x

Financial performance

 

2021

$m

Restated

2020

$m

Restated

2019

$m

Restated

2018

$m

Restated

2017

$m

Revenue:          
USA 21,478 18,857 18,358 16,670 15,193
Canada and Central Europe 1,314 1,083 1,371 1,514 1,543
Continuing operations 22,792 19,940 19,729 18,184 16,736
Underlying trading profit:          
USA 2,073 1,587 1,508 1,406 1,224
Canada and Central Europe 76 43 76 83 71
Central and other costs (50) (38) (45) (60) (54)
Continuing Operations 2,099 1,592 1,539 1,429 1,241
Impact of IFRS 16 77 68 - - -
Amortization of acquired intangible assets
(131) (114) (110) (65) (81)
Exceptional items (11) (97) (50) (11) 267
Operating profit 2,034 1,449 1,379 1,353 1,427
Net finance costs (144) (140) (74) (53) (54)
Share of profit/(loss) after tax of associates (1) (2) 2 2 (1)
Gain on disposal of interests in associates and other investments - 7 3 - -
Impairment of interest in associates - (22) (9) (122) -
Profit before tax
1,891 1,292

1,301

1,180
1,372
Tax (241) (317) (259) (343) (364)
Profit from continuing operations 1,650 975 1,042 837 1,008
(Loss)/profit from discontinued operations (142) 14 66 430 (88)
Profit for the year attributable to shareholders of company 1,508 961 1,108 1,267 920
Ordinary dividends
(630) (327)
(449)
(390)
(328)
Special dividends (404) - - (974) -
Total dividends (1,034) (327) (449) (1,364) (328)
Net assets employed:          
Intangible fixed assets 2,303 2,242 2,079 1,716 1,413
Right of use assets 895 1,111 - - -
Property, plant & equipment 1,305 1,389 1,349 1,086 1,068
Other net assets, excluding liquid funds 2,752 1,996 2,117 2,336 2,768
  7.255 6,738 5,545 5,138 5,249
Financed by:          
Share capital
30

30

30

45
45
Share premimum 9 9 9 67 67
Retained earnings and other reserves 4,771 4,332 4,311 3,946 4,431
Equity attributable to shareholders of the Company
4,810 4,371 4,350 4,058 4,543
Net debt 1,355 1,012 1,195 1,080 706
Lease liabilities 1,090 1,335 - - -
Net assets employed 7,255 6,738 5,545 5,138 5,249