Profit and loss account

2000

£m

1999

£m

1998

£m

1997

£m

1996

£m

Group turnover¹

5,864

4,634

4,471

4,323

3,887

Operating profit before exceptional items and net research and development

806

713

626

539

442

Operating exceptional items

(145)

—

—

—

(101)

Research and development (net)*

(371)

(337)

(310)

(268)

(217)

Group operating profit ²

290

376

316

271

124

Share of operating profit of joint ventures

76

31

17

17

12

Non-operating exceptional items

(77)

6

9

1

(147)

Net interest payable

(123)

(53)

(17)

(13)

(17)

Profit/(loss) on ordinary activities before taxation

166

360

325

276

(28)

Taxation

(83)

(74)

(65)

(51)

(16)

Profit/(loss) on ordinary activities after taxation

83

286

260

225

(44)

Equity minority interests in subsidiary undertakings

—

(2)

(2)

(1)

(3)

Profit/(loss) attributable to ordinary shareholders

83

284

258

224

(47)

Dividends

(126)

(112)

(99)

(88)

(78)

Transferred to/(from) reserves

43

172

159

136

(125)

*Research and development (gross)

(604)

(626)

(668)

(595)

(527)

¹ Group turnover

    Continuing operations

5,864

4,634

4,301

3,919

3,397

    Discontinued operations

—

—

170

404

490

² Group operating profit/(loss)

    Continuing operations

290

376

326

266

229

    Discontinued operations

—

—

(10)

5

(105)