Rolls-Royce is a global company providing power for
use on land, sea and air. The company has a balanced business
portfolio with leading positions in civil aerospace, defence,
marine and energy markets.
There are now some 54,000 Rolls-Royce gas turbines in
service and these generate a demand for high-value services
throughout their operational lives. Rolls-Royce is a
technology leader, employing 35,200 people and operating in 48
For the year ended December 31
Underlying profit before taxation*
Firm order book
Return on capital employed
Year-end net debt
Equity shareholders' funds
Earnings per ordinary share:
Payment to shareholders**
* excluding exceptional and non-trading items, defined in note 2.
** under new proposals, which will be put to shareholders at the Annual General Meeting on May 5, 2004 shareholders will receive 'B' Shares rather than a dividend. These shares can be redeemed for cash or converted into ordinary shares in the Group.