 |
Group profit and loss account
Year ended 31 December 2003
Group profit and loss
|
2003
US$m* |
|
2003
£m |
|
2002
£m |
Turnover of the Group including its share of joint ventures and associate |
16,196 |
|
9,048 |
|
8,422 |
Less share of turnover of joint ventures and associate |
(1,888) |
|
(1,055) |
|
(962) |
Group turnover |
14,308 |
|
7,993 |
|
7,460 |
Group operating profit before exceptional charge |
965 |
|
539 |
|
498 |
Exceptional charge |
(70) |
|
(39) |
|
- |
Group operating profit |
895 |
|
500 |
|
498 |
Share of operating profits of joint ventures and associate |
9 |
|
5 |
|
7 |
Total operating profit |
904 |
|
505 |
|
505 |
Net interest and other financing charges |
(235) |
|
(131) |
|
(134) |
Net retirement benefits financing income |
9 |
|
5 |
|
7 |
Total net interest and other finance charges |
(226) |
|
(126) |
|
(127) |
Profit on ordinary activities before taxation |
678 |
|
379 |
|
378 |
Tax on profit on ordinary activities |
(226) |
|
(126) |
|
(119) |
Profit on ordinary activities after taxation |
452 |
|
253 |
|
259 |
Equity minority interests |
(10) |
|
(6) |
|
(4) |
Profit for the financial year |
442 |
|
247 |
|
255 |
Dividends |
(345) |
|
(193) |
|
(179) |
Retained profit for the financial year |
97 |
|
54 |
|
76 |
Earnings per ordinary share |
|
|
|
|
|
- adjusted (a) |
99.3c |
|
55.5p |
|
51.2p |
- basic |
68.0c |
|
38.0p |
|
39.3p |
- diluted |
67.8c |
|
37.9p |
|
39.1p |
dividends per ordinary share |
|
|
|
|
|
- final proposed |
36.1c |
|
20.15p |
|
18.75p |
- total for the year |
52.9c |
|
29.60p |
|
27.55p |
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. Turnover and operating results
relate to continuing operations.
(a) Before intangible asset amortisation and exceptional charge.
|
|
* |
US dollar equivalents are provided for reader convenience at the 31 December 2003 exchange rate of £1:US$1.79. |
Source: Final results 2003 news release
|