Smiths Group plc Annual Review 2003

SUMMARY CONSOLIDATED PROFIT AND LOSS ACCOUNT


	Year ended 31 July 2002 (restated)



	Ordinary activities £m	Discontinued businesses £m	Goodwill amortisation and impairment £m	Exceptional items £m	Total £m



Continuing operations	2,588.4				2,588.4
Acquisitions
Discontinued businesses		635.1			635.1



Turnover	2,588.4	635.1			3,223.5



Continuing operations	364.1		(38.8)	(43.7)	281.6
Acquisitions
Discontinued businesses		64.0	(11.9)		52.1



Operating profit	364.1	64.0	(50.7)	(43.7)	333.7
Exceptional items
– profit/(loss) on disposal of businesses				(24.3)	(24.3)
– write-down of goodwill on anticipated future disposal



Profit before interest and tax	364.1	64.0	(50.7)	(68.0)	309.4
Net interest payable	(25.7)	(31.8)			(57.5)
Other finance (costs)/income
– retirement benefits	25.5				25.5



Profit/(loss) before taxation	363.9	32.2	(50.7)	(68.0)	277.4
Taxation	(101.9)	(9.0)	3.8	16.1	(91.0)



Profit/(loss) after taxation	262.0	23.2	(46.9)	(51.9)	186.4
Minority interests	(1.1)	(0.2)			(1.3)



Profit/(loss) for the period	260.9	23.0	(46.9)	(51.9)	185.1
Dividends	(142.2)				(142.2)



Retained profit/(loss)	118.7	23.0	(46.9)	(51.9)	42.9



Earnings/(loss) per share
Basic	46.9p	4.1p	(8.4p)	(9.3p)	33.3p
Diluted	46.8p	4.1p	(8.4p)	(9.3p)	33.2p