Financial centre

Segmental results

Year ended 31 March 2008
Income statement
Year ended 31 March 2007
Income statement

Year ended 31 March 2008

Year ended 31 March 2008
US$m North America Latin America UK & Ireland EMEA/Asia Pacific Central activities
Total
Revenue 2,061 324 1,024 721 - 4,130
Profit            
Operating profit/(loss) 473 44 155 58 (76) 654
Net financing costs - - - - (155) (155)
Share of post-tax profits of associates 49 - - 1 - 50
Profit/(loss) before tax 522 44 155 59 (231) 549
Group tax expense           (97)
Profit for the financial year           452
 
             
Reconciliation from EBIT to profit/(loss) before tax            
EBIT 608 75 232 87 (57) 945
Net interest - - - - (126) (126)
Benchmark PBT 608 75 232 87 (183) 819
Exceptional items (12) - (28) (17) (6) (63)
Amortisation of acquisition intangibles (48) (31) (35) (7) - (121)
Goodwill adjustment (2) - - - - (2)
Charges in respect of the demerger-related equity incentive plans (18) - (14) (4) (13) (49)
Financing fair value remeasurements - - - - (29) (29)
Tax expense on share of profit of associates (6) - - - - (6)
Profit/(loss) before tax 522 44 155 59 (231) 549

EBIT for Central activities represents corporate head office costs which include costs arising from finance, treasury and other global functions.


Year ended 31 March 2007


Year ended 31 March 2007
US$m North America Latin America UK & Ireland EMEA/Asia Pacific Central activities Total
Revenue 1,989 5 907 591 - 3,492
Profit            
Operating profit/(loss) 436 (4) 176 68 (203) 473
Net financing costs - - - - (146) (146)
Share of post-tax profit of associates 67 - - - - 67
Profit/(loss) before tax 503 (4) 176 68 (349) 394
Group tax expense           (68)
Profit for the financial year           326
             
             
Reconciliation from EBIT to profit/(loss) before tax            
EBIT 566 (4) 236 74 (47) 825
Net interest expense - - - - (111) (111)
Benchmark PBT 566 (4) 236 74 (158) 714
Exceptional items 15 - (26) - (151) (162)
Amortisation of acquisition intangibles (45) - (27) (4) - (76)
Goodwill adjustment (14) - - - - (14)
Charges in respect of the demerger-related equity incentive plans (10) - (7) (2) (5) (24)
Financing fair value remeasurements
- - - - (35) (35)
Tax expense on share of profit of associates (9) - - - - (9)
Profit before tax 503 (4) 176 68 (349) 394

EBIT for Central activities represents corporate head office costs which include costs arising from finance, treasury and other global functions.

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