REUTERS GROUP PLC ANNUAL REPORT AND ACCOUNTS 1999

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Summary of 1998 and 1999 results continued1999 1998H1 H2 FY H1 H2 FYContribution margin £M £M £M £M £M £MReuters Information 14% 17% 16% 12% 8% 10%Reuters Trading Systems 31% 28% 29% 35% 34% 35%Instinet 31% 18% 25% 36% 34% 35%Reuters Ventures (7%) (12%) (10%) (16%) (19%) (18%)RBB (3%) n/a (3%) (32%) (18%) (23%)TSI (29%) n/a (29%) (7%) (4%) (6%)Total contribution margin 19% 19% 19% 19% 17% 18%Total divisional contribution margin excluding TSI/RBB 20% 19% 19% 21% 18% 19%Net currency gain 3 3 6 22 17 39Goodwill amortisation (24) (23) (47) (25) (21) (46)Operating profit 278 271 549 278 272 550Operating margin 17.8% 17.3% 17.6% 19.1% 17.2% 18.2%Profit on disposal of fixed asset investments 29 21 50 – 26 26(Loss)/profit from associates (1) (16) (17) 2 (3) (1)Income from fixed asset investments – 2 2 3 – 3Net interest (payable)/receivable (6) 2 (4) 11 (9) 2Profit on disposal of subsidiary – 52 52 – – –Profit before taxation 300 332 632 294 286 580Taxation on profit on ordinary activities (98) (109) (207) (99) (97) (196)Profit after taxation attributable to ordinary shareholders 202 223 425 195 189 384Tax rate on profit before goodwill 30% 30% 31% 31%Earnings per ordinary share 14.3p 30.2p 13.3p 26.7pEarnings per ADS (USD rate = $1.61) $1.38 $2.91 $1.29 $2.58Dividend per ordinary share 3.65p 11.0p 14.65p 3.4p 11.0p 14.4pNumber of ordinary shares ranking for dividend (millions) 1,413 1,402 1,409 1,40984 Reuters Group PLC Annual Report 1999
1999 1998Net assets £M £MReuters Information 276 298Reuters Trading Systems 154 202Reuters Ventures 110 28Instinet 214 92TSI – 16Central (153) (247)601 389User accesses (000’s)Information product accesses3000 Series 71 48Other upper tier 139 161Off-Trading Floor 97 70Mobile 41 31Other 129 119Total 477 429Dealing accesses 23 24Instinet accesses 21 16Total accesses (excluding RBB) 521 469Revenue per access (£000’s)Information products3000 Series 6.8 6.6Other upper tier 5.6 5.8Total RI 3.6 3.8Dealing 17.6 17.9Instinet 27.8 30.41999 1998H1 FY H1 FYTotal subscriber locations (000’s) 57.7 52.8 57.2 57.9Internet page views per month (millions) 150–200Instinet NYSE market share 2.5% 2.4% 2.5% 2.5%Instinet NASDAQ market share 14.0% 13.3% 15.2% 14.5%Market value of listed Greenhouse investments (£m) 68 438 – 47Market value of TSI holding (£m) – 3,150 – –Reuters Group PLC Annual Report 1999 85
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REUTERS GROUP PLC ANNUAL REPORT AND
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2 Financial highlights3 Five year s
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From the Chairman.Theus now is Inte
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Reuters, wherChief Executive Peter
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Peter Job talks about theprojection
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TO FIND OUT MORE VISITwww.reuters.c
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Board of Directors1 2 34 567 8Non-e
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Financial Review and Statements Con
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the world. In 1999, television, tex
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appointments of non-executive direc
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EXECUTIVE DIRECTORS’ SERVICECONTR
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The table below shows the number of
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Vested options on Reuters Group PLC
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Statement of directors’ responsib
Page 35 and 36: Operating and financial reviewThe f
Page 37 and 38: growth of 6% at comparable rates. I
Page 39 and 40: OtherYear to 31 December£m 1999 19
Page 41 and 42: ownership trust compared with £7 m
Page 43 and 44: market value of the Greenhouse Fund
Page 45 and 46: through internet-based infrastructu
Page 47 and 48: Notes on the consolidated profit an
Page 49 and 50: 2. Operating costs1999 % 1998 % 199
Page 51 and 52: 4. Taxation on profit on ordinary a
Page 53 and 54: Consolidated cash flow statement fo
Page 55 and 56: 11. Analysis of net fundsBANK/OTHER
Page 57 and 58: 12. Derivatives and other financial
Page 59 and 60: Reconciliation of movements in shar
Page 61 and 62: 15. Tangible assetsOFFICECOMPUTER E
Page 63 and 64: 17. Stocks1999 1998 1997£M £M £M
Page 65 and 66: 23. Pensions and similar obligation
Page 67 and 68: 26. Capital and reservesPROFIT ANDC
Page 69 and 70: 29. Employee share option plansReut
Page 71 and 72: 32. Acquisitions and disposalsDurin
Page 73 and 74: Balance sheet of Reuters Group PLC
Page 75 and 76: Accounting policiesAccounting basis
Page 77 and 78: Summary of differences between UK a
Page 79 and 80: 38. Adjustments to shareholders’
Page 81 and 82: Other information for shareholdersI
Page 83 and 84: Financial diary for 2000Tuesday 8 F
Page 85: 1999 1998H1 H2 FY H1 H2 FYCosts £M
Page 89 and 90: 1996 1995 1994 1993 1992 1991 1990
Page 91: Where to find usCorporate headquart
Page 94: www.reuters.com/ REUTERS GROUP PLC
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REUTERS GROUP PLC ANNUAL REPORT AND ACCOUNTS 1999

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