Report & Accounts - JLT

Group Five Year Reviewfor the year ended 31st December 2005Prepared under UK GAAPPrepared under IFRS20042001 2002 2003 2004 Restated 2005£'000 £'000 £'000 £'000 £'000 £'000Fees and commissions (Turnover) 349,664 388,144 429,048 468,092 468,092 484,370Investment income 21,810 19,698 17,334 13,465 13,465 15,355Operating revenue 371,474 407,842 446,382 481,557Trading expenses (289,509) (309,069) (336,952) (383,653)Salaries and associated expenses (273,437) (297,447)Premises (25,410) (30,007)Other operating costs (85,731) (80,104)Depreciation, amortisation and impairment charges (10,996) (14,305)Goodwill amortisation (3,158) (3,235) (3,773) (7,680)Exceptional items (1,873) (2,525) (3,597) (10,060)Operating profit 76,934 93,013 102,060 80,164 85,983 77,862Finance costs (Interest payable) (2,530) (2,111) (1,858) (4,066) (3,287) (6,561)Share of results of associates 4,823 5,186 6,135 5,963Share of results of associates after tax and minority interests 2,261 2,505Profit/(loss) on sale or closure of operations (942) 4,094 4,678 (729)Profit before taxation 78,285 100,182 111,015 81,332 84,957 73,806Income tax expense (22,904) (30,923) (35,276) (27,605) (25,915) (22,653)Profit for the year 55,381 69,259 75,739 53,727 59,042 51,153Minority interests (1,452) (1,810) (2,935) (3,390) (3,385) (580)Profit attributable to shareholders 53,929 67,449 72,804 50,337 55,657 50,573Dividends (31,710) (36,762) (40,945) (41,635)Retained profit for the period 22,219 30,687 31,859 8,702 55,657 50,573Diluted earnings per share 30.0p 34.7p 38.2p 32.5p 27.5p 23.8pDividends per share 16.0p 18.5p 20.5p 20.5p 20.5p 20.5pThe figures stated for 2004 and previous years prepared under UK GAAP are these originally published prior to the restatementdealt with in these financial statements. Details of the restatement of the 2004 figures on to an IFRS basis are given in notes 34 and35 on pages 98 to 102.Group Five Year Review Jardine Lloyd Thompson Group plc Annual Report & Accounts 2005111