Year ended 31 March 2004		Existing operations 2004	Acquisition 2004	Total 2004	2003
Continuing operations	Notes	£m	£m	£m	£m
Turnover
Group and share of joint venture		244.5	5.9	250.4	237.3
Less: share of joint venture’s turnover		(13.3)	-	(13.3)	(11.4)
Net turnover	2	231.2	5.9	237.1	225.9
Administrative expenses
- Operating costs		(148.4)	(7.1)	(155.5)	(144.3)
- Exceptional items	3	-	-	-	(11.6)
		(148.4)	(7.1)	(155.5)	(155.9)
Operating profit
- Before exceptional items and goodwill amortisation		83.8	(0.6)	83.2	81.7
- Before exceptional items		82.8	(1.2)	81.6	81.6
- After exceptional items and goodwill amortisation		82.8	(1.2)	81.6	70.0
Share of operating profit of joint venture and income from other fixed asset investments				1.4	1.1
Net interest receivable	7			6.1	8.4
Profit on ordinary activities before taxation				89.1	79.5
Taxation on profit on ordinary activities	8			(25.7)	(26.8)
Profit on ordinary activities after taxation				63.4	52.7
Minority interests				0.3	-
Profit for the financial year	20			63.7	52.7
Dividends	9			(14.1)	(12.5)
Retained profit for the financial year				49.6	40.2
Earnings per share	10			21.7p	18.1p
Diluted earnings per share	10			21.5p	17.9p
Adjusted earnings per share	10			21.3p	20.9p
Dividend per share				4.8p	4.3p

There were no other recognised gains and losses during the two years ended 31 March 2004.

Click here to view the notes.

Note: The financial information above is an abridged version of the Group's full accounts for the years ended 31 March 2003 and 31 March 2004, each of which carry an unqualified audit report. The March 2003 accounts have been delivered to the Registrar of Companies. In order to give a true and fair reflection of the business the information above should be read in conjunction with such full accounts.