2007 REVIEW
FINANCIAL HIGHLIGHTS		  
£m (other than percentages and per share amounts in pence)
  2007 2006 change
 
Revenue
Continuing operations		 979.4 950.1 3%
 
Underlying operating profit *
Continuing operations 		105.7 102.8 3%
Operating profit from continuing operations 130.1 94.8 37%
 
Underlying operating margin Continuing operations 10.8% 10.8%
 
Net interest (19.3) (24.6)
Underlying profit before tax from continuing operations 86.4 78.2 10%
Restructuring costs and amortisation of acquired intangibles net of gains a disposal of businesses 24.4 (8.0)  
Profit before tax from continuing operations 110.8 70.2 58%
Loss after tax from discontinued operations - (76.2)
Profit on disposal after tax - 16.5
Profit/(loss) for the period 87.2 (10.2) 955%
 
Earnings per ordinary share
Basic
Continuing and discontinued operations:
Adjusted†		 15.4p 14.9p 3%
Unadjusted 21.2p (2.2)p 1064%
Continuing operations:
Adjusted†		 15.4p 11.4p 35%
Unadjusted 21.2p 10.3p 106%
Diluted
Continuing and discontinued operations:
Adjusted†		 15.3p 14.9p 3%
Unadjusted 21.1p (2.1)p 1105%
Continuing operations:
Adjusted†		 15.3p 11.4p 34%
Unadjusted 21.1p 10.3p 105%
Dividends per ordinary share 7.6p 8.5p (11)%
 
Cash generated by operations
 96.7 128.3 (25)%
Free cash inflow** 18.1 3.1 (484)%
Net debt 375.2 356.9  
Net debt to EBITDA 2.8x 2.7x  
 

* operating profit from continuing operations before restructuring costs, amortisation of acquired intangibles and non-recurring items

** cash generated by operations plus dividends from associates, less tax, interest, preference dividends and net capital expenditure

*** underlying operating profit divided by the net interest charge

† earnings per share before restructuring costs, amortisation of acquired intangibles and non-recurring items

The definitions as outlined above are consistently applied throughout the annual report.