| UK GAAP | IFRS GAAP | ||||
| 2003 £m |
2004 £m |
2005 £m |
2006 £m |
2007 £m |
|
| Profit and loss account Sales |
1,573 | 1,611 | 1,578 | 1,505 | 1,599 |
| Profit before tax, exceptional items, goodwill and intangible amortisation |
137 | 161 | 176 | 175 | 185 |
| Goodwill and intangible amortisation |
(20) | (6) | (6) | (17) | (14) |
| Exceptional items | - | - | - | - | - |
| Profit before taxation | 117 | 155 | 170 | 158 | 171 |
| Balance sheet | |||||
| Net operating assets including intangible assets |
758 | 698 | 578 | 690 | 771 |
| Other non-operating liabilities (excluding borrowings) |
(79) | (67) | (146) | (193) | (125) |
| Net borrowings | (136) | (76) | (11) | (80) | (233) |
| Net assets | 543 | 555 | 421 | 417 | 413 |