Financial statements < Notes to the financial statements Note 2 < BACK   NEXT >
 
 

2  Segmental analysis

   
Group turnover
  
Profit before
interest
  
Net assets1
   
2000
£m
  
Restated
1999
£m
  
2000
£m
  
1999
£m
  
2000
£m
  
1999
£m

Analysis by business:

                 

    Civil aerospace

 

3,150

 

2,544

 

312

 

232

 

1,152

 

1,074

    Defence

 

1,403

 

1,138

 

151

 

181

 

286

 

312

    Marine systems

 

751

 

385

 

38

 

37

 

600

 

595

    Energy

 

476

 

482

 

(191)

(39)

444

 

468

    Financial services*

 

40

 

37

 

55

 

24

 

295

 

243

    Materials handling 2

 

44

 

48

 

(76)

(22 )

(23)

3

   

5,864

 

4,634

 

289

 

413

 

2,754

 

2,695

Geographical analysis by origin:

                 

    United Kingdom

 

3,730

 

3,553

 

201

 

334

 

1,505

 

1,506

    Other

 

2,134

 

1,081

 

88

 

79

 

1,249

 

1,189

   

5,864

 

4,634

 

289

 

413

 

2,754

 

2,695

Geographical analysis by destination:

                     

    United Kingdom

 

1,056

 

846

               

    Rest of Europe

 

855

 

658

               

    USA

 

2,148

 

1,625

               

    Canada

 

259

 

104

               

    Asia

 

953

 

796

               

    Africa

 

67

 

106

               

    Australasia

 

149

 

228

               

    Other

 

377

 

271

               
   

5,864

 

4,634

               

Exports from United Kingdom

 

2,692

 

2,737

               

Sales to overseas subsidiaries

 

(262)

(213 )

             

Sales by overseas subsidiaries

 

2,365

 

1,260

               

Sales by overseas joint arrangements

 

13

 

4

               

Total overseas

 

4,808

 

3,788

               

1 Net assets exclude net debt of £690m (1999 net debt of £694m).

2 Classified in 1999 as ‘Businesses to be disposed'.

The Group has expanded its segmental analysis to reflect the new management structure, which is focused on customers by market sector.

*The turnover of financial services businesses including share of joint ventures is £115m (1999 £82m).

The analysis of underlying profit before interest and the profit and loss account exceptional items are as follows:

   
Underlying
profit
before
interest
£m
  
Exceptional
items
£m
  
Other
non-underlying
items
£m
  
Profit
before
interest
£m

Civil aerospace

 

332

 

(9)

(11)

312

Defence

 

154

 

—

 

(3)

151

Marine systems

 

67

 

(3)

(26)

38

Energy

 

(48)

(133

(10)

(191)

Financial services

 

56

 

—

 

(1)

55

Materials handling

 

(2)

(73)

(1)

(76)

   

559

 

(218)1

(52)2

289

1 See note 3.

2 Comprising amortisation of goodwill £46m and loss on sale of businesses/fixed assets £6m.