Consolidated Profit and Loss Account

		(unaudited) Six Months ended 30th June		Year ended 31st December
	Note:	1997 US$m	1996 US$m	1996 US$m
Sales Operating costs		3,487.9 (3,452.0)	3,337.6 (3,316.6)	6,968.4 (6,870.5)
Operating profit Share of profits less losses of associates Repositioning provisions in Franklins and Kwik Save		35.9 31.5 -	21.0 31.9 -	97.9 70.2 (77.5)
Profit before interest Net interest expense	2	67.4 (6.9)	52.9 (10.0)	90.6 (16.4)
Profit before taxation Taxation Minority interests	3	60.5 (18.2) 2.8	42.9 (17.2) 2.4	74.2 (37.4) 4.7
Profit after taxation and minority interests Preference dividends		45.1 (6.8)	28.1 (6.8)	41.5 (13.6)
Profit attributable to ordinary Shareholders Ordinary dividends		38.3 (30.1)	21.3 (28.9)	27.9 (105.3)
Profit less dividends for the period		8.2	(7.6)	(77.4)
		US¢	US¢	US¢
Earnings per ordinary share Earnings per ordinary share excluding non-recurring items Dividends per ordinary share	4 4	2.17 2.52 1.65	1.23 1.35 1.65	1.60 6.65 6.00