Financial Statements

(c) Company profit for the financial year after tax

Accounting basis

The Company has not presented its own profit and loss account as permitted by Section 230 of the Companies Act 1985. The profit after tax for the year was £860m (2005: profit - £147m).

Staff costs, employee numbers and details of share-based schemes are included in the remuneration report and notes 8 and 20 of the consolidated financial statements.

Audit fees in relation to the Parent Company were £0.5m (2005: £0.5m).