| Consolidated
results |
|
 |
|
 |
| |
2004
£m |
2003
as restated
(ii)
£m |
2002
as restated
(ii)
£m |
2001
as restated
(ii)
£m |
2000
as
restated
(ii), (iii), (iv)
£m |
 |
| |
|
|
|
|
|
| DTH
subscribers |
2,660 |
2,341 |
1,929 |
1,537 |
1,189 |
| Cable
and DTT subscribers (i) |
215 |
202 |
279 |
299 |
303 |
| Advertising |
312 |
284 |
251 |
271 |
242 |
| Interactive |
307 |
218 |
186 |
93 |
5 |
| Other |
162 |
141 |
131 |
106 |
108 |
| Turnover |
3,656 |
3,186 |
2,776 |
2,306 |
1,847 |
 |
| |
|
|
|
|
|
| Operating
expenses, net (ii) |
(3,056) |
(2,822) |
(2,590) |
(2,154) |
(1,762) |
| Goodwill
amortisation |
(119) |
(121) |
(119) |
(44) |
- |
| Exceptional
operating items |
- |
5 |
(18) |
(23) |
(105) |
| Operating
profit (loss) |
481 |
248 |
49 |
85 |
(20) |
 |
| |
|
|
|
|
|
| Share
of joint ventures' and associates' operating
results |
(5) |
3 |
(76) |
(256) |
(122) |
| Joint
ventures’ and associates' goodwill amortisation,
net |
10 |
- |
(1,070) |
(101) |
(14) |
| Share
of joint venture’s loss on disposal of
fixed asset investments |
- |
- |
- |
(70) |
(14) |
| Profit
(loss) on disposal of fixed asset investments |
51 |
- |
2 |
- |
(1) |
| 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 |
(81) |
(114) |
(137) |
(132) |
(92) |
| Profit
(loss) on ordinary activities before taxation |
480 |
122 |
(1,282) |
(523) |
(263) |
 |
| |
|
|
|
|
|
| Tax
on profit (loss) on ordinary activities (iii) |
(158) |
62 |
(107) |
(24) |
65 |
| Profit
(loss) on ordinary activities after taxation |
322 |
184 |
(1,389) |
(547) |
(198) |
 |
| |
|
|
|
|
|
| Statistics |
|
|
|
|
|
| Basic
earnings (loss) per share |
16.6p |
9.6p |
(73.6p) |
(29.6p) |
(11.3p) |
| Diluted
earnings (loss) per share |
16.6p |
9.5p |
(73.6p) |
(29.6p) |
(11.3p) |
| Dividend
per share |
|
|
|
|
|
| – interim |
2.75p |
- |
- |
- |
- |
| – final |
3.25p |
- |
- |
- |
- |
| Payments
to acquire tangible fixed assets (£m) |
132 |
98 |
101 |
133 |
58 |
| |
|
|
|
|
|
| DTH
subscribers (‘000) |
7,355 |
6,845 |
6,101 |
5,453 |
4,513 |
| Cable
subscribers (‘000) (iv) |
3,895 |
3,871 |
4,091 |
3,486 |
3,735 |
| DTT
subscribers (‘000) (v) |
3,084 |
1,510 |
- |
1,105 |
740 |
| Total
subscribers (‘000) |
14,334 |
12,226 |
10,192 |
10,044 |
8,988 |
| |
|
|
|
|
|
| Average
number of full-time equivalent employees |
9,500 |
9,132 |
9,083 |
9,948 |
10,730 |
 |
| Capital
employed |
£m |
£m |
£m |
£m |
£m |
 |
| |
|
|
|
|
|
| Fixed
assets |
828 |
956 |
1,087 |
2,392 |
1,859 |
| Working
capital |
(349) |
(202) |
(26) |
8 |
32 |
| Provisions,
tax assets and creditors, and dividend creditor
(iii) |
40 |
199 |
115 |
182 |
24 |
| Net
debt |
(429) |
(1,105) |
(1,528) |
(1,547) |
(1,145) |
| Net assets (liabilities) |
90 |
(152) |
(352) |
1,035 |
770 |
 |
Notes
(i) From 2003, this relates
solely to cable subscriber revenues.
(ii) 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,
2001 and 2000 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, 2001 and 2000.
(iii) The taxation credit
for 2000 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.
(iv) The cable subscribers
disclosure for 2000 was restated in the year ended
30 June 2001 to include Ireland subscribers.
(v) From 2003, 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 ). Up until 2001, this subscriber
number included all those subscribing to ITV Digital’s
(previously On Digital’s) DTT service. |
 |