Consolidated profit and loss accounts

Bottling AppletiseBrewery scenePilsener beer
for the years ended 31 March
 
 
 
Notes
2005
US$m
2004
US$m
Turnover (including share of associates’ turnover) 2, 3 14,543 12,645
Less: share of associates’ turnover   (1,642) (1,279)
 
Group turnover 3 12,901 11,366
Net operating costs 4 (11,152) (10,043)
 
Group operating profit   1,749 1,323
Share of operating profit of associates 3 246 189
Profit on disposal of investments 5 355
Share of associate’s profit on disposal of fixed assets 5 11
Profit on disposal of trademarks 5 13
Surplus on pension fund of disposed operation 5 47
Share of associate’s profit on disposal of a CSD business and brands in Morocco and a brand in Angola 5 7
       
Profit on ordinary activities before interest and taxation   2,361 1,579
Net interest payable 6 (167) (188)
Group   (143) (152)
Associates   (24) (36)
       
Profit on ordinary activities before taxation   2,194 1,391
Taxation on profit on ordinary activities 7 (850) (579)
 
Profit on ordinary activities after taxation   1,344 812
Equity minority interests   (203) (167)
 
Profit for the financial year 24 1,141 645
Dividends 10 (473) (358)
 
Retained profit for the financial year   668 287
 
Basic earnings per share (US cents) 11 94.1 54.1
Headline earnings per share (US cents) 11 97.5 76.7
Adjusted basic earnings per share (US cents) 11 103.2 77.6
Diluted earnings per share (US cents) 11 91.1 53.0
Adjusted diluted earnings per share (US cents) 11 99.8 75.2
Dividends per share (US cents) 10 38.0 30.0

During the year and the previous year, the group made a number of 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 form part of the financial statements.

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