| Income statement/Profit and loss account | Notes | 2006 £m |
2005 £m |
2004 £m |
20031 £m |
20021 £m |
|---|---|---|---|---|---|---|
| Revenue/Group turnover | 7,156 | 6,603 | 5,947 | 5,645 | 5,788 | |
| Profit before net research and development and share of joint venture profit | 1,016 | 1,113 | 686 | 499 | 443 | |
| Research and development (net) | 1 | (370) | (282) | (288) | (281) | (297) |
| Share of profit of joint ventures | 2 | 47 | 46 | 19 | 52 | 66 |
| Profit before financing/profit on ordinary activities before interest | 693 | 877 | 417 | 270 | 212 | |
| Net financing/interest payable | 3 | 698 | (400) | (53) | (90) | (107) |
| Profit before taxation | 1,391 | 477 | 364 | 180 | 105 | |
| Taxation | 4 | (397) | (130) | (100) | (64) | (52) |
| Profit for the year | 994 | 347 | 264 | 116 | 53 | |
| Attributable to: | ||||||
| Equity holders of the parent | 998 | 350 | 263 | 116 | 53 | |
| Minority interests | (4) | (3) | 1 | — | — | |
| 994 | 347 | 264 | 116 | 53 | ||
| Notes | ||||||
| 1 Research and development (gross) | (747) | (663) | (601) | (619) | (590) | |
| 2 Under IFRS, share of profit of joint ventures is net of share of interest and taxation charges of | (35) | (34) | (31) | — | — | |
| 3 Under UK GAAP, interest payable includes the joint ventures share of | — | — | — | (24) | (35) | |
| 4 Under UK GAAP, taxation includes the joint ventures share of | — | — | — | (10) | (9) | |
| Earnings per ordinary share: | ||||||
| Underlying – IFRS | 29.81p | 24.48p | 15.62p | — | — | |
| Basic – IFRS | 57.32p | 20.11p | 15.56p | — | — | |
| Underlying – UK GAAP | — | — | — | 12.20p | 11.10p | |
| Basic – UK GAAP | — | — | — | 7.04p | 3.29p | |
| Payments to shareholders per ordinary share | 9.59p | 8.72p | 8.18p | 8.18p | 8.18p |
| Balance sheet | 2006 £m |
2005 £m |
2004 £m |
20031 £m |
20021 £m |
|---|---|---|---|---|---|
| Assets | 10,378 | 9,319 | 8,114 | 7,414 | 7,296 |
| Liabilities | (7,653) | (7,814) | (6,668) | (5,271) | (5,262) |
| 2,725 | 1,505 | 1,446 | 2,143 | 2,034 | |
| Called-up share capital | 356 | 352 | 346 | 333 | 323 |
| Reserves | 2,362 | 1,147 | 1,096 | 1,807 | 1,709 |
| Equity attributable to equity holders of the parent | 2,718 | 1,499 | 1,442 | 2,140 | 2,032 |
| Minority interests | 7 | 6 | 4 | 3 | 2 |
| 2,725 | 1,505 | 1,446 | 2,143 | 2,034 |
| Cash flow | 2006 £m |
2005 £m |
2004 £m |
20031 £m |
20021 £m |
|---|---|---|---|---|---|
| 1 Amounts as previously reported under UK GAAP. | |||||
| Cash inflow from operating activities | 1,072 | 1,060 | 610 | 673 | 611 |
| Cash outflow from investing activities – IFRS | (469) | (289) | (237) | — | — |
| Capital expenditure and financial investment – UK GAAP | — | — | — | (198) | (381) |
| Acquisitions and disposals – UK GAAP | — | — | — | (16) | (20) |
| Cash (outflow)/inflow from financing activities – IFRS | (122) | (443) | 189 | — | — |
| Interest, dividends and taxation – UK GAAP | — | — | — | (176) | (222) |
| Management of liquid resources – UK GAAP | — | — | — | (90) | 217 |
| Financing – UK GAAP | — | — | — | (17) | (81) |
| Increase in cash and cash equivalents (IFRS)/Increase in cash (UK GAAP) | 481 | 328 | 562 | 176 | 124 |