| |
|
(In £’s
million) |
|
Half
year to 31 December 2003 (Unaudited) |
|
Half year
to 31 December 2002 (Unaudited) |
|
Year to
30 June 2003 (Restated) |
| TURNOVER |
|
|
|
|
|
|
|
|
 Continuing
operations |
|
|
|
756.4 |
|
626.5 |
|
1,365.8 |
| Discontinued
operations |
|
|
|
485.3 |
|
562.0 |
|
1,132.6 |
|
|
|
|
|
|
|
|
|
| |
|
|
|
1,241.7 |
|
1,188.5 |
|
2,498.4 |
| OPERATING PROFIT / (LOSS) |
|
|
|
|
|
|
|
|
| Before
goodwill amortisation and exceptional items |
|
|
|
89.7 |
|
94.7 |
|
190.1 |
| Goodwill
amortisation |
|
|
|
(6.6) |
|
(12.4) |
|
(27.3) |
| Exceptional
operating items |
|
note
4 |
|
– |
|
– |
|
(490.0) |
|
|
|
|
|
|
|
|
|
| |
|
|
|
83.1 |
|
82.3 |
|
(327.2) |
| OPERATING PROFIT / (LOSS) |
|
|
|
|
|
|
|
|
| Continuing
operations |
|
|
|
66.2 |
|
57.7 |
|
(54.5) |
| Discontinued
operations |
|
|
|
16.9 |
|
24.6 |
|
(272.7) |
|
|
|
|
|
|
|
|
|
| |
|
|
|
83.1 |
|
82.3 |
|
(327.2) |
| Share of operating profit of associated company |
|
|
|
1.2 |
|
2.4 |
|
6.1 |
|
|
|
|
|
|
|
|
|
| |
|
|
|
84.3 |
|
84.7 |
|
(321.1) |
| EXCEPTIONAL ITEMS |
|
note
4 |
|
1.9 |
|
– |
|
(85.3) |
| Net interest payable |
|
|
|
(3.0) |
|
(8.6) |
|
(17.3) |
| Exceptional finance charges |
|
note
4 |
|
– |
|
– |
|
(21.1) |
|
|
|
|
|
|
|
|
|
| PROFIT / (LOSS) ON ORDINARY ACTIVITIES
BEFORE TAXATION |
|
|
|
83.2 |
|
76.1 |
|
(444.8) |
| Tax charge – non exceptional |
|
|
|
(29.1) |
|
(27.6) |
|
(40.8) |
| Tax charge – exceptional |
|
note
7 |
|
(20.5) |
|
– |
|
– |
|
|
|
|
|
|
|
|
|
| Tax on profit / (loss) on ordinary activities |
|
|
|
(49.6) |
|
(27.6) |
|
(40.8) |
|
|
|
|
|
|
|
|
|
| PROFIT / (LOSS) ON ORDINARY ACTIVITIES AFTER
TAXATION |
|
|
|
33.6 |
|
48.5 |
|
(485.6) |
| Equity minority interests |
|
|
|
(0.1) |
|
(0.1) |
|
(0.1) |
|
|
|
|
|
|
|
|
|
| PROFIT / (LOSS) FOR THE PERIOD |
|
|
|
33.5 |
|
48.4 |
|
(485.7) |
| Dividends |
|
|
|
(17.4) |
|
(30.0) |
|
(92.1) |
|
|
|
|
|
|
|
|
|
| TRANSFERRED TO RESERVES |
|
|
|
16.1 |
|
18.4 |
|
(577.8) |
 |
|
|
|
|
|
|
|
|
| Basic earnings per share |
|
|
|
1.96p |
|
2.83p |
|
(28.39)p |
Earnings per ordinary share before goodwill amortisation
and exceptional items |
|
|
|
3.43p |
|
3.56p |
|
7.01p |
| Diluted earnings per share |
|
|
|
1.95p |
|
2.83p |
|
(28.38)p |
| DIVIDEND PER SHARE |
|
|
|
1.00p |
|
1.75p |
|
5.38p |
| INTEREST COVER |
|
|
|
30x |
|
11x |
|
11x |
