for the year ended 31st March 2005
IFRS adjustments
Notes
UK GAAP
£ million
Discontinued
operations
£ million
Associates
£ million
Other
£ million
IFRS
£ million
Revenue
4,638.5
(12.3)
-
-
4,626.2
Cost of materials sold
(3,878.5)
4.7
-
-
(3,873.8)
Net revenues
760.0
(7.6)
-
-
752.4
Other cost of sales
c,e
(389.0)
5.5
-
10.9
(372.6)
Gross profit
371.0
(2.1)
-
10.9
379.8
Distribution costs
e
(84.1)
1.0
-
1.6
(81.5)
Administrative expenses
d,e
(79.6)
0.7
-
(2.8)
(81.7)
Goodwill amortisation
b
(21.0)
0.1
-
20.9
–
Acquisition integration costs
(3.0)
–
-
-
(3.0)
Rationalisation costs
(20.5)
–
-
-
(20.5)
Loss on sale of discontinued operations
a
(15.2)
15.2
-
-
–
Loss on closure of UK gold and silver bullion refinery
(13.2)
–
-
-
(13.2)
Operating profit
134.4
14.9
-
30.6
179.9
Finance costs
f
(13.3)
-
0.3
-
(13.0)
Net return on retirement benefits assets and liabilities
e
9.2
-
-
(9.2)
–
Share of profit of associates
b,f
0.7
-
(0.3)
0.1
0.5
Profit before tax
131.0
14.9
-
21.5
167.4
Income tax expense
g
(44.0)
(2.7)
-
(0.3)
(47.0)
Profit for the year from continuing operations
87.0
12.2
-
21.2
120.4
Loss for the year from discontinued operations
a
-
(6.4)
-
–
(6.4)
Profit for the year
87.0
5.8
-
21.2
114.0
Attributable to:
Equity holders of the parent company
88.2
5.8
-
21.0
115.0
Minority interest
c
(1.2)
-
-
0.2
(1.0)
87.0
5.8
-
21.2
114.0
pence
Earnings per ordinary share attributable to the equity holders of the parent company
Continuing operations
Basic
55.9
Diluted
55.8
Total
Basic
53.0
Diluted
52.9
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