|
Notes
1 Analysis of revenue and operating profit
| |
Revenue |
Operating profit* |
 |
|
| |
2007
£m |
2006
£m |
2007
£m |
2006
£m |
|
|
| North America |
1,839.0 |
1,896.8 |
123.3 |
131.2 |
| UK & Ireland |
994.3 |
774.6 |
74.5 |
59.7 |
| Continental Europe |
616.0 |
544.7 |
50.0 |
40.9 |
| Rest of the World |
132.6 |
117.1 |
10.8 |
9.6 |
| Corporate |
|
|
(15.7) |
(15.1) |
|
| |
3,581.9 |
3,333.2 |
242.9 |
226.3 |
|
|
*Before intangible amortisation.
2 Income tax
A tax charge at a rate of 31.6% (2006: 32.0%) has been provided on the profit before tax and intangible amortisation. Including the impact of
intangible amortisation of £24.4m (2006: £19.9m) and the related deferred tax of £7.1m (2006: £6.7m), the overall tax rate is 31.9% (2006: 31.8%).
3 Earnings per share
| |
2007
£m |
2006
£m |
|
|
| Profit for the year |
130.1 |
129.4 |
| Adjustment |
17.3 |
13.2 |
|
| Adjusted profit* |
147.4 |
142.6 |
|
|
|
| Basic weighted average ordinary shares in issue (million) |
326.9 |
342.1 |
| Dilutive effect of employee share plans (million) |
1.8 |
2.6 |
|
| Diluted weighted average ordinary shares (million) |
328.7 |
344.7 |
|
|
|
| Basic earnings per share |
39.8p |
37.8p |
| Adjustment |
5.3p |
3.9p |
|
| Adjusted earnings per share* |
45.1p |
41.7p |
|
|
| Diluted basic earnings per share |
39.6p |
37.5p |
|
|
*Adjusted profit and adjusted earnings per share exclude the charge for intangible amortisation and the related deferred tax. This adjustment
removes a non-cash charge which is not taken into account by management when assessing the underlying performance of the businesses.
4 Dividends
| |
Per share |
Total |
|
|
| |
2007 |
2006 |
2007
£m |
2006
£m |
|
|
| 2005 final |
|
10.8p |
|
36.5 |
| 2006 interim |
|
5.3p |
|
17.6 |
| 2006 final |
11.7p |
|
38.6 |
|
| 2007 interim |
5.8p |
|
18.6 |
|
|
| Total |
17.5p |
16.1p |
57.2 |
54.1 |
|
|
The 2007 final dividend of 12.9p per share will be paid on 3 July 2008 to shareholders on the register at the close of business on 9 May 2008.
Total dividends for the year to which they relate are:
| |
|
Per share |
|
|
|
|
| |
|
|
2007 |
2006 |
|
|
| Interim |
|
|
5.8p |
5.3p |
| Final |
|
|
12.9p |
11.7p |
|
| Total |
|
|
18.7p |
17.0p |
|
|
5 Cash and cash equivalents and net debt
| |
2007
£m |
2006
£m |
|
|
| Cash at bank and in hand |
69.0 |
45.2 |
| Short term deposits repayable in less than three months |
7.0 |
3.8 |
|
| Cash and deposits |
76.0 |
49.0 |
| Bank overdrafts |
(20.3) |
(23.9) |
|
| Cash and cash equivalents |
55.7 |
25.1 |
|
Interest bearing loans and borrowings |
| Current liabilities |
(79.4) |
(4.3) |
| Non-current liabilities |
(656.4) |
(456.9) |
| Derivative assets – fair value of interest rate swaps hedging fixed interest rate borrowings |
12.5 |
5.4 |
|
| Net debt |
(667.6) |
(430.7) |
|
|
|
