Results
- Total loss after tax £3,050 million (2011: profit of £60 million) including previously announced £3.3 billion writedown on US disposal
- Operating profit on an underlying2 basis of £1,776 million (2011: £1,857 million) after adverse foreign exchange impact of £65 million
Dividend rebased and scrip removed
- Final 2012 dividend of 9 pence per share (2011: 16 pence), full-year dividend 19 pence per share, (2011: 26 pence).
- Dividend rebased to reduce leverage and increase retained earnings, ensuring dividend distribution is covered by earnings and cashflows
- Removal of dilutive scrip: will improve earnings per share and gives clarity to cashflows and dividend
