Savills plc - Investor relations

FIVE YEAR REVIEWyear ended 31 December 2003RestatedYear to Year to Year to 8 months to Year to31 December 31 December 31 December 31 December 30 April2003 2002 2001* 2000 2000Profit & loss account £'000 £'000 £'000 £'000 £'000Turnover - Group & share of joint ventures 303,002 282,776 239,919 162,067 142,587Less: share of turnover of joint ventures (1,310) (442) (4,483) (5,377) (651)Total Group turnover 301,692 282,334 235,436 156,690 141,936Group operating profit 36,489 29,208 18,238 13,470 18,868Share of operating profit of joint ventures 30 9 708 851 4Share of operating (loss)/profit of associated undertakings (1,559) (3,928) (773) 516 568(Loss)/profit on disposal of interests in subsidiary undertakings - (216) 435 793 22Profit on disposal of interest in joint venture - - 1,052 - -Profit on disposal of interests in associated undertakings - 53 2,455 1,350 -Profit on disposal of property - - 121 - -Profit on disposal of investments 521 - 53 - -Permanent diminution in value of investment property - (4,332) - - -Net interest (217) (413) (739) 448 714Profit on ordinary activities before taxation 35,264 20,381 21,550 17,428 20,176Tax on profit on ordinary activities (12,409) (10,115) (6,881) (5,941) (6,166)Profit on ordinary activities after taxation 22,855 10,266 14,669 11,487 14,010Equity minority interests (838) (1,722) (1,108) (959) (344)Profit for the financial year 22,017 8,544 13,561 10,528 13,666Basic earnings per share 39.2p 15.1p 24.2p 18.7p 27.8pDividends per share 13.6p 10.2p 9.75p 6.00p 7.50pBalance sheetFixed assets 66,436 59,946 69,788 73,412 61,671Net current assets 61,074 56,648 43,618 27,960 29,364Creditors - amounts falling due after more than one year (19,521) (21,877) (22,568) (21,759) (19,104)Provisions (10,306) (5,578) (2,843) (1,959) (1,892)97,683 89,139 87,995 77,654 70,039EmployeesAverage number of employees 11,524 11,600 11,453 10,855 2,311* Restated for FRS19. Earlier years have not been restated.71