x

Financial performance

 

2020

$m

2019

$m

2018

$m

2017

$m

2016
$m
Revenue:          
USA 18,857 18,358 16,670 15,193 13,808
UK 1,879 2,281 2,568 2,548 2,915
Canada and Central Europe 1,083 1,371 1,514 1,543 1,602
Continuing operations 21,819 22,010 20,752 19,284 18,325
Underlying trading profit:          
USA 1,587 1,508 1,406 1,224 1,132
UK 8 65 73 96 108
Canada and Central Europe 43 76 83 71 77
Central and other costs (35) (43) (55) (50) (66)
Continuing Operations 1,603 1,606 1,507 1,341 1,251
Impact of IFRS 16 69 - - - -
Amortisation of acquired intangible assets
(130) (110) (65) (81) (70)
Impairment of acquired intangible assets - - - - (125)
Exceptional items (120) (94) (82) 218 (6)
Operating profit 1,422 1,402 1,360 1,478 1,050
Net finance costs (144) (74) (53) (54) (71)
Share of (loss)/profit after tax of associates (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
1,261

1,324

1,187
1,423
979
Tax (307) (263) (346) (370) (307)
Profit from continuing operations 954 1,061 841 1,053
672
Profit/(loss) from discontinued operations 7 47 426 (133) 159
Profit for the year attributable to shareholders of company 961 1,108 1,267 920 831
Ordinary dividends
(327)
(449)
(390)
(328)
(350)
Special dividends - - (974) - -
Total dividends (327) (449) (1,364) (328) (350)
Net assets employed:          
Intangible fixed assets 2,242 2,079 1,716 1,413 1,460
Right of use assets 1,111 - - - -
Property, plant & equipment 1,389 1,349 1,086 1,068 1,897
Other net assets, excluding liquid funds 1,996 2,117 2,336 2,768 1,721
  6,738 5,545 5,138 5,249 5,078
Financed by:          
Share capital

30

30

45
45
45
Share premimum 9 9 67 67 67
Retained earnings and other reserves 4,332 4,311 3,946 4,431 3,728
Equity attributable to shareholders of the Company
4,371 4,350 4,058 4,543 3,840
Net debt 1,012 1,195 1,080 706 1,238
Lease liabilities 1,335 - - - -
Net assets employed 6,738 5,545 5,138 5,249 5,078