Our performance

£m 2015/16 2014/15 2013/14
Operating profit** 4,096 3,863 3,664  
Interest (1,013) (1,033) (1,108)
Post-tax share of joint ventures 59 46 28
Profit before tax 3,142 2,876 2,584  
Tax (753) (695) (581)
Minority interests (3) 8 12
Net income 2,386 2,189 2,015
Reported earnings per share (pence)** 63.5 58.1 53.5
Weighted average number of shares (million) 3,755 3,766 3,766
Dividend per share (pence) 43.34 42.87 42.03
         
Net debt (25,325) (23,915) (21,190)
         
Cash flow from operations 5,660 5,350 4,419
         
Group capital expenditure 3,946 3,470 3,441
         
UK regulatory asset value (£ billion) 26.1 25.5 25.2
         
US rate base ($ billion) 18.3 17.2 16.3
US assets outside of rate base ($ billion) 2.0 2.8 2.4
Total US rate base ($ billion) 20.2 20 18.7
         
UK operating return (%) 13.3 13.7 12.7  
US operating return (%) 8.0 8.4 9  
         
UK return on capital employed (%) 8.1 8.6 8
US return on capital employed (%) 5.7 6.0 6.4
         
Group return on equity (ROE) 12.3 11.8 11.4
*Excludes the impacts of major storms
**Items presented as adjusted exclude exceptional items, remeasurements and stranded cost recoveries.