| Year ended 31 March | ||
| 2008 US$m |
2007 US$m |
|
|---|---|---|
| Revenue | 4,130 | 3,481 |
| Cost of sales | (2,016) | (1,681) |
| Gross profit | 2,114 | 1,800 |
| Operating expenses | (1,460) | (1,327) |
| Operating profit | 654 | 473 |
| Net financing costs | (155) | (146) |
| Share of post-tax profits of associates | 50 | 67 |
| Profit before tax | 549 | 394 |
| Group tax expense | (97) | (68) |
| Profit after tax and for the financial year from continuing operations | 452 | 326 |
| Non-GAAP measures | ||
| Reconciliation of profit before tax to Benchmark PBT | ||
| 2008 US$m |
2007 US$m |
|
| Profit before tax | 549 | 394 |
| exclude: exceptional items | 63 | 162 |
| exclude: amortisation of acquisition intangibles | 121 | 76 |
| exclude: goodwill adjustment | 2 | 14 |
| exclude: charges in respect of the demerger-related equity incentive plans | 49 | 24 |
| exclude: financing fair value remeasurements | 29 | 35 |
| exclude: tax expense on share of profits of associates | 6 | 9 |
| Benchmark PBT - continuing operations | 819 | 714 |