Section content
- Consolidated income statement
- Consolidated statement of recognised income and expense
- Consolidated reconciliation of movements in equity
- Consolidated balance sheet
- Consolidated cash flow statement
- Notes to the financial statements
- Basis of preparation
- Independent review report to 3i Group plc
Consolidated income statement
| Notes | 6 months to 30 September 2005 (unaudited) £m |
6 months to 30 September 2004 (as restated)* (unaudited) £m |
12 months to 31 March 2005 (as restated)* (unaudited) £m |
|
|---|---|---|---|---|
| Realised profits over value on the disposal of investments | 189 | 89 | 250 | |
| Unrealised profits on the revaluation of investments | 2 | 223 | 86 | 245 |
| 412 | 175 | 495 | ||
| Portfolio income | ||||
| Dividends | 39 | 52 | 104 | |
| Income from loans and receivables | 52 | 55 | 101 | |
| Fees receivable | 18 | 19 | 27 | |
| Gross portfolio return | 1 | 521 | 301 | 727 |
| Carried interest receivable | 57 | 1 | 2 | |
| Carried interest and investment performance plans | (26) | (25) | (66) | |
| Fund management fees | 15 | 14 | 30 | |
| Operating expenses | (92) | (80) | (171) | |
| Share-based payments | (4) | (3) | (6) | |
| Net portfolio return | 471 | 208 | 516 | |
| Treasury interest receivable | 3 | 25 | 21 | 46 |
| Interest payable | 3 | (37) | (46) | (89) |
| Movements in the fair value of derivatives | (33) | 9 | 13 | |
| Finance income on pension plan | 1 | 1 | 1 | |
| Exchange movements | 4 | 35 | 32 | 13 |
| Other income | 1 | - | 1 | |
| Profit before tax | 463 | 225 | 501 | |
| Income tax | (1) | (2) | (3) | |
| Profit after tax and profit for the period | 462 | 223 | 498 | |
Earnings per share |
||||
| Basic (pence) | 5 | 79.6p | 36.9p | 82.6p |
| Diluted (pence) | 5 | 77.0p | 36.3p | 81.0p |
* As restated for the adoption of IFRS, as explained within the Basis of preparation.
The rates and amounts of dividends paid and proposed are shown in note 6.
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