Financial highlights
| Change | ||||
|---|---|---|---|---|
| Year to 31 July 2008 £m |
Year to 31 July 2007 £m |
Reported % |
In constant currency1 % |
|
| Group revenue | 16,549 | 16,221 | 2.0 | 0.0 |
| Group trading profit2 | 683 | 877 | ( 22.1 ) | ( 23.7 ) |
| Exceptional restructuring costs | ( 76 ) | – | ||
| Amortisation and impairment of acquired intangibles |
( 306 ) | ( 124 ) | ||
| Group operating profit | 301 | 753 | ( 60.1 ) | ( 60.8 ) |
| Group profit before tax, exceptional items and amortisation and impairment of acquired intangibles |
527 | 758 | ( 30.5 ) | ( 31.4 ) |
| Group profit before tax | 145 | 634 | ( 77.1 ) | ( 77.3 ) |
| Earnings per share, before exceptional items and amortisation and impairment of acquired intangibles |
56.58p | 87.80p | ( 35.6 ) | ( 36.6 ) |
| Basic earnings per share | 11.33p | 73.52p | ( 84.6 ) | ( 84.8 ) |
| Total dividend per share (interim paid, no final proposed in 2008) |
11.25p | 32.40p | ( 65.3 ) | |
1 Constant currency percentage changes are calculated by retranslating prior year amounts at the exchange rates used in the preparation of the financial statements for the year ended 31 July 2008.
2 Trading profit, a term used throughout this report, is defined as operating profit before exceptional items and the amortisation and impairment of acquired intangibles. Trading margin is the ratio of trading profit to revenues expressed as a percentage.
3 Cash conversion is the ratio of operating cash flow to trading profit.