Elementis
Interim Report 2003

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Consolidated profit & loss account
  Note Before
goodwill
amortisation &
exceptionals
£million
  Goodwill
amortisation
£million
  Exceptionals
£million
  2003 Six
months
to 30 June
£million
  2002
Six
months
to 30 June
£million
  2002
Year
to 31 Dec
£million
 
Turnover 2 188.7   -   -   188.7   194.5   364.9  
Group operating profit/(loss)                          
Before goodwill amotisation and exceptionals   14.5   -   -   14.5   14.5   20.4  
Goodwill amortisation
2
-   (6.3 ) -   (6.3 ) (7.0 ) (13.5 )
Exceptionals   -   -   (0.9 ) (0.9 ) 0.5   (44.7 )
 
2
14.5   (6.3 ) (0.9 ) 7.3   8.0   (37.8 )
Associates   -   -   -   -       0.1  
Operating profit/(loss)   14.5   (6.3 ) (0.9 ) 7.3   8.0   (37.7 )
Profit on disposal of properties – continuing operations   -   -   -   -   1.4   4.8  
Profit on disposal of properties – discontinued
operations
      0.8   0.8   -   1.4

 

Loss on disposal of businesses – continuing operations           (2.9 ) (2.9 )
(Loss)/profit on disposal of business – discontinued operations           (0.7 ) 1.0  
Profit/(loss) on ordinary activities before interest   14.5   (6.3 ) (0.1 ) 8.1   5.8   (33.4 )
Net interest payable 3 (3.1 )     (3.1 ) (1.2 ) (0.8 )
Profit/(loss) on ordinary activities before tax                          
Before goodwill amortisation and exceptionals   11.4       11.4   13.3   19.7  
Goodwill amortisation     (6.3 )   (6.3 ) (7.0 ) (13.5 )
Exceptionals
      (0.1 ) (0.1 ) (1.7 ) (40.4

)


  11.4   (6.3 ) (0.1 ) 5.0   4.6   (34.2

)

Tax on profit/(loss) on ordinary activities 4 (2.9 ) 2.3   (0.2 ) (0.8 ) (0.1 ) 3.5  
Profit on ordinary activities after tax   8.5   (4.0 ) (0.3 ) 4.2   4.5   (30.7 )
Minority interests – equity           (0.1 ) (0.1 )
Profit/(loss) for the financial period   8.5   (4.0 ) (0.3 ) 4.2   4.4   (30.8 )
Basic and diluted earnings/(loss) per share 5                        
Earnings/(loss) per ordinary share               1.0p   1.0p   (7.1p )
Earnings per ordinary share before goodwill
amortisation and exceptionals
  2.0p           2.0p   2.4p   3.4p  

Turnover and operating profit in the current financial period are derived from continuing operations.


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