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