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Five Year Summary Resutb Turnover: EMI Music Other businesses operatiom Discontinued operations - OpeAiinqndii: -- EMI Music Other businesses - Gntinting operatidns ffi Share gl assoclates operating_profrt 0.8 Total operating profit before exce[fional - items and amortisation Operating exceptional iterm (4.0) _AprtiSqon of goodMll and m(-6k cogf'ghb (34.6) 280.5 Non{perating exceptional items: Fundamental reorganisations and restructuring Profits (losses) on businesses disposed of or terminated (9.9) ProfiB (losses) on disposal of fixed ass€ts
Operating assets Music copynghts Goodr/ill Property, plant, equipment and vehicles Rental equipment Fixed asset investments lnvestments: orun shares Stock and debto6, excluding taxation and interest Credrtors and prorsions, excluding taxatton, dMdends and interest payable Net bonowings t'.let cash inflouu from operattng actMties Caphal expenditure: Fixed assets (continuing operations) Fixed assets (discontinued operations) Rental equipment I91iL !a!'ta!gP9!ttt!re _ Earnings per Ordinary Share: Basic Adjusted diluted 27 .3p 21 .9p 24.1p Dividend cover Several nsau accounting siandads have been adopted Wth effect from 1 Apnl 1998 (FRS 9 to FRS14) and, where appropriate, comparatN€ r6ulb hale been rstated to reflect the resuhing changes in accounting policies and presentation of information. Signfficant changes were made to the financing structure of the Group as part of the demerger, making the Group resutts difficuh to compare year on year as resulB ior the Thorn business are included for the full year in 1996, up to demerger in 1997, but o(cluded p6t demerger. Cornparatire results for EMI & HMV excluding the Thorn busines are given for 1996 and 1997. Folloruing the disposal of HMV on 28 March 1998, in accordance with FR53 discontinued operations includes HMV Thorn is included as discontinued operations - demerged business. The share capital reorgnnisatron tmk place on 21 July 1997 and eamings per share and dividends per share for the years ended 31 March 1996 and 1997 ha,e been restated to reflect the preliminary reorganietion elements to enable meaningful comparisons to be made.
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