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MS
- Excel Format (21kb)
Profit by division
| |
2000
£m | 2001
£m | 2002
£m | 2003
£m | 2004
£m |
|---|
| Continuing operations: | |
|
|
|
|
|---|
| Argos Retail Group | |
|
|
|
|
|---|
|
Argos |
139 |
169 |
212 |
241 |
298 |
|---|
| Homebase | – |
– |
– |
2 |
102 |
|---|
| Financial Services | – |
(6) |
(18) |
(13) |
(5) |
|---|
| Wehkamp | 18 |
18 |
19 |
20 |
21 |
|---|
| | 157 |
181 |
213 |
250 |
416 |
|---|
| Experian | |
|
|
|
|
|---|
| Experian North America | 145 |
156 |
155 |
171 |
180 |
|---|
| Experian International | 56 |
61 |
69 |
85 |
102 |
|---|
| | 201 |
217 |
224 |
256 |
282 |
|---|
| Burberry | 22 |
69 |
90 |
117 |
141 |
|---|
| South Africa | 46 |
31 |
31 |
32 |
44 |
|---|
| Central activities (including GGF and gusco.com) | 18 |
(3) |
(7) |
(16) |
(20) |
|---|
| | 444 |
495 |
551 |
639 |
863 |
|---|
| Discontinued operations: | |
|
|
|
|
|---|
| Argos Retail Group | 34 |
36 |
42 |
35 |
– |
|---|
| Property | 34 |
30 |
25 |
26 |
18 |
|---|
| | 68 |
66 |
67 |
61 |
18 |
|---|
| | 512 |
561 |
618 |
700 |
881 |
|---|
| Interest expense | (64) |
(74) |
(67) |
(58) |
(54) |
|---|
| Profit before amortisation of goodwill, exceptional items and taxation | 448 |
487 |
552 |
642 |
827 |
| Amortisation of goodwill | (79) |
(92) |
(99) |
(143) |
(193) |
|---|
| Exceptional items | 11 |
(85) |
(72) |
(90) |
58 |
|---|
| Profit before taxation | 380 |
310 |
380 |
409 |
692 |
|---|
| Tax on profit on ordinary activities | (105) |
(106) |
(122) |
(141) |
(192) |
|---|
| Profit after taxation | 275 |
204 |
258 |
268 |
500 |
|---|
| Equity minority interests | – |
– |
(1) |
(17) |
(27) |
|---|
| Profit for the financial year | 275 |
204 |
257 |
251 |
473 |
|---|
Balance sheet
| |
£m |
£m |
£m |
£m |
£m |
|---|
| Tangible and intangible fixed assets (other than goodwill) |
974 |
916 |
1,039 |
1,221 |
1,197 |
|---|
| Fixed asset investments |
264 |
297 |
310 |
338 |
151 |
|---|
| Working capital |
1,994 |
1,669 |
1,416 |
1,264 |
753 |
|---|
| Trading assets |
3,232 |
2,882 |
2,765 |
2,823 |
2,101 |
|---|
| Goodwill |
1,438 |
1,516 |
1,422 |
2,436 |
2,338 |
|---|
| Provision for loss on disposal of home shopping and Reality businesses |
– |
– |
– |
(210) |
– |
|---|
| Dividends and taxation |
(273) |
(221) |
(257) |
(286) |
(363) |
|---|
| Transaction consideration |
– |
(42) |
(22) |
(37) |
131 |
|---|
| Net borrowings (including non-recourse borrowings) |
(1,931) |
(1,712) |
(1,485) |
(2,086) |
(1,200) |
|---|
| Net assets |
2,466 |
2,423 |
2,423 |
2,640 |
3,007 |
|---|
Earnings and dividends
| | 2000 |
2001 |
2002 |
2003 |
2004 |
|---|
| Earnings per share |
27.4p |
20.3p |
25.7p |
25.1p |
47.4p |
|---|
| Basic earnings per share before amortisation of goodwill and exceptional items |
34.5p |
37.2p |
41.7p |
47.8p |
60.7p |
|---|
| Dividend per share |
20.6p |
21.0p |
21.7p |
23.3p |
27.0p |
|---|
| Dividend cover |
1.67 |
1.77 |
1.92 |
2.05 |
2.25 |
|---|
| Interest cover |
8.0 |
7.6 |
9.3 |
12.0 |
16.3 |
|---|
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