Performance highlights


  2008
£
2007
£
Headline
growth
CER
growth
Underlying
growth
Business performance          
Sales 4,811 4,162 16% 8% 3%
Adjusted operating profit 762 619 23% 11% 5%
Adjusted profit before tax 674 549 23%    
Adjusted earnings per share 57.7p 46.7p 24%    
Operating cash flow 796 684 16%    
Total free cash flow 631 407 55%    
Total free cash flow per share 79.2p 51.1p 55%    
Return on invested capital 9.2% 8.9% 0.3% pts    
Net debt 1,460 973 (50)%    
           
Statutory results          
Operating profit 676 574 18%    
Profit before tax 585 468 25%    
Basic earnings per share - continuing 47.9p 39.0p 23%    
Cash generated from operations 894 659 36%    
Dividend per share 33.8p 31.6p 7%    
Note Throughout this document (unless otherwise stated), growth rates are stated on a constant exchange rate (CER) basis. Where quoted, underlying growth rates exclude both currency movements and portfolio changes. The ‘business performance’ measures are non-GAAP measures and reconciliations to the equivalent statutory heading under IFRS are included in notes 2, 8 and 33 to the annual report. Adjusted operating profit is stated on a continuing basis.


Sales
Adjusted operating profit


Sales by region
Adjusted operating profit by region