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Monthly Income Statements and other period statements of overseas operations are translated at the relevant rate of exchange for that month.
Except for the Balance Sheet which is translated at the closing rate, each line item in these Consolidated Financial Statements represents a weighted average rate.
Sterling to Euro Year ended 31 December |
Euro to Sterling Year ended 31 December |
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2007 | 2006 | 2007 | 2006 | |||||
Weighted average reported rate for revenue | 1.469 | 1.467 | 0.681 | 0.682 | ||||
Weighted average reported rate for operating profit | 1.479 | 1.463 | 0.676 | 0.684 | ||||
Year end rate | 1.397 | 1.492 | 0.716 | 0.670 |