Wales & West Utilities Limited - Directors' report ... - Our Home Page

Consolidated profit and loss account for the year ended 31 March 20112011 2010Continuing operations Note £m £mTurnover 312.8 314.1Net operating costs 2(a) (261.5) (262.9)Operating profit before replacement expenditure, exceptionalitems and depreciation 198.6 201.4Replacement expenditure 2(a) (79.6) (76.6)Exceptional items 2(b) 1.1 (3.3)Depreciation 6 (68.8) (70.3)Operating profit 51.3 51.2Operating profit 51.3 51.2Income from other fixed asset investments 0.3 0.2Interest receivable and similar income 4(a) 21.6 6.1Other finance costs ~ net pension 25 (0.2) (2.4)Interest payable and similar charges 4(b) (195.0) (150.3)Loss on ordinary activities before taxation (122.0) (95.2)Tax on loss on ordinary activities 5 7.4 5.5Loss attributable to ordinary shareholders (114.6) (89.7)Dividends on ordinary shares - -Loss for the financial year 18 (114.6) (89.7)Wales & West Utilities Limited14Registered number: 05046791