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Annual Review and
Summary Financial Statement 2005
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2005 Overview
Strategy Review
Financial Review
The Board
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Consolidated Income Statement
Financial Review
Chief Financial Officer's Review
Operating Review
Financial Review
Consolidated Income Statement
Consolidated Statement of Recognised Income & Expense
Consolidated Balance Sheet
Consolidated Cash Flow Statement
Segmental Reporting
Notes
Auditors' Statement
IFRS to US GAAP Differences
Consolidated Income Statement
Notes
2005
£m
2004
£m
Continuing Operations
Revenue
6,508
6,085
Trading costs
(5,452)
(5,131)
Restructuring costs
2
(72)
(140)
Amortisation and impairment of intangibles
(6)
(7)
Non-trading items
3
25
18
Profit from Operations
1,003
825
Share of result in associates
28
22
Profit before Financing and Taxation
1,031
847
Investment revenue
4
42
48
Finance costs
5
(230)
(253)
Profit before Taxation
843
642
Taxation
6
(140)
(145)
Profit for the Period from continuing operations
703
497
Discontinued Operations
Profit for the Period from discontinued operations
9
73
50
Profit for the Period
776
547
Attributable to:
Equity holders of the parent
765
525
Minority interests
11
22
776
547
Earnings per share
From continuing and discontinued operations
Basic
8
37.3p
25.9p
Diluted
8
36.9p
25.7p
From continuing operations
Basic
8
33.8p
23.4p
Diluted
8
33.4p
23.3p
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