| |
Financial Statements:
Profit and loss account
for the year ended 31 March 2005
|
|
2005 Before Exceptional Items |
2005 Exceptional Items (Note 5) |
2005 Total |
2004 |
|
Notes |
£m |
£m |
£m |
£m |
| Turnover |
2 |
7,787 |
- |
7,787 |
7,548 |
|
|
|
|
|
|
| Continuing operations |
|
7,600 |
- |
7,600 |
7,119 |
| Discontinued operations |
|
187 |
- |
187 |
429 |
|
|
|
|
|
|
| Cost of sales |
4 |
(4,357) |
- |
(4,357) |
(4,273) |
| Gross profit |
|
3,430 |
- |
3,430 |
3,275 |
|
|
|
|
|
|
| Net operating expenses before amortisation
of goodwill |
|
(2,538) |
(5) |
(2,543) |
(2,463) |
| Amortisation of goodwill |
|
(207) |
- |
(207) |
(193) |
|
|
|
|
|
|
| Net operating expenses |
4 |
(2,745) |
(5) |
(2,750) |
(2,656) |
| Operating profit |
|
685 |
(5) |
680 |
619 |
|
|
|
|
|
|
| Continuing operations |
|
630 |
1 |
631 |
575 |
| Discontinued operations |
|
55 |
(6) |
49 |
44 |
|
|
|
|
|
|
| Share of operating profit of BL Universal PLC (joint
venture) - discontinued operations |
|
- |
- |
- |
18 |
| Share of operating profit of associated undertakings
- continuing operations |
|
44 |
- |
44 |
46 |
| Trading profit |
|
729 |
(5) |
724 |
683 |
| Profit on Initial Public Offering of Lewis - discontinued
operations |
|
- |
26 |
26 |
- |
| Profit on disposal of shares in Burberry - continuing
operations |
|
- |
3 |
3 |
157 |
| Disposal of home shopping and Reality businesses - discontinued
operations |
|
- |
(27) |
(27) |
(36) |
| Loss on sale of interest in BL Universal PLC - discontinued
operations |
|
- |
- |
- |
(5) |
| Loss on sale of other businesses - continuing
operations |
|
- |
(7) |
(7) |
(53) |
| Profit on ordinary activities before interest |
|
729 |
(10) |
719 |
746 |
| Net interest |
6 |
(26) |
- |
(26) |
(54) |
| Profit on ordinary activities before taxation |
7 |
703 |
(10) |
693 |
692 |
| Tax on profit on ordinary activities |
8 |
|
|
(221) |
(192) |
| Profit on ordinary activities after taxation |
9 |
|
|
472 |
500 |
| Equity minority interests |
|
|
|
(49) |
(27) |
| Profit for the financial year |
|
|
|
423 |
473 |
| Dividends |
10 |
|
|
(293) |
(271) |
| Retained profit for the financial year |
|
|
|
130 |
202 |
|
|
|
|
|
|
| Earnings per share |
11 |
|
|
|
|
| - Basic |
|
|
|
42.3p |
47.4p |
| - Diluted |
|
|
|
41.7p |
47.0p |
|
|
|
|
|
|
| Earnings per share before amortisation |
|
|
|
|
|
| of goodwill and exceptional items |
11 |
|
|
|
|
| - Basic |
|
|
|
63.8p |
60.7p |
| - Diluted |
|
|
|
63.0p |
60.1p |
 |
<< previous | next >> back to top
|
|
