| for the year ended 31
March 2002 |
 |
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Notes |
2002
Before
Exceptional
Items
£m |
2002
Exceptional
Items
(Note 5)
£m |
2002
Total
£m |
2001
(Restated)
(Note 1)
£m |
|
|
|
|
|
|
| Turnover – continuing operations |
|
6,457.3 |
- |
6,457.3 |
6,040.6 |
| Cost of sales |
|
(3,868.9) |
- |
(3,868.9) |
(3,638.0) |
|
|
|
|
|
|
| Gross profit |
|
2,588.4 |
- |
2,588.4 |
2,402.6 |
|
|
|
|
|
|
|
|
|
|
|
|
| Net operating expenses before
goodwill charge |
|
(2,028.3) |
(36.4) |
(2,064.7) |
(1,925.0) |
| Goodwill charge |
|
(99.4) |
(27.5) |
(126.9) |
(92.3) |
|
|
|
|
|
|
| Net operating expenses |
4 |
(2,127.7) |
(63.9) |
(2,191.6) |
(2,017.3) |
|
|
|
|
|
|
| Operating profit – continuing operations |
|
460.7 |
(63.9) |
396.8 |
385.3 |
| Share of operating profit of BL Universal
PLC (joint venture) |
|
24.8 |
- |
24.8 |
29.6 |
| Share of operating profit of associated
undertakings |
|
33.7 |
- |
33.7 |
11.6 |
| (Loss) /profit on sale of fixed asset investments |
|
- |
(2.1) |
(2.1) |
4.6 |
|
|
|
|
|
|
| Trading profit |
|
519.2 |
(66.0) |
453.2 |
431.1 |
| Loss on sale of businesses |
|
- |
(6.6) |
(6.6) |
(50.3) |
|
|
|
|
|
|
| Profit on ordinary activities before
interest |
|
519.2 |
(72.6) |
446.6 |
380.8 |
| Net interest |
6 |
(66.5) |
- |
(66.5) |
(71.0) |
|
|
|
|
|
|
| Profit on ordinary activities before
taxation |
7 |
452.7 |
(72.6) |
380.1 |
309.8 |
|
|
|
|
|
|
| Tax on profit on ordinary activities |
8 |
|
|
(122.1) |
(106.1) |
|
|
|
|
|
|
| Profit on ordinary activities after taxation |
9 |
|
|
258.0 |
203.7 |
| Equity minority interests |
|
|
|
(1.4) |
- |
|
|
|
|
|
|
| Profit for the year |
|
|
|
256.6 |
203.7 |
| Dividends |
10 |
|
|
(216.4) |
(209.9) |
|
|
|
|
|
|
| Retained profit/(loss) for the year |
|
|
|
40.2 |
(6.2) |
|
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|
|
| Earnings per share |
11 |
|
|
|
|
| – Basic |
|
|
|
25.7p |
20.3p |
| – Diluted |
|
|
|
25.5p |
20.3p |
|
|
|
|
|
|
| Earnings per share before amortisation of
goodwill and exceptional items |
11 |
|
|
|
|
| – Basic |
|
|
|
47.7p |
37.2p |
| – Diluted |
|
|
|
41.4p |
37.2p |
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|
