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Consolidated Profit and Loss Account
year ended 31 December 2004
| 2004 | 2003 | |||||||
|---|---|---|---|---|---|---|---|---|
| All figures in £ millions | Note | Results from operations |
Other items |
Total | Results from operations |
Other items |
Total | |
| Sales (including share of joint ventures) |
3,940 | - | 3,940 | 4,066 | - | 4,066 | ||
| Less: share of joint ventures | (21) | - | (21) | (18) | - | (18) | ||
| Sales of which | 2a | 3,919 | - | 3,919 | 4,048 | - | 4,048 | |
| Continuing operations | 3,729 | - | 3,729 | 3,879 | - | 3,879 | ||
| Discontinued operations | 31 | 190 | - | 190 | 169 | - | 169 | |
| Group operating profit of which | 445 | (224) | 221 | 483 | (257) | 226 | ||
| Continuing operations | 425 | (215) | 210 | 457 | (251) | 206 | ||
| Discontinued operations | 31 | 20 | (9) | 11 | 26 | (6) | 20 | |
| Share of operating profit of joint ventures and associates of which |
2c/d | 10 | - | 10 | 7 | (7) | - | |
| Continuing operations | 8 | - | 8 | 5 | (7) | (2) | ||
| Discontinued operations | 31 | 2 | - | 2 | 2 | - | 2 | |
| Total operating profit | 2b | 455 | (224) | 231 | 490 | (264) | 226 | |
| Continuing operations | ||||||||
| Profit/(loss) on sale of fixed assets and investments |
4a | - | 12 | 12 | - | (2) | (2) | |
| Loss on sale of subsidiaries and associates |
4b | - | (3) | (3) | - | (4) | (4) | |
| Discontinued operations | ||||||||
| Profit on sale of subsidiaries and associates |
4b | - | - | - | - | 12 | 12 | |
| Non operating items | - | 9 | 9 | - | 6 | 6 | ||
| Profit before interest and taxation | 455 | (215) | 240 | 490 | (258) | 232 | ||
| Net finance costs | 5 | (69) | - | (69) | (80) | - | (80) | |
| Profit before taxation | 386 | (215) | 171 | 410 | (258) | 152 | ||
| Taxation | 7 | (117) | 55 | (62) | (128) | 53 | (75) | |
| Profit after taxation | 269 | (160) | 109 | 282 | (205) | 77 | ||
| Equity minority interests | (30) | 9 | (21) | (28) | 6 | (22) | ||
| Profit for the financial year | 239 | (151) | 88 | 254 | (199) | 55 | ||
| Dividends on equity shares | 8 | (201) | (192) | |||||
| Loss retained | (113) | (137) | ||||||
| Adjusted earnings per share | 9 | 30.0p | 32.0p | |||||
| Basic earnings per share | 9 | 11.1p | 6.9p | |||||
| Diluted earnings per share | 9 | 11.0p | 6.9p | |||||
| Dividends per share | 8 | 25.4p | 24.2p | |||||
There is no difference between the profit before taxation and the loss retained for the year stated above and their historical cost equivalents.