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Extraordinary Items - Losing a mint.

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| November 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Director)

You might have thought that a business that makes money would be a business that makes money. Not so at the Royal Mint. The National Audit Office has issued a report on the coin manufacturer's declining financial position, which culminated in a GBP 6.5m operating loss in 2001-02, with a GBP 12m restructuring charge on top of that.

The Mint's government-owned status means it is allowed ...

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