ABSTRACT

DIAGEO plc Consolidated profit and loss account for year ended 30 June 2003

£ million Turnovera 9 440a Operating costsb 7 579b Operating profita 1 861a *Share of associates’ profits 457*

2 318 Loss on disposal of businessesc (1 313)c Interest payable (net) (351) Profit before taxation 654 Taxationc (487)c Profit after taxation 167 *Minority interests (91)* Profit for the year 76

Notes a including discontinued operations 479 (turnover) and 53 (operating profit) b after exceptional expenses 168 c loss on disposal of businesses mostly non-deductible for tax purposes.