Our performance

£m  2016/17 2015/16 2014/15
Operating profit*  4,667 4,096 3,863  
Interest  (1,175) (1,013) (1,033)
Post-tax share of joint ventures  63 59 46
Profit before tax  3,555 3,142 2,876  
Tax  (808) (753) (695)
Minority interests  1 (3) 8
Net income before exceptional items, remeasurements and gain on disposal  2,748 2,386 2,189
Exceptional items, remeasurements and gain on disposal  5,047  205  -170  
Net income after exceptional items, remeasurements and gain on disposal
 7,795  2,591  2,019  
Reported earnings per share (pence)  207.1 68.7 52.9
Weighted average number of shares**  3,763 3,774 3,817
Dividend per share (pence)  128.65 43.34 42.87
         
Net debt  (19,274) (25,325) (23,915)
         
Cash flow from operations  5,439 5,660 5,350
         
Group capital expenditure  4,323 3,893 3,470
         
UK regulatory asset value (£billion)  27.2 26.1 25.5
         
US rate base ($billion)  19.3 18.2 17.2
US assets outside of rate base ($billion)  2.1 2.0 2.8
Total US rate base ($billion)  21.4 20.2 20
         
UK operating return (%)  13.1 13.3 13.7  
US operating return (%)  8.2 8.0 8.4  
         
UK return on capital employed (%)  7.8 8.1 8.6
US return on capital employed (%)  5.7 5.7 6.0
         
Group return on equity (ROE)  11.7 12.3 11.8
*Items presented as adjusted exclude exceptional items, remeasurements and gain on disposal
**Restated for scrip issuance