Skip to main contentSkip to navigation and site tools

	Group overview Financial highlights Chairman's statement Chief executive's review Operational review Financial review Responsibilities and governance Financial statements Group profit and loss account Statement of Group total recognised gains and losses Note of Group historical cost profits Reconciliation of movement in Group shareholders' funds Group balance sheet Parent company balance sheet Group cash flow statement Notes to the financial statements Five year summary Principal subsidiary undertakings Shareholder information Download page (PDF) Add to print basket Show print basket Download centre www.gusplc.com Accessibility		for the year ended 31 March 2004 MS - Excel Format (25kb) Notes 2004 Before Exceptional Items £m 2004 Exceptional Items (Note 5) £m 2004 Total £m 2003 (Restated) (Note 1) £m Turnover   7,548 – 7,548 7,108 Continuing operations   7,279 – 7,279 5,435 Discontinued operations   269 – 269 1,673 Cost of sales 4 (4,273) – (4,273) (4,092) Gross profit   3,275 – 3,275 3,016 Net operating expenses before goodwill charge   (2,458) (5) (2,463) (2,408) Goodwill charge   (193) – (193) (162) Net operating expenses 4 (2,651) (5) (2,656) (2,570) Operating profit   624 (5) 619 446 Continuing operations   624 (5) 619 430 Discontinued operations   – – – 16 Share of operating profit of BL Universal PLC (joint venture) - discontinued operations   18 – 18 26 Share of operating profit of associated undertakings - continuing operations 46 – 46 44 Trading profit 688 (5) 683 516 Profit on disposal of shares in Burberry – continuing operations – 157 157 161 Disposal of home shopping and Reality businesses – discontinued operations: Provision for loss on disposal – – – (210) Realised loss on disposal   – (246) (246) – Less: utilisation of 2003 provision for loss on disposal – 210 210 – – (36) (36) – Loss on sale of interest in BL Universal PLC – discontinued operations – (5) (5) – Loss on sale of other businesses – continuing operations – (53) (53) – Profit on ordinary activities before interest 688 58 746 467 Net interest 6 (54) (58) Profit on ordinary activities before taxation 7 692 409 Tax on profit on ordinary activities 8 (192) (141) Profit on ordinary activities after taxation 9 500 268 Equity minority interests (27) (17) Profit for the financial year 473 251 Dividends 10 (271) (232) Retained profit for the financial year 202 19 Earnings per share 11 – Basic 47.4p 25.1p – Diluted 47.0p 25.0p Earnings per share before amortisation of goodwill and exceptional Items 11 – Basic 60.7p 47.8p – Diluted 60.1p 47.5p Back to top