Financial summary

Six months ended 31 March 2010 2009 Increase
Continuing operations
Revenue      
Constant currency £7,104m £7,039m 0.9%
Reported £7,104m £6,927m 2.6%
Operating profit      
Constant currency £504m £460m 9.6%
Underlying £504m £455m 10.8%
Reported £500m £453m 10.4%
Operating margin      
Constant currency 7.0% 6.5% 50bps
Underlying 7.0% 6.5% 50bps
Reported 7.0% 6.5% 50bps
Profit before tax      
Underlying £462m £405m 14.1%
Reported £459m £387m 18.6%
Basic earnings per share      
Underlying 18.0p 15.4p 16.9%
Reported 17.9p 14.7p 21.8%
Free cash flow      
Reported £351m £240m 46.3%
Total Group including
discontinued operations
     
Basic earnings per share 17.9p 15.4p 16.2%
Total dividend per ordinary share
5.0p
4.4p
13.6%
1
Constant currency restates the prior period results to 2010’s average exchange rates.
2
Operating profit includes share of profit of associates.
3
Underlying operating profit and margin excludes the amortisation of intangibles arising on acquisition and acquisition transaction costs.
4
Operating margin is based on revenue and operating profit excluding share of profit of associates.
5
Underlying operating margin excludes the amortisation of intangibles arising on acquisition and acquisition transaction costs.
6
Underlying profit before tax excludes the amortisation of intangibles arising on acquisition, acquisition transaction costs, hedge accounting ineffectiveness and the change in fair value of investments and minority interest put options.
7
Underlying basic earnings per share excludes the amortisation of intangibles arising on acquisition, acquisition transaction costs, hedge accounting ineffectiveness, the change in fair value of investments and minority interest put options and the tax attributable to these amounts.
8
Organic growth is calculated by adjusting for acquisitions (excluding current period acquisitions and including a full period in respect of prior period acquisitions), disposals (excluded from both periods) and exchange rate movements (translating the prior period at current year exchange rates) and compares the current period results against the prior year.
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