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Group Profit and Loss Account

For the year ended 28th September, 2003

2003 2003 2003 2002
Before
amortisation
and impairment
of intangible
assets and
exceptional
items
Amortisation
and
impairment of
intangible
assets and
exceptional
items






Total






Total
Note £m £m £m £m
Turnover
Continuing operations 1,925.8 1,925.8 1,944.5
Acquisitions 7.2 7.2
1 1,933.0 1,933.0 1,944.5
 
     Operating profit before amortisation of intangible assets and exceptional items   
Continuing operations 236.0 236.0 241.6
Acquisitions 1.5 1.5
2 237.5 237.5 241.6
Operating exceptional items – continuing operations (8.8)
Amortisation and impairment of intangible assets
Continuing operations (62.6) (62.6) (55.5)
Acquisitions (0.9) (0.9)
2 (63.5) (63.5) (55.5)
 
Operating profit
Continuing operations 236.0 (62.6) 173.4 177.3
Acquisitions 1.5 (0.9) 0.6
2 237.5 (63.5) 174.0 177.3
Share of operating profits and losses of joint ventures and associates 4 6.8 (12.4) (5.6) (16.6)
Total operating profit – Group and share of joint ventures and associates 244.3 (75.9) 168.4 160.7
Profit on sale of fixed assets 5 1.2 1.2 3.5
Profit on disposal and closure of businesses 6 0.1 0.1 8.6
Income from other fixed asset investments 7 5.0 5.0 5.2
Amounts written off investments 24 (2.9) (2.9) (1.2)
Profit on ordinary activities before interest and finance charges 249.3 (77.5) 171.8 176.8
Net interest payable 8 (61.2) (61.2) (67.6)
Other finance charges (net) 9 (2.6) (2.6) (1.8)
Net interest payable and similar charges (63.8) (63.8) (69.4)
Profit on ordinary activities before taxation 185.5 (77.5) 108.0 107.4
Taxation on profit on ordinary activities 10 (47.0) 1.5 (45.5) (17.8)
Profit on ordinary activities after taxation 138.5 (76.0) 62.5 89.6
Equity interest of minority shareholders (6.6) 4.5 (2.1) (6.8)
Profit for the financial year 131.9 (71.5) 60.4 82.8
Dividends 12 (39.8) (36.6)
Retained profit 33 20.6 46.2
Basic earnings per share 13 15.2p 20.8p
Diluted earnings per share 13 15.2p 20.8p
Adjusted earnings per share 13 33.2p 31.0p
(before amortisation and impairment of intangible assets and exceptional items)

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