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Corporate and Operating
Measures

Sales - underlying and constant exchange rate movement
Sales movement excluding the impact of acquisitions and disposals and movements in exchange rates.
  2004
All figures in £ millions Continuing Discontinued Total
Underlying increase 111 25 136
Portfolio changes 41 - 41
Exchange differences (302) (4) (306)
Total sales decrease (150) 21 (129)
Underlying increase 3%   3%
Constant exchange rate increase 4%   4%

Adjusted operating profit - underlying and constant exchange rate movement
Operating profit movement excluding the impact of acquisitions and disposals and movements in exchange rates.
  2004
All figures in £ millions Continuing Discontinued Total
Underlying decrease 30 (5) 25
Portfolio changes (8) - (8)
Exchange differences (51) (1) (52)
Adjusted operating profit decrease (29) (6) (35)
Underlying increase 7%   5%
Constant exchange rate increase 5%   3%

Free cash flow per share
Operating cash flow less tax, interest and integration costs paid, divided by the weighted average number of shares in issue.
All figures in £ millions 2004
Adjusted operating profit* 455
Cash conversion 93%
Operating cash flow 422
Tax paid on operating profits (55)
Net interest paid (85)
Operating free cash flow 282
Non operating tax received 10
Integration costs (4)
Total free cash flow 288
Weighted average number of shares in issue (millions) 795.6
Operating free cash flow per share 35.4p
Total free cash flow per share 36.2p

*Before goodwill charge and non operating items.

Return on invested capital*
Adjusted operating profit less cash tax expressed as a percentage of gross invested capital.
All figures in £ millions 2004
Adjusted operating profit 455
Cash tax (15%) (68)
Return 387
Gross goodwill 5,029
Net operating assets 1,196
Invested capital 6,225
Return on invested capital 6.2%

*Before goodwill charge and non operating items.

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