Twenty-First Century Fox 2003 Annual Report Download - page 62

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The News Corporation Limited60
Statement of Financial Performance
FOR THE YEAR ENDED 30 JUNE, 2003
Sales revenue 2 29,913 29,014 25,578
Operating expenses 2 (25,561) (25,472) (22,485)
Operating income 2 4,352 3,542 3,093
Net loss from associated entities 5 (89) (1,434) (249)
Borrowing costs (1,000) (1,291) (1,268)
Investment income 209 291 333
Net borrowing costs (791) (1,000) (935)
Dividend on exchangeable securities (94) (93) (90)
Other revenues before income tax 6 679 5,627 3,335
Other expenses before income tax 6 (1,057) (17,601) (4,609)
Change in accounting policy before tax 7 (1,107)
Profit (loss) from ordinary activities before income tax 3,000 (10,959) (562)
Income tax (expense) benefit on
Ordinary activities before change in accounting policy and other items (989) (640) (428)
Other items 6 215 (15) 19
Change in accounting policy 421
Net income tax (expense) benefit (774) (655) 12
Net profit (loss) from ordinary activities after income tax 2,226 (11,614) (550)
Net profit attributable to outside equity interests 3 (418) (348) (196)
Net profit (loss) attributable to members of the parent entity 1,808 (11,962) (746)
Net exchange (losses) gains recognised directly in equity (4,064) (3,021) 3,309
Items recognised directly in equity 8 152 (267) 1,060
Total change in equity other than those resulting from transactions
with owners as owners (2,104) (15,250) 3,623
Basic earnings per share on net profit (loss) attributable to members of the parent entity
Ordinary shares $0.307 $(2.170) $(0.174)
Preferred limited voting ordinary shares $0.368 $(2.604) $(0.209)
Ordinary and preferred limited voting ordinary shares $0.344 $(2.431) $(0.192)
Diluted earnings per share on net profit (loss) attributable to members of the parent entity
Ordinary shares $0.305 $(2.170) $(0.174)
Preferred limited voting ordinary shares $0.366 $(2.604) $(0.209)
Ordinary and preferred limited voting ordinary shares $0.342 $(2.431) $(0.192)
The Statement of Financial Performance is to be read in conjunction with the accompanying notes.
Consolidated
2003 2002 2001
Note A$ million (except per share amounts)