| |
|
| |
Group Income Statement |
| |
|
| |
| |
|
|
First Half 2005 |
| |
|
Notes |
Total
£ million |
Group
£ million |
Joint ventures
£ million |
| |
|
|
|
| CONTINUING OPERATIONS |
|
|
|
|
|
| Revenue |
|
3 |
192.3 |
105.4 |
86.9 |
| Cost of sales |
|
|
(159.4) |
(83.0) |
(76.4) |
| |
|
|
|
| GROSS PROFIT |
|
|
32.9 |
22.4 |
10.5 |
| |
|
|
|
|
|
| Administrative expenses |
|
|
(23.2) |
(22.1) |
(1.1) |
| Other operating income |
|
|
0.5 |
0.5 |
- |
| Share of results of associate |
|
|
(0.6) |
(0.6) |
- |
| |
|
|
|
| PROFIT FROM OPERATIONS |
|
|
9.6 |
0.2 |
9.4 |
| |
|
|
|
|
|
| Investment income |
|
4 |
60.4 |
18.4 |
42.0 |
| Finance costs |
|
4 |
(56.2) |
(14.7) |
(41.5) |
| |
|
|
|
| PROFIT BEFORE TAX |
|
3 |
13.8 |
3.9 |
9.9 |
| Tax |
|
5 |
(5.0) |
(2.1) |
(2.9) |
| |
|
|
|
| PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS |
|
|
8.8 |
1.8 |
7.0 |
| |
|
|
|
|
|
| DISCONTINUED OPERATIONS |
|
|
|
|
|
| Loss for the period from discontinued operations (after tax) |
|
6 |
(0.6) |
(0.6) |
- |
| |
|
|
|
| PROFIT FOR THE PERIOD |
|
|
8.2 |
1.2 |
7.0 |
| |
|
|
|
| EARNINGS PER SHARE |
|
|
|
|
|
| From continuing operations |
|
7 |
|
|
|
| Basic |
|
|
4.1p |
|
|
| Diluted |
|
|
4.1p |
|
|
| |
|
|
|
|
|
| From continuing and discontinued operations |
|
7 |
|
|
|
| Basic |
|
|
3.7p |
|
|
| Diluted |
|
|
3.7p |
|
|
| |
|
|
|
|
|
|
| |
 |
|
|
|
| |
|
|
First Half 2004 |
| |
|
Notes |
Total
£ million |
Group
£ million |
Joint ventures
£ million |
| |
|
|
|
| CONTINUING OPERATIONS |
|
|
|
|
|
| Revenue |
|
3 |
259.2 |
139.2 |
120.0 |
| Cost of sales |
|
|
(228.4) |
(119.2) |
(109.2) |
| |
|
|
|
| GROSS PROFIT |
|
|
30.8 |
20.0 |
10.8 |
| |
|
|
|
|
|
| Administrative expenses |
|
|
(23.7) |
(20.4) |
(3.3) |
| Other operating income |
|
|
0.1 |
0.1 |
- |
| Share of results of associate |
|
|
0.5 |
0.5 |
- |
| |
|
|
|
| PROFIT FROM OPERATIONS |
|
|
7.7 |
0.2 |
7.5 |
| |
|
|
|
|
|
| Investment income |
|
4 |
40.4 |
14.3 |
26.1 |
| Finance costs |
|
4 |
(35.2) |
(10.9) |
(24.3) |
| |
|
|
|
| PROFIT BEFORE TAX |
|
3 |
12.9 |
3.6 |
9.3 |
| Tax |
|
5 |
(3.6) |
(2.2) |
(1.4) |
| |
|
|
|
| PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS |
|
|
9.3 |
1.4 |
7.9 |
| |
|
|
|
|
|
| DISCONTINUED OPERATIONS |
|
|
|
|
|
| Loss for the period from discontinued operations (after tax) |
|
6 |
(0.3) |
(0.3) |
- |
| |
|
|
|
| PROFIT FOR THE PERIOD |
|
|
9.0 |
1.1 |
7.9 |
| |
|
|
|
| EARNINGS PER SHARE |
|
|
|
|
|
| From continuing operations |
|
7 |
|
|
|
| Basic |
|
|
4.5p |
|
|
| Diluted |
|
|
4.5p |
|
|
| |
|
|
|
|
|
| From continuing and discontinued operations |
|
7 |
|
|
|
| Basic |
|
|
4.3p |
|
|
| Diluted |
|
|
4.3p |
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
| |
|
|
Full Year 2004 |
| |
|
Notes |
Total
£ million |
Group
£ million |
Joint ventures
£ million |
| |
|
|
|
| CONTINUING OPERATIONS |
|
|
|
|
|
| Revenue |
|
3 |
451.1 |
249.3 |
201.8 |
| Cost of sales |
|
|
(384.5) |
(201.0) |
(183.5) |
| |
|
|
|
| GROSS PROFIT |
|
|
66.6 |
48.3 |
18.3 |
| |
|
|
|
|
|
| Administrative expenses |
|
|
(52.7) |
(51.4) |
(1.3) |
| Other operating income |
|
|
6.9 |
6.9 |
- |
| Share of results of associate |
|
|
0.3 |
0.3 |
- |
| |
|
|
|
| PROFIT FROM OPERATIONS |
|
|
21.1 |
4.1 |
17.0 |
| |
|
|
|
|
|
| Investment income |
|
4 |
90.4 |
32.4 |
58.0 |
| Finance costs |
|
4 |
(86.5) |
(24.3) |
(62.2) |
| |
|
|
|
| PROFIT BEFORE TAX |
|
3 |
25.0 |
12.2 |
12.8 |
| Tax |
|
5 |
(7.3) |
(3.7) |
(3.6) |
| |
|
|
|
| PROFIT FOR THE PERIOD FROM CONTINUING OPERATIONS |
|
|
17.7 |
8.5 |
9.2 |
| |
|
|
|
|
|
| DISCONTINUED OPERATIONS |
|
|
|
|
|
| Loss for the period from discontinued operations (after tax) |
|
6 |
(2.5) |
(2.5) |
- |
| |
|
|
|
| PROFIT FOR THE PERIOD |
|
|
15.2 |
6.0 |
9.2 |
| |
|
|
|
| EARNINGS PER SHARE |
|
|
|
|
|
| From continuing operations |
|
7 |
|
|
|
| Basic |
|
|
8.5p |
|
|
| Diluted |
|
|
8.5p |
|
|
| |
|
|
|
|
|
| From continuing and discontinued operations |
|
7 |
|
|
|
| Basic |
|
|
7.1p |
|
|
| Diluted |
|
|
7.1p |
|
|
| |
|
|
|
|
|
|
| |
|
