Business review: Financial summary | Compass Group

	2008	2007	Increase/ (decrease)
Continuing operations
Revenue
Constant currency	£11,440m	£10,765m	+6.3%
Reported	£11,440m	£10,268m	+11.4%
Total operating profit
Constant currency	£662m	£558m	+18.6%
Underlying	£662m	£529m	+25.1%
Reported	£659m	£529m	+24.6%
Operating Margin
Underlying	5.8%	5.1%	+70bps
Reported	5.7%	5.1%	+60bps
Profit before tax
Underlying	£589m	£442m	+33.3%
Reported	£566m	£436m	+29.8%
Basic earnings per share
Underlying	22.0p	15.2p	+44.7%
Reported	20.9p	15.0p	+39.3%
Free cash flow
Reported	£520m	£357m	+45.7%
Total Group including discontinued operations
Basic earnings per share	23.7p	25.6p	-7.4%
Total dividend per ordinary share	12.0p	10.8p	+11.11%

1: Constant currency restates the prior year results to 2008's average exchange rates.
2: Total operating profit includes share of profit of associates.
3: Underlying operating profit excludes the amortisation of intangibles arising on acquisition.
4: Operating margin is based on revenue and operating profit excluding share of profit of associates.
5: Underlying profit before tax excludes the amortisation of intangibles arising on acquisition, hedge accounting ineffectiveness and the change in fair value of minority interest put options.
6: Underlying basic earnings per share excludes the amortisation of intangibles arising on acquisition, hedge accounting ineffectiveness, the change in fair value of minority interest put options and the tax attributable to these amounts.

Financial summary