Summary Group balance sheet
as at 31 December 2007 |
2007
£m |
2006
£m |
| Non-current assets |
4,426 |
4,421 |
| Current assets |
1,442 |
1,316 |
| Total assets |
5,868 |
5,737 |
| Current liabilities |
(2,424) |
(2,740) |
| Non-current liabilities |
(1,059) |
(1,131) |
| Total liabilities |
(3,483) |
(3,871) |
| Net assets |
2,385 |
1,866 |
| Equity minority interests |
(2) |
(3) |
| Total shareholders’ funds |
2,383 |
1,863 |
Summary Group cash flow statement
for the year ended 31 December 2007 |
2007
£m |
2006
£m |
Cash generated from operations
|
1,231 |
1,228 |
Net interest received/(paid)
|
(24) |
(30) |
| Tax paid |
(232) |
(181) |
| Net cash generated from operating activities |
975 |
1,017 |
| Capital expenditure |
(134) |
(88) |
| Other investing activities |
19 |
19 |
| Acquisition of businesses |
- |
(1,893) |
| Disposal of subsidiary undertakings |
260 |
- |
| Maturity of short-term investments |
(17) |
57 |
| Net cash generated/(used) by investing activities |
128 |
(1,905) |
| Proceeds for issuance of ordinary shares |
52 |
56 |
| Share purchases |
(300) |
(300) |
| (Repayments)/proceeds of borrowings |
(503) |
777 |
| Dividends paid to to the Company’s shareholders |
(358) |
(300) |
| Net cash (used)/generated in financing activities |
(1,109) |
233 |
| Net (decrease) in cash and cash equivalents in year |
(6) |
(655) |
| Exchange gains/(losses) |
19 |
(16) |
| Cash and cash equivalents at beginning of year |
298 |
969 |
| Net cash and cash equivalents at end of year |
311 |
298 |
Summary Group income statement
for the year ended 31 December 2007 |
2007
£m |
2006
£m |
| Net revenues |
5,269 |
4,922 |
| Operating profit |
1,233 |
910 |
| Net finance (expense) |
(24) |
(36) |
| Profit on ordinary activities before taxation |
1,209 |
874 |
| Tax on profit on ordinary activities |
(271) |
(200) |
| Profit for the year |
938 |
674 |
Profit for the year
(attributable to ordinary equity holders of the parent) |
938 |
674 |
Earnings per ordinary share
(On profit for the year, basic) |
131.2p |
93.5p |
Earnings per ordinary share
(On profit for the year, diluted) |
127.9p |
91.8p |
Summary Group income statement - adjusted*
for the year ended December 2007 |
2007
£m |
2006
£m |
| Net revenues |
5,269 |
4,922 |
| Adjusted operating profit* |
1,190 |
1,059 |
| Net finance income/(expense) |
(24) |
(36) |
| Adjusted profit on ordinary activities before taxation* |
1,166 |
1,023 |
| Tax on profit on ordinary activities* |
(261) |
(237) |
| Adjusted profit for the year* |
905 |
786 |
Earnings per ordinary share*
(On adjusted profit for the year, basic) |
126.6p |
109.1p |
Earnings per ordinary share*
(On adjusted profit for the year, diluted) |
123.4p |
107.1p |
* adjusted to exclude the impact of exceptional items
(2007: £43m credit, 2006: £149m charge)
Approved by the Board on 13 March 2008
|
| Adrian Bellamy |
Director |
Bart Becht
|
Director |