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  Consolidated Income Statement
  (All amounts in Sri Lanka Rupees millions) For the year ended 31 December 2003
 
    Group Company
  Notes 2003 2002 2003 2002
Revenue 1 25,553 25,383 24,477 25,207
Operating costs 2 (10,924) (9,826) (10,024) (9,710)
Operating profit before depreciation   ---------
14,629
---------
15,557
---------
14,453
---------
15,497
Depreciation 9 (8,241)
---------
(7,604)
---------
(7,987)
---------
(7,558)
---------
Operating profit   6,388 7,953 6,466 7,939
Voluntary Retirement Scheme (VRS) 4 (710) (710)
Non-operating income   111 108 111 107
Interest expense and related charges 5 (2,863) (3,377) (2,802) (3,365)
Interest income   316 552 311 551
Share of result before tax of associate 11 (29) (29)
Profit before tax   ---------
3,242
---------
5,207
---------
3,376
---------
5,203
Tax 6 (993)
---------
(2,522)
---------
(993)
---------
(2,522)
---------
Net profit   2,249
======
2,685
======
2,383
======
2,681
======
Earnings per share (Rs.) 7 1.25 1.49 1.32 1.49
   
  All the Group’s activities are continuing activities.
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