Final Results - Part 2

Kingfisher PLC
14 March 2001


Part 2

1.   Turnover

£ millions                                                 2001            2000

Home Improvement                                        5,093.5         4,528.3
Electrical                                              3,564.9         3,188.0
General Merchandise                                     3,358.4         3,065.5
Property                                                   59.2            32.5
Financial Services                                         58.2            70.7
Total turnover                                         12,134.2        10,885.0

2. Operating Profit

                                                                       Restated
£ millions                                                  2001           2000

Group Turnover                                          12,134.2       10,885.0
Cost of Sales                                           (8,245.3)      (7,248.5)
Gross Profit                                             3,888.9        3,636.5
Other income and expenses                               (3,190.2)      (2,886.9)
Exceptional items - operating                                5.8           (3.5)
Share of joint ventures and associates                     (34.2)          (2.0)
Group Operating Profit                                     670.3          744.1


3.   Exceptional items

£ millions                                                  2001           2000
Operating exceptionals
Non-recurring reduction in local  French business tax on
restructuring of Group companies                             5.8              -
                                                                      
Costs of attempted merger                                      -          (3.5)
                                                             5.8          (3.5)


Non operating exceptionals
Gain on deemed disposal of Liberty Surf Group  S.A.        120.8              -

Loss on the sale of operations and Group restructuring:
Costs relating to planned divestment of General 
Merchandise                                                 (8.8)             -
Disposal of Electric City                                  (13.3)             -
Disposal of Andre Deutsch                                   (1.4)             -
                                                           (23.5)             -
Profit on the disposal of properties                         0.2           6.2

4.      Net interest payable


£ millions                                                 2001            2000

Interest payable                                          112.1            76.5
Interest receivable                                       (26.8)          (36.6)
                                                           85.3            39.9
Interest capitalised                                       (8.7)           (2.4)
Net interest payable                                       76.6            37.5


5.   Taxation

£ millions                                                 2001            2000
Tax charge on profit  for the year:
UK corporation tax at 30% (2000 : 30.16%)                 103.2           123.9
Relief for double taxation                                 (0.5)           (3.2)
Overseas taxation                                          67.0            93.6
Deferred tax                                                0.8            (0.3)
Associated undertakings                                     0.8             0.8
Joint ventures                                              1.4             0.7
                                                          172.7           215.5
Prior year adjustments                                     (1.9)          (11.1)
                                                          170.8           204.4

6.   Earnings per share

The calculation of basic earnings per share is based on the profit on ordinary
activities, after taxation and minority interests of £415.5 million (2000: £
409.0 million) and the weighted average number of shares in issue during the
period of 1,369.5 million (2000: 1,357.1 million).

The diluted earnings per share is based on the diluted profit on ordinary
activities, after taxation and minority interests of £409.5 million (2000: £
401.8 million) and the diluted weighted average number of shares in issue
during the period of 1,383.3 million (2000: 1,390.4 milion).

Supplementary earnings per share figures are presented.  These exclude the
effects of exceptional items, acquisition goodwill amortisation and estimated
LibertySurf losses in the year and are presented to allow comparison to prior
year on a like-for-like basis.

Accordingly, the adjusted basis and diluted EPS exclude exceptional items and
acquisition goodwill amortisation.  Also excluded are the estimated LibertySurf
losses as the directors do not believe it is meaningful to aggregate these with
the profits from the continuing Group businesses.  In the previously reported
figures for 1999 the directors also excluded the costs of developing the
e-commerce activities of our established businesses.  These have no longer been
excluded and the comparative adjusted basic and diluted EPS have been restated
accordingly, the effect of which is to decrease these figures by 0.7p and 0.8p
respectively.  The comparative figure for diluted earnings per share has also
been restated to adjust for the effect of interest, tax and minority interests
on convertible bonds.

The difference between the basic and diluted earnings per share is reconciled
as follows:

                                                                     Restated
pence                                                            2001     2000
Basic earnings per share                                         30.3     30.1
Attributable to exceptional items                                (7.5)    (0.2)
Attributable to acquisition goodwill amortisation                 1.3      0.8
Attributable to estimated LibertySurf losses                      3.1      0.6
Taxation arising on exceptional items                             0.1        -
Minority share of exceptional items                               0.1        -
Basic - adjusted earnings per share                              27.4     31.3

Diluted earnings per share                                       29.6     28.9
Attributable to exceptional items                                (7.4)    (0.1)
Attributable to acquisition goodwill amortisation                 1.3      0.7
Attributable to estimated LibertySurf losses                      3.1      0.5
Taxation arising on exceptional items                             0.1        -
Minority share of exceptional items                               0.1        -
Diluted - adjusted earnings per share                            26.8     30.0

7.   Reconciliation of movement in equity shareholders' funds

                                                                       Restated
£ millions                                                         2001    2000
Profit for the financial year attributable to the members of
Kingfisher plc                                                    415.5   409.0
Dividends                                                        (214.8) (198.2)
                                                                  200.7   210.8
Foreign exchange adjustments (net of tax)                          10.8   (53.2)
Unrealised surplus on revaluation of properties                    53.9   142.0
Shares issued under option schemes                                 51.3    10.3
Scrip issue                                                        57.8    34.6
Non-distributable reserve arising on the combination of B&Q and
Castorama                                                             -     1.9
Minority increase in Castorama                                     (0.9)   21.2
Net addition to shareholders' funds                               373.6   367.6
Opening shareholders' funds                                     2,609.5 2,241.9
Closing shareholders' funds                                     2,983.1 2,609.5

8.   Net cash flow from operating activities

                                                                       Restated
£ millions                                                      2001       2000
Group operating profit                                         704.5      746.1
Depreciation and amortisation                                  233.7      191.3
Decrease/(increase) in development work in progress              7.5      (25.3)
Increase in stock                                             (377.3)    (272.3)
Increase in debtors                                           (143.6)    (106.2)
Increase in creditors                                          127.8      326.0
Loss on disposal of fixed assets                                10.6        4.2
Net cash inflow from operating activities                      563.2      863.8



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