financial

record
Items covered in this section:
Group financial record

78

Group financial record

IFRS
Re-presented Re-presented Re-presented Re-presented
2008
2007
2006
2005
2004
m
m
m
m
m

Revenue Continuing operations (a)

BIMA (b)
Europe (b)
Americas
Asia Pacific
Central (c)
Underlying profit from operations (profit from operations
excluding non-trading items, restructuring costs, amortisation
and impairment of acquisition intangibles, UK product recall
and IAS 39 adjustment)
Continuing operations (a)
BIMA (b)
Europe (b)
Americas
Asia Pacific
Central (c)
Restructuring costs
Amortisation and impairment of acquisition intangibles
Non-trading items
UK product recall
IAS 39 adjustment
Profit from operations
Share of result in associates
Profit before financing and taxation
Financing
Profit before taxation
Taxation
Discontinued operations
Minorities
Profit for the period attributable to equity holders of the parent

1,645
1,097
1,631
1,002
9
5,384

1,579
879
1,372
860
9
4,699

1,500
818
1,330
827
8
4,483

1,420
837
1,228
801
9
4,295

1,365
808
1,093
714
10
3,990

173
115
315
143
(108)
638
(194)
(4)
1

(53)
388
10
398
2
400
(30)
(4)
(2)
364

153
82
234
122
(118)
473
(165)
(18)
2

(14)
278
8
286
(32)
254
(105)
258
(2)
405

170
81
192
132
(110)
465
(107)
(19)
23
(30)
(4)
328
(15)
313
(69)
244
(68)
989
4
1,169

203
102
160
127
(113)
479
(62)
(4)
5

21
439
13
452
(129)
323
24
429
(11)
765

223
74
133
103
(114)
419
(110)
(5)
17

n/a
321
11
332
(145)
187
11
349
(22)
525

(a) In 2005, the Groups beverage business in Europe was classified as discontinued operations. In 2006, the Group completed the disposal of the
South African beverage business. As these disposals were part of the Groups strategic decision to exit beverages outside the Americas and
Australia, they have also been classified as discontinued operations. In 2008, the Group completed the demerger of the Americas Beverages
business and in December 2008 the Group announced it had signed a conditional agreement to sell the Australia Beverages business (previously
reported within the Asia Pacific segment). These businesses have been classified as discontinued operations. This has required the re-presentation
of the 2007, 2006, 2005 and 2004 financial statements on a comparable basis.
(b) During 2007, the Group reorganised its confectionery regions and split the former EMEA (Europe, Middle East and Africa) region into two
regions, BIMA (Britain, Ireland, Middle East and Africa) and Europe. The segmental information above has been re-presented on a consistent basis.
(c) The Group has re-presented its segmental analysis for the comparative 2007, 2006, 2005 and 2004 financial information to allocate certain
global Supply Chain, Commercial and Scientific and Technology costs, which directly support the regions to the regional operating segments
as this is consistent with the way in which the chief operating decision maker reviews the results of the operating segments.

78

Cadbury Report & Accounts 2008

Net debt
Gross borrowings
Less: Cash and short-term investments
1

2006
m

2005
m

2004
m

469
30
53
44
(482)
10
124

812
48

12
(352)
7
527

620
67

83
(300)
2
472

891
31

(261)
4
665

745

(259)
(11)
475

3,973
1,761
17
239
270
1,834
303
498
8,895
(2,048)
(97)

6,332
1,904
223
208
71
2,018
87
495
11,338
(1,920)
(18)

5,903
1,664

248
22
1,914
87
395
10,233
(1,862)
(9)

5,648
1,446

567
945
1,893
114
379
10,992
(1,841)
(291)

5,757
1,464

419
5
1,859
30
346
9,880
(1,696)

(188)
(368)
(275)
5,919

(1,198)
(172)
(143)
7,887

(1,085)
(73)
(204)
7,000

(1,124)
(53)
(369)
7,314

(1,106)
(77)
(485)
6,516

2,385
12
136
38
3,348
5,919

3,714
11
264
1,225
2,673
7,887

3,304
8
262
1,171
2,255
7,000

4,279
27
260
1,135
1,613
7,314

4,216
229
259
1,098
714
6,516

2,385
(498)
1,887

3,714
(495)
3,219

3,304
(395)
2,909

4,279
(379)
3,900

4,216
(346)
3,870

In 2007, the Group revised its definition of Free Cash Flow to exclude dividends payable to equity shareholders to align with market practice,
and the prior periods have been re-presented on a comparable basis.

Financial statements

Financed by
Gross borrowings
Minority interests
Called-up share capital
Share premium account
Retained earnings and other reserves

2007
m

Governance

Balance sheets
Assets employed
Intangible assets and goodwill
Property, plant and equipment
Retirement benefit assets
Other non-current assets
Assets held for sale
Inventory and trade and other receivables
Other current assets
Cash and short-term investments
Total assets
Total current liabilities, excluding borrowings and provisions
Liabilities directly associated with assets classified as held for sale
Total non-current liabilities, excluding borrowings, provisions
and retirement benefit obligations
Provisions
Retirement benefit obligations

IFRS
2008
m

Strategic review

Cash flows
Net cash from operating activities
Additional funding of past service pensions deficit
Demerger financing costs
Income taxes paid on disposals
Net capital expenditure
Net dividends received from/(paid to) associates and minorities
Free Cash Flow1

Overview

Group financial record

Other information

Cadbury Report & Accounts 2008

79