Reuters Group PLC Annual Report and Form 20 ... - Thomson Reuters

36 Reuters Group PLC Annual Report and Form 20-F 2002Consolidated profit and loss accountfor the year ended 31 December2002 2001 2000Notes £m £m £mRevenue: Group and share of joint ventures 3,682 3,990 3,678less share of joint ventures revenue (107) (105) (86)Group revenue 1 3,575 3,885 3,592Operating costs 2 (3,719) (3,583) (3,181)Operating (loss)/profit (144) 302 411Share of operating losses of joint ventures (35) (46) (17)Impairment of investments in joint ventures 16 (6) (16) –Share of operating losses of associates (39) (39) (16)Impairment of investment in associate 16 – (26) –(Loss)/profit on disposals of subsidiary undertakings 31 (29) 216 10Profit on disposals of fixed assets/investments 31 1 18 291Income from fixed asset investments 1 3 5Amounts written off fixed asset investments 16 (222) (245) (30)Net interest (payable)/receivable 3 (20) (9) 3(Loss)/profit on ordinary activities before taxation (493) 158 657Taxation on (loss)/profit on ordinary activities 4 (23) (107) (136)(Loss)/profit on ordinary activities after taxation (516) 51 521Equity minority interests 112 (5) –(Loss)/profit attributable to ordinary shareholders (404) 46 521Dividends 5 (139) (140) (224)(Loss)/retained profit (543) (94) 297Basic (loss)/earnings per ordinary share 6 (29.0p) 3.3p 37.1pDiluted (loss)/earnings per ordinary share 6 (29.0p) 3.2p 36.5pConsolidated revenue and operating (loss)/profit derive from continuing operations in all material respects.The result for the year has been computed on an unmodified historical cost basis.Consolidated statement of total recognised gains and lossesfor the year ended 31 December2002 2001 2000Notes £m £m £m(Loss)/profit attributable to ordinary shareholders (404) 46 521Unrealised gain on deemed partial disposal of subsidiary 31 1 11 –Unrealised gains on formation of joint ventures and associates – – 73Unrealised gain on deemed partial disposal of associate 31 12 – 39Unrealised gains on disposals of fixed asset investments 31 10 – 13Translation differences taken directly to reserves (95) 23 40Total recognised gains and losses relating to the year (476) 80 686A detailed statement showing the movement in capital and reserves is set out in note 26.