Consolidated Profit and Loss Accounts for the years ended 31 March
   
 
2003 
2002 
Notes 
US$m 
US$m 
Turnover (including share of associates' turnover)
9,112 
4,364 
  Continuing operations
5,639 
4,364 
  Acquisitions
3,473 
– 
Less: share of associates' turnover (all continuing)
(817)
(647)
Group turnover
3 
8,295 
3,717 
Net operating costs
 (7,492)
(3,098)
Group operating profit
803 
619 
  Continuing operations
(i) 
780 
619 
  Acquisitions 
23 
– 
Share of operating profit of associates (all continuing)
3 
126 
85 
Profit on partial disposal of subsidiary
5 
– 
Profit on ordinary activities before interest    
   and taxation
933 
704 
Net interest payable
6 
(163)
(98)
Group
(142)
(83)
Associates
(21)
(15)
     
Profit on ordinary activities before taxation
770 
606 
Taxation on profit on ordinary activities
7 
(349)
(208)
Profit on ordinary activities after taxation
421 
398 
Equity minority interests
(125)
(105)
Profit for the financial year
24 
296 
293 
Dividends
10 
(283)
(187)
Retained profit for the financial year
13 
106 
 
 
 
Basic earnings per share (US cents)
11 
27.5 
40.7 
Headline earnings per share (US cents)
11 
52.6 
48.0 
Adjusted basic earnings per share (US cents)
11 
54.0 
48.7 
Diluted earnings per share (US cents)
11 
27.8 
40.3 
Adjusted diluted earnings per share (US cents)
11 
52.7 
47.7 
Dividends per share (US cents)
10 
25.0 
25.0 
     

On 9 July 2002, the group acquired the entire issued share capital of Miller Brewing Company, the results of which are shown as acquisitions in the table above. During the year and the previous year, the group made a number of other acquisitions and increased its shareholdings in several subsidiaries. As disclosed in note 29, these acquisitions were material to individual business segments but they were not material to the group as a whole. All operations are continuing.

There is no material difference between the results disclosed above and those disclosable on an unmodified historical cost basis.

The notes on pages 64 to 116 form part of the financial statements.