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Report of the directors
Financial analysis
Statement of director's responsibility
Report of the auditors
Five year financial summary
Quarterly analysis of turnover and profit
Account policies
Group profit and loss account
Group statement of total recognised gains and losses
Group cash flow statement
Group balance sheet
Balance sheet of the company
Notes to the financial statements
Participating interests
United States Generally Accepted Accounting Principles reconciliations
Financial statistics
Operational statistics

Analysis of shareholders
Financial calender and supplementary information

Director's Report ans Financial Statements 1993Director's Report ans Financial Statements 1993 illustration of bird's eye view of houses
 

Group profit and loss account
for the year ended 31 March 1993

 
   
  Notes 1993
£m
1992
£m
 
  Turnover     1 13,242 13,337
  Operating costs (a)     2 10,793 9,922
 
  Operating profit       2,449 3,415
  Loss on sale of subsidiary undertakings     3 132 -
 
  Profit before employee share ownership scheme and interest       2,317 3,415
  Employee share ownership scheme     4 33 38
  Interest receivable     5 (251) (258)
  Interest payable     5 507 562
  Premium on repurchase of bonds     5 56 -
 
  Profit on ordinary activities before taxation       1,972 3,073
  Tax on profit on ordinary activities     6 724 999
 
  Profit on ordinary activities after taxation       1,248 2,074
  Minority interests       28 30
 
  Profit attributable to shareholders       1,220 2,044
  Dividends     7 967 888
 
  Retained profit for the financial year     20 253 1,156
 
  Earnings per share     8 19.8p 33.2p
  (a) including redundancy charges       1,034 30
 



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