| Consolidated
Results |
|
| |
|
 |
| |
2003
£m |
2002 £m |
2001 £m |
2000 £m |
1999 £m |
 |
| |
|
|
|
|
|
| DTH subscribers |
2,341 |
1,929 |
1,537 |
1,189 |
979 |
| Cable and DTT subscribers |
202 |
279 |
299 |
303 |
253 |
| Advertising |
284 |
251 |
271 |
242 |
217 |
| Interactive |
218 |
186 |
93 |
5 |
- |
| Other |
141 |
131 |
106 |
108 |
96 |
| Turnover |
3,186 |
2,776 |
2,306 |
1,847 |
1,545 |
 |
| |
|
|
|
|
|
| Operating expenses, net |
(2,815) |
(2,584) |
(2,146) |
(1,762) |
(1,360) |
| Goodwill amortisation |
(122) |
(119) |
(44) |
- |
- |
| Exceptional
operating costs |
5 |
(18) |
(23) |
(105) |
(456) |
| Operating
profit (loss) |
254 |
55 |
93 |
(20) |
(271) |
 |
| |
|
|
|
|
|
| Share of operating results of joint
ventures |
3 |
(76) |
(256) |
(122) |
(58) |
| Joint ventures’ goodwill amortisation,
net |
- |
(1,070) |
(101) |
(14) |
- |
| Share of joint venture’s loss
on sale of fixed asset investment |
- |
- |
(70) |
(14) |
- |
| Profit (loss) on sale of fixed asset
investments |
- |
2 |
- |
(1) |
- |
| Amounts written off fixed asset investments,
net |
(15) |
(60) |
(39) |
- |
- |
| Release of provision (provision) for
loss on disposal of subsidiary |
- |
10 |
(10) |
- |
- |
| Net interest payable and similar charges |
(114) |
(137) |
(132) |
(92) |
(60) |
| Profit
(loss) on ordinary activities before taxation |
128 |
(1,276) |
(515) |
(263) |
(389) |
 |
| |
|
|
|
|
|
| Taxation credit (charge) (i) |
62 |
(107) |
(24) |
65 |
103 |
| Profit
(loss) on ordinary activities after taxation |
190 |
(1,383) |
(539) |
(198) |
(286) |
 |
| |
|
|
|
|
|
| Statistics |
|
|
|
|
|
| Basic earnings (loss) per share |
9.9p |
(73.3p) |
(29.2p) |
(11.3p) |
(16.6p) |
| Diluted earnings (loss) per share |
9.8p |
(73.3p) |
(29.2p) |
(11.3p) |
(16.6p) |
| Dividend per share |
|
|
|
|
|
| – interim |
- |
- |
- |
- |
2.75p |
| – final |
- |
- |
- |
- |
- |
| Payments to acquire tangible fixed
assets (£ million) |
98 |
101 |
133 |
58 |
76 |
| |
|
|
|
|
|
| Direct-to-home subscribers (‘000) |
6,845 |
6,101 |
5,453 |
4,513 |
3,460 |
| Cable subscribers (‘000) (ii) |
3,871 |
4,091 |
3,486 |
3,735 |
3,778 |
| DTT subscribers (‘000) (iii) |
1,510 |
- |
1,105 |
740 |
204 |
| Total subscribers (‘000) |
12,226 |
10,192 |
10,044 |
8,988 |
7,442 |
| |
|
|
|
|
|
| Average
number of full-time equivalent employees |
9,132 |
9,083 |
9,948 |
10,730 |
8,271 |
 |
| Capital
employed |
£m |
£m |
£m |
£m |
£m |
 |
| |
|
|
|
|
|
| Fixed assets |
991 |
1,129 |
2,411 |
1,886 |
343 |
| Working capital |
(191) |
(17) |
15 |
32 |
2 |
| Provisions, tax and dividends (i) |
199 |
115 |
182 |
24 |
(228) |
| Net debt |
(1,105) |
(1,528) |
(1,547) |
(1,145) |
(665) |
| Net (liabilities) assets |
(106) |
(301) |
1,061 |
797 |
(548) |
 |
Notes
(i) The taxation credit for 2000 and 1999 was restated
following the adoption by the Group of FRS 19, Deferred
tax in the year ended 30 June 2001. Adoption of FRS 19
resulted in the recalculation of loss per share for 2000
and 1999.
(ii) The cable subscribers disclosure for 2000 and 1999
was restated in the year ended 30 June 2001 to include
Eire subscribers.
(iii) From 2003, the DTT subscriber number consists of
BARB’s estimate of the number of homes with access
to Freeview. Up until 2001, this subscriber number included
all those subscribing to ITV Digital’s (previously
On Digital) DTT service. |
 |