2002 Report And Accounts - Guinness Peat Group plc

Notes to the Financial Statements1 Profit and loss account analysis2002 2001Continuing Discontinued Total Continuing Discontinued Total£000 £000 £000 £000 £000 £000Turnover 55,995 2,974 58,969 44,996 25,084 70,080Cost of sales (37,556) (2,017) (39,573) (31,563) (17,782) (49,345)Distribution costs (7,844) (237) (8,081) (6,162) (3,520) (9,682)Administrative expenses (4,170) (696) (4,866) (3,275) (4,993) (8,268)Exceptional administration costs (1,974)–––––––––––––––––––––––(1,974)–––––––––––(3,014)–––––––––––(2,676)–––––––––––(5,690)–––––––––––Group operating profit/(loss) 4,451 24 4,475 982 (3,887) (2,905)––––––––––– ––––––––––– ––––––––––– ––––––––––– ––––––––––– –––––––––––2 Segmental reportingOperating profit/(loss) Operating profit/(loss) Net assetsBy business segment: Turnover before exceptional items after exceptional items Restated2002 2001 2002 2001 2002 2001 2002 2001£000 £000 £000 £000 £000 £000 £000 £000Tobacco processing machinery:Group 46,204 34,540 7,440 4,637 6,853 4,572 17,518 11,637Joint venture 1,101 – 73 – 73 – 323 –Web processing machinery 7,952 7,386 3 (302) 1 (302) 2,079 2,023Other activities 1,839–––––––3,070–––––––(1,018)–––––––(339)–––––––(2,403)–––––––(3,288)–––––––59–––––––559–––––––Continuing operations 57,096 44,996 6,498 3,996 4,524 982 19,979 14,219Discontinued operations 2,974–––––––25,084–––––––24–––––––(1,211)–––––––24–––––––(3,887)–––––––(89)–––––––3,392–––––––60,070 70,080 6,522 2,785 4,548 (2,905) 19,890 17,611––––––– ––––––– ––––––– ––––––– ––––––– ––––––– ––––––– –––––––Group 58,969 70,080 6,449 2,785 4,475 (2,905) 19,567 17,611Joint venture 1,101–––––––––––––––73–––––––––––––––73–––––––––––––––323–––––––––––––––60,070 70,080 6,522 2,785 4,548 (2,905) 19,890 17,611––––––– ––––––– ––––––– ––––––– ––––––– ––––––– ––––––– –––––––Included in other activities is a charge relating to the pension prepayment movement of £213,000 (2001: credit of £521,000).Operating profit/(loss) Operating profit/(loss) Net assetsGeographical (by origin): Turnover before exceptional items after exceptional items Restated2002 2001 2002 2001 2002 2001 2002 2001£000 £000 £000 £000 £000 £000 £000 £000United Kingdom (trading activities) 50,728 38,538 7,126 4,311 6,537 4,246 19,698 13,994United Kingdom (other activities) 1,839 3,070 (1,018) (339) (2,403) (3,288) 59 559United States of America 3,428 3,388 317 24 317 24 (101) (334)Rest of the World 1,101–––––––––––––––73–––––––––––––––73–––––––––––––––323–––––––––––––––57,096 44,996 6,498 3,996 4,524 982 19,979 14,219Discontinued operations 2,974–––––––25,084–––––––24–––––––(1,211)–––––––24–––––––(3,887)–––––––(89)–––––––3,392–––––––60,070 70,080 6,522 2,785 4,548 (2,905) 19,890 17,611––––––– ––––––– ––––––– ––––––– ––––––– ––––––– ––––––– –––––––Group 58,969 70,080 6,449 2,785 4,475 (2,905) 19,567 17,611Joint venture 1,101–––––––––––––––73–––––––––––––––73–––––––––––––––323–––––––––––––––60,070 70,080 6,522 2,785 4,548 (2,905) 19,890 17,611––––––– ––––––– ––––––– ––––––– ––––––– ––––––– ––––––– –––––––28