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Consolidated Profit and Loss Account
year ended 31 December 2004

Consolidated Profit and Loss Account year ended 31 December 2004
    2004   2003
All figures in £ millions Note Results from
operations
Other
items
Total   Results from
operations
Other
items
Total
Sales
(including share of joint ventures)
  3,940 - 3,940   4,066 - 4,066
Less: share of joint ventures   (21) - (21)   (18) - (18)
Sales of which 2a 3,919 - 3,919   4,048 - 4,048
Continuing operations   3,729 - 3,729   3,879 - 3,879
Discontinued operations 31 190 - 190   169 - 169
Group operating profit of which   445 (224) 221   483 (257) 226
Continuing operations   425 (215) 210   457 (251) 206
Discontinued operations 31 20 (9) 11   26 (6) 20
Share of operating profit of joint
ventures and associates of which
2c/d 10 - 10   7 (7) -
Continuing operations   8 - 8   5 (7) (2)
Discontinued operations 31 2 - 2   2 - 2
Total operating profit 2b 455 (224) 231   490 (264) 226
Continuing operations
Profit/(loss) on sale of fixed
assets and investments
4a - 12 12   - (2) (2)
Loss on sale of subsidiaries
and associates
4b - (3) (3)   - (4) (4)
Discontinued operations
Profit on sale of subsidiaries
and associates
4b - - -   - 12 12
Non operating items   - 9 9   - 6 6
Profit before interest and taxation   455 (215) 240   490 (258) 232
Net finance costs 5 (69) - (69)   (80) - (80)
Profit before taxation   386 (215) 171   410 (258) 152
Taxation 7 (117) 55 (62)   (128) 53 (75)
Profit after taxation   269 (160) 109   282 (205) 77
Equity minority interests   (30) 9 (21)   (28) 6 (22)
Profit for the financial year   239 (151) 88   254 (199) 55
Dividends on equity shares 8     (201)       (192)
Loss retained       (113)       (137)
Adjusted earnings per share 9     30.0p       32.0p
Basic earnings per share 9     11.1p       6.9p
Diluted earnings per share 9     11.0p       6.9p
Dividends per share 8     25.4p       24.2p

There is no difference between the profit before taxation and the loss retained for the year stated above and their historical cost equivalents.

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