MyTravel Group Profit and Loss Account

 

 

 

Restated

 

 

Pre-goodwill

 

Pre-goodwill

 

 

and

 

and

 

 

exceptional

 

exceptional

 

 

operating

 

operating

Restated

 

items

Total

items

Total

 

2002

2002

2001

2001

Year ended 30 September

 £m

£m

£m

£m

Turnover: Group and share of joint ventures

Continuing operations

4,412.7

4,412.7

5,056.6

5,056.6

Acquisitions

0.6

0.6

-

-

 

4,413.3

4,413.3

5,056.6

5,056.6

Discontinued operations

-

-

22.3

22.3

 

4,413.3

4,413.3

5,078.9

5,078.9

Less: share of joint ventures’ turnover

Continuing operations

(34.1)

(34.1)

(28.1)

(28.1)

Group turnover

4,379.2

4,379.2

5,050.8

5,050.8

Cost of sales

(3,731.0)

(3,760.5)

(4,245.5)

(4,245.5)

Gross profit

648.2

618.7

805.3

805.3

Net operating expenses pre-goodwill

(675.7)

(680.1)

(698.0)

(722.3)

Goodwill

-

(30.7)

-

(30.1)

Net operating expenses

(675.7)

(710.8)

(698.0)

(752.4)

Operating (loss)/profit

Continuing operations

(24.9)

(89.4)

107.3

52.9

Acquisitions

(2.6)

(2.7)

-

-

Group operating (loss)/profit

(27.5)

(92.1)

107.3

52.9

Income from interests in joint ventures

and associates

Joint ventures

- continuing operations

5.2

5.2

3.0

3.0

 

- goodwill

-

(1.2)

-

(1.2)

Associates

- continuing operations

1.9

1.9

2.9

2.9

 

- goodwill

-

(0.6)

-

(0.5)

Group and share of joint ventures’

 

 

 

 

and associates’ operating (loss)/profit

(20.4)

(86.8)

113.2

57.1

Exceptional items

 

 

 

 

Profit on sale of subsidiary undertaking

 

9.6

 

-

Profit on sale of tangible fixed assets

 

0.2

 

22.8

Provision for losses on terminated operations

 

(2.5)

 

-

Losses on terminated operations

 

(2.6)

 

(19.7)

Less utilisation of provision

 

0.8

 

15.8

Costs of a fundamental reorganisation

 

-

 

(11.3)

(Loss)/profit on ordinary activities before

 

 

 

 

finance charges

 

(81.3)

 

64.7

Finance charges (net)

 

 

 

 

Group

 

9.8

 

(2.3)

Joint ventures and associates

 

(1.3)

 

(0.1)

(Loss)/profit on ordinary activities before tax

 

(72.8)

 

62.3

Tax on (loss)/profit on ordinary activities

 

29.5

 

(24.7)

(Loss)/profit on ordinary activities after tax

 

(43.3)

 

37.6

Equity minority interests

 

(0.1)

 

(3.5)

Non-equity minority interests

 

(16.7)

 

(16.7)

(Loss)/profit for the financial year

 

(60.1)

 

17.4

Dividends

 

(9.8)

 

(46.6)

Transfer from reserves

 

(69.9)