Consolidated results

 2005
£m
2004
as restated
(ii)
£m
2003
as restated
(ii), (iii)
£m
2002
as restated
(ii), (iii)
£m
2001
as restated
(ii), (iii)
£m
DTH subscribers2,9682,6602,3411,9291,537
Cable and DTT subscribers (i)219215202279299
Advertising329312284251271
Sky Bet (ii)2611911179578
Sky Active (ii)921161019115
Other179162141131106
TURNOVER4,0483,6563,1862,7762,306 
Operating expenses, net (iii)(3,243)(3,056)(2,822)(2,590)(2,154)
Goodwill amortisation(116)(119)(121)(119)(44)
Exceptional operating items13-5(18)(23)
OPERATING PROFIT7024812484985
Share of joint ventures' and associates' operating results14(5)3(76)(256)
Joint ventures' and associates' goodwill amortisation, net-10-(1,070)(101)
Share of joint venture's loss on disposal of fixed asset investment----(70)
Loss on disposal of investments in joint ventures(23)----
Profit on disposal of fixed asset investments-51-2-
Amounts written back to (written off) fixed asset investments, net-24(15)(60)(39)
Release of provision (provision) for loss on disposal of subsidiary---10(10)
Net interest payable and similar charges(62)(81)(114)(137)(132)
PROFIT (LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION631480122(1,282)(523)
Tax on profit (loss) on ordinary activities(206)(158)62(107)(24)
PROFIT (LOSS) ON ORDINARY ACTIVITIES AFTER TAXATION425322184(1,389)(547)
STATISTICS
Basic earning (loss) per share before goodwill and exceptional items29.0p18.3p10.2p(3.0p)(13.3p)
Basic earnings (loss) per share22.2p16.6p9.6p(73.6p)(29.6p)
Diluted earnings (loss) per share22.2p16.6p9.5p(73.6p)(29.6p)
Dividend per share
- interim4.00p2.75p---
- final5.00p3.25p---
Payments to acquire tangible fixed assets (£m)23013298101133
 
DTH homes ('000)7,7877,3556,8456,1015,453
Cable homes ('000)3,8723,8953,8714,0913,486
ITV Digital homes ('000)----1,105
TOTAL SKY PAY HOMES11,65911,25010,71610,19210,044
DTT homes ('000) (iv)4,9403,0841,510--
 
Average number of full-time equivalent employees9,9589,5009,1329,0839,948
CAPITAL EMPLOYED£m£m£m£m£m
Fixed assets8528289561,0872,392
Working capital(401)(349)(202)(26)8
Provisions, tax assets and creditors, and dividend creditor(106)40199115182
Net debt(379)(429)(1,105)(1,528)(1,547)
Net (liabilities) assets(34)90(152)(352)1,035
 
  1. From 2003, this relates primarily to cable subscriber revenues.
  2. Additional detail has been provided with regard to the analysis of interactive revenues between the Group's betting and games revenues - "Sky Bet" - and other interactive revenues - "Sky Active" - and prior year comparatives have been restated accordingly.
  3. Operating expenses, net; operating profit (loss); profit (loss) on ordinary activities before taxation; profit (loss) on ordinary activities after taxation; fixed assets; working capital and net assets (liabilities) for 2003, 2002 and 2001 were restated following the adoption by the Group of UITF 38, in the year ended 30 June 2004. Adoption of UITF 38 also resulted in the recalculation of the basic and diluted earnings (loss) per share for 2003, 2002 and 2001.
  4. The Digital Terrestrial Television ("DTT") subscriber number consists of BARB's estimate of the number of homes with access to Freeview (the free DTT service operating in the UK). These figures may include Sky or Cable homes that already take multichannel TV.

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This is a summary of information extracted from the Company's annual report and accounts. It does not contain sufficient information to allow as full an understanding of the results of the Group and state of affairs as is provided by the full annual report and accounts, which can be downloaded in PDF format from this site.

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