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Interim Report 2004
 

CONSOLIDATED PROFIT AND LOSS ACCOUNT

For the six months ended 31 March 2004

(In £’s million) Notes 6 months
ended
31 March
2004
6 months
ended
31 March
2003
Year
ended
30 September
2003
Turnover 3 5,453 5,355 11,412
Duty in turnover 3 (3,981) (3,852) (8,212)
Costs and overheads less other income   (1,070) (1,102) (2,319)
Operating profit 3 402 401 881
Group operating profit before amortisation and exceptional items   560 497 1,135
Amortisation   (103) (96) (203)
Exceptional items 4 (55) - (51)
Profit on disposal of fixed assets 4 5 9 12
Profit on ordinary activities before interest and taxation   407 410 893
Net interest   (106) (120) (237)
Profit on ordinary activities before taxation   301 290 656
Taxation 5 (110) (105) (232)
Profit on ordinary activities after taxation   191 185 424
Equity minority interests   (2) (3) (3)
Profit attributable to shareholders   189 182 421
Dividends   (109) (86) (304)
Retained profit for the period   80 96 117
Earnings per ordinary share:        
Basic 6 26.1p 25.1p 58.1p
Adjusted (before amortisation and exceptional items) 6 45.3p 37.4p 90.0p
Diluted 6 26.0p 25.0p 57.9p
Dividends per ordinary share:        
Interim   15.0p 12.0p  
Total for 2003       42.0p
All activities derive from continuing operations. There is no difference between the profit as shown above and that calculated on an historical cost basis.

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