| |
|
Year ended
31 December
2003 |
|
Year ended
31 December
2002 |
 |
| |
|
£m |
|
£m |
| |
|
|
|
|
| Turnover (including joint ventures and associates) |
|
1,273 |
|
1,129 |
|
| Profit/(loss) on ordinary activities before interest and taxation |
|
|
|
|
| Excluding exceptional items |
|
285 |
|
388 |
| Including exceptional items |
|
(57) |
|
327 |
|
| Profit/(loss) on ordinary activities before taxation |
|
|
|
|
| Excluding exceptional items |
|
174 |
|
256 |
| Including exceptional items |
|
(184) |
|
195 |
|
| Earnings/(loss) per share (EPS) in pence |
|
|
|
|
| Basic excluding exceptional items |
|
10.2p |
|
15.5p |
| Basic including exceptional items |
|
(19.7)p |
|
10.1p |
|
| Operating cash flow |
|
285 |
|
391 |
|
| Free cash flow |
|
121 |
|
252 |
|
| Capital expenditure |
|
|
|
|
| Maintenance |
|
64 |
|
48 |
| Growth |
|
57 |
|
98 |
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
As at
31 December
2003 |
|
As at
31 December
2002 |
|
| |
|
£m |
|
£m |
| |
|
|
|
|
| Net assets |
|
1,562 |
|
1,769 |
|
| Net debt |
|
692 |
|
812 |
|
| Gearing |
|
44% |
|
46% |
|
| Debt capitalisation |
|
31% |
|
31% |
|
