| |
|
|
Year ended 31 December |
|
Year ended 31 December |
| |
 |
| |
|
Excluding |
Exceptional |
Including |
Excluding |
Exceptional |
Including |
| |
|
exceptional |
items |
exceptional |
exceptional |
items |
exceptional |
| |
|
items |
|
items |
items |
|
items |
| |
|
|
|
|
(Restated)* |
(Restated)* |
(Restated)* |
| |
|
2002 |
2002 |
2002 |
2001 |
2001 |
2001 |
| Note |
|
£m |
£m |
£m |
£m |
£m |
£m |
| 1 |
Turnover: Group and share
of joint ventures and associates |
1,129 |
|
1,129 |
1,103 |
|
1,103 |
| |
Less: share of joint
ventures turnover |
(122) |
|
(122) |
(139) |
|
(139) |
| |
Less: share of associates
turnover |
(290) |
|
(290) |
(407) |
|
(407) |
|
| 1 |
Group turnover |
717 |
|
717 |
557 |
|
557 |
| 2,8 |
Net operating costs |
(509) |
(103) |
(612) |
(392) |
(2) |
(394) |
|
| |
Operating profit |
208 |
(103) |
105 |
165 |
(2) |
163 |
| |
Share of operating
profit of: |
| |
Joint ventures |
26 |
|
26 |
27 |
|
27 |
| |
Associates |
123 |
|
123 |
134 |
|
134 |
| 8 |
Income from investments |
31 |
42 |
73 |
|
|
|
|
| 1,8 |
Operating profit and
investment income |
388 |
(61) |
327 |
326 |
(2) |
324 |
| 8 |
Non operating
exceptional items |
| |
Profit on sale of operations |
|
|
|
|
32 |
32 |
|
| 1 |
Profit on ordinary activities
before interest and taxation |
388 |
(61) |
327 |
326 |
30 |
356 |
| 4 |
Interest receivable and
similar income |
24 |
|
24 |
24 |
|
24 |
| 5,8 |
Interest payable and
similar charges |
(121) |
|
(121) |
(100) |
(29) |
(129) |
| 5 |
Share of net interest
of joint ventures and associates |
(35) |
|
(35) |
(47) |
|
(47) |
| |
Net interest |
(132) |
|
(132) |
(123) |
(29) |
(152) |
|
| 3 |
Profit on ordinary activities
before taxation |
256 |
(61) |
195 |
203 |
1 |
204 |
| 8,9 |
Tax on profit on ordinary
activities |
(77) |
1 |
(76) |
(64) |
|
(64) |
|
| |
Profit on ordinary activities
after taxation |
179 |
(60) |
119 |
139 |
1 |
140 |
| |
Minority interests
equity |
(6) |
|
(6) |
(2) |
|
(2) |
|
| |
Profit for the financial
year |
173 |
(60) |
113 |
137 |
1 |
138 |
 |
| |
|
|
|
|
|
|
|
| 11 |
Earnings per
share: |
| |
Basic |
15.5p |
(5.4)p |
10.1p |
12.3p |
|
12.3p |
| |
Diluted |
15.5p |
(5.4)p |
10.1p |
12.0p |
|
12.0p |
|
| |
The results for the years ended 31 December 2002 and 2001 derive from continuing operations. There were no material changes in
the activities of the entities consolidated in these financial statements and no material acquisitions or disposals.
*Restated for the adoption of FRS 19 Deferred Tax (see page 55).
|
