Section content
- Consolidated statement of total return
- Reconciliation of movement in shareholders' funds
- Consolidated revenue statement
- Consolidated balance sheet
- Parent company balance sheet
- Consolidated cash flow statement
- Accounting policies
- Notes to the accounts
- Principal subsidiary undertakings
Consolidated revenue statement
| Notes | 2005 £m |
2004 (as restated)* £m |
|
|---|---|---|---|
| Interest receivable | |||
| Interest receivable and similar income arising from debt securities and other fixed income securities held as financial fixed asset investments |
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| Interest receivable on loan investments | 5 | 94 | 84 |
| Fixed rate dividends | 5 | 7 | 8 |
| 101 | 92 | ||
| Other interest receivable and similar income | 6 | 46 | 33 |
| 147 | 125 | ||
| Interest payable | 7 | (57) | (51) |
| Net interest income | 90 | 74 | |
| Dividend income from equity shares | 8 | 104 | 94 |
| Share of net (losses) of joint ventures | – | (1) | |
| Fees receivable | 9 | 39 | 43 |
| Other operating income | – | 1 | |
| Total operating income | 233 | 211 | |
| Administrative expenses and depreciation | 10 | (78) | (72) |
| Other finance income/(costs) on pension plan | 12 | 1 | (3) |
Profit on ordinary activities before tax |
13 | 156 | 136 |
| Tax on profit on ordinary activities | 14 | (22) | (29) |
Profit for the year |
134 | 107 | |
| Dividends | |||
| Interim | 16 | (32) | (31) |
| Final | 16 | (56) | (53) |
Profit retained for the year |
46 | 23 | |
Earnings per share |
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| Basic (pence) | 17 | 22.2p | 17.8p |
| Diluted (pence) | 17 | 21.4p | 17.3p |
| *As restated to reflect the adoption of FRS 17 – Retirement Benefits and UITF 38 – Accounting for ESOP Trusts. See Basis of preparation. There is no material difference between the reported revenue and the revenue on an unmodified historical cost basis. |
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