BSkyB Annual Report and Accounts 2003 A year of positives + + + + + + + + + for the year ended 30 June 2003   NOTES Before goodwill and exceptional items £m Goodwill and exceptional items £m 2003 Total £m Before goodwill and exceptional items £m Goodwill and exceptional items £m 2002 Total £m Turnover: Group turnover and share of joint ventures' turnover   3,262.5 - 3,262.5 2,915.3 - 2,915.3 Less: Share of joint ventures' turnover   (76.5) - (76.5) (139.2) - (139.2) Group turnover 2 3,186.0 - 3,186.0 2,776.1 - 2,776.1 Operating expenses, net 3 (2,815.3) (116.7) (2,932.1) (2,584.6) (136.5) (2,721.1) EBITDA 1 468.6 4.8 473.4 272.7 (18.2) 254.5 Depreciation   (97.9) - (97.9) (81.1) - (81.1) Amortisation   - (121.5) (121.5) (0.1) (118.3) (118.4) Operating profit (loss)   370.7 (116.7) 254.0 191.5 (136.5) 55.0 Share of operating results of joint ventures 5 3.4 - 3.4 (76.7) - (76.7) Joint ventures' goodwill amortisation, net* 14 - - - - (1,069.9) (1,069.9) Profit on sale of fixed asset investments 4 - - - - 2.3 2.3 Amounts written off fixed asset investments, net 4 - (15.1) (15.1) - (60.0) (60.0) Release of provision for loss on disposal of subsidiary 4 - - - - 10.0 10.0 Profit (loss) on ordinary activities before interest and taxation   374.1 (131.8) 242.3 114.8 (1,254.1) (1,139.3) Interest receivable and similar income 6 3.7 - 3.7 11.1 - 11.1 Interest payable and similar charges 6 (118.2) - (118.2) (148.0) - (148.0) Profit (loss) on ordinary activities before taxation 7 259.6 (131.8) 127.8 (22.1) (1,254.1) (1,276.2) Tax on profit (loss) on ordinary activities 9 (58.7) 121.2 62.5 (28.6) (77.8) (106.4) Profit (loss) on ordinary activities after taxation   200.9 (10.6) 190.3 (50.7) (1,331.9) (1,382.6) Equity dividends - paid and proposed 10     -     - Retained profit (loss) for the financial year 24     190.3     (1,382.6) Basic earnings (loss) per share 11 10.5p (0.6p) 9.9p (2.7p) (70.6p) (73.3p) Diluted earnings (loss) per share 11 10.3p (0.5p) 9.8p (2.7p) (70.6p) (73.3p) Details of movements on reserves are shown in note 24. The accompanying notes are an integral part of this consolidatedprofit and loss account. All results relate to continuing operations. * Included within last year's joint ventures' goodwill amortisation of £1,069 million is £971.4 million in respect of an impairment of KirchPayTV GMBH & Co KGaA ("KirchPayTV") goodwill (see notes 4 and 14)       A PDF of the Consolidated Profit & Loss Account from the 2003 Annual Report and Accounts       back to top sky corporate home                 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 accounts and reports, which can be downloaded in PDF format from this site.     © 2003 BSkyB | Privacy Statement | Terms & Conditions   BSkyB Publications EPG Charges   SSSL Publications Conditional Access Charges Access Control Charges