Consolidated statement of total return |
for the year to 31 March 2004
|
| |
Notes |
Revenue
2004
£m |
Capital
2004
£m |
Total
2004
£m |
Revenue
2003
£m |
Capital
2003
£m |
Total
2003
£m |
| Capital profits |
|
|
|
|
|
|
|
| Realised profits on disposal of investments |
2 |
|
228 |
228 |
|
190 |
190 |
| Unrealised profits/(losses) on revaluation of investments |
3 |
|
336 |
336 |
|
(1,159) |
(1,159) |
| |
|
|
564 |
564 |
|
(969) |
(969) |
| Carried interest and investment performance plans |
4 |
|
(40) |
(40) |
|
(12) |
(12) |
| |
|
|
524 |
524 |
|
(981) |
(981) |
| Total operating income before interest payable |
1 |
262 |
5 |
267 |
298 |
10 |
308 |
| Interest payable |
7 |
(51) |
(42) |
(93) |
(57) |
(53) |
(110) |
| |
|
211 |
487 |
698 |
241 |
(1,024) |
(783) |
| Administrative expenses |
10 |
(72) |
(91) |
(163) |
(64) |
(89) |
(153) |
| Cost of changes to organisational structure |
13 |
– |
– |
– |
(5) |
(5) |
(10) |
| Return before tax and currency translation adjustment |
1 |
139 |
396 |
535 |
172 |
(1,118) |
(946) |
| Tax |
15 |
(29) |
25 |
(4) |
(32) |
35 |
3 |
| Return for the year before currency translation adjustment |
|
110 |
421 |
531 |
140 |
(1,083) |
(943) |
| Currency translation adjustment |
|
24 |
(24) |
– |
6 |
2 |
8 |
| Total return |
|
134 |
397 |
531 |
146 |
(1,081) |
(935) |
| |
|
|
|
|
|
|
|
| Total return per share |
|
|
|
|
|
|
|
| Basic (pence) |
|
21.9p |
64.9p |
86.8p |
23.9p |
(177.1)p |
(153.2)p |
| Diluted (pence) |
|
21.0p |
62.2p |
83.2p |
23.9p |
(176.9)p |
(153.0)p |
