2 Segmental analysis
  Group turnover Profit before interest Net assets1
  2004
£m		 Restated2
2003
£m		 2004
£m		 Restated2
2003
£m		 2004
£m		 Restated2
2003
£m
Analysis by business:
  Civil aerospace 3,040 2,694 165 82 1,142 1,099
  Defence 1,374 1,398 155 132 47 69
  Marine 963 1,003 40 39 567 577
  Energy 489 508 8 23 387 346
  Financial services3 73 42 8 (6) 244 375
  5,939 5,645 376 270 2,387 2,466
Geographical analysis by origin:
  United Kingdom 3,785 3,467 129 76 1,589 1,444
  Other 2,154 2,178 247 194 798 1,022
  5,939 5,645 376 270 2,387 2,4664
Geographical analysis by destination:  
  United Kingdom 915 1,006        
  Rest of Europe 954 919        
  USA 1,944 2,061        
  Canada 205 129        
  Asia 1,290 1,047        
  Africa 196 110        
  Australasia 85 70        
  Other 350 303        
  5,939 5,645        
Exports from United Kingdom 2,919 2,434        
Sales to overseas subsidiaries (297) (247)        
Sales by overseas subsidiaries 2,393 2,425        
Sales by overseas joint arrangements 9 27        
Total overseas 5,024 4,639        
 
1 Net assets exclude net debt of £80m (2003 net debt of £323m).
2 2003 restated for adoption of UITF 38 (see note 1) and additionally for the transfer of the Diesels business from Energy to Marine.
3 The turnover of financial services businesses including share of joint ventures is £130m (2003 £127m).
4 2003 has been re-presented to more accurately reflect a reclassification of inter-company eliminations.

The reconciliation to underlying profit before taxation is as follows:
  2004 Restated 20031
  Underlying profit before interest £m Non-trading items £m Profit before interest £m Underlying profit before interest £m Exceptional items £m Other non-trading items £m Profit before interest £m
Civil aerospace 170 (5) 165 131 (34) (15) 82
Defence 155 — 155 147 (11) (4) 132
Marine 67 (27) 40 78 (7) (32) 39
Energy 14 (6) 8 23 (1) 1 23
Financial services 9 (1) 8 (4) (1) (1) (6)
  415 (39)2 376 375 (54)3 (51)2 270
 
Interest (70)     (90)      
Underlying profit before taxation 345     285      
 
1 2003 restated for adoption of UITF 38 (see note 1) and additionally for the transfer of the Diesels business from Energy to Marine.
2 Comprising amortisation of goodwill £47m (2003 £48m), profit on sale of businesses £9m (2003 £6m) and loss on sale of fixed assets £1m (2003 loss of £9m).
3 Rationalisation costs see note 3.