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| All figures in £ millions | 2003 | 2004 | 2005 | 2006 | 2007 |
|---|---|---|---|---|---|
| Sales | |||||
| Continuing operations | 3,510 | 3,340 | 3,662 | 3,990 | 4,162 |
| Discontinued businesses included in adjusted sales* | 73 | 66 | 63 | 61 | 56 |
| Adjusted sales* | 3,583 | 3,406 | 3,725 | 4,051 | 4,218 |
| Discontinued businesses excluded from adjusted sales* | 436 | 480 | 398 | 372 | 111 |
| Total sales* | 4,019 | 3,886 | 4,123 | 4,423 | 4,329 |
| Adjusted sales - continuing as reported** | 3,850 | 3,696 | 4,096 | 4,051 | 4,218 |
| School | 1,149 | 1,087 | 1,295 | 1,455 | 1,537 |
| Higher Education | 770 | 729 | 779 | 795 | 793 |
| Professional* | 318 | 300 | 301 | 341 | 354 |
| Education* | 2,237 | 2,116 | 2,375 | 2,591 | 2,684 |
| FT Publishing | 233 | 235 | 249 | 280 | 344 |
| Interactive Data | 273 | 269 | 297 | 332 | 344 |
| FT Group | 506 | 504 | 546 | 612 | 688 |
| Penguin | 840 | 786 | 804 | 848 | 846 |
| Continuing* | 3,583 | 3,406 | 3,725 | 4,051 | 4,218 |
| Discontinued | 436 | 480 | 398 | 372 | 111 |
| Total sales | 4,019 | 3,886 | 4,123 | 4,423 | 4,329 |
| Adjusted operating profit | |||||
| School | 116 | 108 | 147 | 184 | 203 |
| Higher Education | 142 | 129 | 156 | 161 | 161 |
| Professional* | 33 | 18 | 25 | 38 | 40 |
| Education* | 291 | 255 | 328 | 383 | 404 |
| FT Publishing | (31) | (2) | 17 | 27 | 56 |
| Interactive Data | 70 | 67 | 80 | 89 | 97 |
| FT Group | 39 | 65 | 97 | 116 | 153 |
| Penguin | 83 | 52 | 60 | 66 | 74 |
| Continuing* | 413 | 372 | 485 | 565 | 631 |
| Discontinued | 34 | 54 | 21 | 27 | 3 |
| Total adjusted operating profit | 447 | 426 | 506 | 592 | 634 |
| Adjusted operating profit - continuing as reported** | 416 | 400 | 509 | 565 | 631 |
| Operating margin - continuing as reported** | 10.8% | 10.8% | 12.4% | 13.9% | 15.0% |
| Adjusted earnings | |||||
| Total adjusted operating profit | 447 | 426 | 506 | 592 | 634 |
| Interest | (90) | (76) | (84) | (90) | (85) |
| Tax*** | (116) | (108) | (128) | (130) | (145) |
| Minorities | (22) | (23) | (22) | (28) | (32) |
| Adjusted earnings*** | 219 | 219 | 272 | 344 | 372 |
| Weighted average shares | 794.4 | 795.6 | 797.9 | 798.4 | 796.8 |
| Adjusted earnings per share** | 27.6p | 27.5p | 34.1p | 43.1p | 46.7p |
| Operating cash flow | 318 | 418 | 570 | 575 | 684 |
| Operating cash conversion | 71% | 98% | 113% | 97% | 108% |
| Operating free cash flow | 208 | 278 | 440 | 434 | 533 |
| Operating free cash flow pre share | 26.2p | 34.9p | 55.1p | 54.4p | 66.9p |
| Free cash flow | 190 | 284 | 431 | 433 | 407 |
| Free cash flow per share | 23.9p | 35.7p | 54.0p | 54.2p | 51.1p |
| Net assets | 3,161 | 3,014 | 3,733 | 3,644 | 3,874 |
| Net debt | 1,376 | 1,221 | 996 | 1,059 | 973 |
| Return on invested capital | |||||
| Total adjusted operating profit | 447 | 426 | 506 | 592 | 634 |
| Cash tax (15%) | (67) | (64) | (76) | (89) | (95) |
| Return | 380 | 362 | 430 | 503 | 539 |
| Invested capital | 6,315 | 5,879 | 6,454 | 6,280 | 6,592 |
| Return on invested capital | 6.0% | 6.2% | 6.7% | 8.0% | 8.2% |
| Dividend per share | 24.2p | 25.4p | 27.0p | 29.3p | 31.6p |
* Includes Data Management business classified as discontinued for statutory purposes
** Includes Governement Solutions and Les Echos in continuing for 2003 and 2005
*** 2006 and 2007 restated for tax deductability of goodwill and intangible amortisation (2003, 2004 and 2005 not restated)