Performance
Return on capital employed increased by 0.8 percentage points during the year, from 19.9% to 20.7%.
Headline operating profit increased by 3.4% from £107.4m to £111.1m, while average capital employed reduced by 0.3% to £538.0m.
Definition
Headline operating profit as a percentage of the average of opening and closing capital employed as adjusted for certain items of goodwill written off.
Capital employed is defined as net assets adjusted for net cash/(debt).