These statements of consolidated financial information (pages 72 and 73) reflect a translation of the Group's 1999 profit and loss account and balance sheet, prepared under UK GAAP, using US$1.647/£, the rate in effect at 30 September 1999.

	1999				1998
Consolidated profit and loss account	Total $ m	Excep-tional items $ m	Digital TV $ m	Before excep-tional items and Digital TV $ m	Before excep-tional items and Digital TV $ m	Digital TV $ m	Excep-tional items $ m	Total $ m
Turnover	3,240.8	-	34.1	3,206.7	3,065.1	11.0	-	3,076.1
Less: share of joint ventures	(48.8)	-	(17.8)	(31.0)	(42.2)	-	-	(42.2)
Group turnover	3,192.0	-	16.3	3,175.7	3,022.9	11.0	-	3,033.9
Operating costs	(2,728.3)	-	(78.8)	(2,649.5)	(2,499.2)	(26.8)	-	(2,526.0)
Exceptional operating charges	(19.1)	(19.1)	-	-	-	-	-	-
Group operating profit	444.6	(19.1)	(62.5)	526.2	523.7	(15.8)	-	507.9
Share of operating results of joint ventures	(122.2)	-	(125.8)	3.6	2.6	(25.5)	-	(22.9)
Share of operating results of associated undertakings	(1.1)	-	(15.6)	14.5	9.8	-	-	9.8
	321.3	(19.1)	(203.9)	544.3	536.1	(41.3)	-	494.8
Profit on sale of investment	-	-	-	-	-	-	15.8	15.8
Loss on sale of businesses	(40.5)	(40.5)	-	-	-	-	-	-
Profit on ordinary activities before interest	280.8	(59.6)	(203.9)	544.3	536.1	(41.3)	15.8	510.6
Net interest receivable/(payable)	(29.8)	-	(14.7)	(15.1)	8.1	(4.7)	-	3.4
Profit on ordinary activities before taxation	251.0	(59.6)	(218.6)	529.2	544.2	(46.0)	15.8	514.0
Taxation on profit on ordinary activities	(96.4)	5.9	63.4	(165.7)	(176.9)	11.9	-	(165.0)
Profit on ordinary activities after taxation	154.6	(53.7)	(155.2)	363.5	367.3	(34.1)	15.8	349.0
Minority interests	1.0	-	-	1.0	-	-	-	-
Profit attributable to shareholders	155.6	(53.7)	(155.2)	364.5	367.3	(34.1)	15.8	349.0
Dividends paid and proposed	(177.0)	-	-	(177.0)	(163.2)	-	-	(163.2)
Retained (loss)/profit for the year	(21.4)	(53.7)	(155.2)	187.5	204.1	(34.1)	15.8	185.8

	1999 $	1998 $
Reconciliation of headline earnings per share
Basic earnings per Ordinary share	0.22	0.53
Exceptional items after tax	0.08	(0.02)
	0.30	0.51
Digital Television	0.26	0.05
Headline earnings per Ordinary share	0.56	0.56
Diluted earnings per Ordinary share	0.21	0.49
Exceptional items after tax	0.07	(0.02)
	0.28	0.47
Digital Television	0.24	0.05
Headline diluted earnings per Ordinary share	0.52	0.52

 

Consolidated balance sheet	$ m	1999 $ m	$ m	1998 $ m
Fixed assets
Intangible assets		240.3		71.6
Tangible assets		591.6		569.4
Investments in joint ventures:
Share of gross assets	133.5		45.0
Share of gross liabilities	(132.3)		(22.6)
Loan to joint venture	51.0		-
	52.2		22.4
Investments in associated undertakings	22.7		23.2
Other investments	28.5		15.5
		103.4		61.1
		935.3		702.1
Current assets
Stocks	95.2		93.1
Programme and film rights	252.5		228.3
Trade debtors	635.4		599.3
Other debtors	293.9		316.3
Investments	14.0		15.0
Cash and other liquid funds	674.6		459.2
	1,965.6		1,711.2
Creditors: amounts falling due within one year	(1,062.2)		(988.5)
Net current assets		903.4		722.7
Total assets less current liabilities		1,838.7		1,424.8
Creditors: amounts falling due after more than one year
Loans	807.7		401.0
Convertible debt	143.8		139.2
Other creditors	33.2		46.8
Provisions for liabilities and charges
Deferred taxation	21.1		17.1
		1,005.8		604.1
Net assets		832.9		820.7
Capital and reserves
Called up share capital		78.9		79.7
Share premium account		213.3		194.7
Other reserves		12.4		8.9
Profit and loss account		527.6		536.1
Shareholders' funds		832.2		819.4
Minority interests - equity		0.7		1.3
		832.9		820.7
Attributable to:
Equity shareholders' funds (before goodwill)		3,346.0		3,334.0
Cumulative goodwill written off directly to reserves		(3,076.0)		(3,118.1)
Equity shareholders' funds		270.0		215.9
Non-equity shareholders' funds		562.2		603.5
Total shareholders' funds		832.2		819.4