| |
2003 |
2002 |
| |
£m |
£m |
|
| Statement of total recognised gains and losses |
|
|
| Profit on ordinary activities after taxation |
139.3 |
159.4 |
| |
|
| Unrealised surplus (deficit) on revaluation: |
|
|
| – investment properties |
12.6 |
58.9 |
| – joint ventures |
63.4 |
48.8 |
| – other investments |
(0.1) |
(0.1) |
| |
|
| |
75.9 |
107.6 |
| |
|
| Exchange movements on net investments |
0.6 |
(0.5) |
| Taxation on realisation of prior year revaluations |
|
(9.7) |
|
| Total recognised gains and losses relating to the financial year |
215.8 |
256.8 |
|
| |
| |
2003 |
2002 |
| |
£m |
£m |
|
| Note of historical cost profits and losses |
|
|
| Profit on ordinary activities before taxation |
172.4 |
171.3 |
| Realisation of prior year revaluations |
17.7 |
33.6 |
| Taxation on realisation of prior year revaluations |
|
(9.7) |
|
| Historical cost profit on ordinary activities before taxation |
190.1 |
195.2 |
|
| Historical cost profit for the year retained after taxation and
dividends |
91.1 |
119.0 |
|
| |
| |
2003 |
2002 |
| |
£m |
£m |
|
| Reconciliation of movements in shareholders’ funds |
|
| Profit on ordinary activities after taxation |
139.3 |
159.4 |
| Ordinary dividends |
(65.9) |
(64.3) |
| |
|
| Retained profit for the year |
73.4 |
95.1 |
| Revaluation of investment properties and investments |
75.9 |
107.6 |
| Exchange movements on net investments |
0.6 |
(0.5) |
| Taxation on realisation of prior year revaluations |
|
(9.7) |
| |
|
| |
149.9 |
192.5 |
| Shares issued |
1.6 |
0.9 |
| Purchase and cancellation of own shares |
(130.1) |
|
| |
|
| Increase in shareholders’ funds |
21.4 |
193.4 |
| Opening shareholders’ funds |
4,107.9 |
3,914.5 |
|
| Closing shareholders’ funds |
4,129.3 |
4,107.9 |
|
