 |
|
|
|
|
|
|
|
|
|
|
|
| For the year ended
31 March 2002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2002 |
|
2001 |
|
2001 |
|
2001 |
|
|
|
|
|
|
|
|
|
|
|
Continuing |
|
Discontinued |
|
Total |
|
|
|
|
|
|
|
|
|
Total |
|
Operations |
|
Operations |
|
(as restated |
) |
|
|
|
|
|
|
Note |
|
£m |
|
£m |
|
£m |
|
£m |
|
|
|
|
|
Turnover |
|
2 |
|
759.6 |
|
|
823.9 |
|
31.2 |
|
855.1 |
|
|
|
|
Cost of sales |
|
|
|
(372.4 |
) |
|
(419.5 |
) |
(24.7 |
) |
(444.2 |
) |
|
|
|
|
Gross profit |
|
|
|
387.2 |
|
|
404.4 |
|
6.5 |
|
410.9 |
|
|
|
|
Distribution and
marketing expenses |
|
|
|
(265.9 |
) |
|
(260.3 |
) |
(6.5 |
) |
(266.8 |
) |
|
|
|
Administration expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– before amortisation of goodwill |
|
|
|
(12.6 |
) |
|
(13.2 |
) |
– |
|
(13.2 |
) |
|
|
|
|
– amortisation of goodwill |
|
|
|
(12.0 |
) |
|
(11.6 |
) |
– |
|
(11.6 |
) |
|
|
|
|
|
|
|
|
|
|
(24.6 |
) |
|
(24.8 |
) |
– |
|
(24.8 |
) |
|
|
|
|
Operating profit |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– before amortisation of goodwill |
|
|
|
108.7 |
|
|
130.9 |
|
– |
|
130.9 |
|
|
|
|
|
– amortisation of goodwill |
|
|
|
(12.0 |
) |
|
(11.6 |
) |
– |
|
(11.6 |
) |
|
|
|
|
|
|
|
|
|
|
96.7 |
|
|
119.3 |
|
– |
|
119.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exceptional loss
on closure |
|
5 |
|
– |
|
|
– |
|
(6.9 |
) |
(6.9 |
) |
|
|
|
Net interest payable |
|
3 |
|
(3.2 |
) |
|
(6.8 |
) |
– |
|
(6.8 |
) |
|
|
|
|
|
Profit on ordinary
activities before taxation |
|
4 |
|
93.5 |
|
|
112.5 |
|
(6.9 |
) |
105.6 |
|
|
|
|
|
|
Profit before taxation,
amortisation of goodwill and exceptional loss |
|
|
|
105.5 |
|
|
|
|
|
|
124.1 |
|
|
|
|
|
|
Taxation on profit
on ordinary activities |
|
8 |
|
(30.6 |
) |
|
|
|
|
|
(34.6 |
) |
|
|
|
|
Profit on ordinary
activities after taxation |
|
9 |
|
62.9 |
|
|
|
|
|
|
71.0 |
|
|
|
|
Dividend |
|
10 |
|
(69.2 |
) |
|
|
|
|
|
(59.8 |
) |
|
|
|
|
Retained (loss)
profit for the financial year |
|
|
|
(6.3 |
) |
|
|
|
|
|
11.2 |
|
|
|
|
|
Earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Before amortisation of goodwill
and exceptional loss |
|
|
|
17.3 |
p |
|
|
|
|
|
20.2 |
p |
|
|
|
|
After amortisation of goodwill
and exceptional loss |
|
|
|
14.5 |
p |
|
|
|
|
|
16.4 |
p |
|
|
|
Diluted |
|
|
11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Before amortisation
of goodwill and exceptional loss |
|
|
|
17.2 |
p |
|
|
|
|
|
20.1 |
p |
|
|
|
|
After amortisation of goodwill
and exceptional loss |
|
|
|
14.5 |
p |
|
|
|
|
|
16.3 |
p |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| For the year
ended 31 March 2002 |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
2002 |
|
|
2001 |
|
| |
|
|
|
|
(as restated) |
|
| |
|
£m |
|
|
£m |
|
|
| Profit for
the financial year |
|
62.9 |
|
|
71.0
|
|
| Translation
differences |
|
0.5 |
|
|
24.4
|
|
|
| Total recognised
gains and losses relating to the year |
|
63.4 |
|
|
95.4
|
|
|
|
|
|
| Prior year
adjustment: implementation of FRS19 |
34 |
(1.6 |
) |
|
|
|
|
|
|
|
| Total gains
and losses recognised since last annual report |
|
61.8 |
|
|
|
|
|
|
|
| All profits
and losses shown are stated at historical
cost, and for the current year relate to continuing
operations. |
|
|
|
|
|
|
| The statement
of movements on Group reserves is at note
32 |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| The attached
notes
form part of these accounts. |
|
|
|
|
|
|
|
|
