Subsidiary undertakings Group historical cost profits and losses Financial information Notes relating to the financial statements Accounting Policies Company Balance Sheet Movements in group shareholders' funds Group total recognised gains and losses Group cash flow statement Group balance sheet Group profit and loss account Financial Review
 
    Before
exceptional
items
Exceptional
items
Total Before
exceptional
items
Exceptional
items
Total
  Notes 1998
£m
1998
£m
1998
£m
1997
£m
1997
£m
1997
£m

Turnover 1,2
Continuing operations 1277.1 1277.1 1296.5 1296.5
Acquisitions 143.9 143.9 - -

Total continuing operations 1421.0 1421.0 1296.5 1296.5
Discontinued operations 33.6 33.6 137.4 137.4

Total turnover 1454.6 1454.6 1433.9 1433.9

Operating profit 1,2  
149.4 149.4 147.6 147.6
6.6 6.6 - -

156.0
156.0
147.6

147.6

1.8

1.8

4.7

4.7
Continuing operations
Acquisitions
Total continuing operations
Discontinued operations
Operating profit 157.8 157.8 152.3 152.3
Profit on disposal of discontinued operations 3 14.8 14.8 2.4 2.4

Profit before interest 157.8 14.8 172.6 152.3 2.4 154.7
Net interest payable 5 (5.6 ) (5.6 ) (5.8 ) (5.8 )

Profit on ordinary activities before taxation 152.2 14.8 167.0 146.5 2.4 148.9
Tax on profit 6 (45.7 ) (4.0 ) (49.7 ) (39.6 ) (0.5 ) (40.1 )

Profit on ordinary activities after taxation 106.5 10.8 117.3 106.9 1.9 108.8
Equity minority interests (0.3 ) (0.3 ) (0.2 ) (0.2 )

Profit for the financial year 7 106.2 10.8 117.0 106.7 1.9 108.6

Dividends paid and proposed 8 (51.9 ) (48.8 )

Transfer to reserves 21 65.1 59.8

Earnings per share 9 33.5p 31.2p
Diluted earnings per share 9 33.4p 31.0p
Adjusted earnings per share 9 30.4p 30.7p

The movements in reserves are set out in note 21.