Financial review
Net finance costs
- 2011 financial highlights
- Profit from operations
- Organic growth
- Operating margin
- Adjusting items
- Net finance costs
- Associates
- Profit before tax
- Effective tax rate
- Earnings per share
- Dividends
- Treasury operations
- Liquidity
- Capital structure
- Cash flow
- Net debt
- Retirement benefit schemes
- Changes in the Group
- Share buy-back programme
- Non-GAAP measures
- Accounting developments
- Foreign currencies
- Going concern
Net finance costs
Net finance costs at £460 million were £20 million lower than last year, reflecting the strong cash generation of the business.