: consolidated profit and loss account :
year ended 31 Dec 2000
| 2000 | 1999 restated | ||||||
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| all figures in £ millions | results from operations | other items | total | results from operations | other items | total | note |
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| Sales (including share of joint ventures) | 3,537 | | 3,537 | 3,332 | | 3,332 | |
| Less: share of joint ventures | (17) | | (17) | | | | |
| Continuing operations | 3,520 | | 3,520 | 3,332 | | 3,332 | |
| Acquisitions | 354 | | 354 | | | | |
| Total sales | 3,874 | | 3,874 | 3,332 | | 3,332 | 2 |
| Cost of sales | (1,633) | (8) | (1,641) | (1,414) | (10) | (1,424) | 3 |
| Gross profit | 2,241 | (8) | 2,233 | 1,918 | (10) | 1,908 | |
| Net operating expenses | ( 1,791) | (220) | (2,011) | (1,441) | (220) | (1,661) | 3 |
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| Operating profit analysed between: | |||||||
| Continuing operations Group | 446 | (143) | 303 | 477 | (230) | 247 | |
| Acquisitions Group | 4 | (85) | (81) | | | | |
| Total operating profit Group | 450 | (228) | 222 | 477 | (230) | 247 | |
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| Share of operating loss of joint ventures: | |||||||
| Continuing operations | (21) | | (21) | | | | |
| Total share of operating loss of joint ventures | (21) | | (21) | | | | 14 |
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| Share of operating profit of associates: | |||||||
| Continuing operations | 25 | (1) | 24 | 24 | (1) | 23 | |
| Acquisitions | 28 | (50) | (22) | | | | |
| 53 | (51) | 2 | 24 | (1) | 23 | ||
| Discontinued operations | 8 | | 8 | 48 | | 48 | |
| Total share of operating profit of associates | 61 | (51) | 10 | 72 | (1) | 71 | 15 |
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| Total operating profit analysed between: | |||||||
| Operating profit before internet enterprises | 686 | (262) | 424 | 588 | (231) | 357 | 2 |
| Internet enterprises | (196) | (17) | (213) | (39) | | (39) | 2 |
| Total operating profit | 490 | (279) | 211 | 549 | (231) | 318 | 2 |
| 2000 | 1999 restated | ||||||
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| all figures in £ millions | results from operations | other items | total | results from operations | other items | total | note |
| Total operating profit | 490 | (279) | 211 | 549 | (231) | 318 | |
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| Continuing operations: | |||||||
| (Loss)/profit on sale of fixed assets and investments | | (4) | (4) | | 349 | 349 | 4 |
| Profit/(loss) on sale of businesses and associates | | 30 | 30 | | (44) | (44) | 5 |
| Discontinued operations: | |||||||
| Profit on sale of businesses and associates | | 231 | 231 | | | | 5 |
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| | 257 | 257 | | 305 | 305 | ||
| Continuing operations: | |||||||
| (Loss)/profit on sale of businesses and associates | |||||||
| by an associate | | (3) | (3) | | 1 | 1 | 15 |
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| Profit before interest and taxation | 490 | (25) | 465 | 549 | 75 | 624 | |
| Net finance costs | |||||||
| Net interest payable Group | (154) | | (154) | (145) | | (145) | 6 |
| Net interest payable associates | (3) | | (3) | (2) | | (2) | 15 |
| Other net finance costs | | (24) | (24) | | | | 7 |
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| Total net finance costs | (157) | (24) | (181) | (147) | | (147) | |
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| Profit before taxation | 333 | (49) | 284 | 402 | 75 | 477 | |
| Taxation | (87) | (19) | (106) | (100) | (77) | (177) | 8 |
| Profit after taxation | 246 | (68) | 178 | 302 | (2) | 300 | |
| Equity minority interests | (14) | 15 | 1 | (6) | | (6) | |
| Profit for the financial year | 232 | (53) | 179 | 296 | (2) | 294 | |
| Dividends on equity shares | (164) | (138) | 9 | ||||
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| Profit retained | 15 | 156 | |||||
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| Adjusted earnings per equity share before | |||||||
| internet enterprises | 54.6p | 47.6p | 10 | ||||
| Adjusted earnings per equity share after | |||||||
| internet enterprises | 31.9p | 43.3p | 10 | ||||
| Earnings per equity share | 24.6p | 43.0p | 10 | ||||
| Diluted earnings per equity share | 24.0p | 42.4p | 10 | ||||
| Dividends per equity share | 21.4p | 20.1p | 9 | ||||
1999 has been restated to reflect the adoption of FRS16 Current Tax. Earnings per equity share and dividends per equity share in 1999 have been restated to reflect the rights issue of equity shares during 2000.
There is no difference between the profit on ordinary activities before taxation and the retained profit for the year stated above and their historical cost equivalents.
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