 |
Group profit and loss account
Year ended 31 December 1998
|
1998
US$m* |
|
1998
£m |
|
1997
£m |
Turnover |
7,079.5 |
|
4,255.0 |
|
4,414.8 |
Duty |
(5,518.7) |
|
(3,316.9) |
|
(3,445.6) |
Exceptional item - demerger costs |
- |
|
- |
|
(0.7) |
Other costs and overheads less other operating income |
(911.9) |
|
(548.1) |
|
(586.7) |
Operating profit |
648.9 |
|
390.0 |
|
381.8 |
Income from fixed asset investments |
0.3 |
|
0.2 |
|
0.4 |
Interest |
(119.1) |
|
(71.6) |
|
(45.0) |
Profit on ordinary activities before taxation |
530.1 |
|
318.6 |
|
337.2 |
Taxation |
(167.9) |
|
(100.9) |
|
(96.4) |
Profit on ordinary activities after taxation |
362.2 |
|
217.7 |
|
240.8 |
Dividend |
(232.3) |
|
(139.6) |
|
(132.8) |
Retained profit for the financial year |
129.9 |
|
78.1 |
|
108.0 |
Earnings per ordinary share |
|
|
|
|
|
- basic |
52.6c |
|
31.6p |
|
35.2p |
- diluted |
52.4c |
|
31.5p |
|
35.2p |
Dividends per ordinary share |
|
|
|
|
|
- final proposed |
22.8c |
|
13.7p |
|
9.625p |
- total for the year |
34.1c |
|
20.5p |
|
19.25p |
The turnover and profit figures above relate to continuing operations.
There is no difference between the profit on ordinary activities before taxation and the retained
profit for the financial year stated above and their historical cost equivalents.
|
|
* |
US dollar equivalents are provided for reader convenience at the 31 December 1998 exchange rate of £1:US$1.6638. |
Source: Final results 1998 news release
|