| | NOTES* | Before
goodwill
and
exceptional
items
£m | Goodwill
and
exceptional
items
£m | 2005
Total
£m | Before
goodwill
and
exceptional
items
£m | Goodwill
and
exceptional
items
£m | 2004
Total
£m |
|---|
| Turnover: Group and share of joint ventures' turnover | | 4,115 | - | 4,115 | 3,738 | - | 3,738 |
| Less: share of joint ventures' turnover | | (67) | - | (67) | (82) | - | (82) |
| GROUP TURNOVER | 2 | 4,048 | - | 4,048 | 3,656 | - | 3,656 |
| Operating expenses, net | 3 | (3,243) | (103) | (3,346) | (3,056) | (119) | (3,175) |
| EBITDA | | 897 | 13 | 910 | 702 | - | 702 |
| Depreciation | | (92) | - | (92) | (102) | - | (102) |
| Amortisation | | - | (116) | (116) | - | (119) | (119) |
| OPERATING PROFIT | | 805 | (103) | 702 | 600 | (119) | 481 |
| Share of joint ventures' and associates' operating results | 13 | 14 | - | 14 | (5) | 10 | 5 |
| Loss on disposal of investments in joint ventures | 4 | - | (23) | (23) | - | - | - |
| Profit on disposal of fixed asset investments | 4 | - | - | - | - | 51 | 51 |
| Amounts written back to fixed asset investments, net | 4 | - | - | - | - | 24 | 24 |
| PROFIT ON ORDINARY ACTIVITIES BEFORE INTEREST AND TAXATION | | 819 | (126) | 693 | 595 | (34) | 561 |
| Interest receivable and similar income | 5 | 30 | - | 30 | 10 | - | 10 |
| Interest payable and similar charges | 5 | (92) | - | (92) | (91) | - | (91) |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | 6 | 757 | (126) | 631 | 514 | (34) | 480 |
| Tax charge on profit on ordinary activities | 8 | (202) | (4) | (206) | (158) | - | (158) |
| PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION | | 555 | (130) | 425 | 356 | (34) | 322 |
| Equity dividends | 9 | | | (170) | | | (116) |
| RETAINED PROFIT FOR THE FINANCIAL YEAR | 23 | | | 255 | | | 206 |
| EARNINGS PER SHARE - BASIC | 10 | 29.0p | (6.8p) | 22.2p | 18.3p | (1.7p) | 16.6p |
| EARNINGS PER SHARE - DILUTED | 10 | 29.0p | (6.8p) | 22.2p | 18.3p | (1.7p) | 16.6p |
| * Notes are available in the full annual report which can be downloaded in PDF format on this site |
| There were no recognised gains or losses in either year other than those included within the profit and loss account. |
| Details of movements on reserves are shown in note 23. |
| The accompanying notes are an integral part of this consolidated profit and loss account. |
| All results relate to continuing operations. |
