Supplemental financial information (unaudited)
   
 
Analysis of movements in net debt
 
  Year ended
3 January
2009
$ million		 Year ended
29 December
2007
$ million		 Year ended
30 December
2006
$ million
Cash generated from operations 628.7 638.7 607.8
Capital expenditure:      
– Purchase of property, plant and equipment (183.2) (231.3) (193.8)
– Purchase of computer software (10.6) (5.2) (38.3)
  (193.8) (236.5) (232.1)
Disposal of property, plant and equipment 7.9 39.6 25.9
Operating cash flow 442.8 441.8 401.6
Tax:      
– Income taxes paid (116.3) (110.4) (151.8)
– Income taxes received 31.8 24.2 9.4
  (84.5) (86.2) (142.4)
Interest and preference dividends:      
– Interest element of finance lease rental payments (0.5) (1.4) (1.1)
– Interest received 11.2 12.2 18.7
– Interest paid (55.0) (64.8) (71.1)
– Preference dividend paid – (2.0) (13.0)
  (44.3) (56.0) (66.5)
Other movements:      
– Capitalisation of development costs (0.6) (0.4) (0.6)
– Dividends received from associates 0.6 1.4 0.6
– Investment by a minority shareholder in a subsidiary 0.4 3.8 5.9
– Dividend paid to a minority shareholder in a subsidiary (13.5) (14.4) (14.7)
  (13.1) (9.6) (8.8)
Free cash flow to equity shareholders 300.9 290.0 183.9
Ordinary dividends (246.2) (247.3) (217.3)
Acquisitions and disposals:      
– Purchase of subsidiaries, net of cash acquired (65.0) (17.0) (201.0)
– Sales of businesses and subsidiaries, net of cash disposed 124.6 216.3 12.5
– Leases disposed of on sale of businesses – 6.1 –
– Purchase of available-for-sale investments (0.1) (0.2) (0.2)
– Sale of available-for-sale investments 1.6 0.6 0.6
– Debt acquired on acquisition of subsidiaries (0.8) – –
– Purchase of interests in associates (10.4) (3.8) (3.5)
  49.9 202.0 (191.6)
Ordinary share movements:      
– Issue of ordinary shares 0.2 2.4 27.3
– Purchase of own shares (4.7) (6.9) (8.7)
  (4.5) (4.5) 18.6
Foreign currency movements:      
– Cash and cash equivalents (21.2) 19.5 44.2
– Other net debt 215.9 (42.5) (110.2)
– (Payments)/receipts on foreign currency derivatives (178.6) (16.3) 59.9
  16.1 (39.3) (6.1)
Cash movement in net debt 116.2 200.9 (212.5)
Non-cash movements (1.1) (1.6) 2.0
Conversion of preference shares – 130.0 390.7
Decrease in net debt 115.1 329.3 180.2
 
Analysis of underlying changes
 
2007 compared with 2008
 
$ million, unless stated otherwise Industrial &
Automotive		 Building
Products		 Corporate Total
Sales        
2007 4,312.7 1,573.4 – 5,886.1
Exchange rate effect 159.2 (1.3) – 157.9
Disposals (255.0) (13.8) – (268.8)
Like–for–like basis 4,216.9 1,558.3 – 5,775.2
Acquisitions 22.4 41.1 – 63.5
Underlying change (178.5) (144.3) – (322.8)
2008 4,060.8 1,455.1 – 5,515.9
         
Underlying change(1) (4.2)% (9.3)% – (5.6)%
         
Adjusted operating profit        
2007 477.4 106.5 (53.4) 530.5
Exchange rate effect 18.9 (0.2) 1.7 20.4
Disposals (20.3) (1.9) 0.1 (22.1)
Like–for–like basis 476.0 104.4 (51.6) 528.8
Acquisitions 7.2 3.1 – 10.3
Underlying change (123.5) (27.3) 15.1 (135.7)
2008 359.7 80.2 (36.5) 403.4
         
Underlying change(1) (25.9)% (26.1)% 29.3% (25.7)%
         
2006 compared with 2007        
         
$ million, unless stated otherwise Industrial &
Automotive		 Building
Products		 Corporate Total
Sales        
2006 3,984.0 1,762.1 – 5,746.1
Exchange rate effect 135.1 5.4 – 140.5
Disposals (26.6) (90.2) – (116.8)
Like–for–like basis 4,092.5 1,677.3 – 5,769.8
Acquisitions 23.6 40.9 – 64.5
Underlying change 196.6 (144.8) – 51.8
2007 4,312.7 1,573.4 – 5,886.1
         
Underlying change(1) 4.9% (8.2)% – 0.9%
         
Adjusted operating profit        
2006 444.3 153.6 (52.6) 545.3
Exchange rate effect 14.2 0.6 (4.2) 10.6
Disposals (0.6) (8.7) – (9.3)
Like–for–like basis 457.9 145.5 (56.8) 546.6
Acquisitions 4.6 1.9 – 6.5
Underlying change 14.9 (40.9) 3.4 (22.6)
2007 477.4 106.5 (53.4) 530.5
         
Underlying change(1) 3.4% (26.6)% 6.5% (4.1)%
 
(1) The underlying percentage change is calculated by taking the underlying change as a percentage of the like-for-like basis.