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The
return before goodwill amortisation and exceptional items on the
average capital employed (total assets, excluding goodwill, less
current liabilities, excluding corporate taxes and dividends payable,
and provisions other than those for deferred taxation) was 15.3%
for the 2004 financial year. In the 2003 financial year the group
made a return from continuing activities before goodwill amortisation
and exceptional items of 15.7%. In the 2002 financial year the group
made a return from continuing activities before goodwill amortisation
and exceptional items of 15.7% on the average capital employed in
its business excluding
mmO2 and goodwill.
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