Note 3

3. Segment Reporting

  Photographic Broadcast Systems Broadcast Services Corporate and unallocated Consolidated
Primary format - by business segments 2005
£m		 2004
£m		 2005
£m		 2004
£m		 2005
£m		 2004
£m		 2005
£m		 2004
£m		 2005
£m		 2004
£m
Revenue from external customers:                    
Sales 76.2 68.7 91.5 86.9 7.8 8.8 - - 175.5 164.4
Services   -   - 19.4 21.0 - - 19.4 21.0
Total revenue from external customers 76.2 68.7 91.5 86.9 27.2 29.8 - - 194.9 185.4
Inter-segment revenue(1)  1.3 1.6 1.2 1.0 - - (2.5) (2.6) - -
Total revenue 77.5 70.3 92.7 87.9 27.2 29.8 (2.5) (2.6) 194.9 185.4
                     
Operating profit before significant
items		 13.6 12.4 5.2 3.8 1.2 1.6 - - 20.0 17.8
Amortisation of intangible assets (0.2) - - - - - - - (0.2) -
Profit on the sale of property 0.3 - - - - - - - 0.3 -
Restructuring costs - 0.1 (0.9) (2.2) - - - - (0.9) (2.1)
Goodwill impairment and negative
goodwill		 - - - (0.7) - 0.6 - - - (0.1)
                     
Segment result 13.7 12.5 4.3 0.9 1.2 2.2 - - 19.2 15.6
Net financial expense                 (2.1) (1.4)
Taxation                 (7.7) (6.5)
Profit for the period                    
Continuing operations                 9.4 7.7
Discontinued operation(2)                  0.4 -
                  9.8 7.7
Segment assets 48.6 39.0 52.1 54.1 20.3 18.3 1.0 (0.3) 122.0 111.1
Unallocated assets                    
Cash and cash equivalents             12.7 14.4 12.7 14.4
Current tax assets             0.9 2.3 0.9 2.3
Deferred tax assets             5.8 7.2 5.8 7.2
Total assets                 141.4 135.0
Segment liabilities 19.4 14.3 16.4 20.0 4.6 3.3 3.6 2.5 44.0 40.1
Unallocated assets                    
Bank overdrafts             0.9 1.0 0.9 1.0
Bank loans             17.2 24.7 17.2 24.7
Current tax liabilities             7.6 2.6 7.6 2.6
Deferred tax liabilities             1.1 2.4 1.1 2.4
Total liabilities                 70.8 70.8
Cash flows from operating activities 17.9 13.9 9.2 3.0 6.6 9.8 (7.3) (7.3) 26.4 19.4
Cash flows from investing activities (7.6) (4.0) (2.2) (1.8) (4.0) (4.0) 0.1 - (13.7) (9.8)
Cash flows from financing activities - - - - - - (14.3) (10.8) (14.3) (10.8)
Capital expenditure (including those acquired within acquisitions)                    
Property, plant and equipment 3.3 2.4 2.4 1.2 5.4 6.0 0.1 - 11.2 9.6
Intangible assets 2.0 0.6 - 0.7 - - - - 2.0 1.3

(1) Inter-segment pricing is determined on an arm's length basis.

(2) Income from discontinued operation of £0.4 million arose on the release of a previous provision of £0.4 million for the upgrade of retail units relating to the Retail Display business that was divested in 2003.

  United Kingdom The rest of Europe The Americas The Rest of
the World		 Corporate and
Unallocated		 Consolidated
Secondary format - by geographical segments 2005
£m		 2004
£m		 2005
£m		 2004
£m		 2005
£m		 2004
£m		 2005
£m		 2004
£m		 2005
£m		 2004
£m		 2005
£m		 2004
£m
Revenue from external customers :                        
by origin 37.5 40.5 70.1 66.8 85.5 78.1 1.8 - - - 194.9 185.4
by location of customer 9.7 9.9 56.9 52.6 98.1 94.3 30.2 28.6 - - 194.9 185.4
Segment assets 23.5 24.9 40.4 42.5 47.2 42.4 9.9 1.6 1.0 (0.3) 122.0 111.1
Unallocated assets                        
Cash and cash equivalents                 12.7 14.4 12.7 14.4
Current tax assets                 0.9 2.3 0.9 2.3
Deferred tax assets                 5.8 7.2 5.8 7.2
Total assets                     141.4 135.0
Cash flows from operating activities 1.5 (1.0) 17.3 11.6 14.6 15.7 0.3 0.4 (7.3) (7.3) 26.4 19.4
Cash flows from investing activities (1.6) (1.2) (3.2) (4.3) (4.3) (4.3) (4.7) - 0.1 - (13.7) (9.8)
Cash flows from financing activities - - - - - - - - (14.3) (10.8) (14.3) (10.8)
Capital expenditure (including those acquired within acquisitions)                        
Property, plant and equipment 1.7 0.6 3.3 2.5 5.8 6.4 0.3 0.1 0.1 - 11.2 9.6
Intangible assets - 0.7 0.5 0.6 0.1 - 1.4 - - - 2.0 1.3

Information correct at 02/05/2006