Financial Highlights
Full year 2005
2005 | 2004 | Headline Growth % |
Underlying Growth % | ||||
---|---|---|---|---|---|---|---|
£M | $M | £M | $M | ||||
Business performance | |||||||
Sales - continuing | 4,096 | 7,045 | 3,696 | 6,357 | 11 | 9 | |
Adjusted operating profit - continuing |
509 | 875 | 400 | 688 | 27 | 22 | |
Adjusted profit before tax | 422 | 726 | 350 | 602 | 21 | 23 | |
Adjusted earnings per share | 34.1p | 58.7¢ | 27.5p | 47.3¢ | 24 | 24 | |
Operating cash flow | 570 | 980 | 418 | 719 | 36 | - | |
Free cash flow | 431 | 741 | 284 | 488 | 52 | - | |
Return on invested capital | 6.7% | 6.2% | - | 1.0% pts | |||
Net Debt | 996 | 1,713 | 1,221 | 2,100 | 18 | - | |
Statutory results | |||||||
Operating profit | 536 | 922 | 404 | 695 | 33 | - | |
Profit before tax | 466 | 802 | 325 | 559 | 43 | - | |
Basic earnings per share | 78.2p | 134.5¢ | 32.9p | 56.6¢ | 138 | - | |
Basic earnings per share - continuing |
40.4p | 69.5¢ | 30.8p | 53.0¢ | 31 | - | |
Cash flow from operations | 875 | 1,505 | 705 | 1,213 | 24 | - | |
Dividend per share | 27.0p | 46.4¢ | 25.4p | 43.7¢ | 6 | - |
The profit measures within business performance above are presented on an adjusted basis to exclude: i) other net gains and losses arising in connection with the sale of subsidiaries, investments and associates; ii) amortisation of acquired intangible assets; and iii) short-term fluctuations in the market value of financial instruments (under IAS 39) and other currency movements (under IAS 21). Growth rates are on an underlying basis, excluding the impact of currency movements and portfolio changes. The underlying growth in the return on invested capital represents the constant currency growth.
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