Before goodwill and exceptional items £m	Goodwill and exceptional items £m	2004 Total £m	Before goodwill and exceptional items as restated* £m	Goodwill and exceptional items £m	2003 Total as restated* £m
Turnover: Group turnover and share of joint ventures' turnover	3,738	-	3,738	3,263	-	3,263
Less: Share of joint ventures' turnover	(82)	-	(82)	(77)	-	(77)
Group turnover	3,656	-	3,656	3,186	-	3,186
Operating expenses, net	(3,056)	(119)	(3,175)	(2,822)	(116)	(2,938)
EBITDA	702	-	702	462	5	467
Depreciation	(102)	-	(102)	(98)	-	(98)
Amortisation	-	(119)	(119)	-	(121)	(121)
Operating profit	600	(119)	481	364	(116)	248
Share of joint ventures' and associates' operating results	(5)	10	5	3	-	3
Profit on disposal of fixed asset investments	-	51	51	-	-	-
Amounts written back to (written off) fixed asset investments, net	-	24	24	-	(15)	(15)
Profit on ordinary activities before interest and taxation	595	(34)	561	367	(131)	236
Interest receivable and similar income	10	-	10	4	-	4
Interest payable and similar charges	(91)	-	(91)	(118)	-	(118)
Profit on ordinary activities before taxation	514	(34)	480	253	(131)	122
Tax (charge) credit on profit on ordinary activities	(158)	-	(158)	(59)	121	62
Profit on ordinary activities after taxation	356	(34)	322	194	(10)	184
Equity dividends			(116)			-
Retained profit for the financial year			206			184
Earnings per share - basic	18.3p	(1.7p)	16.6p	10.2p	(0.6p)	9.6p
Earnings per share - diluted	18.3p	(1.7p)	16.6p	10.0p	(0.5p)	9.5p

* The full year results for 2003 have been restated following the adoption of Urgent Issues Task Force abstract 38 “Accounting for ESOP trusts” (“UITF 38”) (see note 1).

There were no recognised gains or losses in either year other than those included within the profit and loss account, with the exception of a prior period adjustment in respect of the adoption of UITF 38. The cumulative effect of this adjustment was a £12 million reduction to the brought forward profit and loss reserve at 1 July 2003.

All results relate to continuing operations.