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Year to 31 August 1999 | Year to 31 August 1999 | ||||||||||||
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| Before exceptional items £m |
Exceptional items £m |
Total £m |
Before exceptional items £m |
Exceptional items £m |
Total £m |
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| Continuing operations | 2,408 | – | 2,408 | 2,398 | – | 2,398 | ||||||||
| Discontinued operations | 1,695 | – | 1,695 | 1,910 | – | 1,910 | ||||||||
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| Group turnover and share of turnover of joint venture | 4,103 | – | 4,103 | 4,308 | – | 4,308 | ||||||||
| Less: share of turnover of joint venture undertaking – discontinued operation |
(624) | – | (624) | – | – | – | ||||||||
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| Turnover | 3,479 | – | 3,479 | 4,308 | – | 4,308 | ||||||||
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| Operating profit – continuing operations – discontinued operations |
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| 641 | (235) | 406 | 699 | (87) | 612 | |||||||||
| Share of profits of joint venture undertaking – discontinued operation |
7 | (14) | (7) | – | – | – | ||||||||
| Share of profits of associated undertakings | 23 | (4) | 19 | 22 | – | 22 | ||||||||
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| Trading profit | 671 | (253) | 418 | 721 | (87) | 634 | ||||||||
| Profit/(loss) on sale of fixed assets and businesses in continuing and discontinued operations | – | 167 | 167 | – | (37) | (37) | ||||||||
| Finance charges | (92) | (272) | (364) | (106) | (36) | (142) | ||||||||
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| Profit on ordinary activities before taxation | 579 | (358) | 221 | 615 | (160) | 455 | ||||||||
| Taxation | (150) | 11 | (139) | (160) | – | (160) | ||||||||
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| Profit on ordinary activities after taxation | 429 | (347) | 82 | 455 | (160) | 295 | ||||||||
| Minority interests and preference dividends | (6) | – | (6) | (21) | – | (21) | ||||||||
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| Profit earned for ordinary shareholders for the year | 423 | (347) | 76 | 434 | (160) | 274 | ||||||||
| Ordinary dividends | (157) | (266) | ||||||||||||
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| Retained (loss)/profit | (81) | 8 | ||||||||||||
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| Earnings per share (pence) | 40.4 | (33.1) | 7.3 | 41.7 | (15.4) | 26.3 | ||||||||
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| Directors' emoluments excluding pension contributions and compensation for loss of office amounted to £4.6m (1998: £2.8m). | ||||||||||||||