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Directors' responsibilities statement
Independent auditor's report
Consolidated profit & loss account
Balance sheet
Consolidated Cash flow statement
Reconciliation of net cash flow to movement in net borrowings
Consolidated statement of total recognised gains and losses
Reconciliation of movements in shareholders' funds
Five year record
Shareholder services
Financial calendar
Information for calculation of capital gains tax
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Consolidated profit & loss account
for the year ended 31 December 2004
Note
Before goodwill amortisation & exceptionals £million
Goodwill amortisation & exceptionals £million
2004 £million
Before goodwill amortisation & exceptionals £million
Goodwill amortisation & exceptionals £million
2003
£ million
Turnover
Continuing operations:
Ongoing
355.0
-
355.0
368.2
-
368.2
Acquisitions
34.2
-
34.2
-
-
-
2
389.2
-
389.2
368.2
-
368.2
Operating profit/(loss)
Continuing operations:
Ongoing
10.9
(12.5
)
(1.6
)
24.5
(13.6
)
10.9
Acquisitions
0.9
(1.8
)
(0.9
)
-
-
-
Operating profit/(loss)
2,3,4
11.8
(14.3
)
(2.5
)
24.5
(13.6
)
10.9
Loss on termination of business - continuing operations
-
(2.3
)
(2.3
)
-
-
Profit on disposal of properties - continuing operations
-
2.6
2.6
-
-
Profit on disposal of properties - discontinued operations
-
-
-
-
0.8
0.8
Profit/(loss) on ordinary activities before interest
11.8
(14.0
)
(2.2
)
24.5
(12.8
)
11.7
Net interest payable
5
(3.6
)
-
(3.6
)
(1.1
)
-
(1.1
)
Other finance charges
5
(2.0
)
-
(2.0
)
(5.1
)
-
(5.1
)
Profit/(loss) on ordinary activities before tax
6.2
(14.0
)
(7.8
)
18.3
(12.8
)
5.5
Tax on profit /(loss) on ordinary activities
6
(0.2
)
0.2
-
(5.3
)
4.2
(1.1
)
Profit/(loss)on ordinary activities after tax
6.0
(13.8
)
(7.8
)
13.0
(8.6
)
4.4
Minority interests -equity
-
-
-
(0.1
)
-
(0.1
)
Profit/(loss) for the financial year transferred (from)/to reserves
22
6.0
(13.8
)
(7.8
)
12.9
(8.6
)
4.3
Earnings/(loss) per ordinary share
7
Basic and diluted
1.4
p
(1.8
p)
3.0
p
1.0
p
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