|
For the year ended 31 December
2001
 |
| |
|
|
|
|
|
Continuing |
|
Discontinued |
|
Group |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year |
|
Nine months |
|
Nine months |
|
Nine months |
|
|
|
|
|
ended |
|
ended |
|
ended |
|
ended |
|
|
|
|
|
31 December |
|
31 December |
|
31 December |
|
31 December |
|
|
|
|
|
2001 |
|
2000 |
|
2000 |
|
2000 |
|
| Note |
|
|
|
£m |
|
£m |
|
£m |
|
£m |
|
|
| 1 |
|
Turnover: Group
and share of joint ventures and associates |
|
1,103 |
|
762 |
|
1,578 |
|
2,340 |
|
|
| |
|
Less: share of joint
ventures' turnover |
|
(139) |
|
(96) |
|
(5) |
|
(101) |
|
|
| |
|
Less: share of associates'
turnover |
|
(407) |
|
(382) |
|
- |
|
(382) |
|
|
| 1 |
|
Group turnover |
|
557 |
|
284 |
|
1,573 |
|
1,857 |
|
|
| 2 |
|
Net operating costs
- ordinary |
|
(392) |
|
(225) |
|
(1,455) |
|
(1,680) |
|
|
| 8 |
|
Net operating costs
- exceptional |
|
(2) |
|
- |
|
(227) |
|
(227) |
|
|
| |
|
Operating profit/(loss) |
|
163 |
|
59 |
|
(109) |
|
(50) |
|
|
| |
|
Share of operating
profit of: |
|
|
|
|
|
|
|
|
|
|
| |
|
Joint
ventures |
|
27 |
|
14 |
|
2 |
|
16 |
|
|
| |
|
Associates |
|
134 |
|
94 |
|
- |
|
94 |
|
|
| |
|
Total operating
profit/(loss): Group and share of joint ventures and associates |
|
324 |
|
167 |
|
(107) |
|
60 |
|
|
| 1 |
|
Excluding
exceptional items |
|
326 |
|
167 |
|
120 |
|
287 |
|
| 8 |
|
Exceptional
items |
|
(2) |
|
- |
|
(227) |
|
(227) |
|
|
| 8 |
|
Non operating exceptional
items: |
|
|
|
|
|
|
|
|
|
|
| |
|
Profit/(loss)
on sale of operations |
|
32 |
|
(25) |
|
- |
|
(25) |
|
|
| |
|
Demerger
and reorganisation costs |
|
- |
|
(74) |
|
(6) |
|
(80) |
|
|
|
|
|
|
32 |
|
(99) |
|
(6) |
|
(105) |
|
|
| |
|
Profit/(loss)
on ordinary activities before interest |
|
356 |
|
68 |
|
(113) |
|
(45) |
|
|
| 4 |
|
Interest receivable
and similar income |
|
24 |
|
61 |
|
22 |
|
83 |
|
|
| 5 |
|
Interest payable
and similar charges - ordinary |
|
(100) |
|
(98) |
|
(51) |
|
(149) |
|
|
| 5/8 |
|
Interest payable
and similar charges - exceptional |
|
(29) |
|
- |
|
- |
|
- |
|
|
| |
|
Share of net interest
of joint ventures and associates |
|
(47) |
|
(44) |
|
(1) |
|
(45) |
|
|
| |
|
Net interest |
|
(152) |
|
(81) |
|
(30) |
|
(111) |
|
|
| 3 |
|
Profit/(loss)
on ordinary activities before taxation |
|
204 |
|
(13) |
|
(143) |
|
(156) |
|
|
| 9 |
|
Tax on profit/(loss)
on ordinary activities |
|
(58) |
|
(21) |
|
- |
|
(21) |
|
|
| |
|
Profit/(loss)
on ordinary activities after taxation |
|
146 |
|
(34) |
|
(143) |
|
(177) |
|
|
| |
|
Minority interests
- equity |
|
(2) |
|
(4) |
|
- |
|
(4) |
|
|
| |
|
Profit/(loss)
for the financial year |
|
144 |
|
(38) |
|
(143) |
|
(181) |
|
|
| 11 |
|
Demerger dividend |
|
- |
|
(392) |
|
|
|
(392) |
|
|
| |
|
Retained profit/(loss)
for the financial year |
|
144 |
|
(430) |
|
|
|
(573) |
|
|
|
| 12 |
|
Earnings/(loss) per share:
|
|
|
| |
|
Basic excluding
exceptional items |
|
12.8p |
|
5.5p |
|
|
|
13.5p |
|
|
| |
|
Attributable to
exceptional items |
|
0.1p |
|
(8.9)p |
|
|
|
(29.7)p |
|
|
| |
|
Basic including
exceptional items |
|
12.9p |
|
(3.4)p |
|
|
|
(16.2)p |
|
|
| |
|
Diluted excluding
exceptional items |
|
12.5p |
|
5.5p |
|
|
|
13.5p |
|
|
| |
|
Diluted including
exceptional items |
|
12.6p |
|
(3.4)p |
|
|
|
(16.2)p |
|
|
The results for the year ended 31 December 2001 derive from continuing
operations. There were no material changes in the activitiesof the
entities consolidated in these financial statements and no material
acquisitions or disposals.
|
