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 statement of total return
| Notes | Revenue 2005 £m |
Capital 2005 £m |
Total 2005 £m |
Revenue 2004 (as restated)* £m |
Capital 2004 (as restated)* £m |
Total 2004 (as restated)* £m |
|
|---|---|---|---|---|---|---|---|
| Capital profits | |||||||
| Realised profits on disposal of investments | 2 | 260 | 260 | 228 | 228 | ||
| Unrealised profits on revaluation of investments | 3 | 270 | 270 | 336 | 336 | ||
| 530 | 530 | 564 | 564 | ||||
| Carried interest and investment performance plans | 4 | (66) | (66) | (40) | (40) | ||
| 464 | 464 | 524 | 524 | ||||
| Total operating income before interest payable | 1 | 290 | 18 | 308 | 262 | 5 | 267 |
| Interest payable | 7 | (57) | (25) | (82) | (51) | (42) | (93) |
| 233 | 457 | 690 | 211 | 487 | 698 | ||
| Administrative expenses | 10 | (78) | (94) | (172) | (72) | (91) | (163) |
| Other finance income/(costs) on pension plan | 12 | 1 | - | 1 | (3) | - | (3) |
| Actuarial (losses) on pension plan | 12 | - | (1) | (1) | - | (4) | (4) |
| Return before tax and currency translation adjustment | 1 | 156 | 362 | 518 | 136 | 392 | 528 |
| Tax | 14 | (22) | 19 | (3) | (29) | 25 | (4) |
| Return for the year before currency translation adjustment | 134 | 381 | 515 | 107 | 417 | 524 | |
| Currency translation adjustment | (1) | (2) | (3) | 24 | (24) | - | |
Total return |
133 | 379 | 512 | 131 | 393 | 524 | |
Total return per share |
|||||||
| Basic (pence) | 22.1p | 62.8p | 84.9p | 21.8p | 65.2p | 87.0p | |
| Diluted (pence) | 21.3p | 60.7p | 82.0p | 21.2p | 63.8p | 85.0p | |
| The cumulative effects of the prior year adjustments are explained in note 42. | |||||||