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Wednesday 23 March 2005 |
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Woolworths Group plc:
Preliminary Results Announcement 2005 |
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Group Profit and Loss Account |
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For the 52 weeks to 29 January 2005 |
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2005 |
2004 |
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Before
exceptional
items
£m |
Exceptional
items
£m |
Total
£m |
Total
£m |
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| Turnover – Group and share of joint ventures |
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| Continuing operations |
2,897.1 |
- |
2,897.1 |
2,795.1 |
| Less: share of joint venture’s turnover |
(41.9) |
- |
(41.9) |
(20.4) |
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| Group turnover |
2,855.2 |
- |
2,855.2 |
2,774.7 |
| Cost of sales |
(2,099.2) |
(17.3) |
(2,116.5) |
(1,995.9) |
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| Gross profit |
756.0 |
(17.3) |
738.7 |
778.8 |
| Selling expenses |
(568.8) |
- |
(568.8) |
(578.8) |
| Administrative expenses |
(134.1) |
(43.6) |
(177.7) |
(138.4) |
| Other operating income |
15.7 |
- |
15.7 |
14.1 |
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| Group operating profit |
68.8 |
(60.9) |
7.9 |
75.7 |
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| Share of operating profit in joint ventures after amortisation of goodwill of £0.9m |
10.2 |
- |
10.2 |
1.2 |
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| Profit before interest |
79.0 |
(60.9) |
18.1 |
76.9 |
| Net interest payable |
(8.8) |
- |
(8.8) |
(10.2) |
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| Profit on ordinary activities before taxation |
70.2 |
(60.9) |
9.3 |
66.7 |
| Taxation on profit on ordinary activities |
(21.5) |
14.4 |
(7.1) |
(20.6) |
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| Profit on ordinary activities after taxation |
48.7 |
(46.5) |
2.2 |
46.1 |
| Equity minority interest |
(0.2) |
- |
(0.2) |
(0.1) |
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| Profit for the financial year |
48.5 |
(46.5) |
2.0 |
46.0 |
| Dividends payable to shareholders |
(5.4) |
- |
(5.4) |
(21.2) |
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| (Loss)/retained profit for the financial year |
43.1 |
(46.5) |
(3.4) |
24.8 |
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| Earnings per share (pence) |
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| Basic |
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0.1 |
3.3 |
| Diluted |
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0.1 |
3.3 |
| Basic – adjusted* |
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3.6 |
3.5 |
| Diluted – adjusted* |
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3.6 |
3.5 |
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* Adjusted basic earnings per share is calculated before exceptional items and amortisation of
acquisition goodwill. |
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There is no material difference between the profit on ordinary activities before taxation and
the loss for the financial year and their historical cost equivalents. |
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All results relate to continuing operations. |
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