52 weeks ended 27 February 1999


  Note
  		  Total
1999
£m
 
Total
1998
(restated)
£m
 
 
Sales at net selling prices

Value added tax
  		1


 18,546

(1,388)
 17,779

(1,327)
           
Turnover excluding value added tax

Operating expenses

- Normal operating expenses

- Employee profit-sharing

- Integration costs

- Goodwill amortisation
  		  1/2





3

2

11		   17,158



(16,155)

(38)

(26)

(5) 		  16,452



(15,505)

(35)

(63)

-
           

Operating profit

Loss on disposal of discontinued operations

Net loss on disposal of fixed assets

Share of operating profit/(loss) of joint ventures
 

 

1/2

 

 

1

  

934

-

(8)

6

  

849

(8)

(1)

(6)
           

Profit on ordinary activities before interest

Net interest payable
 

 

 

7

  

932

(90)

  

834

(74)
           

Profit on ordinary activities before taxation

 

       842   760
Profit before integration costs, loss on disposal of discontinued operations,
  net loss on disposal of fixed assets and goodwill amortisation		       881   832
             
Integration costs       (26)   (63)
             
Loss on disposal of discontinued operations       -   (8)
             
Net loss on disposal of fixed assets       (8)   (1)
             
Goodwill amortisation       (5)   -
           
Tax on profit on ordinary activities
  		  8   (237)   228
           

Profit on ordinary activities after taxation

Minority interests
 

     

605

1

  

532

-
           

Profit for the financial year

Dividends
 

 

 

9

  

606

(277)

  

532

(255)
           
Retained profit for the financial year
  		  24   329   277
           
        Pence   Pence
           

Earnings per share

Adjusted for integration costs after taxation

Adjusted for net loss on disposal of fixed assets and loss on
  disposal of discontinued operations after taxation

Adjusted for goodwill amortisation
 

  10  

9.14

0.27


0.12

0.06

  

8.12

0.79


0.14

-
           
Adjusted earnings per share
  		  10   9.59   9.05
           

Diluted earnings per share

Adjusted for integration costs after taxation

Adjusted for net loss on disposal of fixed assets and
loss on disposal of discontinued operations after taxation

Adjusted for goodwill amortisation
 

  10  

8.93

0.26


0.12

0.06

  

7.93

0.78


0.13

-
           
Adjusted diluted earnings per share
  		  10   9.37   8.84
           
Dividend per share
  		  9   4.12   3.87
           
Dividend cover (times)
  		      2.27   2.28
             

Accounting policies and notes forming part of these financial statements .