Performance
Return on capital employed increased by 2.0 percentage points during the year, from 17.9% to 19.9%.
Headline operating profit increased by 10.2% from £97.5m to £107.4m, while average capital employed reduced by 0.7% to £539.6m.
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).