Business review: Segmental performance | Compass Group

	Operating profit		Margin
	2009 £m	2008 £m	2009 %	2008 %
Continuing operations
North America	441	311	7.5%	6.8%
Continental Europe	232	197	6.8%	6.5%
UK & Ireland	114	108	6.2%	5.6%
Rest of the World	148	104	6.4%	5.4%
Unallocated overheads	(58)	(62)	–	–
Excluding associates	877	658	6.5%	5.8%
Associates	7	4	–	–
Underlying	884	662	6.5%	5.8%
Amortisation of intangibles arising on acquisition	(7)	(3)
Total	877	659

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.

Segmental performance