APPENDIX - ACCOUNTING RATIOS

1. Common size income statements

Year ended 31 March | 2012 | 2011 | 2010 | 2009 | 2008 | | $ m | % | $ m | % | $m | % | £m | % | $m | Revenue | 46,417 | 1.16 | 45,884 | 3.18 | 44,472 | 8.42 | 41,017 | 15.61 | 35,478 | Cost of sales | (31,546) | 2.4 | (30,814) | 4.7 | (29,439) | 13.9 | (25,842) | 18.1 | (21,890) | | ------- | ------- | ------- | --------- | --------- | --------- | --------- | --------- | --------- | Gross profit | 14,871 | (1.3) | 15,070 | 0.2 | 15,033 | (0.9) | 15,175 | 11.6 | 13,588 | Gross Margin | 32.0 | | 32.8 | | 33.8 | | 37.0 | | 38.3 | Selling and distribution expenses | (3227) | 5,2 | (3,067) | 2.9 | (2,981) | 8.9 | (2,738) | 9.0 | (2,511) | Administrative expenses | (5,075) | (4.2) | (5,300) | (0.5) | (5,328) | 11.7 | (4,771) | 23.0 | (3,878) | Share of result in associated undertakings | 4,963 | (1.9) | 5,059 | 6.7 | 4,742 | 15.9 | 4,091 | 42.2 | 2,876 | Impairment losses | (4,050) | (34.1) | (6,150) | 192.9 | (2,100) | (64.4) | (5,900) | | – | Other income and expense | 3,705 | | (16) | | 114 | | – | | (28) | | ------ | ------- | ------- | -------- | --------- | --------- | --------- | --------- | --------- | Operating expenses | 3684 | (61.1) | 9474 | 70.6 | 5553 | (40.4) | 9318 | 163.1 | 3541 | Profit from operations | 11,187 | 99.9 | 5,596 | (41.0) | 9,480 | 61.9 | 5,857 | (41.7) | 10,047 | Profit from operations margin(OM) | 24.1 | | 12.2 | | 21.3 | | 14.3 | | 28.3 | Non-operating income and expense | (162) | | 3,022 | | (10) | | (44) | | 254 | Investment income | 456 | (65.2) | 1,309 | 82.8 | 716 | 9.9 | 795 | 11.3 | 714 | Finance costs | (1,932) | 350.3 | (429) | (71.6) | (1,512) | (93.8) | (2,419) | 20.1 | (2,014) | | ------ | ------- | ------- | ------ | --------- | --------- | --------- | --------- | --------- | Profit before tax | 9,549 | 0.5 | 9,498 | 9.5 | 8,674 | 107.1 | 4,189 | (53.4) | 9,001 | Income tax | (2,546) | 56.4 | (1,628) | 2807.1 | (56) | (95.0) | (1,109) | 38.5 | (2,245) | | ------ | ------- | ------- | ------ | --------- | --------- | --------- | --------- | --------- | Profit after tax | 7,003 | (11.1) | 7,870 | (8.7) | 8,618 | 179.8 | 3,080 | (54.4) | 6,756 | Profit after tax margin | 15.1 | | 17.2 | | 19.4 | | 7.5 | | 19 | | ==== | ==== | ==== | ==== | ==== | ==== | ==== | ==== | ==== | Year ended/as at 31 March | 2012 | 2011 | 2010 | 2009 | 2008 | | $ million | % | $ million | % | $ million | % | $ million | % | $ million | % | Return on capital employed | | | | | | | | | | | = Profit from operations Equity + Non-current liabilities | 1118778202+37349 | 9.7 | 559687561+36584 | 4.5 | 948090810+37559 | 7.4 | 585784777+ 39975 | 4.7 | 1004776471+28826 | 9.5 | | | | | | | | | | | | Asset turnover (AT) | | | | | | | | | | | = Revenue Capital employed (as above) | 4641778202+37349 | 40.2times | 4588487561+36584 | 37.0times | 4447290810+37559 | 34.6times | 4101784777+ 39975 | 32.9times | 3547876471+28826 | 33.7times | | | | | | | | | | | | | | | | | | | | | | |
Other financial ratios

Year ended/as at 31 March | 2012 | 2011 | 2010 | 2009 | 2008 | | $ million | | $ million | | $ million | | $ million | | $ million | | Capital gearing | | | | | | | | | | | = All borrowings Total assets | 28362+6258139576 | 0.25 | 28375+9906151220 | 0.25 | 28632+11163156985 | 0.25 | 31749+9624152699 | 0.27 | 22662+4532127270 | 0.21 | | | | | | | | | | | | Interest cover | | | | | | | | | | | = Profit from operations Finance costs | 111871932 | 5.8times | 5596429 | 14times | 94801512 | 6.3times | 58572419 | 2.5times | 100472014 | 5times | | | | | | | | | | | | Current ratio | | | | | | | | | | | = Current assets Current liabilities | 2202524025 | 0.9:1 | 1700327075 | 0.6:1 | 15698528616 | 5.4:1 | 1302927947 |