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Consolidated profit and loss account

  
For the year ended 31 March
Notes
2003
£m
2002
£m
Turnover      
Continuing operations  
4,258
4,623
Discontinued operations  
760
2,349
 
1
5,018
6,972
Operating profit before exceptional items, goodwill amortisation and goodwill impairment      
Continuing operations
250
312
Discontinued operations
80
237
 
1
330
549
Operating exceptional items      
Restructuring costs
2
(119)
(223)
Market related write downs
2
-
(76)
 
1
(119)
(299)
Operating profit before goodwill amortisation and goodwill impairment
  
211
250
Goodwill amortisation
1
(122)
(124)
Goodwill impairment
2
(585)
-
Operating (loss)/profit
(496)
126
Share of operating profits of associated undertakings
  
   
  
Discontinued operations
7
-
2
  
Total operating (loss)/profit          
Continuing operations
3
(572)
(63)
Discontinued operations
3
76
191
 
3
(496)
128
Corporate exceptional items      
Fundamental reorganisation costs
2
-
(172)
Costs of closure
2
(29)
(45)
Loss on sale of fixed assets
2
(12)
(34)
Loss on disposal of operations
2
(741)
(565)
Loss on ordinary activities before interest and taxation
1
(1,278)
(688)
Net interest payable and similar charges
8
(113)
(170)
Loss on ordinary activities before taxation
4
(1,391)
(858)
Tax on loss on ordinary activities
9
(57)
(9)
Loss on ordinary activities after taxation  
(1,448)
(867)
Minority interests – equity  
6
(2)
Loss for the financial year
24
(1,442)
(869)
Dividends
11
(35)
(70)
Retained loss for the financial year
(1,477)
(939)
Loss per share (basic and diluted)
12
(41.2)p
(24.8)p
Earnings per share (continuing operations before exceptional items, goodwill amortisation and goodwill impairment)
12
2.2p
2.8p
Average exchange rates for the year      
US$ to £1  
1.54
1.43
Euro to £1  
1.56
1.62
Yen to £1  
188.14
179.68
The results for the financial year have been translated into sterling at the appropriate average exchange rates.