Financial Highlights
| At/year ended 31 March | 2008 £m |
2007 £m |
2006 £m |
2005 £m |
|---|---|---|---|---|
| Consolidated Income Statement data | ||||
| Revenue | 35,478 | 31,104 | 29,350 | 26,678 |
| Operating profit/(loss) | 10,047 | (1,564) | (14,084) | 7,878 |
| Adjusted operating profit (non-GAAP measure)(1) | 10,075 | 9,531 | 9,399 | 8,353 |
| Profit/(loss) before taxation | 9,001 | (2,383) | (14,853) | 7,285 |
| Profit/(loss) for the financial year from continuing operations | 6,756 | (4,806) | (17,233) | 5,416 |
| Profit/(loss) for the financial year | 6,756 | (5,297) | (21,821) | 6,518 |
| Consolidated Balance Sheet data | ||||
| Total assets | 127,270 | 109,617 | 126,738 | 147,197 |
| Total equity | 76,471 | 67,293 | 85,312 | 113,648 |
| Total equity shareholders’ funds | 78,043 | 67,067 | 85,425 | 113,800 |
| Earnings Per Share (“EPS”)(2) | ||||
| Weighted average number of shares (millions) | ||||
| – Basic | 53,019 | 55,144 | 62,607 | 66,196 |
| – Diluted | 53,287 | 55,144 | 62,607 | 66,427 |
| Basic earnings/(loss) per ordinary share | ||||
| – Profit/(loss) from continuing operations | 12.56p | (8.94)p | (27.66)p | 8.12p |
| – Profit/(loss) for the financial year | 12.56p | (9.84)p | (35.01)p | 9.68p |
| Diluted earnings/(loss) per ordinary share | ||||
| – Profit/(loss) from continuing operations | 12.50p | (8.94)p | (27.66)p | 8.09p |
| – Profit/(loss) for the financial year | 12.50p | (9.84)p | (35.01)p | 9.65p |
| Cash dividends(2)(3)(4) | ||||
| Amount per ordinary share (pence)(5) | 7.51p | 6.76p | 6.07p | 4.07p |
| Amount per ADS (pence)(5) | 75.1p | 67.6p | 60.7p | 40.7p |
| Amount per ordinary share (US cents)(2)(5) | 14.91c | 13.28c | 10.56c | 7.68c |
| Amount per ADS (US cents)(2)(5) | 149.1c | 132.8c | 105.6c | 76.8c |
| Other Data | ||||
| Ratio of earnings to fixed charges(6) | 3.9 | – | – | 7.0 |
| Deficit | – | (4,389) | (16,520) | – |
| Notes: | |
|---|---|
| (1) | Refer to Non-GAAP Information for a reconciliation of this non-GAAP measure to the most comparable GAAP measure and a discussion of this measure. |
| (2) | See note 8 to the Consolidated Financial Statements, “Earnings/(loss) per share”. Earnings and dividends per ADS is calculated by multiplying earnings per ordinary share by ten, the number of ordinary shares per ADS. Dividend per ADS is calculated on the same basis. |
| (3) | The final dividend for the year ended 31 March 2008 was proposed by the directors on 27 May 2008. |
| (4) | The cash dividend per ordinary share for the year ended 31 March 2004 was 2.0315p (amount per ADS: 20.315p). |
| (5) | The final dividend for the year ended 31 March 2008 was proposed on 27 May 2008 and is payable on 1 August 2008 to holders of record as of 6 June 2008. This dividend has been translated into US dollars at 31 March 2008 for ADS holders but will be payable in US dollars under the terms of the ADS depositary agreement. |
| (6) | For the purposes of calculating these ratios, earnings consist of profit before tax adjusted for fixed charges, dividend income from associated undertakings, share of profits and losses from associated undertakings and profits and losses on ordinary activities before taxation from discontinued operations. Fixed charges comprise one-third of payments under operating leases, representing the estimated interest element of these payments, interest payable and similar charges and preferred share dividends. |