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1 Segmental information

Primary reporting format – business segments

The Group is organised into three main business segments: the Marketing and Distribution Division, comprising the Americas and Europe and Asia Pacific, and the Industrial Products Division.

Revenue
Note 2009
(52 weeks)
£m		 2008
(53 weeks)
£m
Marketing and Distribution Division
Americas 359.6 326.7
Europe and Asia Pacific 367.5 344.2
Total Marketing and Distribution Division 727.1 670.9
Industrial Products Division 77.3 73.8
Continuing operations 804.4 744.7
Discontinued operations 23 – 19.3
804.4 764.0
Segment result
(operating profit)
2009
(52 weeks)		 2008
(53 weeks)
Before restructuring costs Restructuring costs Net of restructuring costs
Note £m £m £m £m
Continuing operations
Marketing and Distribution Division
Americas 33.5 (0.9) 32.6 31.0
Europe and Asia Pacific 52.2 (2.0) 50.2 53.4
Total Marketing and Distribution Division 85.7 (2.9) 82.8 84.4
Industrial Products Division 14.3 (0.2) 14.1 14.8
Head Office costs (11.2) (0.3) (11.5) (11.2)
Operating profit 88.8 (3.4) 85.4 88.0
Finance income (interest receivable) 3 0.7 0.9
Total finance costs 3 (13.3) (17.7)
Profit before taxation 72.8 71.2
Taxation 5 (21.1) (21.4)
Profit after taxation from continuing operations 51.7 49.8
Loss after taxation from discontinued operations 23 – (13.5)
Profit for the financial year (attributable to ordinary shareholders) 51.7 36.3
Segment assets Segment liabilities
2009
£m		 2008
£m		 2009
£m		 2008
£m
Marketing and Distribution Division
Americas 170.0 182.2 (37.4) (30.6)
Europe and Asia Pacific 213.5 208.8 (47.1) (41.6)
Total Marketing and Distribution Division 383.5 391.0 (84.5) (72.2)
Industrial Products Division 53.9 44.2 (19.3) (14.5)
Head Office 1.3 0.3 (26.7) (19.6)
Segment assets/(liabilities) 438.7 435.5 (130.5) (106.3)
Unallocated assets/(liabilities):
Cash and cash equivalents 39.6 37.6 – –
Financial liabilities – – (334.8) (291.7)
Deferred tax assets/(liabilities) 5.0 0.2 (6.2) (33.0)
Income tax liabilities – – (17.4) (22.2)
483.3 473.3 (488.9) (453.2)

IFRS does not require the restatement of prior year assets or liabilities for discontinued operations.

Capital expenditure
(including acquisitions)
Property, plant and equipment Intangible assets
(including computer software)
2009
(52 weeks)
£m		 2008
(53 weeks)
£m		 2009
(52 weeks)
£m		 2008
(53 weeks)
£m
Marketing and Distribution Division
Americas 2.4 1.1 4.5 5.0
Europe and Asia Pacific 3.9 4.1 5.5 5.3
Total Marketing and Distribution Division 6.3 5.2 10.0 10.3
Industrial Products Division 0.7 1.2 0.1 0.1
Continuing operations 7.0 6.4 10.1 10.4
Discontinued operations – – – –
7.0 6.4 10.1 10.4
Depreciation Amortisation of intangible assets Impairment of trade receivables
Note 2009
(52 weeks)
£m		 2008
(53 weeks)
£m		 2009
(52 weeks)
£m		 2008
(53 weeks)
£m		 2009
(52 weeks)
£m		 2008
(53 weeks)
£m
Marketing and Distribution Division
Americas 2.9 2.7 4.5 5.8 1.3 0.8
Europe and Asia Pacific 4.7 3.9 4.3 5.2 1.3 0.7
Total Marketing and Distribution Division 7.6 6.6 8.8 11.0 2.6 1.5
Industrial Products Division 1.4 1.3 0.2 0.2 0.2 0.1
Continuing operations 9.0 7.9 9.0 11.2 2.8 1.6
Discontinued operations 23 – 0.1 – 0.1 – –
9.0 8.0 9.0 11.3 2.8 1.6

Revenues between business segments are not significant. Head Office costs represent the cost of the central head office and the Group Board. Cash and cash equivalents and financial liabilities are managed on a Group basis and thus it is not practical to allocate these assets/liabilities to segments.

Secondary reporting format – geographic segments

The Group’s operations are based in two main geographical areas, the Americas and the UK, with the remainder based in the Rest of Europe and the Asia Pacific Region.

Revenue Capital expenditure
(including acquisitions)
Note 2009
(52 weeks)
£m		 2008
(53 weeks)
£m		 2009
(52 weeks)
£m		 2008
(53 weeks)
£m
Americas 436.8 400.4 7.6 7.3
UK 176.9 179.1 7.3 7.0
Rest of Europe and Asia Pacific 190.7 165.2 2.2 2.5
Continuing operations 804.4 744.7 17.1 16.8
Discontinued operations 23 – 19.3 – –
804.4 764.0 17.1 16.8

Revenue from discontinued operations in 2008 related entirely to the UK.

The sales analysis above is based on the origin of the sale which is not materially different from the location of the customer.

Segment assets
2009
£m		 2008
£m
Americas 223.8 226.8
UK 144.4 143.0
Rest of Europe and Asia Pacific 70.5 65.7
438.7 435.5
Unallocated assets:
Cash and cash equivalents 39.6 37.6
Deferred tax assets 5.0 0.2
483.3 473.3

IFRS does not require the restatement of prior year assets or liabilities for discontinued operations.