Business segment analysis
| |
|
|
|
|
2005 |
| |
Revenue
£m |
Profit
from
operations
£m |
Operating
margin
% |
Underlying
profit from
operations
£m |
Underlying
margin
% |
| Americas Beverages |
1,781 |
537 |
30.1 |
524 |
29.4 |
| Americas Confectionery |
1,228 |
153 |
12.4 |
172 |
14.0 |
| EMEA |
2,333 |
334 |
14.3 |
336 |
14.4 |
| Asia Pacific |
1,157 |
143 |
12.3 |
157 |
13.5 |
| Central |
9 |
(164) |
n/a |
(156) |
n/a |
| |
6,508 |
1,003 |
15.4 |
1,033 |
15.9 |
| Share of results in associates |
|
28 |
|
|
|
| Profit before Financing and Taxation |
|
1,031 |
|
|
|
| Investment revenue |
|
42 |
|
|
|
| Finance cost |
|
(230) |
|
|
|
| Profit before Taxation |
|
843 |
|
|
|
| Taxation |
|
(140) |
|
|
|
| Minority interests |
|
(11) |
|
|
|
| Profit for the Period from continuing operations |
|
692 |
|
|
|
| Discontinued operations (see Note 9) |
|
73 |
|
|
|
| Profit for the Period – Equity holders |
|
765 |
|
|
|
Reconciliation of profit from operations and profit before taxation to underlying performance measure
| |
|
|
|
|
|
2005 |
| |
Reported
performance
£m |
Reversal of
restructuring
costs £m |
Reversal of
amortisation
of brand
intangibles
£m |
Reversal of
non-trading items
£m |
IAS 39
adjustment
£m |
Underlying
performance
measure
£m |
| Americas Beverages |
537 |
6 |
2 |
(20) |
(1) |
524 |
| Americas Confectionery |
153 |
21 |
2 |
– |
(4) |
172 |
| EMEA |
334 |
22 |
– |
(5) |
(15) |
336 |
| Asia Pacific |
143 |
15 |
2 |
– |
(3) |
157 |
| Central |
(164) |
8 |
– |
– |
– |
(156) |
| Profit from Operations |
1,003 |
72 |
2 |
(25) |
(23) |
1,033 |
Business segment analysis
| |
2004 |
| |
Revenue
£m |
Profit
from
operations
£m |
Operating
margin
% |
Underlying
profit from
operations
£m |
Underlying
margin
% |
| Americas Beverages |
1,686 |
479 |
28.4 |
503 |
29.8 |
| Americas Confectionery |
1,093 |
100 |
9.1 |
143 |
13.1 |
| EMEA |
2,246 |
307 |
13.7 |
323 |
14.4 |
| Asia Pacific |
1,050 |
114 |
10.9 |
134 |
12.8 |
| Central |
10 |
(175) |
n/a |
(149) |
n/a |
| |
6,085 |
825 |
13.6 |
954 |
15.7 |
| Share of results in associates |
|
22 |
|
|
|
| Profit before Financing and Taxation |
|
847 |
|
|
|
| Investment revenue |
|
48 |
|
|
|
| Finance cost |
|
(253) |
|
|
|
| Profit before Taxation |
|
642 |
|
|
|
| Taxation |
|
(145) |
|
|
|
| Minority interests |
|
(22) |
|
|
|
| Profit for the Period from continuing operations |
|
475 |
|
|
|
Discontinued operations (see Note 9) |
|
50 |
|
|
|
| Profit for the Period – Equity holders |
|
525 |
|
|
|
In 2005 the Group introduced an improved allocation methodology for certain shared costs. The 2004 segmental analysis has been restated on a consistent basis.
Reconciliation of profit from operations and profit before taxation to underlying performance measure
| |
2004 |
| |
Reported
performance
£m |
Reversal of
restructuring
costs £m |
Reversal of
amortisation
of brand
intangibles
£m |
Reversal of
non-trading items
£m |
IAS 39
adjustment
£m |
Underlying
performance
measure
£m |
| Americas Beverages |
479 |
23 |
2 |
(1) |
n/a |
503 |
| Americas Confectionery |
100 |
41 |
2 |
- |
n/a |
143 |
| EMEA |
307 |
22 |
- |
(6) |
n/a |
323 |
| Asia Pacific |
114 |
18 |
2 |
- |
n/a |
134 |
| Central |
(175) |
36 |
1 |
(11) |
n/a |
(149) |
| Profit from Operations |
825 |
140 |
7 |
(18) |
n/a |
954 |
|
