Consolidated revenue statement |
| for the year to 31 March 2004 |
|
|
|
| |
|
|
|
| |
Notes |
2004
£m |
2003
£m |
| Interest receivable |
|
|
|
Interest receivable and similar income arising from debt securities and other fixed income securities
held as financial fixed asset investments |
|
|
|
| Interest receivable on loan investments |
5 |
84 |
96 |
| Fixed rate dividends |
5 |
8 |
17 |
| |
|
92 |
113 |
| Other interest receivable and similar income |
6 |
33 |
34 |
| |
|
125 |
147 |
| Interest payable |
7 |
(51) |
(57) |
| Net interest income |
|
74 |
90 |
| Dividend income from equity shares |
8 |
94 |
106 |
| Share of net (losses) of joint ventures |
|
(1) |
(1) |
| Fees receivable |
9 |
43 |
46 |
| Other operating income |
|
1 |
– |
| Total operating income |
|
211 |
241 |
| Administrative expenses and depreciation |
10 |
(72) |
(64) |
| Cost of changes to organisational structure |
13 |
– |
(5) |
| Profit on ordinary activities before tax |
14 |
139 |
172 |
| Tax on profit on ordinary activities |
15 |
(29) |
(32) |
| Profit for the year |
|
110 |
140 |
| Dividends |
|
|
|
| Interim |
17 |
(31) |
(29) |
| Final |
17 |
(53) |
(52) |
| Profit retained for the year |
|
26 |
59 |
| |
|
|
|
| Earnings per share |
|
|
|
| Basic (pence) |
18 |
18.0p |
22.9p |
| Diluted (pence) |
18 |
17.2p |
22.9p |
| There is no material difference between the reported revenue and the revenue on an unmodified historical cost basis. |
