Profit and loss account Turnover Water supply
Other activities
42.9
13.4
38.7
8.0
37.6
4.7
36.6
4.4
34.6
6.8
56.3
46.7
42.3
41.0
41.4
Operating profit
Profit on sale of fixed assets
Loss on disposal of business
Net interest payable
20.0
0.8
–
(1.3)
18.6
0.4
–
(0.7)
16.8
0.8
(1.9)
(0.4)
13.3*†
2.5
(1.5)
(0.6)
12.7†
0.1
–
(0.5)
Profit on ordinary activities before taxation
Taxation
19.5
(4.9)
18.3
(2.5)
15.3
(2.9)
13.7
(2.8)
12.3
(1.6)
Profit for the year
14.6
15.8
12.4
10.9
10.7
p
p
p
p
p
Earnings per ordinary share
Dividends per ordinary share
84.00
36.30
91.20
36.55
71.8
33.0
59.7
30.0
58.7
24.0
£m
£m
£m
£m
£m
Balance sheet
Fixed assets
Net current liabilities±
Net borrowings
140.6
(23.5)
(21.6)
115.3
(21.6)
(6.8)
99.4
(15.0)
(7.2)
94.4
(11.1)
(8.7)
90.5
(12.8)
(2.6)
Net assets
95.5
86.9
77.2
74.6
75.1
*After exceptional charges for reorganisation of £0.6m.
†After exceptional charges for MMC referral and proposed takeover costs of £2.0m in 1997 and £0.4m in 1996.
±Excluding cash, deposits and short term borrowings.
