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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 15.7% for
the 2003 financial year. 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. In the 2001 financial year, the group
made a return on all activities before goodwill amortisation
and exceptional items of 14.9%.
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