Investor Relations -


Twelve Months
Ended 31 March
2002
UK GAAP
£m
Twelve Months
Ended 31 March
2003
UK GAAP
£m
Twelve Months
Ended 31 March
2004
UK GAAP
£m
Nine Months
Ended 31 December
2004*
IFRS
£m
Twelve
Months Ended 31 December 2005
IFRS
£m

Revenue          
Residential property services 2.2 13.2 15.1 38.4 74.2
Commercial property services 16.9 17.5 23.5 20.5 55.2
Insurance property services 1.7 3.0 3.6 8.6 22.4
Discontinued activities 0.7 - - - -
  21.5 33.7 42.2 67.5 151.8

Adjusted operating profit **          
Residential property services 0.4 2.7 4.4 5.6 13.0
Commercial property services 2.6 2.5 2.8 1.0 7.6
Insurance property services 0.4 0.7 1.4 3.2 11.3
Central overheads (1.4) (1.7) (2.3) (3.4) (4.1)
Share of joint venture results - (0.1) (0.1) - -
Discontinued activities 0.7 - - - -
Adjusted operating profit ** 2.7 4.1 6.2 6.4 27.8

Profit before tax 2.0 2.2 4.3 1.6 23.2
Profit for the period 1.2 1.4 2.8 1.2 17.4
Adjusted profit before tax** 2.4 4.0 6.0 5.7 24.3
Adjusted profit for the period** 1.6 2.9 4.4 5.3 18.5
Adjusted cash inflow from operations** 2.8 4.7 7.5 5.5 26.0
Net assets 10.5 18.5 29.1 95.3 133.5
Basic earnings per share (pence) 4.4p 4.2p 7.2p 2.3p 18.1p
Adjusted basic earnings per share (pence) ** 5.8p 8.4p 11.3p 9.7p 19.2p

* December 2004 covers a shorter nine month period.
** Excludes goodwill amortisation, exceptional items, restructuring costs, profit on disposal of non-current assets, and imputed interest.