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Imperial Chemical Industries (ICI)
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ICI » Topics » Profit before tax

This excerpt taken from the ICI 6-K filed Mar 14, 2006.
Profit before tax
On a comparable basis, all businesses with the exception of Regional and Industrial delivered growth in trading profit, notably Quest, which was strongly ahead of 2004 (+28%). National Starch was 5% ahead, and both Paints and Uniqema were 6% up. Regional and Industrial was 2% lower.

Including the effects of foreign currency translation (+1%) and acquisitions and divestments (-4%) Group trading profit for the year as reported was £550m, £12m ahead of 2004.

With lower net finance expenses, Group profit before tax and special items of £444m, was £22m ahead of last year. After special items, Group profit before tax was £500m, £106m lower than last year due primarily to a lower profit on the disposal of businesses.

These excerpts taken from the ICI 6-K filed Mar 16, 2005.
Profit before tax
Trading profit for the International Businesses for the year was 21% ahead of 2003 on a comparable basis, with each business well ahead. The Regional and Industrial Businesses reported a trading loss of £26m for 2004, in comparison with a £25m loss for 2003, including a £52m charge in relation to the deficit for the ICI UK Pension Fund, an increase of £10m compared with last year.

Including adverse impacts of foreign currency translation (-10%) and divestment (-4%) trading profit for the Group as reported was £479m, 11% ahead of 2003. With lower interest costs, Group profit before tax, exceptional items and goodwill amortisation for the year was £397m, £56m ahead of 2003.

Profit before tax, but after exceptional items and goodwill amortisation was £359m compared with £85m last year, mainly due to lower charges for exceptional items.

Taxation
Taxation on profit before exceptional items and goodwill amortisation was £111m for the year, £12m above last year, reflecting the higher trading profit. The effective tax rate for the Group (defined on page 25) reduced slightly, to 28% from 29% in 2003.

Profit before tax
Group profit before tax, exceptional items and goodwill amortisation for the year was £397m, £56m ahead of 2003 (2003 £341m).

Profit before tax, but after exceptional items and goodwill amortisation was £359m compared with £85m for 2003 due mainly to lower charges for exceptional items.

EXCERPTS ON THIS PAGE:

6-K
Mar 14, 2006
6-K (2 sections)
Mar 16, 2005

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