Annual Report and Accounts 2000



2000

1999 % growth
Trading profit £487m £430m 13
Profit before tax £404m £349m 16
Normalised earnings per share 27.4p 24.2p 13
Spirits & Wine turnover £2,297m £2,110m 9
Marketing investment behind Spirits & Wine brands £301m £275m 9
Return on investment 9.3% 8.3%

Profits and earnings exclude those of discontinued operations, see note 1 of the accounts.