BOC Report and accounts 2005 - Alle jaarverslagen

86 The BOC Group plc Annual report and accounts 2005
Group profit and loss account
Years ended 30 September
2005 2004 2003
Before After Before After Before After
exceptional Exceptional exceptional exceptional Exceptional exceptional exceptional Exceptional exceptional
items items items items items items items items items
Notes £ million £ million £ million £ million £ million £ million £ million £ million £ million
Turnover, including share of
joint ventures and associates 1 4,605.0 – 4,605.0 4,599.3 – 4,599.3 4,323.2 – 4,323.2
Less: Share of turnover of joint ventures 727.8 – 727.8 647.0 – 647.0 544.3 – 544.3
Share of turnover of associates 122.5 – 122.5 66.9 – 66.9 60.6 – 60.6
Turnover of subsidiary undertakings 3,754.7 – 3,754.7 3,885.4 – 3,885.4 3,718.3 – 3,718.3
Cost of sales 2(a) (2,161.6) – (2,161.6) (2,181.7) – (2,181.7) (2,136.2) (1.7) (2,137.9)
Gross profit 1,593.1 – 1,593.1 1,703.7 – 1,703.7 1,582.1 (1.7) 1,580.4
Net operating expenses 2(a) (1,156.5) (20.7) (1,177.2) (1,239.3) (14.8) (1,254.1) (1,174.7) (58.5) (1,233.2)
Operating profit of subsidiary undertakings 436.6 (20.7) 415.9 464.4 (14.8) 449.6 407.4 (60.2) 347.2
Share of operating profit of joint ventures 107.1 – 107.1 99.4 (2.6) 96.8 86.8 (6.8) 80.0
Share of operating profit of associates 20.5 – 20.5 13.1 – 13.1 11.4 – 11.4
Total operating profit including
share of joint ventures and associates 1 564.2 (20.7) 543.5 576.9 (17.4) 559.5 505.6 (67.0) 438.6
Profit/(loss) on termination/disposal
of businesses – continuing operations 2(b) – 98.1 98.1 – (79.5) (79.5) – – –
Profit on disposal of fixed assets
– continuing operations 2(b) – 10.5 10.5 – 4.9 4.9 – – –
Profit on ordinary activities before interest 564.2 87.9 652.1 576.9 (92.0) 484.9 505.6 (67.0) 438.6
Interest on net debt 3 (76.7) – (76.7) (88.4) – (88.4) (96.1) – (96.1)
Interest on pension scheme liabilities 8(a) (128.9) – (128.9) (117.4) – (117.4) (110.2) – (110.2)
Expected return on pension scheme assets 8(a) 147.1 – 147.1 133.2 – 133.2 119.6 – 119.6
Other net financing income 18.2 – 18.2 15.8 – 15.8 9.4 – 9.4
Profit on ordinary activities before tax 505.7 87.9 593.6 504.3 (92.0) 412.3 418.9 (67.0) 351.9
Tax on profit on ordinary activities 4(a) (131.5) (28.4) (159.9) (146.2) 44.5 (101.7) (121.4) 25.0 (96.4)
Profit on ordinary activities after tax 374.2 59.5 433.7 358.1 (47.5) 310.6 297.5 (42.0) 255.5
Minority interests – equity (40.0) (26.7) (66.7) (46.6) – (46.6) (36.8) 0.4 (36.4)
Profit for the financial year 334.2 32.8 367.0 311.5 (47.5) 264.0 260.7 (41.6) 219.1
Dividends 9 (204.1) – (204.1) (197.3) – (197.3) (192.1) – (192.1)
Retained profit for the financial year 130.1 32.8 162.9 114.2 (47.5) 66.7 68.6 (41.6) 27.0
Earnings per 25p Ordinary share 10
– basic 67.5p 6.6p 74.1p 63.2p (9.7)p 53.5p 52.9p (8.4)p 44.5p
– diluted 67.3p 6.6p 73.9p 63.1p (9.6)p 53.5p 52.9p (8.4)p 44.5p
All turnover and operating profit arose from continuing operations.
Acquisitions in 2005 were not material.