Annual Review 2003
SUMMARY PERFORMANCE 2003
 
  CONTINUING ACTIVITIES
(excluding amortisation and exceptionals)
       
    2003   2002 (restated)  
    Sales
£m
Profits
£m
  Sales
£m
Profits
£m
 
  Detection 273 71   119 29  
  Medical 486 88   480 93  
  Aerospace 998 105   1,079 139  
  Specialty Engineering 872 108   910 103  
  Total sales 2,629     2,588    
  Operating profit   372     364  
  Interest   (21)     (26)  
  Pensions financing   (2)     26  
  Pre-tax profit   349     364  
  EPS   45.6p     46.9p  
               
  DISCONTINUED ACTIVITIES
(excluding amortisation and exceptionals)
           
    2003   2002 (restated)  
    Sales
£m
Profits
£m
  Sales
£m
Profits
£m
 
  Total sales 427   635    
  Operating profit 52 64  
  Interest (17) (32)  
  Pre-tax profit 35 32  
  EPS 4.5p 4.1p  
         
  CONTINUING AND DISCONTINUED ACTIVITIES        
    2003   2002 (restated)  
Sales
£m
Profits
£m
  Sales
£m
Profits
£m
 
  Total sales 3,056   3,223    
  Operating profit* 424 428  
  Interest (38) (58)  
  Pensions financing* (2) 26  
  Pre-tax profit* 384 396  
  EPS* 50.1p 51.0p  
  Amortisation of goodwill (44) (51)  
  Exceptional items (123) (68)  
  Pre-tax profit 217 277  
  EPS 20.0p 33.3p  
         
  *before goodwill amortisation and exceptionals
2002 results have been restated to reflect the adoption of FRS17
 
 
     
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