Profit and loss accounts and balance sheets in accordance with UK GAAP.
| |
|
|
Restated |
Restated |
| |
2004 |
2003 |
2202 |
2001 |
| Profit and loss accounts |
£m |
£m |
£m |
£m |
|
Group turnover |
2,060 |
1,879 |
1,786 |
1,692 |
| Net operating costs |
(1,490) |
(1,369) |
(1,265) |
(1,194) |
| Group operating profit |
570 |
510 |
521 |
498 |
| Share of operating profits of joint ventures |
14 |
15 |
13 |
9 |
| Exceptional items |
2 |
34 |
- |
191 |
| Net interest payable and other similar charges |
(248) |
(231) |
(231) |
(220) |
| Profit on ordinary activities before taxation |
338 |
328 |
303 |
478 |
| Tax credit/(charge) on profit on ordinary activities |
24 |
(57) |
(39) |
(68) |
| Exceptional taxation credit/(charge) |
1 |
9 |
- |
(69) |
| Profit on ordinary activities after taxation |
363 |
280 |
264 |
341 |
| Minority interest |
(2) |
(2) |
(2) |
- |
| Profit for financial year |
361 |
278 |
262 |
341 |
| Dividends |
(315) |
(265) |
(261) |
(255) |
| Retained profit/(loss) for the financial year |
46 |
13 |
1 |
86 |
| |
|
|
|
|
| Balance sheets |
|
|
|
|
| Fixed assets |
7,959 |
7,216 |
6,833 |
6,586 |
| Net current assets/(liabilities) |
186 |
(249) |
(510) |
(634) |
|
Amounts falling due after more than one year |
(4,702) |
(4,071) |
(3,478) |
(3,093) |
| Provisions for liabilities and charges |
(340) |
(345) |
(311) |
(262) |
| Net assets |
3,103 |
2,551 |
2,534 |
2,597 |
| |
|
|
|
|
| Equity share capital and share premium |
1,735 |
1,231 |
1,227 |
1,209 |
| Reserves and retained profits |
1,348 |
1,303 |
1,292 |
1,374 |
| Minority interest |
20 |
17 |
15 |
14 |
| Capital employed |
3,103 |
2,551 |
2,534 |
2,597 |
For more information contact :
Darren Jameson - Head of Investor Relations
T:01925 237 033
F:01925 237 037
E:
darren.jameson@uuplc.co.uk