Notes to the Consolidated Financial Statements continued

for the year ended 31 December 2007

44 Exchange rates

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
    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