Performance highlights

Adjusted operating profit (bar chart)
  1. 1 Before exceptional items and amortisation of acquired intangible assets.

  2. 2 The results for the year ended 31 March 2010 have been restated to reflect the reclassification of the Sugars segment as discontinued operations.

Adjusted diluted earnings per share (bar chart)
  1. 1 Before exceptional items and amortisation of acquired intangible assets.
  2. 2 The results for the year ended 31 March 2010 have been restated to reflect the reclassification of the Sugars segment as discontinued operations.
Dividend per share (bar chart)
Net debt (bar chart)
  1. 3 Exchange rate movements reduced net debt by £27 million in the year ended 31 March 2011. Excluding movements in exchange rates, net debt reduced by £323 million.
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Year to 31 March

Statutory results

2011

2010

Operating profit/(loss)

£303m

£(44)m

Profit/(loss) before tax (continuing operations)

£245m

£(116)m

Profit for the year (total operations)

£167m

£19m

Diluted earnings per share (total operations)

34.7p

3.3p

Basis of preparation

Unless stated otherwise, the Group’s financial statements are prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the EU.

Adjusted operating profit, adjusted profit before tax and adjusted earnings per share

Unless stated otherwise, adjusted operating profit, adjusted profit before tax and adjusted earnings per share in this annual report and accounts exclude discontinued operations and are before exceptional items and amortisation of acquired intangible assets.

Amortisation

Unless stated otherwise, the use of ‘amortisation’ or ‘amortisation of acquired intangibles’ in the Director´s report in this annual report relates to the amortisation of intangible assets acquired through business combinations.

Continuing operations

Unless stated otherwise, all comments in this annual report and accounts refer to the continuing operations adjusted to exclude exceptional items and amortisation of acquired intangible assets. A reconciliation of reported and adjusted information is included in Note 43.