Year ended
31 March 2003			2003	2002
Audited			Unaudited	Unaudited
£m			£m	£m
		Statement of total recognised gains and losses
139.3		Profit on ordinary activities after taxation	75.6	52.5
		Unrealised surplus (deficit) on revaluation:
12.6		investment properties	(1.9)	(9.7)
63.4		joint ventures	22.9	29.2
(0.1)		other investments	0.2	(0.1)
75.9			21.2	19.4
0.6		Exchange movements on net investments	0.3	0.2
		Taxation on realisation of prior year revaluations	(4.8)
215.8		Total recognised gains and losses relating to the financial period	92.3	72.1
Year ended
31 March 2003			2003	2002
Audited			Unaudited	Unaudited
£m			£m	£m
		Note of historical cost profits and losses
172.4		Profit on ordinary activities before taxation	87.1	65.3
17.7		Realisation of prior year revaluations	30.9	2.0
		Taxation on realisation of prior year revaluations	(4.8)
190.1		Historical cost profit on ordinary activities before taxation	113.2	67.3
91.1		Historical cost profit for the period retained after taxation and dividends	80.1	33.2
Year ended
31 March 2003			2003	2002
Audited			Unaudited	Unaudited
£m			£m	£m
		Reconciliation of movements in shareholders’ funds
139.3		Profit on ordinary activities after taxation	75.6	52.5
(65.9)		Ordinary dividends	(21.6)	(21.3)
73.4		Retained profit for the period	54.0	31.2
75.9		Revaluation of investment properties and investments	21.2	19.4
0.6		Exchange movements on net investments	0.3	0.2
		Taxation on realisation of prior year revaluations	(4.8)
149.9			70.7	50.8
1.6		Shares issued	0.2	1.5
(130.1)		Purchase and cancellation of own shares	(5.0)	(2.6)
21.4		Increase in shareholders’ funds	65.9	49.7
4,107.9		Opening shareholders’ funds	4,129.3	4,107.9
4,129.3		Closing shareholders’ funds	4,195.2	4,157.6

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