Business review: Financial summary | Compass Group

	2009	2008	Increase
Continuing operations
Revenue
Constant currency	£13,444m	£13,270m	1.3%
Reported	£13,444m	£11,440m	17.5%
Total operating profit
Constant currency	£884m	£784m	12.8%
Underlying	£884m	£662m	33.5%
Reported	£877m	£659m	33.1%
Operating margin
Constant currency	6.5%	5.9%	60bps
Underlying	6.5%	5.8%	70bps
Reported	6.5%	5.7%	80bps
Profit before tax
Underlying	£784m	£589m	33.1%
Reported	£773m	£566m	36.6%
Basic earnings per share
Underlying	30.0p	22.0p	36.4%
Reported	29.5p	20.9p	41.1%
Free cash flow
Reported	£593m	£520m	14.0%
Total Group including discontinued operations
Basic earnings per share	31.7p	23.7p	33.8%
Total dividend per ordinary share	13.2p	12.0p	10.0%

1: Constant currency restates the prior year results to 2009’s average exchange rates.
2: Operating profit includes share of profit of associates.
3: Underlying operating profit and margin 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 operating margin excludes the amortisation of intangibles arising on acquisition.
6: Underlying profit before tax excludes the amortisation of intangibles arising on acquisition, hedge accounting ineffectiveness and the change in fair value of investments and minority interest put options.
7: Underlying basic earnings per share excludes the amortisation of intangibles arising on acquisition, hedge accounting ineffectiveness, the change in fair value of investments and minority interest put options and the tax attributable to these amounts.
8: Organic growth is calculated by adjusting for acquisitions (excluding current year acquisitions and including a full year in respect of prior year acquisitions), disposals (excluded from both periods) and exchange rate movements (translating the prior year at current year exchange rates) and compares the current year results against the prior year.

Financial summary