Consolidated profit and loss account for the year ended 30 September 2001

		2001	2000
			As restated
			(see note 10)
	Notes	£'000	£'000
Turnover	1	192,489	164,518
Cost of sales		(136,485)	(116,210)
Gross profit		56,004	48,308
Administrative expenses		(31,496)	(25,506)
Operating profit before goodwill amortisation and exceptional operating costs		26,674	23,667
Goodwill amortisation		(1,703)	(865)
Exceptional operating costs	4	(463)	-
Operating profit		24,508	22,802
Investment income	2	725	436
Interest payable and similar charges	3	(3,590)	(3,394)
Profit on ordinary activities before taxation	4	21,643	19,844
Tax on profit on ordinary activities	7	(6,289)	(5,854)
Profit on ordinary activities after taxation		15,354	13,990
Dividends paid and proposed	8	(8,343)	(7,725)
Retained profit for the year	21	7,011	6,265
Earnings per ordinary share	9
Headline earnings per ordinary share		38.1p	34.0p
Basic earnings per ordinary share		33.4p	32.0p
Diluted headline earnings per ordinary share		37.5p	33.4p
Diluted basic earnings per ordinary share		32.8p	31.4p
All activity is derived from continuing operations.
The accompanying notes are an integral part of this consolidated profit and loss account.
Reconciliation of movements in Group shareholders’ funds for the year ended

Reconciliation of movements in Group shareholders’ funds for the year ended 30 September 2001

		2001	2000
			As restated
			(see note 10)
		£'000	£'000
Profit on ordinary activities after taxation		15,354	13,990
Dividends paid and proposed		(8,343)	(7,725)
		7,011	6,265
New share capital subscribed		1,122	12,162
Exchange differences		(52)	(288)
Net addition to shareholders' funds		8,081	18,139
Opening equity shareholders' funds (2000 - originally £6,681,000, restated for prior year adjustment of £4,907,000)		19,913	1,774
Closing equity shareholders' funds		27,994	19,913