Annual Report 2002
Overview
Chairman's
statement Centrica
at a glance Chief
executive's review Operating
and financial review Group
financial review Corporate
responsibility Board
of directors Directors'
report Remuneration
report Directors’
responsibilities Independent
auditors' report Financial
statements
Notes
Gas
and liquids reserves
Five
year summary
Information
for shareholders
Key
performance indicators
Summary report
Chairman's
statement Centrica
at a glance Chief
executive's review Operating
and financial review Group
financial review Corporate
responsibility Board
of directors Directors'
report Remuneration
report Directors’
responsibilities Independent
auditors' report Financial
statements
Notes
Gas
and liquids reserves
Five
year summary
Information
for shareholders
Key
performance indicators
Summary report
Financial statements
Group profit and
loss account
Year ended 31 December
| Notes | 2002 | 2001 | ||||||
|---|---|---|---|---|---|---|---|---|
| Results for the year before goodwill amortisation
and exceptional charges £m |
Goodwill amortisation and exceptional charges £m |
Results for the year £m |
Results for the year before
goodwill amortisation and exceptional charges £m |
Goodwill amortisation and exceptional
charges £m |
Results for the year £m |
|||
| Turnover: | ||||||||
| Continuing operations before acquisitions | 14,003 | – | 14,003 | 12,611 | – | 12,611 | ||
| Acquisitions | 312 | – | 312 | |||||
| Continuing operations | 14,315 | – | 14,315 | 12,611 | – | 12,611 | ||
| Share of joint ventures’ turnover | 207 | – | 207 | 229 | – | 229 | ||
| Group and share of joint ventures’ turnover | 14,522 | – | 14,522 | 12,840 | – | 12,840 | ||
| Less share of joint ventures’ turnover | (207) | – | (207) | (229) | – | (229) | ||
| Group turnover | 3 | 14,315 | – | 14,315 | 12,611 | – | 12,611 | |
| Cost of sales | 4 | (11,328) | – | (11,328) | (10,224) | – | (10,224) | |
| Gross profit | 2,987 | – | 2,987 | 2,387 | – | 2,387 | ||
| Operating costs: | ||||||||
| Exceptional items | 5 | – | – | – | – | (80) | (80) | |
| Other | (2,108) | (116) | (2,224) | (1,755) | (86) | (1,841) | ||
| 4 | (2,108) | (116) | (2,224) | (1,755) | (166) | (1,921) | ||
| Group operating profit: | ||||||||
| Continuing operations before acquisitions | 857 | (104) | 753 | 632 | (166) | 466 | ||
| Acquisitions | 22 | (12) | 10 | |||||
| Continuing operations | 879 | (116) | 763 | 632 | (166) | 466 | ||
| Share of operating profit in joint ventures and associates – continuing operations | 3 | 53 | (7) | 46 | 47 | (2) | 45 | |
| Operating profit including joint ventures and associates: | ||||||||
| Continuing operations before acquisitions | 910 | (111) | 799 | 679 | (168) | 511 | ||
| Acquisitions | 22 | (12) | 10 | |||||
| Continuing operations | 3 | 932 | (123) | 809 | 679 | (168) | 511 | |
| Loss on disposal of business | 5 | – | (14) | (14) | – | – | – | |
| Loss on disposal of fixed assets | 5 | – | (14) | (14) | – | – | – | |
| Net interest payable: | ||||||||
| Group | (47) | – | (47) | (32) | – | (32) | ||
| Share of joint ventures and associates | (15) | – | (15) | (11) | – | (11) | ||
| 7 | (62) | – | (62) | (43) | – | (43) | ||
| Profit on ordinary activities before taxation | 870 | (151) | 719 | 636 | (168) | 468 | ||
| Taxation on profit on ordinary activities | 8 | (243) | (7) | (250) | (164) | 9 | (155) | |
| Profit on ordinary activities after taxation for the financial year | 627 | (158) | 469 | 472 | (159) | 313 | ||
| Minority interests (equity and non-equity) | 23 | 9 | – | 9 | 10 | – | 10 | |
| Profit attributable to the group | 636 | (158) | 478 | 482 | (159) | 323 | ||
| Dividends | 9 | (172) | (124) | |||||
| Transfer to reserves | 21 | 306 | 199 | |||||
| Pence | Pence | Pence | Pence | |||||
| Earnings per ordinary share | ||||||||
| basic | 10 | 11.4 | 8.1 | |||||
| diluted | 10 | 11.3 | 8.0 | |||||
| adjusted basic | 10 | 15.2 | 12.1 | |||||
The notes form part of these financial statements.
Accessibility tools
Centrica is committed to producing websites that are accessible for all. Customise the Annual Report.
Font Size:
Downloads/tools
© Centrica 2003 Disclaimer Annual Report published 25 March 2003