CONSOLIDATED PROFIT AND LOSS ACCOUNT

for the year to 29 May 2005


  Notes 2005
£000		 2004
£000
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Turnover 2 136,647 151,775
Cost of sales 3 (42,071) (50,099)
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Gross profit 3 94,576 101,676
Net operating expenses 3 (80,683) (81,821)
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Operating profit 2 13,893 19,855
Interest receivable 153 145
Interest payable and similar charges 6 (538) (427)
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Profit on ordinary activities before taxation 7 13,508 19,573
Taxation on profit on ordinary activities 8 (4,863) (7,245)
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Profit on ordinary activities after taxation 8,645 12,328
Equity minority interests 24 - 1
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Profit for the financial year 9 8,645 12,329
Dividends 10 (5,886) (5,749)
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Profit retained for the financial year 23 2,759 6,580
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Basic earnings per ordinary share 11 28.2p 40.8p
Diluted earnings per ordinary share 11 27.8p 40.1p
Dividend per ordinary share 10 18.975p 18.75p

All items dealt with in arriving at the profit on ordinary activities before taxation relate to continuing activities.

There is no difference between the profit on ordinary activities before taxation and the retained profit for the year stated above and their historical cost equivalents.

The accompanying notes are an integral part of this profit and loss account.

CONSOLIDATED STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
for the year to 29 May 2005

  2005
£000 		2004
£000
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Profit for the financial year 8,645 12,329
Currency translation differences on foreign currency net investments 483 (2,012)
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Total recognised gains and losses relating to the year 9,128 10,317
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