Profit and Loss Account
Balance Sheet
Cash Flow Statement
Source: Extract from Annual Report 2005 (22/02/2006)
as at 31 December
| | |
2005 |
2004 |
|---|
| | Notes |
£m |
£m |
|---|
| Profit/(loss) for the year |
|
|
|
|---|
| Continuing operations | |
583 |
457 |
|---|
| Discontinued operations | |
(28) |
(454) |
|---|
| | |
555 |
3 |
|---|
| Taxation expense (includes £1m (2004 £7m) from discontinued operations) | |
114 |
175 |
|---|
| Share of results of equity accounted investments | |
(213) |
(216) |
|---|
| Net finance costs (includes £3m (2004 £nil) from discontinued operations) | |
207 |
149 |
|---|
| Depreciation,amortisation and impairment | |
524 |
861 |
|---|
| (Gain)/loss on disposal of property,plant and equipment | 4 |
2 |
12 |
|---|
| (Gain)/loss on disposal of investment property | 5 |
(43) |
(40) |
|---|
| (Gain)/loss on disposal of business – continuing operations | 4 |
12 |
– |
|---|
| (Gain)/loss on disposal of business – discontinued operations | 9 |
8 |
– |
|---|
| Impairment of other investments | |
2 |
5 |
|---|
| Cost of equity-settled employee share schemes | |
16 |
8 |
|---|
| Movements in provisions | |
99 |
46 |
|---|
| Increase in liabilities for retirement benefit obligations | |
(98) |
(7) |
|---|
| (Increase)/decrease in working capital: | |
|
|
|---|
| Inventories | |
54 |
(58) |
|---|
| Trade and other receivables | |
(4) |
703 |
|---|
| Trade and other payables | |
864 |
709 |
|---|
| Cash inflow from operating activities | |
2,099 |
2,350 |
|---|
| Interest paid | |
(213) |
(197) |
|---|
| Interest element of finance lease rental payments | |
(17) |
(27) |
|---|
| Taxation paid | |
(27) |
(31) |
|---|
| Net cash inflow from operating activities |
|
1,842 |
2,095 |
|---|
| Dividends received from equity accounted investments | |
88 |
69 |
|---|
| Interest received | |
99 |
66 |
|---|
| Purchases of property,plant and equipment | |
(318) |
(343) |
|---|
| Capital expenditure on investment property | |
(12) |
– |
|---|
| Purchases of intangible assets | |
(17) |
(23) |
|---|
| Proceeds from sale of property,plant and equipment | |
30 |
81 |
|---|
| Proceeds from sale of investment property | |
54 |
50 |
|---|
| Proceeds from sale of non-current investments | |
30 |
– |
|---|
| Purchase of non-current other investments | |
(17) |
(50) |
|---|
| Purchase of subsidiary undertakings | 29 |
(2,262) |
(663) |
|---|
| Net cash acquired with subsidiary undertakings | 29 |
128 |
113 |
|---|
| Proceeds from sale of subsidiary undertakings | |
460 |
– |
|---|
| Cash and cash equivalents disposed of with subsidiary undertakings | |
1 |
– |
|---|
| Proceeds from sale of equity accounted investments | |
125 |
– |
|---|
| Net proceeds from sale/(purchase) of other deposits/securities | |
45 |
(51) |
|---|
| Net cash outflow from investing activities |
|
(1,566) |
(751) |
|---|
| Capital element of finance lease rental payments | |
(89) |
(141) |
|---|
| Proceeds from issue of share capital | 27 |
373 |
– |
|---|
| Equity dividends paid | 30 |
(315) |
(281) |
|---|
| Dividends paid on preference shares | |
(21) |
(21) |
|---|
| Cash inflow from loans | |
1,005 |
– |
|---|
| Cash outflow from repayment of loans | |
(357) |
(219) |
|---|
| Net cash inflow/(outflow) from financing activities |
|
596 |
(662) |
|---|
| Net increase in cash and cash equivalents |
|
872 |
682 |
|---|
| Cash and cash equivalents at 1 January | |
1,650 |
970 |
|---|
| Effect of foreign exchange rate changes on cash and cash equivalents | |
(31) |
(2) |
|---|
| Cash and cash equivalents at 31 December |
|
2,491 |
1,650 |
|---|
| Cash and cash equivalents | |
2,581 |
1,651 |
|---|
| Overdrafts | |
(90) |
(1) |
|---|
| Cash and cash equivalents at 31 December |
|
2,491 |
1,650 |
|---|
View the notes to the Key Financial Data (PDF - 209kb)
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