the top 1000 uk and 1000 global companies by r&d investment

THE 2009 R&D SCOREBOARDTHE TOP 1,000 UK AND1,000 GLOBAL COMPANIESBY R&D INVESTMENTCOMPANY DATA

ContentsThe 2009 R&D ScoreboardContentsThe 2009 R&D ScoreboardUK listingsTable 14Ranking of the top 1,000 UKcompanies by R&D investment withinindustry sectors1 Aerospace & defence 42 Alternative energy 43 Automobiles & parts 44 Banks 65 Beverages 66 Chemicals 67 Construction & materials 108 Electricity 109 Electronic & electrical10equipment10 Equity investment instruments 1411 Financial services 1412 Fixed line telecommunications 1613 Food & drug retailers 1614 Food producers 1615 Forestry & paper 1816 Gas, water & multiutilities 1817 General industrials 1818 General retailers 2019 Health care equipment &20services20 Household goods & home 22construction21 Industrial engineering 2222 Industrial metals & mining 2423 Industrial transportation 2424 Leisure goods 2625 Life insurance 2626 Media 2627 Mining 2628 Mobile telecommunications 2829 Nonequity investment28instruments30 Nonlife insurance 2831 Oil & gas producers 2832 Oil equipment, services & 28distribution33 Personal goods 3034 Pharmaceuticals &30biotechnology35 Real estate investment &36services36 Real estate investment trusts 3637 Software & computer services 3637 Software & computer services 4238 Support services 4239 Technology hardware &44equipment40 Tobacco 4840 Tobacco 48Table 2Ranking of top 1,000 UK companiesby R&D investment50Table 372Ranking of top 1,000 UK companiesby R&D investment within industryshowing sales by market spread1 Aerospace & defence 723 Automobiles & parts 724 Banks 735 Beverages 736 Chemicals 737 Construction & materials 748 Electricity 749 Electronic & electrical74equipment11 Financial services 7512 Fixed line telecommunications 7613 Food & drug retailers 7614 Food producers 7615 Forestry & paper 7616 Gas, water & multiutilities 7617 General industrials 7718 General retailers 7719 Health care equipment &77services20 Household goods & home 78construction21 Industrial engineering 7823 Industrial transportation 7924 Leisure goods 7925 Life insurance 7926 Media 7927 Mining 7928 Mobile telecommunications 7930 Nonlife insurance 8031 Oil & gas producers 8032 Oil equipment, services & 80distribution33 Personal goods 8034 Pharmaceuticals &80biotechnology37 Software & computer services 8238 Support services 8439 Technology hardware &85equipment40 Tobacco 8641 Travel & leisure 86Table 488Ranking of top 1,000 UK companiesby R&D intensity within listing statusfor UK1 FTSE 100 882 FTSE Mid 250 883 Listed 894 AIM UK 50 905 AIM 906 Unlisted 91Table 5Ranking of the top 1,000 UKcompanies by R&D investment byownership for UKTable 6Ranking of the top 1,000 UKcompanies by R&D investmentwithin size band by sales and industryfor UKTable 7Index for ranking of top 1,000 UKcompaniesGlobal listings100100102Table 8122Ranking of the top 1,000 globalcompanies by R&D investment withinindustry sectors1 Aerospace & defence 1222 Alternative energy 1223 Automobiles & parts 1224 Banks 1265 Beverages 1266 Chemicals 1267 Construction & materials 1308 Electricity 1329 Electronic & electrical132equipment10 Equity investment instruments 13611 Financial services 13612 Fixed line telecommunications 13613 Food & drug retailers 13614 Food producers 13615 Forestry & paper 13816 Gas, water & multiutilities 13817 General industrials 13818 General retailers 14019 Health care equipment & 140services20 Household goods & home 142construction21 Industrial engineering 14222 Industrial metals & mining 14423 Industrial transportation 14624 Leisure goods 14625 Life insurance 14626 Media 14627 Mining 14828 Mobile telecommunications 14829 Nonequity investment148instruments30 Nonlife insurance 14831 Oil & gas producers 14832 Oil equipment, services & 150distribution33 Personal goods 15034 Pharmaceuticals &150biotechnology35 Real estate investment & 156services36 Real estate investment trusts 15637 Software & computer services 15638 Support services 15839 Technology hardware &158equipment40 Tobacco 16641 Travel & leisure 166Table 9168Ranking of the top 1,000 globalcompanies by R&D investment bycountry within region1 Americas 1681.1 Bermuda 1681.2 Brazil 1681.3 Canada 1681.4 Cayman Islands 1681.5 Mexico 1681.6 USA 1682 Europe 1842.1 Austria 1842.2 Belgium 1842.3 Croatia 1842.4 Denmark 1842.4 Denmark 1862.6 France 1862.7 Germany 1882.8 Hungary 1902.9 Ireland 1902.10 Italy 1922.11 Liechtenstein 1922.12 Luxembourg 1922.13 Norway 1922.14 Portugal 1922.15 Russia 1922.16 Slovenia 1922.17 Spain 1922.18 Sweden 1942.19 Switzerland 1942.20 The Netherlands 1962.21 Turkey 1962.22 UK 1963 Rest of World 1983.1 Australia 1983.2 China 1983.3 Hong Kong 2003.4 India 2003.5 Israel 2003.6 Japan 2003.7 Saudi Arabia 2083.8 Singapore 2083.9 South Africa 2103.10 South Korea 2103.11 Taiwan 210Table 10Ranking of top 1,000 globalcompanies by R&D investment214Table 11236Ranking of top 1,000 globalcompanies by R&D investment withinindustry showing sales by marketspread1 Aerospace & defence 2362 Alternative energy 2363 Automobiles & parts 2364 Banks 2375 Beverages 2376 Chemicals 2377 Construction & materials 2388 Electricity 2389 Electronic & electrical238equipment12 Fixed line telecommunications 23913 Food & drug retailers 23914 Food producers 24015 Forestry & paper 24016 Gas, water & multiutilities 24017 General industrials 24018 General retailers 24019 Health care equipment & 240services20 Household goods & home 241construction21 Industrial engineering 24122 Industrial metals & mining 24224 Leisure goods 24226 Media 24227 Mining 24228 Mobile telecommunications 24231 Oil & gas producers 24232 Oil equipment, services & 242distribution33 Personal goods 24334 Pharmaceuticals &243biotechnology37 Software & computer services 24338 Support services 24439 Technology hardware & 244equipment40 Tobacco 24541 Travel & leisure 245Table 12Ranking of top 1,000 globalcompanies by R&D investment withincountry showing sales by marketspread246Table 13256Ranking of top 1,000 globalcompanies by R&D intensity withinlisting status1 FT Global 500 2562 Listed 2583 Unlisted 265Table 14Ranking of the top 1,000 globalcompanies by R&D investment byownershipTable 15Ranking of the top 1,000 globalcompanies by R&D investment withinsize band by sales and industryTable 16Index for ranking of top 1,000 globalcompaniesNotes on scope, definitions and datasources268268270292Notes:• A company in italics is an unlistedcompany• A UK company in italics with twoasterisks ** beside its name is foreignowned• 4yr growth=growth of quantity overaverage of 4 previous years• A company showing the symbol † hasnormalised figures• A company with one asterisk * is asubsidiary where the ultimate parent isa UK company that does not discloseR&D (usually because it is a smallpercentage of its sales for the group)• A company with an ƒ appended to itsname has not reported under IFRS2 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data3

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)3 Automobiles & parts continuedDelphi Diesel Systems ** ƒ 23.16 25 8 51.0 6.1 11.5 45 206 386 12.0 377 8 22 129.9 6 12 2901 2 9 8.0 22 -1 n/a n/l n/lTI Automotive * ƒ 22.90 11 12 7.8 1.6 6.1 294 467 402 21.1 1395 -11 -10 77.7 3 7 17950 -14 -16 1.3 28 32 51 n/l n/lAston Martin ** † 21.38 -42 -38 64.1 3.7 10.8 33 -43 39 5.8 570 11 82 643.9 78 143 886 -38 -21 24.1 -7 -23 n/a n/l n/lVisiocorp † 19.50 n/a n/a n/m 3.4 6.4 -10 n/a n/a -1.7 579 n/a n/a 115.2 n/a n/a 5026 n/a n/a 3.9 n/a n/a n/a n/l n/lVisteon ** ƒ 17.40 -60 -66 n/m 6.3 7.1 -93 n/m n/m -33.8 275 -7 -23 143.5 25 19 1914 -26 -35 9.1 -46 -48 13 n/l n/lTRW ** ƒ 17.05 -21 -24 n/m 5.7 7.2 -27 n/m n/m -9.0 299 6 -2 127.4 9 16 2350 -3 -16 7.3 -18 -10 0 n/l n/lCummins Turbo Technologies ** ƒ 13.17 15 58 >999 6.8 9.2 1 n/a n/a 0.4 194 24 52 204.7 17 36 946 6 12 13.9 9 42 24 n/l n/lLotus ** ƒ 10.85 93 149 486.7 10.1 13.6 2 n/a n/a 2.1 108 -18 -28 100.8 -8 -8 1071 -12 -21 10.1 119 209 56 n/l n/lCummins ** ƒ 8.23 11 n/a 27.2 0.9 2.5 30 -33 310 3.2 952 20 53 338.4 6 26 2812 14 23 2.9 -3 n/a 44 n/l n/lWagon 7.20 -49 -34 46.2 1.0 4.4 16 n/a n/a 2.2 715 1 38 125.3 17 30 5702 -14 7 1.3 -41 -38 n/a n/l n/lMichelin Tyre ** ƒ 5.76 331 333 19.0 0.7 2.2 30 -20 36 3.4 883 21 31 302.1 23 44 2922 -2 -10 2.0 338 380 0 n/l n/lTorotrak 5.27 15 9 n/m 114.1 115.3 -2 n/m n/m -49.1 5 25 106 75.7 27 128 61 -2 -20 86.4 17 33 n/a 43 54Calsonic Kansei Europe ** ƒ 4.52 11 -36 n/m 1.0 2.0 -6 n/m n/m -1.4 443 43 83 298.3 46 103 1484 -2 -11 3.0 13 -26 0 n/l n/lMAHLE Engine Systems ** † ƒ 3.51 n/a n/a 760.7 6.7 9.7 -999 -999 n/a -44.0 11 -32 n/a 180.8 -29 n/a 59 -5 n/a 15.3 659 n/a n/a n/l n/l4 Banks (7) 1604.21 31.9 72.8 n/m 1.3 9.3 -28021 -174.4 -183.1 -22.7 123322 -10.2 4.4 154.7 -19.9 -16.9 796971 12.1 26 2.0 17.7 41.5 n/a 205807 3.7Royal Bank of Scotland 602.00 25 61 n/m 2.1 20.4 -40067 -505 -566 -140.9 28439 -9 5 124.0 -32 -32 229300 34 55 2.6 -7 5 n/a 26013 -33HSBC 531.37 30 60 8.2 0.9 4.1 6473 -62 -56 10.5 61602 1 29 185.9 -2 10 331458 3 17 1.6 27 38 64 112686 9Barclays 274.00 132 234 4.9 1.2 7.4 5602 -17 -2 24.0 23352 -1 18 154.1 -15 -19 151500 18 45 1.8 98 136 n/a 39603 33Lloyds TSB (now Lloyds Banking) 80.00 70 105 9.9 1.1 15.3 807 -76 -78 11.5 7013 -62 -65 105.5 -60 -59 66473 -4 -14 1.2 78 133 0 27505 n/aAlliance & Leicester ** 66.00 -1 111 n/m 8.0 9.6 -1288 -423 -351 -156.3 824 -42 -42 118.8 -32 -29 6934 -15 -18 9.5 17 152 0 n/l n/lNational Australia ** 37.00 -45 n/a 10.5 3.0 9.6 354 -14 -2 28.8 1231 0 0 144.8 5 16 8500 -4 -15 4.4 -42 n/a n/a n/l n/lDresdner Kleinwort ** ƒ 13.84 -51 -30 14.1 1.6 5.7 98 n/a n/a 11.4 861 -4 19 306.8 -2 18 2806 -2 1 4.9 -50 -30 n/a n/l n/l5 Beverages (4) 24.80 -4.3 2.5 0.5 0.1 8.4 4639 -6 4.5 19.9 23345 -4.5 7.9 237.1 -6.2 -6.2 98461 1.8 14.1 0.3 -6 -10.3 n/a 45273 6.5Diageo 17.00 0 10 0.7 0.2 4.5 2379 5 7 29.4 8090 8 7 331.9 0 1 24373 8 6 0.7 -8 3 80 23347 -7SABMiller 4.87 -22 -7 0.2

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)6 Chemicals continuedLucite International * ƒ 9.00 0 0 18.4 1.1 13.0 49 n/a -1 5.8 849 3 13 410.1 8 14 2070 -5 -1 4.3 5 1 71 n/l n/lSun Chemical ** ƒ 8.59 -12 1 343.9 2.7 4.1 2 -42 36 0.8 315 0 -1 190.5 -9 0 1656 10 -1 5.2 -20 1 n/a n/l n/lInternational Flavours & Fragrances ** ƒ 7.09 6 8 103.0 3.9 5.0 7 -50 -48 3.7 184 -3 4 256.8 -3 5 716 0 -1 9.9 5 9 n/a n/l n/lAfton Chemical ** ƒ 6.80 -12 -29 48.6 2.7 3.0 14 -5 91 5.5 253 2 24 2346.7 -4 7 108 6 16 62.9 -17 -39 n/a n/l n/lBayer CropScience ** ƒ 6.78 19 -15 39.2 2.7 5.0 17 n/a 89 7.0 247 16 23 459.1 17 31 539 0 -7 12.6 19 -7 n/a n/l n/lInternational Paint ** ƒ 6.50 33 11 63.7 3.6 6.6 10 -37 1 5.6 182 6 11 198.7 -2 6 914 8 4 7.1 23 7 n/a n/l n/lInnovia Films ƒ 6.06 -1 55 23.7 1.7 5.3 26 -15 126 7.3 352 2 35 251.8 1 39 1398 1 -5 4.3 -2 59 41 n/l n/lCiba ** ƒ 5.69 -8 0 37.9 1.4 3.9 15 -56 -36 3.8 395 -2 -8 272.6 7 1 1447 -9 -14 3.9 1 20 29 n/l n/lInnospec Ltd ** ƒ 5.06 16 29 18.6 2.8 4.6 27 56 n/a 15.3 178 27 30 464.9 27 32 383 1 -1 13.2 16 31 31 n/l n/lThomas Swan ƒ 4.79 -12 2 n/m 17.6 21.6 -5 n/m n/m -20.1 27 -4 0 109.5 1 6 249 -5 -6 19.3 -7 9 n/a n/l n/lElementis 4.60 24 -8 14.7 1.1 4.4 31 -30 68 7.8 401 11 4 325.1 29 60 1232 -14 -38 3.7 44 47 57 193 -49Scapa 4.00 29 21 n/m 2.3 7.6 -6 -168 >-999 -3.7 174 2 -5 131.4 8 11 1324 -5 -15 3.0 36 42 42 24 -41Givaudan ** ƒ 3.62 n/a n/a 11.3 1.2 2.0 32 n/a n/a 10.5 302 n/a n/a 467.4 n/a n/a 647 n/a n/a 5.6 n/a n/a 31 n/l n/lVictrex 3.62 1 6 6.6 2.6 19.7 55 6 36 38.7 141 8 28 278.9 -1 -10 506 8 40 7.2 -6 -29 51 895 40Dyson 3.47 5 -14 n/m 5.4 9.6 -11 -340 >-999 -16.5 64 5 7 83.6 -8 6 764 15 -1 4.5 -8 -15 50 6 -82Chemtura Europe ** ƒ 3.41 21 29 719.8 25.5 26.4 999 10.4 97 14 6 259.2 15 22 375 -1 -13 8.2 3 8 n/a n/l n/lPorvair 3.00 21 1 62.3 5.5 10.3 5 27 120 8.8 55 20 21 97.6 1 4 562 20 16 5.3 1 -12 56 28 -33SABIC UK Petrochemicals ** ƒ 2.99 3 -8 32.1 0.2 7.7 9 -82 -83 0.5 1735 14 41 1966.9 8 37 882 6 2 3.4 -3 -9 0 n/l n/lOxonica 2.92 12 85 n/m 86.1 96.9 -10 n/m n/m -291.4 3 -19 -16 78.8 13 7 43 -28 -4 67.9 57 105 80 n/a n/aM-I Drilling Fluids ** ƒ 2.77 35 85 6.8 1.0 4.5 41 13 108 14.1 288 41 105 179.4 27 4 1607 11 83 1.7 22 -12 n/a n/l n/lAkzo Nobel Decorative Coatings ** ƒ 2.64 6 -1 n/m 1.4 2.9 -47 n/m n/m -24.8 190 6 0 142.9 10 12 1331 -3 -11 2.0 9 11 n/a n/l n/lMillennium Inorganic Chemicals ** ƒ 2.64 33 12 n/m 1.0 3.4 -6 n/m -320 -2.2 272 2 0 677.1 4 5 401 -2 -4 6.6 36 17 n/a n/l n/lBASF ** ƒ 2.16 -22 -14 n/m 0.4 0.7 -37 n/m >-999 -7.4 504 25 34 1452.9 49 76 347 -16 -25 6.2 -7 11 n/a n/l n/lAkzo Nobel Powder Coatings ** ƒ 2.08 -20 -1 49.6 3.9 5.2 4 n/a n/a 8.0 53 5 27 167.5 8 8 314 -2 17 6.6 -18 -15 0 n/l n/lArtenius ** ƒ 1.82 181 n/a n/m 0.6 4.0 -18 n/m n/m -5.8 302 -15 -7 977.7 -10 5 309 -6 -13 5.9 199 n/a 0 n/l n/lOxford Catalysts 1.61 108 358 n/m 139.4 259.7 -5 n/m n/m -443.5 1 968 >999 38.4 505 756 30 76 246 53.6 18 n/a 88 35 -48Chirotech Technology(now part of Dr Reddy's Laboratories (EU)) ** ƒ1.58 -23 -40 n/m 15.1 15.1

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)6 Chemicals continuedCray Valley ** ƒ 0.84 -3 -30 12.6 1.2 6.1 7 156 571 9.8 68 5 -4 552.3 5 28 123 0 -31 6.9 -3 -4 n/a n/l n/lOxford Advanced Surfaces 0.84 328 n/a n/m 250.1 307.7 -4 n/m n/a >-999 999 961 703 52 277 21.3 41 -56 100 149 -75British Energy ** 14.00 -7 24 13.7 0.5 8.0 102 -80 -80 3.6 2846 1 26 457.5 0 18 6221 2 8 2.3 -8 17 0 n/l n/lE.ON ** 14.00 75 155 9.9 0.1 10.2 142 -88 -79 1.3 11355 32 52 645.4 26 19 17594 5 28 0.8 67 104 0 n/l n/lInternational Power 11.00 120 214 1.0 0.3 7.0 1158 125 105 30.3 3821 64 101 976.7 56 82 3912 5 14 2.8 109 175 48 4050 -32RWE Npower ** ƒ 9.00 13 89 3.3 0.9 46.2 271 -35 135 28.3 956 18 105 382.9 16 84 2497 2 14 3.6 10 69 0 n/l n/lUrenco 6.96 7 -46 1.6 0.6 75.3 445 30 48 40.8 1092 10 35 396.6 -12 -5 2754 25 43 2.5 -14 -63 63 n/l n/lScottish and Southern Energy 4.40 19 47 6.8 999 -6 n/m n/a -172.4 4 147 n/a 127.3 -38 n/a 28 300 n/a 76.8 -66 n/a 1 45 -67Western Power Distribution ** 0.90 350 300 0.3 0.2 49.4 264 27 36 57.5 458 5 11 194.4 11 18 2356 -6 -6 0.4 378 324 0 n/l n/l9 Electronic & electrical equipment (104) 671.00 5.2 -15.4 68.1 3.8 6.1 986 33.1 48.6 5.6 17722 11 -4.2 161.5 11 6.7 109748 -0.1 -8 6.1 5.3 21.9 n/a 4264 -31SELEX Sensors and Airborne Systems ** 139.70 14 27 138.2 15.8 18.0 101 32 302 11.4 885 4 16 210.3 4 15 4209 0 1 33.2 14 25 19 n/l n/lSpectris 57.00 26 28 50.1 7.2 9.9 114 11 46 14.5 787 18 20 137.7 15 22 5717 3 -2 10.0 23 30 58 679 -20Laird 39.00 55 124 106.0 6.1 10.8 37 -41 -38 5.8 635 0 14 52.5 1 -15 12093 -2 28 3.2 58 82 84 314 -46Renishaw 27.31 17 41 72.1 13.6 16.2 38 -23 15 18.8 201 11 26 93.9 9 11 2143 2 14 12.7 14 25 56 322 -44Samsung Electronics ** ƒ 24.04 10 7 34.6 0.9 1.1 70 73 190 2.7 2562 7 30 3292.7 -8 27 778 17 -2 30.9 -5 3 n/a n/l n/lHalma 22.91 23 54 30.2 5.0 8.4 76 7 24 16.6 456 15 31 113.5 5 8 4018 9 22 5.7 12 28 48 725 -2Oxford Instruments 16.30 1 11 n/m 7.9 9.6

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)9 Electronic & electrical equipment continuedThales Avionics ** 9.33 -35 40 104.5 14.1 19.0 9 131 291 13.5 66 38 53 201.8 36 72 328 1 -12 28.5 -36 50 n/a n/l n/lQuantel ƒ 7.97 2 0 n/m 22.9 24.9 -11 -866 n/m -32.7 35 -21 -14 94.3 -25 -16 370 5 3 21.5 -4 -4 59 n/l n/lDigital Appliance Controls ** ƒ 7.92 19 55 19.0 1.3 3.6 42 76 77 7.1 590 20 34 179.0 18 21 3299 2 10 2.4 17 43 33 n/l n/lGE Fanuc Intelligent Platforms ** ƒ 7.42 53 62 99.6 17.6 19.1 7 n/a 297 17.7 42 189 65 192.1 180 51 219 3 9 33.9 48 49 69 n/l n/lToshiba Research Europe ** ƒ 7.26 0 5 n/m 74.8 78.1 999 >999 -7 n/m n/m >-999 999 >999 -6 n/m n/m >-999 999 10.9 268 24 89 457.3 4 45 587 19 33 3.1 30 2 n/a n/l n/l12 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data13

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)9 Electronic & electrical equipment continuedInvotec † ƒ 1.83 -17 -11 327.9 7.8 17.2 1 -72 -61 2.4 23 -12 -5 55.2 -12 -6 425 0 2 4.3 -17 -12 0 n/l n/lCoherent Scotland ** ƒ 1.75 47 48 n/m 12.6 13.5 -1 n/m n/m -7.3 14 -3 29 209.6 -12 1 66 10 29 26.5 34 13 n/a n/l n/lHypercom EMEA ** ƒ 1.71 98 63 85.7 3.8 3.9 2 51 n/a 4.5 45 27 16 688.2 13 18 65 12 -3 26.4 76 67 0 n/l n/lMinorplanet Systems 1.70 13 8 566.7 7.3 9.0 999 -3 n/m n/m >-999 -999

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)11 Financial services continuedCattles 18.10 -5 251 11.0 2.2 3.1 165 25 41 20.1 822 15 23 174.2 8 23 4719 6 -1 3.8 -10 233 n/a n/l n/lLiffe ** ƒ 17.03 30 -7 14.1 6.1 12.6 121 3 38 43.6 278 16 26 928.3 16 79 299 0 -35 56.9 30 40 0 n/l n/lLCH Clearnet 16.61 7 -10 6.7 3.4 5.4 249 45 93 51.5 484 13 43 947.1 2 25 511 10 13 32.5 -3 -15 0 n/l n/lBritannia Building Society(now part of Co-operative Financial Services)14.90 -7 38 21.5 4.0 8.5 69 -13 -18 18.4 376 1 11 75.0 -2 -10 5014 3 22 3.0 -10 16 n/a n/l n/lCMC Markets 13.90 65 169 25.0 7.7 13.6 56 179 344 30.6 181 64 121 199.6 -6 -15 909 74 147 15.3 -5 16 42 n/l n/lNationwide 10.00 117 3 4.7 0.4 9.9 212 -69 -65 9.3 2284 0 15 120.6 -3 2 18935 3 13 0.5 110 -10 0 n/l n/lNEOVIA Financial 8.30 108 103 n/m 15.7 19.1 -7 n/m -160 -12.9 53 -10 -49 117.4 -15 -50 450 6 -1 18.5 96 112 n/a 61 -20Provident Financial 6.20 88 652 4.8 0.8 2.0 129 -11 -10 17.2 751 -20 -36 222.0 67 53 3384 -52 -58 1.8 291 >999 0 1106 n/aIPGL ƒ 4.29 72 208 121.9 4.1 13.2 4 -90 -92 3.4 105 72 181 232.3 29 2 450 34 157 9.5 29 29 n/a n/l n/lFCE Bank ** 3.00 -70 -44 1.0 0.4 45.3 300 9 -7 39.6 757 13 -3 318.5 25 17 2377 -10 -17 1.3 -67 -35 n/a n/l n/lNottingham Building Society 3.00 31 86 600.0 10.2 12.9 1 -94 -94 1.7 29 -7 -5 62.3 3 3 472 -9 -8 6.4 45 103 n/a n/l n/lEurovestech 2.76 19 185 n/m 14.1 17.1 -1 >-999 n/m -5.4 20 24 229 86.5 -7 108 227 34 203 12.2 -11 80 33 54 -10Tullett Prebon 2.50 178 n/a 1.6 0.3 1.7 157 18 n/a 16.6 944 25 n/a 368.5 18 n/a 2561 6 n/a 1.0 162 n/a 47 977 -3Helphire 2.32 -41 47 5.4 0.6 51.1 43 5 110 10.5 405 39 142 146.6 -2 26 2763 42 99 0.8 -59 -3 0 140 -23Markit † ƒ 2.08 n/a n/a 32.7 1.9 4.0 6 n/a n/a 5.8 109 n/a n/a 231.3 n/a n/a 472 n/a n/a 4.4 n/a n/a n/a n/l n/lThomson Financial ** ƒ 1.48 57 -65 11.2 0.5 4.0 13 84 35 4.9 271 11 24 253.3 15 36 1069 -3 -10 1.4 63 -59 34 n/l n/lHitachi Capital ** 1.46 54 431 12.3 0.7 50.7 12 19 -7 5.7 207 4 12 427.2 8 2 484 -4 9 3.0 60 446 0 n/l n/lCarmelite Capital * ƒ 1.30 -35 -46 n/m 1.9 48.8 -24 n/m n/m -34.3 69 -73 -77 142.2 18 20 486 -77 -81 2.7 189 184 0 n/l n/lHarris Watson ƒ 1.30 4 n/a 29.4 2.0 4.0 4 23 n/a 6.9 64 26 -35 108.8 -10 46 591 40 -65 2.2 -25 n/a 47 n/l n/lIP 1.30 86 643 n/m 68.4 73.7 -41 -285 -352 >-999 2 -5 14 35.2 -23 -55 54 23 118 24.1 51 505 n/a 118 n/aVantis 1.29 n/m n/m 17.0 1.4 2.7 8 1 43 8.1 93 4 68 88.9 2 21 1051 2 46 1.2 n/m n/m 0 51 n/aGuinness Peat 1.00 n/a n/a n/m 0.1 4.0 -145 n/m -572 -10.5 1387 5 10 52.4 4 14 26471 1 -4

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)14 Food producers continuedPremier Foods 5.10 21 100 n/m 0.2 5.0 -112 -247 -226 -4.0 2777 20 121 174.5 35 -9 15913 -11 106 0.3 37 -17 n/a 1031 21United Biscuits ** 5.00 -12 -39 3.8 0.4 4.5 132 -4 64 11.5 1142 -1 -8 130.9 n/a n/a 8726 n/a n/a 0.6 n/a n/a n/a n/l n/lNickerson-Advanta (now Limagrain) ** ƒ 4.08 53 88 101.1 9.5 10.4 4 >999 283 9.4 43 96 88 200.4 64 20 214 20 53 19.1 28 23 0 n/l n/lAviagen ** ƒ 3.59 -67 -70 9.7 1.8 14.0 37 -45 -26 18.6 199 -36 -16 160.0 -6 4 1244 -32 -20 2.9 -52 -63 23 n/l n/lKraft Foods ** ƒ 3.20 13 -9 9.8 0.6 2.7 33 -27 -40 5.9 553 -12 -16 382.1 -9 11 1447 -3 -26 2.2 17 23 n/a n/l n/lDairy Crest 3.00 3 38 4.0 0.2 2.5 75 10 14 4.5 1648 5 18 202.9 8 11 8122 -3 6 0.4 6 29 n/a 429 -23Kerry Foods ** ƒ 2.71 -6 9 12.0 0.6 1.9 23 112 -5 5.1 440 1 2 103.9 9 5 4230 -7 -3 0.6 2 14 0 n/l n/lBernard Matthews ƒ 2.33 -28 -9 n/m 0.7 2.6 -73 n/m -417 -21.0 349 -17 -22 67.8 7 5 5144 -23 -26 0.5 -7 22 0 n/l n/lSyngenta Seeds ** ƒ 2.04 -7 6 n/m 8.1 9.3

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)21 Industrial engineering continuedZenergy Power 4.30 28 n/a n/m 219.3 300.0 -8 n/m n/a -388.8 2 657 n/a 29.3 408 n/a 67 49 n/a 64.2 -14 n/a n/a 69 -17Titan Europe 4.03 39 333 18.2 0.9 4.9 22 -31 16 4.9 452 17 83 154.9 14 34 2920 3 45 1.4 34 267 37 26 n/aF G Wilson ** ƒ 3.88 7 -8 n/m 0.6 3.0 -6 n/m -219 -1.0 660 6 32 223.1 -16 10 2960 27 20 1.3 -16 -23 57 n/l n/lPursuit Dynamics 3.56 4 190 n/m 108.7 112.2 -8 n/m n/m -245.3 3 7 173 46.7 -4 104 70 11 83 50.8 -7 88 16 88 -32Luxfer 3.50 17 -5 16.8 1.4 6.2 21 126 48 8.1 258 14 11 162.3 26 33 1588 -9 -16 2.2 29 14 59 n/l n/lAlexander Dennis ƒ 3.20 9 0 38.4 1.0 1.9 8 -8 26 2.7 306 44 73 142.9 30 27 2143 10 36 1.5 -1 -29 25 n/l n/lElement Six ** ƒ 3.15 7 7 63.0 21.9 24.4 5 n/a n/a 34.7 14 71 73 257.0 74 59 56 -2 8 56.2 9 -2 0 n/l n/lMelrose 3.10 >999 589 7.2 0.3 3.4 43 41 118 4.0 1089 165 267 70.3 -24 2 15486 250 383 0.2 344 75 n/a 640 n/aDoosan Heavy Industries(now Doosan Power Systems) ** † ƒ2.95 n/a n/a 20.1 0.7 1.5 15 n/a n/a 3.2 452 n/a n/a 98.5 n/a n/a 4584 n/a n/a 0.6 n/a n/a 19 n/l n/lHamworthy 2.91 43 112 12.7 1.2 1.6 23 39 102 9.1 253 9 50 230.1 -1 14 1099 10 34 2.7 30 62 n/a 143 -27Avdel ** ƒ 2.85 -3 0 n/m 4.7 6.5 -9 n/m n/m -14.4 60 -1 -6 173.7 0 14 345 -1 -21 8.2 -2 9 17 n/l n/lTokheim ** ƒ 2.80 74 98 200.1 5.2 6.1 1 n/a 54 2.6 54 20 30 139.7 10 19 384 9 9 7.3 60 82 n/a n/l n/lA V CO 1 (aka Avery Weigh-Tronix) ** † ƒ 2.72 -14 -31 n/m 2.2 4.0 -10 -166 -266 -8.1 121 -9 -15 59.6 2 12 2039 -11 -24 1.3 -4 -8 59 n/l n/lCorac 2.54 64 118 n/m 383.1 386.4 -4 n/m n/m -563.9 1 -54 -43 21.4 -58 -50 31 11 13 81.8 48 94 0 48 -17Moog Controls ** ƒ 2.31 54 86 111.7 5.8 7.8 2 -35 -39 5.2 40 3 3 103.7 0 -3 384 3 6 6.0 50 74 14 n/l n/lEnergetix 2.28 104 202 n/m >999 >999 -4 n/m n/m >-999

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)23 Industrial transportation continuedTDG * 3.30 -20 25 23.7 0.5 2.8 14 -11 23 2.1 670 25 27 91.6 20 27 7308 4 0 0.5 -22 21 0 n/l n/lJames Fisher 1.84 -38 n/a 6.3 0.8 8.3 29 27 125 12.6 234 28 95 170.6 21 21 1369 6 61 1.3 -41 n/a n/a 261 n/aBBA Aviation 1.60 7 -82 1.5 0.1 2.8 105 14 48 9.1 1156 18 -14 108.9 18 -4 10613 0 -10 0.2 7 -79 80 750 31Civil Aviation Authority ƒ 1.31 -1 -23 n/m 1.3 3.1 -15 n/m n/m -14.5 104 3 -31 106.1 1 -31 982 2 0 1.3 -3 -23 n/a n/l n/lNetwork Rail 1.00 0 -50 n/m 999 0 183 n/aCybIT 0.84 103 451 25.7 4.3 5.0 3 90 272 16.6 20 48 105 165.3 9 24 119 35 67 7.0 50 282 4 12 n/a24 Leisure goods (12) 198.20 -9.8 19.3 n/m 2.2 2.9 -640 n/m >-999 -7.2 8910 7.2 25.2 831.6 19.4 64.3 10715 -10.2 -26.8 18.5 0.5 54.7 n/a 279 58.8Sony Computer Entertainment Europe ** ƒ 89.71 -18 17 n/m 2.9 3.2 -342 n/m -344 -11.2 3057 15 27 2553.7 60 43 1197 -28 -12 74.9 15 35 n/a n/l n/lSCI Entertainment (now Eidos) 72.20 5 84 n/m 54.0 57.7 -137 n/m n/m -102.5 134 -7 41 123.8 -25 -28 1080 25 101 66.9 -15 -11 37 n/l n/lPhoto-Me 6.67 -11 -15 n/m 3.0 9.0 -9 n/m -161 -4.1 225 7 0 151.7 12 13 1485 -5 -11 4.5 -6 -4 27 93 86Sony ** ƒ 6.46 -53 -63 n/m 0.1 0.3 -173 n/m n/m -3.6 4841 6 37 2549.0 6 86 1899 0 -35 3.4 -53 -43 2 n/l n/lCharacter 4.86 160 211 91.8 5.9 6.2 5 -59 0 6.4 82 -13 -10 462.2 -22 4 178 11 -16 27.3 134 253 n/a 18 n/aKodak ** ƒ 4.10 -5 -44 n/m 3.9 12.2 -14 -299 n/m -13.1 104 -40 -66 88.9 -14 -5 1174 -30 -65 3.5 37 47 0 n/l n/lGames Workshop 3.10 -29 -37 187.0 2.8 7.8 2 n/a -82 1.5 112 0 -13 47.7 9 8 2343 -8 -20 1.3 -22 -21 32 90 70Linn Products † ƒ 2.53 -17 -28 226.5 13.5 14.1 1 n/a 619 5.9 19 -44 -44 102.6 4 9 183 -47 -48 13.8 55 39 27 n/l n/lArmour 2.50 60 332 63.3 4.6 6.8 4 -21 11 7.3 54 -6 29 159.8 -2 22 338 -4 7 7.4 67 334 0 10 56Panasonic Manufacturing ** ƒ 2.50 -3 -48 18.6 1.2 2.4 13 52 n/a 6.4 209 14 -1 386.0 10 29 542 3 -26 4.6 -7 -23 n/a n/l n/lEvolution Studios ** † ƒ 2.15 16 24 96.7 18.1 18.3 2 440 245 18.7 12 29 79 211.9 124 165 56 -42 -31 38.4 100 77 n/a n/l n/lHornby 1.43 16 86 20.6 2.3 10.0 7 -26 -17 11.2 62 11 28 256.5 -1 2 240 12 26 6.0 3 50 5 68 2425 Life insurance (3) 102.60 -5 54.1 24.9 n/a n/a 412 -82 -81.8 n/a -19042 -176.3 -169.3 -285.0 -174.1 -160.5 66818 3 11.8 1.5 -7.7 44.1 n/a 9121 -16.3Old Mutual 82.00 -9 72 15.1 n/a n/a 542 -69 -64 n/a -3743 -126 -127 -66.2 -125 -123 56546 4 18 1.5 -12 55 n/a 4773 -6Standard Life 18.00 6 7 n/m n/a n/a -142 -128 -120 n/a -15590 -254 -211 -1565.4 -255 -225 9959 0 -12 1.8 6 20 n/a 4112 -26Just Retirement 2.60 160 681 21.7 0.9 1.2 12 -59 48 4.1 291 13 86 930.0 -9 -18 313 24 113 8.3 110 530 0 236 -2626 Media (15) 439.86 5.7 22.6 n/m 1.3 4.0 -627 -119.8 -121.1 -1.9 33475 16.2 22.2 177.7 5.3 9.3 188405 10.3 12.2 2.3 -3.9 0.6 n/a 50276 -10.8Thomson Reuters ** 119.63 -37 -22 56.0 2.0 6.3 214 -22 -21 3.5 6112 135 134 181.3 22 13 33708 93 106 3.5 -67 -62 n/a 18468 -4Reed Elsevier 115.00 44 15 12.8 2.2 3.2 895 -10 3 16.7 5346 0 3 162.5 9 13 32900 -8 -9 3.5 57 26 63 11552 -31British Sky Broadcasting 53.00 23 207 43.1 1.1 5.2 123 -85 -84 2.5 4952 9 22 350.1 1 -6 14145 8 29 3.7 14 164 n/a 9290 9BBC ƒ 47.80 197 191 n/m 1.1 4.5 -133 n/m n/m -3.1 4311 -2 5 188.5 -1 12 22874 -1 -7 2.1 200 214 n/a n/l n/lPearson 29.00 45 n/a 4.3 0.6 2.2 676 37 23 14.0 4819 11 15 143.1 8 13 33680 3 2 0.9 41 n/a 75 5842 n/aITV 20.00 -9 208 n/m 1.0 2.0 -2672 >-999 >-999 -131.7 2029 -3 -4 362.5 -1 2 5597 -2 -7 3.6 -7 215 n/a 1889 n/aDaily Mail and General Trust ** 18.70 34 205 91.7 0.8 3.3 20 -87 -88 0.9 2312 3 7 129.0 -3 7 17925 6 -1 1.0 26 195 27 1511 1Channel Four Television 11.70 -6 1 n/m 1.3 1.7 -4 n/m -113 -0.4 906 -4 0 1001.2 2 -5 905 -6 5 12.9 0 -4 n/a n/l n/lTandberg Television ** ƒ 11.54 55 35 10.2 10.5 12.4 113 366 677 102.2 110 -16 8 283.2 -23 -9 390 9 20 29.6 43 11 n/a n/l n/lNipson Digital Printing Systems 4.40 22 39 n/m 16.1 16.3 -13 n/m n/m -49.3 27 0 -6 104.2 4 -1 262 -4 -5 16.8 27 46 50

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)27 Mining continuedIMERYS Minerals ** ƒ 5.73 71 45 26.8 2.0 14.1 21 n/a n/a 7.5 286 -3 -6 162.4 8 20 1762 -10 -22 3.3 90 86 n/a n/l n/lXstrata 4.17 0 120 0.1 999 >999 6 n/a n/a >999 -999 2 220 398 9.4 -4 -16 219 232 606 46.4 -42 11 75 n/l n/lInmarsat 5.36 -7 -28 2.4 0.8 21.9 221 50 64 31.8 693 73 95 562.2 -30 -26 1233 149 160 4.3 -63 -72 57 2385 7Monitise 3.68 67 n/a n/m 246.3 263.5 -15 n/m n/a -998.2 1 216 n/a 15.5 75 n/a 96 81 n/a 38.3 -8 n/a n/a 69 73Qualcomm ** ƒ 2.61 -13 n/a 256.0 11.5 19.3 1 36 55 4.5 23 25 54 208.4 16 17 109 8 31 23.9 -19 n/a 0 n/l n/lNokia Siemens Networks ** † ƒ 2.35 n/a n/a n/m 2.0 2.4 -35 n/a n/a -29.5 118 n/a n/a 226.1 n/a n/a 524 n/a n/a 4.5 n/a n/a 0 n/l n/lAxisMobile 2.12 6 n/a n/m 212.6 219.7 -5 n/m n/a -544.4 1 159 n/a 17.5 -86 n/a 57 >999 n/a 37.1 -94 n/a 43 n/l n/l2 ergo 0.87 183 115 28.8 2.7 3.4 3 30 91 9.2 33 -2 34 397.1 -9 -21 82 8 69 10.5 162 -2 n/a 44 n/aEricsson Services ** ƒ 0.87 -73 8 35.5 1.9 3.8 2 -80 -57 5.3 46 -82 -65 41.2 -85 -78 1115 20 135 0.8 -77 -10 0 n/l n/l29 Nonequity investment instruments (0) n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo companies with sufficient R&D for inclusion n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a30 Nonlife insurance (6) 89.80 17.1 -29 8.7 0.6 1.3 1036 -27.6 -19.1 7.3 14277 3.5 -2.7 392.7 12.7 19.8 36353 -8.2 -23.8 2.5 27.5 -18.6 n/a 5262 -8.9RSA Insurance 70.00 37 -27 9.4 1.0 2.0 741 10 65 10.4 7143 11 8 318.0 11 20 22464 0 -10 3.1 38 -18 n/a 4057 -16Guardian Royal Exchange ** 7.00 -46 -47 35.0 0.2 0.3 20 -91 -94 0.6 3607 -2 4 546.8 43 46 6596 -32 -29 1.1 -21 -27 n/a n/l n/lBrit Insurance 5.60 -20 -6 6.3 0.5 0.6 89 -53 -34 7.3 1220 -3 4 1561.7 -8 -19 781 5 25 7.2 -24 -23 73 629 13Beazley 3.30 94 47 3.8 0.5 0.9 87 -37 26 13.1 667 -4 20 1213.5 -14 -30 550 12 60 6.0 73 -4 n/a 576 48HLG ƒ 2.00 25 0 n/m 1.9 6.2 -3 n/m n/m -3.1 107 -6 -8 72.2 2 5 1488 -8 -10 1.3 36 12 6 n/l n/lAllianz ** 1.90 -21 -32 1.9 0.1 0.9 102 -48 -52 6.7 1532 -3 -1 342.5 -3 -1 4474 -1 0 0.4 -20 -32 n/a n/l n/l31 Oil & gas producers (6) 1348.47 4.5 42.5 2.0 0.2 6.9 69154 12.1 21 11.4 606357 29 46.7 2864.3 30.8 53 211257 -1.3 -4.3 6.3 5.2 47.2 n/a 227006 -7Royal Dutch Shell 880.51 5 57 2.5 0.3 7.8 35534 4 21 11.1 318793 29 47 3125.4 31 56 102000 -2 -6 8.6 7 65 n/a 98173 -11BP 413.83 5 25 1.8 0.2 5.3 23276 13 15 9.3 251177 27 45 2624.6 29 51 95700 -2 -5 4.3 7 31 55 94752 -3Esso ** ƒ 23.70 -46 -36 1.0 0.1 3.5 2355 57 32 12.2 19316 49 66 2544.9 46 30 7590 2 27 3.1 -47 -50 n/a n/l n/lChevron North Sea ** ƒ 12.80 266 541 2.0 1.0 23.0 645 -19 62 51.5 1252 21 111 n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 n/l n/lBG 11.00 38 38 0.2 0.1 17.5 5402 81 120 43.0 12566 52 100 2329.2 39 83 5395 9 9 2.0 26 25 n/a 34081 -7Total Upstream ** ƒ 6.63 8 n/a 0.3 0.2 19.8 1941 19 10 59.7 3253 32 24 5687.0 22 12 572 8 10 11.6 -1 n/a 0 n/l n/l32 Oil equipment, services & distribution (10) 48.33 32.6 59.8 15.4 2.1 8.1 314 18.1 166.8 13.9 2254 18.9 66.6 206.3 5.8 20.7 10926 12.3 39.8 4.4 18 37 n/a 647 -49.2Expro International * 13.26 145 428 15.3 2.2 8.8 87 34 209 14.2 610 18 99 142.7 4 17 4272 13 75 3.1 116 239 64 n/l n/lBaker Hughes ** ƒ 11.60 14 25 15.4 2.1 6.1 75 -26 70 13.8 546 7 25 194.5 7 20 2805 0 4 4.1 14 20 24 n/l n/lPortland Gas 7.40 47 n/a n/m n/a n/a -2 n/m n/a n/a 0 n/m n/a 0.0 n/m n/a 7 250 n/a 1057.1 -58 n/a 0 63 n/aVetco Gray ** ƒ 4.32 32 218 13.2 1.1 2.3 33 137 382 8.1 407 21 65 339.8 6 32 1197 13 25 3.6 16 163 62 n/l n/lWellstream 4.01 26 64 5.0 1.1 15.7 80 69 412 21.7 370 39 167 343.8 5 63 1076 32 78 3.7 -4 -10 95 555 -50Reedhycalog(now part of National Oilwell Varco, USA) ** ƒ2.47 14 16 9.3 1.8 5.5 27 -38 0 19.1 139 32 53 255.2 -4 -13 546 38 70 4.5 -18 -33 34 n/l n/lKBC Advanced Technologies 1.80 -15 -21 32.8 3.4 4.3 5 75 813 10.4 53 38 61 182.0 19 24 290 16 30 6.2 -27 -40 66 25 -17Vetco Gray Controls ** ƒ 1.22 -26 8 18.0 1.6 2.7 7 n/a n/a 8.7 78 5 18 182.9 -7 6 426 13 12 2.9 -34 -3 n/a n/l n/lOffshore Hydrocarbon Mapping 1.14 64 72 n/m 10.5 46.6 -10 n/m n/m -88.0 11 -39 16 90.0 -50 -52 120 22 140 9.5 34 -41 29 4 -78Sondex Wireline ** ƒ 1.12 -59 -57 9.9 2.7 6.6 11 724 245 27.7 41 47 62 219.0 18 15 187 25 42 6.0 -67 -70 n/a n/l n/l28 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data29

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)33 Personal goods (7) 29.65 -7.9 2.3 34.1 0.5 3.6 87 126.1 -9.6 1.5 5758 5.5 9 268.2 9.8 22.5 21467 -3.9 -11.6 1.4 -4.2 14.9 n/a 2140 28.6SSL International 11.80 16 32 13.1 1.8 6.1 90 233 137 14.0 642 20 34 121.8 22 25 5276 -1 7 2.2 17 24 26 1174 37INVISTA Textiles ** ƒ 6.44 -19 17 188.9 0.7 4.3 3 n/a n/a 0.4 883 12 19 829.0 19 44 1065 -6 -20 6.0 -14 39 n/a n/l n/lUmbro (now part of Nike, USA) ** 5.09 -8 29 n/m 5.2 7.1 -21 -174 -195 -21.6 97 -35 -28 342.6 -38 -45 284 6 28 17.9 -13 2 16 n/l n/lPZ Cussons 3.10 -31 -22 4.7 0.5 6.4 66 24 44 10.0 661 14 27 76.0 30 56 8697 -12 -19 0.4 -22 -4 64 956 22Boots * ƒ 1.60 -33 -70 n/m 0.1 2.4 -65 n/m -366 -2.0 3194 2 3 622.0 -7 11 5136 10 -9 0.3 -39 -66 0 n/l n/lAlexandra 0.81 -6 86 19.4 1.1 1.6 4 -40 -31 5.6 75 -4 -2 87.6 0 6 859 -3 -8 0.9 -3 100 0 10 -49Colgate-Palmolive ** ƒ 0.81 7 -3 8.9 0.4 0.4 9 116 -79 4.4 205 7 -4 1365.7 2 70 150 5 -63 5.4 2 70 0 n/l n/l34 Pharmaceuticals & biotechnology (134) 9591.52 8.4 19.2 67.7 15.5 20.3 14171 2.2 17 22.9 61892 6.5 15.1 278.9 7.2 15.4 221917 -0.7 0.3 43.2 9.2 20.3 n/a 109964 -2.2GlaxoSmithKline 3708.00 14 16 51.8 15.2 21.2 7156 -6 2 29.4 24352 7 11 240.8 10 11 101133 -2 0 36.7 17 16 66 60082 -9AstraZeneca 3503.27 1 28 55.0 15.9 19.5 6367 13 34 29.0 21979 7 25 332.5 10 25 66100 -3 0 53.0 4 28 65 40081 6Shire ƒ 357.56 -1 56 160.8 17.0 24.8 222 n/a >999 10.6 2104 24 68 558.4 13 14 3769 10 47 94.9 -10 8 n/a 5586 10Pfizer ** ƒ 316.42 23 -20 n/m 24.9 30.7 -183 n/m -319 -14.4 1271 -2 7 240.3 4 15 5288 -5 -7 59.8 30 -14 n/a n/l n/lRoche Products ** 163.00 15 50 487.5 24.8 24.8 33 -12 299 5.1 657 -5 32 432.3 -13 16 1520 9 15 107.2 5 31 n/a n/l n/lEli Lilly and Company ** ƒ 139.66 30 40 51.2 20.3 23.3 273 48 11 39.6 689 -47 -50 430.9 -38 -31 1599 -15 -28 87.3 53 92 n/a n/l n/lMerial ƒ 110.79 25 12 24.1 6.5 12.3 461 30 86 26.8 1715 12 22 318.7 7 28 5383 5 -5 20.6 20 19 68 n/l n/lEisai Europe ** ƒ 106.07 48 112 >999 29.4 42.6 7 -57 -61 1.9 361 5 23 462.9 -7 -19 780 14 47 136.0 31 45 0 n/l n/lNovartis Pharmaceuticals ** 90.27 14 40 284.5 22.2 24.5 32 112 160 7.8 407 22 31 244.1 25 33 1667 -2 -2 54.2 17 42 0 n/l n/lBristol-Myers Squibb ** ƒ 56.01 -15 47 105.5 15.0 18.8 53 11 56 14.2 374 -3 -4 193.1 -3 -3 1935 0 -1 28.9 -16 48 n/a n/l n/lJanssen-Cilag ** ƒ 52.83 43 44 343.6 20.8 22.0 15 -18 -16 6.0 254 5 13 304.1 7 21 836 -2 -7 63.2 46 54 0 n/l n/lJohn Wyeth & Brother ** ƒ 41.86 7 14 103.0 4.6 5.6 41 28 10 4.5 904 48 50 577.2 50 49 1566 -1 1 26.7 8 13 n/a n/l n/lAventis Pharma ** ƒ 40.42 260 270 179.6 8.1 9.7 23 78 n/a 4.5 502 74 77 480.4 -50 -29 1045 247 125 38.7 4 51 0 n/l n/lOrganon Laboratories ** ƒ 36.41 3 14 906.2 33.0 35.3 4 30 4 3.6 110 0 4 232.2 9 20 475 -9 -14 76.7 13 32 0 n/l n/lBoehringer Ingelheim ** ƒ 35.86 -10 29 197.6 14.1 16.0 18 -7 -19 7.1 255 16 37 285.7 13 33 892 3 3 40.2 -12 26 0 n/l n/lVectura 32.30 9 114 n/m 103.5 109.0 -21 n/m n/m -67.0 31 24 139 131.1 26 72 238 -2 52 135.7 11 55 40 267 49Ipsen (now Ipsen Developments) ** 29.24 10 39 179.4 34.2 34.7 16 125 190 19.1 86 13 42 500.1 16 48 171 -2 -4 171.0 12 45 n/a n/l n/lAllergan ** ƒ 27.53 56 219 855.9 53.4 56.9 3 61 104 6.2 52 34 218 178.3 -3 75 289 38 106 95.2 13 67 0 n/l n/lAcambis(now Sanofi Pasteur)25.30 -32 -16 n/m 266.3 316.8 -32 n/m >-999 -338.9 10 -69 -88 45.0 -58 -84 211 -26 -27 119.9 -8 14 100 n/l n/l(now part of Sanofi-Aventis, France) **Oxford Biomedica 22.48 2 49 n/m 122.2 123.1 -14 n/m n/m -75.0 18 155 691 216.4 140 616 85 6 20 264.5 -4 27 1 65 35PowderMed ** ƒ 22.13 146 311 n/m >999 >999 -27 n/m n/m >-999 1 -39 -12 12.0 -41 -15 42 2 6 526.9 140 281 23 n/l n/lBTG 21.60 116 101 n/m 25.5 27.2 -12 -215 n/m -13.9 85 13 62 547.1 -51 -12 155 131 51 139.4 -7 25 84 481 42Fisons ** ƒ 21.33 42 121 n/m 22.0 24.5 -178 >-999 >-999 -183.8 97 -2 1 255.0 -2 12 380 1 -15 56.1 41 149 66 n/l n/lServier R&D ** ƒ 19.84 19 92 >999 91.4 96.1 1 6 74 4.5 22 19 84 217.0 11 54 100 8 22 198.4 11 60 0 n/l n/lRenovo 18.55 -9 63 n/m 243.9 287.1 -22 n/m n/m -287.0 8 >999 >999 42.2 >999 >999 180 15 64 103.0 -21 4 0 57 -37Protherics (now part of BTG) 18.44 32 155 n/m 70.8 85.6 -20 n/m n/m -76.3 26 -16 18 86.9 -34 -14 300 27 39 61.5 4 87 89 n/l n/lAntisoma 18.43 27 107 170.7 46.6 46.9 11 n/a n/a 27.3 40 397 365 556.7 313 288 71 20 18 259.6 6 77 0 166 8Genus 18.40 4 52 62.6 7.1 9.6 29 -6 80 11.4 258 -2 20 117.8 -5 -3 2189 3 16 8.4 1 28 56 339 -27Ark Therapeutics 16.46 12 30 n/m >999 >999 -21 n/m n/m >-999 1 -17 -6 6.0 -19 -22 155 2 22 106.2 10 5 0 106 -22Ipsen Biopharm ** 16.38 19 136 182.7 44.4 89.2 9 100 529 24.3 37 23 42 142.9 8 26 258 14 12 63.5 5 104 66 n/l n/lAllergy Therapeutics 16.30 -36 59 n/m 52.5 59.8 -16 n/m n/m -50.3 31 21 41 85.7 11 5 362 8 34 45.0 -41 31 12 46 188Hikma Pharmaceuticals 15.42 15 39 27.5 3.8 13.6 56 -13 8 13.9 404 29 87 87.2 -8 -10 4631 40 106 3.3 -18 -34 n/a 901 19SkyePharma 14.50 -51 -50 n/m 23.3 31.0 -18 n/m n/m -28.3 62 47 16 214.5 46 62 290 0 -29 50.0 -51 -32 42 24 -8Sosei R&D ** ƒ 14.20 7 46 n/m 547.1 557.6 -14 n/m n/m -531.1 3 -10 -6 63.3 -21 -23 41 14 27 346.4 -6 16 n/a n/l n/lVernalis 13.95 -23 -36 159.7 24.9 25.4 9 n/a n/a 15.6 56 127 218 508.7 345 402 110 -49 -37 126.8 50 -4 84 53 279Chroma Therapeutics 11.64 50 142 n/m n/a n/a -14 n/m n/m n/a 0 n/m n/m 0.0 n/m n/m 54 13 95 215.5 33 25 0 n/l n/lAlizyme 11.23 -64 -37 n/m 605.1 605.3 -12 n/m n/m -633.2 2 >999 165 97.6 >999 157 19 -5 0 590.8 -62 -36 n/a n/l n/lVertex Pharmaceuticals ** ƒ 10.94 15 26 n/m 81.0 88.9

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)34 Pharmaceuticals & biotechnology continuedAstellas Pharma Europe ** ƒ 10.89 97 -23 n/m 2.2 2.8 -45 -164 -168 -9.0 493 -1 8 3791.6 -10 -47 130 10 74 83.7 79 -76 n/a n/l n/lProStrakan 10.60 5 -21 n/m 18.9 19.4 -24 n/m n/m -43.3 56 23 63 235.7 12 59 238 10 0 44.5 -4 -21 4 239 30GW Pharmaceuticals 10.43 -17 -16 n/m 88.6 92.3 -11 n/m n/m -93.5 12 107 337 104.2 120 334 113 -6 -2 92.3 -11 -15 85 119 153Napp Pharmaceutical ƒ 10.08 -45 6 41.7 5.7 8.5 24 118 33 13.8 175 13 34 214.1 12 22 819 1 11 12.3 -46 -2 n/a n/l n/lArchimedes Pharma * 9.71 45 n/a n/m 50.8 52.5 -12 n/m n/a -63.5 19 319 n/a 281.0 288 n/a 68 8 n/a 142.7 34 n/a 5 n/l n/lAxis-Shield 9.69 71 8 n/m 11.4 18.4 -2 -213 -357 -2.4 85 28 43 164.3 19 27 519 8 13 18.7 59 -5 26 168 16SPD Development ** † ƒ 9.36 n/a n/a >999 72.0 73.3 1 n/a n/a 5.2 13 n/a n/a 109.2 n/a n/a 119 n/a n/a 78.6 n/a n/a 0 n/l n/lNovo Nordisk ** ƒ 9.25 18 26 72.6 4.6 4.6 13 31 85 6.3 203 44 156 784.4 54 167 259 -6 -4 35.7 26 30 0 n/l n/lArdana Bioscience * ƒ 9.12 3 15 n/m >999 >999 -16 n/m n/m >-999 999 >999 -12 n/m n/m >-999 999 >999 -8 n/m n/m >-999 1 921 34 33.8 984 10 16 -6 7 365.6 -15 21 0 n/l n/lAstex Therapeutics 5.81 -50 -41 n/m 73.3 74.5 -9 n/m n/m -114.9 8 39 35 87.2 68 49 91 -17 -10 63.9 -40 -35 45 n/l n/lSummit 5.75 -32 82 n/m 314.3 358.7 -24 n/m n/m >-999 2 -40 56 12.9 -43 -39 142 5 169 40.5 -35 -22 32 3 -92Norgine ** ƒ 5.59 54 335 83.5 7.8 12.6 7 127 134 9.3 72 22 49 140.0 5 16 515 16 29 10.9 33 274 16 n/l n/lCancer Research Technology * ƒ 5.39 16 53 98.2 15.8 19.0 5 80 70 16.0 34 31 56 360.3 24 16 95 6 33 56.8 10 29 76 n/l n/lCatalent UK Swindon Zydis ** ƒ 5.21 43 62 37.9 9.1 13.5 14 20 125 24.1 57 25 40 110.5 4 29 516 20 7 10.1 19 49 n/a n/l n/lOxoid ** ƒ 5.12 1 17 34.5 6.4 7.4 15 38 39 18.5 80 24 38 214.8 25 38 372 -1 0 13.8 2 17 n/a n/l n/lRandox Laboratories ƒ 4.99 -10 -17 57.3 9.4 14.9 9 64 353 16.5 53 14 30 71.6 13 12 738 0 16 6.8 -10 -31 n/a n/l n/lBritannia Pharmaceuticals ** † ƒ 4.85 15 27 n/m 6.8 7.3 -7 -246 -289 -10.0 71 9 31 1294.0 -2 13 55 12 15 88.3 3 10 0 n/l n/lNorbrook Laboratories ƒ 4.74 4 16 101.2 4.6 23.5 5 -8 -39 4.6 103 10 23 99.9 6 2 1030 4 20 4.6 -1 -4 n/a n/l n/lNorton Healthcare ** ƒ 4.68 -18 -49 18.3 2.7 6.4 26 n/a n/a 14.9 172 32 13 326.4 24 31 528 6 -15 8.9 -23 -39 n/a n/l n/lBioVex ** ƒ 4.59 -8 -16 n/m n/a n/a -5 n/m n/m n/a 0 -100 -100 0.0 -100 -100 29 -38 -35 158.2 49 30 n/a n/l n/lECO Animal Health 4.58 >999 n/a n/m 27.8 28.7 -1 n/m -176 -3.9 16 -10 -27 173.5 -33 -18 95 34 -13 48.2 >999 n/a n/a 71 n/aLectus Therapeutics † ƒ 4.47 39 258 n/m n/a n/a -5 n/m n/m n/a 0 n/m n/m 0.0 n/m n/m 34 48 209 131.6 -6 41 n/a n/l n/lGeneMedix (now Reliance GeneMedix) ** 4.44 30 59 n/m n/a n/a -6 n/m n/m n/a 0 n/m -100 0.0 n/m -100 47 0 -20 94.5 30 93 0 2 -65Schering-Plough ** ƒ 4.26 -5 -30 17.1 1.6 2.6 25 0 102 9.4 267 15 31 331.5 15 26 804 1 4 5.3 -6 -34 n/a n/l n/lMediGene ** ƒ 4.20 -19 n/a n/m 580.1 610.9 -6 n/m n/a -766.2 1 n/m n/a 18.1 n/m n/a 40 3 n/a 105.0 -21 n/a n/a n/l n/lPhoqus Pharmaceuticals 4.20 34 54 n/m >999 >999 -7 n/m n/m >-999 999 >999 -6 n/m n/m >-999

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)34 Pharmaceuticals & biotechnology continuedVantia † ƒ 3.72 n/a n/a n/m n/a n/a -5 n/a n/a n/a 0 n/a n/a 0.0 n/a n/a 24 n/a n/a 155.2 n/a n/a 0 n/l n/lMeldex International 3.62 47 200 n/m 13.3 14.3 999 >999 -5 n/m n/m >-999 999 55.7 61.6 -999 -999

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)34 Pharmaceuticals & biotechnology continuedIS Pharma 0.83 84 238 32.7 6.8 7.4 3 100 >999 20.9 12 73 264 607.9 -5 70 20 82 129 41.6 1 55 n/a 34 n/aSenetek ƒ 0.81 -11 -20 6.0 4.4 4.4 13 679 >999 73.1 18 214 252 2630.1 214 395 7 0 -33 115.7 -11 15 n/a 7 -1735 Real estate investment & services (0) n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo companies with sufficient R&D for inclusion n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a36 Real estate investment trusts (0) n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo companies with sufficient R&D for inclusion n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a37 Software & computer services (154) 1623.21 11.6 26.5 99.8 7.5 10.3 1626 -4.5 17.5 7.5 21745 7.5 20.5 112.6 4.5 5.8 192841 2.7 13.9 8.4 8.4 17.7 n/a 18364 1.2Amdocs ƒ 156.83 -2 31 55.6 7.1 11.4 282 11 22 12.8 2199 11 39 118.7 5 7 18535 6 29 8.5 -8 2 83 3475 -23Sage 139.70 25 54 52.2 10.8 12.7 267 4 22 20.6 1295 12 46 86.1 1 -2 15039 11 49 9.3 13 2 46 2789 6NDS ** ƒ 138.34 14 31 117.6 23.4 25.4 118 9 67 19.9 591 20 56 156.5 5 8 3778 15 46 36.6 0 -12 51 n/l n/lSymbian Software ** ƒ 118.91 26 77 n/m 69.5 83.7 -3 -108 -123 -1.9 171 -12 26 162.9 -18 4 1050 7 26 113.2 17 43 n/a n/l n/lInvensys 114.00 14 8 63.7 5.0 6.4 179 -45 1 7.8 2284 -9 -15 103.2 7 15 22139 -15 -27 5.1 34 47 55 2085 -9Misys 99.50 38 13 211.3 14.4 16.1 47 -23 -25 6.8 692 32 -16 128.0 22 -7 5411 9 -9 18.4 27 24 75 1009 14Electronic Data Systems ** ƒ 75.48 -3 98 49.6 3.1 7.1 152 -21 -26 6.3 2399 0 5 160.8 2 16 14915 -3 -10 5.1 0 102 n/a n/l n/lAutonomy 62.30 29 123 48.6 17.8 20.6 128 112 372 36.6 350 47 167 280.4 33 37 1248 10 94 49.9 17 12 n/a 3078 39Oracle ** ƒ 40.48 12 -4 n/m 9.4 10.1 -6 -170 -200 -1.4 431 10 36 136.5 2 21 3155 7 13 12.8 5 -16 0 n/l n/lVocaLink ƒ 29.75 -7 26 n/m 21.4 29.0 -9 -175 -246 -6.6 139 7 50 198.7 -1 -2 699 8 52 42.6 -14 -17 n/a n/l n/lAVEVA 27.33 28 71 48.2 16.7 18.9 57 31 169 34.5 164 29 90 202.8 5 29 809 22 50 33.8 5 15 56 580 -40Sophos 24.88 24 97 n/m 29.6 32.0 -8 n/m -502 -9.3 84 14 27 77.3 4 -3 1088 9 29 22.9 13 58 48 n/l n/lMicro Focus International 24.25 48 51 46.6 15.3 16.7 52 31 94 32.8 159 33 47 268.5 5 20 591 27 22 41.0 17 24 58 785 48Fujitsu Services ** 23.40 23 13 13.0 0.8 4.7 181 145 39 6.3 2870 12 23 138.8 10 5 20682 2 17 1.1 20 -5 n/a n/l n/lFidessa 20.73 1 64 92.1 11.0 23.0 23 36 91 11.9 189 40 108 147.6 12 15 1281 25 82 16.2 -19 -8 49 405 21Kofax 17.40 14 52 184.6 10.2 11.9 9 7 -7 5.5 170 6 -4 146.3 4 -13 1162 2 10 15.0 11 40 29 208 24Micromuse ** † ƒ 17.16 40 55 50.3 22.6 22.7 34 7 678 45.0 76 45 94 5413.6 14 317 14 27 -92 1226.0 10 293 14 n/l n/lLogica 17.00 -22 -48 20.0 0.5 1.8 85 -13 -23 2.4 3588 14 54 91.4 15 9 39254 -1 40 0.4 -21 -67 n/a 1837 8Intec Telecom Systems 14.88 -2 1 124.0 11.0 12.4 12 n/a n/a 8.8 136 9 29 80.5 8 -1 1686 1 24 8.8 -4 -25 61 279 116SunGard ** ƒ 14.47 -8 n/a 388.4 8.3 12.1 4 n/a n/a 2.1 174 -5 n/a 94.5 -6 n/a 1847 1 n/a 7.8 -9 n/a 11 n/l n/lRM 13.18 -11 -14 99.4 4.6 8.2 13 -16 18 4.6 289 7 9 122.0 0 -4 2373 6 13 5.6 -17 -24 n/a 153 -7Citrix Systems (Research and Development) ** ƒ 12.74 16 n/a 909.6 59.7 64.6 1 8 25 6.6 21 8 25 105.2 5 9 203 3 14 62.8 14 n/a 100 n/l n/lSymantec ** ƒ 12.52 -3 119 n/m 7.0 8.1 -16 -836 -497 -8.7 179 19 67 168.4 1 3 1063 17 61 11.8 -18 65 n/a n/l n/lAnite 12.10 -30 -20 123.3 10.2 13.4 10 -39 -31 8.3 119 -24 -31 147.3 15 20 807 -34 -43 15.0 6 35 36 93 -26NSB (now part of Epicor Software, USA) ** 11.64 -3 -9 134.0 18.4 19.8 9 9 192 13.7 63 4 16 105.2 7 41 602 -3 -20 19.3 0 12 97 n/l n/lSurfControl ** † ƒ 11.07 -19 28 n/m 28.6 32.9 -16 n/m -511 -42.0 39 -45 -38 244.5 79 89 158 -69 -67 70.0 167 298 n/a n/l n/lGoogle ** ƒ 10.14 126 804 n/m 9.7 13.5 -4 n/m >-999 -3.7 104 61 286 193.2 -15 11 539 90 293 18.8 19 376 11 n/l n/lMessageLabs ** 9.98 -4 87 n/m 10.7 18.5 -10 >-999 n/m -10.2 93 2 41 211.7 58 84 441 -35 -23 22.6 48 157 n/a n/l n/lSiemens Product Lifecycle ManagementSoftware ** ƒ8.95 5 5 290.1 19.5 19.7 3 115 -45 6.7 46 15 18 124.3 7 -3 370 8 21 24.2 -3 -11 n/a n/l n/lDelcam 8.79 12 28 537.6 26.7 28.3 2 -1 -12 5.0 33 11 30 61.4 -1 -1 536 12 31 16.4 0 -2 45 15 -29Thales e-Security ** 8.66 12 87 184.0 33.1 33.3 5 11 140 18.0 26 16 38 151.0 -2 13 173 18 22 50.0 -6 57 n/a n/l n/lSDL 8.04 50 95 42.2 5.1 6.5 19 48 129 12.0 159 35 80 82.2 20 40 1932 12 30 4.2 33 52 50 247 -5Temenos ** ƒ 7.88 12 46 n/m 23.2 24.2 -9 >-999 n/m -27.4 34 1 47 151.4 -15 19 224 19 24 35.2 -6 18 12 n/l n/lCoda(now part of Unit 4 Agresso, The Netherlands) **7.61 -18 n/a 65.6 12.9 15.3 12 77 n/a 19.6 59 10 n/a 98.8 5 n/a 598 5 n/a 12.7 -22 n/a 12 n/l n/lInnovation 7.54 140 151 n/m 5.4 7.9 -4 -138 -280 -2.6 140 27 81 62.6 12 9 2233 13 65 3.4 112 40 50 139 7StatPro 6.85 6 56 247.2 24.6 28.8 3 -50 17 9.9 28 16 90 112.8 12 7 247 3 75 27.7 2 -15 52 54 59Velti 6.85 101 269 95.4 13.5 16.5 7 53 145 14.1 51 164 342 137.0 35 55 370 96 201 18.5 3 32 16 60 336 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data37

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)37 Software & computer services continuedKewill 6.69 13 79 337.3 12.6 15.6 2 -21 40 3.7 53 5 41 88.3 7 17 603 -2 22 11.1 15 51 39 66 -8Infor Global Solutions (Farnborough) ** ƒ 6.67 100 -7 97.1 41.2 41.2 7 18 75 42.4 16 -24 -19 170.4 -2 60 95 -22 -54 70.2 157 106 n/a n/l n/lPicochip Designs ** ƒ 6.50 9 n/a n/m 118.7 128.9 -9 n/m n/m -164.6 5 22 187 59.5 -3 -69 92 26 194 70.6 -14 n/a 61 n/l n/lTransitive ƒ 6.49 16 49 n/m 264.2 281.2 -8 n/m n/m -311.2 2 -37 -8 27.3 -43 -28 90 10 27 72.1 5 18 99 n/l n/lSilverstar Acquisitions(aka Empire Interactive) ** † ƒ6.22 -9 -30 239.3 35.2 55.5 3 n/a n/a 14.7 18 -17 -33 212.9 5 7 83 -21 -39 74.9 15 14 25 n/l n/li2 (now part of i2 Holdings) ** ƒ 6.12 10 22 84.5 26.4 27.6 7 -1 66 31.2 23 2 8 117.7 2 16 197 0 -8 31.1 10 30 n/a n/l n/lMicrogen 5.59 9 3 114.1 16.9 19.4 5 43 509 14.8 33 -8 -16 104.9 -3 13 315 -5 -26 17.8 15 37 n/a 66 25Superscape (now part of Glu Mobile, USA) ** 5.50 19 29 n/m 54.5 54.9 -4 n/m n/m -37.9 10 21 130 75.8 15 70 133 6 42 41.3 12 -14 100 n/l n/lnCipher (now part of Thales UK) 5.46 35 73 253.5 22.6 23.7 2 n/a n/a 8.9 24 15 47 123.3 0 -1 196 15 48 27.9 18 16 50 n/l n/lUbiquity Software ** † ƒ 5.46 -39 4 n/m 669.6 679.9 -23 n/m n/m >-999 1 -87 -85 6.5 -76 -81 126 -45 -22 43.3 10 42 100 n/l n/lMacro 4 (now part of Unicom, USA) 5.25 2 4 >999 18.1 19.5 1 -83 -77 1.8 29 -4 -8 121.2 -4 -4 239 0 -4 22.0 3 8 34 n/l n/lNorthgate Information Solutions ** 4.91 -73 -64 n/m 4.3 17.1 -4 -108 -114 -3.1 113 -68 -56 16.2 -84 -82 6968 100 156 0.7 -87 -86 n/a n/l n/lICEM ** ƒ 4.81 22 48 122.0 46.1 46.3 4 >999 558 37.8 10 6 -26 1304.1 33 232 8 -20 -87 601.4 53 374 31 n/l n/lActix International * ƒ 4.80 -6 -22 n/m 18.0 19.7 -1 n/m n/m -2.5 27 18 -1 162.4 46 30 164 -19 -24 29.3 16 3 63 n/l n/lRedac * ƒ 4.75 -19 9 124.0 7.5 8.5 4 n/a n/a 6.0 63 10 0 126.4 3 16 502 7 -14 9.5 -24 16 3 n/l n/lBond International Software 4.63 5 73 161.4 14.5 16.4 3 -45 -14 9.0 32 9 82 70.1 -9 -7 456 19 97 10.2 -12 -13 22 26 -28Alterian 4.19 41 67 131.2 12.5 13.4 3 -14 163 9.6 33 73 158 124.3 -18 -3 269 112 174 15.6 -33 -41 n/a 83 9FFastFill 4.14 330 307 n/m 28.8 32.4 999 18.2 29.4 999 67.5 72.6 999 >999 9 -20 n/a >999 999 9.6 15 0 -6 125.9 -26 11 119 35 -21 20.2 -11 43 61 n/l n/lCognos Europe (now part of IBM) ** ƒ 2.39 -24 -14 78.2 4.7 5.6 3 n/a 76 6.0 51 8 24 181.6 10 26 282 -1 -1 8.5 -23 -13 6 n/l n/l38 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data39

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)37 Software & computer services continuedConchango * 2.32 44 476 81.3 6.1 8.0 3 45 284 7.5 38 16 84 127.0 -4 20 298 21 59 7.8 19 378 5 n/l n/lCraneware 2.14 829 >999 96.6 16.5 17.0 2 166 3 17.0 13 24 50 129.9 11 -6 100 11 54 21.4 736 996 100 67 n/aInforSense ƒ 2.11 34 n/a n/m 61.0 62.2 -5 n/m n/a -148.9 3 3 n/a 65.1 7 n/a 53 -4 n/a 39.7 39 n/a 71 n/l n/lGresham Computing 2.07 33 30 n/m 14.9 17.1 -1 n/m n/m -5.9 14 4 2 113.9 15 18 122 -10 -13 16.9 48 49 41 25 -30Volantis Systems ƒ 2.06 -22 6 n/m 32.0 32.6 -6 n/m n/m -87.0 6 -13 24 46.3 3 -19 139 -15 52 14.8 -8 -36 53 n/l n/lGraham Technology (now Ciboodle)(now part of Sword, France) ** ƒ2.03 13 19 n/m 11.2 14.2 -4 >-999 -371 -21.1 18 23 22 57.4 -11 -19 316 38 49 6.4 -18 -20 35 n/l n/lSopheon 1.97 32 71 984.0 21.2 22.1 -999 -72.3 8 -43 -24 85.2 -47 -45 92 8 40 20.8 -4 n/a n/a n/l n/lCapula ƒ 1.90 -31 5 61.8 8.3 9.8 3 -1 >999 13.4 23 -8 13 127.2 -4 26 180 -4 -12 10.6 -29 17 0 n/l n/lTouchpaper ƒ 1.89 -2 9 272.8 10.8 11.4 1 n/a n/a 4.0 17 10 13 84.5 10 2 207 0 10 9.1 -2 -1 12 n/l n/lMedicsight ** 1.82 47 37 n/m >999 >999 -11 n/m n/m >-999 -999 -45.4 22 6 27 73.7 -12 -11 299 21 43 5.2 8 -20 n/a 18 158Velocity * ƒ 1.56 -45 -31 >999 4.2 7.0 999 15.7 19.8 999 22.4 26.4 999 >999 4.8 0.7 1.4 31 81 262 15.0 204 46 139 154.8 10 19 1321 33 102 1.1 >999 >999 37 n/l n/lSynchronica 1.42 46 66 n/m 38.3 42.8 -6 n/m n/m -174.9 4 62 67 50.8 2 30 73 59 20 19.5 -8 38 81 21 198ServicePower Technologies 1.35 -5 -1 235.5 8.6 10.0 1 n/a n/a 3.7 16 11 68 114.1 12 36 137 -1 29 9.8 -5 -27 76 14 178Quative ** ƒ 1.34 20 n/a n/m 94.3 99.4 -3 n/m n/a -207.5 1 314 n/a 44.3 68 n/a 32 146 n/a 41.8 -51 n/a 0 n/l n/lIntercede 1.33 28 43 89.5 23.3 24.0 1 n/a n/a 26.1 6 103 143 121.3 73 90 47 18 29 28.3 9 11 42 24 170Memex ƒ 1.30 30 34 >999 19.1 19.6 999 16.8 5 53 132 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/l n/lBrady 1.29 7 n/a 184.4 20.9 23.4 1 117 85 11.3 6 8 40 112.1 10 19 55 -2 15 23.4 9 n/a 49 19 71SciSys 1.29 188 -79 n/m 3.4 4.9 -2 n/m -169 -4.7 38 49 -34 86.9 27 10 438 17 -38 2.9 146 -62 0 16 100ViaLogy 1.25 256 >999 n/m >999 >999 -5 n/m n/m >-999

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)37 Software & computer services continuedTarget ƒ 1.10 -26 -4 n/m 6.0 14.2

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)38 Support services continuedThorn Security ** ƒ 3.80 9 17 n/m 5.4 5.7 -2 n/m n/m -3.3 70 -10 -15 294.1 1 28 239 -11 -35 15.9 23 74 8 n/l n/lSGL * ƒ 3.69 38 31 445.1 3.3 6.0 1 -82 -86 0.7 111 19 38 86.9 -4 -3 1283 24 45 2.9 12 -12 44 n/l n/lForensic Science Service ƒ 3.53 -20 n/a n/m 2.6 6.4 -1 n/m n/a -0.7 138 -13 n/a 66.2 2 n/a 2086 -14 n/a 1.7 -7 n/a 0 n/l n/lHogg Robinson 3.30 122 187 12.9 0.9 2.6 26 -30 -19 7.3 351 6 8 56.3 3 11 6236 3 -3 0.5 115 191 26 85 -42OFCOM ƒ 3.22 102 9 n/m 6.1 9.2 -74 n/m n/m -141.6 52 -10 -9 64.1 -10 -13 817 1 4 3.9 100 4 0 n/l n/lChristie 3.09 -30 -1 n/m 4.2 5.7 -16 -330 -416 -22.1 73 -16 -9 54.9 -11 -9 1332 -6 0 2.3 -26 0 0 13 -24Happold ƒ 3.08 73 n/a 28.5 2.6 4.1 11 15 n/a 9.0 120 30 n/a 76.4 11 n/a 1573 17 n/a 2.0 47 n/a n/a n/l n/lJarvis 2.80 75 600 933.3 0.8 1.2 -999 -426 -55.5 41 23 27 82.1 6 11 502 16 14 4.8 157 78 0 n/l n/lScott Health & Safety ** ƒ 2.39 14 113 101.9 6.6 8.5 2 -36 -48 6.5 36 -3 9 152.6 5 13 237 -7 -4 10.1 23 123 n/a n/l n/lFortent ** ƒ 2.36 -2 5 n/m 40.1 42.2 -7 n/m n/m -111.0 6 -31 -29 82.7 -2 16 71 -30 -39 33.2 39 72 n/a n/l n/lPA ƒ 2.25 -2 -69 8.0 0.6 2.9 28 -12 20 6.9 408 9 20 139.6 6 11 2922 3 8 0.8 -5 -68 23 n/l n/lWood Mackenzie ƒ 2.18 -6 n/a 8.8 2.7 5.3 25 40 n/a 31.2 80 29 n/a 156.8 2 n/a 508 27 n/a 4.3 -26 n/a n/a n/l n/lQuadnetics 2.01 82 236 48.1 2.5 3.7 4 16 85 5.3 79 20 97 174.0 9 19 455 10 65 4.4 65 108 12 31 42OpSec Security 1.93 7 42 337.7 4.9 11.9 1 -79 -31 1.5 39 19 36 135.7 12 12 290 7 21 6.6 1 18 57 7 -72Impellam † 1.92 140 619 n/m 0.2 0.6 -3 -242 -177 -0.3 907 125 142 327.6 -11 91 2768 153 -24 0.7 -5 184 15 17 n/aHoneywell Security ** ƒ 1.73 4 144 158.1 2.7 2.8 1 -72 -63 1.7 65 17 69 325.3 -5 38 199 24 23 8.7 -16 98 6 n/l n/lDawson 1.70 183 750 13.7 0.2 0.6 12 23 -12 1.6 775 0 7 238.5 -2 1 3250 2 6 0.5 178 717 0 7 -84Rentokil Initial 1.70 -6 -43 1.8 0.1 9.6 94 -58 -63 3.9 2410 1 3 30.8 -1 12 78242 2 -8 999 n/a 96.8 -21 n/a 46 >999 n/a 19.4 224 n/a n/a 999 48.5 50.9 3 88 n/a 4.1 64 16 51 125.4 -1 8 511 17 42 60.9 -1 -3 55 373 122STMicroelectronics R&D ** ƒ 30.43 -4 8 >999 93.2 96.8 1 106 -34 2.5 33 -6 0 88.7 -7 -6 368 1 6 82.7 -5 2 0 n/l n/l44 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data45

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)39 Technology hardware & equipmentcontinuedWolfson Microelectronics 27.77 -2 43 478.6 20.1 22.5 6 -77 -75 4.2 138 -14 10 376.6 -17 -19 366 3 36 75.9 -5 7 n/a 155 -45Broadcom Europe ** ƒ 24.27 17 157 n/m 53.6 60.0 -1 -106 -125 -1.2 45 -49 18 296.0 -62 -38 153 33 133 158.6 -12 20 n/a n/l n/lDialog Semiconductor 23.57 14 -2 639.6 20.9 23.4 4 n/a n/a 3.3 113 86 22 441.4 67 20 255 12 3 92.4 2 -4 n/a 170 227Cisco Systems ** ƒ 21.55 18 21 n/m 5.7 7.9 -6 -117 -121 -1.6 379 12 24 236.7 1 2 1602 10 21 13.5 7 0 0 n/l n/lRicoh Europe ** ƒ 21.30 n/a n/a 17.6 0.9 5.8 121 -3 n/a 5.1 2345 11 n/a 166.5 -7 n/a 14086 20 n/a 1.5 n/a n/a 1 n/l n/lRenesas Technology Europe ** ƒ 20.68 3 239 202.5 4.9 5.1 10 27 124 2.4 422 -2 -21 1061.1 -2 -15 398 -1 -7 52.0 3 248 11 n/l n/lNortel Networks ** ƒ 19.50 -18 -55 n/m 2.9 3.8 -1 -108 -101 -0.1 665 -7 7 296.6 -3 37 2242 -4 -25 8.7 -14 -37 13 n/l n/lSepura 15.31 11 55 145.7 20.7 23.0 11 -16 47 14.2 74 9 48 242.2 -5 -8 306 15 58 50.0 -3 0 n/a 64 -35Micron Europe ** ƒ 14.05 -4 32 178.9 3.3 3.3 8 -14 -33 1.8 429 -13 -31 1561.5 -18 -18 275 6 -16 51.1 -10 50 n/a n/l n/lPsion 13.69 7 8 n/m 6.9 9.0 -10 -196 -824 -4.8 199 0 15 164.8 1 5 1210 -2 10 11.3 9 -2 45 115 -9NEC Europe ** ƒ 11.95 21 43 n/m 4.3 6.2 -6 -141 -142 -2.0 279 -65 -81 312.1 -65 -81 893 1 -3 13.4 20 47 0 n/l n/lXerox ** ƒ 11.00 0 -49 8.5 0.5 3.6 130 665 341 5.5 2383 0 1 1401.8 -6 -14 1700 6 17 6.5 -6 -59 n/a n/l n/lIntel ** ƒ 10.97 -32 n/a 13.6 0.3 0.4 81 14 56 2.2 3608 -2 144 3502.5 18 168 1030 -17 -3 10.7 -19 n/a n/a n/l n/lAstrium ** ƒ 10.16 9 24 n/m 1.9 3.8 -3 n/m n/m -0.5 530 7 17 238.4 4 24 2221 3 -7 4.6 6 32 4 n/l n/lARC International 9.87 28 35 n/m 57.9 64.8 -9 n/m n/m -54.6 17 18 35 88.3 -3 -3 193 22 39 51.2 5 -2 80 24 -11Avaya ** ƒ 9.53 -19 -16 n/m 7.9 8.3 -1 n/m n/m -0.8 120 -4 -4 180.4 3 1 667 -6 -5 14.3 -13 -12 n/a n/l n/lVislink 9.10 20 52 >999 9.0 11.3 1 -94 -90 0.9 101 2 15 186.1 -9 -17 543 12 38 16.8 6 11 76 42 5TTP Communications ** 9.07 -68 -70 40.3 22.0 26.7 23 -4 n/a 54.7 41 -45 -35 321.3 54 144 128 -64 -76 70.8 -10 21 99 n/l n/lTelit Communications 8.48 1 41 n/m 14.5 17.4 -2 n/m n/m -3.8 58 -20 -25 172.2 -30 -48 339 14 42 25.0 -11 2 52 11 -56Filtronic 6.76 -57 -74 n/m 8.0 10.7 -25 n/m n/m -30.1 84 -36 -61 138.4 80 94 610 -64 -80 11.1 21 31 32 26 -59Ubiquisys ƒ 6.57 66 n/a n/m >999 >999 -10 n/m n/a >-999 -999 1 -37 73 11.0 -52 -3 112 30 121 57.4 -19 -21 83 n/l n/lFreescale Semiconductor ** ƒ 6.25 -6 9 463.1 3.3 5.6 1 n/a -76 0.7 192 -7 -6 169.3 -3 9 1132 -5 -15 5.5 -1 24 64 n/l n/lNational Semiconductor ** ƒ 5.20 38 19 60.5 2.1 6.3 9 -27 -24 3.4 252 -4 -7 586.3 7 13 430 -11 -19 12.1 55 46 22 n/l n/lAmino Technologies 4.96 52 77 381.1 15.5 16.3 1 101 n/a 4.1 32 -1 33 268.1 -11 10 119 11 23 41.7 37 46 40 27 -10Apertio(now part of Nokia Siemens Networks) ƒ4.96 5 93 n/m 25.1 27.2 -4 n/m n/m -19.0 20 44 202 102.4 30 46 193 11 135 25.7 -6 -26 68 n/l n/lNewport Networks 4.72 -27 -1 n/m >999 >999 -10 n/m n/m >-999 999 17.5 39 63 267 603.2 23 117 65 33 111 69.0 32 2 68 n/l n/lTrafficmaster 4.35 14 71 76.8 7.8 10.6 6 5 64 10.2 56 15 24 95.3 18 10 585 -2 13 7.4 16 54 59 40 -2Aviza Technology ** ƒ 4.24 13 -5 n/m 12.5 22.0 -1 n/m n/m -1.7 34 40 78 194.2 19 58 175 17 10 24.2 -4 -13 n/a n/l n/lCML Microsystems 4.00 1 -13 n/m 24.9 25.3 -2 n/m >-999 -12.5 16 -6 -24 83.8 9 -11 192 -14 -15 20.8 17 3 71 5 -58SELEX Communications ** 3.91 18 n/a 30.1 3.1 7.4 13 -35 21 10.4 124 -10 11 150.5 -10 -1 826 0 10 4.7 18 n/a n/a n/l n/lFujitsu Laboratories of Europe ** 3.78 -8 -7 >999 86.5 86.9 999 >999 -6 n/m n/m >-999 999 40.5 -25 92 724 >999 >999 3.3 -85 -90 n/a n/l n/lZarlink Semiconductor ** ƒ 2.33 5 -81 47.5 2.9 8.9 5 73 n/a 6.1 80 15 1 298.6 36 61 269 -16 -42 8.7 25 -65 57 n/l n/lVyke Communications 2.25 202 407 n/m 8.2 10.1 -7 n/m n/m -24.2 27 46 221 410.0 31 59 67 12 153 33.6 170 123 27 14 -4846 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data47

Table 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsTable 1Ranking of the top 1,000 UK companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)39 Technology hardware & equipmentcontinuedConcurrent Technologies 2.03 34 60 73.4 16.1 18.6 3 24 90 21.9 13 19 24 157.8 3 -5 80 16 31 25.4 15 23 50 27 9Racal Acoustics Global * ƒ 1.99 33 n/a 39.3 5.6 6.7 5 43 n/a 14.2 36 34 n/a 193.1 33 n/a 185 1 n/a 10.8 32 n/a n/a n/l n/lITIS 1.80 -2 39 41.9 9.8 17.2 4 20 231 23.4 18 -2 45 139.9 -48 -21 131 87 77 13.7 -48 -25 1 n/l n/lIQE 1.78 13 102 >999 2.9 13.9 999 -5 n/m n/m >-999

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)All companies composite 26643.82 9.20 1.6 24308.64 21911.04 18935.95 17699.76GlaxoSmithKline 1 3708.00 14 15.2 34 3246.00 3457.00 3136.00 2904.00AstraZeneca 2 3503.27 1 15.9 34 3455.97 2702.05 2350.12 2452.36BT 3 1119.00 -11 5.2 12 1252.00 1119.00 727.00 522.00Unilever 4 896.17 7 2.3 14 839.13 875.87 921.31 958.04Royal Dutch Shell 5 880.51 5 0.3 31 835.30 615.52 408.96 384.62Royal Bank of Scotland 6 602.00 25 2.1 4 481.00 382.00 329.00 303.00HSBC 7 531.37 30 0.9 4 408.26 409.65 292.11 218.39Airbus (now Airbus Operations) ** ƒ 8 494.00 24 18.3 1 397.00 445.00 343.00 345.00Rolls-Royce 9 490.00 8 5.4 1 454.00 411.00 352.00 310.00BP 10 413.83 5 0.2 31 393.66 274.73 349.15 305.33Ford Motor ** ƒ 11 408.00 17 4.4 3 348.00 355.00 365.00 436.00Shire ƒ 12 357.56 -1 17.0 34 360.83 210.18 199.71 146.72Pfizer ** ƒ 13 316.42 23 24.9 34 258.28 370.18 350.48 597.77Vodafone 14 280.00 20 0.7 28 234.00 222.00 206.00 198.00Barclays 15 274.00 132 1.2 4 118.00 95.00 68.00 47.00Land Rover (now part of Tata Motors, India) ** ƒ 16 227.30 12 4.2 3 203.70 253.90 231.80 227.20Rio Tinto 17 213.52 345 0.6 27 47.99 10.43 13.91 11.13BAE Systems 18 213.00 21 1.3 1 176.00 162.00 n/a n/aTesco 19 192.00 50 0.4 13 128.00 129.00 115.00 85.00Jaguar Cars ** ƒ 20 180.80 -6 8.6 3 192.80 185.40 193.70 226.10BHP Billiton 21 169.70 44 0.4 27 117.54 52.86 22.95 13.22Roche Products ** 22 163.00 15 24.8 34 141.90 96.73 101.02 96.07Amdocs ƒ 23 156.83 -2 7.1 37 160.28 129.89 100.47 87.92Nokia ** ƒ 24 147.59 8 9.0 39 136.56 110.64 101.91 116.39Sage 25 139.70 25 10.8 37 111.40 94.90 81.60 74.39SELEX Sensors and Airborne Systems ** 25 139.70 14 15.8 9 122.48 120.00 88.00 n/aEli Lilly and Company ** ƒ 27 139.66 30 20.3 34 107.05 107.03 110.15 73.41NDS ** ƒ 28 138.34 14 23.4 37 121.30 101.21 115.81 82.49BAT 29 138.00 16 1.1 40 119.00 97.00 93.00 79.00Amgen ** ƒ 30 130.92 28 79.1 13 102.35 96.78 n/a n/aThomson Reuters ** 31 119.63 -37 2.0 26 190.00 176.00 121.00 128.00Symbian Software ** ƒ 32 118.91 26 69.5 37 94.68 72.67 55.26 46.20Marks & Spencer 33 118.80 82 1.3 18 65.10 46.20 10.70 0.00Reed Elsevier 34 115.00 44 2.2 26 80.00 108.00 102.00 110.00Invensys 35 114.00 14 5.0 37 100.00 89.00 110.00 124.00Merial ƒ 36 110.79 25 6.5 34 88.40 101.61 105.44 98.55CSR 37 106.24 8 22.0 39 98.02 76.03 41.97 19.18Eisai Europe ** ƒ 38 106.07 48 29.4 34 71.44 40.36 38.39 n/aSmith & Nephew 39 105.72 7 4.0 19 98.76 83.46 67.00 66.00Reckitt Benckiser 40 105.00 19 1.6 20 88.00 82.00 63.00 66.00Bentley Motors ** ƒ 41 104.90 33 11.1 3 79.10 106.50 106.90 134.00Misys 42 99.50 38 14.4 37 72.10 88.60 104.10 86.80Nissan Motor ** ƒ 43 98.55 -13 3.5 3 113.21 16.55 n/a n/aGKN 44 97.00 17 2.2 3 83.00 75.00 88.00 91.00Syngenta ** ƒ 45 96.00 -1 27.2 6 97.00 100.00 103.00 72.00Imperial Chemical Industries ** 46 94.00 -39 1.9 6 153.00 147.00 146.00 156.00Procter & Gamble Technical Centres ** ƒ 47 93.76 -4 41.2 38 98.06 103.17 0.00 0.00Novartis Pharmaceuticals ** 48 90.27 14 22.2 34 79.30 64.57 58.57 56.36Sony Computer Entertainment Europe ** ƒ 49 89.71 -18 2.9 24 109.12 79.36 64.24 53.45Tata Steel Europe ** 50 86.00 10 0.7 22 78.00 76.00 66.00 65.00Ineos ƒ 51 83.14 10 0.3 6 75.50 18.56 9.47 9.47Johnson Matthey 52 82.50 21 1.1 6 68.10 63.50 58.80 53.10Old Mutual 53 82.00 -9 n/a 25 90.00 56.00 40.00 5.00Lloyds TSB (now Lloyds Banking) 54 80.00 70 1.1 4 47.00 51.00 40.00 18.00ARM 55 76.73 4 25.7 39 73.78 74.70 70.22 52.50Electronic Data Systems ** ƒ 56 75.48 -3 3.1 37 77.56 75.05 0.00 0.00GE Aviation Systems ** ƒ 57 74.45 -6 18.7 1 78.83 n/a n/a n/aMotorola ** ƒ 58 72.50 -8 10.4 39 78.60 85.20 78.00 69.00Smiths 58 72.50 -42 3.1 17 125.80 216.60 160.50 136.80SCI Entertainment (now Eidos) 60 72.20 5 54.0 24 68.50 57.40 21.07 9.79Cobham 61 70.60 28 4.8 1 55.20 49.30 42.90 37.90RSA Insurance 62 70.00 37 1.0 30 51.00 94.00 122.00 117.00Alliance & Leicester ** 63 66.00 -1 8.0 4 66.40 41.10 12.20 5.50Bombardier Aerospace ** ƒ 64 65.90 495 8.9 1 11.07 11.53 18.54 0.00Tomkins 65 64.47 24 1.7 17 51.90 52.80 46.70 51.30Cadbury 66 64.00 8 0.9 14 59.00 69.00 58.00 58.00Serco 67 63.60 -16 2.0 38 75.50 77.30 45.30 38.40Autonomy 68 62.30 29 17.8 37 48.19 38.15 15.25 9.92Pace 69 59.58 62 8.0 39 36.87 31.33 28.77 23.98Meggitt 70 59.40 12 5.1 1 52.90 37.50 30.77 27.65Spectris 71 57.00 26 7.2 9 45.20 44.70 44.90 43.40Bristol-Myers Squibb ** ƒ 72 56.01 -15 15.0 34 66.21 32.42 29.11 24.49Telefonica Europe ** 73 55.00 -54 0.8 28 119.00 126.55 151.20 n/aBritish Sky Broadcasting 74 53.00 23 1.1 26 43.00 20.00 6.00 0.00Janssen-Cilag ** ƒ 75 52.83 43 20.8 34 36.83 39.34 34.59 35.72Dyson James ƒ 76 52.35 3 8.6 20 50.92 35.55 19.42 14.78Celltech R&D ** ƒ 77 50.80 15 103.5 38 44.00 52.60 90.10 59.70Mercedes-Benz HighPerformanceEngines ** ƒ 78 48.00 0 59.5 3 48.03 59.06 n/a n/aBBC ƒ 79 47.80 197 1.1 26 16.10 14.60 16.20 18.80GE Healthcare ** ƒ 80 45.85 -15 24.3 19 54.09 43.80 85.71 182.00Spirent Communications 81 45.30 -2 17.6 39 46.30 58.00 62.80 67.30RBC Dexia Investor Services 82 42.97 61 5.2 11 26.75 6.41 n/a n/aJohn Wyeth & Brother ** ƒ 83 41.86 7 4.6 34 39.10 32.17 29.64 45.70Oracle ** ƒ 84 40.48 12 9.4 37 36.00 36.66 42.42 53.91Aventis Pharma ** ƒ 85 40.42 260 8.1 34 11.22 8.85 12.73 n/aGoodrich Controls ** ƒ 86 40.00 3 8.5 1 39.00 39.50 56.60 52.20Laird 87 39.00 55 6.1 9 25.10 20.90 16.00 7.70KPMG Europe 88 38.67 287 1.2 38 10.00 3.00 6.00 0.00IMI 89 38.20 24 2.0 21 30.70 34.10 29.40 23.80Perkins Engines ** ƒ 90 37.06 0 3.5 3 36.90 32.72 28.08 24.69National Australia ** 91 37.00 -45 3.0 4 67.00 50.00 n/a n/aFujitsu Telecom ** ƒ 92 36.52 13 17.3 39 32.20 15.14 14.77 9.99Organon Laboratories ** ƒ 93 36.41 3 33.0 34 35.28 31.49 30.55 30.57Boehringer Ingelheim ** ƒ 94 35.86 -10 14.1 34 39.63 31.01 15.59 24.59Hewlett-Packard ** ƒ 95 35.66 14 1.1 39 31.22 30.56 30.79 26.44Beig Topco (aka Birds Eye) * 96 33.24 333 2.7 14 7.68 n/a n/a n/aUltra Electronics 97 33.10 13 6.4 1 29.25 20.61 15.80 13.56Vectura 98 32.30 9 103.5 34 29.66 16.99 8.03 5.7350 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data51

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)AGCO International ** ƒ 99 31.77 -6 1.2 21 33.91 31.42 22.79 21.69Imagination Technologies 100 31.11 16 48.5 39 26.87 23.42 20.65 19.24Cookson 101 30.70 33 1.4 17 23.10 23.80 22.30 24.30Experian 102 30.60 -28 1.1 38 42.43 32.69 27.13 n/aSTMicroelectronics R&D ** ƒ 103 30.43 -4 93.2 39 31.69 29.51 29.37 22.15JCB Service ** ƒ 104 29.90 -9 1.4 21 32.70 27.92 26.79 22.62VocaLink ƒ 105 29.75 -7 21.4 37 32.00 29.25 8.20 24.68Ipsen (now Ipsen Developments) ** 106 29.24 10 34.2 34 26.63 22.04 18.72 16.47Messier-Dowty ** ƒ 107 29.17 -27 12.3 1 39.95 29.66 21.68 16.48Pearson 108 29.00 45 0.6 26 20.00 n/a n/a n/aBetfair ƒ 109 28.89 32 12.4 41 21.93 11.94 3.78 2.77Edwards 110 28.20 27 5.5 21 22.20 n/a n/a n/aFGP Topco (aka BAA) ** 111 28.00 211 1.1 23 9.00 18.67 27.00 0.00ICAP 111 28.00 15 1.7 11 24.30 12.80 6.70 0.00Tate & Lyle 111 28.00 -13 0.6 14 32.00 22.00 21.00 20.00Wolfson Microelectronics 114 27.77 -2 20.1 39 28.42 23.15 14.93 11.44Allergan ** ƒ 115 27.53 56 53.4 34 17.64 7.95 8.37 0.60AVEVA 116 27.33 28 16.7 37 21.30 17.61 13.95 11.22Renishaw 117 27.31 17 13.6 9 23.43 21.30 17.14 15.50NATS 118 26.20 -2 3.5 23 26.80 23.50 8.44 8.05Acambis (now Sanofi Pasteur)(now part of Sanofi-Aventis, France) **119 25.30 -32 266.3 34 37.00 34.50 28.90 19.90Anglo American 120 25.04 -12 0.1 27 28.52 31.99 27.82 31.30Sophos 121 24.88 24 29.6 37 20.12 13.64 10.14 6.68Broadcom Europe ** ƒ 122 24.27 17 53.6 39 20.66 7.72 4.82 4.53Micro Focus International 123 24.25 48 15.3 37 16.37 15.43 16.28 n/aSamsung Electronics ** ƒ 124 24.04 10 0.9 9 21.76 29.74 23.59 14.57Seton House * ƒ 125 24.00 43 7.2 38 16.80 26.70 19.30 n/aEsso ** ƒ 126 23.70 -46 0.1 31 43.90 40.10 35.10 28.80Dialog Semiconductor 127 23.57 14 20.9 39 20.59 20.19 27.17 28.10Fujitsu Services ** 128 23.40 23 0.8 37 19.10 11.30 40.60 12.00John Lewis 129 23.30 9 0.4 18 21.30 21.80 15.20 n/aDelphi Diesel Systems ** ƒ 130 23.16 25 6.1 3 18.51 16.65 17.12 33.13Rexam 131 23.00 53 0.5 17 15.00 15.00 21.00 13.00CNH ** ƒ 132 22.98 -4 2.3 21 23.99 26.47 18.00 17.39Halma 133 22.91 23 5.0 9 18.68 15.32 14.21 11.21TI Automotive * ƒ 134 22.90 11 1.6 3 20.70 18.50 20.70 22.20Westland Helicopters ** 135 22.85 82 2.9 1 12.57 11.10 12.67 12.14Lifescan Scotland ** ƒ 136 22.75 -6 13.3 19 24.26 24.38 37.04 23.49888 137 22.73 39 12.7 41 16.34 13.48 7.87 4.78Oxford Biomedica 138 22.48 2 122.2 34 22.14 19.52 9.33 9.19PowderMed ** ƒ 139 22.13 146 >999 34 9.00 5.46 1.69 n/aEffem (aka Mars) ** ƒ 140 21.84 3 1.0 14 21.16 22.41 26.32 20.14BTG 141 21.60 116 25.5 34 10.00 9.00 8.10 15.80Cisco Systems ** ƒ 142 21.55 18 5.7 39 18.31 21.96 11.33 19.39Aston Martin ** † 143 21.38 -42 3.7 3 36.85 32.10 33.25 35.46Fisons ** ƒ 144 21.33 42 22.0 34 15.07 5.82 8.81 8.92Ricoh Europe ** ƒ 145 21.30 n/a 0.9 39 n/a n/a n/a n/aWittington Investments (aka Associated British Foods) 146 21.00 31 0.3 14 16.00 12.00 11.00 8.00Fidessa 147 20.73 1 11.0 37 20.51 12.27 10.53 7.41Renesas Technology Europe ** ƒ 148 20.68 3 4.9 39 20.16 0.11 0.38 3.74Glen Electric ** ƒ 149 20.08 23 2.5 20 16.31 14.68 13.76 12.94ITV 150 20.00 -9 1.0 26 22.00 4.00 0.00 0.00Servier R&D ** ƒ 151 19.84 19 91.4 34 16.62 10.82 7.81 6.16Nortel Networks ** ƒ 152 19.50 -18 2.9 39 23.70 32.80 55.40 59.80Visiocorp † 152 19.50 n/a 3.4 3 n/a n/a n/a n/aPilkington Technology ** ƒ 154 19.44 20 24.5 7 16.23 18.79 17.17 17.52Force India Formula One ** ƒ 155 19.22 84 66.1 41 10.43 9.50 12.40 10.89Severn Trent 156 18.90 22 1.2 16 15.50 4.20 3.90 2.70Daily Mail and General Trust ** 157 18.70 34 0.8 26 14.00 10.50 0.00 0.00Charter International 158 18.60 94 1.0 21 9.60 9.10 7.50 7.20Renovo 159 18.55 -9 243.9 34 20.45 11.32 7.72 6.12Protherics (now part of BTG) 160 18.44 32 70.8 34 13.98 6.75 4.58 3.67Antisoma 161 18.43 27 46.6 34 14.51 14.94 6.19 0.00Genus 162 18.40 4 7.1 34 17.70 13.12 8.54 8.96Cattles 163 18.10 -5 2.2 11 19.00 1.20 0.41 0.00Standard Life 164 18.00 6 n/a 25 17.00 12.00 24.00 14.57Alstom ** ƒ 165 17.66 11 2.5 23 15.86 28.27 20.71 29.95Croda International 166 17.60 25 1.8 6 14.10 14.60 8.90 7.30DePuy International ** ƒ 167 17.58 -15 7.5 19 20.64 20.40 14.68 13.52Kofax 168 17.40 14 10.2 37 15.30 12.60 9.89 7.95Visteon ** ƒ 168 17.40 -60 6.3 3 43.30 53.20 53.00 57.30Micromuse ** † ƒ 170 17.16 40 22.6 37 12.25 17.04 8.25 6.68TRW ** ƒ 171 17.05 -21 5.7 3 21.50 26.60 21.80 19.70Liffe ** ƒ 172 17.03 30 6.1 11 13.07 19.64 25.46 15.11Diageo 173 17.00 0 0.2 5 17.00 18.00 16.00 11.00Logica 173 17.00 -22 0.5 37 21.70 40.20 31.10 37.70Thomas Cook ** † 175 16.80 304 0.2 41 4.16 4.05 4.78 8.56LCH Clearnet 176 16.61 7 3.4 11 15.48 38.73 19.66 0.00Crown ** ƒ 177 16.60 -5 2.7 17 17.40 20.00 17.20 19.00Ark Therapeutics 178 16.46 12 >999 34 14.64 13.02 13.94 9.15Ipsen Biopharm ** 179 16.38 19 44.4 34 13.74 8.09 4.41 1.56Allergy Therapeutics 180 16.30 -36 52.5 34 25.34 9.56 5.62 0.45Oxford Instruments 180 16.30 1 7.9 9 16.20 16.20 13.20 13.10e2v Technologies 182 16.03 14 6.9 9 14.09 11.33 5.37 5.28Solexa (now Illumina Cambridge) ** ƒ 183 16.01 9 97.1 19 14.70 9.20 3.97 3.45TUI Travel ** † 184 15.77 689 0.1 41 2.00 n/a n/a n/aSiemens Industrial Turbomachinery ** 185 15.52 13 5.3 21 13.71 19.87 18.54 18.39Hikma Pharmaceuticals 186 15.42 15 3.8 34 13.45 12.72 11.48 6.73Sepura 187 15.31 11 20.7 39 13.82 12.36 7.60 5.64McLaren ƒ 188 15.18 488 6.3 41 2.58 n/a n/a n/aRaymarine 189 15.17 0 11.2 9 15.15 12.64 8.44 8.14Clipper Windpower 190 14.98 114 2.9 8 7.01 4.88 3.54 3.71Britannia Building Society(now part of Co-operative Financial Services)191 14.90 -7 4.0 11 16.10 9.60 17.50 0.00Enodis (now part of Manitowoc, USA) ** 191 14.90 6 1.7 21 14.00 11.70 10.10 14.30Intec Telecom Systems 193 14.88 -2 11.0 37 15.26 15.66 16.51 11.49De La Rue 194 14.70 -36 2.4 38 22.80 22.70 13.70 17.10Kesa Electricals 195 14.50 6 0.3 18 13.68 8.80 3.40 0.00SkyePharma 195 14.50 -51 23.3 34 29.70 31.60 26.00 27.9652 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data53

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)SunGard ** ƒ 197 14.47 -8 8.3 37 15.81 4.60 n/a n/aT-Mobile ** ƒ 198 14.36 -80 0.4 28 71.67 n/a n/a n/aSosei R&D ** ƒ 199 14.20 7 547.1 34 13.24 10.35 9.00 6.39Liberata ƒ 200 14.12 176 7.5 38 5.12 0.00 0.00 0.00Micron Europe ** ƒ 201 14.05 -4 3.3 39 14.71 10.12 9.05 8.60British Energy ** 202 14.00 -7 0.5 8 15.00 13.00 13.00 4.00E.ON ** 202 14.00 75 0.1 8 8.00 6.00 5.00 3.00Enrichment Technology 204 13.98 7 4.2 21 13.06 15.37 n/a n/aVernalis 205 13.95 -23 24.9 34 18.22 20.61 26.49 21.42CMC Markets 206 13.90 65 7.7 11 8.40 5.00 2.10 n/aDresdner Kleinwort ** ƒ 207 13.84 -51 1.6 4 28.19 24.25 16.30 10.30Domino Printing Sciences 208 13.72 21 5.4 9 11.33 10.94 8.30 9.55Psion 209 13.69 7 6.9 39 12.77 13.47 12.00 12.43Expro International * 210 13.26 145 2.2 32 5.42 2.41 1.54 0.68RM 211 13.18 -11 4.6 37 14.89 14.92 16.69 14.55Cummins Turbo Technologies ** ƒ 212 13.17 15 6.8 3 11.43 9.52 6.73 5.69Gyrus (now part of Olympus, Japan) ** 213 13.09 -20 5.9 19 16.42 11.84 6.64 6.47Chevron North Sea ** ƒ 214 12.80 266 1.0 31 3.50 2.20 1.09 1.21Citrix Systems (Research and Development) ** ƒ 215 12.74 16 59.7 37 10.95 n/a n/a n/aSymantec ** ƒ 216 12.52 -3 7.0 37 12.93 9.96 0.00 0.00Vitec 217 12.50 20 3.7 21 10.40 9.90 7.80 7.90MBDA ** 218 12.20 91 1.7 1 6.40 7.70 7.20 6.53Agilent Technologies ** ƒ 219 12.10 -55 7.1 9 26.72 20.87 35.70 34.64Anite 219 12.10 -30 10.2 37 17.33 18.11 14.47 10.52NEC Europe ** ƒ 221 11.95 21 4.3 39 9.89 8.80 7.73 6.90Stirling Medical Innovations ** ƒ 222 11.83 40 90.9 19 8.47 3.28 n/a n/aSSL International 223 11.80 16 1.8 33 10.20 8.80 8.20 8.60Plastic Logic 224 11.71 89 n/a 9 6.19 3.86 n/a n/aChannel Four Television 225 11.70 -6 1.3 26 12.50 12.50 12.10 9.10QinetiQ 225 11.70 -18 0.7 1 14.20 12.20 11.90 1.80Chroma Therapeutics 227 11.64 50 n/a 34 7.77 6.23 4.44 0.83NSB (now part of Epicor Software, USA) ** 227 11.64 -3 18.4 37 12.02 12.69 11.54 14.71Baker Hughes ** ƒ 229 11.60 14 2.1 32 10.20 9.19 9.49 8.20Tandberg Television ** ƒ 230 11.54 55 10.5 26 7.44 9.59 8.76 8.39G4S 231 11.30 102 0.2 38 5.60 1.40 1.40 4.10Biocompatibles International 232 11.24 28 63.6 19 8.78 7.74 7.68 5.41Alizyme 233 11.23 -64 605.1 34 31.14 18.33 15.75 6.27SurfControl ** † ƒ 234 11.07 -19 28.6 37 13.59 9.02 6.73 5.24BG 235 11.00 38 0.1 31 8.00 10.00 7.00 7.00International Power 235 11.00 120 0.3 8 5.00 3.00 3.00 3.00Xerox ** ƒ 235 11.00 0 0.5 39 11.00 15.00 31.00 30.00Intel ** ƒ 238 10.97 -32 0.3 39 16.25 9.89 n/a 7.29Vertex Pharmaceuticals ** ƒ 239 10.94 15 81.0 34 9.53 8.68 8.42 8.25Astellas Pharma Europe ** ƒ 240 10.89 97 2.2 34 5.52 5.19 11.72 34.08Lotus ** ƒ 241 10.85 93 10.1 3 5.62 5.28 3.92 2.62ProStrakan 242 10.60 5 18.9 34 10.06 10.70 22.43 10.26GW Pharmaceuticals 243 10.43 -17 88.6 34 12.51 13.10 10.28 13.94Arup ƒ 244 10.39 50 1.4 38 6.94 6.29 5.34 7.55Thales UK ** 245 10.36 39 3.2 1 7.45 5.92 4.18 4.63TT electronics 246 10.30 8 1.8 9 9.50 8.60 8.70 10.80Elekta ** ƒ 247 10.28 8 6.0 19 9.47 7.51 7.22 7.86SpinVox 248 10.17 93 494.5 28 5.28 0.61 0.04 n/aYule Catto 248 10.17 12 1.6 6 9.08 10.50 10.52 10.57Astrium ** ƒ 250 10.16 9 1.9 39 9.33 8.25 8.22 6.88Google ** ƒ 251 10.14 126 9.7 37 4.49 0.00 0.00 0.00FUJIFILM Imaging Colorants ** ƒ 252 10.13 8 39.2 6 9.37 6.21 n/a n/aNapp Pharmaceutical ƒ 253 10.08 -45 5.7 34 18.33 9.00 5.49 5.37National Grid 254 10.00 -23 0.1 16 13.00 6.00 7.00 9.00Nationwide 254 10.00 117 0.4 11 4.60 15.60 9.50 9.00MessageLabs ** 256 9.98 -4 10.7 37 10.40 5.15 3.66 2.16ARC International 257 9.87 28 57.9 39 7.69 6.74 6.53 8.21Morgan Crucible 258 9.80 13 1.2 9 8.70 8.20 12.50 11.70Weir 258 9.80 10 0.7 21 8.90 6.10 5.25 5.51Archimedes Pharma * 260 9.71 45 50.8 34 6.72 n/a n/a n/aAxis-Shield 261 9.69 71 11.4 34 5.66 11.28 8.97 10.02Baxi * ƒ 262 9.67 -2 1.1 7 9.91 11.74 9.91 7.30Mondi 262 9.67 11 0.2 15 8.70 n/a n/a n/aXchanging 264 9.58 119 1.7 38 4.38 2.05 2.44 3.57FH 1997 (now Claverham) ** ƒ 265 9.55 254 17.9 21 2.70 1.34 0.73 0.84Avaya ** ƒ 266 9.53 -19 7.9 39 11.74 11.62 10.75 11.23MITIE 267 9.50 44 0.6 38 6.60 0.00 0.00 0.00SPD Development ** † ƒ 268 9.36 n/a 72.0 34 n/a n/a n/a n/aThales Avionics ** 269 9.33 -35 14.1 9 14.38 7.49 2.00 2.74Chemring 270 9.30 16 2.6 1 8.00 6.05 3.75 6.03Novo Nordisk ** ƒ 271 9.25 18 4.6 34 7.85 8.57 6.97 6.05New Terex ** ƒ 272 9.23 2 1.1 21 9.01 4.66 3.94 2.32Ardana Bioscience * ƒ 273 9.12 3 >999 34 8.89 6.40 4.01 12.44Ricardo 274 9.10 15 4.6 38 7.90 4.50 3.90 4.42Vislink 274 9.10 20 9.0 39 7.60 6.21 6.00 4.09TTP Communications ** 276 9.07 -68 22.0 39 28.31 26.59 34.79 29.50De Beers ** 277 9.03 -18 0.2 18 11.06 11.23 10.49 10.97Intercytex 278 9.01 -6 >999 34 9.62 8.57 5.61 4.24Lucite International * ƒ 279 9.00 0 1.1 6 9.00 9.00 9.00 9.00RWE Npower ** ƒ 279 9.00 13 0.9 8 8.00 4.00 3.00 4.00Siemens Product Lifecycle Management Software ** ƒ 281 8.95 5 19.5 37 8.55 8.74 8.30 n/aDelcam 282 8.79 12 26.7 37 7.83 7.29 6.51 5.79Thales e-Security ** 283 8.66 12 33.1 37 7.75 5.68 0.43 n/aSun Chemical ** ƒ 284 8.59 -12 2.7 6 9.74 8.34 8.74 7.34Plethora Solutions 285 8.56 4 120.3 34 8.20 5.40 4.55 1.81Generics ** ƒ 286 8.49 -24 9.4 34 11.21 41.90 14.34 10.41Genzyme Therapeutics ** ƒ 286 8.49 90 13.1 19 4.47 n/a n/a n/aTelit Communications 288 8.48 1 14.5 39 8.37 7.88 3.78 4.06Johnson & Johnson Consumer Services ** ƒ 289 8.45 >999 5.7 38 0.61 0.31 0.31 0.22Merck Sharp & Dohme ** ƒ 289 8.45 -31 2.2 34 12.31 73.80 90.68 62.36Amarin 291 8.42 -26 n/a 34 11.45 5.78 2.42 3.79Avis Europe ** 292 8.41 26 0.7 41 6.67 5.70 1.64 0.00N Brown 293 8.30 24 1.3 18 6.70 0.00 0.00 0.00NEOVIA Financial 293 8.30 108 15.7 11 4.00 6.34 5.65 0.40Cummins ** ƒ 295 8.23 11 0.9 3 7.44 5.99 n/a n/aBOC ** ƒ 296 8.20 -51 1.0 16 16.72 18.40 17.12 16.2154 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data55

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Johnson & Johnson Medical ** ƒ 297 8.10 14 1.8 19 7.14 7.63 6.98 1.07SDL 298 8.04 50 5.1 37 5.37 4.72 3.88 2.54HJ Heinz ** ƒ 299 8.00 18 1.2 14 6.80 5.60 6.37 5.24Northern Foods 299 8.00 -16 0.8 14 9.50 11.10 n/a 0.00Quantel ƒ 301 7.97 2 22.9 9 7.85 7.66 8.13 8.34Digital Appliance Controls ** ƒ 302 7.92 19 1.3 9 6.65 6.42 3.97 3.35Temenos ** ƒ 303 7.88 12 23.2 37 7.04 6.67 4.51 3.38Genzyme ** ƒ 304 7.87 4 13.3 34 7.54 6.56 4.51 2.71Avecia * 305 7.70 -25 11.7 34 10.30 26.30 45.40 57.70Coda (now part of Unit 4 Agresso, The Netherlands) ** 306 7.61 -18 12.9 37 9.29 n/a n/a n/aBiogen Idec ** ƒ 307 7.60 16 18.7 34 6.57 6.05 n/a n/aInnovation 308 7.54 140 5.4 37 3.14 2.28 2.72 3.87Lombard Medical Technologies 309 7.53 18 385.6 19 6.37 4.79 3.16 1.80Aero Inventory 310 7.51 n/a 2.5 1 n/a 0.00 0.00 0.00GE Fanuc Intelligent Platforms ** ƒ 311 7.42 53 17.6 9 4.85 4.75 4.40 4.34BSS 312 7.40 16 0.6 38 6.40 4.20 0.20 0.10Portland Gas 312 7.40 47 n/a 32 5.03 n/a n/a n/aSenior 312 7.40 1 1.3 1 7.30 7.70 7.70 7.90Bombardier Transportation ** ƒ 315 7.36 17 1.0 23 6.30 5.22 8.37 8.99Toshiba Research Europe ** ƒ 316 7.26 0 74.8 9 7.23 7.36 6.73 6.43Panasonic Europe ** ƒ 317 7.24 111 9.4 9 3.43 10.76 40.13 22.90Wagon 318 7.20 -49 1.0 3 14.20 8.80 9.50 11.10EADS Defence and Security Systems ** ƒ 319 7.19 122 7.2 1 3.24 2.19 0.79 0.11Fiberweb 320 7.10 -4 1.4 38 7.40 n/a n/a n/aInternational Flavours & Fragrances ** ƒ 321 7.09 6 3.9 6 6.72 6.97 6.33 6.17Cohort 322 7.08 29 9.0 1 5.50 1.94 0.00 0.00Guardian Royal Exchange ** 323 7.00 -46 0.2 30 13.00 10.00 16.00 14.00Urenco 324 6.96 7 0.6 8 6.48 12.08 15.00 17.91Kimberly-Clark Europe ** ƒ 325 6.90 -37 0.4 20 11.00 7.07 6.86 6.72Robert Bosch Investment ** ƒ 325 6.90 50 2.1 7 4.60 3.30 3.00 3.80StatPro 327 6.85 6 24.6 37 6.47 4.57 3.71 2.77Velti 327 6.85 101 13.5 37 3.41 1.40 0.77 n/aAfton Chemical ** ƒ 329 6.80 -12 2.7 6 7.71 12.31 10.27 8.05Bayer CropScience ** ƒ 330 6.78 19 2.7 6 5.68 7.12 6.98 12.01Martin-Baker (Engineering) ƒ 330 6.78 -19 5.4 1 8.41 7.75 4.43 3.59Piramed (now part of Roche, Switzerland) ** † ƒ 330 6.78 n/m 82.4 34 0.00 0.58 2.55 n/aFiltronic 333 6.76 -57 8.0 39 15.64 27.65 31.08 27.90Silence Therapeutics 334 6.71 39 303.8 34 4.84 3.19 1.66 1.70Tanfield 335 6.70 140 4.6 38 2.80 0.25 1.46 0.00Kewill 336 6.69 13 12.6 37 5.92 3.68 2.88 2.46Infor Global Solutions (Farnborough) ** ƒ 337 6.67 100 41.2 37 3.33 7.98 8.90 8.55Photo-Me 337 6.67 -11 3.0 24 7.49 7.25 9.44 7.08Total Upstream ** ƒ 339 6.63 8 0.2 31 6.16 5.96 n/a n/aDoncasters ** 340 6.60 144 0.8 1 2.70 2.55 2.48 3.34Ubiquisys ƒ 341 6.57 66 >999 39 3.95 0.15 n/a n/aSpirax-Sarco Engineering 342 6.53 4 1.3 21 6.27 5.81 5.37 3.73Oxagen ƒ 343 6.52 12 n/a 34 5.84 5.58 8.86 9.14International Paint ** ƒ 344 6.50 33 3.6 6 4.90 5.00 4.60 8.90Picochip Designs ** ƒ 344 6.50 9 118.7 37 5.97 2.96 n/a n/aZetex (now Diodes Zetex) 344 6.50 27 10.1 39 5.10 5.45 6.99 8.74Transitive ƒ 347 6.49 16 264.2 37 5.61 4.51 3.98 3.35Eaton Aerospace ** ƒ 348 6.46 51 7.2 1 4.28 7.43 8.76 6.28Sony ** ƒ 348 6.46 -53 0.1 24 13.78 12.42 15.71 27.85INVISTA Textiles ** ƒ 350 6.44 -19 0.7 33 7.93 4.59 4.58 4.91ClearSpeed Technology 351 6.43 6 524.1 39 6.08 4.65 2.50 1.77Chloride 352 6.41 28 2.0 9 5.02 4.65 4.53 5.12Kohler ** ƒ 353 6.31 3 4.3 20 6.12 5.79 5.68 5.79EDF Energy ** 354 6.30 -10 0.1 16 7.00 4.10 3.80 3.10GE Healthcare UK ** ƒ 355 6.29 66 5.7 34 3.79 6.63 6.30 13.15Kerry Ingredients ** ƒ 356 6.28 17 2.2 14 5.37 4.84 5.28 5.06Freescale Semiconductor ** ƒ 357 6.25 -6 3.3 39 6.62 6.52 4.12 n/aSagentia 358 6.23 2 21.4 38 6.09 5.19 5.06 4.85Silverstar Acquisitions (aka Empire Interactive) ** † ƒ 359 6.22 -9 35.2 37 6.82 8.43 9.65 10.86Minster Pharmaceuticals 360 6.20 43 n/a 34 4.33 1.22 0.72 0.02Provident Financial 360 6.20 88 0.8 11 3.30 0.00 0.00 0.00Siemens Magnet Technology ** 362 6.18 -6 4.1 9 6.57 6.99 6.04 7.24i2 (now part of i2 Holdings) ** ƒ 363 6.12 10 26.4 37 5.57 5.22 5.33 4.01Trainline Investment * ƒ 364 6.09 68 8.3 41 3.63 3.68 5.34 23.33Innovia Films ƒ 365 6.06 -1 1.7 6 6.15 4.29 1.29 n/aPV Crystalox Solar 366 6.04 44 2.2 9 4.20 n/a n/a n/aGallaher ** ƒ 367 6.00 -14 0.9 40 7.00 n/a n/a n/aPricewaterhouseCoopers 367 6.00 200 0.3 38 2.00 999 34 7.28 4.89 3.48 2.94Astex Therapeutics 375 5.81 -50 73.3 34 11.66 3.89 12.59 11.38ClinPhone (now part of Parexel International) 376 5.80 116 12.3 19 2.69 1.94 1.62 n/aMichelin Tyre ** ƒ 377 5.76 331 0.7 3 1.34 1.19 1.34 1.47Summit 378 5.75 -32 314.3 34 8.41 2.94 1.03 0.27CDT ** ƒ 379 5.74 -17 36.5 9 6.95 n/a n/a n/aIMERYS Minerals ** ƒ 380 5.73 71 2.0 27 3.35 3.85 3.84 4.75Ciba ** ƒ 381 5.69 -8 1.4 6 6.21 5.16 8.86 2.61Intelligent Energy 382 5.67 50 185.3 9 3.78 6.25 6.78 6.11Brit Insurance 383 5.60 -20 0.5 30 6.99 6.62 10.18 0.00Microgen 384 5.59 9 16.9 37 5.12 6.16 6.16 4.23Norgine ** ƒ 384 5.59 54 7.8 34 3.64 0.04 0.18 n/aAlcoa ** ƒ 386 5.56 -37 1.3 22 8.81 7.51 1.51 1.40Superscape (now part of Glu Mobile, USA) ** 387 5.50 19 54.5 37 4.63 5.92 3.46 3.06nCipher (now part of Thales UK) 388 5.46 35 22.6 37 4.05 2.84 2.83 2.90Ubiquity Software ** † ƒ 388 5.46 -39 669.6 37 8.99 6.30 3.18 2.44Linde Material Handling ** ƒ 390 5.42 34 1.6 21 4.03 4.43 4.10 4.18Cancer Research Technology * ƒ 391 5.39 16 15.8 34 4.63 3.61 2.32 n/aInmarsat 392 5.36 -7 0.8 28 5.77 2.37 12.87 8.69Torotrak 393 5.27 15 114.1 3 4.57 4.45 5.21 5.10Macro 4 (now part of Unicom, USA) 394 5.25 2 18.1 37 5.13 4.87 5.17 5.04Turbo Power Systems ** ƒ 394 5.25 15 77.4 9 4.56 1.18 1.81 1.8856 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data57

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Druck ** ƒ 396 5.22 3 8.5 9 5.07 3.29 3.14 3.66Catalent UK Swindon Zydis ** ƒ 397 5.21 43 9.1 34 3.65 3.28 2.86 3.07National Semiconductor ** ƒ 398 5.20 38 2.1 39 3.77 4.61 4.22 4.86Devro 399 5.16 15 2.8 14 4.49 4.84 4.15 4.04Oxoid ** ƒ 400 5.12 1 6.4 34 5.05 4.18 4.01 4.23Premier Foods 401 5.10 21 0.2 14 4.20 3.60 1.50 0.90Umbro (now part of Nike, USA) ** 402 5.09 -8 5.2 33 5.53 3.94 3.59 2.74BPB ** † 403 5.07 41 111.8 7 3.60 3.00 5.30 5.40Innospec Ltd ** ƒ 404 5.06 16 2.8 6 4.35 3.42 3.99 3.90Sharp Electronics ** ƒ 405 5.02 10 1.1 9 4.58 6.73 7.07 6.37United Biscuits ** 406 5.00 -12 0.4 14 5.70 10.80 10.70 5.70Randox Laboratories ƒ 407 4.99 -10 9.4 34 5.54 4.84 6.09 7.65ABB ** ƒ 408 4.96 12 1.1 9 4.44 4.26 3.44 3.70Amino Technologies 408 4.96 52 15.5 39 3.26 3.46 2.81 1.69Apertio (now part of Nokia Siemens Networks) ƒ 408 4.96 5 25.1 39 4.74 3.12 1.63 0.78Northgate Information Solutions ** 411 4.91 -73 4.3 37 18.23 16.35 12.76 7.63Foseco (now part of Cookson) 412 4.90 -6 1.1 21 5.20 4.90 4.90 1.80Anglo Design ƒ 413 4.88 -17 6.5 9 5.85 4.28 2.03 2.13SABMiller 414 4.87 -22 999 39 6.46 4.72 4.71 3.12Mouchel 426 4.71 -8 0.7 38 5.15 0.00 0.00 0.00Norton Healthcare ** ƒ 427 4.68 -18 2.7 34 5.73 8.65 11.59 10.80Bond International Software 428 4.63 5 14.5 37 4.43 2.60 2.01 1.65SHL † ƒ 428 4.63 19 5.6 38 3.90 3.00 2.90 2.60PerkinElmer ** ƒ 430 4.62 -5 30.4 9 4.85 4.61 4.38 4.32Elementis 431 4.60 24 1.1 6 3.70 4.40 6.20 5.70Barloworld ** 432 4.59 48 0.3 17 3.10 2.64 3.64 1.71BioVex ** ƒ 432 4.59 -8 n/a 34 4.98 6.74 5.93 4.11TRL Technology ** ƒ 432 4.59 -15 8.7 1 5.40 3.49 1.47 0.75ECO Animal Health 435 4.58 >999 27.8 34 0.02 0.07 n/a n/aCalsonic Kansei Europe ** ƒ 436 4.52 11 1.0 3 4.08 5.56 7.19 11.43Piping Hot Networks ** ƒ 437 4.48 76 11.4 39 2.55 1.96 1.73 1.37Lectus Therapeutics † ƒ 438 4.47 39 n/a 34 3.22 1.13 0.42 0.24GeneMedix (now Reliance GeneMedix) ** 439 4.44 30 n/a 34 3.42 2.33 2.21 3.23Nipson Digital Printing Systems 440 4.40 22 16.1 26 3.61 3.88 2.72 2.46Scottish and Southern Energy 440 4.40 19 999 9 4.00 0.94 1.46 n/aTrafficmaster 444 4.35 14 7.8 39 3.82 3.08 1.52 1.78Consort Medical 446 4.32 3 3.4 19 4.22 3.78 3.18 3.56Vetco Gray ** ƒ 446 4.32 32 1.1 32 3.28 2.15 0.00 0.00Zenergy Power 448 4.30 28 219.3 21 3.35 1.82 n/a n/aElan Pharma ** 449 4.29 -32 53.5 19 6.34 6.35 6.92 n/aIPGL ƒ 449 4.29 72 4.1 11 2.49 2.24 0.70 0.15Xaar 451 4.28 -38 10.2 9 6.87 7.43 5.83 3.84Schering-Plough ** ƒ 452 4.26 -5 1.6 34 4.50 4.34 9.52 n/aToyota ** ƒ 452 4.26 24 0.2 18 3.44 3.55 0.00 0.00Aviza Technology ** ƒ 454 4.24 13 12.5 39 3.77 3.67 4.71 5.77MediGene ** ƒ 455 4.20 -19 580.1 34 5.22 6.00 n/a n/aPhoqus Pharmaceuticals 455 4.20 34 >999 34 3.14 2.50 2.57 n/aAlterian 457 4.19 41 12.5 37 2.98 2.49 2.18 2.41Findel 457 4.19 -20 0.7 18 5.26 0.00 0.00 0.00Thiakis † ƒ 457 4.19 41 >999 34 2.97 0.38

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Debenhams 496 3.70 -14 0.2 18 4.30 10.10 0.00 0.00SGL * ƒ 497 3.69 38 3.3 38 2.67 3.04 3.80 1.75Clearswift Systems ƒ 498 3.68 -16 17.7 37 4.38 4.67 4.41 4.46Monitise 498 3.68 67 246.3 28 2.21 n/a n/a n/aPitney Bowes ** ƒ 498 3.68 1 1.6 39 3.62 3.57 3.65 3.50Chalkfree ƒ 501 3.67 76 3.6 9 2.08 1.52 n/a 1.26Marshalls 501 3.67 -10 1.0 7 4.08 3.78 n/a n/aBluesky Travel Systems ƒ 503 3.64 103 43.9 37 1.79 n/a n/a n/aGivaudan ** ƒ 504 3.62 n/a 1.2 6 n/a n/a n/a n/aMeldex International 504 3.62 47 13.3 34 2.46 1.90 0.28 0.18Victrex 504 3.62 1 2.6 6 3.57 2.48 4.17 3.47Aviagen ** ƒ 507 3.59 -67 1.8 14 10.92 9.20 12.98 13.99Alphameric 508 3.56 -23 8.1 37 4.66 4.33 2.88 3.38i-mate 508 3.56 -8 8.4 39 3.86 1.23 0.38 n/aPursuit Dynamics 508 3.56 4 108.7 21 3.43 0.63 0.47 0.37Portrait Software 511 3.55 -1 25.2 37 3.58 3.14 3.61 4.36Forensic Science Service ƒ 512 3.53 -20 2.6 38 4.42 n/a n/a n/aMAHLE Engine Systems ** † ƒ 513 3.51 n/a 6.7 3 n/a n/a n/a n/aKemble Water ƒ 514 3.50 -15 0.2 16 4.10 3.60 5.30 5.80Luxfer 514 3.50 17 1.4 21 3.00 3.70 4.10 4.00Parametric Technology ** ƒ 516 3.48 8 17.8 37 3.22 2.49 0.00 0.00Dyson 517 3.47 5 5.4 6 3.29 5.16 3.97 3.69Tunstall Healthcare † ƒ 518 3.42 2 2.3 19 3.35 3.61 0.34 n/aChemtura Europe ** ƒ 519 3.41 21 25.5 6 2.82 2.67 2.50 2.63Ascribe 520 3.38 20 19.4 37 2.82 1.86 0.99 0.85Biomet ** † ƒ 521 3.34 -2 2.2 19 3.40 2.70 2.37 2.23Cambridge Broadband Networks ƒ 521 3.34 40 59.8 39 2.39 2.22 2.20 2.02Flomerics (now part of Mentor Graphics, USA) ** 523 3.33 13 20.5 37 2.96 2.21 2.27 2.37FUJIFILM Sericol ** ƒ 524 3.31 40 4.5 6 2.37 1.91 1.26 0.00Beazley 525 3.30 94 0.5 30 1.70 3.70 3.60 0.00Hogg Robinson 525 3.30 122 0.9 38 1.49 1.57 0.82 0.73Lubrizol ** ƒ 525 3.30 9 5.1 6 3.01 0.21 24.09 24.44Pilkington United Kingdom ** ƒ 525 3.30 3 1.1 7 3.20 3.40 3.60 3.60TDG * 525 3.30 -20 0.5 23 4.10 3.30 3.20 0.00Renewable Energy 530 3.29 214 61.9 8 1.05 1.11 0.49 0.80Sunshine Holdings 3 * ƒ 530 3.29 2 1.7 26 3.21 1.13 n/a n/aDRS Data & Research Services 532 3.26 37 18.7 37 2.38 2.06 1.72 1.54PuriCore 532 3.26 12 13.9 19 2.92 2.24 n/a n/aBorregaard Industries ** ƒ 534 3.24 -20 1.4 6 4.07 4.73 4.66 4.67OFCOM ƒ 535 3.22 102 6.1 38 1.59 2.67 4.60 n/aCisco Systems (Scotland) ** ƒ 536 3.21 n/a 67.5 37 n/a n/a n/a n/aAga Rangemaster 537 3.20 -35 1.1 20 4.90 4.50 4.20 3.80Alexander Dennis ƒ 537 3.20 9 1.0 21 2.94 3.11 3.57 n/aKraft Foods ** ƒ 537 3.20 13 0.6 14 2.83 3.67 3.48 4.02IdaTech 540 3.18 91 77.0 9 1.66 n/a n/a n/aMercedes-Benz ** ƒ 540 3.18 -26 0.1 18 4.30 4.17 5.04 0.19AppSense ƒ 542 3.15 37 19.3 37 2.31 n/a n/a n/aElement Six ** ƒ 542 3.15 7 21.9 21 2.94 3.11 2.91 2.83ReNeuron 544 3.13 -39 >999 34 5.17 4.37 4.30 2.40Antonov 545 3.12 38 921.2 3 2.26 1.19 1.50 2.20Surface Technology Systems ** ƒ 546 3.11 3 10.4 39 3.02 2.77 2.88 2.88Dialight 547 3.10 8 4.0 9 2.88 3.04 5.34 6.86Games Workshop 547 3.10 -29 2.8 24 4.34 4.26 4.28 6.63Low & Bonar 547 3.10 55 1.0 7 2.00 1.65 1.81 1.67Melrose 547 3.10 >999 0.3 21 0.20 0.80 0.80 0.00PZ Cussons 547 3.10 -31 0.5 33 4.50 3.90 3.40 4.02Christie 552 3.09 -30 4.2 38 4.44 3.03 2.92 2.10Dupont Teijin Films ƒ 552 3.09 2 3.2 6 3.04 3.24 3.41 3.53Happold ƒ 554 3.08 73 2.6 38 1.79 n/a n/a n/aFFEI ƒ 555 3.06 -44 17.8 9 5.50 5.42 4.61 n/aVero Software 555 3.06 4 22.0 37 2.94 2.07 1.45 1.34Electronic Arts ** † ƒ 557 3.05 -27 74.3 37 4.21 6.08 7.59 n/aSPI Lasers 557 3.05 27 23.4 9 2.40 2.96 2.93 n/aOnyvax ƒ 559 3.04 16 n/a 34 2.61 2.19 3.62 3.13Dairy Crest 560 3.00 3 0.2 14 2.90 1.50 2.20 2.10FCE Bank ** 560 3.00 -70 0.4 11 10.00 2.00 4.00 n/aNeuropharm 560 3.00 131 n/a 34 1.30 n/a n/a n/aNottingham Building Society 560 3.00 31 10.2 11 2.29 2.54 0.02 n/aPorvair 560 3.00 21 5.5 6 2.48 2.89 3.29 3.18Whatman (now part of General Electric, USA) ** 560 3.00 3 2.6 19 2.90 3.20 1.60 2.18SABIC UK Petrochemicals ** ƒ 566 2.99 3 0.2 6 2.91 2.92 3.71 3.49LastMile Communications ƒ 567 2.98 -50 >999 39 5.96 1.58 0.04 0.02TopoTarget ** ƒ 567 2.98 22 324.9 34 2.45 1.61 2.08 1.58Danoptra ƒ 569 2.96 2 1.5 41 2.90 1.99 0.80 n/aDoosan Heavy Industries(now Doosan Power Systems) ** † ƒ570 2.95 n/a 0.7 21 n/a n/a n/a n/aOptos 570 2.95 14 4.2 19 2.58 1.54 1.90 1.43Serono ** ƒ 570 2.95 47 5.4 34 2.01 1.27 0.93 0.77Eleco 573 2.93 49 3.5 7 1.96 1.28 1.25 0.96Weston Aerospace ** ƒ 573 2.93 -15 11.0 1 3.45 n/a n/a n/aOxonica 575 2.92 12 86.1 6 2.60 2.01 0.97 0.73Proteome Sciences 575 2.92 -7 343.8 34 3.14 2.87 3.13 3.48Software Radio Technology 575 2.92 27 93.0 39 2.30 2.22 1.46 0.81Hamworthy 578 2.91 43 1.2 21 2.04 1.48 1.25 0.72ISG ** ƒ 579 2.90 15 1.0 7 2.53 1.07 n/a n/aSiemens ** 580 2.89 -13 0.2 9 3.33 2.45 1.66 3.11Pro-Bel ƒ 581 2.88 22 9.7 37 2.36 1.59 1.55 0.33Intelek 582 2.87 32 7.3 39 2.18 1.95 1.87 2.30Workplace Systems International 583 2.86 15 29.9 37 2.50 2.44 2.41 2.26Avdel ** ƒ 584 2.85 -3 4.7 21 2.95 3.03 2.60 n/aHerman Miller ** ƒ 584 2.85 34 2.8 20 2.13 1.55 1.82 1.57Publishing Technology 586 2.81 37 18.3 37 2.05 1.12 1.21 1.82Jarvis 587 2.80 75 0.8 38 1.60 0.00 0.00 0.00Sportingbet 587 2.80 -22 0.2 41 3.60 0.00 0.00 0.00TIBCO Software ** ƒ 587 2.80 -5 >999 37 2.93 0.95 0.00 0.00Tokheim ** ƒ 587 2.80 74 5.2 21 1.61 1.53 1.11 n/aGeneral Dynamics ** ƒ 591 2.78 29 0.8 1 2.16 1.48 0.93 0.72M-I Drilling Fluids ** ƒ 592 2.77 35 1.0 6 2.04 1.58 1.21 1.15Prysmian Cables & Systems ** ƒ 592 2.77 -17 0.7 9 3.34 3.59 2.46 3.72Eurovestech 594 2.76 19 14.1 11 2.31 1.57 0.00 0.0060 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data61

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)ImmuPharma 595 2.74 43 n/a 34 1.91 0.76 0.97 0.00Tepnel Life Sciences (now Gen-Probe Life Sciences)(now part of Gen-Probe, USA)595 2.74 32 11.2 34 2.07 1.78 1.74 1.55A V CO 1 (aka Avery Weigh-Tronix) ** † ƒ 597 2.72 -14 2.2 21 3.18 3.43 5.76 3.373com ** ƒ 598 2.71 5 1.4 39 2.57 1.95 n/a n/aKerry Foods ** ƒ 598 2.71 -6 0.6 14 2.88 3.41 2.23 1.47Camelot 600 2.70 -36 0.1 41 4.20 13.70 n/a 0.00Chanel ** ƒ 600 2.70 16 1.4 18 2.32 2.30 2.46 1.72Gooch & Housego 600 2.70 42 8.1 9 1.90 0.95 0.87 0.98Osmetech 603 2.67 -3 758.0 19 2.75 5.60 4.00 2.13Schneider Electric ** ƒ 603 2.67 39 0.8 9 1.93 1.29 1.36 1.45Honeywell Control Systems ** ƒ 605 2.66 -17 0.8 9 3.20 4.57 5.43 4.11York Pharma ƒ 605 2.66 -12 n/a 34 3.03 1.42 n/a n/aip access ƒ 607 2.65 -18 17.4 9 3.25 4.50 3.16 2.75Sinosoft Technology 607 2.65 7 31.6 37 2.49 1.43 0.96 n/aAkzo Nobel Decorative Coatings ** ƒ 609 2.64 6 1.4 6 2.50 2.71 2.75 2.76Infor Global Solutions ** ƒ 609 2.64 -1 20.8 37 2.67 4.71 3.97 n/aMillennium Inorganic Chemicals ** ƒ 609 2.64 33 1.0 6 1.99 1.79 2.38 3.26Sphere Medical 612 2.62 35 >999 19 1.95 1.50 0.98 0.14Andor Technology ƒ 613 2.61 36 10.5 9 1.91 2.00 1.77 1.39Qualcomm ** ƒ 613 2.61 -13 11.5 28 2.99 3.83 n/a n/aJust Retirement 615 2.60 160 0.9 25 1.00 0.00 0.00 n/aSumitomo Electric Wiring Systems ** ƒ 615 2.60 20 0.7 3 2.16 1.45 2.09 3.38Corin 617 2.59 2 6.5 19 2.54 2.50 2.05 1.49Rosemont * ƒ 618 2.58 11 8.0 34 2.33 1.54 0.88 0.96Transaction Systems ƒ 618 2.58 n/m 2.1 38 0.00 0.00 0.00 0.00IR Newport ** ƒ 620 2.57 -31 4.1 39 3.74 3.07 0.81 1.46CA-MC Acquisition ** ƒ 621 2.56 3 8.2 9 2.47 2.65 2.48 2.20Qualcomm Cambridge ** ƒ 622 2.55 88 29.9 37 1.35 1.49 2.57 1.17Corac 623 2.54 64 383.1 21 1.55 1.12 0.97 1.01Cambridge Biotechnology ** ƒ 624 2.53 9 55.7 34 2.32 2.29 2.88 2.37Linn Products † ƒ 624 2.53 -17 13.5 24 3.05 3.89 3.37 3.64W L Shareholding ƒ 626 2.51 21 2.0 9 2.07 1.54 1.52 1.23Abacus (now part of Avnet, USA) 627 2.50 25 0.9 9 2.00 2.10 2.20 0.00Armour 627 2.50 60 4.6 24 1.56 0.46 0.29 0.00Panasonic Manufacturing ** ƒ 627 2.50 -3 1.2 24 2.59 1.78 7.08 7.67Taylor Wimpey 627 2.50 525 0.1 20 0.40 n/a n/a n/aTullett Prebon 627 2.50 178 0.3 11 0.90 0.00 n/a n/aGE Fanuc Intelligent Platforms (Bracknell) ** ƒ 632 2.48 11 23.6 9 2.23 1.59 n/a n/aGenetix 632 2.48 10 9.5 19 2.26 1.77 1.29 1.08Qualcomm Poole ** ƒ 634 2.47 -2 27.3 37 2.51 1.33 0.77 0.61Reedhycalog(now part of National Oilwell Varco, USA) ** ƒ634 2.47 14 1.8 32 2.17 2.70 1.97 1.63Roke Manor Research 636 2.46 n/a 5.8 9 n/a n/a n/a n/aInternational Rectifier ** ƒ 637 2.44 -43 4.4 39 4.30 5.04 5.35 4.33Lombard Risk Managment 637 2.44 4 27.8 37 2.36 n/a n/a n/aAnt 639 2.43 9 64.9 37 2.23 2.12 1.96 1.40Sodexo Services ** ƒ 639 2.43 197 5.9 38 0.82 2.85 1.58 0.01Abcam 641 2.42 41 6.6 34 1.71 1.23 0.74 0.40iSOFT Applications ** † ƒ 641 2.42 n/m 14.2 37 0.00 0.00 0.00 0.00Sanofi Pasteur MSD ** ƒ 643 2.41 19 1.7 13 2.03 1.70 1.93 1.79Axeon 644 2.40 135 8.2 39 1.02 0.57 0.81 0.75Omnibus Systems * ƒ 644 2.40 20 16.0 37 2.00 1.80 1.50 n/aWaterford Wedgwood ** 644 2.40 -35 0.6 20 3.70 3.80 4.60 3.50Cognos Europe (now part of IBM) ** ƒ 647 2.39 -24 4.7 37 3.16 3.27 3.34 1.39Scott Health & Safety ** ƒ 647 2.39 14 6.6 38 2.10 0.87 0.83 0.70Thales Underwater Systems ** 649 2.37 8 1.9 9 2.20 3.85 3.69 2.73Fortent ** ƒ 650 2.36 -2 40.1 38 2.41 2.09 2.30 2.14Nokia Siemens Networks ** † ƒ 651 2.35 n/a 2.0 28 n/a n/a n/a n/aTelex Communications ** ƒ 651 2.35 14 14.4 9 2.07 1.98 1.50 1.21Bernard Matthews ƒ 653 2.33 -28 0.7 14 3.23 2.22 2.60 2.20Zarlink Semiconductor ** ƒ 653 2.33 5 2.9 39 2.22 10.15 16.11 21.31Conchango * 655 2.32 44 6.1 37 1.61 0.00 0.00 0.00Helphire 655 2.32 -41 0.6 11 3.95 2.07 0.31 0.00Proximagen Neuroscience 655 2.32 -11 852.2 34 2.60 1.74 0.33 n/aJeyes ƒ 658 2.31 -2 1.4 20 2.36 1.92 2.19 2.21Moog Controls ** ƒ 658 2.31 54 5.8 21 1.50 1.36 1.07 1.04Energetix 660 2.28 104 >999 21 1.12 0.73 0.42 n/aPA ƒ 661 2.25 -2 0.6 38 2.31 1.46 0.00 25.06Vyke Communications 661 2.25 202 8.2 39 0.75 0.66 0.38 0.00Otsuka Pharmaceutical ** ƒ 663 2.21 -6 1.4 34 2.34 3.48 3.10 4.52AVX ** ƒ 664 2.20 -13 0.8 9 2.54 2.56 3.49 3.74Philips Electronics ** ƒ 664 2.20 -94 0.3 9 37.40 54.10 53.50 62.50Bayer ** ƒ 666 2.18 -29 0.6 19 3.07 0.87 0.03 n/aWood Mackenzie ƒ 666 2.18 -6 2.7 38 2.33 0.41 n/a n/aPilkington Automotive ** ƒ 668 2.17 31 0.3 3 1.66 1.06 1.68 1.68Sareum 668 2.17 14 144.3 34 1.90 1.11 0.70 n/aBASF ** ƒ 670 2.16 -22 0.4 6 2.78 2.74 3.08 1.45Evolution Studios ** † ƒ 671 2.15 16 18.1 24 1.86 1.90 1.65 1.53Renewable Energy Generation 671 2.15 38 60.3 8 1.56 4.16 n/a n/aAirborne Systems * ƒ 673 2.14 2 4.1 1 2.09 3.52 4.18 5.83Craneware 673 2.14 829 16.5 37 0.23 0.00 0.18 0.09Stannah Lifts ƒ 673 2.14 48 1.4 21 1.44 1.48 1.09 0.39AxisMobile 676 2.12 6 212.6 28 1.99 n/a n/a n/aInforSense ƒ 677 2.11 34 61.0 37 1.57 1.19 n/a n/aBody Shop ** 678 2.10 0 0.7 18 2.10 5.76 5.10 4.60Hill & Smith 678 2.10 75 0.4 21 1.20 0.19 0.08 0.07Akzo Nobel Powder Coatings ** ƒ 680 2.08 -20 3.9 6 2.58 2.42 1.51 1.84Markit † ƒ 680 2.08 n/a 1.9 11 n/a n/a n/a n/aGresham Computing 682 2.07 33 14.9 37 1.56 1.74 1.61 1.47Volantis Systems ƒ 683 2.06 -22 32.0 37 2.65 2.32 1.46 1.37Syngenta Seeds ** ƒ 684 2.04 -7 8.1 14 2.18 1.75 1.95 1.78Concurrent Technologies 685 2.03 34 16.1 39 1.52 1.34 1.18 1.06Graham Technology (now Ciboodle)(now part of Sword, France) ** ƒ685 2.03 13 11.2 37 1.81 1.93 1.84 1.26Block Shield 687 2.02 -16 50.4 9 2.39 2.09 1.82 0.21Tissue Science Laboratories * 687 2.02 -11 16.6 19 2.27 1.30 1.41 1.26Quadnetics 689 2.01 82 2.5 38 1.10 0.67 0.36 0.25Aegis 690 2.00 82 0.1 26 1.10 0.20 3.00 0.80Britvic 690 2.00 11 0.2 5 1.80 2.00 1.15 1.3862 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data63

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Centrica 690 2.00 -92 999 37 1.24 1.16 1.31 1.62Infonic 726 1.81 -43 20.5 37 3.21 1.36 0.81 n/aAstellas Pharma ** ƒ 727 1.80 13 2.4 34 1.60 1.00 0.73 0.63Fenner 727 1.80 6 0.4 21 1.70 1.90 2.10 2.28ITIS 727 1.80 -2 9.8 39 1.83 1.59 1.06 0.70KBC Advanced Technologies 727 1.80 -15 3.4 32 2.12 2.43 2.60 1.94Northumbrian Water 727 1.80 0 0.3 16 1.80 2.10 2.30 5.00Controlled Therapeutics (Scotland) ** ƒ 732 1.79 -26 28.9 34 2.41 1.80

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Axon (now part of HCL Technologies, India) 791 1.47 >999 0.7 37 0.01 0.01 0.05 0.00Hitachi Capital ** 792 1.46 54 0.7 11 0.95 0.15 0.00 0.00Datong 793 1.45 7 13.6 9 1.36 1.04 0.84 0.64Medical Marketing International 793 1.45 -34 >999 34 2.18 0.59 0.21 0.16ApaTech ƒ 795 1.44 14 18.9 19 1.27 0.97 0.95 0.65Hornby 796 1.43 16 2.3 24 1.23 0.84 0.10 0.90Synchronica 797 1.42 46 38.3 37 0.97 1.18 0.42 n/aJohn Menzies 798 1.40 250 0.1 38 0.40 0.50 0.00 0.00KemFine ** ƒ 798 1.40 -8 3.9 6 1.52 0.55 n/a n/aRed Lion 49 (aka Solid State Logic) ƒ 798 1.40 27 6.9 9 1.10 0.00 n/a n/aArthro Kinetics 801 1.36 25 52.3 34 1.09 n/a n/a n/aAutomation Partnership ƒ 801 1.36 -13 8.0 21 1.57 2.24 3.22 3.53Adeptra ƒ 803 1.35 -13 11.0 38 1.54 1.14 1.14 0.68Clean Air Power 803 1.35 8 20.9 21 1.26 1.18 0.80 0.00McCormick Tractors International(now Taorai Service) ** ƒ803 1.35 -18 1.2 21 1.65 1.45 1.56 2.08NetPlay TV 803 1.35 n/a 6.8 26 n/a 0.00 0.03 0.19ServicePower Technologies 803 1.35 -5 8.6 37 1.42 1.61 1.02 1.41Winthrop Pharmaceuticals ** ƒ 803 1.35 -14 2.6 34 1.58 n/a 1.28 1.76Bioquell 809 1.34 17 3.9 19 1.15 1.04 1.21 0.94Quative ** ƒ 809 1.34 20 94.3 37 1.12 n/a n/a n/a600 Group 811 1.33 -1 1.6 21 1.34 1.23 1.02 0.99Intercede 811 1.33 28 23.3 37 1.04 1.02 0.89 0.78Kidde Products ** ƒ 811 1.33 16 1.7 21 1.15 0.90 0.93 0.88Thales e-Transactions (now Hypercom)(now part of Hypercom EMEA) **811 1.33 -15 23.7 9 1.57 1.59 2.08 3.18Futura Medical 815 1.32 -7 878.0 34 1.41 1.08 1.54 0.96JohnsonDiversey ** ƒ 815 1.32 8 0.7 6 1.23 1.38 2.07 2.26Lonza ** 815 1.32 94 1.8 34 0.68 0.35 n/a n/aChina Shoto 818 1.31 >999 0.7 9 0.03 0.26 0.22 0.38Civil Aviation Authority ƒ 818 1.31 -1 1.3 23 1.33 1.80 1.69 2.01JohnsonDiversey Equipment ** ƒ 818 1.31 5 10.9 21 1.25 1.18 0.86 0.76Bakkavor London ** 821 1.30 0 0.1 14 1.30 0.00 0.00 1.00Carmelite Capital * ƒ 821 1.30 -35 1.9 11 2.00 2.10 2.50 3.10Connaught 821 1.30 -30 0.2 38 1.85 0.94 0.25 0.12Crane ** ƒ 821 1.30 -26 1.4 21 1.75 1.50 1.61 1.26Harris Watson ƒ 821 1.30 4 2.0 11 1.25 n/a n/a n/aIP 821 1.30 86 68.4 11 0.70 0.00 0.00 0.00Memex ƒ 821 1.30 30 19.1 37 1.00 1.00 0.90 n/aPowerlase ƒ 821 1.30 -3 37.9 9 1.34 1.33 1.73 1.52Southern Water Services * ƒ 821 1.30 0 0.2 16 1.30 1.40 1.50 1.70Stem Cell Sciences (now Asset Realisation) 821 1.30 8 218.6 34 1.20 0.84 0.48 n/aStrategic Thought 821 1.30 2 11.2 37 1.27 0.72 0.58 0.49AFC Energy 832 1.29 99 n/a 9 0.65 0.31 n/a n/aBecrypt ƒ 832 1.29 40 24.8 37 0.92 0.70 0.75 0.05Bostik ** ƒ 832 1.29 17 0.9 6 1.10 1.03 0.95 0.89Brady 832 1.29 7 20.9 37 1.21 n/a n/a n/aCoutant-Lambda (now TDK-Lambda) ** ƒ 832 1.29 -18 5.0 9 1.57 1.56 1.40 1.42Fulleon (now Cooper Fulleon) ** ƒ 832 1.29 32 8.6 9 0.97 0.70 0.41 0.42SciSys 832 1.29 188 3.4 37 0.45 6.99 8.80 8.82Vantis 832 1.29 n/m 1.4 11 0.00 0.00 0.00 0.00Eaton ** ƒ 840 1.28 167 0.9 21 0.48 2.86 2.05 5.77FW Thorpe ƒ 840 1.28 52 2.8 9 0.85 1.03 1.13 0.91Honeywell Analytics ** ƒ 840 1.28 -13 13.7 9 1.48 1.90 1.88 1.59Airvana ** ƒ 843 1.27 174 381.1 39 0.46 0.26 n/a n/aAntenova ƒ 843 1.27 22 51.3 38 1.04 0.98 n/a n/aPsytechnics ƒ 845 1.26 -4 36.0 9 1.31 1.03 0.80 0.73Tennants ƒ 845 1.26 -15 0.4 6 1.48 1.94 1.95 1.56Thales Optronics ** 845 1.26 -53 1.3 1 2.70 2.24 1.51 1.06ViaLogy 848 1.25 256 >999 37 0.35 0.00 0.00 0.00Hazlewood Grocery ** ƒ 849 1.24 -4 0.6 14 1.29 1.26 1.10 0.92eg solutions 850 1.23 -10 33.5 37 1.36 0.81 0.29 0.30SKF ** ƒ 850 1.23 25 0.7 21 0.98 0.98 0.70 0.65Cognis ** ƒ 852 1.22 -20 1.6 6 1.53 1.41 1.38 1.22Surrey Satellite Technology ** † ƒ 852 1.22 -70 3.9 39 4.08 3.98 8.40 3.67Technolog ** † ƒ 852 1.22 0 4.2 9 1.23 0.97 0.82 0.87Vetco Gray Controls ** ƒ 852 1.22 -26 1.6 32 1.64 0.68 0.77 1.41SAI Automotive Fradley ** ƒ 856 1.21 -82 0.9 3 6.61 n/a n/a n/aAppian Technology ƒ 857 1.20 144 25.1 9 0.49 0.39 0.35 0.23DS Smith 857 1.20 9 0.1 17 1.10 1.00 1.10 0.80Nviro Cleantech 857 1.20 -44 n/a 21 2.12 n/a n/a n/aPirelli UK Tyres ** ƒ 857 1.20 -7 0.4 3 1.29 1.32 1.37 1.29Siemens Product Lifecycle Management Software III ** ƒ 857 1.20 10 25.7 37 1.09 1.06 1.04 0.99SigmaKalon (now PPG Architectural Coatings) ** ƒ 857 1.20 23 0.6 6 0.98 0.86 0.87 0.83Ultronics ** ƒ 857 1.20 9 687.9 9 1.10 1.38 1.21 0.66Electronic Data Processing 864 1.19 -11 17.4 37 1.34 1.46 1.60 1.72Business Control Solutions 865 1.18 1 13.0 37 1.17 0.70 0.90 0.55Consilium ƒ 865 1.18 25 16.6 37 0.94 0.75 0.42 0.28Rubicon Partners Industries ƒ 865 1.18 35 0.5 17 0.88 0.17 0.13 0.06in4tek ƒ 868 1.17 37 30.5 37 0.85 0.95 0.85 0.75Park Air Systems ** ƒ 868 1.17 12 5.2 9 1.05 0.78 1.10 1.24Reliance Precision ƒ 868 1.17 -16 6.8 21 1.39 1.08 1.13 1.02GE Aviation Systems Aerostructures ** ƒ 871 1.15 77 1.0 1 0.65 n/a n/a n/aOffshore Hydrocarbon Mapping 872 1.14 64 10.5 32 0.69 0.40 1.02 0.52Trace * 872 1.14 42 9.0 37 0.81 1.05 0.68 0.00Vicorp 872 1.14 9 65.6 37 1.04 1.09 1.41 1.13Feedback 875 1.13 -6 11.8 9 1.21 0.66 0.78 1.49Trelleborg Automotive(now Trelleborg Industrial Products) ** ƒ875 1.13 -36 4.5 3 1.78 1.77 2.15 2.15Cooper Security ** ƒ 877 1.12 -16 6.0 9 1.33 1.76 1.62 1.53Neverfail ƒ 877 1.12 -1 15.7 37 1.14 0.98 1.12 1.05Sondex Wireline ** ƒ 877 1.12 -59 2.7 32 2.74 3.19 2.52 1.95Tribal 880 1.11 -27 0.5 38 1.51 2.49 1.05 0.64Carclo 881 1.10 -8 1.3 6 1.20 1.20 n/a n/aDSG International 881 1.10 -86 999 9 1.03 n/a n/a n/aHonda Racing Development ** ƒ 885 1.09 193 7.0 41 0.37 0.07 0.05 0.04Murex Biotech ** ƒ 885 1.09 26 4.6 19 0.86 1.37 2.00 2.24Respironics Respiratory ** ƒ 885 1.09 -17 11.2 19 1.32 1.29 1.92 2.7066 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data67

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Salamander Organization * ƒ 885 1.09 8 9.0 38 1.01 0.49 n/a n/aSatamatics Global ƒ 885 1.09 0 10.5 37 1.09 1.10 n/a n/aEnfis 890 1.08 -13 66.1 9 1.24 0.75 0.62 0.35Environmental Recycling Technologies 890 1.08 71 99.4 38 0.63 n/a n/a n/aFort Dodge Animal Health ** ƒ 890 1.08 -18 3.5 34 1.32 0.95 0.98 0.80Celsis International 893 1.07 -2 2.9 19 1.09 0.40 0.50 0.51Epistem 893 1.07 8 51.9 34 0.99 n/a n/a n/aOrchard Information Systems ƒ 893 1.07 -1 10.0 37 1.08 n/a n/a n/aThales Naval ** 893 1.07 93 2.0 1 0.55 0.95 1.10 0.00Fair Isaac Services ** ƒ 897 1.06 106 2.3 37 0.52 0.85 0.62 0.00Rolfe & Nolan † ƒ 897 1.06 -24 4.0 37 1.38 1.32 1.10 1.01Sarantel 897 1.06 63 56.9 39 0.65 0.70 0.26 0.79Servision 897 1.06 1 32.1 9 1.04 1.10 1.08 n/aSpeakerbus ƒ 897 1.06 17 7.1 39 0.90 0.60 0.82 0.58Nufarm ** ƒ 902 1.05 -9 1.2 6 1.16 1.86 1.22 0.55Pentagon Chemicals ƒ 902 1.05 -58 2.7 6 2.52 1.85 0.36 0.25Brammer 904 1.04 -27 0.2 38 1.43 1.78 0.99 n/aLatchways 904 1.04 2 2.8 38 1.02 1.03 0.80 0.51Scaid Investments ƒ 904 1.04 26 0.7 20 0.82 0.69 0.68 0.26Smart Holograms ƒ 904 1.04 -26 139.1 9 1.41 0.38 0.79 0.20Solar Century 904 1.04 87 5.4 9 0.56 0.23 0.02 n/aCastledon ƒ 909 1.03 62 1.7 1 0.64 0.62 0.65 0.57AorTech International 910 1.02 25 68.9 19 0.82 0.63 0.65 0.56Thornton & Ross ƒ 911 1.01 15 2.4 34 0.88 1.79 0.46 1.02Zoo Digital 911 1.01 -7 31.0 37 1.08 1.01 0.84 0.83API 913 1.00 9 1.1 17 0.91 0.98 1.06 1.55Guinness Peat 913 1.00 n/a 0.1 11 n/a n/a 1.00 2.00K3 Business Technology 913 1.00 170 2.7 37 0.37 0.23 0.00 0.47Network Rail 913 1.00 0

Table 2Ranking of top 1,000 UK companies by R&D investmentTable 2Ranking of top 1,000 UK companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)OneClickHR 983 0.81 -14 13.8 37 0.95 0.84 0.85 0.75Patsystems 983 0.81 -40 4.1 37 1.36 1.55 0.54 2.85Senetek ƒ 983 0.81 -11 4.4 34 0.91 1.00 1.05 1.09Sunrise Medical ** ƒ 983 0.81 -29 2.1 19 1.14 1.34 1.55 1.78Alcatel-Lucent Submarine Networks ** ƒ 991 0.80 14 0.6 39 0.70 1.70 3.10 4.50Cochlear Research and Development ** ƒ 991 0.80 -80 n/a 19 3.94 3.78 2.17 1.19Corero 991 0.80 184 15.2 37 0.28 0.31 0.23 0.18EMS Satcom ** ƒ 991 0.80 -47 19.7 9 1.51 0.92 1.00 0.82Kelda * 991 0.80 -11 0.1 16 0.90 0.90 0.90 0.90Shepherd Building ƒ 991 0.80 -11 0.1 7 0.90 1.10 1.10 1.001E ƒ 997 0.79 3 5.5 37 0.77 0.76 0.44 n/aBuilding Plastics ƒ 997 0.79 n/m 0.8 7 0.00 0.00 0.00 0.00Serck Controls ** ƒ 997 0.79 42 6.4 37 0.56 0.35 0.31 0.60STMicroelectronics ** ƒ 997 0.79 9 9.2 39 0.73 1.15 1.61 1.5570 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data71

Table 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadTable 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%1 Aerospace & defenceAirbus (now Airbus Operations) ** ƒ 494.00 2702 95 5 0 100Rolls-Royce 490.00 9082 37 28 35 100BAE Systems 213.00 16671 27 57 16 100GE Aviation Systems ** ƒ 74.45 398 52 40 8 100Cobham 70.60 1467 25 55 20 100Meggitt 59.40 1163 35 52 13 100Goodrich Controls ** ƒ 40.00 469 64 26 10 100Ultra Electronics 33.10 515 46 47 7 100Messier-Dowty ** ƒ 29.17 236 90 5 5 100Westland Helicopters ** 22.85 779 78 13 9 100QinetiQ 11.70 1617 48 49 0 96Chemring 9.30 354 43 40 17 100Aero Inventory 7.51 306 18 33 50 100Senior 7.40 562 33 60 7 100EADS Defence and Security Systems ** ƒ 7.19 100 100 0

Table 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadTable 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%7 Construction & materialsBaxi * ƒ 9.67 847 97 0 0 97Robert Bosch Investment ** ƒ 6.90 332 100 0 0 100Balfour Beatty 4.00 8261 72 27 1 100Marshalls 3.67 378 99 0 0 99Low & Bonar 3.10 312 85 12 3 100Eleco 2.93 85 95 0 0 95ISG ** ƒ 2.90 302 99 0 0 99Altro ƒ 1.72 120 69 24 7 100Norcros 1.50 168 64 0 36 100Building Plastics ƒ 0.79 97 100 0 0 1008 ElectricityClipper Windpower 14.98 513 0 100 0 100British Energy ** 14.00 2846 100 0 0 100E.ON ** 14.00 11355 100 0 0 100International Power 11.00 3821 52 25 24 100RWE Npower ** ƒ 9.00 956 100 0 0 100Urenco 6.96 1092 37 34 29 100Scottish and Southern Energy 4.40 25424 100 0 0 100Renewable Energy 3.29 5 100 0 0 100Renewable Energy Generation 2.15 4 99 1 0 100Western Power Distribution ** 0.90 458 100 0 0 1009 Electronic & electrical equipmentSELEX Sensors and Airborne Systems ** 139.70 885 81 15 4 100Spectris 57.00 787 42 23 35 100Laird 39.00 635 16 20 64 100Renishaw 27.31 201 44 23 32 100Halma 22.91 456 52 26 22 100Oxford Instruments 16.30 207 39 27 35 100e2v Technologies 16.03 233 55 34 11 100Agilent Technologies ** ƒ 12.10 171 63 4 33 100TT electronics 10.30 584 55 26 19 100Morgan Crucible 9.80 835 39 43 18 100Quantel ƒ 7.97 35 41 27 32 100Digital Appliance Controls ** ƒ 7.92 590 67 4 29 100GE Fanuc Intelligent Platforms ** ƒ 7.42 42 31 63 6 100Toshiba Research Europe ** ƒ 7.26 10 0 0 100 100Panasonic Europe ** ƒ 7.24 77 100 0 0 100Chloride 6.41 327 67 9 24 100PV Crystalox Solar 6.04 274 30 3 68 100CDT ** ƒ 5.74 16 10 0 90 100Turbo Power Systems ** ƒ 5.25 7 12 87 1 100Druck ** ƒ 5.22 61 62 35 4 100Sharp Electronics ** ƒ 5.02 459 94 0 3 97Novar ED&S ** ƒ 4.79 141 89 0 11 100Xaar 4.28 42 36 16 48 100Ceres Power 4.18 1 100 0 0 100Linx Printing Technologies ** ƒ 4.14 53 54 18 28 100IdaTech 3.18 4 5 67 28 100Dialight 3.10 78 24 65 11 100SPI Lasers 3.05 13 33 19 48 100Prysmian Cables & Systems ** ƒ 2.77 388 88 0 12 100Gooch & Housego 2.70 33 35 48 17 100ip access ƒ 2.65 15 48 41 11 100Andor Technology ƒ 2.61 25 50 30 20 100CA-MC Acquisition ** ƒ 2.56 31 73 18 10 100Abacus (now part of Avnet, USA) 2.50 279 100 0 0 100GE Fanuc Intelligent Platforms (Bracknell) ** ƒ 2.48 11 24 71 5 100Telex Communications ** ƒ 2.35 16 61 20 19 100Philips Electronics ** ƒ 2.20 813 100

Table 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadTable 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%Harris Watson ƒ 1.30 64 53 36 11 100Vantis 1.29 93 100 0 0 100Climate Exchange 0.87 23 49 51 0 100ADVFN 0.81 7 74 21 0 9612 Fixed line telecommunicationsBT 1119.00 21390 93 5 1 100KCOM 1.61 472 100 0 0 100Eircom ** 0.97 1999 100 0 0 10017 General industrialsSmiths 72.50 2321 32 48 21 100Tomkins 64.47 3836 18 58 24 100Cookson 30.70 2203 40 27 32 100Rexam 23.00 4618 42 40 19 100Amcor Flexibles ** ƒ 1.67 186 97 1 2 100DS Smith 1.20 2107 97 0 0 97Rubicon Partners Industries ƒ 1.18 250 67 29 4 100API 1.00 93 65 21 13 10013 Food & drug retailersTesco 192.00 54327 87 0 13 100Amgen ** ƒ 130.92 166 14 86 0 100Sanofi Pasteur MSD ** ƒ 2.41 139 100 0 0 10014 Food producersEffem (aka Mars) ** ƒ 21.84 2278 100 0 0 100Wittington Investments (aka Associated British Foods) 21.00 8319 65 16 19 100Northern Foods 8.00 975 100 0 0 100Kerry Ingredients ** ƒ 6.28 284 89 3 8 100Devro 5.16 183 59 18 23 100Nickerson-Advanta (now Limagrain) ** ƒ 4.08 43 100 0 0 100Aviagen ** ƒ 3.59 199 77 0 23 100Kerry Foods ** ƒ 2.71 440 98 0 0 98Bernard Matthews ƒ 2.33 349 100 0 0 100Syngenta Seeds ** ƒ 2.04 25 100 0 0 100R&R Ice Cream ** 1.97 432 99 0 0 99McCain Foods ** ƒ 1.49 322 100 0 0 100Bakkavor London ** 1.30 1570 98 0 0 98Hazlewood Grocery ** ƒ 1.24 197 100 0 0 100Latimer Newco 2 (aka Weetabix) ** † ƒ 0.99 288 77 20 0 97Cargill ** ƒ 0.95 1023 100 0 0 100Jas Bowman ƒ 0.89 49 99 0 0 9915 Forestry & paperMondi 9.67 6134 74 3 23 100James Cropper 0.93 75 80 12 8 10016 Gas, water & multiutilitiesSevern Trent 18.90 1642 88 9 3 100National Grid 10.00 15721 34 65 0 99BOC ** ƒ 8.20 803 88 4 8 100EDF Energy ** 6.30 6636 100 0 0 100Kemble Water ƒ 3.50 1579 100 0 0 100Centrica 2.00 21345 68 27 0 96CE Electric ** 1.90 563 100 0 0 100Northumbrian Water 1.80 694 100 0 0 100Southern Water Services * ƒ 1.30 619 100 0 0 100Kelda * 0.80 896 98 2 0 10018 General retailersJohn Lewis 23.30 6060 100 0 0 100Kesa Electricals 14.50 4954 100 0 0 100N Brown 8.30 663 100 0 0 100Toyota ** ƒ 4.26 1865 99 0 0 99Findel 4.19 617 95 0 1 96Debenhams 3.70 1839 100 0 0 100Mercedes-Benz ** ƒ 3.18 3243 100 0 0 100Chanel ** ƒ 2.70 200 89 2 9 100DSG International 1.10 8415 100 0 0 10019 Health care equipment & servicesGE Healthcare ** ƒ 45.85 188 27 65 7 100Lifescan Scotland ** ƒ 22.75 171 100 0 0 100DePuy International ** ƒ 17.58 235 100 0 0 100Solexa (now Illumina Cambridge) ** ƒ 16.01 16 0 100 0 100Gyrus (now part of Olympus, Japan) ** 13.09 223 16 79 5 100Stirling Medical Innovations ** ƒ 11.83 13 100 0 0 100Biocompatibles International 11.24 18 68 28 4 100Elekta ** ƒ 10.28 171 44 27 30 100Lombard Medical Technologies 7.53 2 66 25 8 100ClinPhone (now part of Parexel International) 5.80 47 34 59 7 100Consort Medical 4.32 126 47 47 6 100Unipath ** ƒ 4.01 57 64 17 20 100Biomet ** † ƒ 3.34 149 72 21 7 100PuriCore 3.26 23 0 100 0 100Whatman (now part of General Electric, USA) ** 3.00 116 43 39 18 100Optos 2.95 70 7 93 0 100Osmetech 2.67

Table 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadTable 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%20 Household goods & home constructionGlen Electric ** ƒ 20.08 806 85 9 6 100Kohler ** ƒ 6.31 146 97 0 0 97Kenwood ** ƒ 4.09 232 77 2 21 100Aga Rangemaster 3.20 279 84 14 1 100Taylor Wimpey 2.50 3921 73 25 0 98Waterford Wedgwood ** 2.40 415 42 38 20 100Jeyes ƒ 2.31 165 81 16 4 100Scaid Investments ƒ 1.04 151 100 0 0 10021 Industrial engineeringIMI 38.20 1901 52 27 21 100AGCO International ** ƒ 31.77 2738 68 5 27 100JCB Service ** ƒ 29.90 2133 66 11 23 100Edwards 28.20 510 25 32 43 100Charter International 18.60 1887 40 22 37 100Enodis (now part of Manitowoc, USA) ** 14.90 870 22 67 11 100Vitec 12.50 338 32 53 15 100Weir 9.80 1370 19 32 49 100FH 1997 (now Claverham) ** ƒ 9.55 53 90 8 2 100New Terex ** ƒ 9.23 803 58 22 19 100Spirax-Sarco Engineering 6.53 502 48 19 33 100JCB Compact Products ƒ 5.87 260 86 8 6 100Foseco (now part of Cookson) 4.90 431 51 23 26 100Rotork 4.37 320 46 26 28 100Titan Europe 4.03 452 63 12 25 100F G Wilson ** ƒ 3.88 660 43 14 43 100Pursuit Dynamics 3.56 3 84 7 9 100Luxfer 3.50 258 41 49 11 100Alexander Dennis ƒ 3.20 306 75 15 10 100Element Six ** ƒ 3.15 14 98 0 0 98Doosan Heavy Industries (now Doosan Power Systems) ** † ƒ 2.95 452 81 12 7 100Avdel ** ƒ 2.85 60 83 5 12 100A V CO 1 (aka Avery Weigh-Tronix) ** † ƒ 2.72 121 41 45 14 100Corac 2.54 1 100 0 0 100Moog Controls ** ƒ 2.31 40 86 4 10 100Energetix 2.28

Table 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadTable 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%AxisMobile 2.12 1 57 0 43 100Ericsson Services ** ƒ 0.87 46 100 0 0 10030 Nonlife insuranceHLG ƒ 2.00 107 94 4 3 10031 Oil & gas producersBP 413.83 251177 45 34 20 100Chevron North Sea ** ƒ 12.80 1252 100 0 0 100Total Upstream ** ƒ 6.63 3253 100 0 0 10032 Oil equipment, services & distributionExpro International * 13.26 610 36 21 43 100Baker Hughes ** ƒ 11.60 546 76 6 18 100Vetco Gray ** ƒ 4.32 407 38 0 62 100Wellstream 4.01 370 2 2 93 96Reedhycalog (now part of National Oilwell Varco, USA) ** ƒ 2.47 139 67 27 7 100KBC Advanced Technologies 1.80 53 34 44 22 100Offshore Hydrocarbon Mapping 1.14 11 71 11 18 10033 Personal goodsSSL International 11.80 642 74 5 21 100Umbro (now part of Nike, USA) ** 5.09 97 84 8 8 100PZ Cussons 3.10 661 36 0 64 100Boots * ƒ 1.60 3194 100 0 0 100Alexandra 0.81 75 100 0 0 100Colgate-Palmolive ** ƒ 0.81 205 100 0 0 10034 Pharmaceuticals & biotechnologyGlaxoSmithKline 3708.00 24352 34 40 26 100AstraZeneca 3503.27 21979 35 50 15 100Merial ƒ 110.79 1715 32 45 23 100Eisai Europe ** ƒ 106.07 361 100 0 0 100Novartis Pharmaceuticals ** 90.27 407 100 0 0 100Janssen-Cilag ** ƒ 52.83 254 100 0 0 100Aventis Pharma ** ƒ 40.42 502 100 0 0 100Organon Laboratories ** ƒ 36.41 110 100 0 0 100Boehringer Ingelheim ** ƒ 35.86 255 100 0 0 100Vectura 32.30 31 60 40 0 100Allergan ** ƒ 27.53 52 100 0 0 100Acambis (now Sanofi Pasteur) (now part of Sanofi-Aventis, France) ** 25.30 10 0 100 0 100Oxford Biomedica 22.48 18 99 1 0 100PowderMed ** ƒ 22.13 1 77 23 0 100BTG 21.60 85 16 81 3 100Fisons ** ƒ 21.33 97 34 58 9 100Servier R&D ** ƒ 19.84 22 100 0 0 100Renovo 18.55 8 100 0 0 100Protherics (now part of BTG) 18.44 26 11 89 0 100Antisoma 18.43 40 100 0 0 100Genus 18.40 258 43 38 18 99Ark Therapeutics 16.46 1 100 0 0 100Ipsen Biopharm ** 16.38 37 34 66 0 100Allergy Therapeutics 16.30 31 88 11 1 100SkyePharma 14.50 62 58 33 9 100Vernalis 13.95 56 16 84

Table 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadTable 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%Medical Marketing International 1.45

Table 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadTable 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%SciSys 1.29 38 99 0 0 99eg solutions 1.23 4 95 0 5 100Electronic Data Processing 1.19 7 99 1 0 100Business Control Solutions 1.18 9 100 0 0 100Consilium ƒ 1.18 7 100 0 0 100in4tek ƒ 1.17 4 91 9 0 100Trace * 1.14 13 99 1 0 100Neverfail ƒ 1.12 7 30 67 3 100Orchard Information Systems ƒ 1.07 11 100 0 0 100Fair Isaac Services ** ƒ 1.06 47 54 35 11 100Rolfe & Nolan † ƒ 1.06 27 56 40 3 100Zoo Digital 1.01 3 14 86 0 100Cantono ƒ 0.98 9 100 0 0 100Isotrak † ƒ 0.94 13 100 0 0 100Teleware ƒ 0.94 7 96 0 0 96China Eastsea Business Software 0.92 11 0 0 100 100Practiceworks ** ƒ 0.92 14 100 0 0 100Pegasus Software ** ƒ 0.89 7 99 0 0 99Bango 0.83 14 87 10 3 100Invu 0.83 9 100 0 0 100Telephonetics 0.83 10 100 0 0 100OneClickHR 0.81 6 99 0 0 99Patsystems 0.81 20 35 37 27 10038 Support servicesProcter & Gamble Technical Centres ** ƒ 93.76 228 95 5 0 100Serco 63.60 3124 82 12 6 100Celltech R&D ** ƒ 50.80 49 100 0 0 100KPMG Europe 38.67 3274 99 0 0 99Seton House * ƒ 24.00 333 42 22 36 100G4S 11.30 6160 55 21 24 100Arup ƒ 10.39 726 59 8 33 100Xchanging 9.58 558 98 0 0 98MITIE 9.50 1522 100 0 0 100Ricardo 9.10 198 64 18 18 100Johnson & Johnson Consumer Services ** ƒ 8.45 149 100 0 0 100BSS 7.40 1341 100 0 0 100Fiberweb 7.10 513 49 40 11 100Tanfield 6.70 146 38 40 22 100Sagentia 6.23 29 83 13 3 100PricewaterhouseCoopers 6.00 2244 100 0 0 100Mouchel 4.71 657 95 0 5 99CompAir ** ƒ 3.90 265 50 15 34 100Thorn Security ** ƒ 3.80 70 89 1 7 97SGL * ƒ 3.69 111 56 10 34 100Forensic Science Service ƒ 3.53 138 99 0 0 99Hogg Robinson 3.30 351 74 20 6 100OFCOM ƒ 3.22 52 100 0 0 100Christie 3.09 73 99 0 0 99Jarvis 2.80 346 100 0 0 100Transaction Systems ƒ 2.58 122 100 0 0 100Sodexo Services ** ƒ 2.43 41 100 0 0 100PA ƒ 2.25 408 77 19 4 100Quadnetics 2.01 79 83 8 4 95OpSec Security 1.93 39 48 57 0 104Impellam † 1.92 907 85 15 0 100Honeywell Security ** ƒ 1.73 65 94 1 4 100Dawson 1.70 775 97 0 0 97Rentokil Initial 1.70 2410 83 8 9 100John Menzies 1.40 1667 87 7 6 100Connaught 1.30 553 100 0 0 100Antenova ƒ 1.27 2 14 12 74 100Salamander Organization * ƒ 1.09 12 97 1 2 100Environmental Recycling Technologies 1.08 1 20 80 0 100Latchways 1.04 37 89 7 3 100Ten Lifestyle Management ƒ 0.96 10 100 0 0 10039 Technology hardware & equipmentNokia ** ƒ 147.59 1647 99 0 0 99CSR 106.24 483 9 5 86 100ARM 76.73 299 17 32 50 100Motorola ** ƒ 72.50 695 100 0 0 100Pace 59.58 745 47 35 18 100Spirent Communications 45.30 258 19 54 27 100Fujitsu Telecom ** ƒ 36.52 211 100 0 0 100Hewlett-Packard ** ƒ 35.66 3188 98 2 0 100Imagination Technologies 31.11 64 45 22 33 100STMicroelectronics R&D ** ƒ 30.43 33 100 0 0 100Cisco Systems ** ƒ 21.55 379 100 0 0 100Ricoh Europe ** ƒ 21.30 2345 99 0 1 100Renesas Technology Europe ** ƒ 20.68 422 89 0 11 100Nortel Networks ** ƒ 19.50 665 87 3 10 100Psion 13.69 199 55 26 18 100NEC Europe ** ƒ 11.95 279 100 0 0 100Astrium ** ƒ 10.16 530 96 2 2 100ARC International 9.87 17 20 55 25 100Vislink 9.10 101 24 55 21 100TTP Communications ** 9.07 41 1 79 20 100Telit Communications 8.48 58 48 9 43 100Filtronic 6.76 84 68 25 7 100Zetex (now Diodes Zetex) 6.50 65 36 14 50 100ClearSpeed Technology 6.43 1 17 79 4 100Freescale Semiconductor ** ƒ 6.25 192 36 9 55 100National Semiconductor ** ƒ 5.20 252 78 0 22 100Amino Technologies 4.96 32 60 30 10 100Apertio (now part of Nokia Siemens Networks) ƒ 4.96 20 32 35 33 100Newport Networks 4.72

Table 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadTable 3Ranking of top 1,000 UK companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%Pitney Bowes ** ƒ 3.68 232 95 4 2 100i-mate 3.56 42 13 2 85 100Surface Technology Systems ** ƒ 3.11 30 29 41 31 100Intelek 2.87 39 58 18 24 100IR Newport ** ƒ 2.57 63 0 68 32 100International Rectifier ** ƒ 2.44 55 99 0 0 99Zarlink Semiconductor ** ƒ 2.33 80 43 6 51 100Vyke Communications 2.25 27 73 25 2 100Concurrent Technologies 2.03 13 50 43 7 100ITIS 1.80 18 99 1 1 100IQE 1.78 60 10 66 24 100Codian (now Tandberg Products) ƒ 1.58 15 44 37 19 100Innovision Research & Technology 1.57 1 67 29 5 100Airvana ** ƒ 1.27

Table 4Ranking of top 1,000 UK companies by R&D intensity within listing statusTable 4Ranking of top 1,000 UK companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of sales1 FTSE 100 (55) 15791.38 1.3SABMiller 4.87

Table 4Ranking of top 1,000 UK companies by R&D intensity within listing statusTable 4Ranking of top 1,000 UK companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCarclo 1.10 1.3Medical Marketing International 1.45 >999Vero Software 3.06 22.0Matica 0.83 5.8Senior 7.40 1.3Antonov 3.12 921.2Sagentia 6.23 21.4OpSec Security 1.93 4.9Aga Rangemaster 3.20 1.1Futura Medical 1.32 878.0Sopheon 1.97 21.2Armour 2.50 4.6Alexandra 0.81 1.1Proximagen Neuroscience 2.32 852.2Brady 1.29 20.9Tanfield 6.70 4.6Elementis 4.60 1.1Osmetech 2.67 758.0Venteco 0.89 20.1CybIT 0.84 4.3Manganese Bronze 0.83 1.1Syntopix 1.00 706.4Gas Turbine Efficiency 4.85 19.8Christie 3.09 4.2Low & Bonar 3.10 1.0Lombard Medical Technologies 7.53 385.6Publishing Technology 2.81 18.3Patsystems 0.81 4.1Marshalls 3.67 1.0Corac 2.54 383.1Craneware 2.14 16.5Climate Exchange 0.87 3.8Hogg Robinson 3.30 0.9Proteome Sciences 2.92 343.8Concurrent Technologies 2.03 16.1Eleco 2.93 3.5Norcros 1.50 0.9Lipoxen 3.78 325.6Focus Solutions 1.55 16.1KBC Advanced Technologies 1.80 3.4Jarvis 2.80 0.8Summit 5.75 314.3Nipson Digital Printing Systems 4.40 16.1SciSys 1.29 3.4Avis Europe ** 8.41 0.7Silence Therapeutics 6.71 303.8NEOVIA Financial 8.30 15.7Clipper Windpower 14.98 2.9Findel 4.19 0.7Oxford Advanced Surfaces 0.84 250.1OMG 4.12 15.7IQE 1.78 2.9Helphire 2.32 0.6Monitise 3.68 246.3Prologic 1.53 15.7FW Thorpe ƒ 1.28 2.8Tribal 1.11 0.5Zenergy Power 4.30 219.3Amino Technologies 4.96 15.52 ergo 0.87 2.7UMECO 2.00 0.5Plant Impact 1.55 186.4Corero 0.80 15.2K3 Business Technology 1.00 2.7Volex 1.66 0.5Avacta 0.86 185.0Bond International Software 4.63 14.5Quadnetics 2.01 2.5Fenner 1.80 0.4Sareum 2.17 144.3Telit Communications 8.48 14.5Scapa 4.00 2.3Hill & Smith 2.10 0.4Oxford Catalysts 1.61 139.4smartFOCUS 1.50 14.4Vantis 1.29 1.4KCOM 1.61 0.3Innovision Research & Technology 1.57 131.9Eurovestech 2.76 14.1James Cropper 0.93 1.2Brammer 1.04 0.2Plethora Solutions 8.56 120.3Immunodiagnostic Systems 3.81 13.9API 1.00 1.1Business Post (now UK Mail) 0.90 0.2Pursuit Dynamics 3.56 108.7OneClickHR 0.81 13.8Titan Europe 4.03 0.9Dawson 1.70 0.2Environmental Recycling Technologies 1.08 99.4Datong 1.45 13.6China Shoto 1.31 0.7Guinness Peat 1.00 0.1Software Radio Technology 2.92 93.0Velti 6.85 13.5Impellam † 1.92 0.2John Menzies 1.40 0.1Oxonica 2.92 86.1Business Control Solutions 1.18 13.0AFC Energy 1.29 n/aPendragon 1.50 999James Halstead 1.71 1.1Braemore Resources 3.72 41.5Cohort 7.08 9.0LastMile Communications ƒ 2.98 >999Just Retirement 2.60 0.9Synchronica 1.42 38.3China Eastsea Business Software 0.92 8.6Phoqus Pharmaceuticals 4.20 >999Sportingbet 2.80 0.2eg solutions 1.23 33.5ServicePower Technologies 1.35 8.6MicroEmissive Displays 4.35 >999Servision 1.06 32.1Telephonetics 0.83 8.3TIBCO Software ** ƒ 2.80 >9995 AIM (142) 402.22 8.6Sinosoft Technology 2.65 31.6Vyke Communications 2.25 8.2Thiakis † ƒ 4.19 >999Intercytex 9.01 >999Zoo Digital 1.01 31.0Gooch & Housego 2.70 8.1PowderMed ** ƒ 22.13 >999ITM Power 3.92 >999Workplace Systems International 2.86 29.9Manpower Software (now Allocate Software) 0.94 8.1Newport Networks 4.72 >999Energetix 2.28 >999FFastFill 4.14 28.8Intelek 2.87 7.3Sphere Medical 2.62 >999Cyan 1.49 >999Lombard Risk Managment 2.44 27.8Minorplanet Systems 1.70 7.3Screen Technology 0.82 >999ViaLogy 1.25 >999Delcam 8.79 26.7Clarity Commerce Solutions 1.56 7.1Ardana Bioscience * ƒ 9.12 >999ReNeuron 3.13 >999Medicsight ** 1.82 >999Zincox Resources 3.71 >999Voller Energy 1.10 >999Portrait Software 3.55 25.2StatPro 6.85 24.6Intercede 1.33 23.3Pilat Media Global 3.93 22.0IS Pharma 0.83 6.8NetPlay TV 1.35 6.8Bango 0.83 6.0Character 4.86 5.9CeNeS Pharmaceuticals(now Paion) (now part of Paion, Germany) **5.85 >999Ultronics ** ƒ 1.20 687.9Ubiquity Software ** † ƒ 5.46 669.690 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data91

Table 4Ranking of top 1,000 UK companies by R&D intensity within listing statusTable 4Ranking of top 1,000 UK companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesAlizyme 11.23 605.1MediGene ** ƒ 4.20 580.1Sosei R&D ** ƒ 14.20 547.1ClearSpeed Technology 6.43 524.1SpinVox 10.17 494.5Airvana ** ƒ 1.27 381.1TopoTarget ** ƒ 2.98 324.9Acambis (now Sanofi Pasteur)(now part of Sanofi-Aventis, France) **25.30 266.3Transitive ƒ 6.49 264.2Stem Cell Sciences (now Asset Realisation) 1.30 218.6AxisMobile 2.12 212.6Intelligent Energy 5.67 185.3Smart Holograms ƒ 1.04 139.1Picochip Designs ** ƒ 6.50 118.7BPB ** † 5.07 111.8Haptogen ** ƒ 0.95 108.9Celltech R&D ** ƒ 50.80 103.5Solexa (now Illumina Cambridge) ** ƒ 16.01 97.1Quative ** ƒ 1.34 94.3STMicroelectronics R&D ** ƒ 30.43 93.2Servier R&D ** ƒ 19.84 91.4Stirling Medical Innovations ** ƒ 11.83 90.9Nanoco Tech (now part of Nanoco) 0.94 87.2Fujitsu Laboratories of Europe ** 3.78 86.5Piramed(now part of Roche, Switzerland) ** † ƒ6.78 82.4Vertex Pharmaceuticals ** ƒ 10.94 81.0Amgen ** ƒ 130.92 79.1Turbo Power Systems ** ƒ 5.25 77.4Toshiba Research Europe ** ƒ 7.26 74.8Electronic Arts ** † ƒ 3.05 74.3Astex Therapeutics 5.81 73.3Advanced Transport Systems ƒ 1.70 72.0SPD Development ** † ƒ 9.36 72.0Protherics (now part of BTG) 18.44 70.8Symbian Software ** ƒ 118.91 69.5Cisco Systems (Scotland) ** ƒ 3.21 67.5Force India Formula One ** ƒ 19.22 66.1Vicorp 1.14 65.6InforSense ƒ 2.11 61.0Cambridge Broadband Networks ƒ 3.34 59.8Citrix Systems(Research and Development) ** ƒ12.74 59.7Mercedes-Benz HighPerformanceEngines** ƒ48.00 59.5Syntaxin 1.53 59.3Cambridge Biotechnology ** ƒ 2.53 55.7Equisys ƒ 0.88 54.6Superscape(now part of Glu Mobile, USA) **5.50 54.5SCI Entertainment (now Eidos) 72.20 54.0Broadcom Europe ** ƒ 24.27 53.6Elan Pharma ** 4.29 53.5Allergan ** ƒ 27.53 53.4Arthro Kinetics 1.36 52.3Antenova ƒ 1.27 51.3Biotica Technology ** ƒ 1.49 51.3Celtic Pharma Development ** ƒ 3.78 51.0Archimedes Pharma * 9.71 50.8Block Shield 2.02 50.4ICEM ** ƒ 4.81 46.1Ipsen Biopharm ** 16.38 44.4Bluesky Travel Systems ƒ 3.64 43.9Infor Global Solutions (Farnborough) ** ƒ 6.67 41.2Procter & Gamble Technical Centres ** ƒ 93.76 41.2Fortent ** ƒ 2.36 40.1FUJIFILM Imaging Colorants ** ƒ 10.13 39.2Powerlase ƒ 1.30 37.9CDT ** ƒ 5.74 36.5Infermed ƒ 0.83 36.2Psytechnics ƒ 1.26 36.0Silverstar Acquisitions(aka Empire Interactive) ** † ƒ6.22 35.2Ipsen (now Ipsen Developments) ** 29.24 34.2Thales e-Security ** 8.66 33.1Organon Laboratories ** ƒ 36.41 33.0Volantis Systems ƒ 2.06 32.0Tideway Systems ƒ 1.70 30.6CSW ƒ 1.63 30.5in4tek ƒ 1.17 30.5PerkinElmer ** ƒ 4.62 30.4Qualcomm Cambridge ** ƒ 2.55 29.9Sophos 24.88 29.6Eisai Europe ** ƒ 106.07 29.4Controlled Therapeutics (Scotland) ** ƒ 1.79 28.9GE Medical Systems Oxford ** ƒ 1.66 28.6SurfControl ** † ƒ 11.07 28.6Qualcomm Poole ** ƒ 2.47 27.3Syngenta ** ƒ 96.00 27.2i2 (now part of i2 Holdings) ** ƒ 6.12 26.4Aspreva Pharmaceuticals ** 1.62 26.1Siemens Product Lifecycle ManagementSoftware III ** ƒ1.20 25.7Chemtura Europe ** ƒ 3.41 25.5Apertio(now part of Nokia Siemens Networks) ƒ4.96 25.1Appian Technology ƒ 1.20 25.1Pfizer ** ƒ 316.42 24.9Becrypt ƒ 1.29 24.8Roche Products ** 163.00 24.8Axiom Systems(now part of Comptel, Finland) ** ƒ1.92 24.5Pilkington Technology ** ƒ 19.44 24.5GE Healthcare ** ƒ 45.85 24.3Thales e-Transactions (now Hypercom)(now part of Hypercom EMEA) **1.33 23.7GE Fanuc Intelligent Platforms(Bracknell) ** ƒ2.48 23.6NDS ** ƒ 138.34 23.4SPI Lasers 3.05 23.4Temenos ** ƒ 7.88 23.2Quantel ƒ 7.97 22.9Micromuse ** † ƒ 17.16 22.6nCipher (now part of Thales UK) 5.46 22.6SolidWorks R&D ** ƒ 1.49 22.4Novartis Pharmaceuticals ** 90.27 22.2Fisons ** ƒ 21.33 22.0TTP Communications ** 9.07 22.0Element Six ** ƒ 3.15 21.9VocaLink ƒ 29.75 21.4Videojet Technologies ** ƒ 4.19 21.1Infor Global Solutions ** ƒ 2.64 20.8Janssen-Cilag ** ƒ 52.83 20.8Flomerics(now part of Mentor Graphics, USA) **3.33 20.5Infonic 1.81 20.5Eli Lilly and Company ** ƒ 139.66 20.3EMS Satcom ** ƒ 0.80 19.7Siemens Product Lifecycle ManagementSoftware ** ƒ8.95 19.5Ascribe 3.38 19.4AppSense ƒ 3.15 19.3Memex ƒ 1.30 19.1ApaTech ƒ 1.44 18.9Biogen Idec ** ƒ 7.60 18.7GE Aviation Systems ** ƒ 74.45 18.7NSB (now part of Epicor Software, USA) ** 11.64 18.4Airbus (now Airbus Operations) ** ƒ 494.00 18.3Martin Dawes Systems ƒ 3.84 18.2Evolution Studios ** † ƒ 2.15 18.1Macro 4 (now part of Unicom, USA) 5.25 18.1Actix International * ƒ 4.80 18.0FH 1997 (now Claverham) ** ƒ 9.55 17.9FFEI ƒ 3.06 17.8Parametric Technology ** ƒ 3.48 17.8Clearswift Systems ƒ 3.68 17.7GE Fanuc Intelligent Platforms ** ƒ 7.42 17.6Thomas Swan ƒ 4.79 17.6ip access ƒ 2.65 17.4Fujitsu Telecom ** ƒ 36.52 17.3Consilium ƒ 1.18 16.6Tissue Science Laboratories * 2.02 16.6Omnibus Systems * ƒ 2.40 16.0Cancer Research Technology * ƒ 5.39 15.8SELEX Sensors and Airborne Systems ** 139.70 15.8Neverfail ƒ 1.12 15.7Chirotech Technology (now part ofDr Reddy's Laboratories (EU)) ** ƒ1.58 15.1Bristol-Myers Squibb ** ƒ 56.01 15.0Telex Communications ** ƒ 2.35 14.4iSOFT Applications ** † ƒ 2.42 14.2Boehringer Ingelheim ** ƒ 35.86 14.1Computer Software ** † ƒ 3.85 14.1Thales Avionics ** 9.33 14.1Teleware ƒ 0.94 14.0Honeywell Analytics ** ƒ 1.28 13.7Linn Products † ƒ 2.53 13.5Genzyme ** ƒ 7.87 13.3Lifescan Scotland ** ƒ 22.75 13.3Meldex International 3.62 13.3Genzyme Therapeutics ** ƒ 8.49 13.1Ascent Investments ƒ 1.50 13.0Coda (now part of Unit 4 Agresso,The Netherlands) **7.61 12.9Coherent Scotland ** ƒ 1.75 12.6Aviza Technology ** ƒ 4.24 12.5Betfair ƒ 28.89 12.4ClinPhone (now part of Parexel International) 5.80 12.3Messier-Dowty ** ƒ 29.17 12.3Pegasus Software ** ƒ 0.89 11.9Avecia * 7.70 11.7Cantono ƒ 0.98 11.5Emrise Electronics ** ƒ 1.66 11.5Qualcomm ** ƒ 2.61 11.5Piping Hot Networks ** ƒ 4.48 11.4Graham Technology (now Ciboodle)(now part of Sword, France) ** ƒ2.03 11.2Respironics Respiratory ** ƒ 1.09 11.2Tepnel Life Sciences (now Gen-Probe LifeSciences) (now part of Gen-Probe, USA)2.74 11.2Bentley Motors ** ƒ 104.90 11.1Adeptra ƒ 1.35 11.0Weston Aerospace ** ƒ 2.93 11.0JohnsonDiversey Equipment ** ƒ 1.31 10.9Touchpaper ƒ 1.89 10.8Codian (now Tandberg Products) ƒ 1.58 10.7MessageLabs ** 9.98 10.7Vascutek ** ƒ 3.97 10.6Whitehall Laboratories ** ƒ 3.90 10.6Satamatics Global ƒ 1.09 10.5Tandberg Television ** ƒ 11.54 10.592 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data93

Table 4Ranking of top 1,000 UK companies by R&D intensity within listing statusTable 4Ranking of top 1,000 UK companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesMotorola ** ƒ 72.50 10.4Liberata ƒ 14.12 7.5Martin-Baker (Engineering) ƒ 6.78 5.4HR Wallingford ƒ 0.86 3.6Surface Technology Systems ** ƒ 3.11 10.4Redac * ƒ 4.75 7.5Merck Serono ** ƒ 3.73 5.4International Paint ** ƒ 6.50 3.6ID Data ƒ 0.84 10.3EADS Defence and Security Systems ** ƒ 7.19 7.2Serono ** ƒ 2.95 5.4Fort Dodge Animal Health ** ƒ 1.08 3.5Nottingham Building Society 3.00 10.2Eaton Aerospace ** ƒ 6.46 7.2Solar Century 1.04 5.4NATS 26.20 3.5Lotus ** ƒ 10.85 10.1Seton House * ƒ 24.00 7.2Thorn Security ** ƒ 3.80 5.4Nissan Motor ** ƒ 98.55 3.5Zetex (now Diodes Zetex) 6.50 10.1Agilent Technologies ** ƒ 12.10 7.1Siemens Industrial Turbomachinery ** 15.52 5.3Perkins Engines ** ƒ 37.06 3.5Orchard Information Systems ƒ 1.07 10.0Speakerbus ƒ 1.06 7.1Park Air Systems ** ƒ 1.17 5.2Kidde Graviner ** ƒ 0.96 3.4ITIS 1.80 9.8Honda Racing Development ** ƒ 1.09 7.0RBC Dexia Investor Services 42.97 5.2LCH Clearnet 16.61 3.4Google ** ƒ 10.14 9.7Isotrak † ƒ 0.94 7.0Tokheim ** ƒ 2.80 5.2Logan Teleflex ** ƒ 0.87 3.4Pro-Bel ƒ 2.88 9.7Symantec ** ƒ 12.52 7.0Umbro (now part of Nike, USA) ** 5.09 5.2Novar ED&S ** ƒ 4.79 3.4Ten Lifestyle Management ƒ 0.96 9.6Unipath ** ƒ 4.01 7.0Lubrizol ** ƒ 3.30 5.1Thales Missile Electronics ** 1.00 3.4Atlantic Inertial Systems ** ƒ 0.87 9.5Red Lion 49 (aka Solid State Logic) ƒ 1.40 6.9Coutant-Lambda (now TDK-Lambda) ** ƒ 1.29 5.0Visiocorp † 19.50 3.4Nickerson-Advanta (now Limagrain) ** ƒ 4.08 9.5Britannia Pharmaceuticals ** † ƒ 4.85 6.8Renesas Technology Europe ** ƒ 20.68 4.9Freescale Semiconductor ** ƒ 6.25 3.3Generics ** ƒ 8.49 9.4Cummins Turbo Technologies ** ƒ 13.17 6.8TTP ƒ 1.61 4.9McNeil Healthcare ** † ƒ 5.92 3.3MacDermid ** ƒ 1.50 9.4Practiceworks ** ƒ 0.92 6.8Vistec Lithography ** ƒ 0.92 4.8Micron Europe ** ƒ 14.05 3.3Oracle ** ƒ 40.48 9.4Reliance Precision ƒ 1.17 6.8Avdel ** ƒ 2.85 4.7Plextek ƒ 0.97 3.3Panasonic Europe ** ƒ 7.24 9.4MAHLE Engine Systems ** † ƒ 3.51 6.7Cognos Europe (now part of IBM) ** ƒ 2.39 4.7SGL * ƒ 3.69 3.3Randox Laboratories ƒ 4.99 9.4Pittway Systems Technology ** ƒ 1.54 6.6John Wyeth & Brother ** ƒ 41.86 4.6Thomson Broadband ** ƒ 5.94 3.3STMicroelectronics ** ƒ 0.79 9.2Scott Health & Safety ** ƒ 2.39 6.6Murex Biotech ** ƒ 1.09 4.6Dupont Teijin Films ƒ 3.09 3.2Catalent UK Swindon Zydis ** ƒ 5.21 9.1Anglo Design ƒ 4.88 6.5Norbrook Laboratories ƒ 4.74 4.6Thales UK ** 10.36 3.2Nokia ** ƒ 147.59 9.0Cephalon ** ƒ 0.95 6.5Novo Nordisk ** ƒ 9.25 4.6Electronic Data Systems ** ƒ 75.48 3.1Salamander Organization * ƒ 1.09 9.0Trace * 1.14 9.0Bombardier Aerospace ** ƒ 65.90 8.9TRL Technology ** ƒ 4.59 8.7Dyson James ƒ 52.35 8.6Fulleon (now Cooper Fulleon) ** ƒ 1.29 8.6Jaguar Cars ** ƒ 180.80 8.6Druck ** ƒ 5.22 8.5Goodrich Controls ** ƒ 40.00 8.5Ilmor Engineering ƒ 0.90 8.5i-mate 3.56 8.4Capula ƒ 1.90 8.3SunGard ** ƒ 14.47 8.3Trainline Investment * ƒ 6.09 8.3Axeon 2.40 8.2CA-MC Acquisition ** ƒ 2.56 8.2Aventis Pharma ** ƒ 40.42 8.1Syngenta Seeds ** ƒ 2.04 8.1Alliance & Leicester ** 66.00 8.0Automation Partnership ƒ 1.36 8.0Rosemont * ƒ 2.58 8.0Avaya ** ƒ 9.53 7.9Linx Printing Technologies ** ƒ 4.14 7.9Forest Laboratories ** ƒ 1.97 7.8Invotec † ƒ 1.83 7.8Norgine ** ƒ 5.59 7.8CMC Markets 13.90 7.7Fair Isaac ** ƒ 1.93 7.6DePuy International ** ƒ 17.58 7.5Global Communications(now Global Invacom) ƒ1.75 6.5Merial ƒ 110.79 6.5Oxoid ** ƒ 5.12 6.4Serck Controls ** ƒ 0.79 6.4McLaren ƒ 15.18 6.3Visteon ** ƒ 17.40 6.3Conchango * 2.32 6.1Delphi Diesel Systems ** ƒ 23.16 6.1Fernau * ƒ 0.97 6.1Liffe ** ƒ 17.03 6.1OFCOM ƒ 3.22 6.1Cooper Security ** ƒ 1.12 6.0Elekta ** ƒ 10.28 6.0Huntsman Advanced Materials ** ƒ 0.81 6.0Target ƒ 1.10 6.0Gyrus (now part of Olympus, Japan) ** 13.09 5.9Sodexo Services ** ƒ 2.43 5.9Moog Controls ** ƒ 2.31 5.8Roke Manor Research 2.46 5.8Cisco Systems ** ƒ 21.55 5.7GE Healthcare UK ** ƒ 6.29 5.7Johnson & Johnson Consumer Services ** ƒ 8.45 5.7Napp Pharmaceutical ƒ 10.08 5.7TRW ** ƒ 17.05 5.7Racal Acoustics Global * ƒ 1.99 5.6SHL † ƒ 4.63 5.61E ƒ 0.79 5.5Edwards 28.20 5.5FUJIFILM Sericol ** ƒ 3.31 4.5Trelleborg Automotive (now TrelleborgIndustrial Products) ** ƒ1.13 4.5Ford Motor ** ƒ 408.00 4.4International Rectifier ** ƒ 2.44 4.4Altair Filter Technology ** ƒ 1.96 4.3Kohler ** ƒ 6.31 4.3NEC Europe ** ƒ 11.95 4.3Northgate Information Solutions ** 4.91 4.3Enrichment Technology 13.98 4.2Land Rover(now part of Tata Motors, India) ** ƒ227.30 4.2Technolog ** † ƒ 1.22 4.2Velocity * ƒ 1.56 4.2Airborne Systems * ƒ 2.14 4.1IPGL ƒ 4.29 4.1IR Newport ** ƒ 2.57 4.1Siemens Magnet Technology ** 6.18 4.1Britannia Building Society(now part of Co-operative Financial Services)14.90 4.0Rolfe & Nolan † ƒ 1.06 4.0Akzo Nobel Powder Coatings ** ƒ 2.08 3.9International Flavours & Fragrances ** ƒ 7.09 3.9KemFine ** ƒ 1.40 3.9Kodak ** ƒ 4.10 3.9Surrey Satellite Technology ** † ƒ 1.22 3.9Hypercom EMEA ** ƒ 1.71 3.8Aston Martin ** † 21.38 3.7Chalkfree ƒ 3.67 3.6SELEX Communications ** 3.91 3.1National Australia ** 37.00 3.0Amphenol ** ƒ 0.98 2.9Nortel Networks ** ƒ 19.50 2.9Sony Computer Entertainment Europe ** ƒ 89.71 2.9Westland Helicopters ** 22.85 2.9Zarlink Semiconductor ** ƒ 2.33 2.9Herman Miller ** ƒ 2.85 2.8Innospec Ltd ** ƒ 5.06 2.8Afton Chemical ** ƒ 6.80 2.7Bayer CropScience ** ƒ 6.78 2.7Beig Topco (aka Birds Eye) * 33.24 2.7Crown ** ƒ 16.60 2.7Honeywell Security ** ƒ 1.73 2.7Norton Healthcare ** ƒ 4.68 2.7Pentagon Chemicals ƒ 1.05 2.7Sondex Wireline ** ƒ 1.12 2.7Sun Chemical ** ƒ 8.59 2.7Wood Mackenzie ƒ 2.18 2.7Forensic Science Service ƒ 3.53 2.6Happold ƒ 3.08 2.6Whatman(now part of General Electric, USA) **3.00 2.6Winthrop Pharmaceuticals ** ƒ 1.35 2.6Alstom ** ƒ 17.66 2.5Glen Electric ** ƒ 20.08 2.5Qioptiq * ƒ 1.92 2.5Astellas Pharma ** ƒ 1.80 2.4Thornton & Ross ƒ 1.01 2.494 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data95

Table 4Ranking of top 1,000 UK companies by R&D intensity within listing statusTable 4Ranking of top 1,000 UK companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCNH ** ƒ 22.98 2.3CompAir ** ƒ 3.90 1.5Turner Powertrain Systems ** ƒ 0.99 1.1Scaid Investments ƒ 1.04 0.7Fair Isaac Services ** ƒ 1.06 2.3Danoptra ƒ 2.96 1.5Vetco Gray ** ƒ 4.32 1.1SKF ** ƒ 1.23 0.7JCB Compact Products ƒ 5.87 2.3Zimmer ** ƒ 0.99 1.5Abbott Laboratories ** ƒ 3.76 1.0Sumitomo Electric Wiring Systems ** ƒ 2.60 0.7Tunstall Healthcare † ƒ 3.42 2.33com ** ƒ 2.71 1.4Alexander Dennis ƒ 3.20 1.0Tata Steel Europe ** 86.00 0.7A V CO 1 (aka Avery Weigh-Tronix) ** † ƒ 2.72 2.2Akzo Nobel Decorative Coatings ** ƒ 2.64 1.4BOC ** ƒ 8.20 1.0Alcatel-Lucent Submarine Networks ** ƒ 0.80 0.6Astellas Pharma Europe ** ƒ 10.89 2.2Altro ƒ 1.72 1.4Bombardier Transportation ** ƒ 7.36 1.0Artenius ** ƒ 1.82 0.6Biomet ** † ƒ 3.34 2.2Arup ƒ 10.39 1.4Calsonic Kansei Europe ** ƒ 4.52 1.0Bayer ** ƒ 2.18 0.6Cattles 18.10 2.2Borregaard Industries ** ƒ 3.24 1.4Chevron North Sea ** ƒ 12.80 1.0F G Wilson ** ƒ 3.88 0.6Expro International * 13.26 2.2Chanel ** ƒ 2.70 1.4Effem (aka Mars) ** ƒ 21.84 1.0Hazlewood Grocery ** ƒ 1.24 0.6Kerry Ingredients ** ƒ 6.28 2.2Ciba ** ƒ 5.69 1.4GE Aviation Systems Aerostructures ** ƒ 1.15 1.0Kerry Foods ** ƒ 2.71 0.6Merck Sharp & Dohme ** ƒ 8.45 2.2Crane ** ƒ 1.30 1.4ISG ** ƒ 2.90 1.0Kraft Foods ** ƒ 3.20 0.6Baker Hughes ** ƒ 11.60 2.1JCB Service ** ƒ 29.90 1.4M-I Drilling Fluids ** ƒ 2.77 1.0NSK ** ƒ 4.86 0.6National Semiconductor ** ƒ 5.20 2.1Jeyes ƒ 2.31 1.4Millennium Inorganic Chemicals ** ƒ 2.64 1.0PA ƒ 2.25 0.6Robert Bosch Investment ** ƒ 6.90 2.1Sunrise Medical ** ƒ 0.81 2.1Transaction Systems ƒ 2.58 2.1Equifax ** ƒ 1.48 2.0Harris Watson ƒ 1.30 2.0IMERYS Minerals ** ƒ 5.73 2.0Nokia Siemens Networks ** † ƒ 2.35 2.0Thales Naval ** 1.07 2.0W L Shareholding ƒ 2.51 2.0Astrium ** ƒ 10.16 1.9Carmelite Capital * ƒ 1.30 1.9Ericsson Services ** ƒ 0.87 1.9HLG ƒ 2.00 1.9Imperial Chemical Industries ** 94.00 1.9Markit † ƒ 2.08 1.9Thales Underwater Systems ** 2.37 1.9Aviagen ** ƒ 3.59 1.8Jas Bowman ƒ 0.89 1.8Johnson & Johnson Medical ** ƒ 8.10 1.8Kenwood ** ƒ 4.09 1.8Lonza ** 1.32 1.8Reedhycalog (now part of National OilwellVarco, USA) ** ƒ2.47 1.8Castledon ƒ 1.03 1.7Enodis (now part of Manitowoc, USA) ** 14.90 1.7Innovia Films ƒ 6.06 1.7Kidde Products ** ƒ 1.33 1.7MBDA ** 12.20 1.7Sanofi Pasteur MSD ** ƒ 2.41 1.7Sunshine Holdings 3 * ƒ 3.29 1.7Cognis ** ƒ 1.22 1.6Dresdner Kleinwort ** ƒ 13.84 1.6Linde Material Handling ** ƒ 5.42 1.6Pitney Bowes ** ƒ 3.68 1.6Schering-Plough ** ƒ 4.26 1.6TI Automotive * ƒ 22.90 1.6Vetco Gray Controls ** ƒ 1.22 1.6Luxfer 3.50 1.4Ortho-Clinical Diagnostics ** ƒ 1.76 1.4Otsuka Pharmaceutical ** ƒ 2.21 1.4Pall Europe ** ƒ 4.37 1.4Stannah Lifts ƒ 2.14 1.4Alcoa ** ƒ 5.56 1.3Arval ** ƒ 0.87 1.3Channel Four Television 11.70 1.3Civil Aviation Authority ƒ 1.31 1.3Digital Appliance Controls ** ƒ 7.92 1.3Siemens VAI Metals Technologies ** ƒ 1.97 1.3Thales Optronics ** 1.26 1.3AGCO International ** ƒ 31.77 1.2Cooper Tire & Rubber ** ƒ 1.88 1.2Cray Valley ** ƒ 0.84 1.2Givaudan ** ƒ 3.62 1.2HJ Heinz ** ƒ 8.00 1.2KPMG Europe 38.67 1.2Langley 5.97 1.2McCormick Tractors International(now Taorai Service) ** ƒ1.35 1.2Nufarm ** ƒ 1.05 1.2Panasonic Manufacturing ** ƒ 2.50 1.2Siemens Medical Solutions Diagnostic(now Siemens Healthcare Diagnostics0.98 1.2Products) ** † ƒABB ** ƒ 4.96 1.1Baxi * ƒ 9.67 1.1BBC ƒ 47.80 1.1Eaton Electric ** ƒ 0.88 1.1FGP Topco (aka BAA) ** 28.00 1.1Foseco (now part of Cookson) 4.90 1.1Hewlett-Packard ** ƒ 35.66 1.1Lucite International * ƒ 9.00 1.1New Terex ** ƒ 9.23 1.1Pilkington United Kingdom ** ƒ 3.30 1.1Sharp Electronics ** ƒ 5.02 1.1Wagon 7.20 1.0Abacus (now part of Avnet, USA) 2.50 0.9Amcor Flexibles ** ƒ 1.67 0.9Bostik ** ƒ 1.29 0.9Cummins ** ƒ 8.23 0.9Eaton ** ƒ 1.28 0.9Electrium Sales ** 0.93 0.9Gallaher ** ƒ 6.00 0.9Hexion Specialty Chemicals ** ƒ 0.94 0.9Novartis Vaccines and Diagnostics ** ƒ 1.50 0.9Rhodia ** ƒ 0.99 0.9Ricoh Europe ** ƒ 21.30 0.9RWE Npower ** ƒ 9.00 0.9SAI Automotive Fradley ** ƒ 1.21 0.9Samsung Electronics ** ƒ 24.04 0.9AVX ** ƒ 2.20 0.8Building Plastics ƒ 0.79 0.8Denso Manufacturing ** ƒ 1.94 0.8Doncasters ** 6.60 0.8Fuchs Lubricants ** ƒ 0.95 0.8Fujitsu Services ** 23.40 0.8General Dynamics ** ƒ 2.78 0.8Honeywell Control Systems ** ƒ 2.66 0.8Schneider Electric ** ƒ 2.67 0.8Telefonica Europe ** 55.00 0.8Axon (now part of HCL Technologies, India) 1.47 0.7Bernard Matthews ƒ 2.33 0.7Body Shop ** 2.10 0.7Cummins Power Generation ** ƒ 1.84 0.7Doosan Heavy Industries(now Doosan Power Systems) ** † ƒ2.95 0.7Hitachi Capital ** 1.46 0.7INVISTA Textiles ** ƒ 6.44 0.7JohnsonDiversey ** ƒ 1.32 0.7Michelin Tyre ** ƒ 5.76 0.7Perkins Shibaura Engines ** ƒ 0.97 0.7Prysmian Cables & Systems ** ƒ 2.77 0.7SigmaKalon(now PPG Architectural Coatings) ** ƒ1.20 0.6Urenco 6.96 0.6Waterford Wedgwood ** 2.40 0.6British Energy ** 14.00 0.5McCain Foods ** ƒ 1.49 0.5R&R Ice Cream ** 1.97 0.5Rubicon Partners Industries ƒ 1.18 0.5TDG * 3.30 0.5Thomson Financial ** ƒ 1.48 0.5Xerox ** ƒ 11.00 0.5Allen & Overy 3.80 0.4BASF ** ƒ 2.16 0.4BPB United Kingdom ** 1.91 0.4Colgate-Palmolive ** ƒ 0.81 0.4FCE Bank ** 3.00 0.4John Lewis 23.30 0.4Kimberly-Clark Europe ** ƒ 6.90 0.4Nationwide 10.00 0.4Parker Hannifin ** ƒ 1.53 0.4Pirelli UK Tyres ** ƒ 1.20 0.4T-Mobile ** ƒ 14.36 0.4Tennants ƒ 1.26 0.4United Biscuits ** 5.00 0.4Barloworld ** 4.59 0.3CE Electric ** 1.90 0.3Ineos ƒ 83.14 0.3Intel ** ƒ 10.97 0.3Latimer Newco 2 (aka Weetabix) ** † ƒ 0.99 0.3Philips Electronics ** ƒ 2.20 0.3Pilkington Automotive ** ƒ 2.17 0.3PricewaterhouseCoopers 6.00 0.3Wittington Investments(aka Associated British Foods)21.00 0.3De Beers ** 9.03 0.2Guardian Royal Exchange ** 7.00 0.2Holtzbrinck Publishers ** 1.54 0.296 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data97

Table 4Ranking of top 1,000 UK companies by R&D intensity within listing statusTable 4Ranking of top 1,000 UK companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesKemble Water ƒ 3.50 0.2Raytheon ** ƒ 0.93 0.2SABIC UK Petrochemicals ** ƒ 2.99 0.2Siemens ** 2.89 0.2Southern Water Services * ƒ 1.30 0.2SP Power Systems ** † ƒ 1.51 0.2Total Upstream ** ƒ 6.63 0.2Toyota ** ƒ 4.26 0.2Western Power Distribution ** 0.90 0.2Allianz ** 1.90 0.1Bakkavor London ** 1.30 0.1Boots * ƒ 1.60 0.1Camelot 2.70 0.1Cargill ** ƒ 0.95 0.1Coors Brewers(now Molson Coors Brewing) ** ƒ0.93 0.1E.ON ** 14.00 0.1EDF Energy ** 6.30 0.1Esso ** ƒ 23.70 0.1Kelda * 0.80 0.1Mercedes-Benz ** ƒ 3.18 0.1Shepherd Building ƒ 0.80 0.1Sony ** ƒ 6.46 0.1Eircom ** 0.97

Table 5Ranking of the top 1,000 UK companies by R&D investment by ownershipTable 5Ranking of the top 1,000 UK companies by R&D investment by ownershipR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)All companies composite 26643.82 9.2 19.7 18.8 1.6 8.8 141653 -35.1 -22.3 8.3 1712943 12.4 26.1 283.4 6.8 14.8 6038371 5.1 9.3 4.4 3.0 11.2 n/a 1297923 -7.71 Listed (367) 18230.09 10.9 28.8 14.8 1.4 8.9 123219 -37.2 -23.4 9.1 1348783 13.4 28.0 287.6 7.6 14.8 4690379 5.4 11.4 3.9 4.6 14.8 n/a 1272315 -7.82 Private (177) 1258.59 17.0 31.2 23.8 1.5 11.9 5299 1.9 57.0 6.3 83478 8.7 50.7 191.0 0.9 22.6 436237 7.2 21.8 2.9 9.8 21.7 n/a n/l n/l3 Nationally owned (31) 195.02 29.8 -27.6 19.1 1.7 11.6 1021 43.8 47.6 8.8 11635 7.4 -1.4 197.2 16.2 24.4 58996 -7.6 -16.1 3.3 40.5 31.9 n/a n/l n/l4 Foreign owned (425) 6960.13 3.6 -1.6 57.5 2.6 7.4 12114 -24.6 -30.6 4.5 269047 9.0 12.2 314.0 4.4 15.1 852759 3.3 -5.1 8.1 -3.4 4.5 n/a 25608 -2.6Table 6Ranking of the top 1,000 UK companies by R&D investment within size band by sales and industryTable 6Ranking of the top 1,000 UK companies by R&D investment with size band by sales and industryR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)All companies composite 26643.82 9.2 19.7 18.8 1.6 8.8 141653 -35.1 -22.3 8.3 1712943 12.4 26.1 283.4 6.8 14.8 6038371 5.1 9.3 4.4 3.0 11.2 n/a 1297923 -7.71 Sales over £5,000m (48) 15464.16 10.4 25.9 12.6 1.1 8.6 122731 -34.8 -18.9 9.1 1354222 18.0 36.7 344.8 9.9 18.4 3927290 7.4 14.9 3.9 2.8 8.0 n/a 1147392 -7.82 Sales over £500m up to £5,000m (190) 5980.16 8.3 13.3 38.0 2.0 8.7 15754 -36.0 -42.9 5.2 302336 8.3 13.7 192.3 6.6 13.6 1565321 1.2 1.7 3.8 3.6 12.3 n/a 111910 -7.23 Sales over £50m up to £500m (358) 3597.86 7.6 5.9 95.9 5.2 9.4 3751 -2.7 9.9 5.4 69726 4.6 0.8 163.5 5.3 9.2 425593 -0.7 -7.4 8.4 7.0 21.8 n/a 24098 -3.44 Sales up to £50m (404) 1601.64 6.0 14.5 n/m n/a n/a -583 -137.9 -113.3 n/a -13342 -144.1 -141.8 -111.4 -142.0 -136.1 120167 4.1 2.5 13.2 2.0 32.8 n/a 14522 -10.9100 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data101

Table 7Index for ranking of top 1,000 UK companiesTable 7Index for ranking of top 1,000 UK companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sector1E ƒ 997 153 Software & computer services2 ergo 961 10 Mobile telecommunications3com ** ƒ 598 52 Technology hardware & equipment600 Group 29/03/2008 811 48 Industrial engineering888 137 2 Travel & leisureA V CO 1 (aka Avery Weigh-Tronix) ** † ƒ 597 35 Industrial engineeringAbacus (now part of Avnet, USA) 627 54 Electronic & electrical equipmentABB ** ƒ 408 30 Electronic & electrical equipmentAbbott Laboratories ** ƒ 490 83 Pharmaceuticals & biotechnologyAbcam 641 99 Pharmaceuticals & biotechnologyAcambis (now Sanofi Pasteur)(now part of Sanofi-Aventis, France) ** 31/12/2007119 19 Pharmaceuticals & biotechnologyActix International * ƒ 420 51 Software & computer servicesAdeptra ƒ 803 48 Support servicesAdvanced Medical Solutions 719 30 Health care equipment & servicesAdvanced Transport Systems ƒ 742 13 Travel & leisureADVFN 983 26 Financial servicesAegis 690 12 MediaAero Inventory 310 16 Aerospace & defenceAFC Energy 832 78 Electronic & electrical equipmentAfton Chemical ** ƒ 329 11 ChemicalsAga Rangemaster 537 8 Household goods & home constructionAGCO International ** ƒ 99 2 Industrial engineeringAgilent Technologies ** ƒ 219 11 Electronic & electrical equipmentAirborne Systems * ƒ 31/03/2008 673 26 Aerospace & defenceAirbus (now Airbus Operations) ** ƒ 8 1 Aerospace & defenceAirvana ** ƒ 843 66 Technology hardware & equipmentAkzo Nobel Decorative Coatings ** ƒ 31/12/2007 609 32 ChemicalsAkzo Nobel Powder Coatings ** ƒ 680 35 ChemicalsAlcatel-Lucent Submarine Networks ** ƒ 991 71 Technology hardware & equipmentAlcoa ** ƒ 386 2 Industrial metals & miningAlexander Dennis ƒ 537 28 Industrial engineeringAlexandra 983 6 Personal goodsAlizyme 233 37 Pharmaceuticals & biotechnologyAllen & Overy 30/04/2008 485 23 Support servicesAllergan ** ƒ 115 18 Pharmaceuticals & biotechnologyAllergy Therapeutics 180 31 Pharmaceuticals & biotechnologyAlliance & Leicester ** 63 5 BanksAllianz ** 713 6 Nonlife insuranceAlphameric 508 62 Software & computer servicesAlstom ** ƒ 31/03/2008 165 3 Industrial transportationAltair Filter Technology ** ƒ 701 42 Industrial engineeringAlterian 457 54 Software & computer servicesAltro ƒ 739 12 Construction & materialsAmarin 31/12/2007 291 52 Pharmaceuticals & biotechnologyAmcor Flexibles ** ƒ 749 8 General industrialsAmdocs ƒ 23 1 Software & computer servicesAmgen ** ƒ 30 2 Food & drug retailersAmino Technologies 408 36 Technology hardware & equipmentAmphenol ** ƒ 923 95 Electronic & electrical equipmentAndor Technology ƒ 613 51 Electronic & electrical equipmentAnglo American 120 3 MiningAnglo Design ƒ 413 31 Electronic & electrical equipmentAnite 219 24 Software & computer servicesAnt 639 81 Software & computer servicesAntenova ƒ 843 50 Support servicesAntisoma 161 27 Pharmaceuticals & biotechnologyAntonov 545 23 Automobiles & partsAorTech International 31/03/2008 910 39 Health care equipment & servicesApaTech ƒ 795 34 Health care equipment & servicesApertio (now part of Nokia Siemens Networks) ƒ 31/12/2007 408 36 Technology hardware & equipmentAPI 913 11 General industrialsAppian Technology ƒ 30/09/2007 857 85 Electronic & electrical equipmentAppSense ƒ 542 69 Software & computer servicesARC International 257 25 Technology hardware & equipmentArchimedes Pharma * 31/12/2007 260 43 Pharmaceuticals & biotechnologyArdana Bioscience * ƒ 31/03/2008 273 47 Pharmaceuticals & biotechnologyArk Therapeutics 178 29 Pharmaceuticals & biotechnologyARM 55 3 Technology hardware & equipmentArmour 627 9 Leisure goodsArtenius ** ƒ 31/12/2007 724 36 ChemicalsArthro Kinetics 31/12/2007 801 118 Pharmaceuticals & biotechnologyArup ƒ 244 10 Support servicesArval ** ƒ 961 58 Support servicesAscent Investments ƒ 778 72 Electronic & electrical equipmentAscribe 520 65 Software & computer servicesAspreva Pharmaceuticals ** 754 111 Pharmaceuticals & biotechnologyAstellas Pharma ** ƒ 727 108 Pharmaceuticals & biotechnologyAstellas Pharma Europe ** ƒ 240 39 Pharmaceuticals & biotechnologyAstex Therapeutics 375 63 Pharmaceuticals & biotechnologyAston Martin ** † 31/12/2007 143 11 Automobiles & partsAstraZeneca 2 2 Pharmaceuticals & biotechnologyAstrium ** ƒ 31/12/2007 250 24 Technology hardware & equipmentAtlantic Inertial Systems ** ƒ 961 34 Aerospace & defenceAutomation Partnership ƒ 801 45 Industrial engineeringAutonomy 68 8 Software & computer servicesAvacta 967 130 Pharmaceuticals & biotechnologyAvaya ** ƒ 266 26 Technology hardware & equipmentAvdel ** ƒ 584 33 Industrial engineeringAvecia * 31/12/2007 305 54 Pharmaceuticals & biotechnologyAventis Pharma ** ƒ 85 13 Pharmaceuticals & biotechnologyAVEVA 116 11 Software & computer servicesAviagen ** ƒ 507 14 Food producersAvis Europe ** 292 7 Travel & leisureAviza Technology ** ƒ 28/09/2007 454 41 Technology hardware & equipmentAvon Rubber 713 7 General industrialsAVX ** ƒ 664 59 Electronic & electrical equipmentAxeon 31/12/2007 644 55 Technology hardware & equipmentAxiom Systems (now part of Comptel, Finland) ** ƒ 708 93 Software & computer servicesAxis-Shield 261 44 Pharmaceuticals & biotechnologyAxisMobile 31/12/2007 676 9 Mobile telecommunicationsAxon (now part of HCL Technologies, India) 31/12/2007 791 111 Software & computer services102 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data103

Table 7Index for ranking of top 1,000 UK companiesTable 7Index for ranking of top 1,000 UK companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorBAE Systems 18 3 Aerospace & defenceBaker Hughes ** ƒ 229 2 Oil equipment, services & distributionBakkavor London ** 821 22 Food producersBalfour Beatty 472 5 Construction & materialsBango 31/03/2008 975 146 Software & computer servicesBarclays 15 3 BanksBarloworld ** 432 6 General industrialsBASF ** ƒ 670 34 ChemicalsBAT 29 1 TobaccoBaxi * ƒ 31/12/2007 262 2 Construction & materialsBayer ** ƒ 666 28 Health care equipment & servicesBayer CropScience ** ƒ 330 12 ChemicalsBBA Aviation 759 7 Industrial transportationBBC ƒ 79 4 MediaBeazley 525 4 Nonlife insuranceBecrypt ƒ 29/02/2008 832 118 Software & computer servicesBeig Topco (aka Birds Eye) * 31/12/2007 96 3 Food producersBentley Motors ** ƒ 31/12/2007 41 4 Automobiles & partsBernard Matthews ƒ 31/12/2007 653 18 Food producersBetfair ƒ 30/04/2008 109 1 Travel & leisureBG 235 5 Oil & gas producersBHP Billiton 21 2 MiningBiocompatibles International 232 8 Health care equipment & servicesBiogen Idec ** ƒ 31/12/2007 307 55 Pharmaceuticals & biotechnologyBiomet ** † ƒ 521 20 Health care equipment & servicesBioquell 809 35 Health care equipment & servicesBiotica Technology ** ƒ 784 115 Pharmaceuticals & biotechnologyBioVex ** ƒ 31/03/2008 432 73 Pharmaceuticals & biotechnologyBlock Shield 687 61 Electronic & electrical equipmentBluesky Travel Systems ƒ 31/12/2007 503 61 Software & computer servicesBOC ** ƒ 296 3 Gas, water & multiutilitiesBody Shop ** 678 11 General retailersBoehringer Ingelheim ** ƒ 94 15 Pharmaceuticals & biotechnologyBombardier Aerospace ** ƒ 64 6 Aerospace & defenceBombardier Transportation ** ƒ 31/12/2007 315 4 Industrial transportationBond International Software 428 53 Software & computer servicesBoots * ƒ 759 5 Personal goodsBorregaard Industries ** ƒ 534 26 ChemicalsBostik ** ƒ 832 43 ChemicalsBP 10 2 Oil & gas producersBPB ** † 403 4 Construction & materialsBPB United Kingdom ** 712 11 Construction & materialsBrady 832 118 Software & computer servicesBraemore Resources 493 6 MiningBrammer 904 54 Support servicesBristol-Myers Squibb ** ƒ 72 10 Pharmaceuticals & biotechnologyBrit Insurance 383 3 Nonlife insuranceBritannia Building Society(now part of Co-operative Financial Services) 31/12/2007191 6 Financial servicesBritannia Pharmaceuticals ** † ƒ 31/12/2007 417 70 Pharmaceuticals & biotechnologyBritish Energy ** 202 2 ElectricityBritish Sky Broadcasting 74 3 MediaBritvic 690 3 BeveragesBroadcom Europe ** ƒ 122 12 Technology hardware & equipmentBSS 312 15 Support servicesBT 3 1 Fixed line telecommunicationsBTG 141 22 Pharmaceuticals & biotechnologyBuilding Plastics ƒ 997 16 Construction & materialsBusiness Control Solutions 865 125 Software & computer servicesBusiness Post (now UK Mail) 951 11 Industrial transportationCA-MC Acquisition ** ƒ 621 52 Electronic & electrical equipmentCadbury 66 2 Food producersCalsonic Kansei Europe ** ƒ 436 21 Automobiles & partsCambridge Biotechnology ** ƒ 624 98 Pharmaceuticals & biotechnologyCambridge Broadband Networks ƒ 31/12/2007 521 47 Technology hardware & equipmentCamelot 31/03/2008 600 11 Travel & leisureCancer Research Technology * ƒ 31/03/2008 391 66 Pharmaceuticals & biotechnologyCantono ƒ 923 138 Software & computer servicesCapula ƒ 713 94 Software & computer servicesCarclo 881 47 ChemicalsCargill ** ƒ 932 25 Food producersCarmelite Capital * ƒ 821 20 Financial servicesCastledon ƒ 909 31 Aerospace & defenceCatalent UK Swindon Zydis ** ƒ 397 67 Pharmaceuticals & biotechnologyCattles 31/12/2007 163 3 Financial servicesCDT ** ƒ 379 25 Electronic & electrical equipmentCE Electric ** 713 7 Gas, water & multiutilitiesCelltech R&D ** ƒ 77 3 Support servicesCelsis International 893 38 Health care equipment & servicesCeltic Pharma Development ** ƒ 487 81 Pharmaceuticals & biotechnologyCeNeS Pharmaceuticals(now Paion) (now part of Paion, Germany) ** 31/12/2007374 62 Pharmaceuticals & biotechnologyCentrica 690 6 Gas, water & multiutilitiesCephalon ** ƒ 932 127 Pharmaceuticals & biotechnologyCeres Power 461 37 Electronic & electrical equipmentChalkfree ƒ 31/12/2007 501 40 Electronic & electrical equipmentChanel ** ƒ 600 10 General retailersChannel Four Television 225 8 MediaCharacter 415 5 Leisure goodsCharter International 158 6 Industrial engineeringChemring 270 15 Aerospace & defenceChemtura Europe ** ƒ 519 23 ChemicalsChevron North Sea ** ƒ 214 4 Oil & gas producersChina Eastsea Business Software 945 142 Software & computer servicesChina Shoto 818 76 Electronic & electrical equipmentChiron Vaccines ** ƒ 748 110 Pharmaceuticals & biotechnologyChirotech Technology (now part of Dr Reddy's Laboratories (EU)) ** ƒ 763 38 ChemicalsChloride 352 21 Electronic & electrical equipmentChristie 552 29 Support servicesChroma Therapeutics 31/12/2007 227 36 Pharmaceuticals & biotechnologyCiba ** ƒ 381 15 ChemicalsCisco Systems ** ƒ 142 14 Technology hardware & equipment104 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data105

Table 7Index for ranking of top 1,000 UK companiesTable 7Index for ranking of top 1,000 UK companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorCisco Systems (Scotland) ** ƒ 536 68 Software & computer servicesCitrix Systems (Research and Development) ** ƒ 215 22 Software & computer servicesCivil Aviation Authority ƒ 818 8 Industrial transportationClarity Commerce Solutions 766 104 Software & computer servicesClean Air Power 803 46 Industrial engineeringClearSpeed Technology 31/12/2007 351 33 Technology hardware & equipmentClearswift Systems ƒ 498 60 Software & computer servicesClimate Exchange 961 25 Financial servicesClinical Computing 755 102 Software & computer servicesClinPhone (now part of Parexel International) 29/02/2008 376 13 Health care equipment & servicesClipper Windpower 190 1 ElectricityCMC Markets 31/03/2008 206 7 Financial servicesCML Microsystems 472 42 Technology hardware & equipmentCNH ** ƒ 132 5 Industrial engineeringCobham 61 5 Aerospace & defenceCochlear Research and Development ** ƒ 991 43 Health care equipment & servicesCoda (now part of Unit 4 Agresso, The Netherlands) ** 31/12/2007 306 34 Software & computer servicesCodian (now Tandberg Products) ƒ 30/09/2007 763 63 Technology hardware & equipmentCognis ** ƒ 852 45 ChemicalsCognos Europe (now part of IBM) ** ƒ 647 84 Software & computer servicesCoherent Scotland ** ƒ 736 65 Electronic & electrical equipmentCohort 322 19 Aerospace & defenceColgate-Palmolive ** ƒ 983 6 Personal goodsCompAir ** ƒ 31/03/2008 479 22 Support servicesComputer Software ** † ƒ 482 58 Software & computer servicesConcateno 776 33 Health care equipment & servicesConchango * 31/12/2007 655 85 Software & computer servicesConcurrent Technologies 685 58 Technology hardware & equipmentConnaught 821 49 Support servicesConsilium ƒ 865 125 Software & computer servicesConsort Medical 446 14 Health care equipment & servicesControlled Therapeutics (Scotland) ** ƒ 732 109 Pharmaceuticals & biotechnologyCookson 101 3 General industrialsCooper Security ** ƒ 877 89 Electronic & electrical equipmentCooper Tire & Rubber ** ƒ 31/12/2007 719 27 Automobiles & partsCoors Brewers (now Molson Coors Brewing) ** ƒ 941 4 BeveragesCorac 623 36 Industrial engineeringCorero 991 152 Software & computer servicesCorin 617 26 Health care equipment & servicesCoutant-Lambda (now TDK-Lambda) ** ƒ 832 78 Electronic & electrical equipmentCrane ** ƒ 821 51 Industrial engineeringCraneware 673 86 Software & computer servicesCray Valley ** ƒ 970 55 ChemicalsCroda International 166 5 ChemicalsCrown ** ƒ 177 5 General industrialsCSR 37 2 Technology hardware & equipmentCSW ƒ 31/01/2008 753 101 Software & computer servicesCummins ** ƒ 295 17 Automobiles & partsCummins Power Generation ** ƒ 721 63 Electronic & electrical equipmentCummins Turbo Technologies ** ƒ 212 15 Automobiles & partsCyan 784 65 Technology hardware & equipmentCybIT 31/03/2008 970 12 Industrial transportationDaily Mail and General Trust ** 157 7 MediaDairy Crest 560 16 Food producersDanoptra ƒ 569 9 Travel & leisureDatong 31/03/2008 793 73 Electronic & electrical equipmentDawson 742 42 Support servicesDe Beers ** 277 4 General retailersDe La Rue 194 7 Support servicesDebenhams 496 8 General retailersDechra Pharmaceuticals 491 84 Pharmaceuticals & biotechnologyDelcam 282 30 Software & computer servicesDelphi Diesel Systems ** ƒ 130 9 Automobiles & partsDenso Manufacturing ** ƒ 703 26 Automobiles & partsDePuy International ** ƒ 167 4 Health care equipment & servicesDevro 399 10 Food producersDiageo 173 1 BeveragesDialight 547 42 Electronic & electrical equipmentDialog Semiconductor 127 13 Technology hardware & equipmentDigital Appliance Controls ** ƒ 302 17 Electronic & electrical equipmentDomino Printing Sciences 208 10 Electronic & electrical equipmentDoncasters ** 340 21 Aerospace & defenceDoosan Heavy Industries (now Doosan Power Systems) ** † ƒ 31/12/2007 570 31 Industrial engineeringDresdner Kleinwort ** ƒ 31/12/2007 207 7 BanksDRS Data & Research Services 532 67 Software & computer servicesDruck ** ƒ 396 28 Electronic & electrical equipmentDS Smith 857 9 General industrialsDSG International 881 13 General retailersDupont Teijin Films ƒ 552 27 ChemicalsDyson 31/03/2008 517 22 ChemicalsDyson James ƒ 31/12/2007 76 2 Household goods & home constructionE.ON ** 202 2 Electricitye2v Technologies 182 8 Electronic & electrical equipmentEADS Defence and Security Systems ** ƒ 319 18 Aerospace & defenceEagle-I 945 10 Industrial transportationEaton ** ƒ 31/12/2007 840 52 Industrial engineeringEaton Aerospace ** ƒ 348 22 Aerospace & defenceEaton Electric ** ƒ 958 100 Electronic & electrical equipmentECO Animal Health 31/03/2008 435 74 Pharmaceuticals & biotechnologyEDF Energy ** 354 4 Gas, water & multiutilitiesEdwards 110 4 Industrial engineeringEffem (aka Mars) ** ƒ 29/12/2007 140 5 Food producerseg solutions 850 122 Software & computer servicesEircom ** 926 3 Fixed line telecommunicationsEisai Europe ** ƒ 38 8 Pharmaceuticals & biotechnologyElan Pharma ** 449 15 Health care equipment & servicesEleco 573 9 Construction & materialsElectrium Sales ** 941 98 Electronic & electrical equipmentElectronic Arts ** † ƒ 557 71 Software & computer servicesElectronic Data Processing 864 124 Software & computer servicesElectronic Data Systems ** ƒ 56 7 Software & computer servicesElekta ** ƒ 247 9 Health care equipment & services106 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data107

Table 7Index for ranking of top 1,000 UK companiesTable 7Index for ranking of top 1,000 UK companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorElement Six ** ƒ 542 29 Industrial engineeringElementis 431 18 ChemicalsEli Lilly and Company ** ƒ 27 6 Pharmaceuticals & biotechnologyEmrise Electronics ** ƒ 750 68 Electronic & electrical equipmentEMS Satcom ** ƒ 991 104 Electronic & electrical equipmentEnergetix 660 38 Industrial engineeringEnfis 890 91 Electronic & electrical equipmentEnigma Diagnostics ƒ 708 107 Pharmaceuticals & biotechnologyEnodis (now part of Manitowoc, USA) ** 191 8 Industrial engineeringEnrichment Technology 204 9 Industrial engineeringEnvironmental Recycling Technologies 890 53 Support servicesEpistem 893 124 Pharmaceuticals & biotechnologyEquifax ** ƒ 789 110 Software & computer servicesEquisys ƒ 958 145 Software & computer servicesEricsson Services ** ƒ 961 10 Mobile telecommunicationsEsso ** ƒ 126 3 Oil & gas producersEurovestech 594 14 Financial servicesEvolution Studios ** † ƒ 671 11 Leisure goodsExperian 102 5 Support servicesExpro International * 31/03/2008 210 1 Oil equipment, services & distributionF G Wilson ** ƒ 481 25 Industrial engineeringFair Isaac ** ƒ 706 92 Software & computer servicesFair Isaac Services ** ƒ 897 134 Software & computer servicesFCE Bank ** 560 12 Financial servicesFeedback 875 88 Electronic & electrical equipmentFenner 727 44 Industrial engineeringFernau * ƒ 926 96 Electronic & electrical equipmentFFastFill 463 55 Software & computer servicesFFEI ƒ 555 43 Electronic & electrical equipmentFGP Topco (aka BAA) ** 111 1 Industrial transportationFH 1997 (now Claverham) ** ƒ 265 12 Industrial engineeringFiberweb 320 16 Support servicesFidessa 147 15 Software & computer servicesFiltronic 333 30 Technology hardware & equipmentFindel 457 7 General retailersFisons ** ƒ 144 23 Pharmaceuticals & biotechnologyFlomerics (now part of Mentor Graphics, USA) ** 31/12/2007 523 66 Software & computer servicesFocus Solutions 768 106 Software & computer servicesForce India Formula One ** ƒ 155 3 Travel & leisureFord Motor ** ƒ 11 1 Automobiles & partsForensic Science Service ƒ 512 26 Support servicesForest Laboratories ** ƒ 697 104 Pharmaceuticals & biotechnologyFort Dodge Animal Health ** ƒ 890 123 Pharmaceuticals & biotechnologyFortent ** ƒ 650 35 Support servicesFoseco (now part of Cookson) 31/12/2007 412 18 Industrial engineeringFreescale Semiconductor ** ƒ 31/12/2007 357 34 Technology hardware & equipmentFuchs Lubricants ** ƒ 932 51 ChemicalsFUJIFILM Imaging Colorants ** ƒ 252 7 ChemicalsFUJIFILM Sericol ** ƒ 524 24 ChemicalsFujitsu Laboratories of Europe ** 487 44 Technology hardware & equipmentFujitsu Services ** 128 14 Software & computer servicesFujitsu Telecom ** ƒ 92 7 Technology hardware & equipmentFulleon (now Cooper Fulleon) ** ƒ 832 78 Electronic & electrical equipmentFutura Medical 815 120 Pharmaceuticals & biotechnologyFW Thorpe ƒ 30/06/2007 840 81 Electronic & electrical equipmentG4S 231 9 Support servicesGallaher ** ƒ 367 2 TobaccoGames Workshop 547 7 Leisure goodsGas Turbine Efficiency 417 20 Industrial engineeringGE Aviation Systems ** ƒ 57 4 Aerospace & defenceGE Aviation Systems Aerostructures ** ƒ 871 29 Aerospace & defenceGE Fanuc Intelligent Platforms ** ƒ 311 18 Electronic & electrical equipmentGE Fanuc Intelligent Platforms (Bracknell) ** ƒ 632 55 Electronic & electrical equipmentGE Healthcare ** ƒ 80 2 Health care equipment & servicesGE Healthcare UK ** ƒ 355 59 Pharmaceuticals & biotechnologyGE Medical Systems Oxford ** ƒ 750 32 Health care equipment & servicesGeneMedix (now Reliance GeneMedix) ** 439 76 Pharmaceuticals & biotechnologyGeneral Dynamics ** ƒ 591 25 Aerospace & defenceGenerics ** ƒ 31/12/2007 286 50 Pharmaceuticals & biotechnologyGenetix 632 27 Health care equipment & servicesGenus 162 28 Pharmaceuticals & biotechnologyGenzyme ** ƒ 304 53 Pharmaceuticals & biotechnologyGenzyme Therapeutics ** ƒ 31/12/2007 286 10 Health care equipment & servicesGivaudan ** ƒ 504 20 ChemicalsGKN 44 6 Automobiles & partsGlaxoSmithKline 1 1 Pharmaceuticals & biotechnologyGlen Electric ** ƒ 149 3 Household goods & home constructionGlobal Communications (now Global Invacom) ƒ 31/03/2008 736 62 Technology hardware & equipmentGooch & Housego 600 47 Electronic & electrical equipmentGoodrich Controls ** ƒ 86 8 Aerospace & defenceGoogle ** ƒ 251 27 Software & computer servicesGraham Technology (now Ciboodle) (now part of Sword, France) ** ƒ 685 90 Software & computer servicesGresham Computing 682 88 Software & computer servicesGuardian Royal Exchange ** 323 2 Nonlife insuranceGuinness Peat 913 24 Financial servicesGW Pharmaceuticals 243 41 Pharmaceuticals & biotechnologyGyrus (now part of Olympus, Japan) ** 31/12/2007 213 6 Health care equipment & servicesHalma 133 6 Electronic & electrical equipmentHamworthy 578 32 Industrial engineeringHappold ƒ 554 30 Support servicesHaptogen ** ƒ 932 127 Pharmaceuticals & biotechnologyHarris Watson ƒ 821 20 Financial servicesHazlewood Grocery ** ƒ 849 23 Food producersHelphire 655 16 Financial servicesHerman Miller ** ƒ 584 9 Household goods & home constructionHewlett-Packard ** ƒ 95 8 Technology hardware & equipmentHexion Specialty Chemicals ** ƒ 936 52 ChemicalsHikma Pharmaceuticals 186 32 Pharmaceuticals & biotechnologyHill & Smith 678 40 Industrial engineeringHitachi Capital ** 31/03/2008 792 19 Financial servicesHJ Heinz ** ƒ 299 7 Food producersHLG ƒ 690 5 Nonlife insurance108 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data109

Table 7Index for ranking of top 1,000 UK companiesTable 7Index for ranking of top 1,000 UK companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorHogg Robinson 525 27 Support servicesHoltzbrinck Publishers ** 770 13 MediaHonda Racing Development ** ƒ 31/03/2007 885 14 Travel & leisureHoneywell Analytics ** ƒ 840 81 Electronic & electrical equipmentHoneywell Control Systems ** ƒ 31/12/2007 605 49 Electronic & electrical equipmentHoneywell Security ** ƒ 738 41 Support servicesHornby 796 12 Leisure goodsHR Wallingford ƒ 31/03/2008 967 59 Support servicesHSBC 7 2 BanksHuntsman Advanced Materials ** ƒ 983 57 ChemicalsHypercom EMEA ** ƒ 740 66 Electronic & electrical equipmenti-mate 508 46 Technology hardware & equipmenti2 (now part of i2 Holdings) ** ƒ 31/12/2007 363 43 Software & computer servicesICAP 111 2 Financial servicesICEM ** ƒ 419 50 Software & computer servicesID Data ƒ 31/03/2007 970 101 Electronic & electrical equipmentIdaTech 540 41 Electronic & electrical equipmentIlmor Engineering ƒ 951 31 Automobiles & partsImagination Technologies 100 9 Technology hardware & equipmentIMERYS Minerals ** ƒ 380 4 MiningIMI 89 1 Industrial engineeringImmunodiagnostic Systems 484 18 Health care equipment & servicesImmuPharma 595 94 Pharmaceuticals & biotechnologyImpellam † 708 40 Support servicesImperial Chemical Industries ** 31/12/2007 46 2 Chemicalsin4tek ƒ 868 127 Software & computer servicesIndigoVision 734 98 Software & computer servicesIneos ƒ 51 3 ChemicalsInfermed ƒ 975 146 Software & computer servicesInfonic 31/12/2007 726 97 Software & computer servicesInfor Global Solutions ** ƒ 609 77 Software & computer servicesInfor Global Solutions (Farnborough) ** ƒ 337 39 Software & computer servicesInforSense ƒ 677 87 Software & computer servicesInmarsat 392 5 Mobile telecommunicationsInnospec Ltd ** ƒ 404 16 ChemicalsInnovation 308 35 Software & computer servicesInnovia Films ƒ 31/12/2007 365 14 ChemicalsInnovision Research & Technology 765 64 Technology hardware & equipmentIntec Telecom Systems 193 19 Software & computer servicesIntel ** ƒ 238 23 Technology hardware & equipmentIntelek 582 51 Technology hardware & equipmentIntelligent Energy 382 26 Electronic & electrical equipmentIntercede 811 115 Software & computer servicesIntercytex 278 48 Pharmaceuticals & biotechnologyInternational Flavours & Fragrances ** ƒ 321 10 ChemicalsInternational Paint ** ƒ 344 13 ChemicalsInternational Power 235 4 ElectricityInternational Rectifier ** ƒ 637 54 Technology hardware & equipmentInvensys 35 5 Software & computer servicesINVISTA Textiles ** ƒ 31/12/2007 350 2 Personal goodsInvotec † ƒ 723 64 Electronic & electrical equipmentInvu 31/01/2008 975 146 Software & computer servicesIP 821 20 Financial servicesip access ƒ 31/03/2008 607 50 Electronic & electrical equipmentIPGL ƒ 449 11 Financial servicesIpsen (now Ipsen Developments) ** 31/12/2007 106 17 Pharmaceuticals & biotechnologyIpsen Biopharm ** 31/12/2007 179 30 Pharmaceuticals & biotechnologyIQE 733 61 Technology hardware & equipmentIR Newport ** ƒ 620 53 Technology hardware & equipmentIS Pharma 975 133 Pharmaceuticals & biotechnologyISG ** ƒ 31/12/2007 579 10 Construction & materialsiSOFT Applications ** † ƒ 641 82 Software & computer servicesIsotrak † ƒ 936 139 Software & computer servicesITIS 31/03/2008 727 60 Technology hardware & equipmentITM Power 30/04/2008 477 39 Electronic & electrical equipmentITV 150 6 MediaJaguar Cars ** ƒ 20 3 Automobiles & partsJames Cropper 941 2 Forestry & paperJames Fisher 721 6 Industrial transportationJames Halstead 740 13 Construction & materialsJanssen-Cilag ** ƒ 75 11 Pharmaceuticals & biotechnologyJarvis 587 31 Support servicesJas Bowman ƒ 955 26 Food producersJCB Compact Products ƒ 31/12/2007 373 16 Industrial engineeringJCB Service ** ƒ 31/12/2007 104 3 Industrial engineeringJeyes ƒ 31/03/2008 658 12 Household goods & home constructionJohn Lewis 26/01/2008 129 2 General retailersJohn Menzies 798 47 Support servicesJohn Wyeth & Brother ** ƒ 83 12 Pharmaceuticals & biotechnologyJohnson & Johnson Consumer Services ** ƒ 289 14 Support servicesJohnson & Johnson Medical ** ƒ 297 11 Health care equipment & servicesJohnson Matthey 52 4 ChemicalsJohnsonDiversey ** ƒ 815 42 ChemicalsJohnsonDiversey Equipment ** ƒ 818 50 Industrial engineeringJust Retirement 615 3 Life insuranceK3 Business Technology 913 137 Software & computer servicesKBC Advanced Technologies 727 7 Oil equipment, services & distributionKCOM 755 2 Fixed line telecommunicationsKelda * 31/03/2008 991 11 Gas, water & multiutilitiesKemble Water ƒ 514 5 Gas, water & multiutilitiesKemFine ** ƒ 31/12/2007 798 41 ChemicalsKenwood ** ƒ 467 7 Household goods & home constructionKerry Foods ** ƒ 598 17 Food producersKerry Ingredients ** ƒ 356 9 Food producersKesa Electricals 195 3 General retailersKewill 336 38 Software & computer servicesKidde Graviner ** ƒ 930 97 Electronic & electrical equipmentKidde Products ** ƒ 811 48 Industrial engineeringKimberly-Clark Europe ** ƒ 325 4 Household goods & home constructionKodak ** ƒ 466 6 Leisure goodsKofax 168 16 Software & computer services110 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data111

Table 7Index for ranking of top 1,000 UK companiesTable 7Index for ranking of top 1,000 UK companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorKohler ** ƒ 353 5 Household goods & home constructionKPMG Europe 88 4 Support servicesKraft Foods ** ƒ 537 15 Food producersLaird 87 3 Electronic & electrical equipmentLand Rover (now part of Tata Motors, India) ** ƒ 16 2 Automobiles & partsLangley 369 15 Industrial engineeringLastMile Communications ƒ 567 49 Technology hardware & equipmentLatchways 904 54 Support servicesLatimer Newco 2 (aka Weetabix) ** † ƒ 29/12/2007 919 24 Food producersLCH Clearnet 31/12/2007 176 5 Financial servicesLectus Therapeutics † ƒ 438 75 Pharmaceuticals & biotechnologyLiberata ƒ 200 8 Support servicesLifescan Scotland ** ƒ 136 3 Health care equipment & servicesLiffe ** ƒ 172 4 Financial servicesLinde Material Handling ** ƒ 390 17 Industrial engineeringLinn Products † ƒ 624 8 Leisure goodsLinx Printing Technologies ** ƒ 463 38 Electronic & electrical equipmentLipoxen 487 81 Pharmaceuticals & biotechnologyLloyds TSB (now Lloyds Banking) 54 4 BanksLogan Teleflex ** ƒ 961 58 Industrial engineeringLogica 173 18 Software & computer servicesLombard Medical Technologies 309 12 Health care equipment & servicesLombard Risk Managment 637 80 Software & computer servicesLonza ** 815 120 Pharmaceuticals & biotechnologyLotus ** ƒ 241 16 Automobiles & partsLow & Bonar 30/11/2007 547 8 Construction & materialsLubrizol ** ƒ 525 25 ChemicalsLucite International * ƒ 31/12/2007 279 8 ChemicalsLuxfer 514 27 Industrial engineeringM-I Drilling Fluids ** ƒ 592 31 ChemicalsMacDermid ** ƒ 778 40 ChemicalsMacro 4 (now part of Unicom, USA) 394 48 Software & computer servicesMAHLE Engine Systems ** † ƒ 513 22 Automobiles & partsManganese Bronze 975 59 Industrial engineeringManpower Software (now Allocate Software) 936 139 Software & computer servicesMarkit † ƒ 31/12/2007 680 17 Financial servicesMarks & Spencer 33 1 General retailersMarshalls 501 6 Construction & materialsMartin Dawes Systems ƒ 483 59 Software & computer servicesMartin-Baker (Engineering) ƒ 330 20 Aerospace & defenceMatica 975 102 Electronic & electrical equipmentMBDA ** 218 12 Aerospace & defenceMcBride 372 6 Household goods & home constructionMcCain Foods ** ƒ 784 21 Food producersMcCormick Tractors International (now Taorai Service) ** ƒ 31/12/2007 803 46 Industrial engineeringMcLaren ƒ 31/12/2007 188 6 Travel & leisureMcNeil Healthcare ** † ƒ 371 61 Pharmaceuticals & biotechnologyMedical Marketing International 31/03/2008 793 117 Pharmaceuticals & biotechnologyMedicsight ** 724 96 Software & computer servicesMediGene ** ƒ 31/12/2007 455 78 Pharmaceuticals & biotechnologyMeggitt 70 7 Aerospace & defenceMeldex International 31/12/2007 504 87 Pharmaceuticals & biotechnologyMelrose 547 30 Industrial engineeringMemex ƒ 821 116 Software & computer servicesMercedes-Benz ** ƒ 540 9 General retailersMercedes-Benz HighPerformanceEngines ** ƒ 78 7 Automobiles & partsMerck Serono ** ƒ 492 85 Pharmaceuticals & biotechnologyMerck Sharp & Dohme ** ƒ 289 51 Pharmaceuticals & biotechnologyMerial ƒ 31/12/2007 36 7 Pharmaceuticals & biotechnologyMessageLabs ** 31/07/2007 256 28 Software & computer servicesMessier-Dowty ** ƒ 107 10 Aerospace & defenceMichelin Tyre ** ƒ 377 19 Automobiles & partsMicro Focus International 123 13 Software & computer servicesMicroEmissive Displays 31/12/2007 444 34 Electronic & electrical equipmentMicrogen 384 44 Software & computer servicesMicromuse ** † ƒ 170 17 Software & computer servicesMicron Europe ** ƒ 201 19 Technology hardware & equipmentMillennium Inorganic Chemicals ** ƒ 609 32 ChemicalsMinorplanet Systems 742 67 Electronic & electrical equipmentMinster Pharmaceuticals 360 60 Pharmaceuticals & biotechnologyMisys 42 6 Software & computer servicesMITIE 267 12 Support servicesMolins 713 43 Industrial engineeringMondi 262 1 Forestry & paperMoneysupermarket.com 945 15 MediaMonitise 498 6 Mobile telecommunicationsMoog Controls ** ƒ 658 37 Industrial engineeringMorgan Crucible 258 14 Electronic & electrical equipmentMotorola ** ƒ 58 4 Technology hardware & equipmentMouchel 426 20 Support servicesMurex Biotech ** ƒ 885 36 Health care equipment & servicesN Brown 293 5 General retailersNanoco Tech (now part of Nanoco) 936 52 ChemicalsNapp Pharmaceutical ƒ 253 42 Pharmaceuticals & biotechnologyNational Australia ** 91 6 BanksNational Grid 254 2 Gas, water & multiutilitiesNational Semiconductor ** ƒ 398 35 Technology hardware & equipmentNationwide 254 8 Financial servicesNATS 31/03/2008 118 2 Industrial transportationnCipher (now part of Thales UK) 31/12/2007 388 46 Software & computer servicesNDS ** ƒ 28 3 Software & computer servicesNEC Europe ** ƒ 221 21 Technology hardware & equipmentNEOVIA Financial 293 9 Financial servicesNetPlay TV 803 14 MediaNetwork Rail 31/03/2008 913 9 Industrial transportationNeuropharm 560 90 Pharmaceuticals & biotechnologyNeverfail ƒ 31/03/2008 877 130 Software & computer servicesNew Terex ** ƒ 272 13 Industrial engineeringNewport Networks 31/12/2007 425 38 Technology hardware & equipmentNickerson-Advanta (now Limagrain) ** ƒ 468 13 Food producersNipson Digital Printing Systems 440 10 MediaNissan Motor ** ƒ 31/12/2007 43 5 Automobiles & parts112 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data113

Table 7Index for ranking of top 1,000 UK companiesTable 7Index for ranking of top 1,000 UK companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorNokia ** ƒ 24 1 Technology hardware & equipmentNokia Siemens Networks ** † ƒ 651 8 Mobile telecommunicationsNorbrook Laboratories ƒ 03/08/2007 424 71 Pharmaceuticals & biotechnologyNorcros 31/03/2008 778 14 Construction & materialsNorgine ** ƒ 384 65 Pharmaceuticals & biotechnologyNortel Networks ** ƒ 152 17 Technology hardware & equipmentNorthern Foods 299 7 Food producersNorthgate Information Solutions ** 411 49 Software & computer servicesNorthumbrian Water 727 8 Gas, water & multiutilitiesNorton Healthcare ** ƒ 427 72 Pharmaceuticals & biotechnologyNottingham Building Society 560 12 Financial servicesNovar ED&S ** ƒ 421 32 Electronic & electrical equipmentNovartis Pharmaceuticals ** 48 9 Pharmaceuticals & biotechnologyNovartis Vaccines and Diagnostics ** ƒ 778 114 Pharmaceuticals & biotechnologyNovo Nordisk ** ƒ 271 46 Pharmaceuticals & biotechnologyNSB (now part of Epicor Software, USA) ** 31/12/2007 227 25 Software & computer servicesNSK ** ƒ 31/03/2008 415 19 Industrial engineeringNufarm ** ƒ 31/07/2007 902 48 ChemicalsNviro Cleantech 857 54 Industrial engineeringOFCOM ƒ 535 28 Support servicesOffshore Hydrocarbon Mapping 872 9 Oil equipment, services & distributionOld Mutual 53 1 Life insuranceOMG 465 56 Software & computer servicesOmnibus Systems * ƒ 644 83 Software & computer servicesOneClickHR 983 150 Software & computer servicesOnyvax ƒ 559 89 Pharmaceuticals & biotechnologyOpSec Security 706 39 Support servicesOptos 570 23 Health care equipment & servicesOracle ** ƒ 84 9 Software & computer servicesOrchard Information Systems ƒ 893 133 Software & computer servicesOrganon Laboratories ** ƒ 93 14 Pharmaceuticals & biotechnologyOrtho-Clinical Diagnostics ** ƒ 735 31 Health care equipment & servicesOsmetech 603 24 Health care equipment & servicesOtsuka Pharmaceutical ** ƒ 663 101 Pharmaceuticals & biotechnologyOxagen ƒ 31/12/2007 343 58 Pharmaceuticals & biotechnologyOxford Advanced Surfaces 970 55 ChemicalsOxford Biomedica 138 20 Pharmaceuticals & biotechnologyOxford Catalysts 755 37 ChemicalsOxford Instruments 180 7 Electronic & electrical equipmentOxford Nanopore Technologies 703 105 Pharmaceuticals & biotechnologyOxoid ** ƒ 400 68 Pharmaceuticals & biotechnologyOxonica 575 30 ChemicalsPA ƒ 31/12/2007 661 36 Support servicesPace 69 5 Technology hardware & equipmentPall Europe ** ƒ 442 21 Industrial engineeringPanasonic Europe ** ƒ 317 20 Electronic & electrical equipmentPanasonic Manufacturing ** ƒ 627 9 Leisure goodsParametric Technology ** ƒ 516 64 Software & computer servicesPark Air Systems ** ƒ 868 87 Electronic & electrical equipmentParker Hannifin ** ƒ 773 71 Electronic & electrical equipmentPartyGaming 702 12 Travel & leisurePatsystems 983 150 Software & computer servicesPearson 108 5 MediaPegasus Software ** ƒ 955 144 Software & computer servicesPendragon 778 12 General retailersPentagon Chemicals ƒ 902 48 ChemicalsPerkinElmer ** ƒ 430 33 Electronic & electrical equipmentPerkins Engines ** ƒ 90 8 Automobiles & partsPerkins Shibaura Engines ** ƒ 926 57 Industrial engineeringPfizer ** ƒ 13 4 Pharmaceuticals & biotechnologyPharmakodex † ƒ 31/12/2007 703 105 Pharmaceuticals & biotechnologyPhilips Electronics ** ƒ 664 59 Electronic & electrical equipmentPhoqus Pharmaceuticals 31/12/2007 455 78 Pharmaceuticals & biotechnologyPhoto-Me 337 3 Leisure goodsPhytopharm 762 112 Pharmaceuticals & biotechnologyPicochip Designs ** ƒ 31/12/2007 344 40 Software & computer servicesPilat Media Global 476 57 Software & computer servicesPilkington Automotive ** ƒ 668 25 Automobiles & partsPilkington Technology ** ƒ 154 1 Construction & materialsPilkington United Kingdom ** ƒ 525 7 Construction & materialsPiping Hot Networks ** ƒ 437 39 Technology hardware & equipmentPiramed (now part of Roche, Switzerland) ** † ƒ 330 56 Pharmaceuticals & biotechnologyPirelli UK Tyres ** ƒ 857 29 Automobiles & partsPitney Bowes ** ƒ 498 45 Technology hardware & equipmentPittway Systems Technology ** ƒ 770 70 Electronic & electrical equipmentPlant Health Care 945 54 ChemicalsPlant Impact 768 39 ChemicalsPlastic Logic 31/12/2007 224 12 Electronic & electrical equipmentPlethora Solutions 285 49 Pharmaceuticals & biotechnologyPlextek ƒ 926 70 Technology hardware & equipmentPortland Gas 312 3 Oil equipment, services & distributionPortrait Software 31/03/2008 511 63 Software & computer servicesPorvair 560 28 ChemicalsPowderMed ** ƒ 139 21 Pharmaceuticals & biotechnologyPowerlase ƒ 821 77 Electronic & electrical equipmentPracticeworks ** ƒ 945 142 Software & computer servicesPremier Farnell 759 44 Support servicesPremier Foods 401 11 Food producersPricewaterhouseCoopers 367 19 Support servicesPro-Bel ƒ 31/12/2007 581 72 Software & computer servicesProcter & Gamble Technical Centres ** ƒ 47 1 Support servicesPrologic 773 107 Software & computer servicesPronostics ** ƒ 03/06/2007 970 132 Pharmaceuticals & biotechnologyProStrakan 242 40 Pharmaceuticals & biotechnologyProteome Sciences 575 93 Pharmaceuticals & biotechnologyProtherics (now part of BTG) 31/03/2008 160 26 Pharmaceuticals & biotechnologyProvident Financial 360 10 Financial servicesProximagen Neuroscience 655 100 Pharmaceuticals & biotechnologyPrysmian Cables & Systems ** ƒ 592 46 Electronic & electrical equipmentPsion 209 20 Technology hardware & equipmentPsytechnics ƒ 845 83 Electronic & electrical equipmentPublishing Technology 586 74 Software & computer services114 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data115

Table 7Index for ranking of top 1,000 UK companiesTable 7Index for ranking of top 1,000 UK companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorPuriCore 532 21 Health care equipment & servicesPursuit Dynamics 508 26 Industrial engineeringPV Crystalox Solar 366 23 Electronic & electrical equipmentPZ Cussons 547 4 Personal goodsQinetiQ 225 13 Aerospace & defenceQioptiq * ƒ 708 62 Electronic & electrical equipmentQuadnetics 689 38 Support servicesQualcomm ** ƒ 30/09/2007 613 7 Mobile telecommunicationsQualcomm Cambridge ** ƒ 622 78 Software & computer servicesQualcomm Poole ** ƒ 634 79 Software & computer servicesQuantel ƒ 301 16 Electronic & electrical equipmentQuative ** ƒ 31/12/2007 809 114 Software & computer servicesR&R Ice Cream ** 697 20 Food producersRacal Acoustics Global * ƒ 696 59 Technology hardware & equipmentRandox Laboratories ƒ 407 69 Pharmaceuticals & biotechnologyRaymarine 189 9 Electronic & electrical equipmentRaytheon ** ƒ 941 33 Aerospace & defenceRBC Dexia Investor Services 82 1 Financial servicesReckitt Benckiser 40 1 Household goods & home constructionRed Lion 49 (aka Solid State Logic) ƒ 798 74 Electronic & electrical equipmentRedac * ƒ 31/03/2008 423 52 Software & computer servicesReed Elsevier 34 2 MediaReedhycalog (now part of National Oilwell Varco, USA) ** ƒ 634 6 Oil equipment, services & distributionReliance Precision ƒ 31/03/2008 868 55 Industrial engineeringRenesas Technology Europe ** ƒ 31/03/2008 148 16 Technology hardware & equipmentReNeuron 544 88 Pharmaceuticals & biotechnologyRenewable Energy 530 8 ElectricityRenewable Energy Generation 671 9 ElectricityRenishaw 117 4 Electronic & electrical equipmentRenovo 159 25 Pharmaceuticals & biotechnologyRentokil Initial 742 42 Support servicesRespironics Respiratory ** ƒ 30/06/2007 885 36 Health care equipment & servicesRexam 131 4 General industrialsRhodia ** ƒ 919 50 ChemicalsRicardo 274 13 Support servicesRicoh Europe ** ƒ 145 15 Technology hardware & equipmentRio Tinto 17 1 MiningRM 211 21 Software & computer servicesRobert Bosch Investment ** ƒ 325 3 Construction & materialsRoche Products ** 31/12/2007 22 5 Pharmaceuticals & biotechnologyRoke Manor Research 30/09/2007 636 56 Electronic & electrical equipmentRolfe & Nolan † ƒ 29/02/2008 897 134 Software & computer servicesRolls-Royce 9 2 Aerospace & defenceRosemont * ƒ 618 97 Pharmaceuticals & biotechnologyRotork 442 21 Industrial engineeringRoyal Bank of Scotland 6 1 BanksRoyal Dutch Shell 5 1 Oil & gas producersRSA Insurance 62 1 Nonlife insuranceRubicon Partners Industries ƒ 865 10 General industrialsRWE Npower ** ƒ 279 5 ElectricitySABIC UK Petrochemicals ** ƒ 566 29 ChemicalsSABMiller 414 2 BeveragesSage 25 2 Software & computer servicesSagentia 358 18 Support servicesSAI Automotive Fradley ** ƒ 856 28 Automobiles & partsSalamander Organization * ƒ 885 52 Support servicesSamsung Electronics ** ƒ 31/12/2007 124 5 Electronic & electrical equipmentSanofi Pasteur MSD ** ƒ 643 4 Food & drug retailersSarantel 897 68 Technology hardware & equipmentSareum 668 102 Pharmaceuticals & biotechnologySatamatics Global ƒ 885 132 Software & computer servicesScaid Investments ƒ 904 13 Household goods & home constructionScapa 472 19 ChemicalsSchering-Plough ** ƒ 452 77 Pharmaceuticals & biotechnologySchneider Electric ** ƒ 603 48 Electronic & electrical equipmentSCI Entertainment (now Eidos) 60 2 Leisure goodsSciSys 832 118 Software & computer servicesScott Health & Safety ** ƒ 647 34 Support servicesScottish and Southern Energy 440 7 ElectricityScreen Technology 31/12/2007 982 103 Electronic & electrical equipmentSDL 298 32 Software & computer servicesSELEX Communications ** 478 43 Technology hardware & equipmentSELEX Sensors and Airborne Systems ** 25 1 Electronic & electrical equipmentSenetek ƒ 31/12/2007 983 134 Pharmaceuticals & biotechnologySenior 312 17 Aerospace & defenceSepura 187 18 Technology hardware & equipmentSerck Controls ** ƒ 997 153 Software & computer servicesSerco 67 2 Support servicesSerentis ** ƒ 31/12/2007 784 115 Pharmaceuticals & biotechnologySerono ** ƒ 570 92 Pharmaceuticals & biotechnologyServicePower Technologies 803 113 Software & computer servicesServier R&D ** ƒ 151 24 Pharmaceuticals & biotechnologyServision 897 92 Electronic & electrical equipmentSeton House * ƒ 31/12/2007 125 6 Support servicesSevern Trent 156 1 Gas, water & multiutilitiesSGL * ƒ 31/03/2008 497 25 Support servicesSharp Electronics ** ƒ 405 29 Electronic & electrical equipmentShepherd Building ƒ 991 15 Construction & materialsShire ƒ 12 3 Pharmaceuticals & biotechnologySHL † ƒ 31/12/2007 428 21 Support servicesSiemens ** 580 45 Electronic & electrical equipmentSiemens Industrial Turbomachinery ** 185 7 Industrial engineeringSiemens Magnet Technology ** 362 22 Electronic & electrical equipmentSiemens Medical Solutions Diagnostic(now Siemens Healthcare Diagnostics Products) ** † ƒ 30/09/2007923 41 Health care equipment & servicesSiemens Product Lifecycle Management Software ** ƒ 281 29 Software & computer servicesSiemens Product Lifecycle Management Software III ** ƒ 857 123 Software & computer servicesSiemens VAI Metals Technologies ** ƒ 697 41 Industrial engineeringSigmaKalon (now PPG Architectural Coatings) ** ƒ 31/12/2007 857 46 ChemicalsSilence Therapeutics 334 57 Pharmaceuticals & biotechnologySilverstar Acquisitions (aka Empire Interactive) ** † ƒ 30/06/2007 359 42 Software & computer servicesSinclair Pharma 967 130 Pharmaceuticals & biotechnology116 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data117

Table 7Index for ranking of top 1,000 UK companiesTable 7Index for ranking of top 1,000 UK companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorSinosoft Technology 607 76 Software & computer servicesSKF ** ƒ 850 53 Industrial engineeringSkyePharma 195 33 Pharmaceuticals & biotechnologySmart Holograms ƒ 904 93 Electronic & electrical equipmentsmartFOCUS 778 108 Software & computer servicesSmith & Nephew 39 1 Health care equipment & servicesSmiths 58 1 General industrialsSodexo Services ** ƒ 639 33 Support servicesSoftware Radio Technology 575 50 Technology hardware & equipmentSolar Century 904 93 Electronic & electrical equipmentSolexa (now Illumina Cambridge) ** ƒ 183 5 Health care equipment & servicesSolidWorks R&D ** ƒ 784 109 Software & computer servicesSondex Wireline ** ƒ 877 10 Oil equipment, services & distributionSony ** ƒ 348 4 Leisure goodsSony Computer Entertainment Europe ** ƒ 49 1 Leisure goodsSopheon 697 91 Software & computer servicesSophos 31/03/2008 121 12 Software & computer servicesSosei R&D ** ƒ 31/03/2008 199 34 Pharmaceuticals & biotechnologySouthern Water Services * ƒ 31/03/2008 821 9 Gas, water & multiutilitiesSP Power Systems ** † ƒ 31/12/2007 776 46 Support servicesSPD Development ** † ƒ 268 45 Pharmaceuticals & biotechnologySpeakerbus ƒ 897 68 Technology hardware & equipmentSpectris 71 2 Electronic & electrical equipmentSphere Medical 612 25 Health care equipment & servicesSPI Lasers 31/12/2007 557 44 Electronic & electrical equipmentSpinVox 31/12/2007 248 4 Mobile telecommunicationsSpirax-Sarco Engineering 342 14 Industrial engineeringSpirent Communications 81 6 Technology hardware & equipmentSportingbet 587 10 Travel & leisureSSL International 223 1 Personal goodsStandard Life 164 2 Life insuranceStannah Lifts ƒ 673 39 Industrial engineeringStatPro 327 36 Software & computer servicesStem Cell Sciences (now Asset Realisation) 31/12/2007 821 122 Pharmaceuticals & biotechnologyStirling Medical Innovations ** ƒ 222 7 Health care equipment & servicesSTMicroelectronics ** ƒ 31/12/2007 997 72 Technology hardware & equipmentSTMicroelectronics R&D ** ƒ 31/12/2007 103 10 Technology hardware & equipmentStrategic Thought 821 116 Software & computer servicesSumitomo Electric Wiring Systems ** ƒ 615 24 Automobiles & partsSummit 378 64 Pharmaceuticals & biotechnologySun Chemical ** ƒ 284 9 ChemicalsSunGard ** ƒ 197 20 Software & computer servicesSunrise Medical ** ƒ 983 42 Health care equipment & servicesSunshine Holdings 3 * ƒ 530 11 MediaSuperscape (now part of Glu Mobile, USA) ** 31/01/2008 387 45 Software & computer servicesSurface Technology Systems ** ƒ 546 48 Technology hardware & equipmentSurfControl ** † ƒ 234 26 Software & computer servicesSurrey Satellite Technology ** † ƒ 852 67 Technology hardware & equipmentSymantec ** ƒ 216 23 Software & computer servicesSymbian Software ** ƒ 32 4 Software & computer servicesSynairgen 690 103 Pharmaceuticals & biotechnologySynchronica 797 112 Software & computer servicesSyngenta ** ƒ 45 1 ChemicalsSyngenta Seeds ** ƒ 684 19 Food producersSyntaxin 773 113 Pharmaceuticals & biotechnologySyntopix 913 126 Pharmaceuticals & biotechnologySystem C Healthcare 742 99 Software & computer servicesT-Mobile ** ƒ 198 3 Mobile telecommunicationsTandberg Television ** ƒ 230 9 MediaTanfield 335 17 Support servicesTarget ƒ 881 131 Software & computer servicesTata Steel Europe ** 50 1 Industrial metals & miningTate & Lyle 111 4 Food producersTaylor Wimpey 627 10 Household goods & home constructionTDG * 31/12/2007 525 5 Industrial transportationTechnolog ** † ƒ 852 84 Electronic & electrical equipmentTelefonica Europe ** 73 2 Mobile telecommunicationsTelephonetics 975 146 Software & computer servicesTeleware ƒ 31/03/2008 936 139 Software & computer servicesTelex Communications ** ƒ 651 58 Electronic & electrical equipmentTelit Communications 288 29 Technology hardware & equipmentTemenos ** ƒ 303 33 Software & computer servicesTen Lifestyle Management ƒ 930 56 Support servicesTennants ƒ 845 44 ChemicalsTepnel Life Sciences(now Gen-Probe Life Sciences) (now part of Gen-Probe, USA)595 94 Pharmaceuticals & biotechnologyTesco 19 1 Food & drug retailersThales Avionics ** 269 15 Electronic & electrical equipmentThales e-Security ** 31/12/2007 283 31 Software & computer servicesThales e-Transactions (now Hypercom) (now part of Hypercom EMEA) ** 811 75 Electronic & electrical equipmentThales Missile Electronics ** 913 32 Aerospace & defenceThales Naval ** 31/12/2007 893 30 Aerospace & defenceThales Optronics ** 845 28 Aerospace & defenceThales UK ** 31/12/2007 245 14 Aerospace & defenceThales Underwater Systems ** 31/12/2007 649 57 Electronic & electrical equipmentThiakis † ƒ 457 80 Pharmaceuticals & biotechnologyThomas Cook ** † 175 4 Travel & leisureThomas Swan ƒ 421 17 ChemicalsThomson Broadband ** ƒ 370 24 Electronic & electrical equipmentThomson Financial ** ƒ 31/12/2007 789 18 Financial servicesThomson Reuters ** 31 1 MediaThorn Security ** ƒ 485 23 Support servicesThornton & Ross ƒ 911 125 Pharmaceuticals & biotechnologyTI Automotive * ƒ 31/12/2007 134 10 Automobiles & partsTIBCO Software ** ƒ 587 75 Software & computer servicesTideway Systems ƒ 742 99 Software & computer servicesTissue Science Laboratories * 31/12/2007 687 29 Health care equipment & servicesTitan Europe 469 24 Industrial engineeringTokheim ** ƒ 587 34 Industrial engineeringTomkins 65 2 General industrialsTopoTarget ** ƒ 567 91 Pharmaceuticals & biotechnologyTorotrak 393 20 Automobiles & parts118 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data119

Table 7Index for ranking of top 1,000 UK companiesTable 7Index for ranking of top 1,000 UK companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorToshiba Research Europe ** ƒ 316 19 Electronic & electrical equipmentTotal Upstream ** ƒ 339 6 Oil & gas producersTouchpaper ƒ 31/12/2007 718 95 Software & computer servicesToyota ** ƒ 452 6 General retailersTrace * 872 128 Software & computer servicesTrafficmaster 444 40 Technology hardware & equipmentTrainline Investment * ƒ 01/03/2008 364 8 Travel & leisureTransaction Systems ƒ 618 32 Support servicesTransitive ƒ 347 41 Software & computer servicesTrelleborg Automotive (now Trelleborg Industrial Products) ** ƒ 875 30 Automobiles & partsTribal 880 51 Support servicesTRL Technology ** ƒ 31/12/2007 432 23 Aerospace & defenceTRW ** ƒ 31/12/2007 171 14 Automobiles & partsTT electronics 246 13 Electronic & electrical equipmentTTP ƒ 31/03/2008 755 102 Software & computer servicesTTP Communications ** 276 28 Technology hardware & equipmentTUI Travel ** † 184 5 Travel & leisureTullett Prebon 627 15 Financial servicesTunstall Healthcare † ƒ 518 19 Health care equipment & servicesTurbo Power Systems ** ƒ 394 27 Electronic & electrical equipmentTurner Powertrain Systems ** ƒ 919 56 Industrial engineeringUbiquisys ƒ 31/12/2007 341 31 Technology hardware & equipmentUbiquity Software ** † ƒ 388 46 Software & computer servicesUltra Electronics 97 9 Aerospace & defenceUltronics ** ƒ 31/12/2007 857 85 Electronic & electrical equipmentUmbro (now part of Nike, USA) ** 31/12/2007 402 3 Personal goodsUMECO 690 27 Aerospace & defenceUnilever 4 1 Food producersUnipath ** ƒ 470 16 Health care equipment & servicesUnited Biscuits ** 29/12/2007 406 12 Food producersUnited Utilities 951 10 Gas, water & multiutilitiesUniverse 770 45 Support servicesUrenco 324 6 ElectricityVantia † ƒ 493 86 Pharmaceuticals & biotechnologyVantis 832 23 Financial servicesVascutek ** ƒ 31/03/2008 475 17 Health care equipment & servicesVectura 98 16 Pharmaceuticals & biotechnologyVelocity * ƒ 766 104 Software & computer servicesVelti 327 36 Software & computer servicesVenteco 31/12/2007 955 57 Support servicesVernalis 205 35 Pharmaceuticals & biotechnologyVero Software 555 70 Software & computer servicesVerona Pharma 958 129 Pharmaceuticals & biotechnologyVertex Pharmaceuticals ** ƒ 31/12/2007 239 38 Pharmaceuticals & biotechnologyVetco Gray ** ƒ 446 4 Oil equipment, services & distributionVetco Gray Controls ** ƒ 852 8 Oil equipment, services & distributionViaLogy 848 121 Software & computer servicesVicorp 872 128 Software & computer servicesVictrex 504 20 ChemicalsVideojet Technologies ** ƒ 457 36 Electronic & electrical equipmentVisiocorp † 31/12/2007 152 12 Automobiles & partsVislink 274 27 Technology hardware & equipmentVistec Lithography ** ƒ 945 99 Electronic & electrical equipmentVisteon ** ƒ 168 13 Automobiles & partsVitec 217 10 Industrial engineeringVocaLink ƒ 31/12/2007 105 10 Software & computer servicesVodafone 14 1 Mobile telecommunicationsVolantis Systems ƒ 683 89 Software & computer servicesVolex 750 68 Electronic & electrical equipmentVoller Energy 881 90 Electronic & electrical equipmentVyke Communications 661 57 Technology hardware & equipmentW L Shareholding ƒ 626 53 Electronic & electrical equipmentWagon 31/03/2008 318 18 Automobiles & partsWaterford Wedgwood ** 05/04/2008 644 11 Household goods & home constructionWeir 258 11 Industrial engineeringWellstream 470 5 Oil equipment, services & distributionWestern Power Distribution ** 951 10 ElectricityWestland Helicopters ** 31/12/2007 135 11 Aerospace & defenceWeston Aerospace ** ƒ 26/10/2007 573 24 Aerospace & defenceWhatman (now part of General Electric, USA) ** 31/12/2007 560 22 Health care equipment & servicesWhitehall Laboratories ** ƒ 479 3 Food & drug retailersWinthrop Pharmaceuticals ** ƒ 803 119 Pharmaceuticals & biotechnologyWittington Investments (aka Associated British Foods) 146 6 Food producersWolfson Microelectronics 114 11 Technology hardware & equipmentWood Mackenzie ƒ 31/12/2007 666 37 Support servicesWorkplace Systems International 583 73 Software & computer servicesXaar 451 35 Electronic & electrical equipmentXchanging 264 11 Support servicesXerox ** ƒ 235 22 Technology hardware & equipmentXstrata 462 5 MiningYork Pharma ƒ 30/09/2007 605 96 Pharmaceuticals & biotechnologyYule Catto 248 6 ChemicalsZarlink Semiconductor ** ƒ 653 56 Technology hardware & equipmentZenergy Power 448 23 Industrial engineeringZetex (now Diodes Zetex) 31/12/2007 344 32 Technology hardware & equipmentZimmer ** ƒ 919 40 Health care equipment & servicesZincox Resources 495 7 MiningZoo Digital 911 136 Software & computer services120 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data121

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)All companies composite 395806.24 7.0 18.6 37.3 3.4 10.6 1061260 -15.8 -2.2 9.2 11545141 8.3 21.6 306.1 2.6 9.5 36274399 3.7 8 10.6 1.2 5.9 n/a 9794492 -17.61 Aerospace & defence (34) 14632.66 1.1 15.3 49.5 4.2 7.0 29579 4.7 32.3 8.5 349966 5.7 20 213.2 2.2 11.2 1641477 3.4 8.2 8.9 -2.3 6.7 n/a 214030 -26EADS, The Netherlands 2664.35 2 8 101.0 6.4 9.9 2637 n/a 124 6.3 41826 11 20 353.4 9 16 118349 2 4 22.5 0 4 56 11058 -13Boeing, USA ƒ 2620.67 -2 35 89.9 6.2 8.9 2916 -34 15 6.9 42363 -8 4 261.2 -10 0 162200 2 4 16.2 -4 30 n/a 22670 -32Finmeccanica, Italy 1708.24 -2 4 192.5 13.3 17.0 887 8 29 6.9 12889 12 21 205.3 5 2 62791 7 18 27.2 -9 -12 35 6236 -28United Technologies, USA ƒ 1231.74 6 22 23.2 3.1 5.1 5303 8 34 13.1 40369 8 28 180.9 9 25 223100 -1 2 5.5 7 19 n/a 37453 -14Lockheed Martin, USA ƒ 848.52 1 12 24.3 2.9 5.0 3494 12 55 11.8 29720 2 11 203.6 -2 4 146000 4 7 5.8 -3 5 n/a 19939 -33SAFRAN, France 588.75 -31 -18 >999 5.7 10.5 28 -51 n/a 0.3 10268 -8 12 182.7 -14 -1 56191 7 14 10.5 -36 -30 46 4947 -7Thales, France 550.27 -3 17 77.3 4.5 7.5 712 1 31 5.8 12244 3 18 193.6 0 3 63248 3 14 8.7 -6 3 37 5865 -27Rolls-Royce, UK 490.00 8 28 57.3 5.4 8.5 855 66 37 9.4 9082 22 34 232.9 21 26 39000 1 6 12.6 7 21 63 8062 10Northrop Grumman, USA ƒ 400.61 7 7 n/m 1.7 3.7 -55 -103 -103 -0.2 23606 6 10 191.0 5 10 123600 1 0 3.2 6 7 n/a 10481 -35Raytheon, USA ƒ 359.58 3 6 20.1 2.2 3.5 1786 17 49 11.1 16118 3 6 220.8 2 12 73000 1 -6 4.9 2 12 20 12872 -24Textron, USA ƒ 331.06 30 41 42.3 3.2 6.9 782 -37 0 7.6 10298 12 28 239.5 15 29 43000 -2 -1 7.7 33 42 37 2708 -63General Dynamics, USA ƒ 329.67 10 28 13.0 1.6 3.3 2546 18 44 12.5 20380 7 28 220.8 -3 6 92300 11 20 3.6 0 7 14 15063 -40Rockwell Collins, USA ƒ 274.73 14 45 40.9 8.3 11.9 672 13 52 20.3 3317 8 30 163.4 4 14 20300 4 14 13.5 9 28 29 4798 -13Dassault Aviation, France 263.66 3 -2 62.6 7.3 10.8 421 -9 0 11.6 3623 -8 5 292.4 -10 2 12391 2 3 21.3 1 -5 n/a 4190 -25BAE Systems, UK 213.00 21 n/a 14.8 1.3 4.4 1442 32 75 8.7 16671 17 42 185.2 7 21 90000 8 18 2.4 12 n/a 73 11571 -31Goodrich, USA ƒ 197.52 1 -2 26.5 4.0 8.1 746 28 89 15.2 4911 8 25 196.5 1 14 25000 7 10 7.9 -5 -11 46 4752 9EMBRAER, Brazil ƒ 137.02 -24 54 36.7 3.1 6.8 373 43 28 8.5 4406 21 55 187.4 22 23 23509 -1 26 5.8 -23 32 n/a 2833 -23MTU Aero Engines, Germany 133.60 56 35 55.8 5.1 8.7 240 3 58 9.1 2634 6 20 362.6 3 18 7263 2 1 18.4 52 35 70 1427 11Zodiac, France 130.18 -7 n/a 57.7 6.7 9.6 226 -33 -9 11.6 1947 -19 -2 109.3 -21 -16 17824 2 16 7.3 -9 n/a 59 1486 -23Elbit Systems, Israel ƒ 128.66 46 107 87.6 7.0 11.9 147 72 130 8.0 1835 33 91 168.7 23 35 10876 8 44 11.8 35 45 n/a 1937 24SAAB, Sweden 126.56 3 49 >999 6.0 7.7 5 -98 -97 0.2 2093 3 17 158.6 4 12 13199 -1 5 9.6 4 43 42 839 -56Bombardier, Canada ƒ 118.93 23 13 12.8 0.9 4.0 927 80 197 6.8 13716 13 31 205.6 0 14 66700 12 15 1.8 10 -3 68 4780 -45BE Aerospace, USA ƒ 91.39 3 56 n/m 6.2 7.7 -25 -115 -126 -1.7 1468 26 93 226.3 22 43 6485 3 38 14.1 0 16 53 1240 -29Ruag, Switzerland 80.64 46 96 203.3 8.0 12.2 40 -27 14 4.0 1004 9 20 159.2 4 9 6310 4 10 12.8 40 79 12 n/l n/lMoog, USA ƒ 76.23 7 79 53.3 5.8 10.6 143 19 59 10.8 1323 22 57 149.6 15 25 8844 6 26 8.6 1 48 42 808 -39Cobham, UK 70.60 28 52 54.8 4.8 8.4 129 -22 -20 8.8 1467 38 41 137.0 16 29 10706 19 10 6.6 7 38 75 2243 -13Japan Aviation Electronics Industry, Japan ƒ 65.15 1 7 74.7 5.4 16.9 87 8 31 7.3 1198 13 27 211.2 1 n/a 5672 12 n/a 11.5 -10 n/a n/a 422 -4FLIR Systems, USA ƒ 62.57 24 56 31.7 8.4 10.9 197 45 108 26.3 749 38 84 385.5 24 19 1943 11 48 32.2 11 2 38 2452 -33Esterline Technologies, USA ƒ 60.37 23 80 51.7 5.9 8.6 117 9 72 11.3 1032 17 60 106.4 13 27 9699 4 28 6.2 19 44 n/a 632 -36L-3 Communications, USA ƒ 59.81 -7 9 5.1 0.6 2.0 1164 16 56 11.2 10364 7 39 159.4 6 26 65000 1 12 0.9 -8 -4 12 6084 -28Meggitt, UK 59.40 12 60 34.8 5.1 8.2 171 19 44 14.7 1163 32 76 141.6 19 27 8211 12 40 7.2 1 15 65 1399 -5Alliant Techsystems, USA ƒ 56.70 19 49 21.2 1.8 4.2 267 -11 11 8.4 3188 10 33 167.8 -2 10 19000 12 22 3.0 7 23 n/a 1770 -24Kongsberg Gruppen, Norway 51.55 16 60 59.9 4.7 12.1 86 -21 67 7.8 1098 33 60 230.1 11 25 4772 20 28 10.8 -3 26 54 1009 -26Avio, Italy 50.93 -9 -9 45.0 3.2 5.9 113 -17 120 7.1 1599 7 21 320.1 3 17 4994 4 4 10.2 -13 -12 49 n/l n/l2 Alternative energy (1) 215.58 87.4 157.4 33.4 3.7 12.1 645 50.6 476.2 11.1 5834 24.2 64.7 325.5 -4.3 4.4 17924 29.7 59.7 12.0 44.5 63.3 n/a 10656 -32.3Vestas Wind Systems, Denmark 215.58 87 157 33.4 3.7 12.1 645 51 476 11.1 5834 24 65 325.5 -4 4 17924 30 60 12.0 44 63 40 10656 -323 Automobiles & parts (73) 69404.19 4.2 8.8 133.2 4.4 13.1 52086 -43.1 -36.5 3.3 1564961 -1.6 1.9 305.4 -3.8 2.8 4941281 1.3 -4.8 13.8 2.4 8.9 n/a 490114 -9.6Toyota Motor, Japan ƒ 7357.23 8 22 37.5 3.6 14.1 19641 4 24 9.7 201710 10 30 638.1 4 15 316121 6 13 23.3 2 8 51 103587 -2Volkswagen, Germany 5728.93 20 36 82.1 5.2 15.7 6974 5 111 6.3 110023 5 14 331.2 -3 8 332192 8 5 17.2 11 29 29 61444 -15General Motors (now Motors Liquidation), USA ƒ 5564.06 -1 15 n/m 5.4 10.4 -20286 n/m -856 -19.6 103616 -18 -23 426.4 -11 -6 243000 -9 -19 22.9 8 40 41 394 -90Ford Motor, USA ƒ 5077.20 -3 -3 n/m 5.0 9.6 -2767 -166 -198 -2.7 101737 -15 -14 477.6 -2 15 213000 -13 -26 23.8 12 30 n/a 17543 131Honda Motor, Japan ƒ 4511.24 7 19 68.2 4.9 17.5 6616 13 14 7.2 92094 8 27 514.6 1 3 178960 7 23 25.2 0 -4 63 41744 3Daimler, Germany 4290.41 -9 -17 166.5 4.6 19.0 2576 -70 -54 2.8 92685 -26 -33 337.9 -4 -10 274330 -23 -26 15.6 18 13 n/a 33690 -28Robert Bosch, Germany 3785.77 10 25 267.1 8.7 15.9 1417 -53 -43 3.2 43626 -3 5 154.3 -8 -6 282758 6 11 13.4 4 13 34 n/l n/lNissan Motor, Japan ƒ 3510.13 -2 10 61.4 4.2 16.5 5713 9 -2 6.9 83051 3 21 460.0 7 12 180535 -3 7 19.4 2 2 60 24031 -1122 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data123

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)3 Automobiles & parts continuedBMW, Germany 2768.76 -9 -7 333.4 5.4 34.0 830 -78 -78 1.6 51428 -5 9 505.5 -9 7 101733 4 1 27.2 -12 -8 41 20143 2Denso, Japan ƒ 2389.85 11 26 88.4 7.7 16.2 2704 16 47 8.8 30883 12 32 259.8 5 17 118853 6 14 20.1 5 11 36 18792 18Peugeot (PSA), France 2293.12 14 11 n/m 4.4 8.4 -306 -130 -125 -0.6 52548 -10 -5 260.5 -8 -2 201700 -3 -3 11.4 18 14 n/a 4746 -43Renault, France 2160.67 -9 -2 >999 6.1 14.8 157 -94 -95 0.4 35285 -8 -9 269.4 -6 -9 130985 -2 0 16.5 -7 -1 n/a 8964 -49Fiat, Italy 1919.95 14 22 64.4 3.3 9.9 2981 2 67 5.2 57405 1 15 289.7 -8 1 198140 10 14 9.7 3 7 n/a 9823 -33Continental, Germany 1473.51 81 132 n/m 6.3 12.7 -333 -121 -123 -1.4 23433 46 67 157.9 -8 -7 148379 58 80 9.9 15 30 33 3891 -68Delphi, USA ƒ 1321.46 -5 -10 53.0 9.3 13.2 2492 n/a n/a 17.6 14177 -22 -25 96.7 -10 -9 146600 -14 -17 9.0 10 10 n/a 18 -40Hyundai Motor, South Korea ƒ 1209.59 0 33 71.5 2.7 9.0 1691 6 8 3.8 44031 15 30 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 12823 8Aisin Seiki, Japan ƒ 884.89 11 20 60.0 4.3 11.9 1474 38 76 7.1 20719 14 36 281.9 3 5 73509 11 30 12.0 0 -8 25 5351 1Mazda Motor, Japan ƒ 877.76 6 20 68.1 3.3 5.6 1289 8 38 4.8 26669 7 18 677.5 3 9 39364 4 8 22.3 3 11 55 2834 -47Porsche Automobile, Germany 869.72 23 94 10.3 12.0 27.8 8427 46 235 116.7 7218 1 9 601.0 -3 3 12011 5 6 72.4 17 83 39 4192 -52Suzuki Motor, Japan ƒ 834.34 18 26 73.5 3.1 9.3 1135 13 41 4.2 26873 11 34 534.9 0 10 50241 10 22 16.6 7 3 38 9121 17Valeo, France 759.86 -1 3 n/m 9.1 14.6 -67 -121 -122 -0.8 8376 -14 -12 163.6 2 15 51200 -16 -24 14.8 19 34 34 1438 -25Bridgestone, Japan ƒ 715.50 7 15 99.3 2.9 11.2 721 -61 -55 2.9 24817 -5 13 179.9 -8 2 137981 3 11 5.2 4 3 58 10459 11Yamaha Motor, Japan ƒ 652.87 -1 12 210.6 5.3 11.6 310 -65 -61 2.5 12306 -9 6 247.3 -14 -12 49761 6 21 13.1 -6 -7 41 2306 -27ZF, Germany 647.72 1 15 88.2 5.4 12.9 735 -11 24 6.1 12085 -1 11 197.6 -7 0 61156 7 11 10.6 -6 4 31 n/l n/lMichelin, France 482.41 -13 -13 58.4 3.0 10.2 827 -35 -35 5.2 15862 -3 3 132.1 -1 7 120067 -2 -4 4.0 -11 -9 50 7689 11Fuji Heavy Industries, Japan ƒ 399.14 3 1 137.9 3.3 7.1 289 -33 -9 2.4 12064 5 7 456.9 2 8 26404 3 0 15.1 -1 1 54 2466 -15Hella, Germany 344.82 11 37 146.3 9.1 15.6 236 344 237 6.2 3809 7 19 154.0 11 16 24736 -3 2 13.9 14 35 25 n/l n/lVisteon, USA ƒ 301.85 -15 -38 n/m 4.5 7.6 -252 n/m n/m -3.8 6638 -16 -35 198.1 4 0 33500 -19 -35 9.0 5 -5 n/a 174 -29Johnson Controls, USA ƒ 294.90 -14 -8 28.9 1.1 3.2 1020 -18 4 3.9 26472 10 26 189.1 10 15 140000 0 9 2.1 -14 -16 n/a 10478 -16Toyota Industries, Japan ƒ 281.97 6 17 36.0 1.8 8.6 784 15 55 5.1 15350 7 38 388.3 -3 12 39528 10 24 7.1 -3 -6 32 6201 -5MAHLE, Germany ƒ 276.38 3 16 179.1 5.7 14.0 154 -54 -49 3.2 4847 -1 16 99.2 -10 -8 48847 10 27 5.7 -7 -6 50 n/l n/lMitsubishi Motors, Japan ƒ 265.37 -16 -42 48.5 1.3 4.5 547 110 n/a 2.7 20579 22 20 619.8 24 34 33202 -2 -11 8.0 -15 -35 50 6824 17Autoliv, USA ƒ 255.39 -7 -5 118.3 5.7 10.2 216 -39 -40 4.8 4502 -4 2 132.4 18 14 34000 -19 -11 7.5 14 5 47 1975 0Goodyear, USA ƒ 254.56 -2 -1 82.8 1.9 7.3 307 -42 -34 2.3 13554 -5 -1 181.4 -9 3 74700 4 -5 3.4 -5 4 n/a 2995 -7Toyota Boshoku, Japan ƒ 243.36 20 76 45.5 2.6 6.7 535 37 162 5.6 9467 14 95 351.4 4 n/a 26942 9 n/a 9.0 10 n/a n/a 2466 2Behr, Germany 232.99 5 17 283.9 7.1 7.1 82 -32 -29 2.5 3271 6 10 168.2 1 -2 19448 5 12 12.0 1 5 35 n/l n/lCalsonic Kansei, Japan ƒ 214.32 -3 3 >999 3.4 8.2 3 37 -97 -999 -8.3 4731 -25 -22 150.2 -26 -27 31500 2 5 4.8 -12 -16 46 1670 -29Sumitomo Rubber Industries, Japan ƒ 148.48 6 15 88.2 3.2 12.5 168 -52 -49 3.6 4642 7 16 227.9 -4 7 20369 11 7 7.3 -4 6 20 1694 17Dongfeng Motor, Hong Kong ƒ 147.81 33 n/a 31.9 2.1 7.8 463 18 n/a 6.4 7194 19 n/a 77.5 n/a n/a 92783 n/m n/a 1.6 n/a n/a n/a 6603 n/aDana, USA † ƒ 146.44 11 -12 n/m 2.6 5.8 -359 n/m n/m -6.4 5572 -13 -15 192.1 5 23 29000 -17 -32 5.1 34 30 n/a 312 -31TRW Automotive, USA ƒ 143.27 10 13 n/m 1.4 1.4 -295 -166 -173 -2.8 10429 2 14 160.0 4 11 65200 -2 3 2.2 12 9 n/a 1445 9BorgWarner, USA ƒ 143.07 -2 21 369.3 3.9 10.9 39 -88 -85 1.1 3661 -1 19 265.3 27 45 13800 -22 -18 10.4 25 47 n/a 2455 -24Tokai Rika, Japan ƒ 140.60 3 9 57.0 4.2 8.9 247 15 55 7.3 3376 9 28 228.5 1 5 14776 8 22 9.5 -4 -11 n/a 1258 n/aTognum, Germany 139.21 22 64 39.7 4.6 8.7 351 5 165 11.6 3029 11 47 348.9 0 25 8681 10 20 16.0 11 39 50 1395 -34NGK Spark Plug, Japan ƒ 133.85 7 18 49.5 5.0 19.9 270 -33 2 10.2 2652 0 26 228.6 -10 6 11599 11 19 11.5 -4 -1 60 1900 5Federal-Mogul, USA ƒ 120.53 -3 14 n/m 2.5 7.2 -189 -114 -183 -4.0 4775 -1 7 110.0 14 10 43400 -13 -3 2.8 12 18 n/a 915 -11Yokohama Rubber, Japan ƒ 117.31 4 7 68.1 2.8 7.9 172 -19 3 4.1 4231 11 25 262.8 6 10 16099 4 13 7.3 0 -6 n/a 1234 3ZF Lenksysteme, Germany 113.79 3 38 290.6 4.5 10.8 39 -58 -39 1.6 2508 -1 12 236.4 -8 0 10610 8 12 10.7 -5 24 24 n/l n/lHarley-Davidson, USA ƒ 113.72 -19 -18 15.9 2.9 7.1 716 -28 -30 18.4 3891 -9 -3 418.4 -12 -6 9300 3 4 12.2 -22 -21 27 3704 -43Burelle, France 108.43 17 29 n/m 4.1 7.6 -13 -116 -117 -0.5 2653 -4 13 202.5 2 3 13106 -5 9 8.3 24 19 31 126 -39124 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data125

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)3 Automobiles & parts continuedGKN, UK 97.00 17 15 n/m 2.2 6.6 -82 -134 -123 -1.9 4376 13 20 114.7 12 16 38147 1 3 2.5 16 11 54 1804 7ArvinMeritor, USA ƒ 94.59 10 -14 66.0 1.9 4.3 143 n/a n/a 2.9 4990 -18 -21 252.0 -26 1 19800 10 -25 4.8 0 13 n/a 411 -45Eberspaecher, Germany ƒ 79.85 18 24 99.6 3.7 5.6 80 6 90 3.7 2165 0 21 388.4 -2 22 5575 2 0 14.3 16 24 18 n/l n/lLear, USA ƒ 78.59 -16 -33 n/m 0.8 2.1 -291 -175 -451 -3.1 9438 -15 -20 118.0 -3 4 80000 -12 -24 1.0 -5 -12 n/a 15 -98Toyo Tire, Japan ƒ 73.80 0 -1 105.7 2.7 7.9 70 46 3 2.5 2741 11 25 378.2 8 13 7248 3 10 10.2 -3 -11 n/a 376 -3IMMSI, Italy 71.75 4 13 119.4 4.3 7.2 60 -49 -14 3.6 1679 -6 11 215.0 -6 4 7810 0 8 9.2 3 5 n/a 298 -2Ssangyong Motor, South Korea ƒ 70.61 -19 n/a 379.7 4.1 6.4 19 -54 n/a 1.1 1723 6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 316 n/aNok, Japan ƒ 70.20 14 n/a 19.3 1.7 13.3 364 6 -5 9.0 4038 10 18 120.2 n/a n/a 33588 n/a n/a 2.1 n/a n/a n/a 1567 n/aHyundai Mobis, South Korea ƒ 66.99 31 61 9.7 0.9 4.5 692 23 29 9.0 7647 20 43 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 7073 32Wabco, USA ƒ 64.61 10 n/a 37.2 3.6 6.6 174 4 n/a 9.6 1800 7 n/a 250.0 15 n/a 7200 -6 n/a 9.0 18 n/a 94 882 n/aAmerican Axle & Manufacturing, USA ƒ 59.12 6 11 n/m 4.0 10.7 -733 >-999 >-999 -49.9 1467 -35 -37 202.3 -12 -10 7250 -26 -30 8.2 43 59 6 119 -44Nissin Kogyo, Japan ƒ 56.11 6 18 33.5 3.6 13.7 167 6 36 10.8 1553 8 31 209.5 -3 n/a 7415 11 n/a 7.6 -4 n/a n/a 634 -14Modine Manufacturing, USA ƒ 56.08 -13 26 n/m 5.1 11.6 -66 n/m -264 -6.0 1100 -16 -8 158.2 -2 7 6953 -14 -15 8.1 1 45 n/a 185 -52Showa, Japan ƒ 54.60 2 -1 52.8 2.5 10.0 103 -16 -17 4.8 2174 8 17 199.1 -1 n/a 10921 9 n/a 5.0 -6 n/a 36 339 -2Sanden, Japan ƒ 52.68 9 26 61.1 2.6 6.2 86 52 59 4.3 2024 9 13 238.2 2 3 8494 7 10 6.2 2 15 n/a 293 -22Hankook Tire, South Korea ƒ 52.34 -1 25 50.6 2.1 9.8 104 -25 -25 4.2 2464 24 68 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1680 -2Tenneco, USA ƒ 50.08 -6 20 n/m 1.2 5.2 -2 -101 -101 -0.1 4115 -4 21 195.9 -4 12 21000 0 9 2.4 -6 11 n/a 524 244 Banks (17) 3114.81 35.6 53.4 n/m 1.3 9.9 -12974 -116.3 -119.3 -5.4 240910 -9.4 5.1 154.7 -19.1 -17.7 1557712 11.9 26.1 2.0 21.2 23.2 n/a 456098 -14.3Royal Bank of Scotland, UK 602.00 25 61 n/m 2.1 20.4 -40067 -505 -566 -140.9 28439 -9 5 124.0 -32 -32 229300 34 55 2.6 -7 5 n/a 26013 -33HSBC, UK 531.37 30 60 8.2 0.9 4.1 6473 -62 -56 10.5 61602 1 29 185.9 -2 10 331458 3 17 1.6 27 38 64 112686 9Societe Generale, France 300.66 -1 26 7.8 1.4 24.4 3875 117 -25 18.3 21139 0 9 131.8 -19 -25 160430 23 46 1.9 -20 -9 15 31754 -25UniCredit, Italy 275.28 >999 923 7.4 1.1 7.4 3733 -56 -35 14.8 25300 -1 48 143.6 -12 -6 176144 13 61 1.6 >999 706 2 39462 -28Barclays, UK 274.00 132 234 4.9 1.2 7.4 5602 -17 -2 24.0 23352 -1 18 154.1 -15 -19 151500 18 45 1.8 98 136 n/a 39603 33Intesa Sanpaolo, Italy 167.25 4 13 31.5 1.0 4.0 532 -89 -86 3.1 17174 7 62 156.1 -4 1 110021 12 62 1.5 -8 -30 0 33562 -29Rabobank, The Netherlands 156.61 2 33 5.7 1.4 13.5 2757 -6 4 24.4 11290 9 20 195.8 -1 4 57652 9 16 2.7 -7 14 18 n/l n/lNordea Bank, Sweden 122.78 44 103 3.7 1.5 3.5 3283 -12 3 41.4 7927 4 17 233.5 -2 6 33944 7 11 3.6 35 85 0 28836 7National Australia Bank, Australia ƒ 103.77 -24 -22 6.8 2.3 8.3 1526 -60 -34 33.9 4501 -19 5 113.3 -21 2 39729 2 0 2.6 -26 -24 n/a 33515 n/aKBC, Belgium 103.44 138 113 n/m 2.2 22.0 -2907 -169 -177 -62.3 4666 -64 -61 78.9 -66 -66 59150 6 13 1.7 125 87 0 8523 -66Dexia, Belgium 87.97 -5 64 n/m 2.6 13.2 -3748 -234 -237 -109.0 3439 -48 -44 122.4 -50 -57 28099 4 28 3.1 -9 34 n/a 10762 -3Lloyds TSB (now Lloyds Banking), UK 80.00 70 105 9.9 1.1 15.3 807 -76 -78 11.5 7013 -62 -65 105.5 -60 -59 66473 -4 -14 1.2 78 133 0 27505 n/aDanske Bank, Denmark 77.16 20 46 26.6 1.0 5.5 290 -88 -87 3.7 7843 -13 -7 330.1 -13 -25 23755 1 22 3.2 20 20 n/a 11504 -19Commonwealth Bank of Australia, Australia 63.52 19 n/a 2.1 0.9 4.2 3033 -4 n/a 42.9 7065 9 n/a 178.3 4 n/a 39621 5 n/a 1.6 14 n/a n/a 41856 n/aDnB NOR, Norway 59.00 92 166 4.9 1.7 9.0 1204 -19 -4 35.3 3412 9 26 239.9 0 3 14223 8 23 4.1 78 121 n/a 8343 -28Caixa Geral de Depositos, Portugal 55.86 42 46 8.7 1.6 5.3 640 -38 -12 18.6 3443 13 31 169.2 7 26 20345 5 4 2.7 35 41 8 n/l n/lBank of Ireland, Ireland 54.14 -16 -6 n/m 1.6 3.8 -7 -100 -100 -0.2 3306 -32 -38 208.4 -31 -37 15868 -1 -3 3.4 -16 -5 n/a 2173 -665 Beverages (4) 799.79 43.3 10 7.7 1.1 7.4 10327 -3.1 22.9 14.4 71625 13 29.8 209.5 4.7 -0.8 341860 7.9 38.3 2.3 32.9 5.8 n/a 119483 -0.9Kirin, Japan ƒ 410.03 87 88 36.3 2.8 9.3 1130 21 27 7.7 14754 37 50 403.6 3 -3 36554 33 54 11.2 41 21 n/a 9814 -2PepsiCo, USA ƒ 269.86 7 11 5.3 0.9 6.6 5083 -5 14 16.9 30081 10 27 151.9 2 n/a 198000 7 n/a 1.4 0 n/a n/a 61283 -17Asahi Breweries, Japan ƒ 69.63 5 8 9.9 0.6 3.1 704 1 3 6.3 11223 0 12 686.1 -5 5 16357 5 6 4.3 0 1 n/a 5367 -10Anheuser-Busch Inbev, Belgium 50.27 160 201 1.5 0.3 10.3 3410 -6 45 21.9 15567 12 34 171.2 9 21 90949 3 11 0.6 154 171 63 43019 406 Chemicals (77) 17856.66 7.4 9.1 40.4 2.8 9.2 44217 -18.8 -8.7 7.0 635766 10.7 15.9 423.5 -1 12.8 1351491 0.5 2.3 13.0 5 4.1 n/a 401493 -16.7Bayer, Germany 2634.38 3 16 80.3 8.3 13.4 3281 10 31 10.3 31823 1 8 296.6 -1 3 107299 2 5 24.6 1 11 56 34446 -21BASF, Germany 1326.37 -2 17 21.7 2.2 6.7 6123 -15 4 10.2 60232 8 31 619.1 6 19 97284 1 10 13.6 -3 6 41 31704 -20DuPont, USA ƒ 968.84 4 5 49.6 4.6 11.0 1953 -29 -12 9.2 21233 4 10 353.9 4 10 60000 0 0 16.1 4 5 58 20337 -25Dow Chemical, USA ƒ 911.11 0 15 69.6 2.3 6.2 1310 -57 -63 3.3 40001 7 22 867.7 7 15 46102 1 6 19.8 0 9 68 17602 -15126 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data127

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)6 Chemicals continuedMitsubishi Chemical, Japan ƒ 859.84 23 25 101.7 3.8 9.7 845 -20 -3 3.8 22480 12 28 891.9 22 59 25204 -8 -21 34.1 34 57 n/a 5053 -11Sumitomo Chemical, Japan ƒ 808.70 8 23 107.7 5.6 12.3 751 -34 -18 5.2 14552 6 31 568.7 2 13 25588 4 16 31.6 4 6 n/a 5842 -20Monsanto, USA ƒ 681.60 26 51 33.5 8.5 16.4 2034 114 253 25.3 8053 35 67 371.1 17 26 21700 15 33 31.4 9 14 n/a 30846 -25Syngenta, Switzerland 673.95 17 19 52.1 8.3 12.5 1293 39 116 16.0 8085 26 42 334.8 14 19 24148 10 20 27.9 6 -1 63 15023 -18Solvay, Belgium 558.78 1 13 104.0 6.1 13.2 538 -41 -30 5.9 9174 -1 6 311.7 -5 4 29433 4 2 19.0 -2 11 43 5869 -18Asahi Kasei, Japan ƒ 430.98 7 11 49.4 3.3 7.4 872 -7 24 6.7 13019 4 18 545.8 4 18 23854 1 0 18.1 7 11 n/a 4950 10DSM, The Netherlands 380.90 6 24 48.0 4.2 10.0 793 32 40 8.8 8988 6 12 388.1 3 10 23157 3 2 16.4 3 21 48 4204 -42Shin-Etsu Chemical, Japan ƒ 367.87 15 50 16.2 3.5 22.0 2274 20 66 21.5 10560 5 30 521.7 0 19 20241 6 10 18.2 9 37 33 16196 -7Toray Industries, Japan ƒ 351.62 8 20 51.4 2.8 11.6 684 4 26 5.4 12657 7 23 328.2 1 10 38565 6 12 9.1 3 7 n/a 5754 28Mitsui Chemicals, Japan ƒ 323.25 14 19 69.2 2.4 7.2 467 -33 -10 3.4 13709 6 30 1069.8 3 26 12814 2 3 25.2 11 15 8 2206 -22AKZO Nobel, The Netherlands 322.89 19 -53 n/m 2.2 5.6 -587 -144 -148 -3.9 14902 14 16 243.1 -20 6 61300 43 7 5.3 -16 -54 53 8927 -17PPG Industries, USA ƒ 313.67 33 40 40.2 2.8 5.3 780 -20 -4 7.1 11023 29 47 245.5 0 7 44900 29 38 7.0 3 1 n/a 6260 -11Teijin, Japan ƒ 278.38 3 12 220.6 3.5 11.1 126 -74 -69 1.6 7954 3 11 415.9 2 12 19125 0 -1 14.6 3 14 n/a 2406 15Rohm & Haas, USA(now part of Dow Chemical) ƒ227.43 10 16 44.2 3.4 8.8 515 -24 -24 7.7 6659 7 18 429.9 9 23 15490 -1 -4 14.7 12 21 59 n/l n/lL'Air Liquide, France 185.04 9 24 9.9 1.5 15.7 1878 10 28 14.8 12667 11 23 294.6 4 7 43000 7 15 4.3 2 7 40 18843 -17Nitto Denko, Japan ƒ 169.54 2 18 28.2 3.0 11.9 600 13 9 10.5 5718 10 31 169.9 -19 -24 33663 36 65 5.0 -25 -32 10 3776 0Umicore, Belgium 162.06 35 61 52.8 1.8 4.1 307 16 22 3.5 8864 -4 13 889.2 -9 16 9968 6 -4 16.3 27 66 34 2260 -31Wacker-Chemie, Germany 157.77 7 8 25.9 3.8 22.7 610 2 78 14.7 4155 14 38 263.0 7 29 15798 6 7 10.0 1 1 54 4508 -33Showa Denko, Japan ƒ 154.01 15 12 337.6 2.0 7.4 46 -90 -85 0.6 7702 -2 15 655.2 -5 10 11756 4 5 13.1 11 6 n/a 1675 -15Ciba, Switzerland(now part of BASF, Germany) ƒ150.30 -12 -18 n/m 3.9 8.1 -278 -190 -223 -7.2 3868 -9 -15 310.2 -3 9 12467 -6 -24 12.1 -6 6 56 2201 54JSR, Japan ƒ 146.69 10 19 33.5 4.7 11.4 438 7 30 14.0 3123 11 27 609.6 2 11 5122 9 14 28.6 1 4 4 3226 5Arkema, France 145.01 -5 n/a 82.4 2.7 8.1 176 -7 n/a 3.2 5446 -1 n/a 368.2 2 n/a 14788 -3 n/a 9.8 -2 n/a 42 1343 -33LyondellBasell Industries, Luxembourg ƒ 134.93 44 57 n/m 0.4 2.3 -3993 -569 -783 -11.3 35468 198 296 n/a n/a n/a n/a n/a n/a n/a n/a n/a 62 n/l n/lKaneka, Japan ƒ 127.45 -2 4 49.8 3.3 9.9 256 13 -7 6.6 3859 6 13 514.7 5 6 7498 1 7 17.0 -2 -3 19 1789 23Clariant, Switzerland 120.24 -13 -19 88.0 2.3 5.6 137 -14 -35 2.6 5274 -6 -4 262.4 -2 8 20102 -4 -11 6.0 -9 -8 52 1256 -17DIC, Japan ƒ 119.56 0 2 36.2 1.4 5.0 330 3 4 4.0 8270 6 8 328.7 7 12 25164 -1 -4 4.8 1 5 46 925 -27Kuraray, Japan ƒ 117.01 27 14 40.1 3.7 14.3 292 36 57 9.1 3204 8 15 473.3 9 16 6770 -1 -1 17.3 28 15 27 2932 5Eastman Chemical, USA ƒ 109.89 1 -3 31.2 2.3 11.5 352 13 -8 7.3 4796 -6 -3 456.7 -4 5 10500 -3 -8 10.5 4 5 n/a 2735 -12Huntsman, USA ƒ 107.11 6 40 13.6 1.5 5.6 787 288 116 11.1 7105 -5 -15 563.9 -2 -17 12600 -2 1 8.5 9 39 n/a 1174 -48Saudi Basic Industries, Saudi Arabia ƒ 105.84 8 n/a 1.5 0.4 19.9 7127 36 44 25.5 27948 19 56 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 40616 n/aTosoh, Japan ƒ 104.35 7 23 22.7 1.6 9.6 459 0 31 7.2 6348 6 32 572.5 0 15 11088 5 16 9.4 2 6 n/a 1258 -22UBE Industries, Japan ƒ 104.33 4 11 27.6 1.9 6.3 378 14 120 7.0 5404 7 21 488.7 5 20 11058 2 1 9.4 2 10 11 1891 -26Mitsubishi Gas Chemical, Japan ƒ 104.07 18 25 22.1 2.6 9.3 470 15 60 11.8 3985 8 26 850.3 5 21 4686 3 4 22.2 15 20 7 1939 1Lubrizol, USA ƒ 104.05 1 14 253.1 3.0 7.0 41 -87 -83 1.2 3497 12 27 501.7 11 31 6970 1 -4 14.9 0 17 62 2902 19Linde, Germany 100.54 7 -46 8.1 0.8 11.4 1241 12 44 10.1 12242 0 15 238.2 -2 10 51402 1 4 2.0 6 -49 53 11607 -23Lonza, Switzerland 99.33 21 49 34.5 5.2 26.4 288 6 38 15.0 1919 2 12 237.3 -12 -16 8087 17 33 12.3 3 12 52 3638 -26Sumitomo Bakelite, Japan ƒ 99.06 1 14 >999 5.7 9.8 8 -93 -93 0.5 1728 -12 1 195.7 -8 n/a 8833 -4 n/a 11.2 5 n/a n/a 963 8Mitsubishi Rayon, Japan ƒ 95.98 56 24 38.8 3.0 10.8 248 -46 -11 7.7 3211 0 19 417.1 2 25 7699 -1 -6 12.5 58 31 n/a 1417 30Zeon, Japan ƒ 94.19 5 28 58.3 4.1 14.0 162 -27 16 7.0 2324 8 22 734.1 1 11 3166 7 10 29.8 -2 16 20 798 26Lanxess, Germany 93.77 10 5 29.7 1.5 6.7 316 -8 39 5.0 6357 0 -5 429.6 -2 5 14797 1 -10 6.3 9 17 45 1792 -23Daicel Chemical Industries, Japan ƒ 92.10 2 6 39.5 2.9 14.1 233 -4 65 7.3 3199 9 28 416.3 0 3 7685 9 24 12.0 -6 -15 n/a 1639 16Symrise, Germany 90.76 13 13 50.2 7.1 10.0 181 -4 76 14.2 1276 4 8 247.7 0 6 5152 4 2 17.6 9 11 47 1308 -9Nippon Shokubai, Japan ƒ 85.77 1 11 57.5 3.7 10.5 149 -15 -8 6.4 2322 14 40 705.9 -2 18 3290 16 19 26.1 -13 -7 24 1120 40Tokuyama, Japan ƒ 85.64 4 18 34.7 3.6 12.6 247 8 59 10.5 2359 5 21 466.5 1 12 5057 4 9 16.9 0 9 n/a 1500 22Toyobo, Japan ƒ 83.46 4 12 445.2 2.5 9.5 19 -87 -84 0.6 3310 1 8 285.5 2 n/a 11595 -1 n/a 7.2 6 n/a n/a 943 9Ineos, UK ƒ 83.14 10 194 7.8 0.3 3.1 1061 19 156 4.0 26642 4 194 1889.2 -12 28 14102 18 178 5.9 -6 21 26 n/l n/lNippon Kayaku, Japan ƒ 82.67 -1 9 84.8 7.4 17.3 98 -7 -2 8.8 1112 -2 5 263.4 3 4 4221 -5 1 19.6 4 9 n/a 1074 37128 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data129

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)6 Chemicals continuedJohnson Matthey, UK 82.50 21 36 29.3 1.1 3.3 282 -4 16 3.6 7848 5 35 847.5 -5 16 9260 11 17 8.9 10 16 55 3029 -12Borealis, Austria 80.24 69 89 28.7 1.2 7.9 279 -50 -31 4.3 6474 5 24 1202.3 -1 11 5385 6 13 14.9 59 68 11 n/l n/lRhodia, France 79.27 -27 -35 29.8 1.7 6.5 266 -32 90 5.5 4804 -3 -9 334.7 5 14 14353 -8 -21 5.5 -21 -18 61 806 -42Air Products and Chemicals, USA ƒ 73.52 -25 -23 8.1 1.0 10.9 910 -14 14 12.0 7608 8 26 360.6 13 24 21100 -5 2 3.5 -21 -25 n/a 10858 -19ALTANA, Germany 69.67 7 -80 43.8 5.4 12.7 159 2 -71 12.3 1297 -3 -53 274.4 -6 2 4727 3 -55 14.7 4 -53 43 n/l n/lPraxair, USA ƒ 67.46 -1 13 5.1 0.9 15.8 1321 7 33 17.6 7509 15 35 278.8 19 37 26936 -4 -1 2.5 3 15 n/a 16573 -15Valspar, USA ƒ 67.15 7 18 33.7 2.8 4.0 199 -11 -2 8.2 2422 7 22 257.7 14 12 9400 -6 9 7.1 14 7 n/a 1864 19Avery Dennison, USA ƒ 65.38 -2 7 22.8 1.4 3.3 287 -15 -5 6.1 4667 6 18 130.7 10 -17 35700 -4 38 1.8 2 -25 67 2151 -35FMC, USA ƒ 65.24 -1 -1 19.0 3.0 8.6 343 119 96 15.8 2167 18 36 433.3 18 36 5000 0 0 13.0 -1 -1 66 2605 -29Kemira, Finland 64.19 9 32 141.3 2.3 6.9 45 -63 -65 1.7 2738 1 15 275.1 1 6 9954 -1 9 6.4 10 22 33 1224 19Denki Kagaku Kogyo, Japan ƒ 63.98 -5 -3 32.1 2.5 2.5 200 13 38 7.9 2526 7 22 538.0 8 24 4696 -1 -2 13.6 -4 -1 n/a 1203 25Tokyo Ohka Kogyo, Japan ƒ 62.11 25 31 99.3 7.9 15.7 63 -29 -17 8.0 785 0 10 424.3 -2 n/a 1850 2 n/a 33.6 22 n/a 16 758 31Nippon Paint, Japan ƒ 61.54 14 13 69.4 3.1 7.3 89 -4 4 4.5 1989 15 24 342.1 11 n/a 5814 3 n/a 10.6 10 n/a 11 1059 58Tokai Rubber Industries, Japan ƒ 60.68 5 13 30.8 2.5 11.0 197 8 26 8.2 2394 11 31 202.3 0 5 11836 12 19 5.1 -6 -7 n/a 911 10Ecolab, USA ƒ 59.81 4 20 12.8 1.4 6.7 469 1 14 11.0 4269 12 29 161.1 10 13 26500 2 14 2.3 2 6 n/a 6963 -9Toyo Ink Manufacturing, Japan ƒ 57.95 173 79 86.6 2.9 9.9 67 -37 -24 3.4 1975 5 11 292.8 n/a n/a 6747 n/a n/a 8.6 n/a n/a 6 743 n/aWR Grace, USA ƒ 57.52 4 30 43.6 2.5 6.5 132 31 330 5.7 2307 6 23 366.2 10 27 6300 -3 -3 9.1 7 34 64 903 -31Adeka, Japan ƒ 56.89 6 13 47.7 3.9 9.4 119 19 21 8.1 1473 10 21 576.3 4 n/a 2556 6 n/a 22.3 0 n/a n/a 657 23NewMarket, USA ƒ 56.86 6 18 72.1 5.1 7.0 79 -2 24 7.0 1125 18 40 878.9 12 28 1280 5 10 44.4 1 7 61 840 21Cytec Industries, USA ƒ 56.75 8 26 n/m 2.2 7.6 -82 -136 -150 -3.2 2532 4 27 377.8 5 21 6700 -1 6 8.5 9 20 55 930 -47Celanese, USA ƒ 55.64 10 -11 20.8 1.2 5.2 268 -53 -42 5.6 4745 3 3 568.3 3 10 8350 -1 -6 6.7 10 -4 72 2730 -28Cognis Deutschland, Germany 54.14 -13 -22 27.5 1.4 3.7 197 14 50 5.2 3797 12 20 640.9 44 58 5925 -22 -24 9.1 13 4 n/a n/l n/lCabot, USA ƒ 51.47 7 24 49.0 2.3 8.6 105 -18 35 4.7 2219 22 38 516.1 22 39 4300 0 -1 12.0 7 25 n/a 918 -22Hexion Specialty Chemicals, USA ƒ 50.77 4 32 n/m 1.2 3.4 -625 -409 -553 -14.7 4238 5 42 623.2 -1 19 6800 6 20 7.5 -2 13 n/a n/l n/lKureha, Japan ƒ 50.20 -5 -3 60.6 4.4 4.4 83 10 34 7.2 1149 2 9 296.0 -1 7 3882 4 2 12.9 -8 -6 11 798 9Ishihara Sangyo Kaisha, Japan ƒ 49.54 1 6 94.7 5.5 10.1 52 n/a n/a 5.8 900 10 17 485.9 10 17 1852 0 0 26.8 1 6 33 300 -267 Construction & materials (22) 2591.26 15.5 10.5 17.8 1.0 7.1 14524 1.3 16.4 5.5 263643 8.4 15.3 231.5 9.3 2.2 1129486 4 1.5 2.2 12.3 -11.4 n/a 101623 -19.5Saint-Gobain, France 372.20 -4 9 13.9 0.9 5.8 2680 0 3 6.3 42343 1 15 203.5 1 8 208053 0 7 1.8 -4 2 30 15133 -11Asahi Glass, Japan ƒ 289.26 11 17 34.4 2.6 20.2 841 10 39 7.6 11082 -14 -8 232.0 -11 4 47770 -4 -12 6.1 16 33 33 7312 -16Daikin Industries, Japan ƒ 246.10 18 25 25.6 2.5 6.2 962 54 90 9.7 9905 42 69 272.9 31 3 36300 8 58 6.8 9 -25 38 7673 5China Railway Construction, China 178.99 516 n/a 41.0 0.8 5.9 437 6 n/a 2.0 22366 28 n/a 117.4 21 n/a 190545 5 n/a 0.9 487 n/a n/a 12377 n/aHilti, Liechtenstein 166.83 10 24 56.7 5.4 9.8 294 -8 19 9.6 3071 1 20 150.2 -7 -1 20450 8 21 8.2 2 2 34 n/l n/lBouygues, France 134.38 -1 3 5.8 0.4 5.6 2312 1 27 7.3 31625 10 28 214.0 0 7 147752 10 20 0.9 -11 -14 16 10947 -31JS, Japan ƒ 120.12 1 4 46.7 1.4 4.8 257 -44 -31 3.0 8469 -2 7 266.0 -4 1 31838 2 6 3.8 -1 -1 n/a 3609 26Nippon Sheet Glass, Japan ƒ 119.05 14 68 47.3 1.8 6.5 251 108 196 3.8 6641 27 134 203.8 40 24 32587 -9 81 3.7 25 -18 63 1792 -5China Communications Construction, China 110.81 290 n/a 9.5 0.6 9.1 1172 12 n/a 6.4 18236 19 n/a 196.0 11 n/a 93019 7 n/a 1.2 264 n/a n/a 13091 n/aToto, Japan ƒ 92.08 2 3 67.0 2.4 5.9 137 -12 -26 3.6 3844 -2 2 183.0 -5 -8 21005 3 11 4.4 0 -8 6 1772 0Cemex, Mexico ƒ 80.07 n/a n/a n/m 0.7 10.2 -365 n/a n/a -3.0 12215 n/a n/a 215.1 n/a n/a 56791 n/a n/a 1.4 n/a n/a n/a n/a n/aAssa Abloy, Sweden 78.28 15 38 21.2 2.5 4.5 370 -22 2 12.0 3071 4 18 93.9 3 11 32723 1 7 2.4 13 29 54 3850 4Kajima, Japan ƒ 73.97 6 -3 28.4 0.5 2.1 261 -26 8 1.8 14534 0 9 973.2 n/a n/a 14934 n/a n/a 5.0 n/a n/a 10 2197 -3Taisei, Japan ƒ 71.31 2 1 24.3 0.5 1.1 293 65 42 2.2 13133 -9 -1 849.5 -5 3 15460 -4 -6 4.6 6 8 1 1701 -3Schott, Germany 69.10 -8 -27 29.6 3.2 16.2 233 n/a 177 10.8 2157 3 7 126.1 2 8 17113 1 -1 4.0 -9 -26 41 n/l n/lAcciona, Spain 68.93 83 307 4.2 0.6 24.3 1633 88 165 13.3 12244 59 119 295.4 37 59 41448 16 38 1.7 57 231 n/a 5609 -38Shimizu, Japan ƒ 65.45 -1 9 20.8 0.5 1.9 314 -11 -4 2.4 12929 2 9 1078.0 4 13 11993 -2 -3 5.5 1 12 n/a 2272 4Obayashi, Japan ƒ 53.31 2 -5 32.3 0.4 2.7 165 -45 -42 1.3 12979 8 17 860.2 -2 n/a 15088 10 n/a 3.5 -7 n/a 10 2326 6Hanjin Heavy Industries, South Korea ƒ 52.09 -23 n/a 21.5 2.5 6.5 242 44 n/a 11.4 2125 11 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 872 n/a130 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data131

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)7 Construction & materials continuedHeidelbergCement, Germany 50.85 12 18 3.0 0.4 7.7 1673 -16 43 12.0 13897 18 59 220.9 4 18 62916 13 36 0.8 -1 -15 47 4307 -57Fortune Brands, USA ƒ 49.52 -12 -1 16.6 0.9 3.3 299 -70 -68 5.6 5292 -14 -7 195.3 -1 11 27100 -13 -16 1.8 1 18 23 4129 -34Central Glass, Japan ƒ 48.57 -5 5 79.6 3.3 11.3 61 -54 -58 4.1 1483 0 1 322.2 2 -2 4601 -1 3 10.6 -3 2 18 658 178 Electricity (13) 2390.34 7.8 10.4 8.6 0.8 16.6 27923 -25.7 -20.4 9.1 306872 14.1 25 537.3 7.7 16 571175 5.9 7.8 4.2 1.8 6.5 n/a 211150 -24.8AREVA, France 535.58 -3 25 103.2 4.2 13.0 519 -40 -27 4.1 12722 10 23 168.7 -4 0 75414 15 24 7.1 -15 2 43 555 -48Electricite de France, France 407.00 12 6 6.6 0.7 15.3 6139 -18 -14 9.9 62141 8 19 398.5 6 19 155931 1 0 2.6 11 6 0 62555 -41Korea Electric Power, South Korea ƒ 341.27 3 21 n/m 2.0 30.2 -1396 -183 -167 -8.0 17428 8 19 451.5 5 11 38599 3 7 8.8 0 13 n/a 11454 -21Tokyo Electric Power, Japan ƒ 297.69 16 10 n/m 0.7 12.6 -733 -116 -117 -1.7 42042 4 7 803.6 4 7 52319 -1 0 5.7 16 10 n/a 23725 -9Vattenfall, Sweden 150.58 52 76 5.7 1.0 21.3 2629 5 21 18.2 14473 15 24 441.2 13 22 32801 1 1 4.6 50 74 n/a n/l n/lKansai Electric Power, Japan ƒ 150.51 -6 -11 10.1 0.7 13.4 1487 -34 -34 7.2 20634 4 4 686.9 3 10 30040 1 -6 5.0 -7 -5 n/a 14480 -5Chubu Electric Power, Japan ƒ 107.77 -2 -13 8.4 0.6 10.8 1289 -27 -38 6.9 18667 10 13 1166.6 10 17 16001 0 -4 6.7 -1 -9 n/a 12497 -3Kyushu Electric Power, Japan ƒ 75.13 3 -2 9.0 0.7 17.0 839 -28 -37 7.4 11374 5 6 603.1 1 5 18860 4 1 4.0 -1 -2 n/a 7054 -2Iberdrola, Spain 70.67 12 25 1.7 0.3 34.0 4131 16 60 17.0 24358 44 106 867.0 19 37 28096 21 52 2.5 -7 -16 21 31362 -29Tohoku Electric Power, Japan ƒ 70.53 2 -4 11.2 0.5 13.5 628 -41 -43 4.5 13831 4 10 621.2 5 5 22266 -1 4 3.2 2 -8 n/a 7187 -7Enel, Italy 65.74 89 224 0.7 0.1 10.4 8807 33 63 15.2 57893 40 66 771.6 15 33 75027 22 25 0.9 55 157 10 36874 -11Electric Power Development, Japan ƒ 61.54 25 22 12.1 1.4 23.3 508 -14 -36 11.4 4456 3 0 683.1 2 -8 6524 0 8 9.4 24 12 n/a 3407 -16Hydro-Quebec, Canada ƒ 56.34 0 2 1.8 0.8 31.7 3075 -12 -2 44.9 6852 -1 5 355.1 -1 4 19297 -1 1 2.9 1 2 n/a n/l n/l9 Electronic & electrical equipment (82) 27657.28 8.4 16.4 66.0 4.3 10.7 41927 -21 2.8 6.5 643092 5.3 21 165.3 -7.8 -10.2 2708063 8.4 18.5 7.8 -2.3 -10.1 n/a 455734 -17Samsung Electronics, South Korea ƒ 3851.47 15 26 105.4 5.8 17.4 3655 -30 -32 5.5 66979 23 40 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 66548 4Siemens, Germany 3708.43 14 -9 255.7 4.7 8.4 1450 -65 -58 1.8 79586 -9 0 189.1 -14 -5 420800 6 4 8.8 8 -12 n/a 51580 -32Canon, Japan ƒ 2869.79 2 21 80.9 9.1 19.6 3549 -40 -29 11.3 31413 -9 3 188.1 -28 -27 166980 27 41 17.2 -20 -14 61 33165 -23Sharp, Japan ƒ 1505.28 3 24 126.9 5.7 16.4 1186 -3 16 4.5 26223 9 28 488.3 0 12 53708 10 14 28.0 -6 9 35 8747 -13LG, South Korea ƒ 1260.71 21 51 46.1 2.5 11.6 2734 2 34 5.5 49821 18 32 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 7314 n/aMitsubishi Electric, Japan ƒ 1053.39 3 10 57.6 3.4 7.0 1828 31 79 5.9 31073 5 14 294.1 2 8 105651 3 6 10.0 1 4 n/a 11539 -10ABB, Switzerland ƒ 804.70 22 45 25.8 3.3 3.3 3114 11 106 12.8 24304 15 42 202.5 8 26 120000 7 13 6.7 14 29 55 29621 -28Schneider, France 684.46 5 21 27.4 3.9 6.2 2496 8 43 14.1 17702 6 38 140.0 0 8 126481 6 29 5.4 -1 -7 56 16455 -12Sumitomo Electric, Japan ƒ 554.52 6 18 44.6 2.8 7.6 1244 12 62 6.4 19495 7 32 126.8 -7 -3 153725 15 37 3.6 -8 -15 n/a 7185 16Sanyo Electric, Japan ƒ 550.88 -44 -44 113.8 3.4 7.3 484 n/a n/a 3.0 15985 -6 -14 160.1 -11 -19 99875 5 5 5.5 -46 -47 n/a 3154 18Danaher, USA ƒ 504.55 21 69 38.8 5.7 7.2 1300 7 33 14.7 8831 14 43 175.6 14 21 50300 1 18 10.0 20 45 n/a 13365 -27Hon Hai Precision Industry, Taiwan ƒ 501.44 54 126 32.9 1.2 4.8 1525 -22 14 3.7 41338 15 74 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 19485 -16Agilent Technologies, USA ƒ 489.64 3 -6 85.3 12.2 14.9 574 44 78 14.3 4016 7 -6 204.9 n/a n/a 19600 n/a n/a 25.0 n/a n/a n/a 5741 -37Kyocera, Japan ƒ 472.68 1 12 38.6 4.8 10.3 1223 14 40 12.4 9901 0 8 148.9 -4 -2 66496 5 10 7.1 -4 2 n/a 10909 -6Pioneer, Japan ƒ 455.72 0 3 n/m 7.7 13.1 -100 n/m n/m -1.7 5942 -4 2 138.9 -16 -9 42775 14 12 10.7 -12 -8 n/a 437 -63TDK, Japan ƒ 440.31 15 38 77.7 6.6 16.4 567 -9 14 8.5 6647 0 17 110.4 -14 -14 60212 17 34 7.3 -2 2 18 5131 -7Omron, Japan ƒ 395.30 -1 1 81.2 6.8 11.7 487 -10 36 8.3 5854 4 19 165.3 -5 -8 35426 9 30 11.2 -9 -23 n/a 2644 -13Tyco Electronics, Bermuda ƒ 368.62 n/a n/a 22.9 3.6 7.7 1609 n/a n/a 15.6 10317 n/a n/a 107.5 n/a n/a 96000 n/a n/a 3.8 n/a n/a 0 7254 n/aAlps Electric, Japan ƒ 324.22 -10 -1 n/m 6.1 11.7 -14 -109 -105 -0.3 5315 -2 3 128.9 -12 -14 41224 11 20 7.9 -19 -17 44 788 -34Emerson Electric, USA ƒ 318.54 15 19 12.3 1.8 4.7 2589 12 41 15.0 17253 10 31 122.6 8 14 140700 2 15 2.3 13 1 54 18395 -30Yokogawa Electric, Japan ƒ 313.63 13 33 244.3 9.3 17.5 128 -26 22 3.8 3356 1 11 165.6 -4 2 20266 5 9 15.5 7 22 20 1595 5Fuji Electric, Japan ƒ 239.85 -4 7 95.8 3.4 7.2 250 -20 34 3.5 7076 2 5 276.0 0 3 25634 1 3 9.4 -5 4 4 980 -26Nidec, Japan ƒ 230.95 -8 25 39.9 4.1 8.9 579 21 55 10.2 5694 18 54 58.8 8 23 96897 9 27 2.4 -16 0 n/a 7320 2Elpida Memory, Japan ƒ 229.74 3 27 n/m 7.4 55.2 -259 -153 -393 -8.3 3111 -17 56 894.8 -23 21 3477 8 37 66.1 -4 -7 25 1438 -45HTC, Taiwan ƒ 198.19 152 238 30.9 6.1 9.8 641 -2 67 19.8 3229 29 84 345.2 -1 n/a 9353 30 n/a 21.2 94 n/a 75 5714 -41Legrand, France 176.82 4 -2 28.5 4.4 7.2 621 -3 35 15.3 4063 2 20 116.6 -5 2 34830 8 18 5.1 -3 -19 33 4557 -4Agfa-Gevaert, Belgium 173.05 -11 -10 n/m 5.9 7.5 -44 -142 -140 -1.5 2931 -8 -12 234.8 0 3 12486 -8 -15 13.9 -3 5 45 410 -37Samsung Electro-Mechanics, South Korea ƒ 159.70 0 10 192.0 10.7 19.7 83 32 467 5.6 1486 12 10 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3206 83Compal Electronics, Taiwan ƒ 159.47 42 80 50.6 1.6 3.0 315 -12 10 3.1 10146 -4 39 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2679 -4132 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data133

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)9 Electronic & electrical equipment continuedChi Mei Optoelectronic, Taiwan ƒ 147.05 -2 42 451.1 2.2 36.0 33 -97 -93 0.5 6742 5 64 179.2 -52 -31 37623 117 142 3.9 -55 -40 n/a 2755 -35Kudelski, Switzerland 144.77 5 24 964.6 21.6 27.5 15 -72 -76 2.2 671 11 41 253.3 8 -4 2651 3 45 54.6 2 -16 39 656 38Fanuc, Japan ƒ 143.71 10 20 9.1 4.0 9.1 1578 20 55 43.9 3594 12 34 734.3 7 20 4894 4 12 29.4 6 6 35 13587 1TomTom, The Netherlands 138.59 113 375 n/m 8.6 10.3 -787 -290 -423 -48.6 1618 -4 67 598.7 -62 -66 2703 151 398 51.3 -15 10 31 1767 -14Hitachi Kokusai Electric, Japan ƒ 136.72 24 39 105.0 9.0 12.2 130 11 75 8.6 1519 2 21 310.3 n/a n/a 4895 n/a n/a 27.9 n/a n/a n/a 555 1Delta Electronics, Taiwan ƒ 136.63 26 53 50.6 4.6 10.2 270 -23 17 9.0 2997 9 52 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4291 0Hoya, Japan ƒ 133.61 17 40 17.9 3.6 11.7 748 -7 14 20.2 3695 23 47 104.0 -1 -5 35545 25 53 3.8 -7 -9 31 6709 9Rockwell Automation, USA ƒ 133.05 34 36 22.7 3.4 6.0 587 -1 8 14.8 3963 7 12 188.7 2 13 21000 5 -1 6.3 27 37 43 3949 -21Tatung, Taiwan ƒ 124.62 -24 16 n/m 3.1 3.1 -315 -233 n/m -7.9 3968 -18 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 778 -35Molex, USA ƒ 114.06 3 19 49.8 4.9 12.0 229 0 23 9.9 2315 2 22 72.0 5 7 32160 -3 12 3.5 6 4 n/a 2082 -23Funai Electric, Japan ƒ 113.47 5 14 n/m 5.3 7.1 -35 -123 -116 -1.6 2127 -30 -25 809.2 -12 7 2628 -21 -30 43.2 33 63 82 940 53AU Optronics, Taiwan ƒ 113.07 -9 4 17.8 1.3 24.5 637 -53 -1 7.1 8985 -12 46 207.7 0 14 43267 -12 29 2.6 3 -28 n/a 6600 -8Anritsu, Japan ƒ 108.30 0 20 n/m 14.0 16.5 -17 -155 -185 -2.2 771 1 14 194.6 2 9 3963 -1 4 27.3 1 16 38 362 46Fujikura, Japan ƒ 107.33 14 17 90.3 2.1 7.6 119 -53 -8 2.3 5060 21 52 102.3 7 2 49448 13 49 2.2 1 -24 n/a 1405 12National Instruments, USA ƒ 106.15 13 37 159.2 18.6 21.7 67 -6 17 11.7 571 11 32 110.7 0 3 5157 11 28 20.6 2 7 n/a 1356 -27Trimble Navigation, USA ƒ 103.12 13 49 77.8 11.2 12.4 133 1 42 14.3 924 9 47 234.6 0 4 3940 9 42 26.2 3 5 51 2053 -26BYD, China ƒ 102.77 13 140 58.9 3.8 24.9 175 -22 24 6.4 2731 26 128 21.0 17 38 130000 8 70 0.8 4 46 13 8270 n/aCooper Industries, USA ƒ 98.62 34 71 16.2 2.2 4.3 610 0 33 13.5 4536 10 29 145.4 12 22 31202 -1 6 3.2 35 63 n/a 3765 -39Gemalto, The Netherlands 95.09 -7 35 75.9 5.9 8.6 125 n/a >999 7.8 1604 2 52 160.4 2 17 10000 0 30 9.5 -7 3 45 2260 -5CommScope, USA ƒ 93.74 293 322 n/m 3.4 4.8 -66 -133 -170 -2.4 2794 108 164 186.2 115 1 15000 -3 109 6.2 306 54 51 1760 -22Chunghwa Picture Tubes, Taiwan ƒ 92.25 -30 3 n/m 3.7 11.4 -269 -214 -791 -10.7 2511 -26 -6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 803 -44Endress & Hauser, Switzerland 85.84 18 19 56.6 7.3 15.6 152 7 48 13.0 1171 9 29 138.8 1 7 8434 7 21 10.2 9 -2 37 n/l n/lLeoni, Germany 84.12 58 84 171.0 3.0 8.0 49 -61 -52 1.7 2815 23 60 53.7 -17 -1 52444 49 64 1.6 6 11 n/a 472 -46Itron, USA ƒ 83.95 27 97 113.0 6.3 9.6 74 128 170 5.6 1328 30 150 152.7 26 -3 8700 4 134 9.6 23 -31 n/a 1457 -38Citizen, Japan ƒ 82.87 -22 -3 53.8 3.2 11.0 154 30 -34 6.0 2583 0 -4 116.7 -13 -20 22127 15 20 3.7 -32 -19 26 1468 -16Ibiden, Japan ƒ 82.76 24 63 15.8 2.6 15.3 525 -1 84 16.5 3173 4 39 249.9 -3 1 12695 7 27 6.5 16 18 33 3476 -1HORIBA, Japan ƒ 81.81 13 43 97.9 7.9 11.5 84 -27 -9 8.1 1030 -7 8 200.2 -10 -4 5146 3 14 15.9 9 27 51 671 7Techtronic Industries, Hong Kong ƒ 80.43 21 51 135.6 3.4 6.1 59 75 -43 2.5 2389 7 25 123.4 31 42 19354 -18 -12 4.2 48 72 96 974 4Hamamatsu Photonics, Japan ƒ 77.96 5 11 50.0 10.3 19.0 156 3 46 20.6 758 3 21 201.5 -2 8 3762 5 12 20.7 0 0 49 1156 -22Yamatake, Japan ƒ 75.53 12 18 58.3 4.0 5.8 129 -5 56 6.8 1907 6 29 229.4 4 17 8315 2 10 9.1 11 6 n/a 1063 -11Barco, Belgium 75.37 -4 3 n/m 10.0 11.1 -21 -134 -142 -2.8 753 -6 5 206.5 -13 15 3644 8 -11 20.7 -11 13 n/a 426 11PerkinElmer, USA ƒ 75.16 -3 12 64.6 5.6 7.8 116 4 3 8.6 1348 8 15 170.6 19 28 7900 -9 -10 9.5 7 24 61 1428 -40EPCOS, Germany 75.06 21 10 76.3 5.3 14.5 98 26 450 6.9 1429 2 9 67.4 -12 -13 21195 16 25 3.5 5 -12 36 1223 3Yaskawa Electric, Japan ƒ 74.73 16 23 26.3 2.5 4.9 285 34 141 9.7 2933 4 21 351.4 0 13 8347 4 7 9.0 12 14 29 1264 -10Sick, Germany 69.69 8 28 103.6 9.8 13.7 67 -1 18 9.4 713 4 19 141.7 -5 0 5031 9 19 13.9 -1 8 30 n/l n/lShimadzu, Japan ƒ 67.48 2 11 34.4 3.0 3.0 196 9 44 8.8 2225 10 21 n/a n/a n/a n/a n/a n/a n/a n/a n/a 18 1518 -22TPO Displays, Taiwan ƒ 67.20 19 60 n/m 9.5 9.5 -41 n/m n/m -5.8 705 -11 27 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 420 n/aUlvac, Japan ƒ 65.88 -3 26 106.1 3.6 14.9 62 -43 -35 3.4 1851 1 20 269.3 -19 -20 6872 24 49 9.6 -22 -15 4 867 -2Ingenico, France 65.31 46 59 117.5 9.3 11.1 56 3 290 7.9 704 28 50 280.7 -25 -22 2507 71 93 26.0 -14 -18 44 724 -17Japan Radio, Japan ƒ 64.68 19 -43 201.5 6.4 7.2 32 3 n/a 3.2 1011 4 -35 269.7 4 0 3751 1 -40 17.2 18 -9 10 243 5Energizer, USA ƒ 63.78 30 27 13.7 2.1 5.8 467 31 50 15.5 3012 29 41 183.6 29 27 16410 0 11 3.9 30 13 n/a 3278 9Keyence, Japan ƒ 62.74 21 50 7.9 4.1 5.9 791 7 31 51.4 1540 10 34 526.4 0 n/a 2925 10 n/a 21.5 10 n/a n/a 7066 -2Nexans, France 60.91 5 18 30.0 0.9 3.7 203 -41 0 3.1 6573 -8 7 279.9 -14 -5 23480 7 14 2.6 -2 4 49 933 -57Roper Industries, USA ƒ 60.79 29 60 17.7 3.8 5.1 343 13 63 21.4 1604 10 48 203.1 -1 22 7900 11 23 7.7 16 31 n/a 2950 -22Novatek Microelectronics, Taiwan ƒ 60.47 78 106 79.1 10.9 10.9 76 -52 -43 13.8 555 -28 -16 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1062 27Zebra Technologies, USA ƒ 59.20 48 80 n/m 8.7 12.9 -12 -112 -112 -1.7 679 12 31 212.3 12 10 3200 0 19 18.5 48 52 55 1024 -26Spectris, UK 57.00 26 28 50.1 7.2 9.9 114 11 46 14.5 787 18 20 137.7 15 22 5717 3 -2 10.0 23 30 58 679 -20Powerwave Technologies, USA ƒ 54.01 -9 17 n/m 8.7 10.2 -241 n/m n/m -38.9 619 14 26 263.9 21 60 2346 -6 -29 23.0 -3 44 71 117 -74134 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data135

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)9 Electronic & electrical equipment continuedMiTAC International, Taiwan ƒ 53.71 -1 25 >999 3.9 3.9 5 -96 -95 0.4 1365 -28 -21 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 481 -29Orbotech, Israel ƒ 53.28 13 31 n/m 17.8 20.4 -100 n/m -578 -33.5 299 19 17 176.5 13 8 1693 5 8 31.5 7 22 25 242 -12Coherent, USA ƒ 51.67 0 11 300.8 12.4 16.2 17 114 -13 4.1 417 0 9 193.9 8 16 2149 -8 -5 24.0 8 18 68 369 -37Samsung C&T, South Korea ƒ 51.42 23 n/a 21.8 0.5 1.6 236 -39 -32 2.1 11311 25 28 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4388 n/aJEOL, Japan ƒ 49.77 8 32 393.6 6.9 13.4 13 n/a n/a 1.8 720 -8 2 236.4 -9 n/a 3047 1 n/a 16.3 7 n/a n/a 240 n/a10 Equity investment instruments (0) n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo companies with sufficient R&D for inclusion n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a11 Financial services (4) 301.05 -1.3 25.6 15.9 3.2 7.6 1888 3.6 36.8 19.9 9499 4.1 53 157.1 -4.3 -24.6 60444 8.8 67.7 5.0 -9.3 -47.3 n/a 14759 -32.7Deutsche Borse, Germany 101.12 -6 12 7.0 3.9 5.9 1449 25 79 55.7 2602 10 39 779.4 0 28 3339 9 9 30.3 -14 3 n/a 10029 -28SEI Investments, USA ƒ 81.72 -17 -7 54.7 9.4 11.5 149 -46 -40 17.2 868 -9 24 384.0 -6 21 2260 -3 4 36.2 -15 -10 n/a 2535 -17Wendel, France 62.36 23 120 41.9 1.1 7.1 149 -40 -34 2.7 5498 4 67 102.7 -5 -30 53522 9 79 1.2 13 -24 n/a 1468 -64Investment Technology, USA ƒ 55.85 16 65 39.6 10.5 14.0 141 2 48 26.6 531 4 47 401.1 -4 3 1323 9 45 42.2 7 15 n/a 727 -2112 Fixed line telecommunications (14) 7859.31 5.6 24.6 10.7 1.7 13.6 73607 2.9 12 15.9 463635 2 16.6 248.7 0.6 7.2 1864286 1.4 9 4.2 4.2 14.7 n/a 555932 -6.4NTT, Japan ƒ 2079.74 0 -14 19.6 2.5 14.3 10634 18 6 13.0 81951 -1 -2 422.8 2 2 193831 -3 -4 10.7 3 -10 n/a 136295 32BT, UK 1119.00 -11 24 250.3 5.2 15.7 447 -81 -83 2.1 21390 3 8 193.4 1 2 110600 2 6 10.1 -12 17 7 10401 -24France Telecom, France 870.07 1 18 8.8 1.7 11.8 9920 2 16 19.2 51709 1 7 282.9 2 12 182793 -1 -5 4.8 1 23 n/a 45417 -18Telstra, Australia ƒ 731.26 8 98 24.4 6.1 19.7 2994 8 1 24.9 12040 5 10 258.1 7 4 46649 -2 5 15.7 10 93 n/a 26255 -12Telecom Italia, Italy 680.59 477 357 13.3 2.3 11.4 5112 -9 -25 17.4 29455 -3 -3 387.4 -1 3 76028 -2 -5 9.0 487 384 18 18379 -13Telefonica, Spain 645.79 12 47 5.0 1.2 12.8 12928 25 55 23.1 56019 3 30 222.5 0 8 251775 3 22 2.6 9 27 38 79192 -3Deutsche Telekom, Germany 593.58 12 29 9.9 1.0 13.0 6010 26 -1 10.1 59615 -1 2 253.8 2 7 234887 -4 -4 2.5 16 35 25 38405 -26AT&T, USA ƒ 578.66 -16 134 3.6 0.7 16.5 16139 8 96 18.7 86262 4 86 286.6 7 53 301000 -3 25 1.9 -13 115 n/a 104434 -18KT, South Korea ƒ 211.64 -5 3 20.6 2.0 19.1 1026 1 -14 9.5 10848 5 11 309.4 11 23 35063 -5 -10 6.0 0 14 n/a 5816 -27TeliaSonera, Sweden 99.12 -44 -56 3.9 1.1 13.8 2519 10 31 27.7 9111 8 16 303.3 2 5 30037 6 11 3.3 -47 -60 13 19375 -13KPN, The Netherlands 72.51 -19 95 3.1 0.5 11.0 2351 4 4 16.9 13947 16 20 347.7 -15 -16 40116 37 43 1.8 -41 39 12 17272 -20Chunghwa Telecom, Taiwan ƒ 66.63 22 20 5.4 1.6 16.5 1237 -7 3 29.0 4274 0 7 157.3 -11 3 27165 13 3 2.5 8 17 n/a 12752 -24Swisscom, Switzerland 60.77 24 52 3.5 0.8 13.4 1752 5 3 22.0 7971 10 20 402.6 4 1 19801 6 19 3.1 17 28 0 12234 2China Telecom, China 49.95 -6 57 9.3 0.3 1.3 536 -85 -86 2.8 19042 5 9 60.5 -5 -11 314541 10 23 0.2 -15 30 n/a 29705 013 Food & drug retailers (3) 602.98 22.7 49 11.5 0.3 2.8 5261 10.6 22.5 2.7 191845 6.9 21.4 349.7 1.4 4.5 548608 5.4 16.4 1.1 16.4 29.1 n/a 47339 -12.5McKesson, USA ƒ 304.63 4 35 38.0 0.4 0.6 802 -24 22 1.1 74163 5 17 2281.9 6 5 32500 -1 12 9.4 6 22 8 10181 -3Tesco, UK 192.00 50 68 6.2 0.4 8.4 3080 15 29 5.7 54327 15 33 116.0 9 11 468508 5 20 0.4 42 41 13 28919 -4Cardinal Health, USA ƒ 106.34 49 63 7.7 0.2 0.6 1379 34 11 2.2 63355 3 17 1331.0 -6 26 47600 9 -9 2.2 36 76 n/a 8239 -3814 Food producers (17) 4334.23 12.7 18.5 16.9 1.9 5.9 25636 -2.7 5.1 11.4 225188 3.8 7.4 254.1 4.8 15.8 886152 -0.9 -4.7 4.9 13.7 21.8 n/a 266578 -11.8Nestle, Switzerland 1528.46 25 43 15.9 2.1 6.6 9614 -4 16 13.4 71821 2 14 253.8 0 5 283000 3 9 5.4 22 32 n/a 99962 -16Unilever, UK 896.17 7 0 18.1 2.3 5.2 4938 0 3 12.6 39175 1 2 225.1 1 16 174000 -1 -13 5.2 7 14 n/a 57829 -1Kraft Foods, USA ƒ 347.06 12 n/a 12.1 1.2 4.4 2869 -6 n/a 9.6 29814 15 n/a 304.2 21 n/a 98000 -5 n/a 3.5 17 n/a n/a 28827 -15Ajinomoto, Japan ƒ 252.23 4 11 60.9 2.7 7.8 414 2 -7 4.4 9334 5 11 360.5 0 9 25893 5 2 9.7 -1 8 19 4702 -1Danone, France 191.42 39 52 8.2 1.3 5.8 2327 16 41 15.8 14714 4 12 183.6 -2 18 80143 5 -6 2.4 32 60 n/a 23393 -12General Mills, USA ƒ 144.67 2 13 9.3 1.4 5.2 1557 1 4 15.2 10218 8 20 340.6 6 14 30000 2 5 4.8 0 7 n/a 13075 -15Kerry, Ireland 142.55 2 13 52.4 3.1 6.5 272 -18 -14 5.9 4631 0 7 207.6 0 8 22312 0 -2 6.4 2 15 38 3078 -11Kellogg, USA ƒ 125.89 1 4 9.4 1.4 5.0 1333 3 9 14.9 8918 9 21 275.2 -11 -4 32400 22 26 3.9 -17 -18 n/a 12265 -13Meiji Seika Kaisha (now Meiji), Japan ƒ 113.30 -7 -11 126.0 3.6 8.8 90 -4 129 2.9 3105 3 7 479.1 -1 n/a 6481 3 n/a 17.5 -10 n/a n/a 2059 66Vilmorin, France 106.15 10 102 94.6 12.2 15.1 112 23 96 12.9 867 -4 48 196.5 11 21 4413 -14 24 24.1 27 71 39 927 -29Danisco, Denmark 93.39 0 0 118.5 3.9 9.7 79 -64 -65 3.3 2406 -3 -5 267.8 5 6 8986 -8 -10 10.4 9 12 n/a 1618 -29Campbell Soup, USA ƒ 79.98 3 15 10.0 1.4 4.9 798 -9 -5 13.7 5836 6 11 300.8 23 35 19400 -14 -18 4.1 19 40 n/a 7456 -20136 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data137

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)14 Food producers continuedKWS SAAT, Germany 76.33 7 44 106.7 13.2 17.8 72 20 43 12.4 579 11 21 202.8 7 11 2856 4 9 26.7 3 34 31 811 -5Yakult Honsha, Japan ƒ 68.69 33 33 29.6 2.8 10.9 232 8 19 9.5 2435 16 24 153.9 13 14 15822 3 8 4.3 29 23 n/a 2700 -21Cadbury, UK 64.00 8 5 11.2 0.9 8.0 571 -28 -38 8.4 6773 -15 -8 123.7 11 7 54744 -24 -14 1.2 42 22 n/a 7877 -6Meiji Dairies, Japan (now part of Meiji) ƒ 54.65 -6 -5 44.0 1.0 6.6 124 -26 -15 2.3 5425 1 -1 760.4 -1 1 7134 1 -2 7.7 -7 -3 n/a n/l n/lFrieslandCampina, The Netherlands 49.30 -6 70 21.0 0.5 2.9 235 -13 6 2.6 9136 6 68 444.2 7 46 20568 -1 17 2.4 -5 49 27 n/l n/l15 Forestry & paper (4) 272.75 -7.1 -5 58.1 0.7 8.4 470 -72 -71.5 1.2 40301 -5.6 -0.1 334.5 -1.3 6.4 120493 -4.3 -6.1 2.3 -2.9 1.1 n/a 15560 -13.2Oji Paper, Japan ƒ 89.00 2 -2 34.7 0.9 8.6 256 -12 -38 2.5 10116 4 9 504.4 2 6 20056 3 3 4.4 -1 -5 n/a 3260 -15Stora Enso, Finland 77.53 -21 -11 n/m 0.7 6.8 -699 -443 -322 -6.3 11174 -24 -16 321.3 -5 7 34772 -20 -22 2.2 -2 15 19 3818 -35SCA, Sweden 56.47 1 2 7.6 0.6 8.3 739 -15 22 7.6 9714 4 12 186.8 1 9 51999 3 3 1.1 -2 0 22 6358 6Nippon Paper, Japan ƒ 49.75 -5 -9 28.7 0.5 10.5 173 -44 -45 1.9 9297 3 3 680.3 -5 2 13666 9 1 3.6 -12 -10 n/a 2124 -316 Gas, water & multiutilities (6) 677.06 28.3 40.3 3.8 0.3 9.4 17923 -25.5 -8.4 7.1 253701 23.8 50.2 350.4 13.5 10.7 723992 9 35.5 0.9 17.8 2.4 n/a 171008 -29.7RWE, Germany 203.02 67 63 3.2 0.4 9.0 6415 8 20 13.5 47456 15 16 727.3 11 40 65254 3 -21 3.1 61 97 4 32593 -26GDF Suez, France 122.78 28 47 2.1 0.2 10.5 5839 9 63 8.9 65665 43 136 279.8 18 -31 234653 22 181 0.5 5 -64 17 60836 -29E.ON, Germany 98.61 48 133 3.7 0.1 10.6 2696 -68 -62 3.2 84065 26 51 898.7 23 32 93538 3 15 1.1 44 103 2 54453 -34Veolia Environnement, France 98.22 12 39 5.3 0.3 5.6 1865 -19 -4 5.2 35601 13 32 119.5 7 13 297965 5 17 0.3 7 20 23 11087 -39Osaka Gas, Japan ƒ 78.10 3 -10 13.4 0.8 9.1 582 -17 -16 6.1 9500 5 19 569.5 4 14 16682 2 5 4.7 1 -14 n/a 5005 -8Tokyo Gas, Japan ƒ 76.34 -3 2 14.5 0.7 9.3 526 -56 -44 4.6 11413 8 19 717.8 12 23 15900 -3 -3 4.8 0 4 n/a 7035 -1017 General industrials (30) 11219.80 4.1 9.6 22.6 2.6 8.2 49588 30.1 20.1 11.3 436940 8.8 15.2 238.0 6.9 9.9 1755649 0.1 4.9 6.3 3.6 5.4 n/a 246537 -32.4Toshiba, Japan ƒ 3017.62 0 8 331.3 5.1 10.4 911 -41 -28 1.5 58835 8 23 297.1 4 7 198000 4 15 15.2 -4 -6 29 14647 4General Electric, USA ƒ 2100.43 0 8 6.9 1.7 10.5 30266 75 25 24.0 126319 21 14 391.1 23 12 323000 -1 2 6.5 2 6 46 102884 -48Honeywell, USA ƒ 1073.17 6 27 43.2 4.2 6.6 2484 -4 23 9.8 25425 6 23 198.6 1 12 128000 5 10 8.4 1 16 n/a 18762 -27Mitsubishi Heavy, Japan ƒ 828.35 2 0 104.7 3.4 9.4 791 15 89 3.2 24576 4 18 383.4 2 14 64103 2 4 12.9 0 -3 n/a 9373 -203M, USA ƒ 591.88 8 7 16.2 3.4 9.2 3645 -2 2 20.7 17575 3 14 222.0 -1 4 79183 4 10 7.5 4 -3 64 34637 -3Evonik Industries, Germany 294.86 -2 28 38.5 1.9 8.5 767 -25 n/a 4.9 15665 -3 -12 374.4 2 37 41842 -5 -42 7.0 3 77 36 n/l n/lEaton, USA ƒ 290.03 24 39 32.5 2.7 5.6 894 8 22 8.4 10694 18 33 142.6 1 6 75000 17 26 3.9 6 10 n/a 6232 -24Kawasaki Heavy Industries, Japan ƒ 277.97 7 63 50.2 2.4 5.5 554 19 135 4.8 11517 4 16 376.8 0 10 30563 5 5 9.1 2 55 34 3178 20Voith, Germany 258.14 22 43 95.4 5.4 10.6 270 -8 16 5.7 4770 18 35 115.3 2 -2 41384 15 36 6.2 5 4 47 n/l n/lOC Oerlikon, Switzerland 221.53 21 76 n/m 6.8 12.4 -161 -153 -351 -5.0 3241 -13 73 169.3 -10 11 19142 -4 47 11.6 25 -2 58 627 -75Onex, Canada ƒ 221.42 25 74 n/m 1.5 4.7 -357 -178 -178 -2.4 15145 15 41 65.0 17 -14 233000 -2 49 1.0 27 27 n/a 1824 -22Kubota, Japan ƒ 190.16 8 9 19.3 2.1 5.2 985 1 37 11.1 8859 2 13 362.1 -1 6 24464 3 6 7.8 5 2 39 7548 20ITT, USA ƒ 169.91 34 44 20.3 2.1 4.2 839 15 65 10.3 8139 28 50 199.5 25 48 40800 3 1 4.2 30 43 32 6243 -26Freudenberg, Germany 155.16 -6 -3 51.9 3.2 9.5 299 -27 -12 6.1 4882 -5 3 145.4 -1 3 33569 -4 0 4.6 -2 -3 35 n/l n/lDiehl Stiftung & Co KG, Germany ƒ 152.26 1 -2 159.8 7.1 10.1 95 37 71 4.4 2143 4 28 195.2 -2 22 10982 6 5 13.9 -5 -7 n/a n/l n/lFurukawa Electric, Japan ƒ 151.84 -1 7 49.8 1.7 5.3 305 -24 96 3.4 9010 6 34 239.2 -1 8 37669 8 24 4.0 -8 -16 n/a 2293 -4Trumpf, Germany ƒ 145.59 11 31 49.4 7.0 13.2 295 13 69 14.2 2073 11 38 268.6 1 14 7716 9 22 18.9 2 8 n/a n/l n/lKoc, Turkey 142.31 43 136 9.4 0.6 3.2 1515 -4 54 6.2 24333 12 50 330.3 29 63 73677 -13 -6 1.9 64 153 n/a 3971 -20Dover, USA ƒ 131.59 -11 1 18.2 2.5 4.8 722 5 28 13.6 5323 2 17 164.8 6 14 32300 -3 2 4.1 -8 -2 36 4435 -30Benteler, Germany ƒ 119.20 13 11 61.3 1.9 5.1 194 -25 6 3.2 6117 0 17 251.9 -5 3 24281 6 14 4.9 7 1 36 n/l n/lNGK Insulators, Japan ƒ 93.35 15 12 17.3 3.3 8.9 539 39 139 19.3 2800 14 30 242.4 6 10 11551 8 18 8.1 7 -7 29 5514 65Tyco International, Bermuda ƒ 88.33 5 -73 6.2 0.6 4.0 1431 39 -54 9.6 14898 -43 -47 131.8 -41 n/a 113000 -4 n/a 0.8 10 n/a n/a 10258 -29Korber, Germany ƒ 87.97 6 n/a 48.6 5.2 7.7 181 13 44 10.7 1690 9 12 183.2 6 6 9227 3 6 9.5 2 n/a 48 n/l n/lSmiths, UK 72.50 -42 -55 24.4 3.1 5.9 298 -22 0 12.8 2321 -26 -25 102.7 -4 -4 22600 -22 -22 3.2 -26 -42 68 3066 -28Tomkins, UK 64.47 24 27 445.7 1.7 5.0 14 -94 -95 0.4 3836 27 23 118.3 41 40 32424 -10 -13 2.0 37 45 82 1645 39Israel, Israel 61.90 82 116 5.0 0.4 4.8 1228 105 135 8.9 13772 82 151 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3535 -37Sealed Air, USA ƒ 59.54 -6 8 24.3 1.8 5.5 245 -40 -34 7.3 3369 4 15 198.2 8 18 17000 -4 -2 3.5 -2 10 n/a 2112 -13Hyosung, South Korea ƒ 54.94 32 58 20.4 1.0 10.3 270 24 147 5.1 5301 35 55 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1895 n/a138 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data139

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)17 General industrials continuedTrelleborg, Sweden 53.30 19 1 180.4 1.9 6.3 30 -78 -77 1.1 2750 1 19 112.9 4 11 24347 -3 7 2.2 23 -6 33 890 -12Meidensha, Japan ƒ 50.10 8 7 130.8 3.2 9.4 38 -1 42 2.5 1562 5 9 228.8 4 9 6825 1 0 7.3 7 7 0 971 11218 General retailers (5) 1825.89 23.4 67.1 36.0 1.8 5.1 5075 12.6 10 4.9 104125 7.2 21.2 231.3 2.5 7.5 450204 4.6 12.8 4.1 17.9 23.7 n/a 61949 -3.2Amazon.com, USA ƒ 848.52 29 88 152.9 6.4 8.1 555 23 61 4.2 13330 29 87 644.0 6 19 20700 22 60 41.0 6 22 n/a 25101 10eBay, USA ƒ 583.04 15 72 40.4 9.8 16.4 1444 239 83 24.3 5941 11 59 366.7 7 21 16200 5 34 36.0 10 32 54 19421 -16Maxingvest, Germany 145.98 19 32 20.0 1.6 4.0 731 22 0 8.2 8888 1 4 261.6 -8 -8 33978 11 14 4.3 7 16 20 n/l n/lMetro, Germany 129.54 3 17 8.7 0.2 3.4 1481 -24 -19 2.2 66904 5 15 221.9 2 3 301462 3 11 0.4 0 7 3 12183 -11Marks & Spencer, UK 118.80 82 290 13.7 1.3 7.2 864 -21 -6 9.5 9062 0 8 116.4 -3 1 77864 3 7 1.5 77 276 n/a 5244 1619 Health care equipment & services (41) 6840.04 8.1 28.8 44.3 6.2 11.7 15424 -6 13.9 13.9 111114 10 32.2 172.9 3.5 10 642747 6.5 21.6 10.6 -1.7 4.2 n/a 216427 -22.9Medtronic, USA ƒ 942.41 6 18 51.7 9.3 12.7 1824 -6 -12 18.0 10154 8 24 247.7 5 11 41000 3 12 23.0 4 6 n/a 28567 -30Boston Scientific, USA ƒ 699.68 -8 20 n/m 12.5 17.0 -1229 >-999 n/m -22.0 5599 -4 15 225.8 7 7 24800 -10 6 28.2 2 14 n/a 11680 -12Baxter International, USA ƒ 603.70 14 43 35.0 7.0 14.8 1726 17 65 20.1 8588 10 20 177.1 4 17 48500 5 3 12.4 8 39 55 23152 -24St Jude Medical, USA ƒ 369.87 12 36 83.5 12.2 20.1 443 -18 -4 14.6 3035 15 42 216.8 -1 4 14000 17 37 26.4 -4 0 47 9219 -19Carl Zeiss, Germany 310.33 11 31 120.6 11.8 16.1 257 -26 9 9.7 2640 5 16 202.4 -4 9 13041 9 6 23.8 1 22 35 n/l n/lBecton Dickinson, USA ƒ 275.59 10 29 25.4 5.5 13.9 1085 23 56 21.8 4979 12 27 176.1 11 19 28277 1 7 9.7 9 21 n/a 11054 -24Stryker, USA ƒ 255.81 -2 24 24.3 5.5 7.8 1052 15 47 22.5 4673 12 31 265.6 2 26 17594 10 4 14.5 -11 19 36 11104 -41Covidien, Bermuda ƒ 237.17 n/a n/a 15.1 3.2 7.0 1572 n/a n/a 21.0 7498 n/a n/a 179.8 n/a n/a 41700 n/a n/a 5.7 n/a n/a n/a 13660 n/aFresenius, Germany ƒ 200.12 13 31 12.8 1.7 7.8 1559 0 33 13.1 11926 9 32 100.5 -1 -3 118668 10 37 1.7 3 -6 55 5538 -40Beckman Coulter, USA ƒ 194.81 2 18 93.4 9.0 18.7 209 -1 11 9.7 2155 12 22 195.9 7 -4 11000 5 24 17.7 -2 -6 n/a 3208 1Thermo Fisher Scientific, USA ƒ 173.25 4 43 20.2 2.4 4.9 858 25 183 11.7 7301 8 129 211.6 3 40 34500 5 63 5.0 0 -27 n/a 12794 -27Essilor International, France 139.71 5 19 26.7 4.7 9.8 523 2 21 17.6 2972 6 20 96.2 0 2 30898 6 18 4.5 -1 1 55 7829 3CR Bard, USA ƒ 138.48 47 57 38.6 8.1 10.2 359 -7 21 21.0 1705 11 29 155.0 3 9 11000 8 19 12.6 36 32 32 4999 -23B Braun Melsungen, Germany 134.99 20 37 40.2 3.7 15.3 335 0 21 9.2 3661 6 19 97.4 -1 2 37601 7 17 3.6 12 18 38 n/l n/lZimmer, USA ƒ 134.93 -7 5 17.8 4.7 16.5 758 -3 6 26.4 2866 6 21 337.2 -5 -1 8500 12 22 15.9 -17 -14 43 6756 -38Dragerwerk, Germany 130.59 9 19 120.4 7.0 10.6 108 -10 -11 5.8 1861 6 14 173.6 1 5 10720 5 8 12.2 4 10 36 193 -29BioMerieux, France 128.29 1 2 72.4 12.0 19.5 177 24 33 16.5 1074 4 10 183.1 2 5 5863 2 5 21.9 -1 -3 40 2640 -9Terumo, Japan ƒ 120.88 -6 0 23.3 5.1 10.3 519 21 46 22.1 2351 11 27 190.8 4 6 12322 6 20 9.8 -12 -17 38 7258 -11Synthes, Switzerland ƒ 118.14 14 36 15.8 5.3 13.5 747 18 51 33.6 2220 16 42 233.5 7 10 9509 9 29 12.4 5 4 n/a 9176 -19Bio-Rad Laboratories, USA ƒ 110.95 14 31 92.4 9.0 13.8 120 30 38 9.8 1227 21 41 185.9 17 19 6600 3 19 16.8 10 10 70 1595 -17Smith & Nephew, UK 105.72 7 34 23.6 4.0 10.8 447 28 51 16.9 2644 13 49 270.9 6 33 9757 6 13 10.8 1 19 n/a 4170 -22Edwards Lifesciences, USA ƒ 96.82 14 32 89.6 11.2 15.3 108 7 35 12.5 861 13 22 138.8 2 7 6200 11 14 15.6 3 16 n/a 2521 14Varian Medical Systems, USA ƒ 94.31 15 46 32.4 6.6 10.5 291 25 39 20.2 1440 16 38 293.8 7 8 4900 9 28 19.2 6 15 53 3213 -41Bruker, USA ƒ 91.04 127 180 120.9 11.8 16.1 75 114 390 9.8 770 102 183 175.0 2 8 4400 99 164 20.7 14 4 n/a 1174 -26Getinge, Sweden 78.63 42 99 31.1 4.6 9.1 253 26 48 14.9 1695 17 48 145.8 3 0 11623 14 48 6.8 24 37 47 2324 -29Topcon, Japan ƒ 78.09 8 n/a 88.9 9.2 11.8 88 -22 n/a 10.3 850 0 n/a 268.1 22 n/a 3172 -18 n/a 24.6 32 n/a n/a 339 n/aInverness Medical Innovations, USA ƒ 77.78 61 140 196.6 6.7 10.6 40 n/a n/a 3.4 1162 99 203 140.1 24 2 8300 61 182 9.4 0 -19 28 1958 4Millipore, USA ƒ 71.36 -4 27 43.9 6.4 11.2 162 8 46 14.6 1114 5 37 188.9 6 26 5900 -2 10 12.1 -2 17 61 2631 -2Sysmex, Japan ƒ 70.75 2 26 62.4 8.3 15.8 113 11 51 13.3 850 10 33 216.9 0 5 3916 9 27 18.1 -7 -1 54 1454 -7William Demant, Denmark 64.69 7 25 47.9 9.3 12.2 135 -13 -9 19.3 698 -2 10 129.7 -8 -3 5383 6 13 12.0 1 11 50 2583 9Sorin, Italy 60.09 -2 11 172.7 8.2 11.3 35 n/a n/a 4.8 732 -4 -1 175.8 3 10 4162 -6 -10 14.4 5 23 n/a 537 43Biomet, USA ƒ 57.17 -13 2 n/m 3.9 11.7 -471 -238 -226 -31.7 1485 1 12 205.6 -9 -18 7220 11 32 7.9 -22 -25 n/a n/l n/lWaters, USA ƒ 56.75 1 12 20.9 5.2 9.6 271 12 30 24.7 1096 7 26 219.1 7 16 5000 0 9 11.3 1 4 70 3494 -26Hologic, USA ƒ 56.63 83 201 n/m 4.9 8.0 -138 -234 -426 -11.8 1165 127 290 296.1 106 52 3933 10 130 14.4 67 13 n/a 2651 -25Intuitive Surgical, USA ƒ 55.20 62 179 25.5 9.1 16.2 216 50 208 35.5 609 46 161 580.1 6 38 1049 37 103 52.6 18 42 n/a 6020 -26Advanced Medical Optics (now Abbott MedicalOptics), USA (now part of Abbott Laboratories) ƒ52.81 -7 19 230.3 6.4 8.3 23 n/a n/a 2.8 824 9 26 222.1 20 21 3711 -9 4 14.2 3 15 n/a n/l n/lKinetic Concepts, USA ƒ 52.75 50 103 21.8 4.0 11.0 242 -6 29 18.6 1306 17 45 189.3 8 24 6900 8 18 7.6 39 73 28 1676 -4140 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data141

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)21 Industrial engineering continuedClaas, Germany 109.99 4 41 40.4 3.5 6.0 272 52 123 8.7 3129 22 42 357.6 15 33 8749 5 7 12.6 -2 32 n/a n/l n/lSKF, Sweden 105.46 29 38 15.7 1.9 5.9 673 2 28 12.1 5573 8 23 129.0 4 12 43201 4 10 2.4 24 26 44 4748 -7China South Locomotive, China 102.46 105 n/a 51.2 2.9 13.1 200 99 n/a 5.6 3577 31 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5638 n/aShanghai Electric, Hong Kong ƒ 98.83 72 195 30.0 1.6 6.8 329 -18 -9 5.5 6005 4 32 191.7 13 36 31323 -7 -2 3.2 86 208 n/a 10778 225Hyundai Heavy Industries, South Korea ƒ 97.32 15 33 5.8 0.6 10.6 1684 19 182 11.1 15177 32 74 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 8946 -35Crane, USA ƒ 95.91 40 114 69.5 5.3 7.0 138 n/a 287 7.6 1811 -1 18 150.9 -1 10 12000 0 7 8.0 40 102 n/a 930 -35Georg Fischer, Switzerland 93.45 -1 12 149.0 3.2 8.6 63 -71 -64 2.2 2918 -1 13 203.7 -10 -1 14326 10 14 6.5 -10 -2 23 611 -41Ingersoll-Rand, Bermuda ƒ 91.53 2 -15 n/m 1.0 3.3 -1832 -375 -302 -19.9 9210 13 23 153.5 -33 -21 60000 69 55 1.5 -39 -45 n/a 6418 -9Ebara, Japan ƒ 82.96 -5 0 n/m 1.9 4.9 -275 >-999 n/m -6.3 4352 5 11 270.7 2 6 16074 3 5 5.2 -8 -4 n/a 1177 56Rieter, Switzerland 79.92 -13 -14 n/m 3.9 8.4 -204 -212 -239 -9.9 2054 -20 -9 144.8 -13 -6 14183 -9 -3 5.6 -5 -11 54 539 -48Minebea, Japan ƒ 76.34 11 6 31.9 3.0 10.4 239 17 75 9.3 2566 1 10 50.8 -1 3 50549 2 7 1.5 8 -1 25 1365 6Sumitomo Heavy Industries, Japan ƒ 75.64 15 38 13.6 1.5 5.2 558 17 66 11.0 5070 10 23 351.9 -4 -1 14408 15 24 5.3 0 11 n/a 2173 -3Glory, Japan ƒ 73.78 3 -12 46.6 5.2 7.7 158 114 12 11.1 1421 13 10 265.8 11 5 5346 1 5 13.8 2 -16 15 1021 -7Mettler-Toledo International, Switzerland ƒ 71.14 11 20 35.1 5.2 8.3 203 10 41 14.8 1372 10 26 137.2 5 14 10000 5 11 7.1 5 9 51 2032 -22DEUTZ, Germany 70.96 13 11 489.3 4.9 9.0 15 -86 -76 1.0 1445 -14 3 297.3 -3 14 4862 -11 -10 14.6 26 23 26 389 -33NHK Spring, Japan ƒ 68.05 3 108 26.5 1.8 9.0 257 24 64 6.9 3720 13 36 214.8 -23 -22 17324 47 75 3.9 -30 24 12 1276 16Bharat Heavy Electricals, India ƒ 66.20 84 193 13.0 2.4 3.9 508 3 64 18.4 2756 12 60 63.2 8 n/a 43636 4 n/a 1.5 78 n/a n/a 15611 8Schindler, Switzerland 65.35 -8 -10 11.2 0.7 1.5 582 66 51 6.3 9166 1 33 202.8 0 24 45204 1 9 1.4 -10 -17 n/a 5504 -2Oshkosh, USA ƒ 63.99 21 106 23.3 1.3 2.4 275 -33 15 5.5 4965 13 91 354.6 15 35 14000 -1 46 4.6 23 46 27 1678 103Bobst, Switzerland 63.13 6 7 111.9 5.9 7.2 56 -55 -27 5.3 1067 -6 0 179.7 -14 -7 5939 9 8 10.6 -3 -1 44 461 -49Juki, Japan ƒ 60.36 16 44 85.5 6.0 8.9 71 -32 1 7.1 1000 -7 1 137.7 -11 -4 7264 4 5 8.3 11 36 n/a 117 -44Sauer-Danfoss, USA ƒ 57.67 18 36 432.9 4.0 13.5 13 -84 -81 0.9 1454 6 25 151.5 8 18 9600 -2 7 6.0 20 28 65 196 -82Alfa Laval, Sweden 57.52 11 33 11.6 2.3 5.1 496 22 124 20.2 2449 12 47 207.2 2 24 11821 9 19 4.9 1 12 54 3160 -23GEA, Germany 57.13 18 11 14.2 1.1 4.0 402 36 140 7.7 5204 -9 -5 249.7 -13 -4 20844 5 -3 2.7 12 13 44 2168 -46STX Engine, South Korea ƒ 57.10 51 n/a 54.2 6.9 11.6 105 64 n/a 12.7 833 18 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 481 n/aKone, Finland 56.36 15 11 10.4 1.3 2.7 542 81 75 12.2 4450 13 17 131.1 2 2 33935 10 15 1.7 4 -3 35 5452 22Buhler, Switzerland 53.78 11 22 56.7 4.3 8.1 95 14 53 7.7 1237 7 16 161.5 -4 0 7660 11 16 7.0 0 5 n/a n/l n/lDaifuku, Japan ƒ 53.43 -8 14 33.5 3.0 4.7 160 10 69 9.0 1777 0 26 313.8 -17 -10 5663 20 41 9.4 -24 -18 7 549 -14Amada, Japan ƒ 53.06 9 10 15.0 2.4 9.3 354 12 100 16.3 2181 8 34 379.5 4 19 5747 4 13 9.2 4 -3 35 1929 12Koenig & Bauer, Germany 52.40 -11 -9 n/m 3.5 7.1 -80 -237 -316 -5.4 1481 -10 -6 183.9 -8 -7 8052 -2 1 6.5 -9 -10 33 179 -40Doosan Infracore, South Korea ƒ 51.81 15 n/a 29.7 2.2 2.2 174 33 n/a 7.4 2364 15 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1611 -49Woodward Governor, USA ƒ 51.06 12 36 40.0 5.8 8.8 128 38 106 14.6 875 21 47 150.3 -12 -6 5823 37 57 8.8 -18 -13 58 956 -57Bucher Industries, Switzerland 51.04 10 23 32.8 2.8 7.4 156 5 70 8.5 1822 13 37 222.9 4 13 8176 9 22 6.2 1 1 30 857 -46Husqvarna, Sweden 50.66 20 n/a 24.1 1.8 4.6 210 -33 n/a 7.4 2845 -3 n/a 181.0 -1 n/a 15720 -2 n/a 3.2 23 n/a 50 4037 -3Dongfang Electric, China ƒ 50.22 5 n/a 194.4 1.8 2.2 26 -90 n/a 0.9 2770 13 n/a 150.0 -2 n/a 18469 16 n/a 2.7 -9 n/a n/a 3552 n/aPall, USA ƒ 49.83 15 23 20.0 2.8 7.6 249 20 50 13.9 1789 14 30 168.7 15 29 10600 -1 0 4.7 16 22 n/a 2495 -25Andritz, Austria 49.53 13 59 23.5 1.4 3.2 211 14 65 6.0 3490 10 57 254.6 -4 -5 13707 14 64 3.6 -1 -5 52 1751 -22Terex, USA ƒ 49.52 2 30 17.7 0.7 1.9 280 -58 -31 4.1 6878 8 40 343.9 14 30 20000 -5 9 2.5 8 20 70 1198 -6222 Industrial metals & mining (17) 2686.70 17.7 27.6 8.0 0.8 6.9 33772 -17.8 12.8 10.0 336183 9 39.6 362.9 8.3 30.5 926405 0.6 7.8 2.9 16.9 20.3 n/a 157628 -37.1Nippon Steel, Japan ƒ 347.80 10 20 7.7 0.9 0.9 4530 -2 41 12.2 37036 12 33 2455.5 7 40 15083 5 -6 23.1 5 26 n/a 19259 -17ThyssenKrupp, Germany 314.19 23 45 9.9 0.6 8.3 3189 -10 29 6.2 51649 3 18 263.8 -1 13 195826 4 5 1.6 18 38 n/a 11765 -38JFE, Japan ƒ 302.94 3 5 8.7 1.1 7.4 3474 -12 16 12.8 27160 9 22 479.1 3 14 56688 6 7 5.3 -2 -2 n/a 16443 -8POSCO, South Korea ƒ 273.88 29 63 7.1 1.2 11.0 3873 44 41 16.8 23051 32 55 775.3 27 49 29730 4 4 9.2 23 57 n/a 23642 -20Kobe Steel, Japan ƒ 231.25 21 41 17.3 1.4 8.3 1337 -9 31 8.2 16361 12 37 486.1 6 17 33657 6 18 6.9 14 20 n/a 4202 -23ArcelorMittal, Luxembourg 205.18 38 154 2.1 0.2 4.7 9665 -12 59 11.1 86894 19 133 275.1 17 102 315867 1 24 0.7 36 142 46 38206 -52AlCoA, USA ƒ 171.10 -1 17 33.0 0.9 13.1 518 -75 -73 2.6 19557 -9 1 224.8 12 38 87000 -19 -27 2.0 21 60 n/a 8993 -50Sumitomo Metal Industries, Japan ƒ 154.25 7 27 6.9 1.2 11.4 2244 -10 36 16.8 13386 9 27 537.0 9 28 24926 0 -1 6.2 7 28 n/a 8866 -39voestalpine, Austria 108.28 21 60 11.0 1.0 9.1 982 -12 19 8.7 11341 10 55 260.6 6 2 43523 4 51 2.5 16 4 n/a 3407 -48144 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data145

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)22 Industrial metals & mining continuedSalzgitter, Germany 92.42 65 66 9.5 0.8 5.9 977 -21 22 8.1 12084 23 58 506.3 3 20 23866 19 32 3.9 39 25 28 3889 -39Mitsubishi Materials, Japan ƒ 89.59 5 7 9.1 0.7 5.2 986 28 131 7.7 12731 14 47 654.0 15 49 19467 -1 -2 4.6 6 9 7 2583 -21USEC, USA ƒ 76.65 -13 14 171.4 6.8 34.2 45 -44 -41 4.0 1123 -16 -4 377.1 -19 -10 2978 4 7 25.7 -17 7 n/a 372 -5OneSteel, Australia ƒ 72.88 129 218 29.3 2.0 5.6 249 54 87 6.9 3605 73 92 308.7 11 22 11678 55 57 6.2 47 103 n/a 2440 -30Bekaert, Belgium 66.26 21 34 25.7 2.6 11.5 258 24 38 10.0 2574 22 29 151.7 10 -4 16971 11 32 3.9 9 0 59 1794 -26Mitsui Mining & Smelting, Japan ƒ 63.79 13 50 38.6 1.4 8.1 165 -55 -43 3.6 4569 1 24 401.9 -8 8 11369 9 15 5.6 3 31 8 1262 12Norsk Hydro, Norway 60.20 20 -11 76.2 0.7 5.3 79 -98 -98 0.9 8862 -46 -49 384.1 -33 -27 23074 -20 -31 2.6 50 30 19 5113 -45Eramet, France 56.07 57 69 4.7 1.3 10.2 1201 9 63 28.6 4201 15 44 285.8 11 31 14702 4 11 3.8 51 53 49 5394 -4723 Industrial transportation (2) 217.52 5.6 4.5 n/m 0.2 5.7 -388 -109.7 -110.4 -0.4 87865 12.5 29.6 123.3 14.6 20.5 712631 -1.9 7.9 0.3 7.8 -1.9 n/a 13393 -33.1Deutsche Post, Germany 124.71 -5 -30 n/m 0.2 2.4 -1449 -152 -147 -2.3 63515 15 37 124.2 18 21 511292 -3 13 0.2 -3 -42 n/a 13393 -33SNCF, France 92.81 25 45 8.7 0.4 14.3 1061 -14 59 4.4 24350 6 14 120.9 6 18 201339 0 -4 0.5 25 47 n/a n/l n/l24 Leisure goods (28) 16162.37 2.7 4.1 112.9 6.1 9.9 14318 11 30 5.4 263623 5.7 11.4 273.3 6.8 13.9 939366 -1.6 -1.1 16.9 4.1 5.8 n/a 151150 -29.2Matsushita Electric (now Panasonic), Japan ƒ 4254.81 -4 -5 131.1 6.1 10.7 3246 -4 38 4.7 69583 0 6 227.5 7 12 305828 -7 -5 13.9 3 0 27 26152 -27Sony, Japan ƒ 3994.17 -4 0 122.5 5.9 9.8 3260 434 138 4.9 67175 13 21 372.2 2 7 180500 11 14 22.1 -14 -13 52 19887 -27Philips Electronics, The Netherlands 1559.36 1 -18 n/m 6.1 9.0 -74 -103 -105 -0.3 25631 -2 -11 202.7 -3 3 126459 1 -14 12.3 0 -6 n/a 15503 -37FUJIFILM, Japan ƒ 1439.32 6 7 90.2 6.6 12.4 1595 127 87 7.3 21843 2 8 278.9 0 4 78321 3 4 18.4 3 3 35 10601 -1Electronic Arts, USA ƒ 945.19 19 52 n/m 32.3 35.0 -618 n/m -962 -21.1 2929 15 31 321.9 14 8 9100 1 21 103.9 17 28 n/a 4791 -53Activision Blizzard, USA † ƒ 548.99 193 408 392.1 19.6 21.1 140 -58 7 5.0 2806 39 122 400.9 -47 -30 7000 165 224 78.4 10 63 n/a 11223 60Olympus, Japan ƒ 505.85 19 40 63.6 5.8 10.1 796 16 89 9.2 8662 6 29 242.1 -2 14 35772 9 14 14.1 9 23 48 5291 -16Nikon, Japan ƒ 447.88 24 58 51.0 6.1 9.1 878 31 196 12.0 7334 16 42 289.4 4 0 25342 12 41 17.7 11 11 46 4931 -41Eastman Kodak, USA ƒ 348.45 -6 -33 n/m 5.3 8.0 -604 n/m n/m -9.2 6549 -16 -28 268.4 -7 22 24400 -9 -44 14.3 3 17 n/a 813 -75Nintendo, Japan ƒ 283.90 -2 41 7.7 2.2 2.7 3670 109 250 28.6 12832 73 167 3405.5 55 124 3768 12 20 75.3 -12 19 77 26260 -45Harman International Industries, USA ƒ 275.35 11 44 297.3 9.6 13.0 93 -65 -61 3.2 2860 16 31 244.6 16 25 11694 0 5 23.5 11 38 77 1279 -23Yamaha, Japan ƒ 190.78 3 6 75.0 4.5 9.2 255 -14 -13 6.0 4210 0 2 158.8 -25 -26 26517 33 38 7.2 -23 -23 35 1791 -21Garmin, Cayman Islands ƒ 143.35 29 101 23.9 5.9 9.3 601 -5 66 24.7 2430 10 107 272.5 4 12 8919 6 91 16.1 22 0 n/a 4005 -24Namco Bandai, Japan ƒ 134.91 -2 n/a 64.6 3.8 6.1 209 -27 n/a 5.9 3533 0 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 22 1783 -15Hasbro, USA ƒ 133.14 14 18 38.7 4.8 7.7 344 6 37 12.3 2797 5 23 474.1 5 23 5900 0 0 22.6 14 18 42 2589 -32Mattel, USA ƒ 132.29 0 6 34.9 3.2 6.6 379 -25 -25 9.2 4116 -1 8 141.9 6 6 29000 -6 2 4.6 7 3 54 4506 -13Casio Computer, Japan ƒ 113.17 -18 -12 44.3 2.4 6.0 256 -27 -10 5.4 4780 0 9 362.1 -1 2 13202 1 7 8.6 -19 -17 28 1538 -32Brunswick, USA ƒ 84.99 -9 -10 n/m 2.6 4.8 -407 -542 -285 -12.4 3275 -18 -18 165.7 12 13 19760 -27 -27 4.3 24 23 n/a 547 -34THQ, USA ƒ 75.95 -15 14 n/m 13.2 14.2 -270 n/m >-999 -46.7 577 -19 -8 288.6 -3 -18 2000 -17 10 38.0 2 3 n/a 294 -59SCI Entertainment (now Eidos), UK 72.20 5 84 n/m 54.0 57.7 -137 n/m n/m -102.5 134 -7 41 123.8 -25 -28 1080 25 101 66.9 -15 -11 37 n/l n/lShimano, Japan ƒ 71.77 16 26 25.0 4.0 7.8 287 30 51 15.9 1804 11 31 187.7 5 n/a 9610 6 n/a 7.5 10 n/a 54 2877 -1Bang & Olufsen, Denmark 68.83 7 8 288.8 13.0 17.6 24 -65 -56 4.5 532 -6 3 209.2 -12 0 2541 6 3 27.1 2 5 18 269 -24Midway Games, USA ƒ 66.34 -8 -3 n/m 43.4 44.5 -79 n/m n/m -51.8 153 40 38 282.8 133 108 540 -40 -34 122.8 53 47 n/a 1 -100Samsung Techwin, South Korea ƒ 64.04 17 n/a 47.0 3.4 5.6 136 55 n/a 7.2 1895 13 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2274 16Polaris Industries, USA ƒ 53.88 5 12 41.5 4.0 7.9 130 5 1 9.6 1355 9 10 410.6 6 15 3300 3 -4 16.3 2 17 n/a 892 -10Amer Sports, Finland 52.20 -4 17 85.6 3.4 5.8 61 39 -26 4.0 1524 -5 7 242.5 0 -4 6285 -5 12 8.3 1 5 54 485 -35Roland, Japan ƒ 51.72 -1 n/a 50.1 6.2 9.9 103 36 n/a 12.4 833 14 n/a 329.5 8 n/a 2528 6 n/a 20.5 -7 n/a 71 211 -25Inventec Appliances, Taiwan ƒ 49.54 -2 16 107.4 3.4 3.4 46 -39 -30 3.1 1471 -25 -30 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 356 -3925 Life insurance (1) 82.00 -8.9 71.7 15.1 n/a n/a 542 -69 -63.8 n/a -3743 -125.7 -127.3 -66.2 -124.8 -123.4 56546 3.5 17.8 1.5 -12 54.6 n/a 4773 -5.7Old Mutual, UK 82.00 -9 72 15.1 n/a n/a 542 -69 -64 n/a -3743 -126 -127 -66.2 -125 -123 56546 4 18 1.5 -12 55 n/a 4773 -626 Media (7) 1717.77 23 42.7 49.9 2.6 8.1 3443 -55.3 -50.3 5.3 65389 6.7 12.2 337.7 5.1 11 193640 1.5 1 8.9 21.2 40.8 n/a 55361 -21.5Vivendi, France 697.02 70 117 23.9 2.8 8.7 2917 -37 -28 11.9 24548 17 27 554.8 6 10 44243 11 16 15.8 54 88 26 22224 -31Dai Nippon Printing, Japan ƒ 272.81 18 28 44.4 2.2 9.9 614 -14 -23 5.0 12400 4 11 320.8 1 2 38657 2 8 7.1 15 18 n/a 6982 2146 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data147

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)26 Media continuedThomson, France 248.45 -19 -9 n/m 5.2 9.5 -1527 >-999 >-999 -32.2 4740 -20 -30 208.1 -13 1 22775 -8 -33 10.9 -12 23 55 262 -70Toppan Printing, Japan ƒ 228.13 2 19 40.1 1.8 7.3 569 11 11 4.4 12816 7 15 332.3 2 3 38570 5 12 5.9 -3 6 0 4728 -3Reed Elsevier, UK 115.00 44 15 12.8 2.2 3.2 895 -10 3 16.7 5346 0 3 162.5 9 13 32900 -8 -9 3.5 57 26 63 11552 -31Avid Technology, USA ƒ 103.35 -1 19 n/m 17.6 19.4 -147 n/m >-999 -24.9 588 -9 5 250.1 6 14 2350 -14 -7 44.0 14 29 61 323 -46British Sky Broadcasting, UK 53.00 23 207 43.1 1.1 5.2 123 -85 -84 2.5 4952 9 22 350.1 1 -6 14145 8 29 3.7 14 164 n/a 9290 927 Mining (5) 1306.06 68.4 205.3 3.8 1.1 18.7 34436 14.1 75.9 30.2 113984 46.5 107.7 441.9 9.8 n/a 257916 33.4 n/a 5.1 1.3 n/a n/a 255490 -16.7Vale Do Rio Doce (now Vale), Brazil ƒ 754.63 48 158 7.2 2.9 26.9 10519 15 105 40.4 26030 16 96 416.5 6 50 62490 10 36 12.1 35 102 n/a 73940 -15Rio Tinto, UK 213.52 345 923 3.6 0.6 17.5 5921 -16 11 15.7 37741 83 158 382.3 -13 -10 98723 110 186 2.2 112 293 76 64515 -33BHP Billiton, UK 169.70 44 229 1.0 0.4 15.8 16666 31 106 40.3 41364 51 96 991.2 22 60 41732 23 22 4.1 17 166 76 115935 -6China Coal Energy, China 112.13 n/a n/a 11.2 2.2 18.8 1003 15 n/a 19.3 5198 40 n/a 102.3 42 n/a 50805 -1 n/a 2.2 n/a n/a 0 n/a n/aDowa, Japan ƒ 56.08 67 112 17.1 1.5 7.4 327 -10 36 9.0 3651 4 51 876.4 -5 n/a 4166 9 n/a 13.5 53 n/a n/a 1101 -1728 Mobile telecommunications (5) 715.25 19.7 22.6 6.3 0.8 13.0 11353 -27.5 155.8 13.2 86072 11.7 20.4 602.7 1.9 -2.9 142815 9.7 23.2 5.0 9.2 7 n/a 102801 -15.2Vodafone, UK 280.00 20 30 4.8 0.7 12.3 5823 -42 n/a 14.2 41017 16 19 518.6 6 -2 79097 9 21 3.5 9 8 14 66452 -11KDDI, Japan ƒ 150.13 27 42 5.1 0.5 11.2 2973 24 40 10.8 27593 8 18 1739.3 -2 0 15865 10 18 9.5 15 21 n/a 17267 -5SK Telecom, South Korea ƒ 134.23 10 1 23.3 1.7 17.5 577 -48 -54 7.4 7807 18 28 870.9 -1 -2 8964 19 29 15.0 -8 -22 n/a 7912 -28Telenor, Norway 99.73 7 27 4.9 1.0 16.3 2046 -7 42 21.2 9654 3 27 248.8 -5 -3 38800 8 29 2.6 -1 0 30 11054 -36TerreStar, USA ƒ 51.16 71 295 n/m n/a n/a -66 n/m n/m n/a 0 n/m -100 0.0 n/m -100 89 -49 -21 574.8 236 543 n/a 116 -3629 Nonequity investment instruments (0) n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo companies with sufficient R&D for inclusion n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a30 Nonlife insurance (1) 70.00 37.3 -27.1 9.4 1.0 2.0 741 10.1 65.1 10.4 7143 10.7 8.1 318.0 11.1 20 22464 -0.4 -10.1 3.1 37.8 -17.9 n/a 4057 -16.1RSA Insurance, UK 70.00 37 -27 9.4 1.0 2.0 741 10 65 10.4 7143 11 8 318.0 11 20 22464 0 -10 3.1 38 -18 n/a 4057 -1631 Oil & gas producers (20) 6593.38 16 42.9 2.3 0.3 8.8 292386 2.8 17.8 13.1 2228877 24.7 47.3 997.2 21.2 37.9 2235101 2.9 2.6 3.0 12.7 34 n/a -18.7Royal Dutch Shell, UK 880.51 5 57 2.5 0.3 7.8 35534 4 21 11.1 318793 29 47 3125.4 31 56 102000 -2 -6 8.6 7 65 n/a 98173 -11PetroChina, China 791.05 46 98 5.4 0.7 23.3 14779 -26 -22 13.5 109191 28 74 228.5 25 63 477780 2 8 1.7 43 85 n/a 246685 -5Petroleo Brasiliero, Brazil ƒ 654.47 7 67 3.8 0.8 26.1 17135 24 55 20.8 82249 35 86 1107.9 25 52 74240 8 25 8.8 -1 38 n/a 119662 -18TOTAL, France 591.65 3 -1 2.5 0.4 7.5 24136 -6 5 15.6 154999 17 30 1598.6 17 37 96959 1 -7 6.1 2 6 33 88419 -25Exxon Mobil, USA ƒ 589.09 4 17 1.0 0.2 4.7 57382 16 39 19.4 295640 19 32 2823.7 21 34 104700 -2 -1 5.6 6 18 n/a 227989 -19Chevron, USA ƒ 580.75 49 110 2.0 0.3 7.7 29347 38 54 15.9 184280 24 47 2750.5 20 29 67000 3 15 8.7 44 87 n/a 95728 -20Gazprom, Russia 454.47 29 95 1.6 0.6 20.9 28327 61 113 35.3 80155 47 104 175.8 41 89 456000 5 10 1.0 23 81 n/a 83474 -50BP, UK 413.83 5 25 1.8 0.2 5.3 23276 13 15 9.3 251177 27 45 2624.6 29 51 95700 -2 -5 4.3 7 31 55 94752 -3China Petroleum & Chemical, China 349.35 0 36 n/m 0.2 0.5 -1387 -116 -118 -0.9 148026 21 58 413.1 12 55 358304 7 0 1.0 -6 33 n/a 102244 11StatoilHydro (now Statoil), Norway 222.80 14 58 1.1 0.3 10.4 19641 44 71 30.3 64762 25 50 2312.8 32 43 28001 -5 6 8.0 20 52 11 48254 -24Eni, Italy 208.82 4 -38 1.1 0.2 11.6 18656 -2 11 17.8 104551 24 42 1351.3 20 34 77371 4 6 2.7 0 -41 27 64013 -27DONG Energy, Denmark 149.51 140 448 15.6 1.9 18.1 961 73 77 12.2 7894 46 121 1476.4 35 -14 5347 8 115 28.0 123 172 n/a n/l n/lConocoPhillips, USA ƒ 145.36 31 58 n/m 0.1 8.8 -1816 -112 -112 -1.2 153154 31 43 4531.2 26 50 33800 4 -5 4.3 26 65 n/a 45143 -47Idemitsu Kosan, Japan ƒ 118.87 11 24 33.7 0.4 2.4 353 -54 -30 1.2 29649 14 29 3951.7 13 n/a 7503 0 n/a 15.8 11 n/a n/a 2357 n/aNippon Oil, Japan ƒ 97.39 0 16 4.7 0.2 1.7 2054 57 90 3.6 57729 14 37 4546.7 18 47 12697 -4 -7 7.7 5 24 n/a 5906 -2Nippon Mining, Japan ƒ 90.22 17 69 6.2 0.3 2.7 1457 -11 42 4.4 33296 14 50 3227.6 10 n/a 10316 3 n/a 8.7 13 n/a 0 3392 -8Repsol YPF, Spain 80.24 8 17 1.6 0.1 8.4 4866 -7 -9 8.7 55820 11 20 1493.7 11 16 37371 -1 4 2.1 8 15 n/a 19904 -24Lukoil, Russia ƒ 66.07 58 n/a 0.7 0.1 9.9 9626 4 42 12.9 74892 31 87 491.1 31 n/a 152500 1 n/a 0.4 57 n/a n/a 27964 n/aSasol, South Africa 57.25 10 101 2.3 0.6 9.0 2508 38 94 25.7 9776 32 78 288.1 24 64 33928 6 9 1.7 4 85 n/a 15755 -35CNOOC, Hong Kong ƒ 51.69 5 33 0.9 0.4 27.6 5551 30 49 43.2 12842 39 69 3583.1 27 36 3584 9 25 14.4 -4 7 n/a 43053 2148 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data149

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)32 Oil equipment, services & distribution (9) 1684.88 7 33.9 9.7 2.3 16.5 17389 3.5 46.9 23.6 73732 -23.4 18.3 221.8 1 23.2 310248 13.7 14.4 4.8 -2.6 24.3 n/a 101720 -46.5Schlumberger, USA ƒ 569.48 12 41 11.7 3.0 16.7 4855 4 65 25.7 18892 17 59 217.2 7 22 87000 9 33 6.5 3 7 n/a 44471 -44Baker Hughes, USA ƒ 296.29 15 58 17.9 3.6 14.6 1654 5 16 20.0 8251 14 45 207.3 2 16 39800 11 26 7.4 3 29 56 7968 -54Halliburton, USA ƒ 226.74 1 19 8.3 1.8 11.8 2744 13 80 21.6 12713 4 -10 223.0 -7 32 57000 12 -36 4.0 -10 65 n/a 14738 -46SK, South Korea ƒ 208.96 -13 n/a 8.9 4.3 62.4 2357 -11 n/a 48.0 4910 -86 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3003 n/aWeatherford International, USA ƒ 134.00 14 51 10.1 2.0 27.9 1327 20 96 19.9 6678 23 75 133.6 -7 3 50000 32 75 2.7 -14 -13 54 9895 -46Smith International, USA ƒ 90.00 17 52 7.9 1.2 5.3 1142 20 85 15.2 7491 23 65 291.4 -5 6 25709 29 58 3.5 -10 -3 n/a 4081 -59CGGVeritas, France 55.59 -3 26 10.8 2.2 7.7 517 9 146 20.5 2516 10 98 283.8 0 18 8866 9 75 6.3 -12 -31 60 2098 -40Tenaris, Luxembourg 53.76 25 82 2.5 0.6 4.0 2168 1 38 25.5 8506 19 66 356.3 16 41 23873 2 20 2.3 23 55 84 12407 -45BJ Services, USA ƒ 50.07 7 24 8.0 1.3 12.5 624 -22 2 16.5 3774 13 45 209.7 5 20 18000 8 22 2.8 -1 2 n/a 3060 -4533 Personal goods (14) 2346.82 1.9 11.6 19.3 2.4 6.4 12145 3.4 16.3 12.4 97594 5.7 21.3 134.1 -44.9 -41.2 727887 5.6 13.7 3.2 -46.9 -46 n/a 130590 -15.1L'Oreal, France 561.97 4 13 22.7 3.3 7.2 2479 -8 4 14.6 16958 3 15 250.6 -4 -3 67662 7 18 8.3 -3 -5 n/a 35787 -21Kao, Japan ƒ 345.81 2 11 38.8 3.4 6.3 891 -4 -3 8.8 10117 7 30 307.5 5 -4 32900 2 31 10.5 -1 -19 19 8567 -15Givaudan, Switzerland 272.50 -2 49 109.2 10.2 15.0 250 18 -16 9.3 2671 -1 31 304.5 -1 -1 8772 0 32 31.1 -2 15 63 3992 -2Kimberly-Clark, USA ƒ 206.57 7 1 11.7 1.5 6.2 1771 -6 4 13.1 13503 6 18 254.8 6 24 53000 0 -6 3.9 7 7 n/a 16991 0Colgate-Palmolive, USA ƒ 176.03 2 5 8.4 1.7 6.1 2101 16 36 19.7 10662 11 28 291.3 9 24 36600 2 3 4.8 1 2 n/a 24873 -7International Flavors & Fragrances, USA ƒ 147.93 7 15 60.0 8.9 12.5 247 -1 11 14.8 1662 5 14 313.6 5 11 5300 0 2 27.9 7 13 75 2016 -5Shiseido, Japan ƒ 111.76 -10 -13 23.2 2.0 4.4 481 33 102 8.7 5551 4 10 192.8 -1 -2 28793 5 13 3.9 -14 -23 21 4712 -26Swatch, Switzerland 111.74 5 11 14.7 3.0 8.2 759 -6 29 20.5 3710 1 21 152.9 -7 6 24269 8 15 4.6 -3 -4 53 8487 -7Pou Chen, Taiwan ƒ 110.60 6 19 36.1 2.5 9.0 306 -6 20 6.9 4418 6 26 12.8 n/a n/a 345185 n/a n/a 0.3 n/a n/a n/a 1356 -10adidas, Germany 78.31 -4 -3 7.6 0.8 3.7 1025 14 39 9.8 10440 5 29 289.0 -15 -21 36129 24 62 2.2 -22 -43 56 6071 -30Lion, Japan ƒ 65.39 -3 3 121.9 2.5 5.6 54 -21 143 2.1 2595 -1 3 449.5 -1 4 5774 0 -1 11.3 -3 4 0 n/a n/aEstee Lauder, USA ƒ 56.27 9 13 10.0 1.0 5.5 561 8 16 10.2 5502 12 23 171.9 0 -3 32000 12 27 1.8 -3 -12 n/a 5171 -16PUMA, Germany 53.27 -4 14 16.9 2.2 6.1 314 -13 -13 12.9 2440 6 25 256.8 -7 -28 9503 14 65 5.6 -16 -34 49 2881 -23Avon Products, USA ƒ 48.69 -3 5 5.4 0.7 4.3 905 50 31 12.3 7365 8 23 175.3 8 29 42000 0 -6 1.2 -3 11 65 9686 -2434 Pharmaceuticals & biotechnology (116) 75095.37 7.6 27.3 79.5 16.4 21.3 94429 12.4 20.1 20.6 458014 5.8 19.4 319.8 5.6 14.6 1432272 0.2 5.1 52.4 7.4 22.9 n/a 1131237 -12.2Roche, Switzerland 5687.77 5 36 62.3 19.1 26.1 9130 -3 32 30.6 29809 -1 18 372.2 -3 6 80080 2 12 71.0 3 22 61 93646 -12Pfizer, USA ƒ 5525.80 -2 3 89.2 16.5 20.0 6193 13 -23 18.4 33590 0 -6 410.6 6 16 81800 -6 -19 67.6 4 26 n/a 74026 -18Johnson & Johnson, USA ƒ 5269.86 -1 15 44.6 11.9 16.7 11826 30 28 26.7 44336 4 20 373.5 5 18 118700 0 2 44.4 -1 14 n/a 115154 -16Novartis, Switzerland 5021.56 13 39 76.2 17.4 22.7 6590 26 28 22.9 28835 4 21 298.1 6 16 96717 -2 4 51.9 14 34 57 82336 -22Sanofi-Aventis, France 4454.76 1 20 88.9 16.7 21.6 5010 -20 22 18.8 26651 -2 12 271.4 0 12 98213 -1 0 45.4 2 20 56 59236 -11GlaxoSmithKline, UK 3708.00 14 16 51.8 15.2 21.2 7156 -6 2 29.4 24352 7 11 240.8 10 11 101133 -2 0 36.7 17 16 66 60082 -9AstraZeneca, UK 3503.27 1 28 55.0 15.9 19.5 6367 13 34 29.0 21979 7 25 332.5 10 25 66100 -3 0 53.0 4 28 65 40081 6Merck, USA ƒ 3342.12 -2 10 50.2 20.1 25.6 6660 224 61 40.1 16588 -1 4 300.5 7 15 55200 -8 -10 60.5 7 21 n/a 45440 -13Eli Lilly, USA ƒ 2671.37 10 25 n/m 18.8 23.5 -897 -133 -139 -6.3 14173 9 30 350.0 10 35 40500 0 -4 66.0 10 30 46 26276 -30Bristol-Myers Squibb, USA ƒ 2493.39 9 24 77.2 16.8 21.2 3228 24 24 21.7 14860 7 12 424.6 28 36 35000 -17 -18 71.2 31 51 n/a 30049 1Schering-Plough, USA ƒ 2454.44 21 64 147.0 19.1 23.1 1670 n/a n/a 13.0 12868 46 80 252.3 57 31 51000 -7 35 48.1 30 21 70 30819 35Wyeth, USA ƒ 2346.09 4 17 55.8 14.8 20.9 4202 -5 45 26.5 15881 2 16 334.9 9 23 47426 -6 -6 49.5 10 24 53 43632 9Takeda Pharmaceutical, Japan ƒ 2116.04 43 74 58.1 20.1 22.4 3642 -13 1 34.5 10548 5 16 671.2 0 10 15717 5 6 134.6 36 64 49 21996 -30Amgen, USA ƒ 2107.39 -7 10 58.1 20.2 24.7 3626 31 30 34.8 10435 2 15 617.4 5 17 16900 -3 -1 124.7 -4 13 22 42977 -9Boehringer Ingelheim, Germany ƒ 2038.86 22 43 108.7 18.2 23.9 1876 -8 3 16.7 11209 6 18 271.4 2 8 41300 4 9 49.4 17 31 67 n/l n/lAbbott Laboratories, USA ƒ 1870.09 7 30 43.3 9.1 13.5 4323 40 53 21.1 20537 14 31 297.6 12 21 69000 1 8 27.1 6 21 n/a 47696 -24Daiichi Sankyo, Japan ƒ 1254.27 -4 n/a 114.8 18.6 21.5 1093 199 n/a 16.2 6753 -5 n/a 440.0 -5 n/a 15349 0 n/a 81.7 -4 n/a 36 10040 -33Merck, Germany 1193.35 10 56 170.0 16.3 21.6 702 88 5 9.6 7307 -11 14 228.5 -14 6 31971 4 8 37.3 6 45 49 4049 -23Eisai, Japan ƒ 1059.04 27 58 904.7 18.8 24.1 117 -85 -83 2.1 5634 9 27 527.2 -2 4 10686 11 23 99.1 15 30 58 7288 -4Astellas Pharma, Japan ƒ 1031.70 -20 23 50.1 13.8 16.6 2060 36 107 27.6 7462 6 41 546.1 7 n/a 13666 -2 n/a 75.5 -19 n/a 46 12425 -19Novo Nordisk, Denmark 961.85 0 31 60.5 16.3 20.1 1591 20 41 26.9 5917 9 27 227.0 2 7 26069 7 19 36.9 -7 11 62 21707 -5Genzyme, USA ƒ 880.71 79 130 218.4 27.5 40.5 403 -13 72 12.6 3203 21 54 291.2 10 20 11000 10 29 80.1 63 80 n/a 9511 -34150 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data151

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)34 Pharmaceuticals & biotechnology continuedBiogen Idec, USA ƒ 745.62 16 40 89.3 26.2 32.9 835 45 230 29.3 2850 29 56 606.4 18 29 4700 9 20 158.6 6 16 n/a 9800 -3UCB, Belgium 741.49 -2 35 678.8 21.3 24.2 109 -62 -69 3.1 3481 -1 21 308.3 6 0 11292 -7 20 65.7 5 14 46 4331 -15Celgene, USA ƒ 637.27 142 303 n/m 40.6 44.1 -1008 -446 -926 -64.3 1568 60 180 642.4 11 42 2441 45 109 261.1 67 99 n/a 16823 -28Allergan, USA ƒ 554.95 11 27 100.2 18.1 22.4 554 11 75 18.1 3063 11 55 350.4 0 11 8740 11 41 63.5 0 -7 n/a 11631 1Teva Pharmaceutical Industries, Israel ƒ 546.67 35 76 90.6 7.1 13.2 604 -64 -32 7.8 7710 18 59 201.3 -14 -15 38307 37 84 14.3 -1 -8 85 32744 23Gilead Sciences, USA ƒ 479.20 23 99 24.8 12.9 15.1 1930 29 253 52.0 3711 26 101 1078.5 9 38 3441 16 52 139.3 6 36 46 28270 -20Forest Laboratories, USA ƒ 459.94 -1 14 73.8 17.2 18.3 623 -19 -3 23.3 2674 10 23 511.8 10 21 5225 0 2 88.0 -2 12 n/a 5778 -27Dainippon Sumitomo Pharma, Japan ƒ 362.66 16 82 130.4 17.9 20.6 278 -3 84 13.7 2026 1 24 422.4 4 -9 4795 -2 28 75.6 18 42 7 2658 13Shire, UK ƒ 357.56 -1 56 160.8 17.0 24.8 222 n/a >999 10.6 2104 24 68 558.4 13 14 3769 10 47 94.9 -10 8 n/a 5586 10Shionogi, Japan ƒ 309.13 8 25 105.2 18.8 24.2 294 26 61 17.9 1644 7 8 330.0 7 14 4982 0 -5 62.1 7 31 15 5518 7Ono Pharmaceutical, Japan ƒ 299.14 10 19 76.4 26.7 27.8 392 -9 -10 35.0 1119 3 1 418.6 3 n/a 2674 0 n/a 111.9 10 n/a 0 3957 -10Lundbeck, Denmark 290.09 2 25 96.2 19.8 26.5 302 -11 4 20.6 1465 3 16 281.4 1 13 5208 1 2 55.7 1 22 43 2792 -18Vertex Pharmaceuticals, USA ƒ 263.09 4 96 n/m 215.5 233.9 -322 n/m n/m -263.6 122 -12 3 91.6 -24 -28 1333 16 46 197.4 -10 42 n/a 4312 52Kyowa Hakko Kogyo(now Kyowa Hakko Kirin), Japan ƒ261.71 2 10 108.4 8.7 12.4 241 46 65 8.0 3009 11 11 495.4 5 8 6073 6 2 43.1 -3 7 12 4687 7Cephalon, USA ƒ 251.92 -2 3 179.7 18.3 22.2 140 n/a n/a 10.2 1373 11 37 494.0 12 33 2780 -1 3 90.6 -1 0 19 2886 -19Actelion, Switzerland ƒ 244.74 28 85 100.9 25.4 31.3 243 160 126 25.2 963 12 73 506.8 n/a n/a 1900 n/a n/a 128.8 n/a n/a 54 4791 3Mylan, USA ƒ 220.63 63 160 142.5 6.2 9.4 155 n/a n/a 4.3 3573 77 192 297.8 77 27 12000 0 98 18.4 63 9 47 2971 0Elan, Ireland 220.34 39 53 n/m 41.6 49.4 -106 n/m n/m -19.9 530 48 60 314.8 45 67 1683 2 -5 130.9 37 60 n/a 2489 -30Nycomed, Luxembourg 203.69 -20 135 59.8 6.6 8.4 340 -1 239 11.0 3086 -9 131 263.8 -7 23 11695 -2 113 17.4 -19 44 n/a n/l n/lMillennium Pharmaceuticals, USA(now part of Takeda Pharmaceutical, Japan) ƒ199.68 -10 -6 n/m 54.4 57.8 -17 n/m n/m -4.5 367 8 10 379.8 6 37 966 2 -24 206.7 -12 19 n/a n/l n/lTaisho Pharmaceutical, Japan ƒ 189.86 -13 0 69.4 9.9 11.5 273 78 -23 14.3 1916 3 -7 359.6 1 -8 5327 3 1 35.6 -15 -1 n/a 3972 -14Genmab, Denmark 184.81 70 165 n/m 190.9 200.3 -113 n/m n/m -116.8 97 41 288 171.3 -28 84 565 94 139 327.1 -12 14 n/a 1270 -37Exelixis, USA ƒ 179.02 14 49 n/m 218.4 231.2 -125 n/m n/m -152.1 82 4 38 121.3 13 28 676 -8 10 264.8 24 37 n/a 419 2Mannkind, USA ƒ 174.18 -2 66 n/m >999 >999 -213 n/m n/m >-999 999 >999 -166 n/m n/m >-999 7 -49 -55 13.7 -50 -67 499 2 35 281.5 53 106 0 284 n/aHuman Genome Sciences, USA ƒ 135.13 -5 -4 n/m 401.2 421.3 -182 n/m n/m -539.9 34 16 114 38.3 12 102 880 4 5 153.6 -8 -9 n/a 1769 170Ipsen, France 132.63 -13 -1 70.9 13.2 19.1 187 -3 13 18.6 1004 4 16 245.9 -1 6 4082 6 9 32.5 -18 -9 17 2685 -13Novozymes, Denmark 129.24 12 26 66.9 12.2 23.3 193 1 17 18.3 1058 10 23 211.9 3 4 4993 7 18 25.9 5 7 62 3284 -10Medarex, USA ƒ 124.39 0 17 n/m 342.0 351.2 -137 n/m n/m -376.8 36 -7 24 74.5 -5 22 488 -2 3 254.9 3 14 n/a 1431 91Watson Pharmaceuticals, USA ƒ 118.32 17 29 46.1 6.7 9.2 257 40 377 14.6 1763 2 31 347.8 13 22 5070 -10 6 23.3 31 18 n/a 2527 23PDL BioPharma, USA ƒ 116.08 -20 -13 208.7 43.0 43.8 56 n/a n/a 20.6 270 -16 24 45026.3 >999 >999 6 -99 -99 19346.7 >999 >999 41 706 -25Merial, UK ƒ 110.79 25 12 24.1 6.5 12.3 461 30 86 26.8 1715 12 22 318.7 7 28 5383 5 -5 20.6 20 19 68 n/l n/lCSL, Australia ƒ 109.17 18 50 23.5 6.3 12.5 465 22 95 26.9 1725 12 36 185.9 2 10 9276 10 22 11.8 7 23 n/a 11681 -7Chiesi Farmaceutici, Italy ƒ 104.21 17 42 122.0 14.4 17.4 85 32 65 11.8 724 14 28 233.5 7 15 3100 7 12 33.6 9 27 n/a n/l n/lIncyte, USA ƒ 101.34 39 55 n/m >999 >999 -111 n/m n/m >-999 3 -89 -81 12.9 -89 -83 212 8 14 478.0 28 36 n/a 394 -38King Pharmaceuticals, USA ƒ 100.97 -3 34 n/m 9.3 12.9 -155 -198 -254 -14.3 1089 -27 -13 320.9 -56 -35 3392 65 30 29.8 -41 -2 n/a 1785 3Santen Pharmaceutical, Japan ƒ 99.30 -5 -1 63.2 12.5 15.6 157 0 14 19.8 793 3 8 319.5 0 2 2483 3 6 40.0 -8 -6 10 1860 19Life Technologies, USA ƒ 99.11 23 44 86.3 8.8 13.8 115 -11 120 10.2 1127 24 35 116.2 -45 -38 9700 126 119 10.2 -45 -34 n/a 5622 105Almirall, Spain 94.93 -3 50 61.4 10.9 13.0 155 31 42 17.7 873 14 20 257.7 3 7 3387 10 12 28.0 -12 34 n/a 1360 -42OSI Pharmaceuticals, USA ƒ 94.13 10 1 92.4 31.9 33.1 102 158 n/a 34.6 295 12 75 600.2 18 102 491 -5 -12 191.7 15 14 n/a 1312 -35Orion, Finland 92.42 6 n/a 51.8 13.5 18.1 179 -2 n/a 26.0 687 4 n/a 210.1 0 n/a 3270 3 n/a 28.3 3 n/a 21 1692 -10Myriad Genetics, USA ƒ 89.68 45 111 371.1 38.6 42.7 24 n/a n/a 10.4 232 112 225 233.4 81 132 994 17 45 90.2 24 50 n/a 1714 -15Zymogenetics, USA ƒ 88.11 -11 9 n/m 171.2 177.7 -82 n/m n/m -160.3 51 92 108 97.1 107 88 530 -7 9 166.2 -4 1 n/a 248 -36152 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data153

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)34 Pharmaceuticals & biotechnology continuedCubist Pharmaceuticals, USA ƒ 88.10 49 105 280.4 29.2 35.1 31 9 544 10.4 302 47 156 544.4 30 92 554 13 41 159.0 31 44 0 782 -10Kissei Pharmaceutical, Japan ƒ 87.17 8 11 290.1 18.5 22.6 30 124 -25 6.4 472 -4 -1 255.8 -8 -7 1844 4 7 47.3 5 4 n/a 960 12Hisamitsu Pharmaceutical, Japan ƒ 86.20 n/a n/a 36.9 9.4 16.5 234 n/a n/a 25.6 914 n/a n/a 521.4 n/a n/a 1752 n/a n/a 49.2 n/a n/a n/a 2297 n/aKyorin, Japan ƒ 83.07 26 9 198.0 13.4 15.9 42 -27 -26 6.7 622 5 15 310.5 1 n/a 2003 4 n/a 41.5 21 n/a n/a 854 39Krka, Slovenia 81.93 43 81 35.8 8.9 23.3 229 29 80 24.9 918 22 53 120.8 8 14 7602 12 36 10.8 28 35 0 2507 -28Seattle Genetics, USA ƒ 77.16 71 151 n/m 314.9 328.7 -64 n/m n/m -260.5 25 57 188 93.9 14 77 261 38 70 295.6 24 50 n/a 776 n/aEndo Pharmaceuticals, USA ƒ 76.65 -20 22 28.6 8.7 10.1 268 22 44 30.6 877 16 47 721.0 15 2 1216 1 39 63.0 -21 -12 n/a 1733 -9Rigel Pharmaceuticals, USA ƒ 76.28 90 182 n/m n/a n/a -95 n/m n/m n/a 0 -100 -100 0.0 -100 -100 181 14 18 421.4 67 141 n/a 211 -65Medicines, USA ƒ 73.53 37 66 n/m 30.4 35.9 -8 n/m n/m -3.1 242 35 82 534.5 -9 10 453 49 66 162.3 -8 0 n/a 289 -65Nektar Therapeutics, USA ƒ 73.37 56 53 n/m 117.0 137.9 -106 n/m n/m -168.7 63 -67 -51 185.6 -44 -2 338 -41 -52 217.1 165 218 66 490 73Abraxis Bioscience, USA ƒ 72.05 17 54 n/m 30.0 42.7 -207 n/m >-999 -86.1 240 3 -32 327.2 -13 18 734 19 -45 98.2 -2 122 n/a 826 -61NicOx, France 71.83 61 188 n/m >999 >999 -77 n/m n/m >-999 3 -84 -65 24.4 -86 -75 133 14 59 540.0 42 94 n/a 414 -10Pliva, Croatia 70.08 -7 -14 761.1 10.1 15.8 9 n/a -83 1.3 695 -2 -9 113.3 3 -3 6137 -6 -6 11.4 -2 -8 36 1448 -32Illumina, USA ƒ 69.53 35 165 124.2 17.4 27.9 56 n/a n/a 14.0 399 56 239 259.6 6 44 1536 48 168 45.3 -8 -1 n/a 3207 -23Medicis Pharmaceutical, USA ƒ 69.49 153 41 389.0 19.3 21.4 18 -74 -37 5.0 360 11 39 623.0 -9 -8 578 22 50 120.2 107 -6 n/a 723 -12Qiagen, The Netherlands ƒ 67.69 54 120 66.0 10.9 15.3 103 76 63 16.5 621 37 89 204.2 20 15 3041 14 62 22.3 35 35 n/a 2878 3Valeant Pharmaceuticals, USA ƒ 67.52 -7 -8 n/m 12.2 14.3 -99 -418 n/m -17.9 554 -12 -4 237.7 13 45 2331 -22 -36 29.0 20 41 n/a 1518 36Gedeon Richter, Hungary 66.92 2 32 52.5 7.8 17.1 127 -5 -15 14.8 859 5 25 82.7 -5 -6 10382 11 32 6.4 -8 0 n/a 2456 -8Mochida Pharmaceutical, Japan ƒ 65.90 4 n/a 62.5 11.5 13.6 105 33 86 18.4 572 1 8 338.2 7 11 1692 -6 -3 38.9 10 n/a n/a 856 -19Biovail, Canada ƒ 64.57 -2 33 75.5 12.3 15.2 85 -30 -47 16.2 527 -10 -19 379.1 -1 2 1389 -9 -23 46.5 9 62 n/a 1527 38Cell Genesys, USA ƒ 64.37 -13 -4 n/m 97.9 99.0 -62 n/m n/m -94.7 66 >999 >999 1078.3 >999 >999 61 -80 -80 1055.2 332 379 n/a 24 -86LFB, France ƒ 64.35 n/a n/a 371.1 18.9 30.0 17 n/a n/a 5.1 341 n/a n/a 222.5 n/a n/a 1531 n/a n/a 42.0 n/a n/a n/a n/l n/lBasilea Pharmaceutica, Switzerland ƒ 62.57 -17 13 n/m 812.8 845.1 -100 n/m n/m >-999 8 49 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 544 -50Ranbaxy Laboratories, India ƒ 61.59 0 0 n/m 5.8 9.5 -107 -200 -221 -10.1 1059 6 24 87.0 3 7 12174 3 16 5.1 -3 -15 n/a 1803 -49Nippon Shinyaku, Japan ƒ 60.60 -4 -10 121.8 13.3 16.3 50 30 35 10.9 456 6 10 265.0 8 12 1721 -2 -3 35.2 -2 -8 n/a 645 6InterMune, USA ƒ 60.03 -19 -8 n/m 178.9 183.1 -68 n/m n/m -202.6 34 -28 -58 258.2 -27 -32 130 -2 -39 461.8 -17 32 n/a 469 2Regeneron Pharmaceuticals, USA ƒ 59.68 -18 -12 n/m 36.0 50.6 -62 n/m n/m -37.7 166 91 123 180.5 42 61 919 35 43 64.9 -39 -42 n/a 1256 13Stada Arzneimittel, Germany 59.09 24 64 35.3 3.7 8.1 168 -2 27 10.5 1591 5 42 191.3 -2 -21 8318 7 69 7.1 16 -10 3 897 -57Affymetrix, USA ƒ 58.97 10 7 n/m 20.7 24.0 -167 >-999 >-999 -58.6 285 10 14 253.0 12 7 1128 -1 5 52.3 11 1 34 466 14BIAL, Portugal ƒ 57.76 73 n/a 313.8 40.8 42.4 18 -51 n/a 13.0 141 0 n/a 248.1 0 n/a 570 0 n/a 101.3 73 n/a n/a n/l n/lGalenica, Switzerland 57.70 101 91 34.3 3.3 5.8 168 65 123 9.5 1767 7 11 416.8 -24 -29 4239 40 56 13.6 44 21 5 1506 0Recordati, Italy 56.90 20 33 43.2 8.5 10.5 132 4 23 19.8 667 10 21 248.3 -9 -11 2685 21 36 21.2 -1 -2 10 979 -4Synta Pharmaceuticals, USA ƒ 56.74 26 53 n/m >999 >999 -65 n/m n/m >-999 2 252 >999 14.1 377 >999 129 -26 n/a 439.8 71 n/a n/a 78 n/aAltus Pharmaceuticals, USA ƒ 56.61 93 170 n/m >999 >999 -69 n/m n/m >-999 2 -92 -81 10.4 -92 -85 145 -9 7 390.4 113 122 n/a 7 n/aLexicon Pharmaceuticals, USA ƒ 56.61 45 104 n/m 251.8 258.6 -56 n/m n/m -247.3 22 -36 -50 64.8 2 -8 347 -37 -46 163.2 129 264 n/a 132 -21Zeltia, Spain 56.16 12 26 n/m 55.2 62.0 -35 n/m n/m -34.7 102 23 35 153.9 21 22 661 2 9 85.0 10 16 0 670 -46Gen-Probe, USA ƒ 56.00 0 36 56.2 17.0 25.4 100 44 58 30.3 329 17 42 331.7 17 29 991 0 11 56.5 0 25 n/a 1351 -40Orexigen Therapeutics, USA ƒ 55.13 58 189 n/m >999 >999 -66 n/m n/m >-999 999 686.1 n/m >999 197 29 93 257.9 123 -33 n/a 1229 n/aCrucell, The Netherlands 50.33 14 46 >999 19.5 25.4 2 n/a n/a 0.9 258 31 176 226.2 28 78 1142 2 72 44.1 11 -34 22 1078 37Perrigo, USA ƒ 50.21 9 56 36.5 4.0 6.4 137 171 n/a 10.8 1267 26 54 204.4 26 21 6200 0 20 8.1 9 28 n/a 1717 -25Intercell, Austria 49.99 55 100 n/m 92.7 162.4 -18 n/m n/m -32.6 54 17 171 165.4 -18 60 326 42 91 153.3 9 5 n/a 1201 -19Osiris Therapeutics, USA ƒ 48.61 43 161 n/m 201.4 201.8 -44 n/m n/m -181.2 24 128 326 148.1 86 n/a 163 23 n/a 298.2 17 n/a n/a 271 n/aTheravance, USA ƒ 48.49 -52 -45 n/m 301.9 306.3 -65 n/m n/m -403.6 16 5 48 84.1 71 119 191 -39 -31 253.9 -21 -19 n/a 543 -16154 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data155

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)35 Real estate investment & services (0) n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo companies with sufficient R&D for inclusion n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a36 Real estate investment trusts (0) n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/aNo companies with sufficient R&D for inclusion n/a n/a n/a n/m n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a37 Software & computer services (69) 27535.99 9.3 27.9 66.2 10.2 14.7 41585 -13 7.1 15.4 270626 5.4 20.6 217.7 1 2.6 1239239 4.2 17.3 22.1 4.6 9.5 n/a 643424 -11Microsoft, USA ƒ 6266.52 10 28 44.4 15.4 20.8 14124 -9 13 34.8 40643 -3 19 437.0 -5 -3 93000 2 23 67.4 8 4 43 146830 -16IBM, USA ƒ 4183.48 5 10 33.1 5.8 9.8 12633 14 30 17.5 72075 5 10 180.9 2 -4 398455 3 14 10.5 2 -4 65 108103 -11Fujitsu, Japan ƒ 1985.06 2 5 215.8 4.9 9.9 920 -45 -23 2.2 40902 5 10 244.4 1 3 167374 4 7 11.9 -2 -2 n/a 9479 -13Google, USA ƒ 1942.69 32 157 50.4 12.8 23.6 3854 8 95 25.4 15159 31 139 749.6 9 5 20222 20 124 96.1 9 16 51 101282 -3Oracle, USA ƒ 1924.47 1 33 33.6 11.9 14.2 5731 5 46 35.4 16172 4 40 188.0 2 8 86000 2 30 22.4 -1 3 n/a 76477 -6SAP, Germany 1572.89 11 34 61.6 14.1 16.6 2553 -2 10 22.8 11190 13 30 216.7 -8 -8 51638 22 41 30.5 -9 -5 46 39885 -20Yahoo!, USA ƒ 953.39 15 81 n/m 19.0 28.4 -10 -102 -101 -0.2 5014 3 30 368.6 9 3 13600 -5 26 70.1 21 50 n/a 14680 -24Symantec, USA ƒ 611.84 -2 27 n/m 14.3 18.7 -4494 -951 >-999 -105.1 4277 5 38 245.8 6 9 17400 -1 22 35.2 -1 3 51 8639 -32Adobe Systems, USA ƒ 460.47 8 45 63.1 18.5 21.6 729 21 53 29.3 2490 13 53 339.4 8 12 7335 5 34 62.8 2 6 n/a 11783 -26Intuit, USA ƒ 452.09 25 58 100.1 21.2 29.7 452 2 19 21.1 2137 13 36 260.6 13 23 8200 0 12 55.1 25 43 n/a 6828 4CA, USA ƒ 431.91 -1 -7 55.6 14.5 16.5 776 35 239 26.1 2971 0 10 225.0 4 23 13200 -4 -11 32.7 3 5 n/a 8219 -4Autodesk, USA ƒ 400.68 19 61 235.3 24.9 28.3 170 -45 -30 10.6 1610 7 37 206.4 0 -10 7800 7 50 51.4 11 7 n/a 4032 -24Cadence Design Systems, USA ƒ 329.33 -9 4 n/m 45.6 55.0 -1106 -604 -965 -153.0 722 -36 -26 147.4 -30 -23 4900 -8 -4 67.2 -1 9 38 1084 -14UBIsoft Entertainment, France 294.28 35 125 305.9 32.8 33.9 96 165 419 10.7 897 36 63 217.9 24 18 4118 10 37 71.5 22 71 48 1141 -64Synopsys, USA ƒ 276.64 4 17 208.1 29.8 32.7 133 36 214 14.3 930 10 22 163.4 1 4 5691 10 17 48.6 -5 0 n/a 2016 -17Dassault Systemes, France 274.87 -3 7 122.8 21.3 25.0 224 -5 2 17.3 1290 6 29 163.9 0 0 7875 6 29 34.9 -8 -19 54 2884 -72Citrix Systems, USA ƒ 228.90 42 119 191.5 20.8 32.2 120 -15 -11 10.9 1101 14 52 218.5 4 7 5040 9 42 45.4 30 60 n/a 4532 21SunGard Data Systems, USA ƒ 226.04 9 21 86.2 5.8 12.8 262 -33 -34 6.7 3892 14 35 194.6 2 5 20000 12 28 11.3 -2 -6 26 n/l n/lCerner, USA ƒ 202.65 3 6 108.5 17.4 23.8 187 32 72 16.0 1166 10 34 155.4 16 24 7500 -5 9 27.0 8 -3 n/a 3591 44BMC Software, USA ƒ 201.21 3 5 78.7 15.5 17.0 256 3 105 19.6 1302 8 19 224.5 8 27 5800 0 -7 34.7 3 13 n/a 4462 0Mentor Graphics, USA ƒ 181.08 13 19 n/m 33.0 38.1 -49 -210 -268 -9.0 549 -3 5 122.0 -6 -4 4500 3 9 40.2 10 9 n/a 503 -43McAfee, USA ƒ 175.28 16 33 137.6 15.8 18.8 127 15 -29 11.4 1113 22 47 198.7 -7 -7 5600 32 58 31.3 -12 -17 47 4685 16Indra Sistemas, Spain 160.81 7 61 62.2 7.0 8.4 259 22 73 11.2 2300 10 63 94.2 -1 -30 24430 11 109 6.6 -3 -31 18 2642 -12Amdocs, UK ƒ 156.83 -2 31 55.6 7.1 11.4 282 11 22 12.8 2199 11 39 118.7 5 7 18535 6 29 8.5 -8 2 83 3475 -23Sage, UK 139.70 25 54 52.2 10.8 12.7 267 4 22 20.6 1295 12 46 86.1 1 -2 15039 11 49 9.3 13 2 46 2789 6Novell, USA ƒ 137.81 -5 1 n/m 20.6 24.5 -15 n/m -122 -2.2 670 0 -12 167.5 2 8 4000 -2 -20 34.5 -3 22 n/a 1100 -17Sybase, USA ƒ 137.45 5 12 94.1 17.5 20.3 146 25 63 18.6 787 10 29 197.1 10 24 3995 0 4 34.4 5 8 n/a 1959 3Fujitsu Siemens Computers, The Netherlands(now part of Fujitsu, Japan) ƒ129.64 -8 -5 185.2 2.0 2.7 70 1 -14 1.1 6394 -5 6 600.8 -4 -23 10643 -1 35 12.2 -7 -32 n/a n/l n/lParametric Technology, USA ƒ 126.60 12 36 164.8 17.0 19.4 77 23 59 10.3 744 14 35 146.3 -1 3 5087 14 31 24.9 -2 4 66 1110 -31Invensys, UK 114.00 14 8 63.7 5.0 6.4 179 -45 1 7.8 2284 -9 -15 103.2 7 15 22139 -15 -27 5.1 34 47 55 2085 -9Prithvi Information Solutions, India ƒ 113.45 45 n/a >999 70.8 71.1 11 -22 n/a 6.8 160 46 n/a 58.3 -7 n/a 2751 57 n/a 41.2 -8 n/a n/a 17 -63Teradata, USA ƒ 111.28 -6 n/a 47.3 9.1 10.2 235 6 n/a 19.2 1225 4 n/a 191.5 -5 n/a 6400 8 n/a 17.4 -14 n/a n/a 3238 n/aDST Systems, USA ƒ 107.87 -1 -13 42.4 6.8 11.7 254 -10 -12 16.0 1590 -1 -4 145.8 0 -5 10900 -1 1 9.9 0 -14 9 1580 -30Quest Software, USA ƒ 106.74 25 54 194.1 20.9 22.5 55 16 38 10.8 511 17 43 147.1 12 16 3477 4 24 30.7 20 24 42 981 -3Polaris Software Lab, India ƒ 106.31 13 38 >999 67.7 73.4 10 -39 -6 6.6 157 6 34 15.5 -10 -16 10093 19 58 10.5 -5 -13 66 190 18Wincor Nixdorf, Germany 101.05 8 25 54.2 4.5 7.1 186 13 53 8.3 2241 8 25 249.4 -2 -4 8989 11 30 11.2 -2 -4 22 1196 -29Misys, UK 99.50 38 13 211.3 14.4 16.1 47 -23 -25 6.8 692 32 -16 128.0 22 -7 5411 9 -9 18.4 27 24 75 1009 14Mindtree, India ƒ 99.47 47 149 >999 56.3 68.7 9 -30 -18 5.3 177 67 109 n/a n/a n/a n/a n/a n/a n/a n/a n/a 85 261 21Red Hat, USA ƒ 97.43 27 113 169.7 21.5 25.2 57 17 26 12.6 454 25 87 162.1 -2 1 2800 27 85 34.8 0 21 n/a 2827 -6Unisys, USA ƒ 89.72 -28 -61 >999 2.5 3.9 6 -90 n/a 0.2 3640 -7 -9 130.0 -1 8 28000 -7 -16 3.2 -23 -53 n/a 543 -45VeriSign, USA ƒ 85.87 -35 2 261.0 7.9 15.6 33 n/a -23 3.0 1082 3 5 328.1 33 33 3297 -22 -22 26.0 -16 32 n/a 2815 -30Nuance Communications, USA ƒ 79.97 44 124 363.3 13.2 15.3 22 -19 217 3.6 604 44 157 99.0 -8 -24 6100 56 224 13.1 -8 -39 23 2462 -1156 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data157

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)37 Software & computer services continuedRealNetworks, USA ƒ 79.07 11 50 n/m 18.8 23.7 -171 -967 -262 -40.7 421 7 56 211.1 2 0 1993 4 50 39.7 6 -5 n/a 258 -58Salesforce.com, USA ƒ 76.32 47 n/a 174.4 10.2 15.9 44 208 n/a 5.8 749 44 n/a 210.0 5 n/a 3566 37 n/a 21.4 7 n/a n/a 4047 n/aTIBCO Software, USA ƒ 74.14 15 36 162.3 16.5 17.9 46 3 0 10.2 448 12 34 216.5 2 3 2070 9 30 35.8 5 5 n/a 1143 8Software, Germany 73.69 16 50 42.2 10.6 11.1 175 28 67 25.1 697 16 48 195.5 12 17 3563 3 26 20.7 12 19 n/a 1558 7Open Text, Canada ƒ 73.65 34 71 105.6 14.6 15.5 70 94 225 13.8 505 22 70 173.1 13 31 2915 8 30 25.3 24 32 53 1550 40Infogrames Entertainment (now Atari), France 73.09 47 -8 n/m 26.0 27.2 -57 n/m n/m -20.3 281 -5 -42 506.4 3 14 555 -8 -49 131.7 60 77 30 61 -59Gsi Commerce, USA ƒ 72.32 58 160 n/m 10.8 16.7 -7 n/m -601 -1.1 673 29 81 150.4 35 -3 4470 -4 69 16.2 65 48 n/a 588 n/aCompuware, USA ƒ 70.61 -11 -30 50.3 9.3 11.0 140 26 43 18.5 758 -11 -11 151.5 12 30 5006 -21 -32 14.1 13 3 n/a 1231 -39Gameloft, France 68.31 30 71 n/m 64.0 66.6 -3 n/m n/m -3.0 107 15 88 26.6 -2 -2 4014 18 88 17.0 11 11 57 207 -15Kpit Cummins Infosystems, India ƒ 63.77 20 73 317.6 56.3 57.1 20 120 201 17.7 113 32 94 24.7 29 14 4576 2 63 13.9 17 0 n/a 62 -28Check Point Software Technologies, Israel ƒ 63.73 13 56 26.5 11.3 12.4 240 24 21 42.7 562 11 35 298.5 12 11 1884 -1 21 33.8 14 31 88 4183 13Autonomy, UK 62.30 29 123 48.6 17.8 20.6 128 112 372 36.6 350 47 167 280.4 33 37 1248 10 94 49.9 17 12 n/a 3078 39Progress Software, USA ƒ 61.06 9 25 136.4 17.0 18.6 45 12 24 12.5 359 4 21 186.2 -10 2 1926 16 19 31.7 -6 5 n/a 632 -26Lawson Software, USA ƒ 59.38 0 25 274.3 10.0 12.7 22 n/a 733 3.7 593 14 85 141.1 3 4 4200 11 65 14.1 -9 -35 50 708 -27Wind River Systems, USA (now part of Intel) ƒ 58.35 3 19 >999 23.3 26.1 4 n/a 13 1.4 250 9 29 149.5 -1 -2 1673 11 32 34.9 -7 -10 48 n/l n/lTencent, China 57.36 81 172 18.2 7.9 16.4 314 103 259 43.1 729 87 211 117.7 31 18 6194 43 148 9.3 27 12 0 19227 80TietoEnator (now Tieto), Finland 55.97 -13 -4 53.1 3.1 7.1 105 n/a -1 5.8 1804 5 10 110.0 0 -5 16397 5 16 3.4 -18 -17 n/a 869 -13Nice Systems, Israel ƒ 55.45 31 94 213.7 12.8 15.2 26 14 46 6.0 434 21 67 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1115 -7Eclipsys, USA ƒ 55.37 2 8 849.5 15.4 20.3 7 -46 109 1.8 359 8 29 128.1 -7 0 2800 17 30 19.8 -12 -17 1 689 -20Fair Isaac, USA ƒ 54.32 11 1 63.1 10.5 13.5 86 -15 -26 16.6 518 -9 -5 208.9 3 8 2480 -12 -13 21.9 26 16 n/a 761 -4Blue Coat Systems, USA ƒ 53.33 49 128 >999 17.2 23.4 2 -90 -54 0.6 309 46 147 215.7 5 15 1434 39 117 37.2 7 6 57 517 30Informatica, USA ƒ 50.44 4 33 85.2 15.9 17.0 59 77 138 18.7 317 16 52 196.7 -1 5 1611 18 45 31.3 -12 -10 n/a 1155 8Akamai Technologies, USA ƒ 49.83 3 72 33.8 9.1 20.5 148 46 141 26.8 550 24 103 366.7 8 32 1500 15 60 33.2 -11 13 n/a 2183 -16ANSYS, USA ƒ 49.79 27 74 42.2 15.0 18.4 118 34 147 35.5 333 24 103 190.1 -1 13 1750 25 77 28.5 1 -7 67 2277 -9NCsoft, South Korea ƒ 49.55 8 63 324.0 25.9 40.9 15 -42 -56 8.0 192 5 7 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1520 118Trizetto, USA (now part of TZ Holdings) ƒ 49.12 37 68 141.6 15.6 19.5 35 191 680 11.0 314 30 50 157.1 4 17 2000 25 28 24.6 10 31 0 n/l n/lSopra, France 48.43 29 56 50.4 4.4 5.5 96 10 54 8.8 1092 13 37 90.4 0 6 12080 12 31 4.0 15 27 6 390 n/a38 Support services (8) 1049.45 9.2 17.5 20.8 2.4 5.0 5041 -0.4 22.5 11.5 43781 7.5 28 119.0 4.3 3.7 368053 3.1 23.3 2.9 5.9 -6.3 n/a 43503 -11.1Automatic Data Processing, USA ƒ 365.77 8 7 30.4 6.0 8.1 1202 1 7 19.7 6104 -6 1 129.9 -8 -4 47000 2 6 7.8 6 1 n/a 13425 -15Accenture, Bermuda ƒ 271.37 27 39 12.9 1.5 2.8 2097 21 47 11.9 17606 18 41 94.7 8 0 186000 9 40 1.5 16 -3 n/a 15431 -11Giesecke & Devrient, Germany 108.23 12 46 64.2 6.6 12.3 169 9 74 10.3 1633 9 29 171.3 -1 5 9530 10 23 11.4 2 19 40 n/l n/lNSK, Japan ƒ 78.57 1 7 15.5 1.3 7.4 506 13 67 8.5 5924 8 26 236.3 1 9 25069 7 16 3.1 -5 -8 31 2468 -10Serco, UK 63.60 -16 8 42.8 2.0 3.4 149 11 43 4.8 3124 11 35 73.2 8 19 42684 3 14 1.5 -18 -4 18 2048 1Fidelity National Information, USA ƒ 58.98 -20 -15 16.9 1.9 3.7 349 -34 15 11.4 3072 -7 59 118.1 11 18 26000 -16 29 2.3 -5 -53 n/a 3253 7Fiserv, USA ƒ 51.47 30 37 8.3 1.5 5.6 617 14 21 18.2 3389 -3 12 169.5 21 30 20000 -20 -13 2.6 62 58 n/a 5166 -9Nalco, USA ƒ 51.47 12 22 n/m 1.8 4.9 -47 -114 -119 -1.6 2930 8 22 248.9 6 14 11770 2 7 4.4 10 14 n/a 1712 -2339 Technology hardware & equipment (159) 69105.45 4.7 20.4 264.5 8.6 13.6 26132 -52.8 -46.9 3.2 804650 3.6 18.9 247.0 -5 -1.3 2970709 7.5 18.8 22.6 -4 2.9 n/a 905771 -17.4Nokia, Finland 5144.04 1 29 107.0 10.5 12.6 4807 -17 -2 9.8 49024 -1 30 402.7 -18 -27 121723 21 76 42.3 -17 -29 n/a 34893 -51Intel, USA ƒ 3979.69 -1 6 81.3 15.2 29.1 4898 -13 -22 18.7 26141 -2 2 311.6 1 11 83900 -3 -8 47.4 2 15 80 73080 -21Cisco Systems, USA ƒ 3583.95 15 37 54.6 13.0 16.2 6559 8 28 23.9 27500 13 43 415.9 5 -2 66129 7 44 54.2 7 -7 46 85488 -12Hitachi, Japan ƒ 3285.23 4 9 151.6 3.8 8.0 2167 26 35 2.5 86140 10 20 221.0 8 9 389752 1 10 8.4 2 -2 19 8056 -54Alcatel-Lucent, France 3061.68 -6 49 n/m 18.6 21.1 -5027 n/m n/m -30.6 16419 -6 16 211.3 -7 2 77717 2 11 39.4 -8 34 65 5461 -46Ericsson, Sweden 2876.51 19 25 217.4 15.7 17.6 1323 -51 -51 7.2 18376 11 29 232.6 3 -1 78989 8 30 36.4 10 -5 50 21273 -11Motorola, USA ƒ 2857.84 -7 8 n/m 13.6 15.3 -1929 n/m -197 -9.2 20967 -18 -19 327.6 -15 -15 64000 -3 -5 44.7 -4 13 51 11590 -20NEC, Japan ƒ 2702.33 5 22 301.5 7.6 10.3 896 -1 9 2.5 35426 -1 -5 231.7 0 n/a 152922 -1 n/a 17.7 7 n/a n/a 4914 -23Hewlett-Packard, USA ƒ 2464.18 -2 0 33.8 3.0 5.5 7284 20 83 8.8 82323 14 31 256.5 -39 -36 321000 87 104 7.7 -47 -51 n/a 73174 -6Qualcomm, USA ƒ 1586.45 25 79 61.1 20.5 33.0 2595 29 48 33.5 7749 26 65 503.2 4 11 15400 20 51 103.0 4 22 91 53333 -16158 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data159

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)39 Technology hardware & equipment continuedSTMicroelectronics, The Netherlands 1493.25 19 34 n/m 21.9 35.8 -431 n/m -408 -6.3 6810 -2 5 131.5 -1 3 51810 -1 2 28.8 20 32 n/a 4817 -38EMC, USA ƒ 1424.28 16 51 133.9 13.8 18.4 1064 -12 12 10.3 10346 12 41 245.8 1 -2 42100 12 43 33.8 4 6 42 21334 3Texas Instruments, USA ƒ 1349.28 -10 -7 80.7 15.5 21.6 1673 -31 -20 19.2 8695 -10 -8 294.4 -8 2 29537 -2 -10 45.7 -8 3 n/a 21021 -8Sun Microsystems, USA ƒ 1347.20 -4 -7 431.4 14.0 17.7 312 24 n/a 3.2 9654 0 13 276.6 -2 10 34900 2 3 38.6 -6 -9 n/a 4786 -16Advanced Micro Devices, USA ƒ 1285.30 0 44 n/m 31.4 42.0 -1561 n/m n/m -38.2 4090 -2 5 278.3 9 -1 14700 -10 0 87.4 12 40 88 1714 -19Nortel Networks, Canada ƒ 1094.03 -9 -16 n/m 15.1 16.6 -1541 >-999 n/m -21.3 7248 -5 -2 241.6 3 10 30000 -8 -12 36.5 -1 -5 51 34 -98Broadcom, USA ƒ 1041.64 11 63 880.4 32.2 33.9 118 92 -29 3.7 3240 23 49 437.7 6 -4 7402 17 54 140.7 -5 9 n/a 9212 3Ricoh, Japan ƒ 967.02 10 18 68.5 5.7 9.5 1412 2 27 8.3 17033 7 17 204.2 5 8 83400 2 9 11.6 8 8 47 6882 -21NXP, The Netherlands 833.91 -18 n/a n/m 22.0 29.0 -1770 -734 n/a -46.8 3786 -15 n/a 125.5 5 n/a 30174 -20 n/a 27.6 2 n/a n/a n/l n/lFreescale Semiconductor, USA ƒ 792.88 0 1 n/m 21.8 26.4 -5447 n/m n/m -149.9 3635 -9 -11 158.7 -7 n/a 22900 -1 n/a 34.6 1 n/a n/a n/l n/lApple, USA ƒ 778.97 31 73 17.9 3.4 6.8 4341 43 185 19.2 22589 35 98 705.9 -9 6 32000 48 94 24.3 -12 -11 n/a 103912 3Applied Materials, USA ƒ 767.93 -3 4 85.1 13.6 17.1 903 -45 -31 16.0 5654 -16 -4 381.4 -18 -13 14824 2 11 51.8 -5 -6 81 12563 -28Seagate Technology, Cayman Islands ƒ 714.98 14 36 73.5 8.1 15.4 972 122 105 11.0 8839 12 48 163.7 12 36 54000 0 9 13.2 14 24 29 4170 n/aInfineon Technologies, Germany 650.62 -4 -37 n/m 11.0 16.1 -3529 n/m n/m -59.8 5903 -21 -17 139.0 -20 -25 42455 0 10 15.3 -4 -44 n/a 3478 -22Marvell Technology, Bermuda ƒ 646.82 -4 69 563.0 31.5 34.0 115 n/a 55 5.6 2052 2 47 369.6 -2 -7 5552 4 48 116.5 -8 17 n/a 5895 -8Seiko Epson, Japan ƒ 635.84 -2 -7 164.9 6.1 11.1 386 219 37 3.7 10342 -5 -8 116.3 -6 -10 88925 1 2 7.2 -4 -9 46 2108 -49Konica Minolta, Japan ƒ 624.33 13 28 73.3 7.6 13.5 852 15 853 10.4 8222 4 7 259.2 -1 9 31717 5 -2 19.7 7 30 52 3303 -39Nvidia, USA ƒ 595.27 24 77 n/m 25.0 36.9 -61 -110 -120 -2.6 2382 -16 19 439.5 -23 -26 5420 9 56 109.8 14 12 91 5098 17Xerox, USA ƒ 521.63 -2 -1 313.8 4.3 5.4 166 -86 -80 1.4 12246 4 11 214.5 5 9 57100 -1 2 9.1 -1 -3 n/a 5120 -40ASML, The Netherlands 516.03 9 39 144.1 18.1 29.3 358 -57 -44 12.5 2855 -22 -5 417.5 -30 -24 6840 10 27 75.4 -1 11 91 7660 8Juniper Networks, USA ƒ 508.52 17 72 105.3 20.5 25.1 483 72 >999 19.4 2485 26 67 354.2 6 7 7014 19 58 72.5 -2 12 51 8976 -5Tokyo Electron, Japan ƒ 490.31 12 32 38.9 7.1 9.2 1261 14 125 18.1 6952 6 35 666.6 -3 17 10429 9 15 47.0 2 14 n/a 6980 -4Research In Motion, Canada ƒ 476.22 90 220 25.2 6.2 13.7 1893 57 264 24.6 7696 84 255 641.3 29 83 12000 43 109 39.7 33 61 n/a 28863 -42Micron Technology, USA ƒ 472.95 -16 -4 n/m 11.6 54.9 -1147 n/m >-999 -28.2 4062 3 15 178.2 6 5 22800 -3 9 20.7 -13 -13 75 3958 47LSI, USA ƒ 467.74 3 43 n/m 25.1 30.1 -421 n/m n/m -22.6 1862 3 31 339.3 16 12 5488 -11 16 85.2 16 24 n/a 2304 -26Dell, USA ƒ 461.12 9 30 21.2 1.1 1.8 2178 -8 -16 5.1 42496 0 9 555.5 8 0 76500 -7 7 6.0 18 20 48 19298 -45Taiwan Semiconductor Manufacturing, Taiwan ƒ 455.26 20 42 20.4 6.4 24.2 2233 -9 -2 31.6 7061 3 13 309.1 4 1 22843 -1 12 19.9 21 27 72 32258 -9MediaTek, Taiwan ƒ 450.89 132 228 110.6 23.5 25.4 408 -39 -12 21.3 1916 12 57 897.8 -5 -3 2134 17 61 211.3 98 105 n/a 11152 28Corning, USA ƒ 436.08 11 33 38.6 10.5 42.8 1129 31 90 27.3 4137 2 22 153.2 -7 13 27000 9 8 16.2 2 23 n/a 17159 -21ZTE, China ƒ 435.54 33 66 126.6 9.6 11.4 344 59 120 7.6 4515 27 76 73.6 0 2 61350 27 71 7.1 5 -4 n/a 6294 13Hynix Semiconductor, South Korea ƒ 423.52 30 72 n/m 11.2 53.2 -1935 -733 -359 -51.4 3765 -21 -6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 6359 -11Maxim Integrated Products, USA ƒ 401.83 -12 28 135.6 28.1 38.7 296 21 -25 20.8 1428 2 18 145.5 2 6 9810 0 11 41.0 -12 17 n/a 3966 n/aAnalog Devices, USA ƒ 379.83 -8 2 86.6 20.2 26.1 439 11 8 23.4 1877 -2 4 208.5 5 8 9000 -6 -3 42.2 -1 5 77 5551 -13NetApp, USA ƒ 346.71 10 59 >999 14.6 23.1 33 -85 -84 1.4 2369 3 39 297.0 -1 1 7976 4 38 43.5 6 18 n/a 5505 -8Murata Manufacturing, Japan ƒ 324.41 9 20 36.0 6.7 26.6 902 1 33 18.6 4847 11 33 142.3 -4 7 34067 16 25 9.5 -6 -4 20 7441 8Western Digital, USA ƒ 322.72 52 78 46.1 5.7 13.4 700 142 255 12.5 5616 48 96 112.1 -13 -7 50072 69 111 6.4 -10 -16 76 4876 9ASUSTeK Computer, Taiwan ƒ 305.06 58 119 64.5 2.2 4.1 473 -32 4 3.3 14149 -12 39 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4795 -35Spansion, USA ƒ 300.33 -1 n/a n/m 18.9 37.8 -1583 n/m n/a -99.8 1587 -9 n/a 182.4 -2 n/a 8700 -6 n/a 34.5 6 n/a 87 16 -94SanDisk, USA ƒ 299.03 3 65 n/m 12.8 18.3 -1476 -853 -629 -63.3 2331 -14 19 653.8 -23 -43 3565 12 85 83.9 -8 -16 69 2666 5Lexmark, USA ƒ 294.41 5 19 156.9 9.3 14.2 188 -18 -47 6.0 3150 -9 -12 225.0 -10 -13 14000 1 1 21.0 3 18 59 967 -56Kla-Tencor, USA ƒ 285.14 -6 14 81.9 16.3 18.5 348 -15 13 19.9 1754 -8 20 292.3 -8 14 6000 0 6 47.5 -6 8 n/a 3638 -21Brother Industries, Japan ƒ 261.77 20 41 68.4 6.0 10.0 383 3 22 8.8 4346 1 13 182.5 -1 -1 23809 2 15 11.0 18 22 66 1943 -17Rohm, Japan ƒ 253.68 -2 1 52.3 8.9 22.5 485 -7 -17 16.9 2865 -5 -1 139.5 -6 -5 20539 1 4 12.4 -3 -3 8 5507 16Xilinx, USA ƒ 247.18 -1 3 96.3 19.5 21.6 257 -11 -4 20.2 1269 -1 5 403.6 8 9 3145 -8 -4 78.6 8 8 n/a 4126 -18Oce, The Netherlands 246.49 23 24 759.5 8.8 14.8 32 -73 -71 1.2 2812 -6 1 121.5 -3 2 23148 -3 -1 10.6 27 25 45 294 -54Advantest, Japan ƒ 234.07 3 17 141.7 16.7 23.3 165 -63 -44 11.8 1402 -22 -19 382.5 -23 -21 3666 1 2 63.8 3 14 10 3573 13Lam Research, USA ƒ 225.18 13 47 63.8 13.1 16.2 353 -36 20 20.5 1721 -4 49 453.0 -24 -1 3800 27 55 59.3 -10 -4 83 2564 -18National Semiconductor, USA ƒ 212.83 -16 -12 167.0 21.0 26.7 127 -64 -64 12.5 1016 -23 -26 175.1 -3 2 5800 -21 -27 36.7 6 20 n/a 2471 -31Tellabs, USA ƒ 212.27 -11 -6 n/m 17.7 20.5 -687 >-999 >-999 -57.1 1203 -10 -2 372.5 4 14 3228 -13 -15 65.8 2 10 32 1827 27160 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data161

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)39 Technology hardware & equipment continuedHarris, USA ƒ 191.26 17 64 40.0 5.2 7.3 478 -3 69 12.9 3694 25 60 223.9 21 31 16500 3 24 11.6 14 35 n/a 3073 -33Avago Technologies, Singapore ƒ 184.31 29 n/a 174.3 15.6 19.4 106 n/a n/a 8.9 1184 12 n/a 329.0 15 n/a 3600 -3 n/a 51.2 33 n/a n/a n/l n/lAtmel, USA ƒ 181.05 -4 -4 n/m 16.6 19.4 -10 -127 n/m -0.9 1090 -4 -7 170.3 11 17 6400 -14 -21 28.3 11 20 86 1242 -4Altera, USA ƒ 179.24 -3 14 63.7 18.9 21.8 281 47 33 29.6 951 8 17 344.5 4 4 2760 4 12 64.9 -7 2 n/a 3845 -20Brocade Communications, USA ƒ 177.75 20 55 >999 17.4 27.2 12 -82 -62 1.2 1020 19 86 360.0 -1 -2 2834 20 89 62.7 0 -22 n/a 2246 26United Microelectronics, Taiwan ƒ 175.36 -14 -8 n/m 8.5 20.4 -602 -855 -621 -29.4 2052 -15 -15 164.7 1 -15 12458 -15 -2 14.1 1 -7 n/a 3820 -11ON Semiconductor, USA ƒ 162.68 76 122 n/m 11.4 16.0 -257 -233 -263 -17.9 1429 31 46 100.8 8 14 14172 22 28 11.5 45 73 n/a 2301 -16Quanta Computer, Taiwan ƒ 155.00 37 57 36.5 0.9 1.9 425 -2 70 2.5 17352 5 54 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4862 27Lenovo, Hong Kong ƒ 153.02 -16 21 n/m 1.5 2.2 -147 -149 -209 -1.4 10364 -11 25 460.4 -9 n/a 22511 -3 n/a 6.8 -14 n/a 46 3059 -31Novellus Systems, USA ƒ 152.78 -9 -11 n/m 21.7 23.5 -76 -139 -147 -10.8 703 -36 -32 230.7 -22 -19 3048 -18 -16 50.1 11 6 n/a 1174 -21Teradyne, USA ƒ 150.55 6 -4 n/m 19.6 27.4 -277 >-999 -401 -36.0 770 -1 -17 202.6 -6 -5 3800 6 -14 39.6 0 9 79 958 -13Pitney Bowes, USA ƒ 147.95 3 18 22.9 3.4 7.2 647 3 -8 14.8 4355 2 12 123.9 5 2 35140 -3 7 4.2 6 8 n/a 3113 -37NCR, USA ƒ 146.75 14 -27 74.3 4.0 5.4 198 -25 -23 5.3 3697 -14 -13 165.0 -11 5 22400 -3 -18 6.6 18 -11 57 1512 -49OKI Electric, Japan ƒ 139.88 -14 -8 531.5 2.5 6.1 26 n/a -66 0.5 5522 0 5 243.9 -5 -3 22640 6 8 6.2 -19 -15 n/a 519 -30Linear Technology, USA ƒ 137.08 7 36 34.7 16.8 19.8 396 8 8 48.4 817 9 17 195.9 0 -3 4173 9 20 32.8 -1 14 n/a 4119 -19Wistron, Taiwan ƒ 136.24 46 109 69.1 1.4 3.0 197 10 103 2.1 9434 55 126 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2342 50Nanya Technology, Taiwan ƒ 135.57 -1 14 n/m 17.4 51.2 -745 n/m -938 -95.5 780 -32 -33 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 966 -23Cypress Semiconductor, USA ƒ 134.60 3 -16 n/m 10.7 13.1 -262 n/m n/m -20.9 1254 13 59 305.8 118 127 4100 -48 -30 32.8 99 12 n/a 1189 -58JDS Uniphase, USA ƒ 130.83 12 46 n/m 12.3 15.7 -54 n/m n/m -5.1 1064 10 55 149.9 8 40 7100 1 13 18.4 10 31 48 881 -49Realtek Semiconductor, Taiwan ƒ 125.79 95 173 >999 35.3 42.2 9 -69 -75 2.6 356 6 38 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 734 -63Com, USA ƒ 125.18 -13 16 120.0 13.7 14.9 104 n/a n/a 11.4 916 2 31 156.1 6 -1 5868 -4 18 21.3 -9 -11 n/a 1129 85Dainippon Screen Mfg, Japan ƒ 124.67 -4 21 156.9 5.8 11.0 79 -65 -44 3.7 2147 -7 11 425.9 -12 2 5041 5 9 24.7 -8 11 24 617 -1Chartered Semiconductor, Singapore ƒ 123.71 11 29 n/m 10.7 45.4 -31 -202 -270 -2.7 1155 23 40 192.4 n/a n/a 6004 n/a n/a 20.6 n/a n/a n/a 1050 n/aPalm, USA ƒ 123.25 -13 14 n/m 24.1 25.9 -213 n/m >-999 -41.6 512 -44 -49 545.1 -38 -41 939 -11 -13 131.3 -2 33 17 1392 179Ciena, USA ƒ 121.73 37 21 800.2 19.4 22.7 15 -40 n/a 2.4 628 16 74 284.9 -6 28 2203 23 37 55.3 12 -12 n/a 794 -23RF Micro Devices, USA ƒ 118.78 -18 -5 n/m 19.3 24.5 -592 n/m >-999 -96.1 617 -7 5 150.6 5 -15 4095 -12 22 29.0 -7 -24 n/a 944 45Integrated Device Technology, USA ƒ 112.11 -3 14 n/m 24.3 26.8 -731 >-999 n/m -158.5 461 -15 6 218.4 -5 26 2112 -10 -19 53.1 8 37 80 766 -39Inventec, Taiwan ƒ 110.78 26 79 169.3 1.4 1.4 65 -34 -16 0.8 8036 45 79 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1137 15PMC-Sierra, USA ƒ 109.64 -1 13 327.1 30.0 31.3 34 n/a n/a 9.2 365 17 44 343.2 13 37 1064 4 5 103.0 -4 7 80 1376 10CSR, UK 106.24 8 81 n/m 22.0 24.8 -5 -105 -107 -1.1 483 -18 21 460.7 -21 -29 1049 4 64 101.3 5 15 91 827 100Sanken Electric, Japan ƒ 104.90 7 23 233.8 7.4 12.0 45 -58 -48 3.2 1414 -10 8 136.3 -8 n/a 10379 -2 n/a 10.1 9 n/a 16 330 -29Skyworks Solutions, USA ƒ 101.55 16 -2 151.5 17.0 24.5 67 39 246 11.2 598 16 11 181.3 16 30 3300 0 -15 30.8 16 15 89 1327 23Nextwave Wireless, USA ƒ 100.36 -4 92 n/m 115.2 117.6 -366 n/m n/m -420.3 87 112 322 126.6 240 n/a 688 -38 n/a 145.9 55 n/a n/a 26 n/aIntersil, USA ƒ 99.86 7 17 n/m 18.7 22.8 -753 -814 >-999 -140.6 535 2 17 349.7 -1 9 1531 2 7 65.2 4 9 n/a 1173 -46UTStarcom, USA ƒ 99.80 -15 -31 n/m 8.7 9.6 -119 n/m n/m -10.4 1141 -34 -38 259.3 -23 -12 4400 -14 -31 22.7 -1 -1 n/a 150 -49Sunplus Technology, Taiwan ƒ 98.23 9 44 n/m 28.7 30.4 -15 -144 -130 -4.2 343 -20 -31 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 236 -30Lite-On Technology, Taiwan ƒ 97.77 23 45 41.0 1.8 4.9 239 20 11 4.3 5543 18 29 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1737 35Electronics For Imaging, USA ƒ 97.68 -1 15 n/m 25.1 27.1 -101 n/m >-999 -25.9 390 -10 9 192.8 -10 -4 2021 0 15 48.3 -1 0 n/a 371 -30Polycom, USA ƒ 94.09 -3 24 146.6 12.7 17.1 64 21 31 8.6 744 15 56 280.9 8 8 2648 7 46 35.5 -9 -16 n/a 1345 -8QLogic, USA ƒ 92.68 -1 17 78.2 21.0 25.9 119 28 -4 26.9 441 6 8 427.6 -4 -4 1031 11 12 89.9 -10 5 52 1185 -31Italtel, Italy 90.81 -9 4 n/m 20.1 22.1 -28 -369 -172 -6.3 452 -14 -14 195.0 -14 -12 2319 0 -1 39.2 -9 5 17 n/l n/lEmulex, USA ƒ 89.88 10 43 195.0 26.5 32.1 46 65 -3 13.6 340 4 21 398.1 -9 -15 853 14 41 105.4 -4 2 60 569 -19Logitech International, Switzerland ƒ 89.55 3 30 120.1 5.8 8.0 75 -63 -52 4.9 1536 -7 15 242.0 38 40 6348 -32 -18 14.1 53 60 n/a 2282 -35Conexant Systems, USA ƒ 87.05 -55 -53 n/m 24.9 26.1 -198 n/m n/m -56.5 350 -38 -41 273.3 40 24 1279 -56 -53 68.1 1 -1 93 85 -56Atheros Communications, USA ƒ 84.55 20 85 >999 25.7 27.3 7 -68 -37 2.2 329 13 76 304.5 -8 -18 1079 23 103 78.4 -2 -15 n/a 1047 -22Advanced Semiconductor Engineering, Taiwan ƒ 82.16 18 37 34.8 4.1 23.8 236 -38 8 11.8 2001 -7 2 74.2 n/a n/a 26977 n/a n/a 3.0 n/a n/a n/a 2791 -16Microchip Technology, USA ƒ 80.35 -4 9 50.5 12.8 24.1 159 -25 -26 25.3 628 -13 -6 128.3 -14 -15 4895 2 11 16.4 -6 -1 n/a 3439 -17Micronas Semiconductor, Switzerland 80.07 -35 -24 n/m 20.5 23.5 -33 n/m n/m -8.4 391 -16 -28 207.7 -4 -20 1880 -13 -11 42.6 -25 -14 44 85 -37Fairchild Semiconductor, USA ƒ 78.52 3 20 n/m 7.2 17.9 -102 -243 -274 -9.3 1095 -6 -1 112.1 -7 -6 9771 1 6 8.0 2 14 89 786 -29162 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data163

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)39 Technology hardware & equipment continuedZoran, USA ƒ 78.29 -1 18 n/m 25.7 27.0 -151 n/m n/m -49.5 305 -14 -1 216.2 -13 -17 1411 -1 18 55.5 0 0 93 413 35Arris, USA ƒ 78.27 58 73 n/m 9.8 11.7 -81 -201 -292 -10.2 796 15 50 433.1 25 -23 1838 -8 74 42.6 71 -15 n/a 1158 50Qisda, Taiwan ƒ 77.54 -12 -53 n/m 2.2 6.6 -20 n/m n/m -0.6 3592 1 -9 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 653 -12Varian Semiconductor Equipment, USA ƒ 77.37 7 31 73.1 13.3 14.5 106 -41 14 18.3 580 -21 14 375.5 -13 17 1545 -9 -1 50.1 18 33 78 1543 -4ARM, UK 76.73 4 13 127.9 25.7 28.4 60 50 62 20.1 299 15 32 174.7 15 -3 1711 1 32 44.8 3 -18 83 1549 12Sumco, Japan ƒ 75.91 -9 49 25.0 2.5 40.0 303 -71 -45 10.1 3007 -17 30 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3503 -9Winbond Electronics, Taiwan ƒ 75.68 -28 -30 n/m 13.9 69.3 -163 n/m n/m -30.1 544 -22 -20 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 526 7Sirf Technology, USA (now part of CSR, UK) ƒ 75.61 12 88 n/m 46.8 49.8 -253 n/m >-999 -156.3 162 -29 8 283.1 -7 -20 571 -24 30 132.4 48 48 81 n/l n/lInternational Rectifier, USA ƒ 73.59 -14 -2 n/m 10.7 15.0 -95 -213 -196 -13.8 685 -18 -15 134.3 -12 -1 5100 -7 -14 14.4 -7 13 n/a 845 -10F5 Networks, USA ƒ 73.09 52 142 104.3 16.2 20.5 70 1 35 15.5 452 24 90 266.9 16 15 1694 7 67 43.1 42 47 42 1985 12ASM International, The Netherlands ƒ 72.52 -9 -16 136.4 10.0 14.2 53 -62 -41 7.4 723 -22 -10 60.1 -26 -28 12022 5 25 6.0 -14 -34 89 664 -31Verigy, Singapore ƒ 71.64 13 n/a 572.2 14.9 16.6 13 -82 n/a 2.6 481 -9 n/a 291.3 -15 n/a 1650 6 n/a 43.4 6 n/a n/a 505 n/aSemiconductor Manufacturing, China ƒ 71.11 5 17 n/m 7.6 57.0 -43 n/m n/m -4.6 942 -13 5 88.8 -17 -8 10598 5 15 6.7 0 2 n/a 782 29Interdigital, USA ƒ 70.42 16 52 277.2 44.3 46.8 25 58 -61 16.0 159 -2 -7 419.3 -2 -16 379 0 11 185.8 17 37 n/a 925 18Silicon Laboratories, USA ƒ 70.39 13 5 234.8 24.4 27.4 30 72 -22 10.4 289 8 -4 397.6 -16 -17 727 29 14 96.8 -12 -8 88 1315 19Tekelec, USA ƒ 69.98 9 -13 158.5 21.8 26.1 44 n/a n/a 13.8 320 0 -7 295.2 -14 15 1085 17 -23 64.5 -6 9 61 769 0Powerchip Semiconductor, Taiwan ƒ 69.65 18 62 n/m 6.0 43.0 -1112 n/m -598 -96.0 1159 -29 -22 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 590 -53GN Store Nord, Denmark 68.97 -1 38 >999 9.4 11.8 4 n/a -92 0.6 731 -6 -10 152.6 -3 -5 4786 -3 -5 14.4 1 45 54 697 -10Macronix International, Taiwan ƒ 68.41 0 11 88.9 13.2 20.8 77 -12 n/a 14.8 519 -3 9 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1101 17Taiyo Yuden, Japan ƒ 68.20 8 15 45.9 3.7 22.4 149 -9 147 8.1 1828 8 28 90.9 9 20 20117 -1 8 3.4 10 7 13 1076 n/aAvocent, USA ƒ 67.27 10 52 305.8 14.7 16.3 22 -37 -36 4.8 457 9 42 231.9 0 -33 1971 10 85 34.1 0 -29 n/a 512 -30Cymer, USA ƒ 67.09 18 39 160.6 21.0 26.2 42 -48 -29 13.1 319 -12 -2 321.2 -10 -10 994 -3 9 67.5 21 27 n/a 708 24ProMOS Technologies, Taiwan ƒ 64.65 -11 11 n/m 9.9 54.6 -680 n/m -755 -104.1 653 -36 -32 96.0 -29 -53 6800 -9 35 9.5 -1 -23 43 214 -70Finisar, USA ƒ 64.03 20 44 n/m 17.0 21.4 -178 n/m n/m -47.4 376 23 44 75.2 10 5 5004 12 37 12.8 8 2 66 211 -28Disco, Japan ƒ 63.93 30 54 42.8 9.1 19.4 149 7 69 21.3 703 6 39 311.0 -5 10 2260 12 28 28.3 16 21 17 1376 51TriQuint Semiconductor, USA ƒ 63.62 40 64 n/m 16.0 31.2 -11 -200 -656 -2.8 399 21 50 173.6 -1 19 2297 22 26 27.7 15 31 n/a 726 20Himax Technologies, Cayman Islands ƒ 60.91 >999 >999 144.4 10.5 12.6 42 >999 505 7.3 579 >999 807 477.1 >999 284 1214 16 54 50.2 >999 405 -999 -659 -34.5 641 2 56 271.5 -4 4 2362 6 27 23.6 3 7 61 594 -34Aastra Technologies, Canada ƒ 55.21 79 108 553.4 11.8 14.0 10 -60 -49 2.1 469 37 67 213.1 5 4 2200 30 55 25.1 38 30 88 183 -10Diebold, USA ƒ 54.99 7 19 46.9 2.5 4.3 117 90 4 5.3 2205 7 17 132.4 9 8 16658 -2 9 3.3 9 10 n/a 1397 -19MKS Instruments, USA ƒ 54.63 9 23 226.8 12.1 14.2 24 -67 -59 5.4 450 -17 -2 171.0 -8 -1 2631 -10 0 20.8 21 23 n/a 638 -14Credence Systems, USA(now part of LTX-Credence) ƒ53.66 -16 -9 452.0 16.7 18.0 12 n/a n/a 3.7 321 -3 21 242.2 6 39 1324 -8 -12 40.5 -8 0 n/a n/l n/lFoundry Networks, USA(now part of Brocade Communications) ƒ53.59 9 49 93.0 12.7 13.9 58 186 22 13.6 422 28 44 430.5 7 1 981 20 41 54.6 -9 7 n/a n/l n/lRambus, USA ƒ 53.01 -8 35 n/m 53.5 60.4 -62 n/m n/m -62.3 99 -21 -16 300.3 3 -12 330 -23 -7 160.6 20 49 n/a n/a n/aAirvana, USA ƒ 52.04 -2 29 268.6 54.2 55.4 19 -83 -50 20.2 96 -55 -13 173.2 -54 n/a 555 -1 n/a 93.8 -1 n/a n/a 268 n/aMicro-Star International, Taiwan ƒ 51.73 23 41 94.9 2.4 3.7 55 -23 78 2.5 2160 6 27 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 490 18Standard Microsystems, USA ƒ 51.59 4 24 n/m 22.8 28.3 -40 -254 -394 -17.8 226 -14 2 239.3 -19 -16 946 7 23 54.5 -3 1 91 360 -17DSP, USA ƒ 51.37 26 66 n/m 24.2 26.8 -144 n/m >-999 -67.6 213 23 51 476.9 38 16 446 -11 28 115.2 42 28 92 139 -1164 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data165

Table 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsTable 8Ranking of the top 1,000 global companies by R&D investment within industry sectorsR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)39 Technology hardware & equipment continuedSonus Networks, USA ƒ 50.23 -9 33 n/m 23.0 26.1 -36 n/m n/m -16.5 219 -2 30 220.6 -8 0 991 7 31 50.7 -15 3 n/a 354 -52Plantronics, USA ƒ 50.12 -6 12 n/m 9.4 12.5 -56 -202 -187 -10.6 532 -11 3 147.9 24 54 3600 -28 -35 13.9 30 68 n/a 865 5Quantum, USA ƒ 49.06 -21 -31 n/m 8.7 9.4 -228 n/m n/m -40.5 563 -17 -11 300.9 -9 15 1870 -9 -23 26.2 -14 -10 34 159 -30FEI, USA ƒ 48.95 7 18 266.0 11.7 14.0 18 -49 120 4.4 417 1 22 227.7 3 13 1830 -2 8 26.7 9 9 n/a 593 -1440 Tobacco (4) 878.18 -26.1 -35.1 4.6 0.9 3.2 19258 -21.7 -19.1 18.6 103336 8.2 -4.2 544.9 18.2 45.3 189629 -33.4 -53.3 4.6 -9.2 10.8 n/a 146512 -15.9Japan Tobacco, Japan ƒ 346.52 10 12 12.0 0.7 2.7 2879 26 143 5.9 49180 34 37 1036.3 -5 -2 47459 42 39 7.3 -23 -20 n/a 20520 -37Philip Morris International, USA ƒ 232.30 n/a n/a 3.3 1.3 5.6 7128 n/a n/a 39.9 17878 n/a n/a 236.5 n/a n/a 75600 n/a n/a 3.1 n/a n/a 165 62724 n/aAltria, USA ƒ 161.36 -63 -73 3.0 0.7 1.4 5318 -47 -51 22.0 24156 -25 -44 2322.7 502 680 10400 -88 -93 15.5 197 285 n/a 25298 -16BAT, UK 138.00 16 42 3.5 1.1 5.4 3934 20 37 32.5 12122 21 22 215.8 16 22 56170 4 0 2.5 11 42 60 37971 341 Travel & leisure (9) 1209.02 18.4 -12.8 35.2 2.9 16.7 3433 -44.9 -32.4 8.2 41881 1.7 0.8 279.2 -1 -2.2 148155 1.5 -16.6 7.8 11.2 14.1 n/a 38807 -15.9Sega Sammy, Japan ƒ 501.68 25 51 n/m 14.2 19.0 -334 -156 -147 -9.5 3522 -13 -14 459.4 -12 -28 7665 -1 18 65.5 27 27 21 2501 15International Game Technology, USA ƒ 155.10 10 35 35.8 8.8 20.6 434 -22 -20 24.7 1759 -4 1 303.2 -10 -11 5800 7 13 26.7 3 20 n/a 3928 -14Expedia, USA ƒ 145.33 15 61 n/m 7.1 12.6 -1691 -552 -754 -82.8 2043 10 33 253.8 -2 5 8050 13 19 18.1 2 22 n/a 4438 22East Japan Railway, Japan ƒ 120.07 -8 -4 3.5 0.6 16.1 3403 13 23 16.4 20744 2 5 287.3 0 7 72214 1 -2 1.7 -10 -2 0 16392 -25Netflix, USA ƒ 62.51 26 134 77.7 6.6 9.8 80 37 266 8.5 949 13 89 577.3 6 38 1644 7 38 38.0 18 77 n/a 1848 41Lottomatica, Italy 60.42 84 n/a 17.2 3.0 14.1 352 -8 53 17.7 1990 24 88 275.3 1 -47 7230 23 105 8.4 50 n/a 30 2326 -31Aristocrat Leisure, Australia ƒ 56.81 12 45 82.4 10.8 16.2 69 -56 -56 13.2 524 -4 -7 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1456 -6WMS Industries, USA ƒ 55.57 38 58 76.5 12.3 27.5 73 41 175 16.1 452 20 62 295.3 11 37 1531 8 20 36.3 27 32 n/a 1455 24West Japan Railway, Japan ƒ 51.53 5 6 4.9 0.5 17.9 1048 -1 1 10.6 9899 2 4 224.9 1 n/a 44021 2 n/a 1.2 3 n/a n/a 4462 -31166 Company data The 2009 R&D ScoreboardThe 2009 R&D ScoreboardCompany data167

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)All companies composite 395806.24 7.0 18.6 37.3 3.4 10.6 1061260 -15.8 -2.2 9.2 11545141 8.3 21.6 306.1 2.6 9.5 36274399 3.7 8 10.6 1.2 5.9 n/a 9794492 -17.61 Americas (390) 154147.94 5.9 21.5 41.2 4.5 10.3 374321 -9 1.2 10.9 3419543 7.4 20.2 325.3 4.6 12.4 10510726 1.4 6.2 14.7 2.5 12.2 n/a 3951698 -19.71.1 Bermuda (7) 1764.57 n/a n/a 35.5 2.8 5.6 4969 n/a n/a 8.0 62311 n/a n/a 123.6 n/a n/a 504132 n/a n/a 3.5 n/a n/a n/a 59046 -16.1Marvell Technology ƒ 646.82 -4 69 563.0 31.5 34.0 115 n/a 55 5.6 2052 2 47 369.6 -2 -7 5552 4 48 116.5 -8 17 n/a 5895 -8Tyco Electronics ƒ 368.62 n/a n/a 22.9 3.6 7.7 1609 n/a n/a 15.6 10317 n/a n/a 107.5 n/a n/a 96000 n/a n/a 3.8 n/a n/a 0 7254 n/aAccenture ƒ 271.37 27 39 12.9 1.5 2.8 2097 21 47 11.9 17606 18 41 94.7 8 0 186000 9 40 1.5 16 -3 n/a 15431 -11Covidien ƒ 237.17 n/a n/a 15.1 3.2 7.0 1572 n/a n/a 21.0 7498 n/a n/a 179.8 n/a n/a 41700 n/a n/a 5.7 n/a n/a n/a 13660 n/aIngersoll-Rand ƒ 91.53 2 -15 n/m 1.0 3.3 -1832 -375 -302 -19.9 9210 13 23 153.5 -33 -21 60000 69 55 1.5 -39 -45 n/a 6418 -9Tyco International ƒ 88.33 5 -73 6.2 0.6 4.0 1431 39 -54 9.6 14898 -43 -47 131.8 -41 n/a 113000 -4 n/a 0.8 10 n/a n/a 10258 -29Xyratex ƒ 60.74 n/a n/a n/m 8.3 10.8 -21 n/a n/a -2.9 730 n/a n/a 388.3 n/a n/a 1880 n/a n/a 32.3 n/a n/a n/a 129 n/a1.2 Brazil (3) 1546.11 18.6 100.1 5.5 1.4 25.5 28028 20.5 69.8 24.9 112685 29.4 86.9 703.2 20.9 48.2 160239 7 29.2 9.6 10.8 62.9 n/a 196435 -16.7Vale Do Rio Doce (now Vale) ƒ 754.63 48 158 7.2 2.9 26.9 10519 15 105 40.4 26030 16 96 416.5 6 50 62490 10 36 12.1 35 102 n/a 73940 -15Petroleo Brasiliero ƒ 654.47 7 67 3.8 0.8 26.1 17135 24 55 20.8 82249 35 86 1107.9 25 52 74240 8 25 8.8 -1 38 n/a 119662 -18EMBRAER ƒ 137.02 -24 54 36.7 3.1 6.8 373 43 28 8.5 4406 21 55 187.4 22 23 23509 -1 26 5.8 -23 32 n/a 2833 -231.3 Canada (8) 2160.37 11.9 14.3 51.9 4.1 11.3 4162 -30.8 -2.1 8.0 52157 14.7 35.2 141.9 13.2 0.4 367501 1.3 32.1 5.9 10.5 -16.1 n/a 38759 -40.9Nortel Networks ƒ 1094.03 -9 -16 n/m 15.1 16.6 -1541 >-999 n/m -21.3 7248 -5 -2 241.6 3 10 30000 -8 -12 36.5 -1 -5 51 34 -98Research In Motion ƒ 476.22 90 220 25.2 6.2 13.7 1893 57 264 24.6 7696 84 255 641.3 29 83 12000 43 109 39.7 33 61 n/a 28863 -42Onex ƒ 221.42 25 74 n/m 1.5 4.7 -357 -178 -178 -2.4 15145 15 41 65.0 17 -14 233000 -2 49 1.0 27 27 n/a 1824 -22Bombardier ƒ 118.93 23 13 12.8 0.9 4.0 927 80 197 6.8 13716 13 31 205.6 0 14 66700 12 15 1.8 10 -3 68 4780 -45Open Text ƒ 73.65 34 71 105.6 14.6 15.5 70 94 225 13.8 505 22 70 173.1 13 31 2915 8 30 25.3 24 32 53 1550 40Biovail ƒ 64.57 -2 33 75.5 12.3 15.2 85 -30 -47 16.2 527 -10 -19 379.1 -1 2 1389 -9 -23 46.5 9 62 n/a 1527 38Hydro-Quebec ƒ 56.34 0 2 1.8 0.8 31.7 3075 -12 -2 44.9 6852 -1 5 355.1 -1 4 19297 -1 1 2.9 1 2 n/a n/l n/lAastra Technologies ƒ 55.21 79 108 553.4 11.8 14.0 10 -60 -49 2.1 469 37 67 213.1 5 4 2200 30 55 25.1 38 30 88 183 -101.4 Cayman Islands (3) 919.24 24 52.9 56.9 7.8 14.0 1615 50.3 91.7 13.6 11848 16.9 64.4 184.7 15.7 42.3 64133 1 16.7 14.3 22.8 30 n/a 8638 -24.5Seagate Technology ƒ 714.98 14 36 73.5 8.1 15.4 972 122 105 11.0 8839 12 48 163.7 12 36 54000 0 9 13.2 14 24 29 4170 n/aGarmin ƒ 143.35 29 101 23.9 5.9 9.3 601 -5 66 24.7 2430 10 107 272.5 4 12 8919 6 91 16.1 22 0 n/a 4005 -24Himax Technologies ƒ 60.91 >999 >999 144.4 10.5 12.6 42 >999 505 7.3 579 >999 807 477.1 >999 284 1214 16 54 50.2 >999 405

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)1.6 USA continuedHewlett-Packard ƒ 2464.18 -2 0 33.8 3.0 5.5 7284 20 83 8.8 82323 14 31 256.5 -39 -36 321000 87 104 7.7 -47 -51 n/a 73174 -6Schering-Plough ƒ 2454.44 21 64 147.0 19.1 23.1 1670 n/a n/a 13.0 12868 46 80 252.3 57 31 51000 -7 35 48.1 30 21 70 30819 35Wyeth ƒ 2346.09 4 17 55.8 14.8 20.9 4202 -5 45 26.5 15881 2 16 334.9 9 23 47426 -6 -6 49.5 10 24 53 43632 9Amgen ƒ 2107.39 -7 10 58.1 20.2 24.7 3626 31 30 34.8 10435 2 15 617.4 5 17 16900 -3 -1 124.7 -4 13 22 42977 -9General Electric ƒ 2100.43 0 8 6.9 1.7 10.5 30266 75 25 24.0 126319 21 14 391.1 23 12 323000 -1 2 6.5 2 6 46 102884 -48Google ƒ 1942.69 32 157 50.4 12.8 23.6 3854 8 95 25.4 15159 31 139 749.6 9 5 20222 20 124 96.1 9 16 51 101282 -3Oracle ƒ 1924.47 1 33 33.6 11.9 14.2 5731 5 46 35.4 16172 4 40 188.0 2 8 86000 2 30 22.4 -1 3 n/a 76477 -6Abbott Laboratories ƒ 1870.09 7 30 43.3 9.1 13.5 4323 40 53 21.1 20537 14 31 297.6 12 21 69000 1 8 27.1 6 21 n/a 47696 -24Qualcomm ƒ 1586.45 25 79 61.1 20.5 33.0 2595 29 48 33.5 7749 26 65 503.2 4 11 15400 20 51 103.0 4 22 91 53333 -16Procter & Gamble ƒ 1548.20 5 12 12.7 2.7 6.3 12203 10 38 21.0 58077 9 32 420.8 9 19 138000 0 11 11.2 5 0 n/a 106317 -26EMC ƒ 1424.28 16 51 133.9 13.8 18.4 1064 -12 12 10.3 10346 12 41 245.8 1 -2 42100 12 43 33.8 4 6 42 21334 3Texas Instruments ƒ 1349.28 -10 -7 80.7 15.5 21.6 1673 -31 -20 19.2 8695 -10 -8 294.4 -8 2 29537 -2 -10 45.7 -8 3 n/a 21021 -8Sun Microsystems ƒ 1347.20 -4 -7 431.4 14.0 17.7 312 24 n/a 3.2 9654 0 13 276.6 -2 10 34900 2 3 38.6 -6 -9 n/a 4786 -16Delphi ƒ 1321.46 -5 -10 53.0 9.3 13.2 2492 n/a n/a 17.6 14177 -22 -25 96.7 -10 -9 146600 -14 -17 9.0 10 10 n/a 18 -40Advanced Micro Devices ƒ 1285.30 0 44 n/m 31.4 42.0 -1561 n/m n/m -38.2 4090 -2 5 278.3 9 -1 14700 -10 0 87.4 12 40 88 1714 -19United Technologies ƒ 1231.74 6 22 23.2 3.1 5.1 5303 8 34 13.1 40369 8 28 180.9 9 25 223100 -1 2 5.5 7 19 n/a 37453 -14Caterpillar ƒ 1201.84 23 45 38.2 3.4 8.1 3149 -10 4 8.8 35696 14 35 316.2 2 7 112887 11 26 10.6 10 16 66 19878 -32Honeywell ƒ 1073.17 6 27 43.2 4.2 6.6 2484 -4 23 9.8 25425 6 23 198.6 1 12 128000 5 10 8.4 1 16 n/a 18762 -27Broadcom ƒ 1041.64 11 63 880.4 32.2 33.9 118 92 -29 3.7 3240 23 49 437.7 6 -4 7402 17 54 140.7 -5 9 n/a 9212 3DuPont ƒ 968.84 4 5 49.6 4.6 11.0 1953 -29 -12 9.2 21233 4 10 353.9 4 10 60000 0 0 16.1 4 5 58 20337 -25Yahoo! ƒ 953.39 15 81 n/m 19.0 28.4 -10 -102 -101 -0.2 5014 3 30 368.6 9 3 13600 -5 26 70.1 21 50 n/a 14680 -24Electronic Arts ƒ 945.19 19 52 n/m 32.3 35.0 -618 n/m -962 -21.1 2929 15 31 321.9 14 8 9100 1 21 103.9 17 28 n/a 4791 -53Medtronic ƒ 942.41 6 18 51.7 9.3 12.7 1824 -6 -12 18.0 10154 8 24 247.7 5 11 41000 3 12 23.0 4 6 n/a 28567 -30Dow Chemical ƒ 911.11 0 15 69.6 2.3 6.2 1310 -57 -63 3.3 40001 7 22 867.7 7 15 46102 1 6 19.8 0 9 68 17602 -15Genzyme ƒ 880.71 79 130 218.4 27.5 40.5 403 -13 72 12.6 3203 21 54 291.2 10 20 11000 10 29 80.1 63 80 n/a 9511 -34Amazon.com ƒ 848.52 29 88 152.9 6.4 8.1 555 23 61 4.2 13330 29 87 644.0 6 19 20700 22 60 41.0 6 22 n/a 25101 10Lockheed Martin ƒ 848.52 1 12 24.3 2.9 5.0 3494 12 55 11.8 29720 2 11 203.6 -2 4 146000 4 7 5.8 -3 5 n/a 19939 -33Freescale Semiconductor ƒ 792.88 0 1 n/m 21.8 26.4 -5447 n/m n/m -149.9 3635 -9 -11 158.7 -7 n/a 22900 -1 n/a 34.6 1 n/a n/a n/l n/lApple ƒ 778.97 31 73 17.9 3.4 6.8 4341 43 185 19.2 22589 35 98 705.9 -9 6 32000 48 94 24.3 -12 -11 n/a 103912 3Applied Materials ƒ 767.93 -3 4 85.1 13.6 17.1 903 -45 -31 16.0 5654 -16 -4 381.4 -18 -13 14824 2 11 51.8 -5 -6 81 12563 -28Biogen Idec ƒ 745.62 16 40 89.3 26.2 32.9 835 45 230 29.3 2850 29 56 606.4 18 29 4700 9 20 158.6 6 16 n/a 9800 -3Boston Scientific ƒ 699.68 -8 20 n/m 12.5 17.0 -1229 >-999 n/m -22.0 5599 -4 15 225.8 7 7 24800 -10 6 28.2 2 14 n/a 11680 -12Monsanto ƒ 681.60 26 51 33.5 8.5 16.4 2034 114 253 25.3 8053 35 67 371.1 17 26 21700 15 33 31.4 9 14 n/a 30846 -25Deere ƒ 655.93 15 33 43.4 3.7 8.0 1510 23 29 8.4 17947 20 28 316.5 10 9 56700 9 18 11.6 6 13 n/a 13093 -35Celgene ƒ 637.27 142 303 n/m 40.6 44.1 -1008 -446 -926 -64.3 1568 60 180 642.4 11 42 2441 45 109 261.1 67 99 n/a 16823 -28Symantec ƒ 611.84 -2 27 n/m 14.3 18.7 -4494 -951 >-999 -105.1 4277 5 38 245.8 6 9 17400 -1 22 35.2 -1 3 51 8639 -32Baxter International ƒ 603.70 14 43 35.0 7.0 14.8 1726 17 65 20.1 8588 10 20 177.1 4 17 48500 5 3 12.4 8 39 55 23152 -24Nvidia ƒ 595.27 24 77 n/m 25.0 36.9 -61 -110 -120 -2.6 2382 -16 19 439.5 -23 -26 5420 9 56 109.8 14 12 91 5098 173M ƒ 591.88 8 7 16.2 3.4 9.2 3645 -2 2 20.7 17575 3 14 222.0 -1 4 79183 4 10 7.5 4 -3 64 34637 -3Exxon Mobil ƒ 589.09 4 17 1.0 0.2 4.7 57382 16 39 19.4 295640 19 32 2823.7 21 34 104700 -2 -1 5.6 6 18 n/a 227989 -19eBay ƒ 583.04 15 72 40.4 9.8 16.4 1444 239 83 24.3 5941 11 59 366.7 7 21 16200 5 34 36.0 10 32 54 19421 -16Chevron ƒ 580.75 49 110 2.0 0.3 7.7 29347 38 54 15.9 184280 24 47 2750.5 20 29 67000 3 15 8.7 44 87 n/a 95728 -20AT&T ƒ 578.66 -16 134 3.6 0.7 16.5 16139 8 96 18.7 86262 4 86 286.6 7 53 301000 -3 25 1.9 -13 115 n/a 104434 -18Schlumberger ƒ 569.48 12 41 11.7 3.0 16.7 4855 4 65 25.7 18892 17 59 217.2 7 22 87000 9 33 6.5 3 7 n/a 44471 -44Allergan ƒ 554.95 11 27 100.2 18.1 22.4 554 11 75 18.1 3063 11 55 350.4 0 11 8740 11 41 63.5 0 -7 n/a 11631 1Activision Blizzard ! ƒ 548.99 193 408 392.1 19.6 21.1 140 -58 7 5.0 2806 39 122 400.9 -47 -30 7000 165 224 78.4 10 63 n/a 11223 60Xerox ƒ 521.63 -2 -1 313.8 4.3 5.4 166 -86 -80 1.4 12246 4 11 214.5 5 9 57100 -1 2 9.1 -1 -3 n/a 5120 -40Juniper Networks ƒ 508.52 17 72 105.3 20.5 25.1 483 72 >999 19.4 2485 26 67 354.2 6 7 7014 19 58 72.5 -2 12 51 8976 -5Danaher ƒ 504.55 21 69 38.8 5.7 7.2 1300 7 33 14.7 8831 14 43 175.6 14 21 50300 1 18 10.0 20 45 n/a 13365 -27170 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data171

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)1.6 USA continuedAgilent Technologies ƒ 489.64 3 -6 85.3 12.2 14.9 574 44 78 14.3 4016 7 -6 204.9 n/a n/a 19600 n/a n/a 25.0 n/a n/a n/a 5741 -37Gilead Sciences ƒ 479.20 23 99 24.8 12.9 15.1 1930 29 253 52.0 3711 26 101 1078.5 9 38 3441 16 52 139.3 6 36 46 28270 -20Micron Technology ƒ 472.95 -16 -4 n/m 11.6 54.9 -1147 n/m >-999 -28.2 4062 3 15 178.2 6 5 22800 -3 9 20.7 -13 -13 75 3958 47LSI ƒ 467.74 3 43 n/m 25.1 30.1 -421 n/m n/m -22.6 1862 3 31 339.3 16 12 5488 -11 16 85.2 16 24 n/a 2304 -26Dell ƒ 461.12 9 30 21.2 1.1 1.8 2178 -8 -16 5.1 42496 0 9 555.5 8 0 76500 -7 7 6.0 18 20 48 19298 -45Adobe Systems ƒ 460.47 8 45 63.1 18.5 21.6 729 21 53 29.3 2490 13 53 339.4 8 12 7335 5 34 62.8 2 6 n/a 11783 -26Forest Laboratories ƒ 459.94 -1 14 73.8 17.2 18.3 623 -19 -3 23.3 2674 10 23 511.8 10 21 5225 0 2 88.0 -2 12 n/a 5778 -27Intuit ƒ 452.09 25 58 100.1 21.2 29.7 452 2 19 21.1 2137 13 36 260.6 13 23 8200 0 12 55.1 25 43 n/a 6828 4Corning ƒ 436.08 11 33 38.6 10.5 42.8 1129 31 90 27.3 4137 2 22 153.2 -7 13 27000 9 8 16.2 2 23 n/a 17159 -21CA ƒ 431.91 -1 -7 55.6 14.5 16.5 776 35 239 26.1 2971 0 10 225.0 4 23 13200 -4 -11 32.7 3 5 n/a 8219 -4Maxim Integrated Products ƒ 401.83 -12 28 135.6 28.1 38.7 296 21 -25 20.8 1428 2 18 145.5 2 6 9810 0 11 41.0 -12 17 n/a 3966 n/aAutodesk ƒ 400.68 19 61 235.3 24.9 28.3 170 -45 -30 10.6 1610 7 37 206.4 0 -10 7800 7 50 51.4 11 7 n/a 4032 -24Northrop Grumman ƒ 400.61 7 7 n/m 1.7 3.7 -55 -103 -103 -0.2 23606 6 10 191.0 5 10 123600 1 0 3.2 6 7 n/a 10481 -35Analog Devices ƒ 379.83 -8 2 86.6 20.2 26.1 439 11 8 23.4 1877 -2 4 208.5 5 8 9000 -6 -3 42.2 -1 5 77 5551 -13St Jude Medical ƒ 369.87 12 36 83.5 12.2 20.1 443 -18 -4 14.6 3035 15 42 216.8 -1 4 14000 17 37 26.4 -4 0 47 9219 -19Automatic Data Processing ƒ 365.77 8 7 30.4 6.0 8.1 1202 1 7 19.7 6104 -6 1 129.9 -8 -4 47000 2 6 7.8 6 1 n/a 13425 -15Raytheon ƒ 359.58 3 6 20.1 2.2 3.5 1786 17 49 11.1 16118 3 6 220.8 2 12 73000 1 -6 4.9 2 12 20 12872 -24Eastman Kodak ƒ 348.45 -6 -33 n/m 5.3 8.0 -604 n/m n/m -9.2 6549 -16 -28 268.4 -7 22 24400 -9 -44 14.3 3 17 n/a 813 -75Kraft Foods ƒ 347.06 12 n/a 12.1 1.2 4.4 2869 -6 n/a 9.6 29814 15 n/a 304.2 21 n/a 98000 -5 n/a 3.5 17 n/a n/a 28827 -15NetApp ƒ 346.71 10 59 >999 14.6 23.1 33 -85 -84 1.4 2369 3 39 297.0 -1 1 7976 4 38 43.5 6 18 n/a 5505 -8Textron ƒ 331.06 30 41 42.3 3.2 6.9 782 -37 0 7.6 10298 12 28 239.5 15 29 43000 -2 -1 7.7 33 42 37 2708 -63General Dynamics ƒ 329.67 10 28 13.0 1.6 3.3 2546 18 44 12.5 20380 7 28 220.8 -3 6 92300 11 20 3.6 0 7 14 15063 -40Cadence Design Systems ƒ 329.33 -9 4 n/m 45.6 55.0 -1106 -604 -965 -153.0 722 -36 -26 147.4 -30 -23 4900 -8 -4 67.2 -1 9 38 1084 -14Western Digital ƒ 322.72 52 78 46.1 5.7 13.4 700 142 255 12.5 5616 48 96 112.1 -13 -7 50072 69 111 6.4 -10 -16 76 4876 9Emerson Electric ƒ 318.54 15 19 12.3 1.8 4.7 2589 12 41 15.0 17253 10 31 122.6 8 14 140700 2 15 2.3 13 1 54 18395 -30PPG Industries ƒ 313.67 33 40 40.2 2.8 5.3 780 -20 -4 7.1 11023 29 47 245.5 0 7 44900 29 38 7.0 3 1 n/a 6260 -11McKesson ƒ 304.63 4 35 38.0 0.4 0.6 802 -24 22 1.1 74163 5 17 2281.9 6 5 32500 -1 12 9.4 6 22 8 10181 -3Whirlpool ƒ 303.24 4 16 97.1 2.3 5.2 312 -54 -44 2.4 13150 -3 15 187.9 1 16 70000 -4 0 4.3 8 16 n/a 2979 -24Visteon ƒ 301.85 -15 -38 n/m 4.5 7.6 -252 n/m n/m -3.8 6638 -16 -35 198.1 4 0 33500 -19 -35 9.0 5 -5 n/a 174 -29Spansion ƒ 300.33 -1 n/a n/m 18.9 37.8 -1583 n/m n/a -99.8 1587 -9 n/a 182.4 -2 n/a 8700 -6 n/a 34.5 6 n/a 87 16 -94SanDisk ƒ 299.03 3 65 n/m 12.8 18.3 -1476 -853 -629 -63.3 2331 -14 19 653.8 -23 -43 3565 12 85 83.9 -8 -16 69 2666 5Baker Hughes ƒ 296.29 15 58 17.9 3.6 14.6 1654 5 16 20.0 8251 14 45 207.3 2 16 39800 11 26 7.4 3 29 56 7968 -54Johnson Controls ƒ 294.90 -14 -8 28.9 1.1 3.2 1020 -18 4 3.9 26472 10 26 189.1 10 15 140000 0 9 2.1 -14 -16 n/a 10478 -16Lexmark ƒ 294.41 5 19 156.9 9.3 14.2 188 -18 -47 6.0 3150 -9 -12 225.0 -10 -13 14000 1 1 21.0 3 18 59 967 -56Cummins ƒ 293.50 28 44 33.5 2.9 6.7 876 6 34 8.8 9975 10 34 250.6 4 14 39800 5 19 7.4 22 22 55 6573 -32Eaton ƒ 290.03 24 39 32.5 2.7 5.6 894 8 22 8.4 10694 18 33 142.6 1 6 75000 17 26 3.9 6 10 n/a 6232 -24Kla-Tencor ƒ 285.14 -6 14 81.9 16.3 18.5 348 -15 13 19.9 1754 -8 20 292.3 -8 14 6000 0 6 47.5 -6 8 n/a 3638 -21Synopsys ƒ 276.64 4 17 208.1 29.8 32.7 133 36 214 14.3 930 10 22 163.4 1 4 5691 10 17 48.6 -5 0 n/a 2016 -17Becton Dickinson ƒ 275.59 10 29 25.4 5.5 13.9 1085 23 56 21.8 4979 12 27 176.1 11 19 28277 1 7 9.7 9 21 n/a 11054 -24Harman International Industries ƒ 275.35 11 44 297.3 9.6 13.0 93 -65 -61 3.2 2860 16 31 244.6 16 25 11694 0 5 23.5 11 38 77 1279 -23Rockwell Collins ƒ 274.73 14 45 40.9 8.3 11.9 672 13 52 20.3 3317 8 30 163.4 4 14 20300 4 14 13.5 9 28 29 4798 -13PepsiCo ƒ 269.86 7 11 5.3 0.9 6.6 5083 -5 14 16.9 30081 10 27 151.9 2 n/a 198000 7 n/a 1.4 0 n/a n/a 61283 -17Navistar International ƒ 264.29 -1 4 56.0 2.6 3.8 472 58 28 4.6 10241 20 22 575.3 16 19 17800 3 3 14.8 -4 3 n/a 2161 -18Vertex Pharmaceuticals ƒ 263.09 4 96 n/m 215.5 233.9 -322 n/m n/m -263.6 122 -12 3 91.6 -24 -28 1333 16 46 197.4 -10 42 n/a 4312 52Stryker ƒ 255.81 -2 24 24.3 5.5 7.8 1052 15 47 22.5 4673 12 31 265.6 2 26 17594 10 4 14.5 -11 19 36 11104 -41Autoliv ƒ 255.39 -7 -5 118.3 5.7 10.2 216 -39 -40 4.8 4502 -4 2 132.4 18 14 34000 -19 -11 7.5 14 5 47 1975 0Goodyear ƒ 254.56 -2 -1 82.8 1.9 7.3 307 -42 -34 2.3 13554 -5 -1 181.4 -9 3 74700 4 -5 3.4 -5 4 n/a 2995 -7Cephalon ƒ 251.92 -2 3 179.7 18.3 22.2 140 n/a n/a 10.2 1373 11 37 494.0 12 33 2780 -1 3 90.6 -1 0 19 2886 -19Xilinx ƒ 247.18 -1 3 96.3 19.5 21.6 257 -11 -4 20.2 1269 -1 5 403.6 8 9 3145 -8 -4 78.6 8 8 n/a 4126 -18172 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data173

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)1.6 USA continuedPaccar ƒ 237.72 34 118 24.8 2.3 12.6 959 -17 -23 9.2 10413 -2 6 556.9 15 20 18700 -14 -12 12.7 56 150 n/a 8892 -15Philip Morris International ƒ 232.30 n/a n/a 3.3 1.3 5.6 7128 n/a n/a 39.9 17878 n/a n/a 236.5 n/a n/a 75600 n/a n/a 3.1 n/a n/a 165 62724 n/aCitrix Systems ƒ 228.90 42 119 191.5 20.8 32.2 120 -15 -11 10.9 1101 14 52 218.5 4 7 5040 9 42 45.4 30 60 n/a 4532 21Rohm & Haas (now part of Dow Chemical) ƒ 227.43 10 16 44.2 3.4 8.8 515 -24 -24 7.7 6659 7 18 429.9 9 23 15490 -1 -4 14.7 12 21 59 n/l n/lHalliburton ƒ 226.74 1 19 8.3 1.8 11.8 2744 13 80 21.6 12713 4 -10 223.0 -7 32 57000 12 -36 4.0 -10 65 n/a 14738 -46SunGard Data Systems ƒ 226.04 9 21 86.2 5.8 12.8 262 -33 -34 6.7 3892 14 35 194.6 2 5 20000 12 28 11.3 -2 -6 26 n/l n/lLam Research ƒ 225.18 13 47 63.8 13.1 16.2 353 -36 20 20.5 1721 -4 49 453.0 -24 -1 3800 27 55 59.3 -10 -4 83 2564 -18Mylan ƒ 220.63 63 160 142.5 6.2 9.4 155 n/a n/a 4.3 3573 77 192 297.8 77 27 12000 0 98 18.4 63 9 47 2971 0National Semiconductor ƒ 212.83 -16 -12 167.0 21.0 26.7 127 -64 -64 12.5 1016 -23 -26 175.1 -3 2 5800 -21 -27 36.7 6 20 n/a 2471 -31Tellabs ƒ 212.27 -11 -6 n/m 17.7 20.5 -687 >-999 >-999 -57.1 1203 -10 -2 372.5 4 14 3228 -13 -15 65.8 2 10 32 1827 27Kimberly-Clark ƒ 206.57 7 1 11.7 1.5 6.2 1771 -6 4 13.1 13503 6 18 254.8 6 24 53000 0 -6 3.9 7 7 n/a 16991 0Cerner ƒ 202.65 3 6 108.5 17.4 23.8 187 32 72 16.0 1166 10 34 155.4 16 24 7500 -5 9 27.0 8 -3 n/a 3591 44BMC Software ƒ 201.21 3 5 78.7 15.5 17.0 256 3 105 19.6 1302 8 19 224.5 8 27 5800 0 -7 34.7 3 13 n/a 4462 0Millennium Pharmaceuticals(now part of Takeda Pharmaceutical, Japan) ƒ199.68 -10 -6 n/m 54.4 57.8 -17 n/m n/m -4.5 367 8 10 379.8 6 37 966 2 -24 206.7 -12 19 n/a n/l n/lGoodrich ƒ 197.52 1 -2 26.5 4.0 8.1 746 28 89 15.2 4911 8 25 196.5 1 14 25000 7 10 7.9 -5 -11 46 4752 9Beckman Coulter ƒ 194.81 2 18 93.4 9.0 18.7 209 -1 11 9.7 2155 12 22 195.9 7 -4 11000 5 24 17.7 -2 -6 n/a 3208 1Harris ƒ 191.26 17 64 40.0 5.2 7.3 478 -3 69 12.9 3694 25 60 223.9 21 31 16500 3 24 11.6 14 35 n/a 3073 -33Mentor Graphics ƒ 181.08 13 19 n/m 33.0 38.1 -49 -210 -268 -9.0 549 -3 5 122.0 -6 -4 4500 3 9 40.2 10 9 n/a 503 -43Atmel ƒ 181.05 -4 -4 n/m 16.6 19.4 -10 -127 n/m -0.9 1090 -4 -7 170.3 11 17 6400 -14 -21 28.3 11 20 86 1242 -4Altera ƒ 179.24 -3 14 63.7 18.9 21.8 281 47 33 29.6 951 8 17 344.5 4 4 2760 4 12 64.9 -7 2 n/a 3845 -20Exelixis ƒ 179.02 14 49 n/m 218.4 231.2 -125 n/m n/m -152.1 82 4 38 121.3 13 28 676 -8 10 264.8 24 37 n/a 419 2Brocade Communications ƒ 177.75 20 55 >999 17.4 27.2 12 -82 -62 1.2 1020 19 86 360.0 -1 -2 2834 20 89 62.7 0 -22 n/a 2246 26Parker Hannifin ƒ 177.59 20 69 18.0 2.1 4.4 989 16 57 11.7 8447 13 37 136.9 5 19 61722 8 16 2.9 12 48 n/a 5456 -24Colgate-Palmolive ƒ 176.03 2 5 8.4 1.7 6.1 2101 16 36 19.7 10662 11 28 291.3 9 24 36600 2 3 4.8 1 2 n/a 24873 -7McAfee ƒ 175.28 16 33 137.6 15.8 18.8 127 15 -29 11.4 1113 22 47 198.7 -7 -7 5600 32 58 31.3 -12 -17 47 4685 16Mannkind ƒ 174.18 -2 66 n/m >999 >999 -213 n/m n/m >-999 -999 -401 -36.0 770 -1 -17 202.6 -6 -5 3800 6 -14 39.6 0 9 79 958 -13Hospira ƒ 148.56 6 38 41.7 5.9 10.4 356 68 46 14.1 2524 6 29 174.1 2 21 14500 4 7 10.2 2 28 n/a 4492 6Pitney Bowes ƒ 147.95 3 18 22.9 3.4 7.2 647 3 -8 14.8 4355 2 12 123.9 5 2 35140 -3 7 4.2 6 8 n/a 3113 -37International Flavors & Fragrances ƒ 147.93 7 15 60.0 8.9 12.5 247 -1 11 14.8 1662 5 14 313.6 5 11 5300 0 2 27.9 7 13 75 2016 -5NCR ƒ 146.75 14 -27 74.3 4.0 5.4 198 -25 -23 5.3 3697 -14 -13 165.0 -11 5 22400 -3 -18 6.6 18 -11 57 1512 -49Illinois Tool Works ƒ 146.56 4 41 9.3 1.2 3.3 1577 -14 -4 13.2 11975 6 25 184.2 -2 3 65000 8 21 2.3 -4 17 n/a 14363 -18Dana ! ƒ 146.44 11 -12 n/m 2.6 5.8 -359 n/m n/m -6.4 5572 -13 -15 192.1 5 23 29000 -17 -32 5.1 34 30 n/a 312 -31ConocoPhillips ƒ 145.36 31 58 n/m 0.1 8.8 -1816 -112 -112 -1.2 153154 31 43 4531.2 26 50 33800 4 -5 4.3 26 65 n/a 45143 -47Expedia ƒ 145.33 15 61 n/m 7.1 12.6 -1691 -552 -754 -82.8 2043 10 33 253.8 -2 5 8050 13 19 18.1 2 22 n/a 4438 22General Mills ƒ 144.67 2 13 9.3 1.4 5.2 1557 1 4 15.2 10218 8 20 340.6 6 14 30000 2 5 4.8 0 7 n/a 13075 -15TRW Automotive ƒ 143.27 10 13 n/m 1.4 1.4 -295 -166 -173 -2.8 10429 2 14 160.0 4 11 65200 -2 3 2.2 12 9 n/a 1445 9BorgWarner ƒ 143.07 -2 21 369.3 3.9 10.9 39 -88 -85 1.1 3661 -1 19 265.3 27 45 13800 -22 -18 10.4 25 47 n/a 2455 -24174 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data175

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)1.6 USA continuedArena Pharmaceuticals ƒ 140.49 55 166 n/m >999 >999 -166 n/m n/m >-999 7 -49 -55 13.7 -50 -67 499 2 35 281.5 53 106 0 284 n/aCR Bard ƒ 138.48 47 57 38.6 8.1 10.2 359 -7 21 21.0 1705 11 29 155.0 3 9 11000 8 19 12.6 36 32 32 4999 -23Novell ƒ 137.81 -5 1 n/m 20.6 24.5 -15 n/m -122 -2.2 670 0 -12 167.5 2 8 4000 -2 -20 34.5 -3 22 n/a 1100 -17Sybase ƒ 137.45 5 12 94.1 17.5 20.3 146 25 63 18.6 787 10 29 197.1 10 24 3995 0 4 34.4 5 8 n/a 1959 3Linear Technology ƒ 137.08 7 36 34.7 16.8 19.8 396 8 8 48.4 817 9 17 195.9 0 -3 4173 9 20 32.8 -1 14 n/a 4119 -19AGCO ƒ 135.28 26 53 35.7 2.3 5.3 379 31 105 6.5 5859 23 47 375.6 8 26 15600 14 16 8.7 10 32 80 1972 -45Human Genome Sciences ƒ 135.13 -5 -4 n/m 401.2 421.3 -182 n/m n/m -539.9 34 16 114 38.3 12 102 880 4 5 153.6 -8 -9 n/a 1769 170Zimmer ƒ 134.93 -7 5 17.8 4.7 16.5 758 -3 6 26.4 2866 6 21 337.2 -5 -1 8500 12 22 15.9 -17 -14 43 6756 -38Cypress Semiconductor ƒ 134.60 3 -16 n/m 10.7 13.1 -262 n/m n/m -20.9 1254 13 59 305.8 118 127 4100 -48 -30 32.8 99 12 n/a 1189 -58Weatherford International ƒ 134.00 14 51 10.1 2.0 27.9 1327 20 96 19.9 6678 23 75 133.6 -7 3 50000 32 75 2.7 -14 -13 54 9895 -46Hasbro ƒ 133.14 14 18 38.7 4.8 7.7 344 6 37 12.3 2797 5 23 474.1 5 23 5900 0 0 22.6 14 18 42 2589 -32Rockwell Automation ƒ 133.05 34 36 22.7 3.4 6.0 587 -1 8 14.8 3963 7 12 188.7 2 13 21000 5 -1 6.3 27 37 43 3949 -21Mattel ƒ 132.29 0 6 34.9 3.2 6.6 379 -25 -25 9.2 4116 -1 8 141.9 6 6 29000 -6 2 4.6 7 3 54 4506 -13Dover ƒ 131.59 -11 1 18.2 2.5 4.8 722 5 28 13.6 5323 2 17 164.8 6 14 32300 -3 2 4.1 -8 -2 36 4435 -30JDS Uniphase ƒ 130.83 12 46 n/m 12.3 15.7 -54 n/m n/m -5.1 1064 10 55 149.9 8 40 7100 1 13 18.4 10 31 48 881 -49Parametric Technology ƒ 126.60 12 36 164.8 17.0 19.4 77 23 59 10.3 744 14 35 146.3 -1 3 5087 14 31 24.9 -2 4 66 1110 -31Kellogg ƒ 125.89 1 4 9.4 1.4 5.0 1333 3 9 14.9 8918 9 21 275.2 -11 -4 32400 22 26 3.9 -17 -18 n/a 12265 -133Com ƒ 125.18 -13 16 120.0 13.7 14.9 104 n/a n/a 11.4 916 2 31 156.1 6 -1 5868 -4 18 21.3 -9 -11 n/a 1129 85Medarex ƒ 124.39 0 17 n/m 342.0 351.2 -137 n/m n/m -376.8 36 -7 24 74.5 -5 22 488 -2 3 254.9 3 14 n/a 1431 91Palm ƒ 123.25 -13 14 n/m 24.1 25.9 -213 n/m >-999 -41.6 512 -44 -49 545.1 -38 -41 939 -11 -13 131.3 -2 33 17 1392 179Ciena ƒ 121.73 37 21 800.2 19.4 22.7 15 -40 n/a 2.4 628 16 74 284.9 -6 28 2203 23 37 55.3 12 -12 n/a 794 -23Federal-Mogul ƒ 120.53 -3 14 n/m 2.5 7.2 -189 -114 -183 -4.0 4775 -1 7 110.0 14 10 43400 -13 -3 2.8 12 18 n/a 915 -11RF Micro Devices ƒ 118.78 -18 -5 n/m 19.3 24.5 -592 n/m >-999 -96.1 617 -7 5 150.6 5 -15 4095 -12 22 29.0 -7 -24 n/a 944 45Watson Pharmaceuticals ƒ 118.32 17 29 46.1 6.7 9.2 257 40 377 14.6 1763 2 31 347.8 13 22 5070 -10 6 23.3 31 18 n/a 2527 23PDL BioPharma ƒ 116.08 -20 -13 208.7 43.0 43.8 56 n/a n/a 20.6 270 -16 24 45026.3 >999 >999 6 -99 -99 19346.7 >999 >999 41 706 -25Molex ƒ 114.06 3 19 49.8 4.9 12.0 229 0 23 9.9 2315 2 22 72.0 5 7 32160 -3 12 3.5 6 4 n/a 2082 -23Harley-Davidson ƒ 113.72 -19 -18 15.9 2.9 7.1 716 -28 -30 18.4 3891 -9 -3 418.4 -12 -6 9300 3 4 12.2 -22 -21 27 3704 -43Integrated Device Technology ƒ 112.11 -3 14 n/m 24.3 26.8 -731 >-999 n/m -158.5 461 -15 6 218.4 -5 26 2112 -10 -19 53.1 8 37 80 766 -39Teradata ƒ 111.28 -6 n/a 47.3 9.1 10.2 235 6 n/a 19.2 1225 4 n/a 191.5 -5 n/a 6400 8 n/a 17.4 -14 n/a n/a 3238 n/aBio-Rad Laboratories ƒ 110.95 14 31 92.4 9.0 13.8 120 30 38 9.8 1227 21 41 185.9 17 19 6600 3 19 16.8 10 10 70 1595 -17Eastman Chemical ƒ 109.89 1 -3 31.2 2.3 11.5 352 13 -8 7.3 4796 -6 -3 456.7 -4 5 10500 -3 -8 10.5 4 5 n/a 2735 -12PMC-Sierra ƒ 109.64 -1 13 327.1 30.0 31.3 34 n/a n/a 9.2 365 17 44 343.2 13 37 1064 4 5 103.0 -4 7 80 1376 10DST Systems ƒ 107.87 -1 -13 42.4 6.8 11.7 254 -10 -12 16.0 1590 -1 -4 145.8 0 -5 10900 -1 1 9.9 0 -14 9 1580 -30Huntsman ƒ 107.11 6 40 13.6 1.5 5.6 787 288 116 11.1 7105 -5 -15 563.9 -2 -17 12600 -2 1 8.5 9 39 n/a 1174 -48Quest Software ƒ 106.74 25 54 194.1 20.9 22.5 55 16 38 10.8 511 17 43 147.1 12 16 3477 4 24 30.7 20 24 42 981 -3Cardinal Health ƒ 106.34 49 63 7.7 0.2 0.6 1379 34 11 2.2 63355 3 17 1331.0 -6 26 47600 9 -9 2.2 36 76 n/a 8239 -38National Instruments ƒ 106.15 13 37 159.2 18.6 21.7 67 -6 17 11.7 571 11 32 110.7 0 3 5157 11 28 20.6 2 7 n/a 1356 -27Lubrizol ƒ 104.05 1 14 253.1 3.0 7.0 41 -87 -83 1.2 3497 12 27 501.7 11 31 6970 1 -4 14.9 0 17 62 2902 19Avid Technology ƒ 103.35 -1 19 n/m 17.6 19.4 -147 n/m >-999 -24.9 588 -9 5 250.1 6 14 2350 -14 -7 44.0 14 29 61 323 -46Trimble Navigation ƒ 103.12 13 49 77.8 11.2 12.4 133 1 42 14.3 924 9 47 234.6 0 4 3940 9 42 26.2 3 5 51 2053 -26Skyworks Solutions ƒ 101.55 16 -2 151.5 17.0 24.5 67 39 246 11.2 598 16 11 181.3 16 30 3300 0 -15 30.8 16 15 89 1327 23Black & Decker ƒ 101.54 -3 8 34.2 2.4 4.0 297 -26 -39 7.0 4233 -7 -2 191.5 5 15 22100 -12 -15 4.6 9 26 39 1767 -31Incyte ƒ 101.34 39 55 n/m >999 >999 -111 n/m n/m >-999 3 -89 -81 12.9 -89 -83 212 8 14 478.0 28 36 n/a 394 -38King Pharmaceuticals ƒ 100.97 -3 34 n/m 9.3 12.9 -155 -198 -254 -14.3 1089 -27 -13 320.9 -56 -35 3392 65 30 29.8 -41 -2 n/a 1785 3Nextwave Wireless ƒ 100.36 -4 92 n/m 115.2 117.6 -366 n/m n/m -420.3 87 112 322 126.6 240 n/a 688 -38 n/a 145.9 55 n/a n/a 26 n/aIntersil ƒ 99.86 7 17 n/m 18.7 22.8 -753 -814 >-999 -140.6 535 2 17 349.7 -1 9 1531 2 7 65.2 4 9 n/a 1173 -46UTStarcom ƒ 99.80 -15 -31 n/m 8.7 9.6 -119 n/m n/m -10.4 1141 -34 -38 259.3 -23 -12 4400 -14 -31 22.7 -1 -1 n/a 150 -49Life Technologies ƒ 99.11 23 44 86.3 8.8 13.8 115 -11 120 10.2 1127 24 35 116.2 -45 -38 9700 126 119 10.2 -45 -34 n/a 5622 105Cooper Industries ƒ 98.62 34 71 16.2 2.2 4.3 610 0 33 13.5 4536 10 29 145.4 12 22 31202 -1 6 3.2 35 63 n/a 3765 -39176 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data177

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)1.6 USA continuedElectronics For Imaging ƒ 97.68 -1 15 n/m 25.1 27.1 -101 n/m >-999 -25.9 390 -10 9 192.8 -10 -4 2021 0 15 48.3 -1 0 n/a 371 -30Red Hat ƒ 97.43 27 113 169.7 21.5 25.2 57 17 26 12.6 454 25 87 162.1 -2 1 2800 27 85 34.8 0 21 n/a 2827 -6Edwards Lifesciences ƒ 96.82 14 32 89.6 11.2 15.3 108 7 35 12.5 861 13 22 138.8 2 7 6200 11 14 15.6 3 16 n/a 2521 14Crane ƒ 95.91 40 114 69.5 5.3 7.0 138 n/a 287 7.6 1811 -1 18 150.9 -1 10 12000 0 7 8.0 40 102 n/a 930 -35ArvinMeritor ƒ 94.59 10 -14 66.0 1.9 4.3 143 n/a n/a 2.9 4990 -18 -21 252.0 -26 1 19800 10 -25 4.8 0 13 n/a 411 -45Varian Medical Systems ƒ 94.31 15 46 32.4 6.6 10.5 291 25 39 20.2 1440 16 38 293.8 7 8 4900 9 28 19.2 6 15 53 3213 -41OSI Pharmaceuticals ƒ 94.13 10 1 92.4 31.9 33.1 102 158 n/a 34.6 295 12 75 600.2 18 102 491 -5 -12 191.7 15 14 n/a 1312 -35Polycom ƒ 94.09 -3 24 146.6 12.7 17.1 64 21 31 8.6 744 15 56 280.9 8 8 2648 7 46 35.5 -9 -16 n/a 1345 -8CommScope ƒ 93.74 293 322 n/m 3.4 4.8 -66 -133 -170 -2.4 2794 108 164 186.2 115 1 15000 -3 109 6.2 306 54 51 1760 -22QLogic ƒ 92.68 -1 17 78.2 21.0 25.9 119 28 -4 26.9 441 6 8 427.6 -4 -4 1031 11 12 89.9 -10 5 52 1185 -31BE Aerospace ƒ 91.39 3 56 n/m 6.2 7.7 -25 -115 -126 -1.7 1468 26 93 226.3 22 43 6485 3 38 14.1 0 16 53 1240 -29Bruker ƒ 91.04 127 180 120.9 11.8 16.1 75 114 390 9.8 770 102 183 175.0 2 8 4400 99 164 20.7 14 4 n/a 1174 -26Smith International ƒ 90.00 17 52 7.9 1.2 5.3 1142 20 85 15.2 7491 23 65 291.4 -5 6 25709 29 58 3.5 -10 -3 n/a 4081 -59Emulex ƒ 89.88 10 43 195.0 26.5 32.1 46 65 -3 13.6 340 4 21 398.1 -9 -15 853 14 41 105.4 -4 2 60 569 -19Unisys ƒ 89.72 -28 -61 >999 2.5 3.9 6 -90 n/a 0.2 3640 -7 -9 130.0 -1 8 28000 -7 -16 3.2 -23 -53 n/a 543 -45Myriad Genetics ƒ 89.68 45 111 371.1 38.6 42.7 24 n/a n/a 10.4 232 112 225 233.4 81 132 994 17 45 90.2 24 50 n/a 1714 -15Zymogenetics ƒ 88.11 -11 9 n/m 171.2 177.7 -82 n/m n/m -160.3 51 92 108 97.1 107 88 530 -7 9 166.2 -4 1 n/a 248 -36Cubist Pharmaceuticals ƒ 88.10 49 105 280.4 29.2 35.1 31 9 544 10.4 302 47 156 544.4 30 92 554 13 41 159.0 31 44 0 782 -10Conexant Systems ƒ 87.05 -55 -53 n/m 24.9 26.1 -198 n/m n/m -56.5 350 -38 -41 273.3 40 24 1279 -56 -53 68.1 1 -1 93 85 -56VeriSign ƒ 85.87 -35 2 261.0 7.9 15.6 33 n/a -23 3.0 1082 3 5 328.1 33 33 3297 -22 -22 26.0 -16 32 n/a 2815 -30Brunswick ƒ 84.99 -9 -10 n/m 2.6 4.8 -407 -542 -285 -12.4 3275 -18 -18 165.7 12 13 19760 -27 -27 4.3 24 23 n/a 547 -34Atheros Communications ƒ 84.55 20 85 >999 25.7 27.3 7 -68 -37 2.2 329 13 76 304.5 -8 -18 1079 23 103 78.4 -2 -15 n/a 1047 -22Itron ƒ 83.95 27 97 113.0 6.3 9.6 74 128 170 5.6 1328 30 150 152.7 26 -3 8700 4 134 9.6 23 -31 n/a 1457 -38Newell Rubbermaid ƒ 83.11 7 13 60.0 1.8 4.3 139 -73 -56 3.1 4500 1 -1 220.6 9 24 20400 -7 -22 4.1 16 42 n/a 2652 -20SEI Investments ƒ 81.72 -17 -7 54.7 9.4 11.5 149 -46 -40 17.2 868 -9 24 384.0 -6 21 2260 -3 4 36.2 -15 -10 n/a 2535 -17Microchip Technology ƒ 80.35 -4 9 50.5 12.8 24.1 159 -25 -26 25.3 628 -13 -6 128.3 -14 -15 4895 2 11 16.4 -6 -1 n/a 3439 -17Campbell Soup ƒ 79.98 3 15 10.0 1.4 4.9 798 -9 -5 13.7 5836 6 11 300.8 23 35 19400 -14 -18 4.1 19 40 n/a 7456 -20Nuance Communications ƒ 79.97 44 124 363.3 13.2 15.3 22 -19 217 3.6 604 44 157 99.0 -8 -24 6100 56 224 13.1 -8 -39 23 2462 -1RealNetworks ƒ 79.07 11 50 n/m 18.8 23.7 -171 -967 -262 -40.7 421 7 56 211.1 2 0 1993 4 50 39.7 6 -5 n/a 258 -58Lear ƒ 78.59 -16 -33 n/m 0.8 2.1 -291 -175 -451 -3.1 9438 -15 -20 118.0 -3 4 80000 -12 -24 1.0 -5 -12 n/a 15 -98Fairchild Semiconductor ƒ 78.52 3 20 n/m 7.2 17.9 -102 -243 -274 -9.3 1095 -6 -1 112.1 -7 -6 9771 1 6 8.0 2 14 89 786 -29Zoran ƒ 78.29 -1 18 n/m 25.7 27.0 -151 n/m n/m -49.5 305 -14 -1 216.2 -13 -17 1411 -1 18 55.5 0 0 93 413 35Arris ƒ 78.27 58 73 n/m 9.8 11.7 -81 -201 -292 -10.2 796 15 50 433.1 25 -23 1838 -8 74 42.6 71 -15 n/a 1158 50Inverness Medical Innovations ƒ 77.78 61 140 196.6 6.7 10.6 40 n/a n/a 3.4 1162 99 203 140.1 24 2 8300 61 182 9.4 0 -19 28 1958 4Varian Semiconductor Equipment ƒ 77.37 7 31 73.1 13.3 14.5 106 -41 14 18.3 580 -21 14 375.5 -13 17 1545 -9 -1 50.1 18 33 78 1543 -4Clorox ƒ 77.20 3 17 12.9 2.1 5.3 599 1 4 16.3 3667 9 15 441.9 2 10 8300 6 5 9.3 -3 11 n/a 5579 4Seattle Genetics ƒ 77.16 71 151 n/m 314.9 328.7 -64 n/m n/m -260.5 25 57 188 93.9 14 77 261 38 70 295.6 24 50 n/a 776 n/aEndo Pharmaceuticals ƒ 76.65 -20 22 28.6 8.7 10.1 268 22 44 30.6 877 16 47 721.0 15 2 1216 1 39 63.0 -21 -12 n/a 1733 -9USEC ƒ 76.65 -13 14 171.4 6.8 34.2 45 -44 -41 4.0 1123 -16 -4 377.1 -19 -10 2978 4 7 25.7 -17 7 n/a 372 -5Salesforce.com ƒ 76.32 47 n/a 174.4 10.2 15.9 44 208 n/a 5.8 749 44 n/a 210.0 5 n/a 3566 37 n/a 21.4 7 n/a n/a 4047 n/aRigel Pharmaceuticals ƒ 76.28 90 182 n/m n/a n/a -95 n/m n/m n/a 0 -100 -100 0.0 -100 -100 181 14 18 421.4 67 141 n/a 211 -65Moog ƒ 76.23 7 79 53.3 5.8 10.6 143 19 59 10.8 1323 22 57 149.6 15 25 8844 6 26 8.6 1 48 42 808 -39THQ ƒ 75.95 -15 14 n/m 13.2 14.2 -270 n/m >-999 -46.7 577 -19 -8 288.6 -3 -18 2000 -17 10 38.0 2 3 n/a 294 -59Sirf Technology (now part of CSR, UK) ƒ 75.61 12 88 n/m 46.8 49.8 -253 n/m >-999 -156.3 162 -29 8 283.1 -7 -20 571 -24 30 132.4 48 48 81 n/l n/lPerkinElmer ƒ 75.16 -3 12 64.6 5.6 7.8 116 4 3 8.6 1348 8 15 170.6 19 28 7900 -9 -10 9.5 7 24 61 1428 -40TIBCO Software ƒ 74.14 15 36 162.3 16.5 17.9 46 3 0 10.2 448 12 34 216.5 2 3 2070 9 30 35.8 5 5 n/a 1143 8International Rectifier ƒ 73.59 -14 -2 n/m 10.7 15.0 -95 -213 -196 -13.8 685 -18 -15 134.3 -12 -1 5100 -7 -14 14.4 -7 13 n/a 845 -10Medicines ƒ 73.53 37 66 n/m 30.4 35.9 -8 n/m n/m -3.1 242 35 82 534.5 -9 10 453 49 66 162.3 -8 0 n/a 289 -65Air Products and Chemicals ƒ 73.52 -25 -23 8.1 1.0 10.9 910 -14 14 12.0 7608 8 26 360.6 13 24 21100 -5 2 3.5 -21 -25 n/a 10858 -19178 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data179

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)1.6 USA continuedNektar Therapeutics ƒ 73.37 56 53 n/m 117.0 137.9 -106 n/m n/m -168.7 63 -67 -51 185.6 -44 -2 338 -41 -52 217.1 165 218 66 490 73F5 Networks ƒ 73.09 52 142 104.3 16.2 20.5 70 1 35 15.5 452 24 90 266.9 16 15 1694 7 67 43.1 42 47 42 1985 12Gsi Commerce ƒ 72.32 58 160 n/m 10.8 16.7 -7 n/m -601 -1.1 673 29 81 150.4 35 -3 4470 -4 69 16.2 65 48 n/a 588 n/aAbraxis Bioscience ƒ 72.05 17 54 n/m 30.0 42.7 -207 n/m >-999 -86.1 240 3 -32 327.2 -13 18 734 19 -45 98.2 -2 122 n/a 826 -61Millipore ƒ 71.36 -4 27 43.9 6.4 11.2 162 8 46 14.6 1114 5 37 188.9 6 26 5900 -2 10 12.1 -2 17 61 2631 -2Compuware ƒ 70.61 -11 -30 50.3 9.3 11.0 140 26 43 18.5 758 -11 -11 151.5 12 30 5006 -21 -32 14.1 13 3 n/a 1231 -39Interdigital ƒ 70.42 16 52 277.2 44.3 46.8 25 58 -61 16.0 159 -2 -7 419.3 -2 -16 379 0 11 185.8 17 37 n/a 925 18Silicon Laboratories ƒ 70.39 13 5 234.8 24.4 27.4 30 72 -22 10.4 289 8 -4 397.6 -16 -17 727 29 14 96.8 -12 -8 88 1315 19Tekelec ƒ 69.98 9 -13 158.5 21.8 26.1 44 n/a n/a 13.8 320 0 -7 295.2 -14 15 1085 17 -23 64.5 -6 9 61 769 0Illumina ƒ 69.53 35 165 124.2 17.4 27.9 56 n/a n/a 14.0 399 56 239 259.6 6 44 1536 48 168 45.3 -8 -1 n/a 3207 -23Medicis Pharmaceutical ƒ 69.49 153 41 389.0 19.3 21.4 18 -74 -37 5.0 360 11 39 623.0 -9 -8 578 22 50 120.2 107 -6 n/a 723 -12Valeant Pharmaceuticals ƒ 67.52 -7 -8 n/m 12.2 14.3 -99 -418 n/m -17.9 554 -12 -4 237.7 13 45 2331 -22 -36 29.0 20 41 n/a 1518 36Praxair ƒ 67.46 -1 13 5.1 0.9 15.8 1321 7 33 17.6 7509 15 35 278.8 19 37 26936 -4 -1 2.5 3 15 n/a 16573 -15Avocent ƒ 67.27 10 52 305.8 14.7 16.3 22 -37 -36 4.8 457 9 42 231.9 0 -33 1971 10 85 34.1 0 -29 n/a 512 -30Valspar ƒ 67.15 7 18 33.7 2.8 4.0 199 -11 -2 8.2 2422 7 22 257.7 14 12 9400 -6 9 7.1 14 7 n/a 1864 19Cymer ƒ 67.09 18 39 160.6 21.0 26.2 42 -48 -29 13.1 319 -12 -2 321.2 -10 -10 994 -3 9 67.5 21 27 n/a 708 24Midway Games ƒ 66.34 -8 -3 n/m 43.4 44.5 -79 n/m n/m -51.8 153 40 38 282.8 133 108 540 -40 -34 122.8 53 47 n/a 1 -100Avery Dennison ƒ 65.38 -2 7 22.8 1.4 3.3 287 -15 -5 6.1 4667 6 18 130.7 10 -17 35700 -4 38 1.8 2 -25 67 2151 -35FMC ƒ 65.24 -1 -1 19.0 3.0 8.6 343 119 96 15.8 2167 18 36 433.3 18 36 5000 0 0 13.0 -1 -1 66 2605 -29Wabco ƒ 64.61 10 n/a 37.2 3.6 6.6 174 4 n/a 9.6 1800 7 n/a 250.0 15 n/a 7200 -6 n/a 9.0 18 n/a 94 882 n/aCell Genesys ƒ 64.37 -13 -4 n/m 97.9 99.0 -62 n/m n/m -94.7 66 >999 >999 1078.3 >999 >999 61 -80 -80 1055.2 332 379 n/a 24 -86Finisar ƒ 64.03 20 44 n/m 17.0 21.4 -178 n/m n/m -47.4 376 23 44 75.2 10 5 5004 12 37 12.8 8 2 66 211 -28Oshkosh ƒ 63.99 21 106 23.3 1.3 2.4 275 -33 15 5.5 4965 13 91 354.6 15 35 14000 -1 46 4.6 23 46 27 1678 103Energizer ƒ 63.78 30 27 13.7 2.1 5.8 467 31 50 15.5 3012 29 41 183.6 29 27 16410 0 11 3.9 30 13 n/a 3278 9TriQuint Semiconductor ƒ 63.62 40 64 n/m 16.0 31.2 -11 -200 -656 -2.8 399 21 50 173.6 -1 19 2297 22 26 27.7 15 31 n/a 726 20FLIR Systems ƒ 62.57 24 56 31.7 8.4 10.9 197 45 108 26.3 749 38 84 385.5 24 19 1943 11 48 32.2 11 2 38 2452 -33Netflix ƒ 62.51 26 134 77.7 6.6 9.8 80 37 266 8.5 949 13 89 577.3 6 38 1644 7 38 38.0 18 77 n/a 1848 41Progress Software ƒ 61.06 9 25 136.4 17.0 18.6 45 12 24 12.5 359 4 21 186.2 -10 2 1926 16 19 31.7 -6 5 n/a 632 -26Roper Industries ƒ 60.79 29 60 17.7 3.8 5.1 343 13 63 21.4 1604 10 48 203.1 -1 22 7900 11 23 7.7 16 31 n/a 2950 -22Esterline Technologies ƒ 60.37 23 80 51.7 5.9 8.6 117 9 72 11.3 1032 17 60 106.4 13 27 9699 4 28 6.2 19 44 n/a 632 -36InterMune ƒ 60.03 -19 -8 n/m 178.9 183.1 -68 n/m n/m -202.6 34 -28 -58 258.2 -27 -32 130 -2 -39 461.8 -17 32 n/a 469 2Ecolab ƒ 59.81 4 20 12.8 1.4 6.7 469 1 14 11.0 4269 12 29 161.1 10 13 26500 2 14 2.3 2 6 n/a 6963 -9L-3 Communications ƒ 59.81 -7 9 5.1 0.6 2.0 1164 16 56 11.2 10364 7 39 159.4 6 26 65000 1 12 0.9 -8 -4 12 6084 -28Regeneron Pharmaceuticals ƒ 59.68 -18 -12 n/m 36.0 50.6 -62 n/m n/m -37.7 166 91 123 180.5 42 61 919 35 43 64.9 -39 -42 n/a 1256 13Sealed Air ƒ 59.54 -6 8 24.3 1.8 5.5 245 -40 -34 7.3 3369 4 15 198.2 8 18 17000 -4 -2 3.5 -2 10 n/a 2112 -13Lawson Software ƒ 59.38 0 25 274.3 10.0 12.7 22 n/a 733 3.7 593 14 85 141.1 3 4 4200 11 65 14.1 -9 -35 50 708 -27Zebra Technologies ƒ 59.20 48 80 n/m 8.7 12.9 -12 -112 -112 -1.7 679 12 31 212.3 12 10 3200 0 19 18.5 48 52 55 1024 -26American Axle & Manufacturing ƒ 59.12 6 11 n/m 4.0 10.7 -733 >-999 >-999 -49.9 1467 -35 -37 202.3 -12 -10 7250 -26 -30 8.2 43 59 6 119 -44OmniVision Technologies ƒ 59.04 7 59 n/m 16.7 23.1 -26 -159 -151 -7.5 353 -37 -8 265.7 -10 7 1328 -29 -18 44.5 52 98 93 453 11Silicon Image ƒ 58.99 9 28 n/m 30.9 33.5 -5 -123 -120 -2.4 191 -14 10 312.9 -11 -20 610 -4 36 96.7 13 -10 n/a 141 -62Fidelity National Information ƒ 58.98 -20 -15 16.9 1.9 3.7 349 -34 15 11.4 3072 -7 59 118.1 11 18 26000 -16 29 2.3 -5 -53 n/a 3253 7Affymetrix ƒ 58.97 10 7 n/m 20.7 24.0 -167 >-999 >-999 -58.6 285 10 14 253.0 12 7 1128 -1 5 52.3 11 1 34 466 14Applied Micro Circuits ƒ 58.90 -13 -17 n/m 39.5 42.9 -191 n/m n/m -127.9 149 -13 -19 270.4 -8 -7 551 -5 -14 106.9 -8 -3 n/a 362 0Wind River Systems (now part of Intel) ƒ 58.35 3 19 >999 23.3 26.1 4 n/a 13 1.4 250 9 29 149.5 -1 -2 1673 11 32 34.9 -7 -10 48 n/l n/lADC Telecommunications ƒ 58.08 20 22 129.7 5.6 8.4 45 0 36 4.3 1039 12 30 98.0 -4 3 10600 17 27 5.5 2 -4 n/a 609 -20Sauer-Danfoss ƒ 57.67 18 36 432.9 4.0 13.5 13 -84 -81 0.9 1454 6 25 151.5 8 18 9600 -2 7 6.0 20 28 65 196 -82WR Grace ƒ 57.52 4 30 43.6 2.5 6.5 132 31 330 5.7 2307 6 23 366.2 10 27 6300 -3 -3 9.1 7 34 64 903 -31Biomet ƒ 57.17 -13 2 n/m 3.9 11.7 -471 -238 -226 -31.7 1485 1 12 205.6 -9 -18 7220 11 32 7.9 -22 -25 n/a n/l n/lADTRAN ƒ 56.91 9 19 71.5 16.3 18.2 80 8 -1 22.9 348 5 4 211.8 3 2 1644 2 3 34.6 6 15 n/a 1008 3180 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data181

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)1.6 USA continuedNewMarket ƒ 56.86 6 18 72.1 5.1 7.0 79 -2 24 7.0 1125 18 40 878.9 12 28 1280 5 10 44.4 1 7 61 840 21Cytec Industries ƒ 56.75 8 26 n/m 2.2 7.6 -82 -136 -150 -3.2 2532 4 27 377.8 5 21 6700 -1 6 8.5 9 20 55 930 -47Waters ƒ 56.75 1 12 20.9 5.2 9.6 271 12 30 24.7 1096 7 26 219.1 7 16 5000 0 9 11.3 1 4 70 3494 -26Synta Pharmaceuticals ƒ 56.74 26 53 n/m >999 >999 -65 n/m n/m >-999 2 252 >999 14.1 377 >999 129 -26 n/a 439.8 71 n/a n/a 78 n/aAlliant Techsystems ƒ 56.70 19 49 21.2 1.8 4.2 267 -11 11 8.4 3188 10 33 167.8 -2 10 19000 12 22 3.0 7 23 n/a 1770 -24Hologic ƒ 56.63 83 201 n/m 4.9 8.0 -138 -234 -426 -11.8 1165 127 290 296.1 106 52 3933 10 130 14.4 67 13 n/a 2651 -25Altus Pharmaceuticals ƒ 56.61 93 170 n/m >999 >999 -69 n/m n/m >-999 2 -92 -81 10.4 -92 -85 145 -9 7 390.4 113 122 n/a 7 n/aLexicon Pharmaceuticals ƒ 56.61 45 104 n/m 251.8 258.6 -56 n/m n/m -247.3 22 -36 -50 64.8 2 -8 347 -37 -46 163.2 129 264 n/a 132 -21Estee Lauder ƒ 56.27 9 13 10.0 1.0 5.5 561 8 16 10.2 5502 12 23 171.9 0 -3 32000 12 27 1.8 -3 -12 n/a 5171 -16Modine Manufacturing ƒ 56.08 -13 26 n/m 5.1 11.6 -66 n/m -264 -6.0 1100 -16 -8 158.2 -2 7 6953 -14 -15 8.1 1 45 n/a 185 -52Gen-Probe ƒ 56.00 0 36 56.2 17.0 25.4 100 44 58 30.3 329 17 42 331.7 17 29 991 0 11 56.5 0 25 n/a 1351 -40Infinera ƒ 55.94 32 93 109.7 15.5 19.9 51 n/a n/a 14.1 361 111 405 385.4 60 n/a 937 32 295 59.7 0 n/a 21 509 n/aInvestment Technology ƒ 55.85 16 65 39.6 10.5 14.0 141 2 48 26.6 531 4 47 401.1 -4 3 1323 9 45 42.2 7 15 n/a 727 -21VeriFone ƒ 55.73 10 59 n/m 8.7 10.6 -221 >-999 -659 -34.5 641 2 56 271.5 -4 4 2362 6 27 23.6 3 7 61 594 -34Celanese ƒ 55.64 10 -11 20.8 1.2 5.2 268 -53 -42 5.6 4745 3 3 568.3 3 10 8350 -1 -6 6.7 10 -4 72 2730 -28WMS Industries ƒ 55.57 38 58 76.5 12.3 27.5 73 41 175 16.1 452 20 62 295.3 11 37 1531 8 20 36.3 27 32 n/a 1455 24Eclipsys ƒ 55.37 2 8 849.5 15.4 20.3 7 -46 109 1.8 359 8 29 128.1 -7 0 2800 17 30 19.8 -12 -17 1 689 -20Intuitive Surgical ƒ 55.20 62 179 25.5 9.1 16.2 216 50 208 35.5 609 46 161 580.1 6 38 1049 37 103 52.6 18 42 n/a 6020 -26Orexigen Therapeutics ƒ 55.13 58 189 n/m >999 >999 -66 n/m n/m >-999 999 17.2 23.4 2 -90 -54 0.6 309 46 147 215.7 5 15 1434 39 117 37.2 7 6 57 517 30Salix Pharmaceuticals ƒ 53.30 11 78 n/m 42.9 43.3 -32 -494 n/m -26.1 124 -24 1 444.0 -27 -19 280 4 28 190.3 7 46 n/a 432 65Rambus ƒ 53.01 -8 35 n/m 53.5 60.4 -62 n/m n/m -62.3 99 -21 -16 300.3 3 -12 330 -23 -7 160.6 20 49 n/a n/a n/aAdvanced Medical Optics (now Abbott MedicalOptics) (now part of Abbott Laboratories) ƒ52.81 -7 19 230.3 6.4 8.3 23 n/a n/a 2.8 824 9 26 222.1 20 21 3711 -9 4 14.2 3 15 n/a n/l n/lKinetic Concepts ƒ 52.75 50 103 21.8 4.0 11.0 242 -6 29 18.6 1306 17 45 189.3 8 24 6900 8 18 7.6 39 73 28 1676 -4Airvana ƒ 52.04 -2 29 268.6 54.2 55.4 19 -83 -50 20.2 96 -55 -13 173.2 -54 n/a 555 -1 n/a 93.8 -1 n/a n/a 268 n/aCoherent ƒ 51.67 0 11 300.8 12.4 16.2 17 114 -13 4.1 417 0 9 193.9 8 16 2149 -8 -5 24.0 8 18 68 369 -37Standard Microsystems ƒ 51.59 4 24 n/m 22.8 28.3 -40 -254 -394 -17.8 226 -14 2 239.3 -19 -16 946 7 23 54.5 -3 1 91 360 -17Cabot ƒ 51.47 7 24 49.0 2.3 8.6 105 -18 35 4.7 2219 22 38 516.1 22 39 4300 0 -1 12.0 7 25 n/a 918 -22Fiserv ƒ 51.47 30 37 8.3 1.5 5.6 617 14 21 18.2 3389 -3 12 169.5 21 30 20000 -20 -13 2.6 62 58 n/a 5166 -9Nalco ƒ 51.47 12 22 n/m 1.8 4.9 -47 -114 -119 -1.6 2930 8 22 248.9 6 14 11770 2 7 4.4 10 14 n/a 1712 -23DSP ƒ 51.37 26 66 n/m 24.2 26.8 -144 n/m >-999 -67.6 213 23 51 476.9 38 16 446 -11 28 115.2 42 28 92 139 -1TerreStar ƒ 51.16 71 295 n/m n/a n/a -66 n/m n/m n/a 0 n/m -100 0.0 n/m -100 89 -49 -21 574.8 236 543 n/a 116 -36Woodward Governor ƒ 51.06 12 36 40.0 5.8 8.8 128 38 106 14.6 875 21 47 150.3 -12 -6 5823 37 57 8.8 -18 -13 58 956 -57Onyx Pharmaceuticals ƒ 50.81 187 89 n/m 37.6 38.4 -7 n/m n/m -5.4 135 n/m >999 686.1 n/m >999 197 29 93 257.9 123 -33 n/a 1229 n/aHexion Specialty Chemicals ƒ 50.77 4 32 n/m 1.2 3.4 -625 -409 -553 -14.7 4238 5 42 623.2 -1 19 6800 6 20 7.5 -2 13 n/a n/l n/lInformatica ƒ 50.44 4 33 85.2 15.9 17.0 59 77 138 18.7 317 16 52 196.7 -1 5 1611 18 45 31.3 -12 -10 n/a 1155 8Sonus Networks ƒ 50.23 -9 33 n/m 23.0 26.1 -36 n/m n/m -16.5 219 -2 30 220.6 -8 0 991 7 31 50.7 -15 3 n/a 354 -52Perrigo ƒ 50.21 9 56 36.5 4.0 6.4 137 171 n/a 10.8 1267 26 54 204.4 26 21 6200 0 20 8.1 9 28 n/a 1717 -25Plantronics ƒ 50.12 -6 12 n/m 9.4 12.5 -56 -202 -187 -10.6 532 -11 3 147.9 24 54 3600 -28 -35 13.9 30 68 n/a 865 5182 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data183

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)1.6 USA continuedTenneco ƒ 50.08 -6 20 n/m 1.2 5.2 -2 -101 -101 -0.1 4115 -4 21 195.9 -4 12 21000 0 9 2.4 -6 11 n/a 524 24BJ Services ƒ 50.07 7 24 8.0 1.3 12.5 624 -22 2 16.5 3774 13 45 209.7 5 20 18000 8 22 2.8 -1 2 n/a 3060 -45Varian ƒ 49.94 10 26 72.9 7.1 9.5 68 6 21 9.7 704 10 15 180.6 10 14 3900 0 1 12.8 10 24 72 1035 4Akamai Technologies ƒ 49.83 3 72 33.8 9.1 20.5 148 46 141 26.8 550 24 103 366.7 8 32 1500 15 60 33.2 -11 13 n/a 2183 -16Pall ƒ 49.83 15 23 20.0 2.8 7.6 249 20 50 13.9 1789 14 30 168.7 15 29 10600 -1 0 4.7 16 22 n/a 2495 -25ANSYS ƒ 49.79 27 74 42.2 15.0 18.4 118 34 147 35.5 333 24 103 190.1 -1 13 1750 25 77 28.5 1 -7 67 2277 -9Fortune Brands ƒ 49.52 -12 -1 16.6 0.9 3.3 299 -70 -68 5.6 5292 -14 -7 195.3 -1 11 27100 -13 -16 1.8 1 18 23 4129 -34Terex ƒ 49.52 2 30 17.7 0.7 1.9 280 -58 -31 4.1 6878 8 40 343.9 14 30 20000 -5 9 2.5 8 20 70 1198 -62IDEXX Laboratories ƒ 49.15 5 43 41.0 6.9 15.6 120 27 42 16.8 712 11 44 151.5 11 14 4700 0 26 10.5 5 15 34 2066 -7Trizetto (now part of TZ Holdings) ƒ 49.12 37 68 141.6 15.6 19.5 35 191 680 11.0 314 30 50 157.1 4 17 2000 25 28 24.6 10 31 0 n/l n/lQuantum ƒ 49.06 -21 -31 n/m 8.7 9.4 -228 n/m n/m -40.5 563 -17 -11 300.9 -9 15 1870 -9 -23 26.2 -14 -10 34 159 -30FEI ƒ 48.95 7 18 266.0 11.7 14.0 18 -49 120 4.4 417 1 22 227.7 3 13 1830 -2 8 26.7 9 9 n/a 593 -14Avon Products ƒ 48.69 -3 5 5.4 0.7 4.3 905 50 31 12.3 7365 8 23 175.3 8 29 42000 0 -6 1.2 -3 11 65 9686 -24Osiris Therapeutics ƒ 48.61 43 161 n/m 201.4 201.8 -44 n/m n/m -181.2 24 128 326 148.1 86 n/a 163 23 n/a 298.2 17 n/a n/a 271 n/aTheravance ƒ 48.49 -52 -45 n/m 301.9 306.3 -65 n/m n/m -403.6 16 5 48 84.1 71 119 191 -39 -31 253.9 -21 -19 n/a 543 -162 Europe (307) 133127.61 8.5 17.9 29.5 2.8 10.6 450834 -22 -4.4 9.6 4709504 9 22.3 291.2 3.7 11.5 16049148 4.3 9.4 8.3 4.1 7.4 n/a 3537961 -21.32.1 Austria (4) 288.03 35 73 19.8 1.3 8.2 1454 -21.7 8.2 6.8 21359 8.9 44.8 339.3 2.4 -3.8 62941 6.3 49.7 4.6 27.1 14.1 n/a 6359 -38.2voestalpine 108.28 21 60 11.0 1.0 9.1 982 -12 19 8.7 11341 10 55 260.6 6 2 43523 4 51 2.5 16 4 n/a 3407 -48Borealis 80.24 69 89 28.7 1.2 7.9 279 -50 -31 4.3 6474 5 24 1202.3 -1 11 5385 6 13 14.9 59 68 11 n/l n/lIntercell 49.99 55 100 n/m 92.7 162.4 -18 n/m n/m -32.6 54 17 171 165.4 -18 60 326 42 91 153.3 9 5 n/a 1201 -19Andritz 49.53 13 59 23.5 1.4 3.2 211 14 65 6.0 3490 10 57 254.6 -4 -5 13707 14 64 3.6 -1 -5 52 1751 -222.2 Belgium (9) 2018.69 5.8 22.4 n/m 3.9 11.9 -2098 -116.8 -91.6 -4.1 51449 -16.2 -10.4 196.4 -18.8 -15.5 261992 3.3 -9.2 7.7 2.4 10.5 n/a 77394 -9.8UCB 741.49 -2 35 678.8 21.3 24.2 109 -62 -69 3.1 3481 -1 21 308.3 6 0 11292 -7 20 65.7 5 14 46 4331 -15Solvay 558.78 1 13 104.0 6.1 13.2 538 -41 -30 5.9 9174 -1 6 311.7 -5 4 29433 4 2 19.0 -2 11 43 5869 -18Agfa-Gevaert 173.05 -11 -10 n/m 5.9 7.5 -44 -142 -140 -1.5 2931 -8 -12 234.8 0 3 12486 -8 -15 13.9 -3 5 45 410 -37Umicore 162.06 35 61 52.8 1.8 4.1 307 16 22 3.5 8864 -4 13 889.2 -9 16 9968 6 -4 16.3 27 66 34 2260 -31KBC 103.44 138 113 n/m 2.2 22.0 -2907 -169 -177 -62.3 4666 -64 -61 78.9 -66 -66 59150 6 13 1.7 125 87 0 8523 -66Dexia 87.97 -5 64 n/m 2.6 13.2 -3748 -234 -237 -109.0 3439 -48 -44 122.4 -50 -57 28099 4 28 3.1 -9 34 n/a 10762 -3Barco 75.37 -4 3 n/m 10.0 11.1 -21 -134 -142 -2.8 753 -6 5 206.5 -13 15 3644 8 -11 20.7 -11 13 n/a 426 11Bekaert 66.26 21 34 25.7 2.6 11.5 258 24 38 10.0 2574 22 29 151.7 10 -4 16971 11 32 3.9 9 0 59 1794 -26Anheuser-Busch Inbev 50.27 160 201 1.5 0.3 10.3 3410 -6 45 21.9 15567 12 34 171.2 9 21 90949 3 11 0.6 154 171 63 43019 402.3 Croatia (1) 70.08 -7.5 -13.7 761.1 10.1 15.8 9 n/a -82.9 1.3 695 -2.5 -9 113.3 3.4 -3.2 6137 -5.7 -6.2 11.4 -1.9 -8.3 n/a 1448 -31.9Pliva 70.08 -7 -14 761.1 10.1 15.8 9 n/a -83 1.3 695 -2 -9 113.3 3 -3 6137 -6 -6 11.4 -2 -8 36 1448 -322.4 Denmark (14) 2652.46 17.6 50.1 59.5 6.4 14.5 4460 -28.6 -16.3 10.7 41568 10.1 29.4 263.3 0.1 4.2 157845 10 24.6 16.8 6.9 21.5 n/a 58503 -15.9Novo Nordisk 961.85 0 31 60.5 16.3 20.1 1591 20 41 26.9 5917 9 27 227.0 2 7 26069 7 19 36.9 -7 11 62 21707 -5Lundbeck 290.09 2 25 96.2 19.8 26.5 302 -11 4 20.6 1465 3 16 281.4 1 13 5208 1 2 55.7 1 22 43 2792 -18Vestas Wind Systems 215.58 87 157 33.4 3.7 12.1 645 51 476 11.1 5834 24 65 325.5 -4 4 17924 30 60 12.0 44 63 40 10656 -32Genmab 184.81 70 165 n/m 190.9 200.3 -113 n/m n/m -116.8 97 41 288 171.3 -28 84 565 94 139 327.1 -12 14 n/a 1270 -37Danfoss 154.05 33 67 276.5 4.4 12.0 56 -76 -67 1.6 3524 19 44 128.7 -5 2 27386 26 42 5.6 6 19 36 n/l n/lDONG Energy 149.51 140 448 15.6 1.9 18.1 961 73 77 12.2 7894 46 121 1476.4 35 -14 5347 8 115 28.0 123 172 n/a n/l n/lGrundfos ƒ 144.16 51 77 87.4 5.8 15.9 165 -15 -9 6.7 2470 13 32 141.3 2 5 17482 11 26 8.2 36 41 33 n/l n/lNovozymes 129.24 12 26 66.9 12.2 23.3 193 1 17 18.3 1058 10 23 211.9 3 4 4993 7 18 25.9 5 7 62 3284 -10Danisco 93.39 0 0 118.5 3.9 9.7 79 -64 -65 3.3 2406 -3 -5 267.8 5 6 8986 -8 -10 10.4 9 12 n/a 1618 -29Danske Bank 77.16 20 46 26.6 1.0 5.5 290 -88 -87 3.7 7843 -13 -7 330.1 -13 -25 23755 1 22 3.2 20 20 n/a 11504 -19184 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data185

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)2.4 Denmark continuedGN Store Nord 68.97 -1 38 >999 9.4 11.8 4 n/a -92 0.6 731 -6 -10 152.6 -3 -5 4786 -3 -5 14.4 1 45 54 697 -10Bang & Olufsen 68.83 7 8 288.8 13.0 17.6 24 -65 -56 4.5 532 -6 3 209.2 -12 0 2541 6 3 27.1 2 5 18 269 -24William Demant 64.69 7 25 47.9 9.3 12.2 135 -13 -9 19.3 698 -2 10 129.7 -8 -3 5383 6 13 12.0 1 11 50 2583 9Coloplast 50.14 21 59 38.8 4.6 13.0 129 28 7 11.7 1099 2 20 148.2 -3 3 7420 5 16 6.8 15 38 21 2122 82.5 Finland (9) 5784.42 0.7 24.8 94.2 7.1 10.0 6138 -18.3 -9.3 7.5 82046 -2.7 19.4 301.7 -10 -6.1 271969 8.1 27.2 21.3 -6.8 -0.7 n/a 53231 -44.3Nokia 5144.04 1 29 107.0 10.5 12.6 4807 -17 -2 9.8 49024 -1 30 402.7 -18 -27 121723 21 76 42.3 -17 -29 n/a 34893 -51Metso 124.71 16 33 20.6 2.0 5.3 605 12 66 9.8 6187 2 32 220.9 -4 14 28010 7 16 4.5 9 14 58 2317 -37Wartsila 116.98 -1 31 23.7 2.6 5.6 493 40 82 11.1 4459 23 53 253.0 7 16 17623 15 33 6.6 -14 2 63 2479 -51Orion 92.42 6 n/a 51.8 13.5 18.1 179 -2 n/a 26.0 687 4 n/a 210.1 0 n/a 3270 3 n/a 28.3 3 n/a 21 1692 -10Stora Enso 77.53 -21 -11 n/m 0.7 6.8 -699 -443 -322 -6.3 11174 -24 -16 321.3 -5 7 34772 -20 -22 2.2 -2 15 19 3818 -35Kemira 64.19 9 32 141.3 2.3 6.9 45 -63 -65 1.7 2738 1 15 275.1 1 6 9954 -1 9 6.4 10 22 33 1224 19Kone 56.36 15 11 10.4 1.3 2.7 542 81 75 12.2 4450 13 17 131.1 2 2 33935 10 15 1.7 4 -3 35 5452 22TietoEnator (now Tieto) 55.97 -13 -4 53.1 3.1 7.1 105 n/a -1 5.8 1804 5 10 110.0 0 -5 16397 5 16 3.4 -18 -17 n/a 869 -13Amer Sports 52.20 -4 17 85.6 3.4 5.8 61 39 -26 4.0 1524 -5 7 242.5 0 -4 6285 -5 12 8.3 1 5 54 485 -352.6 France (47) 23651.05 1 15 30.8 2.8 10.5 76831 -12.4 -5.1 9.1 841350 6.6 19.9 254.8 2.3 7.7 3302356 4.2 11.8 7.2 -2.8 3.4 n/a 597815 -26.9Sanofi-Aventis 4454.76 1 20 88.9 16.7 21.6 5010 -20 22 18.8 26651 -2 12 271.4 0 12 98213 -1 0 45.4 2 20 56 59236 -11Alcatel-Lucent 3061.68 -6 49 n/m 18.6 21.1 -5027 n/m n/m -30.6 16419 -6 16 211.3 -7 2 77717 2 11 39.4 -8 34 65 5461 -46Peugeot (PSA) 2293.12 14 11 n/m 4.4 8.4 -306 -130 -125 -0.6 52548 -10 -5 260.5 -8 -2 201700 -3 -3 11.4 18 14 n/a 4746 -43Renault 2160.67 -9 -2 >999 6.1 14.8 157 -94 -95 0.4 35285 -8 -9 269.4 -6 -9 130985 -2 0 16.5 -7 -1 n/a 8964 -49France Telecom 870.07 1 18 8.8 1.7 11.8 9920 2 16 19.2 51709 1 7 282.9 2 12 182793 -1 -5 4.8 1 23 n/a 45417 -18Valeo 759.86 -1 3 n/m 9.1 14.6 -67 -121 -122 -0.8 8376 -14 -12 163.6 2 15 51200 -16 -24 14.8 19 34 34 1438 -25Vivendi 697.02 70 117 23.9 2.8 8.7 2917 -37 -28 11.9 24548 17 27 554.8 6 10 44243 11 16 15.8 54 88 26 22224 -31Schneider 684.46 5 21 27.4 3.9 6.2 2496 8 43 14.1 17702 6 38 140.0 0 8 126481 6 29 5.4 -1 -7 56 16455 -12ALSTOM 600.35 11 54 41.0 3.3 6.1 1465 23 157 8.1 18116 11 27 253.3 5 20 71511 5 6 8.4 5 45 48 13500 -37TOTAL 591.65 3 -1 2.5 0.4 7.5 24136 -6 5 15.6 154999 17 30 1598.6 17 37 96959 1 -7 6.1 2 6 33 88419 -25SAFRAN 588.75 -31 -18 >999 5.7 10.5 28 -51 n/a 0.3 10268 -8 12 182.7 -14 -1 56191 7 14 10.5 -36 -30 46 4947 -7L'Oreal 561.97 4 13 22.7 3.3 7.2 2479 -8 4 14.6 16958 3 15 250.6 -4 -3 67662 7 18 8.3 -3 -5 n/a 35787 -21Thales 550.27 -3 17 77.3 4.5 7.5 712 1 31 5.8 12244 3 18 193.6 0 3 63248 3 14 8.7 -6 3 37 5865 -27AREVA 535.58 -3 25 103.2 4.2 13.0 519 -40 -27 4.1 12722 10 23 168.7 -4 0 75414 15 24 7.1 -15 2 43 555 -48Michelin 482.41 -13 -13 58.4 3.0 10.2 827 -35 -35 5.2 15862 -3 3 132.1 -1 7 120067 -2 -4 4.0 -11 -9 50 7689 11Electricite de France 407.00 12 6 6.6 0.7 15.3 6139 -18 -14 9.9 62141 8 19 398.5 6 19 155931 1 0 2.6 11 6 0 62555 -41Saint-Gobain 372.20 -4 9 13.9 0.9 5.8 2680 0 3 6.3 42343 1 15 203.5 1 8 208053 0 7 1.8 -4 2 30 15133 -11Societe Generale 300.66 -1 26 7.8 1.4 24.4 3875 117 -25 18.3 21139 0 9 131.8 -19 -25 160430 23 46 1.9 -20 -9 15 31754 -25UBIsoft Entertainment 294.28 35 125 305.9 32.8 33.9 96 165 419 10.7 897 36 63 217.9 24 18 4118 10 37 71.5 22 71 48 1141 -64Dassault Systemes 274.87 -3 7 122.8 21.3 25.0 224 -5 2 17.3 1290 6 29 163.9 0 0 7875 6 29 34.9 -8 -19 54 2884 -72Dassault Aviation 263.66 3 -2 62.6 7.3 10.8 421 -9 0 11.6 3623 -8 5 292.4 -10 2 12391 2 3 21.3 1 -5 n/a 4190 -25Thomson 248.45 -19 -9 n/m 5.2 9.5 -1527 >-999 >-999 -32.2 4740 -20 -30 208.1 -13 1 22775 -8 -33 10.9 -12 23 55 262 -70Danone 191.42 39 52 8.2 1.3 5.8 2327 16 41 15.8 14714 4 12 183.6 -2 18 80143 5 -6 2.4 32 60 n/a 23393 -12L'Air Liquide 185.04 9 24 9.9 1.5 15.7 1878 10 28 14.8 12667 11 23 294.6 4 7 43000 7 15 4.3 2 7 40 18843 -17Legrand 176.82 4 -2 28.5 4.4 7.2 621 -3 35 15.3 4063 2 20 116.6 -5 2 34830 8 18 5.1 -3 -19 33 4557 -4Arkema 145.01 -5 n/a 82.4 2.7 8.1 176 -7 n/a 3.2 5446 -1 n/a 368.2 2 n/a 14788 -3 n/a 9.8 -2 n/a 42 1343 -33Essilor International 139.71 5 19 26.7 4.7 9.8 523 2 21 17.6 2972 6 20 96.2 0 2 30898 6 18 4.5 -1 1 55 7829 3Bouygues 134.38 -1 3 5.8 0.4 5.6 2312 1 27 7.3 31625 10 28 214.0 0 7 147752 10 20 0.9 -11 -14 16 10947 -31Ipsen 132.63 -13 -1 70.9 13.2 19.1 187 -3 13 18.6 1004 4 16 245.9 -1 6 4082 6 9 32.5 -18 -9 17 2685 -13Zodiac 130.18 -7 n/a 57.7 6.7 9.6 226 -33 -9 11.6 1947 -19 -2 109.3 -21 -16 17824 2 16 7.3 -9 n/a 59 1486 -23BioMerieux 128.29 1 2 72.4 12.0 19.5 177 24 33 16.5 1074 4 10 183.1 2 5 5863 2 5 21.9 -1 -3 40 2640 -9GDF Suez 122.78 28 47 2.1 0.2 10.5 5839 9 63 8.9 65665 43 136 279.8 18 -31 234653 22 181 0.5 5 -64 17 60836 -29186 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data187

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)2.6 France continuedBurelle 108.43 17 29 n/m 4.1 7.6 -13 -116 -117 -0.5 2653 -4 13 202.5 2 3 13106 -5 9 8.3 24 19 31 126 -39Vilmorin 106.15 10 102 94.6 12.2 15.1 112 23 96 12.9 867 -4 48 196.5 11 21 4413 -14 24 24.1 27 71 39 927 -29Veolia Environnement 98.22 12 39 5.3 0.3 5.6 1865 -19 -4 5.2 35601 13 32 119.5 7 13 297965 5 17 0.3 7 20 23 11087 -39SNCF 92.81 25 45 8.7 0.4 14.3 1061 -14 59 4.4 24350 6 14 120.9 6 18 201339 0 -4 0.5 25 47 n/a n/l n/lRhodia 79.27 -27 -35 29.8 1.7 6.5 266 -32 90 5.5 4804 -3 -9 334.7 5 14 14353 -8 -21 5.5 -21 -18 61 806 -42Infogrames Entertainment (now Atari) 73.09 47 -8 n/m 26.0 27.2 -57 n/m n/m -20.3 281 -5 -42 506.4 3 14 555 -8 -49 131.7 60 77 30 61 -59NicOx 71.83 61 188 n/m >999 >999 -77 n/m n/m >-999 3 -84 -65 24.4 -86 -75 133 14 59 540.0 42 94 n/a 414 -10Gameloft 68.31 30 71 n/m 64.0 66.6 -3 n/m n/m -3.0 107 15 88 26.6 -2 -2 4014 18 88 17.0 11 11 57 207 -15Ingenico 65.31 46 59 117.5 9.3 11.1 56 3 290 7.9 704 28 50 280.7 -25 -22 2507 71 93 26.0 -14 -18 44 724 -17LFB ƒ 64.35 n/a n/a 371.1 18.9 30.0 17 n/a n/a 5.1 341 n/a n/a 222.5 n/a n/a 1531 n/a n/a 42.0 n/a n/a n/a n/l n/lWendel 62.36 23 120 41.9 1.1 7.1 149 -40 -34 2.7 5498 4 67 102.7 -5 -30 53522 9 79 1.2 13 -24 n/a 1468 -64Nexans 60.91 5 18 30.0 0.9 3.7 203 -41 0 3.1 6573 -8 7 279.9 -14 -5 23480 7 14 2.6 -2 4 49 933 -57Eramet 56.07 57 69 4.7 1.3 10.2 1201 9 63 28.6 4201 15 44 285.8 11 31 14702 4 11 3.8 51 53 49 5394 -47CGGVeritas 55.59 -3 26 10.8 2.2 7.7 517 9 146 20.5 2516 10 98 283.8 0 18 8866 9 75 6.3 -12 -31 60 2098 -40Sopra 48.43 29 56 50.4 4.4 5.5 96 10 54 8.8 1092 13 37 90.4 0 6 12080 12 31 4.0 15 27 6 390 n/a2.7 Germany (70) 41296.60 8.9 11.6 58.1 3.6 11.9 71104 -27.3 -8.4 6.2 1155609 1.6 9.4 255.1 -1.4 3.7 4529870 3.1 5.9 9.1 5.7 5 n/a 535713 -26.6Volkswagen 5728.93 20 36 82.1 5.2 15.7 6974 5 111 6.3 110023 5 14 331.2 -3 8 332192 8 5 17.2 11 29 29 61444 -15Daimler 4290.41 -9 -17 166.5 4.6 19.0 2576 -70 -54 2.8 92685 -26 -33 337.9 -4 -10 274330 -23 -26 15.6 18 13 n/a 33690 -28Robert Bosch 3785.77 10 25 267.1 8.7 15.9 1417 -53 -43 3.2 43626 -3 5 154.3 -8 -6 282758 6 11 13.4 4 13 34 n/l n/lSiemens 3708.43 14 -9 255.7 4.7 8.4 1450 -65 -58 1.8 79586 -9 0 189.1 -14 -5 420800 6 4 8.8 8 -12 n/a 51580 -32BMW 2768.76 -9 -7 333.4 5.4 34.0 830 -78 -78 1.6 51428 -5 9 505.5 -9 7 101733 4 1 27.2 -12 -8 41 20143 2Bayer 2634.38 3 16 80.3 8.3 13.4 3281 10 31 10.3 31823 1 8 296.6 -1 3 107299 2 5 24.6 1 11 56 34446 -21Boehringer Ingelheim ƒ 2038.86 22 43 108.7 18.2 23.9 1876 -8 3 16.7 11209 6 18 271.4 2 8 41300 4 9 49.4 17 31 67 n/l n/lSAP 1572.89 11 34 61.6 14.1 16.6 2553 -2 10 22.8 11190 13 30 216.7 -8 -8 51638 22 41 30.5 -9 -5 46 39885 -20Continental 1473.51 81 132 n/m 6.3 12.7 -333 -121 -123 -1.4 23433 46 67 157.9 -8 -7 148379 58 80 9.9 15 30 33 3891 -68BASF 1326.37 -2 17 21.7 2.2 6.7 6123 -15 4 10.2 60232 8 31 619.1 6 19 97284 1 10 13.6 -3 6 41 31704 -20Merck 1193.35 10 56 170.0 16.3 21.6 702 88 5 9.6 7307 -11 14 228.5 -14 6 31971 4 8 37.3 6 45 49 4049 -23Porsche Automobile 869.72 23 94 10.3 12.0 27.8 8427 46 235 116.7 7218 1 9 601.0 -3 3 12011 5 6 72.4 17 83 39 4192 -52Infineon Technologies 650.62 -4 -37 n/m 11.0 16.1 -3529 n/m n/m -59.8 5903 -21 -17 139.0 -20 -25 42455 0 10 15.3 -4 -44 n/a 3478 -22ZF 647.72 1 15 88.2 5.4 12.9 735 -11 24 6.1 12085 -1 11 197.6 -7 0 61156 7 11 10.6 -6 4 31 n/l n/lDeutsche Telekom 593.58 12 29 9.9 1.0 13.0 6010 26 -1 10.1 59615 -1 2 253.8 2 7 234887 -4 -4 2.5 16 35 25 38405 -26Henkel 424.40 16 34 51.0 3.1 6.5 831 -40 -42 6.1 13661 8 17 246.1 2 8 55513 6 8 7.6 9 24 36 10637 -14MAN 409.90 18 10 26.3 2.6 10.7 1558 -11 49 9.7 16033 0 8 328.6 5 22 48787 -5 -12 8.4 24 26 n/a 7061 -32Hella 344.82 11 37 146.3 9.1 15.6 236 344 237 6.2 3809 7 19 154.0 11 16 24736 -3 2 13.9 14 35 25 n/l n/lThyssenKrupp 314.19 23 45 9.9 0.6 8.3 3189 -10 29 6.2 51649 3 18 263.8 -1 13 195826 4 5 1.6 18 38 n/a 11765 -38Carl Zeiss 310.33 11 31 120.6 11.8 16.1 257 -26 9 9.7 2640 5 16 202.4 -4 9 13041 9 6 23.8 1 22 35 n/l n/lEvonik Industries 294.86 -2 28 38.5 1.9 8.5 767 -25 n/a 4.9 15665 -3 -12 374.4 2 37 41842 -5 -42 7.0 3 77 36 n/l n/lMAHLE ƒ 276.38 3 16 179.1 5.7 14.0 154 -54 -49 3.2 4847 -1 16 99.2 -10 -8 48847 10 27 5.7 -7 -6 50 n/l n/lVoith 258.14 22 43 95.4 5.4 10.6 270 -8 16 5.7 4770 18 35 115.3 2 -2 41384 15 36 6.2 5 4 47 n/l n/lBSH Bosch und Siemens Hausgerate 253.29 0 23 42.7 3.0 7.2 594 -7 15 7.0 8467 -1 12 208.0 -4 1 40708 3 11 6.2 -4 11 20 n/l n/lBehr 232.99 5 17 283.9 7.1 7.1 82 -32 -29 2.5 3271 6 10 168.2 1 -2 19448 5 12 12.0 1 5 35 n/l n/lRWE 203.02 67 63 3.2 0.4 9.0 6415 8 20 13.5 47456 15 16 727.3 11 40 65254 3 -21 3.1 61 97 4 32593 -26Fresenius ƒ 200.12 13 31 12.8 1.7 7.8 1559 0 33 13.1 11926 9 32 100.5 -1 -3 118668 10 37 1.7 3 -6 55 5538 -40Rheinmetall 192.38 11 21 85.8 5.1 9.5 224 -4 8 6.0 3740 -3 7 187.9 -7 1 19910 4 6 9.7 6 15 27 1410 -36Heidelberger Druckmaschinen 179.82 -16 -16 n/m 6.2 11.6 -222 -190 -201 -7.6 2900 -18 -17 148.6 -19 -19 19519 0 2 9.2 -16 -18 40 451 -58Knorr-Bremse ƒ 165.64 8 23 56.2 5.1 9.2 295 -6 11 9.0 3271 4 17 221.5 -5 -4 14765 10 22 11.2 -2 1 32 n/l n/lWacker-Chemie 157.77 7 8 25.9 3.8 22.7 610 2 78 14.7 4155 14 38 263.0 7 29 15798 6 7 10.0 1 1 54 4508 -33Freudenberg 155.16 -6 -3 51.9 3.2 9.5 299 -27 -12 6.1 4882 -5 3 145.4 -1 3 33569 -4 0 4.6 -2 -3 35 n/l n/l188 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data189

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)2.7 Germany continuedDiehl Stiftung & Co KG ƒ 152.26 1 -2 159.8 7.1 10.1 95 37 71 4.4 2143 4 28 195.2 -2 22 10982 6 5 13.9 -5 -7 n/a n/l n/lMaxingvest 145.98 19 32 20.0 1.6 4.0 731 22 0 8.2 8888 1 4 261.6 -8 -8 33978 11 14 4.3 7 16 20 n/l n/lTrumpf ƒ 145.59 11 31 49.4 7.0 13.2 295 13 69 14.2 2073 11 38 268.6 1 14 7716 9 22 18.9 2 8 n/a n/l n/lTognum 139.21 22 64 39.7 4.6 8.7 351 5 165 11.6 3029 11 47 348.9 0 25 8681 10 20 16.0 11 39 50 1395 -34B Braun Melsungen 134.99 20 37 40.2 3.7 15.3 335 0 21 9.2 3661 6 19 97.4 -1 2 37601 7 17 3.6 12 18 38 n/l n/lMTU Aero Engines 133.60 56 35 55.8 5.1 8.7 240 3 58 9.1 2634 6 20 362.6 3 18 7263 2 1 18.4 52 35 70 1427 11Dragerwerk 130.59 9 19 120.4 7.0 10.6 108 -10 -11 5.8 1861 6 14 173.6 1 5 10720 5 8 12.2 4 10 36 193 -29Metro 129.54 3 17 8.7 0.2 3.4 1481 -24 -19 2.2 66904 5 15 221.9 2 3 301462 3 11 0.4 0 7 3 12183 -11Deutsche Post 124.71 -5 -30 n/m 0.2 2.4 -1449 -152 -147 -2.3 63515 15 37 124.2 18 21 511292 -3 13 0.2 -3 -42 n/a 13393 -33Benteler ƒ 119.20 13 11 61.3 1.9 5.1 194 -25 6 3.2 6117 0 17 251.9 -5 3 24281 6 14 4.9 7 1 36 n/l n/lZF Lenksysteme 113.79 3 38 290.6 4.5 10.8 39 -58 -39 1.6 2508 -1 12 236.4 -8 0 10610 8 12 10.7 -5 24 24 n/l n/lKrones 112.51 9 21 73.8 4.9 8.0 153 5 40 6.6 2302 10 31 234.1 3 18 9834 7 11 11.4 2 10 n/a 1024 -39Claas 109.99 4 41 40.4 3.5 6.0 272 52 123 8.7 3129 22 42 357.6 15 33 8749 5 7 12.6 -2 32 n/a n/l n/lGiesecke & Devrient 108.23 12 46 64.2 6.6 12.3 169 9 74 10.3 1633 9 29 171.3 -1 5 9530 10 23 11.4 2 19 40 n/l n/lDeutsche Borse 101.12 -6 12 7.0 3.9 5.9 1449 25 79 55.7 2602 10 39 779.4 0 28 3339 9 9 30.3 -14 3 n/a 10029 -28Wincor Nixdorf 101.05 8 25 54.2 4.5 7.1 186 13 53 8.3 2241 8 25 249.4 -2 -4 8989 11 30 11.2 -2 -4 22 1196 -29Linde 100.54 7 -46 8.1 0.8 11.4 1241 12 44 10.1 12242 0 15 238.2 -2 10 51402 1 4 2.0 6 -49 53 11607 -23E.ON 98.61 48 133 3.7 0.1 10.6 2696 -68 -62 3.2 84065 26 51 898.7 23 32 93538 3 15 1.1 44 103 2 54453 -34Lanxess 93.77 10 5 29.7 1.5 6.7 316 -8 39 5.0 6357 0 -5 429.6 -2 5 14797 1 -10 6.3 9 17 45 1792 -23Salzgitter 92.42 65 66 9.5 0.8 5.9 977 -21 22 8.1 12084 23 58 506.3 3 20 23866 19 32 3.9 39 25 28 3889 -39Symrise 90.76 13 13 50.2 7.1 10.0 181 -4 76 14.2 1276 4 8 247.7 0 6 5152 4 2 17.6 9 11 47 1308 -9Korber ƒ 87.97 6 n/a 48.6 5.2 7.7 181 13 44 10.7 1690 9 12 183.2 6 6 9227 3 6 9.5 2 n/a 48 n/l n/lLeoni 84.12 58 84 171.0 3.0 8.0 49 -61 -52 1.7 2815 23 60 53.7 -17 -1 52444 49 64 1.6 6 11 n/a 472 -46Eberspaecher ƒ 79.85 18 24 99.6 3.7 5.6 80 6 90 3.7 2165 0 21 388.4 -2 22 5575 2 0 14.3 16 24 18 n/l n/ladidas 78.31 -4 -3 7.6 0.8 3.7 1025 14 39 9.8 10440 5 29 289.0 -15 -21 36129 24 62 2.2 -22 -43 56 6071 -30KWS SAAT 76.33 7 44 106.7 13.2 17.8 72 20 43 12.4 579 11 21 202.8 7 11 2856 4 9 26.7 3 34 31 811 -5EPCOS 75.06 21 10 76.3 5.3 14.5 98 26 450 6.9 1429 2 9 67.4 -12 -13 21195 16 25 3.5 5 -12 36 1223 3Software 73.69 16 50 42.2 10.6 11.1 175 28 67 25.1 697 16 48 195.5 12 17 3563 3 26 20.7 12 19 n/a 1558 7DEUTZ 70.96 13 11 489.3 4.9 9.0 15 -86 -76 1.0 1445 -14 3 297.3 -3 14 4862 -11 -10 14.6 26 23 26 389 -33Sick 69.69 8 28 103.6 9.8 13.7 67 -1 18 9.4 713 4 19 141.7 -5 0 5031 9 19 13.9 -1 8 30 n/l n/lALTANA 69.67 7 -80 43.8 5.4 12.7 159 2 -71 12.3 1297 -3 -53 274.4 -6 2 4727 3 -55 14.7 4 -53 43 n/l n/lSchott 69.10 -8 -27 29.6 3.2 16.2 233 n/a 177 10.8 2157 3 7 126.1 2 8 17113 1 -1 4.0 -9 -26 41 n/l n/lStada Arzneimittel 59.09 24 64 35.3 3.7 8.1 168 -2 27 10.5 1591 5 42 191.3 -2 -21 8318 7 69 7.1 16 -10 3 897 -57GEA 57.13 18 11 14.2 1.1 4.0 402 36 140 7.7 5204 -9 -5 249.7 -13 -4 20844 5 -3 2.7 12 13 44 2168 -46Cognis Deutschland 54.14 -13 -22 27.5 1.4 3.7 197 14 50 5.2 3797 12 20 640.9 44 58 5925 -22 -24 9.1 13 4 n/a n/l n/lPUMA 53.27 -4 14 16.9 2.2 6.1 314 -13 -13 12.9 2440 6 25 256.8 -7 -28 9503 14 65 5.6 -16 -34 49 2881 -23Koenig & Bauer 52.40 -11 -9 n/m 3.5 7.1 -80 -237 -316 -5.4 1481 -10 -6 183.9 -8 -7 8052 -2 1 6.5 -9 -10 33 179 -40HeidelbergCement 50.85 12 18 3.0 0.4 7.7 1673 -16 43 12.0 13897 18 59 220.9 4 18 62916 13 36 0.8 -1 -15 47 4307 -572.8 Hungary (1) 66.92 1.9 32 52.5 7.8 17.1 127 -5.3 -15.1 14.8 859 5.4 25.4 82.7 -5.4 -5.5 10382 11.3 31.7 6.4 -8.5 0 n/a 2456 -8.1Gedeon Richter 66.92 2 32 52.5 7.8 17.1 127 -5 -15 14.8 859 5 25 82.7 -5 -6 10382 11 32 6.4 -8 0 n/a 2456 -82.9 Ireland (3) 417.03 14.7 27.5 261.4 4.9 8.2 160 -91.1 -89.4 1.9 8468 -14.1 -15.8 212.4 -13.6 -14 39863 -0.5 -2.1 10.5 15.4 30.2 n/a 7740 -42.3Elan 220.34 39 53 n/m 41.6 49.4 -106 n/m n/m -19.9 530 48 60 314.8 45 67 1683 2 -5 130.9 37 60 n/a 2489 -30Kerry 142.55 2 13 52.4 3.1 6.5 272 -18 -14 5.9 4631 0 7 207.6 0 8 22312 0 -2 6.4 2 15 38 3078 -11Bank of Ireland 54.14 -16 -6 n/m 1.6 3.8 -7 -100 -100 -0.2 3306 -32 -38 208.4 -31 -37 15868 -1 -3 3.4 -16 -5 n/a 2173 -66190 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data191

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)2.10 Italy (15) 5671.79 23.8 -19.1 13.8 1.8 10.5 41063 -17.1 -7.7 12.9 317242 13.6 14.5 378.0 3.9 6 839322 9.4 1.4 6.8 13.2 -2.4 n/a 214158 -24.5Fiat 1919.95 14 22 64.4 3.3 9.9 2981 2 67 5.2 57405 1 15 289.7 -8 1 198140 10 14 9.7 3 7 n/a 9823 -33Finmeccanica 1708.24 -2 4 192.5 13.3 17.0 887 8 29 6.9 12889 12 21 205.3 5 2 62791 7 18 27.2 -9 -12 35 6236 -28Telecom Italia 680.59 477 357 13.3 2.3 11.4 5112 -9 -25 17.4 29455 -3 -3 387.4 -1 3 76028 -2 -5 9.0 487 384 18 18379 -13UniCredit 275.28 >999 923 7.4 1.1 7.4 3733 -56 -35 14.8 25300 -1 48 143.6 -12 -6 176144 13 61 1.6 >999 706 2 39462 -28Eni 208.82 4 -38 1.1 0.2 11.6 18656 -2 11 17.8 104551 24 42 1351.3 20 34 77371 4 6 2.7 0 -41 27 64013 -27Intesa Sanpaolo 167.25 4 13 31.5 1.0 4.0 532 -89 -86 3.1 17174 7 62 156.1 -4 1 110021 12 62 1.5 -8 -30 0 33562 -29Pirelli 150.81 -10 -9 n/m 3.2 9.5 -395 -184 >-999 -8.3 4731 -25 -22 150.2 -26 -27 31500 2 5 4.8 -12 -16 46 1670 -29Chiesi Farmaceutici ƒ 104.21 17 42 122.0 14.4 17.4 85 32 65 11.8 724 14 28 233.5 7 15 3100 7 12 33.6 9 27 n/a n/l n/lItaltel 90.81 -9 4 n/m 20.1 22.1 -28 -369 -172 -6.3 452 -14 -14 195.0 -14 -12 2319 0 -1 39.2 -9 5 17 n/l n/lIMMSI 71.75 4 13 119.4 4.3 7.2 60 -49 -14 3.6 1679 -6 11 215.0 -6 4 7810 0 8 9.2 3 5 n/a 298 -2Enel 65.74 89 224 0.7 0.1 10.4 8807 33 63 15.2 57893 40 66 771.6 15 33 75027 22 25 0.9 55 157 10 36874 -11Lottomatica 60.42 84 n/a 17.2 3.0 14.1 352 -8 53 17.7 1990 24 88 275.3 1 -47 7230 23 105 8.4 50 n/a 30 2326 -31Sorin 60.09 -2 11 172.7 8.2 11.3 35 n/a n/a 4.8 732 -4 -1 175.8 3 10 4162 -6 -10 14.4 5 23 n/a 537 43Recordati 56.90 20 33 43.2 8.5 10.5 132 4 23 19.8 667 10 21 248.3 -9 -11 2685 21 36 21.2 -1 -2 10 979 -4Avio 50.93 -9 -9 45.0 3.2 5.9 113 -17 120 7.1 1599 7 21 320.1 3 17 4994 4 4 10.2 -13 -12 49 n/l n/l2.11 Liechtenstein (1) 166.83 9.9 23.6 56.7 5.4 9.8 294 -7.7 19.2 9.6 3071 0.7 19.6 150.2 -6.8 -1.2 20450 8 21.5 8.2 1.7 1.8 n/a n/l n/lHilti 166.83 10 24 56.7 5.4 9.8 294 -8 19 9.6 3071 1 20 150.2 -7 -1 20450 8 21 8.2 2 2 34 n/l n/l2.12 Luxembourg (4) 597.55 10.3 94.3 7.3 0.4 4.1 8180 -43 48.4 6.1 133954 40.1 95.3 280.2 6.2 72.9 351435 -3 22.3 1.3 -11.9 44.1 n/a 50613 -50.6ArcelorMittal 205.18 38 154 2.1 0.2 4.7 9665 -12 59 11.1 86894 19 133 275.1 17 102 315867 1 24 0.7 36 142 46 38206 -52Nycomed 203.69 -20 135 59.8 6.6 8.4 340 -1 239 11.0 3086 -9 131 263.8 -7 23 11695 -2 113 17.4 -19 44 n/a n/l n/lLyondellBasell Industries ƒ 134.93 44 57 n/m 0.4 2.3 -3993 -569 -783 -11.3 35468 198 296 n/a n/a n/a n/a n/a n/a n/a n/a n/a 62 n/l n/lTenaris 53.76 25 82 2.5 0.6 4.0 2168 1 38 25.5 8506 19 66 356.3 16 41 23873 2 20 2.3 23 55 84 12407 -452.13 Norway (5) 493.28 19.2 44.6 2.1 0.6 10.5 23056 6.9 24 26.3 87788 7.5 23 806.4 9.9 19.6 108870 -2.2 3.5 4.5 21.9 40.9 n/a 73772 -28.5StatoilHydro (now Statoil) 222.80 14 58 1.1 0.3 10.4 19641 44 71 30.3 64762 25 50 2312.8 32 43 28001 -5 6 8.0 20 52 11 48254 -24Telenor 99.73 7 27 4.9 1.0 16.3 2046 -7 42 21.2 9654 3 27 248.8 -5 -3 38800 8 29 2.6 -1 0 30 11054 -36Norsk Hydro 60.20 20 -11 76.2 0.7 5.3 79 -98 -98 0.9 8862 -46 -49 384.1 -33 -27 23074 -20 -31 2.6 50 30 19 5113 -45DnB NOR 59.00 92 166 4.9 1.7 9.0 1204 -19 -4 35.3 3412 9 26 239.9 0 3 14223 8 23 4.1 78 121 n/a 8343 -28Kongsberg Gruppen 51.55 16 60 59.9 4.7 12.1 86 -21 67 7.8 1098 33 60 230.1 11 25 4772 20 28 10.8 -3 26 54 1009 -262.14 Portugal (2) 113.62 56 n/a 17.3 3.2 6.8 658 -38.9 n/a 18.4 3584 12.5 n/a 171.4 7 n/a 20915 5.1 n/a 5.4 48.5 n/a n/a n/l n/lBIAL ƒ 57.76 73 n/a 313.8 40.8 42.4 18 -51 n/a 13.0 141 0 n/a 248.1 0 n/a 570 0 n/a 101.3 73 n/a n/a n/l n/lCaixa Geral de Depositos 55.86 42 46 8.7 1.6 5.3 640 -38 -12 18.6 3443 13 31 169.2 7 26 20345 5 4 2.7 35 41 8 n/l n/l2.15 Russia (2) 520.54 32 n/a 1.4 0.3 15.5 37953 41.8 89.1 24.5 155048 39.2 95.1 254.8 34.4 n/a 608500 3.6 n/a 0.9 27.4 n/a n/a 111438 -49.5Gazprom 454.47 29 95 1.6 0.6 20.9 28327 61 113 35.3 80155 47 104 175.8 41 89 456000 5 10 1.0 23 81 n/a 83474 -50Lukoil ƒ 66.07 58 n/a 0.7 0.1 9.9 9626 4 42 12.9 74892 31 87 491.1 31 n/a 152500 1 n/a 0.4 57 n/a n/a 27964 n/a2.16 Slovenia (1) 81.93 43.5 81.5 35.8 8.9 23.3 229 29.1 80.4 24.9 918 21.6 53.5 120.8 8.4 14 7602 12.2 35.5 10.8 27.9 35.1 n/a 2507 -27.8Krka 81.93 43 81 35.8 8.9 23.3 229 29 80 24.9 918 22 53 120.8 8 14 7602 12 36 10.8 28 35 0 2507 -282.17 Spain (8) 1231.67 13.3 40.4 5.1 0.8 15.4 23948 17.6 39.7 15.6 153266 14.3 38.9 386.0 8.3 10.4 397029 5.5 26.3 3.1 7.4 28.6 n/a 140739 -16.1Telefonica 645.79 12 47 5.0 1.2 12.8 12928 25 55 23.1 56019 3 30 222.5 0 8 251775 3 22 2.6 9 27 38 79192 -3Indra Sistemas 160.81 7 61 62.2 7.0 8.4 259 22 73 11.2 2300 10 63 94.2 -1 -30 24430 11 109 6.6 -3 -31 18 2642 -12Almirall 94.93 -3 50 61.4 10.9 13.0 155 31 42 17.7 873 14 20 257.7 3 7 3387 10 12 28.0 -12 34 n/a 1360 -42Repsol YPF 80.24 8 17 1.6 0.1 8.4 4866 -7 -9 8.7 55820 11 20 1493.7 11 16 37371 -1 4 2.1 8 15 n/a 19904 -24Iberdrola 70.67 12 25 1.7 0.3 34.0 4131 16 60 17.0 24358 44 106 867.0 19 37 28096 21 52 2.5 -7 -16 21 31362 -29192 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data193

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)2.17 Spain continuedAcciona 68.93 83 307 4.2 0.6 24.3 1633 88 165 13.3 12244 59 119 295.4 37 59 41448 16 38 1.7 57 231 n/a 5609 -38Zeltia 56.16 12 26 n/m 55.2 62.0 -35 n/m n/m -34.7 102 23 35 153.9 21 22 661 2 9 85.0 10 16 0 670 -46Fagor Electrodomesticos 54.14 37 304 448.5 3.5 6.4 12 -63 -31 0.8 1550 -8 10 157.2 -6 2 9861 -2 8 5.5 39 300 0 n/l n/l2.18 Sweden (17) 5973.24 18.2 28.4 36.3 4.5 11.0 16440 -14.3 0 12.5 131949 7.5 18.4 211.3 2.9 7.3 624363 4.5 10.1 9.6 13.1 15.7 n/a 131528 -12.3Ericsson 2876.51 19 25 217.4 15.7 17.6 1323 -51 -51 7.2 18376 11 29 232.6 3 -1 78989 8 30 36.4 10 -5 50 21273 -11Volvo 1430.21 26 54 109.8 5.4 10.4 1302 -30 -17 4.9 26708 6 22 275.3 1 5 97030 5 16 14.7 20 33 48 11655 -36Sandvik 215.13 10 38 19.2 2.6 10.0 1123 -10 19 13.8 8149 7 34 167.8 -2 12 48571 9 20 4.4 0 16 55 8149 -26Electrolux 184.00 4 3 301.0 2.0 5.0 61 -83 -85 0.7 9217 0 -12 167.0 3 1 55177 -3 -13 3.3 7 18 52 4295 54Atlas Copco 151.10 13 36 12.5 2.3 6.3 1209 15 35 18.5 6524 17 31 191.2 1 3 34119 16 28 4.4 -2 6 61 9873 -20Vattenfall 150.58 52 76 5.7 1.0 21.3 2629 5 21 18.2 14473 15 24 441.2 13 22 32801 1 1 4.6 50 74 n/a n/l n/lHexagon 136.94 30 136 63.8 10.8 13.4 215 15 100 16.9 1273 -1 26 140.5 -8 0 9062 8 28 15.1 20 99 45 1865 -38SAAB 126.56 3 49 >999 6.0 7.7 5 -98 -97 0.2 2093 3 17 158.6 4 12 13199 -1 5 9.6 4 43 42 839 -56Nordea Bank 122.78 44 103 3.7 1.5 3.5 3283 -12 3 41.4 7927 4 17 233.5 -2 6 33944 7 11 3.6 35 85 0 28836 7SKF 105.46 29 38 15.7 1.9 5.9 673 2 28 12.1 5573 8 23 129.0 4 12 43201 4 10 2.4 24 26 44 4748 -7TeliaSonera 99.12 -44 -56 3.9 1.1 13.8 2519 10 31 27.7 9111 8 16 303.3 2 5 30037 6 11 3.3 -47 -60 13 19375 -13Getinge 78.63 42 99 31.1 4.6 9.1 253 26 48 14.9 1695 17 48 145.8 3 0 11623 14 48 6.8 24 37 47 2324 -29Assa Abloy 78.28 15 38 21.2 2.5 4.5 370 -22 2 12.0 3071 4 18 93.9 3 11 32723 1 7 2.4 13 29 54 3850 4Alfa Laval 57.52 11 33 11.6 2.3 5.1 496 22 124 20.2 2449 12 47 207.2 2 24 11821 9 19 4.9 1 12 54 3160 -23SCA 56.47 1 2 7.6 0.6 8.3 739 -15 22 7.6 9714 4 12 186.8 1 9 51999 3 3 1.1 -2 0 22 6358 6Trelleborg 53.30 19 1 180.4 1.9 6.3 30 -78 -77 1.1 2750 1 19 112.9 4 11 24347 -3 7 2.2 23 -6 33 890 -12Husqvarna 50.66 20 n/a 24.1 1.8 4.6 210 -33 n/a 7.4 2845 -3 n/a 181.0 -1 n/a 15720 -2 n/a 3.2 23 n/a 50 4037 -32.19 Switzerland (30) 16564.24 10.3 34.7 46.3 7.2 12.0 35757 1.8 26.1 15.6 228934 3.7 20 254.9 1 9.3 898112 2.9 9.9 18.4 8.4 23.1 n/a 386104 -16.9Roche 5687.77 5 36 62.3 19.1 26.1 9130 -3 32 30.6 29809 -1 18 372.2 -3 6 80080 2 12 71.0 3 22 61 93646 -12Novartis 5021.56 13 39 76.2 17.4 22.7 6590 26 28 22.9 28835 4 21 298.1 6 16 96717 -2 4 51.9 14 34 57 82336 -22Nestle 1528.46 25 43 15.9 2.1 6.6 9614 -4 16 13.4 71821 2 14 253.8 0 5 283000 3 9 5.4 22 32 n/a 99962 -16ABB ƒ 804.70 22 45 25.8 3.3 3.3 3114 11 106 12.8 24304 15 42 202.5 8 26 120000 7 13 6.7 14 29 55 29621 -28Syngenta 673.95 17 19 52.1 8.3 12.5 1293 39 116 16.0 8085 26 42 334.8 14 19 24148 10 20 27.9 6 -1 63 15023 -18Liebherr ƒ 319.03 21 40 39.8 4.4 11.7 803 26 99 11.1 7242 16 46 244.2 3 16 29660 13 27 10.8 7 10 33 n/l n/lGivaudan 272.50 -2 49 109.2 10.2 15.0 250 18 -16 9.3 2671 -1 31 304.5 -1 -1 8772 0 32 31.1 -2 15 63 3992 -2Actelion ƒ 244.74 28 85 100.9 25.4 31.3 243 160 126 25.2 963 12 73 506.8 n/a n/a 1900 n/a n/a 128.8 n/a n/a 54 4791 3OC Oerlikon 221.53 21 76 n/m 6.8 12.4 -161 -153 -351 -5.0 3241 -13 73 169.3 -10 11 19142 -4 47 11.6 25 -2 58 627 -75Ciba (now part of BASF, Germany) ƒ 150.30 -12 -18 n/m 3.9 8.1 -278 -190 -223 -7.2 3868 -9 -15 310.2 -3 9 12467 -6 -24 12.1 -6 6 56 2201 54Kudelski 144.77 5 24 964.6 21.6 27.5 15 -72 -76 2.2 671 11 41 253.3 8 -4 2651 3 45 54.6 2 -16 39 656 38Clariant 120.24 -13 -19 88.0 2.3 5.6 137 -14 -35 2.6 5274 -6 -4 262.4 -2 8 20102 -4 -11 6.0 -9 -8 52 1256 -17Synthes ƒ 118.14 14 36 15.8 5.3 13.5 747 18 51 33.6 2220 16 42 233.5 7 10 9509 9 29 12.4 5 4 n/a 9176 -19Swatch 111.74 5 11 14.7 3.0 8.2 759 -6 29 20.5 3710 1 21 152.9 -7 6 24269 8 15 4.6 -3 -4 53 8487 -7Lonza 99.33 21 49 34.5 5.2 26.4 288 6 38 15.0 1919 2 12 237.3 -12 -16 8087 17 33 12.3 3 12 52 3638 -26Georg Fischer 93.45 -1 12 149.0 3.2 8.6 63 -71 -64 2.2 2918 -1 13 203.7 -10 -1 14326 10 14 6.5 -10 -2 23 611 -41Logitech International ƒ 89.55 3 30 120.1 5.8 8.0 75 -63 -52 4.9 1536 -7 15 242.0 38 40 6348 -32 -18 14.1 53 60 n/a 2282 -35Endress & Hauser 85.84 18 19 56.6 7.3 15.6 152 7 48 13.0 1171 9 29 138.8 1 7 8434 7 21 10.2 9 -2 37 n/l n/lRuag 80.64 46 96 203.3 8.0 12.2 40 -27 14 4.0 1004 9 20 159.2 4 9 6310 4 10 12.8 40 79 12 n/l n/lMicronas Semiconductor 80.07 -35 -24 n/m 20.5 23.5 -33 n/m n/m -8.4 391 -16 -28 207.7 -4 -20 1880 -13 -11 42.6 -25 -14 44 85 -37Rieter 79.92 -13 -14 n/m 3.9 8.4 -204 -212 -239 -9.9 2054 -20 -9 144.8 -13 -6 14183 -9 -3 5.6 -5 -11 54 539 -48Mettler-Toledo International ƒ 71.14 11 20 35.1 5.2 8.3 203 10 41 14.8 1372 10 26 137.2 5 14 10000 5 11 7.1 5 9 51 2032 -22Schindler 65.35 -8 -10 11.2 0.7 1.5 582 66 51 6.3 9166 1 33 202.8 0 24 45204 1 9 1.4 -10 -17 n/a 5504 -2Bobst 63.13 6 7 111.9 5.9 7.2 56 -55 -27 5.3 1067 -6 0 179.7 -14 -7 5939 9 8 10.6 -3 -1 44 461 -49Basilea Pharmaceutica ƒ 62.57 -17 13 n/m 812.8 845.1 -100 n/m n/m >-999 8 49 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 544 -50194 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data195

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)2.19 Switzerland continuedSwisscom 60.77 24 52 3.5 0.8 13.4 1752 5 3 22.0 7971 10 20 402.6 4 1 19801 6 19 3.1 17 28 0 12234 2Galenica 57.70 101 91 34.3 3.3 5.8 168 65 123 9.5 1767 7 11 416.8 -24 -29 4239 40 56 13.6 44 21 5 1506 0Buhler 53.78 11 22 56.7 4.3 8.1 95 14 53 7.7 1237 7 16 161.5 -4 0 7660 11 16 7.0 0 5 n/a n/l n/lBucher Industries 51.04 10 23 32.8 2.8 7.4 156 5 70 8.5 1822 13 37 222.9 4 13 8176 9 22 6.2 1 1 30 857 -46Sonova 50.56 -7 18 24.0 6.2 10.6 211 -1 37 25.9 816 4 31 159.8 -12 -10 5108 17 45 9.9 -21 -19 59 4039 112.20 The Netherlands (17) 8849.46 4 1.7 150.8 5.8 11.1 5868 -45.8 -30.1 3.8 153202 4.8 11.9 255.7 -0.8 6.1 599124 5.6 2.8 14.8 -1.6 3.8 n/a 78382 -22.8EADS 2664.35 2 8 101.0 6.4 9.9 2637 n/a 124 6.3 41826 11 20 353.4 9 16 118349 2 4 22.5 0 4 56 11058 -13Philips Electronics 1559.36 1 -18 n/m 6.1 9.0 -74 -103 -105 -0.3 25631 -2 -11 202.7 -3 3 126459 1 -14 12.3 0 -6 n/a 15503 -37STMicroelectronics 1493.25 19 34 n/m 21.9 35.8 -431 n/m -408 -6.3 6810 -2 5 131.5 -1 3 51810 -1 2 28.8 20 32 n/a 4817 -38NXP 833.91 -18 n/a n/m 22.0 29.0 -1770 -734 n/a -46.8 3786 -15 n/a 125.5 5 n/a 30174 -20 n/a 27.6 2 n/a n/a n/l n/lASML 516.03 9 39 144.1 18.1 29.3 358 -57 -44 12.5 2855 -22 -5 417.5 -30 -24 6840 10 27 75.4 -1 11 91 7660 8DSM 380.90 6 24 48.0 4.2 10.0 793 32 40 8.8 8988 6 12 388.1 3 10 23157 3 2 16.4 3 21 48 4204 -42AKZO Nobel 322.89 19 -53 n/m 2.2 5.6 -587 -144 -148 -3.9 14902 14 16 243.1 -20 6 61300 43 7 5.3 -16 -54 53 8927 -17Oce 246.49 23 24 759.5 8.8 14.8 32 -73 -71 1.2 2812 -6 1 121.5 -3 2 23148 -3 -1 10.6 27 25 45 294 -54Rabobank 156.61 2 33 5.7 1.4 13.5 2757 -6 4 24.4 11290 9 20 195.8 -1 4 57652 9 16 2.7 -7 14 18 n/l n/lTomTom 138.59 113 375 n/m 8.6 10.3 -787 -290 -423 -48.6 1618 -4 67 598.7 -62 -66 2703 151 398 51.3 -15 10 31 1767 -14Fujitsu Siemens Computers(now part of Fujitsu, Japan) ƒ129.64 -8 -5 185.2 2.0 2.7 70 1 -14 1.1 6394 -5 6 600.8 -4 -23 10643 -1 35 12.2 -7 -32 n/a n/l n/lGemalto 95.09 -7 35 75.9 5.9 8.6 125 n/a >999 7.8 1604 2 52 160.4 2 17 10000 0 30 9.5 -7 3 45 2260 -5ASM International ƒ 72.52 -9 -16 136.4 10.0 14.2 53 -62 -41 7.4 723 -22 -10 60.1 -26 -28 12022 5 25 6.0 -14 -34 89 664 -31KPN 72.51 -19 95 3.1 0.5 11.0 2351 4 4 16.9 13947 16 20 347.7 -15 -16 40116 37 43 1.8 -41 39 12 17272 -20Qiagen ƒ 67.69 54 120 66.0 10.9 15.3 103 76 63 16.5 621 37 89 204.2 20 15 3041 14 62 22.3 35 35 n/a 2878 3Crucell 50.33 14 46 >999 19.5 25.4 2 n/a n/a 0.9 258 31 176 226.2 28 78 1142 2 72 44.1 11 -34 22 1078 37FrieslandCampina 49.30 -6 70 21.0 0.5 2.9 235 -13 6 2.6 9136 6 68 444.2 7 46 20568 -1 17 2.4 -5 49 27 n/l n/l2.21 Turkey (1) 142.31 43.1 136.3 9.4 0.6 3.2 1515 -4 53.5 6.2 24333 12.1 49.8 330.3 28.9 62.9 73677 -13 -6.3 1.9 64.5 152.7 n/a 3971 -19.9Koc 142.31 43 136 9.4 0.6 3.2 1515 -4 54 6.2 24333 12 50 330.3 29 63 73677 -13 -6 1.9 64 153 n/a 3971 -202.22 UK (46) 16475.89 11.1 30.4 16.9 1.5 8.6 97686 -39.4 -25.6 8.8 1112812 15.9 33.4 389.6 9.1 18.1 2856394 6.2 13.3 5.8 4.6 15.4 n/a 1004091 -7GlaxoSmithKline 3708.00 14 16 51.8 15.2 21.2 7156 -6 2 29.4 24352 7 11 240.8 10 11 101133 -2 0 36.7 17 16 66 60082 -9AstraZeneca 3503.27 1 28 55.0 15.9 19.5 6367 13 34 29.0 21979 7 25 332.5 10 25 66100 -3 0 53.0 4 28 65 40081 6BT 1119.00 -11 24 250.3 5.2 15.7 447 -81 -83 2.1 21390 3 8 193.4 1 2 110600 2 6 10.1 -12 17 7 10401 -24Unilever 896.17 7 0 18.1 2.3 5.2 4938 0 3 12.6 39175 1 2 225.1 1 16 174000 -1 -13 5.2 7 14 n/a 57829 -1Royal Dutch Shell 880.51 5 57 2.5 0.3 7.8 35534 4 21 11.1 318793 29 47 3125.4 31 56 102000 -2 -6 8.6 7 65 n/a 98173 -11Royal Bank of Scotland 602.00 25 61 n/m 2.1 20.4 -40067 -505 -566 -140.9 28439 -9 5 124.0 -32 -32 229300 34 55 2.6 -7 5 n/a 26013 -33HSBC 531.37 30 60 8.2 0.9 4.1 6473 -62 -56 10.5 61602 1 29 185.9 -2 10 331458 3 17 1.6 27 38 64 112686 9Rolls-Royce 490.00 8 28 57.3 5.4 8.5 855 66 37 9.4 9082 22 34 232.9 21 26 39000 1 6 12.6 7 21 63 8062 10BP 413.83 5 25 1.8 0.2 5.3 23276 13 15 9.3 251177 27 45 2624.6 29 51 95700 -2 -5 4.3 7 31 55 94752 -3Shire ƒ 357.56 -1 56 160.8 17.0 24.8 222 n/a >999 10.6 2104 24 68 558.4 13 14 3769 10 47 94.9 -10 8 n/a 5586 10Vodafone 280.00 20 30 4.8 0.7 12.3 5823 -42 n/a 14.2 41017 16 19 518.6 6 -2 79097 9 21 3.5 9 8 14 66452 -11Barclays 274.00 132 234 4.9 1.2 7.4 5602 -17 -2 24.0 23352 -1 18 154.1 -15 -19 151500 18 45 1.8 98 136 n/a 39603 33Rio Tinto 213.52 345 923 3.6 0.6 17.5 5921 -16 11 15.7 37741 83 158 382.3 -13 -10 98723 110 186 2.2 112 293 76 64515 -33BAE Systems 213.00 21 n/a 14.8 1.3 4.4 1442 32 75 8.7 16671 17 42 185.2 7 21 90000 8 18 2.4 12 n/a 73 11571 -31Tesco 192.00 50 68 6.2 0.4 8.4 3080 15 29 5.7 54327 15 33 116.0 9 11 468508 5 20 0.4 42 41 13 28919 -4BHP Billiton 169.70 44 229 1.0 0.4 15.8 16666 31 106 40.3 41364 51 96 991.2 22 60 41732 23 22 4.1 17 166 76 115935 -6Amdocs ƒ 156.83 -2 31 55.6 7.1 11.4 282 11 22 12.8 2199 11 39 118.7 5 7 18535 6 29 8.5 -8 2 83 3475 -23Sage 139.70 25 54 52.2 10.8 12.7 267 4 22 20.6 1295 12 46 86.1 1 -2 15039 11 49 9.3 13 2 46 2789 6BAT 138.00 16 42 3.5 1.1 5.4 3934 20 37 32.5 12122 21 22 215.8 16 22 56170 4 0 2.5 11 42 60 37971 3196 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data197

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)2.22 UK continuedMarks & Spencer 118.80 82 290 13.7 1.3 7.2 864 -21 -6 9.5 9062 0 8 116.4 -3 1 77864 3 7 1.5 77 276 n/a 5244 16Reed Elsevier 115.00 44 15 12.8 2.2 3.2 895 -10 3 16.7 5346 0 3 162.5 9 13 32900 -8 -9 3.5 57 26 63 11552 -31Invensys 114.00 14 8 63.7 5.0 6.4 179 -45 1 7.8 2284 -9 -15 103.2 7 15 22139 -15 -27 5.1 34 47 55 2085 -9Merial ƒ 110.79 25 12 24.1 6.5 12.3 461 30 86 26.8 1715 12 22 318.7 7 28 5383 5 -5 20.6 20 19 68 n/l n/lCSR 106.24 8 81 n/m 22.0 24.8 -5 -105 -107 -1.1 483 -18 21 460.7 -21 -29 1049 4 64 101.3 5 15 91 827 100Smith & Nephew 105.72 7 34 23.6 4.0 10.8 447 28 51 16.9 2644 13 49 270.9 6 33 9757 6 13 10.8 1 19 n/a 4170 -22Reckitt Benckiser 105.00 19 40 7.0 1.6 4.1 1505 36 67 22.9 6563 25 44 270.1 20 27 24300 4 14 4.3 15 24 n/a 19610 -1Misys 99.50 38 13 211.3 14.4 16.1 47 -23 -25 6.8 692 32 -16 128.0 22 -7 5411 9 -9 18.4 27 24 75 1009 14GKN 97.00 17 15 n/m 2.2 6.6 -82 -134 -123 -1.9 4376 13 20 114.7 12 16 38147 1 3 2.5 16 11 54 1804 7Ineos ƒ 83.14 10 194 7.8 0.3 3.1 1061 19 156 4.0 26642 4 194 1889.2 -12 28 14102 18 178 5.9 -6 21 26 n/l n/lJohnson Matthey 82.50 21 36 29.3 1.1 3.3 282 -4 16 3.6 7848 5 35 847.5 -5 16 9260 11 17 8.9 10 16 55 3029 -12Old Mutual 82.00 -9 72 15.1 n/a n/a 542 -69 -64 n/a -3743 -126 -127 -66.2 -125 -123 56546 4 18 1.5 -12 55 n/a 4773 -6Lloyds TSB (now Lloyds Banking) 80.00 70 105 9.9 1.1 15.3 807 -76 -78 11.5 7013 -62 -65 105.5 -60 -59 66473 -4 -14 1.2 78 133 0 27505 n/aARM 76.73 4 13 127.9 25.7 28.4 60 50 62 20.1 299 15 32 174.7 15 -3 1711 1 32 44.8 3 -18 83 1549 12Smiths 72.50 -42 -55 24.4 3.1 5.9 298 -22 0 12.8 2321 -26 -25 102.7 -4 -4 22600 -22 -22 3.2 -26 -42 68 3066 -28SCI Entertainment (now Eidos) 72.20 5 84 n/m 54.0 57.7 -137 n/m n/m -102.5 134 -7 41 123.8 -25 -28 1080 25 101 66.9 -15 -11 37 n/l n/lCobham 70.60 28 52 54.8 4.8 8.4 129 -22 -20 8.8 1467 38 41 137.0 16 29 10706 19 10 6.6 7 38 75 2243 -13RSA Insurance 70.00 37 -27 9.4 1.0 2.0 741 10 65 10.4 7143 11 8 318.0 11 20 22464 0 -10 3.1 38 -18 n/a 4057 -16Tomkins 64.47 24 27 445.7 1.7 5.0 14 -94 -95 0.4 3836 27 23 118.3 41 40 32424 -10 -13 2.0 37 45 82 1645 39Cadbury 64.00 8 5 11.2 0.9 8.0 571 -28 -38 8.4 6773 -15 -8 123.7 11 7 54744 -24 -14 1.2 42 22 n/a 7877 -6Serco 63.60 -16 8 42.8 2.0 3.4 149 11 43 4.8 3124 11 35 73.2 8 19 42684 3 14 1.5 -18 -4 18 2048 1Autonomy 62.30 29 123 48.6 17.8 20.6 128 112 372 36.6 350 47 167 280.4 33 37 1248 10 94 49.9 17 12 n/a 3078 39Pace 59.58 62 97 411.0 8.0 8.9 14 -47 283 1.9 745 74 139 978.3 35 90 762 29 25 78.2 25 57 53 657 161Meggitt 59.40 12 60 34.8 5.1 8.2 171 19 44 14.7 1163 32 76 141.6 19 27 8211 12 40 7.2 1 15 65 1399 -5Spectris 57.00 26 28 50.1 7.2 9.9 114 11 46 14.5 787 18 20 137.7 15 22 5717 3 -2 10.0 23 30 58 679 -20British Sky Broadcasting 53.00 23 207 43.1 1.1 5.2 123 -85 -84 2.5 4952 9 22 350.1 1 -6 14145 8 29 3.7 14 164 n/a 9290 9Dyson James ƒ 52.35 3 74 58.6 8.6 16.1 89 8 22 14.6 611 19 45 277.5 0 6 2203 19 38 23.8 -13 31 n/a n/l n/l3 Rest of World (303) 108530.70 6.8 15.4 46.0 3.2 10.8 236105 -12.8 -2.9 6.9 3416094 8.4 22.1 309.8 -1.5 3 9714525 5.3 7.9 10.0 -4.2 -3.5 n/a 2304833 -63.1 Australia (6) 1137.41 8.9 57.4 13.6 3.9 12.0 8336 -19.9 -19.6 28.3 29458 6.2 8.7 196.9 1.3 6.8 146953 3 -3.5 7.4 0.5 23.3 n/a 117203 -11.6Telstra ƒ 731.26 8 98 24.4 6.1 19.7 2994 8 1 24.9 12040 5 10 258.1 7 4 46649 -2 5 15.7 10 93 n/a 26255 -12CSL ƒ 109.17 18 50 23.5 6.3 12.5 465 22 95 26.9 1725 12 36 185.9 2 10 9276 10 22 11.8 7 23 n/a 11681 -7National Australia Bank ƒ 103.77 -24 -22 6.8 2.3 8.3 1526 -60 -34 33.9 4501 -19 5 113.3 -21 2 39729 2 0 2.6 -26 -24 n/a 33515 n/aOneSteel ƒ 72.88 129 218 29.3 2.0 5.6 249 54 87 6.9 3605 73 92 308.7 11 22 11678 55 57 6.2 47 103 n/a 2440 -30Commonwealth Bank of Australia 63.52 19 n/a 2.1 0.9 4.2 3033 -4 n/a 42.9 7065 9 n/a 178.3 4 n/a 39621 5 n/a 1.6 14 n/a n/a 41856 n/aAristocrat Leisure ƒ 56.81 12 45 82.4 10.8 16.2 69 -56 -56 13.2 524 -4 -7 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1456 -63.2 China (12) 2411.73 42.3 n/a 13.7 0.7 9.7 17557 -50.6 n/a 5.2 337324 22.6 n/a 195.0 14.8 n/a 1711605 6.7 n/a 1.3 33.7 n/a n/a 447863 1.8PetroChina 791.05 46 98 5.4 0.7 23.3 14779 -26 -22 13.5 109191 28 74 228.5 25 63 477780 2 8 1.7 43 85 n/a 246685 -5ZTE ƒ 435.54 33 66 126.6 9.6 11.4 344 59 120 7.6 4515 27 76 73.6 0 2 61350 27 71 7.1 5 -4 n/a 6294 13China Petroleum & Chemical 349.35 0 36 n/m 0.2 0.5 -1387 -116 -118 -0.9 148026 21 58 413.1 12 55 358304 7 0 1.0 -6 33 n/a 102244 11China Railway Construction 178.99 516 n/a 41.0 0.8 5.9 437 6 n/a 2.0 22366 28 n/a 117.4 21 n/a 190545 5 n/a 0.9 487 n/a n/a 12377 n/aChina Coal Energy 112.13 n/a n/a 11.2 2.2 18.8 1003 15 n/a 19.3 5198 40 n/a 102.3 42 n/a 50805 -1 n/a 2.2 n/a n/a 0 n/a n/aChina Communications Construction 110.81 290 n/a 9.5 0.6 9.1 1172 12 n/a 6.4 18236 19 n/a 196.0 11 n/a 93019 7 n/a 1.2 264 n/a n/a 13091 n/aBYD ƒ 102.77 13 140 58.9 3.8 24.9 175 -22 24 6.4 2731 26 128 21.0 17 38 130000 8 70 0.8 4 46 13 8270 n/aChina South Locomotive 102.46 105 n/a 51.2 2.9 13.1 200 99 n/a 5.6 3577 31 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5638 n/aSemiconductor Manufacturing ƒ 71.11 5 17 n/m 7.6 57.0 -43 n/m n/m -4.6 942 -13 5 88.8 -17 -8 10598 5 15 6.7 0 2 n/a 782 29Tencent 57.36 81 172 18.2 7.9 16.4 314 103 259 43.1 729 87 211 117.7 31 18 6194 43 148 9.3 27 12 0 19227 80198 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data199

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)3.2 China continuedDongfang Electric ƒ 50.22 5 n/a 194.4 1.8 2.2 26 -90 n/a 0.9 2770 13 n/a 150.0 -2 n/a 18469 16 n/a 2.7 -9 n/a n/a 3552 n/aChina Telecom 49.95 -6 57 9.3 0.3 1.3 536 -85 -86 2.8 19042 5 9 60.5 -5 -11 314541 10 23 0.2 -15 30 n/a 29705 03.3 Hong Kong (5) 531.78 14.2 16.1 8.5 1.4 12.6 6256 15.7 17.5 16.1 38793 11 16 228.8 -45.1 n/a 169555 102 n/a 3.1 -43.5 n/a n/a 64466 14.1Lenovo ƒ 153.02 -16 21 n/m 1.5 2.2 -147 -149 -209 -1.4 10364 -11 25 460.4 -9 n/a 22511 -3 n/a 6.8 -14 n/a 46 3059 -31Dongfeng Motor ƒ 147.81 33 n/a 31.9 2.1 7.8 463 18 n/a 6.4 7194 19 n/a 77.5 n/a n/a 92783 n/m n/a 1.6 n/a n/a n/a 6603 n/aShanghai Electric ƒ 98.83 72 195 30.0 1.6 6.8 329 -18 -9 5.5 6005 4 32 191.7 13 36 31323 -7 -2 3.2 86 208 n/a 10778 225Techtronic Industries ƒ 80.43 21 51 135.6 3.4 6.1 59 75 -43 2.5 2389 7 25 123.4 31 42 19354 -18 -12 4.2 48 72 96 974 4CNOOC ƒ 51.69 5 33 0.9 0.4 27.6 5551 30 49 43.2 12842 39 69 3583.1 27 36 3584 9 25 14.4 -4 7 n/a 43053 23.4 India (7) 721.59 28.6 40.4 175.7 5.0 13.5 411 -63.3 -52.8 2.8 14550 61.7 107.6 148.4 53.4 70.8 96868 5.4 n/a 6.4 19.5 32.9 n/a 20986 -1.6Tata Motors ƒ 210.80 23 105 n/m 2.1 13.2 -41 -109 -110 -0.4 10127 99 154 428.4 96 184 23638 2 -12 8.9 21 126 n/a 3042 7Prithvi Information Solutions ƒ 113.45 45 n/a >999 70.8 71.1 11 -22 n/a 6.8 160 46 n/a 58.3 -7 n/a 2751 57 n/a 41.2 -8 n/a n/a 17 -63Polaris Software Lab ƒ 106.31 13 38 >999 67.7 73.4 10 -39 -6 6.6 157 6 34 15.5 -10 -16 10093 19 58 10.5 -5 -13 66 190 18Mindtree ƒ 99.47 47 149 >999 56.3 68.7 9 -30 -18 5.3 177 67 109 n/a n/a n/a n/a n/a n/a n/a n/a n/a 85 261 21Bharat Heavy Electricals ƒ 66.20 84 193 13.0 2.4 3.9 508 3 64 18.4 2756 12 60 63.2 8 n/a 43636 4 n/a 1.5 78 n/a n/a 15611 8Kpit Cummins Infosystems ƒ 63.77 20 73 317.6 56.3 57.1 20 120 201 17.7 113 32 94 24.7 29 14 4576 2 63 13.9 17 0 n/a 62 -28Ranbaxy Laboratories ƒ 61.59 0 0 n/m 5.8 9.5 -107 -200 -221 -10.1 1059 6 24 87.0 3 7 12174 3 16 5.1 -3 -15 n/a 1803 -493.5 Israel (6) 909.68 35.3 78 42.4 3.7 8.5 2145 -16.2 25.6 8.7 24612 48 101.5 197.2 -4.7 -18.8 52760 20.8 40.5 15.0 2.8 11.6 n/a 43756 12.1Teva Pharmaceutical Industries ƒ 546.67 35 76 90.6 7.1 13.2 604 -64 -32 7.8 7710 18 59 201.3 -14 -15 38307 37 84 14.3 -1 -8 85 32744 23Elbit Systems ƒ 128.66 46 107 87.6 7.0 11.9 147 72 130 8.0 1835 33 91 168.7 23 35 10876 8 44 11.8 35 45 n/a 1937 24Check Point Software Technologies ƒ 63.73 13 56 26.5 11.3 12.4 240 24 21 42.7 562 11 35 298.5 12 11 1884 -1 21 33.8 14 31 88 4183 13Israel 61.90 82 116 5.0 0.4 4.8 1228 105 135 8.9 13772 82 151 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3535 -37Nice Systems ƒ 55.45 31 94 213.7 12.8 15.2 26 14 46 6.0 434 21 67 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1115 -7Orbotech ƒ 53.28 13 31 n/m 17.8 20.4 -100 n/m -578 -33.5 299 19 17 176.5 13 8 1693 5 8 31.5 7 22 25 242 -123.6 Japan (209) 88915.98 4.4 11.7 52.4 3.6 10.5 169790 -2.3 16.7 6.8 2479306 6.8 18.8 360.9 2.1 8 6845441 4.4 9.8 12.9 -0.7 2.1 n/a 1243566 -8Toyota Motor ƒ 7357.23 8 22 37.5 3.6 14.1 19641 4 24 9.7 201710 10 30 638.1 4 15 316121 6 13 23.3 2 8 51 103587 -2Honda Motor ƒ 4511.24 7 19 68.2 4.9 17.5 6616 13 14 7.2 92094 8 27 514.6 1 3 178960 7 23 25.2 0 -4 63 41744 3Matsushita Electric (now Panasonic) ƒ 4254.81 -4 -5 131.1 6.1 10.7 3246 -4 38 4.7 69583 0 6 227.5 7 12 305828 -7 -5 13.9 3 0 27 26152 -27Sony ƒ 3994.17 -4 0 122.5 5.9 9.8 3260 434 138 4.9 67175 13 21 372.2 2 7 180500 11 14 22.1 -14 -13 52 19887 -27Nissan Motor ƒ 3510.13 -2 10 61.4 4.2 16.5 5713 9 -2 6.9 83051 3 21 460.0 7 12 180535 -3 7 19.4 2 2 60 24031 -1Hitachi ƒ 3285.23 4 9 151.6 3.8 8.0 2167 26 35 2.5 86140 10 20 221.0 8 9 389752 1 10 8.4 2 -2 19 8056 -54Toshiba ƒ 3017.62 0 8 331.3 5.1 10.4 911 -41 -28 1.5 58835 8 23 297.1 4 7 198000 4 15 15.2 -4 -6 29 14647 4Canon ƒ 2869.79 2 21 80.9 9.1 19.6 3549 -40 -29 11.3 31413 -9 3 188.1 -28 -27 166980 27 41 17.2 -20 -14 61 33165 -23NEC ƒ 2702.33 5 22 301.5 7.6 10.3 896 -1 9 2.5 35426 -1 -5 231.7 0 n/a 152922 -1 n/a 17.7 7 n/a n/a 4914 -23Denso ƒ 2389.85 11 26 88.4 7.7 16.2 2704 16 47 8.8 30883 12 32 259.8 5 17 118853 6 14 20.1 5 11 36 18792 18Takeda Pharmaceutical ƒ 2116.04 43 74 58.1 20.1 22.4 3642 -13 1 34.5 10548 5 16 671.2 0 10 15717 5 6 134.6 36 64 49 21996 -30NTT ƒ 2079.74 0 -14 19.6 2.5 14.3 10634 18 6 13.0 81951 -1 -2 422.8 2 2 193831 -3 -4 10.7 3 -10 n/a 136295 32Fujitsu ƒ 1985.06 2 5 215.8 4.9 9.9 920 -45 -23 2.2 40902 5 10 244.4 1 3 167374 4 7 11.9 -2 -2 n/a 9479 -13Sharp ƒ 1505.28 3 24 126.9 5.7 16.4 1186 -3 16 4.5 26223 9 28 488.3 0 12 53708 10 14 28.0 -6 9 35 8747 -13FUJIFILM ƒ 1439.32 6 7 90.2 6.6 12.4 1595 127 87 7.3 21843 2 8 278.9 0 4 78321 3 4 18.4 3 3 35 10601 -1Daiichi Sankyo ƒ 1254.27 -4 n/a 114.8 18.6 21.5 1093 199 n/a 16.2 6753 -5 n/a 440.0 -5 n/a 15349 0 n/a 81.7 -4 n/a 36 10040 -33Eisai ƒ 1059.04 27 58 904.7 18.8 24.1 117 -85 -83 2.1 5634 9 27 527.2 -2 4 10686 11 23 99.1 15 30 58 7288 -4Mitsubishi Electric ƒ 1053.39 3 10 57.6 3.4 7.0 1828 31 79 5.9 31073 5 14 294.1 2 8 105651 3 6 10.0 1 4 n/a 11539 -10Astellas Pharma ƒ 1031.70 -20 23 50.1 13.8 16.6 2060 36 107 27.6 7462 6 41 546.1 7 n/a 13666 -2 n/a 75.5 -19 n/a 46 12425 -19Ricoh ƒ 967.02 10 18 68.5 5.7 9.5 1412 2 27 8.3 17033 7 17 204.2 5 8 83400 2 9 11.6 8 8 47 6882 -21Aisin Seiki ƒ 884.89 11 20 60.0 4.3 11.9 1474 38 76 7.1 20719 14 36 281.9 3 5 73509 11 30 12.0 0 -8 25 5351 1200 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data201

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)3.6 Japan continuedMazda Motor ƒ 877.76 6 20 68.1 3.3 5.6 1289 8 38 4.8 26669 7 18 677.5 3 9 39364 4 8 22.3 3 11 55 2834 -47Mitsubishi Chemical ƒ 859.84 23 25 101.7 3.8 9.7 845 -20 -3 3.8 22480 12 28 891.9 22 59 25204 -8 -21 34.1 34 57 n/a 5053 -11Suzuki Motor ƒ 834.34 18 26 73.5 3.1 9.3 1135 13 41 4.2 26873 11 34 534.9 0 10 50241 10 22 16.6 7 3 38 9121 17Mitsubishi Heavy ƒ 828.35 2 0 104.7 3.4 9.4 791 15 89 3.2 24576 4 18 383.4 2 14 64103 2 4 12.9 0 -3 n/a 9373 -20Sumitomo Chemical ƒ 808.70 8 23 107.7 5.6 12.3 751 -34 -18 5.2 14552 6 31 568.7 2 13 25588 4 16 31.6 4 6 n/a 5842 -20Bridgestone ƒ 715.50 7 15 99.3 2.9 11.2 721 -61 -55 2.9 24817 -5 13 179.9 -8 2 137981 3 11 5.2 4 3 58 10459 11Yamaha Motor ƒ 652.87 -1 12 210.6 5.3 11.6 310 -65 -61 2.5 12306 -9 6 247.3 -14 -12 49761 6 21 13.1 -6 -7 41 2306 -27Seiko Epson ƒ 635.84 -2 -7 164.9 6.1 11.1 386 219 37 3.7 10342 -5 -8 116.3 -6 -10 88925 1 2 7.2 -4 -9 46 2108 -49Konica Minolta ƒ 624.33 13 28 73.3 7.6 13.5 852 15 853 10.4 8222 4 7 259.2 -1 9 31717 5 -2 19.7 7 30 52 3303 -39Sumitomo Electric ƒ 554.52 6 18 44.6 2.8 7.6 1244 12 62 6.4 19495 7 32 126.8 -7 -3 153725 15 37 3.6 -8 -15 n/a 7185 16Sanyo Electric ƒ 550.88 -44 -44 113.8 3.4 7.3 484 n/a n/a 3.0 15985 -6 -14 160.1 -11 -19 99875 5 5 5.5 -46 -47 n/a 3154 18Olympus ƒ 505.85 19 40 63.6 5.8 10.1 796 16 89 9.2 8662 6 29 242.1 -2 14 35772 9 14 14.1 9 23 48 5291 -16Sega Sammy ƒ 501.68 25 51 n/m 14.2 19.0 -334 -156 -147 -9.5 3522 -13 -14 459.4 -12 -28 7665 -1 18 65.5 27 27 21 2501 15Tokyo Electron ƒ 490.31 12 32 38.9 7.1 9.2 1261 14 125 18.1 6952 6 35 666.6 -3 17 10429 9 15 47.0 2 14 n/a 6980 -4Kyocera ƒ 472.68 1 12 38.6 4.8 10.3 1223 14 40 12.4 9901 0 8 148.9 -4 -2 66496 5 10 7.1 -4 2 n/a 10909 -6Isuzu Motors ƒ 462.67 3 16 52.0 3.1 5.3 890 0 29 6.0 14769 16 25 622.8 13 n/a 23712 2 n/a 19.5 1 n/a n/a 2276 -51Pioneer ƒ 455.72 0 3 n/m 7.7 13.1 -100 n/m n/m -1.7 5942 -4 2 138.9 -16 -9 42775 14 12 10.7 -12 -8 n/a 437 -63Nikon ƒ 447.88 24 58 51.0 6.1 9.1 878 31 196 12.0 7334 16 42 289.4 4 0 25342 12 41 17.7 11 11 46 4931 -41TDK ƒ 440.31 15 38 77.7 6.6 16.4 567 -9 14 8.5 6647 0 17 110.4 -14 -14 60212 17 34 7.3 -2 2 18 5131 -7Asahi Kasei ƒ 430.98 7 11 49.4 3.3 7.4 872 -7 24 6.7 13019 4 18 545.8 4 18 23854 1 0 18.1 7 11 n/a 4950 10Kirin ƒ 410.03 87 88 36.3 2.8 9.3 1130 21 27 7.7 14754 37 50 403.6 3 -3 36554 33 54 11.2 41 21 n/a 9814 -2Fuji Heavy Industries ƒ 399.14 3 1 137.9 3.3 7.1 289 -33 -9 2.4 12064 5 7 456.9 2 8 26404 3 0 15.1 -1 1 54 2466 -15Omron ƒ 395.30 -1 1 81.2 6.8 11.7 487 -10 36 8.3 5854 4 19 165.3 -5 -8 35426 9 30 11.2 -9 -23 n/a 2644 -13Komatsu ƒ 381.13 7 7 14.6 2.2 7.5 2615 23 133 15.2 17210 15 43 438.3 -1 21 39267 16 18 9.7 -7 -9 43 12498 -20Shin-Etsu Chemical ƒ 367.87 15 50 16.2 3.5 22.0 2274 20 66 21.5 10560 5 30 521.7 0 19 20241 6 10 18.2 9 37 33 16196 -7Dainippon Sumitomo Pharma ƒ 362.66 16 82 130.4 17.9 20.6 278 -3 84 13.7 2026 1 24 422.4 4 -9 4795 -2 28 75.6 18 42 7 2658 13Toray Industries ƒ 351.62 8 20 51.4 2.8 11.6 684 4 26 5.4 12657 7 23 328.2 1 10 38565 6 12 9.1 3 7 n/a 5754 28Nippon Steel ƒ 347.80 10 20 7.7 0.9 0.9 4530 -2 41 12.2 37036 12 33 2455.5 7 40 15083 5 -6 23.1 5 26 n/a 19259 -17Japan Tobacco ƒ 346.52 10 12 12.0 0.7 2.7 2879 26 143 5.9 49180 34 37 1036.3 -5 -2 47459 42 39 7.3 -23 -20 n/a 20520 -37Kao ƒ 345.81 2 11 38.8 3.4 6.3 891 -4 -3 8.8 10117 7 30 307.5 5 -4 32900 2 31 10.5 -1 -19 19 8567 -15Murata Manufacturing ƒ 324.41 9 20 36.0 6.7 26.6 902 1 33 18.6 4847 11 33 142.3 -4 7 34067 16 25 9.5 -6 -4 20 7441 8Alps Electric ƒ 324.22 -10 -1 n/m 6.1 11.7 -14 -109 -105 -0.3 5315 -2 3 128.9 -12 -14 41224 11 20 7.9 -19 -17 44 788 -34Mitsui Chemicals ƒ 323.25 14 19 69.2 2.4 7.2 467 -33 -10 3.4 13709 6 30 1069.8 3 26 12814 2 3 25.2 11 15 8 2206 -22Yokogawa Electric ƒ 313.63 13 33 244.3 9.3 17.5 128 -26 22 3.8 3356 1 11 165.6 -4 2 20266 5 9 15.5 7 22 20 1595 5Shionogi ƒ 309.13 8 25 105.2 18.8 24.2 294 26 61 17.9 1644 7 8 330.0 7 14 4982 0 -5 62.1 7 31 15 5518 7JFE ƒ 302.94 3 5 8.7 1.1 7.4 3474 -12 16 12.8 27160 9 22 479.1 3 14 56688 6 7 5.3 -2 -2 n/a 16443 -8Ono Pharmaceutical ƒ 299.14 10 19 76.4 26.7 27.8 392 -9 -10 35.0 1119 3 1 418.6 3 n/a 2674 0 n/a 111.9 10 n/a 0 3957 -10Tokyo Electric Power ƒ 297.69 16 10 n/m 0.7 12.6 -733 -116 -117 -1.7 42042 4 7 803.6 4 7 52319 -1 0 5.7 16 10 n/a 23725 -9Asahi Glass ƒ 289.26 11 17 34.4 2.6 20.2 841 10 39 7.6 11082 -14 -8 232.0 -11 4 47770 -4 -12 6.1 16 33 33 7312 -16Nintendo ƒ 283.90 -2 41 7.7 2.2 2.7 3670 109 250 28.6 12832 73 167 3405.5 55 124 3768 12 20 75.3 -12 19 77 26260 -45Toyota Industries ƒ 281.97 6 17 36.0 1.8 8.6 784 15 55 5.1 15350 7 38 388.3 -3 12 39528 10 24 7.1 -3 -6 32 6201 -5Teijin ƒ 278.38 3 12 220.6 3.5 11.1 126 -74 -69 1.6 7954 3 11 415.9 2 12 19125 0 -1 14.6 3 14 n/a 2406 15Kawasaki Heavy Industries ƒ 277.97 7 63 50.2 2.4 5.5 554 19 135 4.8 11517 4 16 376.8 0 10 30563 5 5 9.1 2 55 34 3178 20Dai Nippon Printing ƒ 272.81 18 28 44.4 2.2 9.9 614 -14 -23 5.0 12400 4 11 320.8 1 2 38657 2 8 7.1 15 18 n/a 6982 2Mitsubishi Motors ƒ 265.37 -16 -42 48.5 1.3 4.5 547 110 n/a 2.7 20579 22 20 619.8 24 34 33202 -2 -11 8.0 -15 -35 50 6824 17Brother Industries ƒ 261.77 20 41 68.4 6.0 10.0 383 3 22 8.8 4346 1 13 182.5 -1 -1 23809 2 15 11.0 18 22 66 1943 -17Kyowa Hakko Kogyo (now Kyowa Hakko Kirin) ƒ 261.71 2 10 108.4 8.7 12.4 241 46 65 8.0 3009 11 11 495.4 5 8 6073 6 2 43.1 -3 7 12 4687 7Rohm ƒ 253.68 -2 1 52.3 8.9 22.5 485 -7 -17 16.9 2865 -5 -1 139.5 -6 -5 20539 1 4 12.4 -3 -3 8 5507 16Ajinomoto ƒ 252.23 4 11 60.9 2.7 7.8 414 2 -7 4.4 9334 5 11 360.5 0 9 25893 5 2 9.7 -1 8 19 4702 -1202 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data203

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)3.6 Japan continuedDaikin Industries ƒ 246.10 18 25 25.6 2.5 6.2 962 54 90 9.7 9905 42 69 272.9 31 3 36300 8 58 6.8 9 -25 38 7673 5Toyota Boshoku ƒ 243.36 20 76 45.5 2.6 6.7 535 37 162 5.6 9467 14 95 351.4 4 n/a 26942 9 n/a 9.0 10 n/a n/a 2466 2Fuji Electric ƒ 239.85 -4 7 95.8 3.4 7.2 250 -20 34 3.5 7076 2 5 276.0 0 3 25634 1 3 9.4 -5 4 4 980 -26Advantest ƒ 234.07 3 17 141.7 16.7 23.3 165 -63 -44 11.8 1402 -22 -19 382.5 -23 -21 3666 1 2 63.8 3 14 10 3573 13Kobe Steel ƒ 231.25 21 41 17.3 1.4 8.3 1337 -9 31 8.2 16361 12 37 486.1 6 17 33657 6 18 6.9 14 20 n/a 4202 -23Nidec ƒ 230.95 -8 25 39.9 4.1 8.9 579 21 55 10.2 5694 18 54 58.8 8 23 96897 9 27 2.4 -16 0 n/a 7320 2Elpida Memory ƒ 229.74 3 27 n/m 7.4 55.2 -259 -153 -393 -8.3 3111 -17 56 894.8 -23 21 3477 8 37 66.1 -4 -7 25 1438 -45Toppan Printing ƒ 228.13 2 19 40.1 1.8 7.3 569 11 11 4.4 12816 7 15 332.3 2 3 38570 5 12 5.9 -3 6 0 4728 -3Calsonic Kansei ƒ 214.32 -3 3 >999 3.4 8.2 3 37 -97

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)3.6 Japan continuedChubu Electric Power ƒ 107.77 -2 -13 8.4 0.6 10.8 1289 -27 -38 6.9 18667 10 13 1166.6 10 17 16001 0 -4 6.7 -1 -9 n/a 12497 -3Fujikura ƒ 107.33 14 17 90.3 2.1 7.6 119 -53 -8 2.3 5060 21 52 102.3 7 2 49448 13 49 2.2 1 -24 n/a 1405 12Sanken Electric ƒ 104.90 7 23 233.8 7.4 12.0 45 -58 -48 3.2 1414 -10 8 136.3 -8 n/a 10379 -2 n/a 10.1 9 n/a 16 330 -29Tosoh ƒ 104.35 7 23 22.7 1.6 9.6 459 0 31 7.2 6348 6 32 572.5 0 15 11088 5 16 9.4 2 6 n/a 1258 -22UBE Industries ƒ 104.33 4 11 27.6 1.9 6.3 378 14 120 7.0 5404 7 21 488.7 5 20 11058 2 1 9.4 2 10 11 1891 -26Mitsubishi Gas Chemical ƒ 104.07 18 25 22.1 2.6 9.3 470 15 60 11.8 3985 8 26 850.3 5 21 4686 3 4 22.2 15 20 7 1939 1Santen Pharmaceutical ƒ 99.30 -5 -1 63.2 12.5 15.6 157 0 14 19.8 793 3 8 319.5 0 2 2483 3 6 40.0 -8 -6 10 1860 19Sumitomo Bakelite ƒ 99.06 1 14 >999 5.7 9.8 8 -93 -93 0.5 1728 -12 1 195.7 -8 n/a 8833 -4 n/a 11.2 5 n/a n/a 963 8Nippon Oil ƒ 97.39 0 16 4.7 0.2 1.7 2054 57 90 3.6 57729 14 37 4546.7 18 47 12697 -4 -7 7.7 5 24 n/a 5906 -2Mitsubishi Rayon ƒ 95.98 56 24 38.8 3.0 10.8 248 -46 -11 7.7 3211 0 19 417.1 2 25 7699 -1 -6 12.5 58 31 n/a 1417 30Zeon ƒ 94.19 5 28 58.3 4.1 14.0 162 -27 16 7.0 2324 8 22 734.1 1 11 3166 7 10 29.8 -2 16 20 798 26NGK Insulators ƒ 93.35 15 12 17.3 3.3 8.9 539 39 139 19.3 2800 14 30 242.4 6 10 11551 8 18 8.1 7 -7 29 5514 65Daicel Chemical Industries ƒ 92.10 2 6 39.5 2.9 14.1 233 -4 65 7.3 3199 9 28 416.3 0 3 7685 9 24 12.0 -6 -15 n/a 1639 16Toto ƒ 92.08 2 3 67.0 2.4 5.9 137 -12 -26 3.6 3844 -2 2 183.0 -5 -8 21005 3 11 4.4 0 -8 6 1772 0Nippon Mining ƒ 90.22 17 69 6.2 0.3 2.7 1457 -11 42 4.4 33296 14 50 3227.6 10 n/a 10316 3 n/a 8.7 13 n/a 0 3392 -8Mitsubishi Materials ƒ 89.59 5 7 9.1 0.7 5.2 986 28 131 7.7 12731 14 47 654.0 15 49 19467 -1 -2 4.6 6 9 7 2583 -21Oji Paper ƒ 89.00 2 -2 34.7 0.9 8.6 256 -12 -38 2.5 10116 4 9 504.4 2 6 20056 3 3 4.4 -1 -5 n/a 3260 -15Kissei Pharmaceutical ƒ 87.17 8 11 290.1 18.5 22.6 30 124 -25 6.4 472 -4 -1 255.8 -8 -7 1844 4 7 47.3 5 4 n/a 960 12Hisamitsu Pharmaceutical ƒ 86.20 n/a n/a 36.9 9.4 16.5 234 n/a n/a 25.6 914 n/a n/a 521.4 n/a n/a 1752 n/a n/a 49.2 n/a n/a n/a 2297 n/aNippon Shokubai ƒ 85.77 1 11 57.5 3.7 10.5 149 -15 -8 6.4 2322 14 40 705.9 -2 18 3290 16 19 26.1 -13 -7 24 1120 40Tokuyama ƒ 85.64 4 18 34.7 3.6 12.6 247 8 59 10.5 2359 5 21 466.5 1 12 5057 4 9 16.9 0 9 n/a 1500 22Toyobo ƒ 83.46 4 12 445.2 2.5 9.5 19 -87 -84 0.6 3310 1 8 285.5 2 n/a 11595 -1 n/a 7.2 6 n/a n/a 943 9Kyorin ƒ 83.07 26 9 198.0 13.4 15.9 42 -27 -26 6.7 622 5 15 310.5 1 n/a 2003 4 n/a 41.5 21 n/a n/a 854 39Ebara ƒ 82.96 -5 0 n/m 1.9 4.9 -275 >-999 n/m -6.3 4352 5 11 270.7 2 6 16074 3 5 5.2 -8 -4 n/a 1177 56Citizen ƒ 82.87 -22 -3 53.8 3.2 11.0 154 30 -34 6.0 2583 0 -4 116.7 -13 -20 22127 15 20 3.7 -32 -19 26 1468 -16Ibiden ƒ 82.76 24 63 15.8 2.6 15.3 525 -1 84 16.5 3173 4 39 249.9 -3 1 12695 7 27 6.5 16 18 33 3476 -1Nippon Kayaku ƒ 82.67 -1 9 84.8 7.4 17.3 98 -7 -2 8.8 1112 -2 5 263.4 3 4 4221 -5 1 19.6 4 9 n/a 1074 37HORIBA ƒ 81.81 13 43 97.9 7.9 11.5 84 -27 -9 8.1 1030 -7 8 200.2 -10 -4 5146 3 14 15.9 9 27 51 671 7NSK ƒ 78.57 1 7 15.5 1.3 7.4 506 13 67 8.5 5924 8 26 236.3 1 9 25069 7 16 3.1 -5 -8 31 2468 -10Osaka Gas ƒ 78.10 3 -10 13.4 0.8 9.1 582 -17 -16 6.1 9500 5 19 569.5 4 14 16682 2 5 4.7 1 -14 n/a 5005 -8Topcon ƒ 78.09 8 n/a 88.9 9.2 11.8 88 -22 n/a 10.3 850 0 n/a 268.1 22 n/a 3172 -18 n/a 24.6 32 n/a n/a 339 n/aHamamatsu Photonics ƒ 77.96 5 11 50.0 10.3 19.0 156 3 46 20.6 758 3 21 201.5 -2 8 3762 5 12 20.7 0 0 49 1156 -22Minebea ƒ 76.34 11 6 31.9 3.0 10.4 239 17 75 9.3 2566 1 10 50.8 -1 3 50549 2 7 1.5 8 -1 25 1365 6Tokyo Gas ƒ 76.34 -3 2 14.5 0.7 9.3 526 -56 -44 4.6 11413 8 19 717.8 12 23 15900 -3 -3 4.8 0 4 n/a 7035 -10Sumco ƒ 75.91 -9 49 25.0 2.5 40.0 303 -71 -45 10.1 3007 -17 30 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3503 -9Sumitomo Heavy Industries ƒ 75.64 15 38 13.6 1.5 5.2 558 17 66 11.0 5070 10 23 351.9 -4 -1 14408 15 24 5.3 0 11 n/a 2173 -3Yamatake ƒ 75.53 12 18 58.3 4.0 5.8 129 -5 56 6.8 1907 6 29 229.4 4 17 8315 2 10 9.1 11 6 n/a 1063 -11Kyushu Electric Power ƒ 75.13 3 -2 9.0 0.7 17.0 839 -28 -37 7.4 11374 5 6 603.1 1 5 18860 4 1 4.0 -1 -2 n/a 7054 -2Yaskawa Electric ƒ 74.73 16 23 26.3 2.5 4.9 285 34 141 9.7 2933 4 21 351.4 0 13 8347 4 7 9.0 12 14 29 1264 -10Kajima ƒ 73.97 6 -3 28.4 0.5 2.1 261 -26 8 1.8 14534 0 9 973.2 n/a n/a 14934 n/a n/a 5.0 n/a n/a 10 2197 -3Toyo Tire ƒ 73.80 0 -1 105.7 2.7 7.9 70 46 3 2.5 2741 11 25 378.2 8 13 7248 3 10 10.2 -3 -11 n/a 376 -3Glory ƒ 73.78 3 -12 46.6 5.2 7.7 158 114 12 11.1 1421 13 10 265.8 11 5 5346 1 5 13.8 2 -16 15 1021 -7Shimano ƒ 71.77 16 26 25.0 4.0 7.8 287 30 51 15.9 1804 11 31 187.7 5 n/a 9610 6 n/a 7.5 10 n/a 54 2877 -1Taisei ƒ 71.31 2 1 24.3 0.5 1.1 293 65 42 2.2 13133 -9 -1 849.5 -5 3 15460 -4 -6 4.6 6 8 1 1701 -3Sysmex ƒ 70.75 2 26 62.4 8.3 15.8 113 11 51 13.3 850 10 33 216.9 0 5 3916 9 27 18.1 -7 -1 54 1454 -7Tohoku Electric Power ƒ 70.53 2 -4 11.2 0.5 13.5 628 -41 -43 4.5 13831 4 10 621.2 5 5 22266 -1 4 3.2 2 -8 n/a 7187 -7Nok ƒ 70.20 14 n/a 19.3 1.7 13.3 364 6 -5 9.0 4038 10 18 120.2 n/a n/a 33588 n/a n/a 2.1 n/a n/a n/a 1567 n/aAsahi Breweries ƒ 69.63 5 8 9.9 0.6 3.1 704 1 3 6.3 11223 0 12 686.1 -5 5 16357 5 6 4.3 0 1 n/a 5367 -10Yakult Honsha ƒ 68.69 33 33 29.6 2.8 10.9 232 8 19 9.5 2435 16 24 153.9 13 14 15822 3 8 4.3 29 23 n/a 2700 -21206 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data207

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)3.6 Japan continuedTaiyo Yuden ƒ 68.20 8 15 45.9 3.7 22.4 149 -9 147 8.1 1828 8 28 90.9 9 20 20117 -1 8 3.4 10 7 13 1076 n/aNHK Spring ƒ 68.05 3 108 26.5 1.8 9.0 257 24 64 6.9 3720 13 36 214.8 -23 -22 17324 47 75 3.9 -30 24 12 1276 16Shimadzu ƒ 67.48 2 11 34.4 3.0 3.0 196 9 44 8.8 2225 10 21 n/a n/a n/a n/a n/a n/a n/a n/a n/a 18 1518 -22Mochida Pharmaceutical ƒ 65.90 4 n/a 62.5 11.5 13.6 105 33 86 18.4 572 1 8 338.2 7 11 1692 -6 -3 38.9 10 n/a n/a 856 -19Ulvac ƒ 65.88 -3 26 106.1 3.6 14.9 62 -43 -35 3.4 1851 1 20 269.3 -19 -20 6872 24 49 9.6 -22 -15 4 867 -2Shimizu ƒ 65.45 -1 9 20.8 0.5 1.9 314 -11 -4 2.4 12929 2 9 1078.0 4 13 11993 -2 -3 5.5 1 12 n/a 2272 4Lion ƒ 65.39 -3 3 121.9 2.5 5.6 54 -21 143 2.1 2595 -1 3 449.5 -1 4 5774 0 -1 11.3 -3 4 0 n/a n/aJapan Aviation Electronics Industry ƒ 65.15 1 7 74.7 5.4 16.9 87 8 31 7.3 1198 13 27 211.2 1 n/a 5672 12 n/a 11.5 -10 n/a n/a 422 -4Japan Radio ƒ 64.68 19 -43 201.5 6.4 7.2 32 3 n/a 3.2 1011 4 -35 269.7 4 0 3751 1 -40 17.2 18 -9 10 243 5Denki Kagaku Kogyo ƒ 63.98 -5 -3 32.1 2.5 2.5 200 13 38 7.9 2526 7 22 538.0 8 24 4696 -1 -2 13.6 -4 -1 n/a 1203 25Disco ƒ 63.93 30 54 42.8 9.1 19.4 149 7 69 21.3 703 6 39 311.0 -5 10 2260 12 28 28.3 16 21 17 1376 51Mitsui Mining & Smelting ƒ 63.79 13 50 38.6 1.4 8.1 165 -55 -43 3.6 4569 1 24 401.9 -8 8 11369 9 15 5.6 3 31 8 1262 12Keyence ƒ 62.74 21 50 7.9 4.1 5.9 791 7 31 51.4 1540 10 34 526.4 0 n/a 2925 10 n/a 21.5 10 n/a n/a 7066 -2Tokyo Ohka Kogyo ƒ 62.11 25 31 99.3 7.9 15.7 63 -29 -17 8.0 785 0 10 424.3 -2 n/a 1850 2 n/a 33.6 22 n/a 16 758 31Electric Power Development ƒ 61.54 25 22 12.1 1.4 23.3 508 -14 -36 11.4 4456 3 0 683.1 2 -8 6524 0 8 9.4 24 12 n/a 3407 -16Nippon Paint ƒ 61.54 14 13 69.4 3.1 7.3 89 -4 4 4.5 1989 15 24 342.1 11 n/a 5814 3 n/a 10.6 10 n/a 11 1059 58Tokai Rubber Industries ƒ 60.68 5 13 30.8 2.5 11.0 197 8 26 8.2 2394 11 31 202.3 0 5 11836 12 19 5.1 -6 -7 n/a 911 10Nippon Shinyaku ƒ 60.60 -4 -10 121.8 13.3 16.3 50 30 35 10.9 456 6 10 265.0 8 12 1721 -2 -3 35.2 -2 -8 n/a 645 6Daiwa House Industry ƒ 60.38 9 27 22.8 0.5 5.9 265 -56 -53 2.0 13115 6 19 560.0 0 3 23421 5 16 2.6 3 10 n/a 4506 14Juki ƒ 60.36 16 44 85.5 6.0 8.9 71 -32 1 7.1 1000 -7 1 137.7 -11 -4 7264 4 5 8.3 11 36 n/a 117 -44Tokyo Seimitsu ƒ 58.77 0 12 76.0 8.3 13.8 77 -25 68 11.0 705 -8 8 534.5 -14 -4 1318 7 13 44.6 -6 -1 13 410 5Toyo Ink Manufacturing ƒ 57.95 173 79 86.6 2.9 9.9 67 -37 -24 3.4 1975 5 11 292.8 n/a n/a 6747 n/a n/a 8.6 n/a n/a 6 743 n/aAdeka ƒ 56.89 6 13 47.7 3.9 9.4 119 19 21 8.1 1473 10 21 576.3 4 n/a 2556 6 n/a 22.3 0 n/a n/a 657 23Nissin Kogyo ƒ 56.11 6 18 33.5 3.6 13.7 167 6 36 10.8 1553 8 31 209.5 -3 n/a 7415 11 n/a 7.6 -4 n/a n/a 634 -14Dowa ƒ 56.08 67 112 17.1 1.5 7.4 327 -10 36 9.0 3651 4 51 876.4 -5 n/a 4166 9 n/a 13.5 53 n/a n/a 1101 -17Meiji Dairies (now part of Meiji) ƒ 54.65 -6 -5 44.0 1.0 6.6 124 -26 -15 2.3 5425 1 -1 760.4 -1 1 7134 1 -2 7.7 -7 -3 n/a n/l n/lShowa ƒ 54.60 2 -1 52.8 2.5 10.0 103 -16 -17 4.8 2174 8 17 199.1 -1 n/a 10921 9 n/a 5.0 -6 n/a 36 339 -2Daifuku ƒ 53.43 -8 14 33.5 3.0 4.7 160 10 69 9.0 1777 0 26 313.8 -17 -10 5663 20 41 9.4 -24 -18 7 549 -14Obayashi ƒ 53.31 2 -5 32.3 0.4 2.7 165 -45 -42 1.3 12979 8 17 860.2 -2 n/a 15088 10 n/a 3.5 -7 n/a 10 2326 6Amada ƒ 53.06 9 10 15.0 2.4 9.3 354 12 100 16.3 2181 8 34 379.5 4 19 5747 4 13 9.2 4 -3 35 1929 12Sanden ƒ 52.68 9 26 61.1 2.6 6.2 86 52 59 4.3 2024 9 13 238.2 2 3 8494 7 10 6.2 2 15 n/a 293 -22Kaken Pharmaceutical ƒ 52.24 4 8 82.7 8.5 11.2 63 3 15 10.3 613 5 7 356.6 3 n/a 1720 1 n/a 30.4 3 n/a n/a 629 -9Roland ƒ 51.72 -1 n/a 50.1 6.2 9.9 103 36 n/a 12.4 833 14 n/a 329.5 8 n/a 2528 6 n/a 20.5 -7 n/a 71 211 -25West Japan Railway ƒ 51.53 5 6 4.9 0.5 17.9 1048 -1 1 10.6 9899 2 4 224.9 1 n/a 44021 2 n/a 1.2 3 n/a n/a 4462 -31Rinnai ƒ 50.23 -3 2 65.7 2.8 6.3 76 55 -5 4.2 1802 10 13 563.2 8 n/a 3199 2 n/a 15.7 -5 n/a n/a 1692 37Kureha ƒ 50.20 -5 -3 60.6 4.4 4.4 83 10 34 7.2 1149 2 9 296.0 -1 7 3882 4 2 12.9 -8 -6 11 798 9Meidensha ƒ 50.10 8 7 130.8 3.2 9.4 38 -1 42 2.5 1562 5 9 228.8 4 9 6825 1 0 7.3 7 7 0 971 112JEOL ƒ 49.77 8 32 393.6 6.9 13.4 13 n/a n/a 1.8 720 -8 2 236.4 -9 n/a 3047 1 n/a 16.3 7 n/a n/a 240 n/aNippon Paper ƒ 49.75 -5 -9 28.7 0.5 10.5 173 -44 -45 1.9 9297 3 3 680.3 -5 2 13666 9 1 3.6 -12 -10 n/a 2124 -3Ishihara Sangyo Kaisha ƒ 49.54 1 6 94.7 5.5 10.1 52 n/a n/a 5.8 900 10 17 485.9 10 17 1852 0 0 26.8 1 6 33 300 -26Central Glass ƒ 48.57 -5 5 79.6 3.3 11.3 61 -54 -58 4.1 1483 0 1 322.2 2 -2 4601 -1 3 10.6 -3 2 18 658 173.7 Saudi Arabia (1) 105.84 8 n/a 1.5 0.4 19.9 7127 35.6 44 25.5 27948 19.5 55.6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 40616 n/aSaudi Basic Industries ƒ 105.84 8 n/a 1.5 0.4 19.9 7127 36 44 25.5 27948 19 56 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 40616 n/a3.8 Singapore (3) 379.65 19.8 n/a 434.8 13.5 29.6 87 202.2 n/a 3.1 2820 11.3 n/a 250.6 -17.3 n/a 11254 0 n/a 33.7 -14 n/a n/a 1555 n/lAvago Technologies ƒ 184.31 29 n/a 174.3 15.6 19.4 106 n/a n/a 8.9 1184 12 n/a 329.0 15 n/a 3600 -3 n/a 51.2 33 n/a n/a n/l n/lChartered Semiconductor ƒ 123.71 11 29 n/m 10.7 45.4 -31 -202 -270 -2.7 1155 23 40 192.4 n/a n/a 6004 n/a n/a 20.6 n/a n/a n/a 1050 n/aVerigy ƒ 71.64 13 n/a 572.2 14.9 16.6 13 -82 n/a 2.6 481 -9 n/a 291.3 -15 n/a 1650 6 n/a 43.4 6 n/a n/a 505 n/a208 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data209

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)3.9 South Africa (1) 57.25 10.3 100.7 2.3 0.6 9.0 2508 37.9 94.3 25.7 9776 32.4 78.4 288.1 24.4 63.6 33928 6.5 9.2 1.7 3.6 85 n/a 15755 -35.2Sasol 57.25 10 101 2.3 0.6 9.0 2508 38 94 25.7 9776 32 78 288.1 24 64 33928 6 9 1.7 4 85 n/a 15755 -353.10 South Korea (21) 8743.16 11.6 17.7 53.5 3.1 14.8 16342 -26.6 -30.4 5.8 281153 4.6 22 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 179132 -7.8Samsung Electronics ƒ 3851.47 15 26 105.4 5.8 17.4 3655 -30 -32 5.5 66979 23 40 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 66548 4LG ƒ 1260.71 21 51 46.1 2.5 11.6 2734 2 34 5.5 49821 18 32 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 7314 n/aHyundai Motor ƒ 1209.59 0 33 71.5 2.7 9.0 1691 6 8 3.8 44031 15 30 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 12823 8Hynix Semiconductor ƒ 423.52 30 72 n/m 11.2 53.2 -1935 -733 -359 -51.4 3765 -21 -6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 6359 -11Korea Electric Power ƒ 341.27 3 21 n/m 2.0 30.2 -1396 -183 -167 -8.0 17428 8 19 451.5 5 11 38599 3 7 8.8 0 13 n/a 11454 -21POSCO ƒ 273.88 29 63 7.1 1.2 11.0 3873 44 41 16.8 23051 32 55 775.3 27 49 29730 4 4 9.2 23 57 n/a 23642 -20KT ƒ 211.64 -5 3 20.6 2.0 19.1 1026 1 -14 9.5 10848 5 11 309.4 11 23 35063 -5 -10 6.0 0 14 n/a 5816 -27SK ƒ 208.96 -13 n/a 8.9 4.3 62.4 2357 -11 n/a 48.0 4910 -86 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3003 n/aSamsung Electro-Mechanics ƒ 159.70 0 10 192.0 10.7 19.7 83 32 467 5.6 1486 12 10 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 3206 83SK Telecom ƒ 134.23 10 1 23.3 1.7 17.5 577 -48 -54 7.4 7807 18 28 870.9 -1 -2 8964 19 29 15.0 -8 -22 n/a 7912 -28Hyundai Heavy Industries ƒ 97.32 15 33 5.8 0.6 10.6 1684 19 182 11.1 15177 32 74 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 8946 -35Ssangyong Motor ƒ 70.61 -19 n/a 379.7 4.1 6.4 19 -54 n/a 1.1 1723 6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 316 n/aHyundai Mobis ƒ 66.99 31 61 9.7 0.9 4.5 692 23 29 9.0 7647 20 43 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 7073 32Samsung Techwin ƒ 64.04 17 n/a 47.0 3.4 5.6 136 55 n/a 7.2 1895 13 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2274 16STX Engine ƒ 57.10 51 n/a 54.2 6.9 11.6 105 64 n/a 12.7 833 18 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 481 n/aHyosung ƒ 54.94 32 58 20.4 1.0 10.3 270 24 147 5.1 5301 35 55 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1895 n/aHankook Tire ƒ 52.34 -1 25 50.6 2.1 9.8 104 -25 -25 4.2 2464 24 68 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1680 -2Hanjin Heavy Industries ƒ 52.09 -23 n/a 21.5 2.5 6.5 242 44 n/a 11.4 2125 11 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 872 n/aDoosan Infracore ƒ 51.81 15 n/a 29.7 2.2 2.2 174 33 n/a 7.4 2364 15 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1611 -49Samsung C&T ƒ 51.42 23 n/a 21.8 0.5 1.6 236 -39 -32 2.1 11311 25 28 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4388 n/aNCsoft ƒ 49.55 8 63 324.0 25.9 40.9 15 -42 -56 8.0 192 5 7 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1520 1183.11 Taiwan (32) 4616.62 25 51.3 83.2 2.7 9.5 5546 -56 -42.6 3.3 170354 3.9 39.9 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 129935 -12.6Hon Hai Precision Industry ƒ 501.44 54 126 32.9 1.2 4.8 1525 -22 14 3.7 41338 15 74 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 19485 -16Taiwan Semiconductor Manufacturing ƒ 455.26 20 42 20.4 6.4 24.2 2233 -9 -2 31.6 7061 3 13 309.1 4 1 22843 -1 12 19.9 21 27 72 32258 -9MediaTek ƒ 450.89 132 228 110.6 23.5 25.4 408 -39 -12 21.3 1916 12 57 897.8 -5 -3 2134 17 61 211.3 98 105 n/a 11152 28ASUSTeK Computer ƒ 305.06 58 119 64.5 2.2 4.1 473 -32 4 3.3 14149 -12 39 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4795 -35HTC ƒ 198.19 152 238 30.9 6.1 9.8 641 -2 67 19.8 3229 29 84 345.2 -1 n/a 9353 30 n/a 21.2 94 n/a 75 5714 -41United Microelectronics ƒ 175.36 -14 -8 n/m 8.5 20.4 -602 -855 -621 -29.4 2052 -15 -15 164.7 1 -15 12458 -15 -2 14.1 1 -7 n/a 3820 -11Compal Electronics ƒ 159.47 42 80 50.6 1.6 3.0 315 -12 10 3.1 10146 -4 39 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2679 -4Quanta Computer ƒ 155.00 37 57 36.5 0.9 1.9 425 -2 70 2.5 17352 5 54 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4862 27Chi Mei Optoelectronic ƒ 147.05 -2 42 451.1 2.2 36.0 33 -97 -93 0.5 6742 5 64 179.2 -52 -31 37623 117 142 3.9 -55 -40 n/a 2755 -35Delta Electronics ƒ 136.63 26 53 50.6 4.6 10.2 270 -23 17 9.0 2997 9 52 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4291 0Wistron ƒ 136.24 46 109 69.1 1.4 3.0 197 10 103 2.1 9434 55 126 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 2342 50Nanya Technology ƒ 135.57 -1 14 n/m 17.4 51.2 -745 n/m -938 -95.5 780 -32 -33 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 966 -23Realtek Semiconductor ƒ 125.79 95 173 >999 35.3 42.2 9 -69 -75 2.6 356 6 38 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 734 -6Tatung ƒ 124.62 -24 16 n/m 3.1 3.1 -315 -233 n/m -7.9 3968 -18 2 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 778 -35AU Optronics ƒ 113.07 -9 4 17.8 1.3 24.5 637 -53 -1 7.1 8985 -12 46 207.7 0 14 43267 -12 29 2.6 3 -28 n/a 6600 -8Inventec ƒ 110.78 26 79 169.3 1.4 1.4 65 -34 -16 0.8 8036 45 79 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1137 15Pou Chen ƒ 110.60 6 19 36.1 2.5 9.0 306 -6 20 6.9 4418 6 26 12.8 n/a n/a 345185 n/a n/a 0.3 n/a n/a n/a 1356 -10Sunplus Technology ƒ 98.23 9 44 n/m 28.7 30.4 -15 -144 -130 -4.2 343 -20 -31 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 236 -30Lite-On Technology ƒ 97.77 23 45 41.0 1.8 4.9 239 20 11 4.3 5543 18 29 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1737 35Chunghwa Picture Tubes ƒ 92.25 -30 3 n/m 3.7 11.4 -269 -214 -791 -10.7 2511 -26 -6 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 803 -44Advanced Semiconductor Engineering ƒ 82.16 18 37 34.8 4.1 23.8 236 -38 8 11.8 2001 -7 2 74.2 n/a n/a 26977 n/a n/a 3.0 n/a n/a n/a 2791 -16Qisda ƒ 77.54 -12 -53 n/m 2.2 6.6 -20 n/m n/m -0.6 3592 1 -9 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 653 -12Winbond Electronics ƒ 75.68 -28 -30 n/m 13.9 69.3 -163 n/m n/m -30.1 544 -22 -20 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 526 7210 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data211

Table 9Ranking of the top 1,000 global companies by R&D investment by country within regionTable 9Ranking of the top 1,000 global companies by R&D investment by country within regionR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(14/08/09)(£m)Change(from08/08/08)(% pa)3.11 Taiwan continuedPowerchip Semiconductor ƒ 69.65 18 62 n/m 6.0 43.0 -1112 n/m -598 -96.0 1159 -29 -22 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 590 -53Macronix International ƒ 68.41 0 11 88.9 13.2 20.8 77 -12 n/a 14.8 519 -3 9 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1101 17TPO Displays ƒ 67.20 19 60 n/m 9.5 9.5 -41 n/m n/m -5.8 705 -11 27 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 420 n/aChunghwa Telecom ƒ 66.63 22 20 5.4 1.6 16.5 1237 -7 3 29.0 4274 0 7 157.3 -11 3 27165 13 3 2.5 8 17 n/a 12752 -24ProMOS Technologies ƒ 64.65 -11 11 n/m 9.9 54.6 -680 n/m -755 -104.1 653 -36 -32 96.0 -29 -53 6800 -9 35 9.5 -1 -23 43 214 -70Novatek Microelectronics ƒ 60.47 78 106 79.1 10.9 10.9 76 -52 -43 13.8 555 -28 -16 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 1062 27MiTAC International ƒ 53.71 -1 25 >999 3.9 3.9 5 -96 -95 0.4 1365 -28 -21 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 481 -29Micro-Star International ƒ 51.73 23 41 94.9 2.4 3.7 55 -23 78 2.5 2160 6 27 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 490 18Inventec Appliances ƒ 49.54 -2 16 107.4 3.4 3.4 46 -39 -30 3.1 1471 -25 -30 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 356 -39212 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data213

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)All companies composite 395806.24 7.0 3.4 368830.81 336244.58 304977.92 277460.13Toyota Motor, Japan ƒ 1 7357.23 8 3.6 3 6834.71 6235.22 5794.03 5234.93Microsoft, USA ƒ 2 6266.52 10 15.4 37 5678.12 4952.71 4579.22 4301.02Volkswagen, Germany 3 5728.93 20 5.2 3 4759.28 4099.00 3939.48 4025.52Roche, Switzerland 4 5687.77 5 19.1 34 5419.20 4305.69 3728.03 3328.11General Motors (now Motors Liquidation), USA ƒ 5 5564.06 -1 5.4 3 5633.61 4590.35 4659.90 4520.80Pfizer, USA ƒ 6 5525.80 -2 16.5 34 5625.96 5285.16 5175.96 5344.28Johnson & Johnson, USA ƒ 7 5269.86 -1 11.9 34 5341.49 4955.49 4390.04 3618.72Nokia, Finland 8 5144.04 1 10.5 39 5105.38 3588.55 3508.31 3706.50Ford Motor, USA ƒ 9 5077.20 -3 5.0 3 5216.30 5007.65 5564.06 5146.75Novartis, Switzerland 10 5021.56 13 17.4 34 4460.98 3684.10 3344.00 2926.00Honda Motor, Japan ƒ 11 4511.24 7 4.9 3 4234.16 3916.04 3588.94 3444.80Sanofi-Aventis, France 12 4454.76 1 16.7 34 4411.25 4257.54 3909.51 2309.55Daimler, Germany 13 4290.41 -9 4.6 3 4725.45 5059.94 5357.70 5469.84Matsushita Electric (now Panasonic), Japan ƒ 14 4254.81 -4 6.1 24 4435.50 4333.40 4722.74 4444.27IBM, USA ƒ 15 4183.48 5 5.8 37 3997.08 3947.00 3740.44 3593.69Sony, Japan ƒ 16 3994.17 -4 5.9 24 4173.47 4080.31 3851.76 3947.48Intel, USA ƒ 17 3979.69 -1 15.2 39 4002.64 4084.71 3578.38 3323.13Samsung Electronics, South Korea ƒ 18 3851.47 15 5.8 9 3354.07 3155.72 3037.10 2707.30Robert Bosch, Germany 19 3785.77 10 8.7 3 3441.61 3285.00 2833.53 2516.43Siemens, Germany 20 3708.43 14 4.7 9 3254.06 3200.89 4983.57 4894.63GlaxoSmithKline, UK 21 3708.00 14 15.2 34 3246.00 3457.00 3136.00 2904.00Cisco Systems, USA ƒ 22 3583.95 15 13.0 39 3129.09 2828.63 2310.47 2220.06Nissan Motor, Japan ƒ 23 3510.13 -2 4.2 3 3566.58 3434.17 3054.88 2718.60AstraZeneca, UK 24 3503.27 1 15.9 34 3455.97 2702.05 2350.12 2452.36Merck, USA ƒ 25 3342.12 -2 20.1 34 3396.02 3326.54 2676.31 2789.12Hitachi, Japan ƒ 26 3285.23 4 3.8 39 3165.26 3108.06 2981.88 2852.91Alcatel-Lucent, France 27 3061.68 -6 18.6 39 3255.99 1921.89 1732.41 1291.57Toshiba, Japan ƒ 28 3017.62 0 5.1 17 3022.95 2857.68 2670.18 2583.51Ericsson, Sweden 29 2876.51 19 15.7 39 2419.41 2361.98 2254.06 2160.74Canon, Japan ƒ 30 2869.79 2 9.1 9 2825.56 2365.55 2198.05 2112.30Motorola, USA ƒ 31 2857.84 -7 13.6 39 3080.40 2855.75 2559.47 2128.25BMW, Germany 32 2768.76 -9 5.4 3 3039.44 3101.32 3011.41 2724.29NEC, Japan ƒ 33 2702.33 5 7.6 39 2567.59 2205.45 2112.67 1969.34Eli Lilly, USA ƒ 34 2671.37 10 18.8 34 2425.02 2176.45 2104.26 1871.68EADS, The Netherlands 35 2664.35 2 6.4 1 2611.18 2773.59 2288.28 2218.68Bayer, Germany 36 2634.38 3 8.3 6 2557.04 2375.29 1823.28 2324.05Boeing, USA ƒ 37 2620.67 -2 6.2 1 2677.70 2265.27 1533.59 1306.86Bristol-Myers Squibb, USA ƒ 38 2493.39 9 16.8 34 2282.65 2133.12 1909.86 1738.77Hewlett-Packard, USA ƒ 39 2464.18 -2 3.0 39 2511.48 2497.57 2427.32 2438.45Schering-Plough, USA ƒ 40 2454.44 21 19.1 34 2035.05 1521.77 1297.12 1117.68Denso, Japan ƒ 41 2389.85 11 7.7 3 2147.52 1966.82 1827.96 1649.00Wyeth, USA ƒ 42 2346.09 4 14.8 34 2265.12 2162.37 1912.22 1711.37Peugeot (PSA), France 43 2293.12 14 4.4 3 2005.03 2102.67 2079.47 2110.40Renault, France 44 2160.67 -9 6.1 3 2380.12 2320.19 2188.71 1895.79Takeda Pharmaceutical, Japan ƒ 45 2116.04 43 20.1 34 1483.14 1301.64 1085.33 994.78Amgen, USA ƒ 46 2107.39 -7 20.2 34 2271.53 2341.08 1609.40 1410.49General Electric, USA ƒ 47 2100.43 0 1.7 17 2092.78 2064.96 1906.39 1699.12NTT, Japan ƒ 48 2079.74 0 2.5 12 2087.45 2366.62 2440.49 2722.75Boehringer Ingelheim, Germany ƒ 49 2038.86 22 18.2 34 1672.47 1521.66 1314.77 1191.03Fujitsu, Japan ƒ 50 1985.06 2 4.9 37 1949.60 1853.47 1843.15 1925.16Google, USA ƒ 51 1942.69 32 12.8 37 1474.46 854.49 416.96 274.84Oracle, USA ƒ 52 1924.47 1 11.9 37 1906.39 1526.64 1301.99 1037.00Fiat, Italy 53 1919.95 14 3.3 3 1683.10 1544.86 1506.19 n/aAbbott Laboratories, USA ƒ 54 1870.09 7 9.1 34 1742.70 1568.56 1266.64 1180.10Finmeccanica, Italy 55 1708.24 -2 13.3 1 1746.91 1806.85 1687.94 1314.77Qualcomm, USA ƒ 56 1586.45 25 20.5 39 1272.08 1069.69 703.16 500.77SAP, Germany 57 1572.89 11 14.1 37 1412.41 1254.95 1052.43 986.10Philips Electronics, The Netherlands 58 1559.36 1 6.1 24 1550.66 1677.30 2538.67 1850.35Procter & Gamble, USA ƒ 59 1548.20 5 2.7 20 1468.91 1443.18 1349.28 1253.30Nestle, Switzerland 60 1528.46 25 2.1 14 1225.25 1133.11 979.55 923.35Sharp, Japan ƒ 61 1505.28 3 5.7 9 1456.68 1184.38 1136.54 1064.87STMicroelectronics, The Netherlands 62 1493.25 19 21.9 39 1251.22 1121.85 1080.82 1007.09Continental, Germany 63 1473.51 81 6.3 3 814.10 655.26 570.77 504.83FUJIFILM, Japan ƒ 64 1439.32 6 6.6 24 1358.10 1397.62 1289.15 1329.86Volvo, Sweden 65 1430.21 26 5.4 21 1135.12 991.32 928.87 669.68EMC, USA ƒ 66 1424.28 16 13.8 39 1228.77 1022.25 815.09 705.38Texas Instruments, USA ƒ 67 1349.28 -10 15.5 39 1498.82 1526.64 1401.45 1375.71Sun Microsystems, USA ƒ 68 1347.20 -4 14.0 39 1407.01 1806.93 1241.48 1339.55BASF, Germany 69 1326.37 -2 2.2 6 1352.86 1258.02 1050.17 877.71Delphi, USA ƒ 70 1321.46 -5 9.3 3 1391.01 1460.57 1530.12 1460.57Advanced Micro Devices, USA ƒ 71 1285.30 0 31.4 39 1284.60 838.09 795.68 650.00LG, South Korea ƒ 72 1260.71 21 2.5 9 1039.65 1103.49 1182.51 7.49Daiichi Sankyo, Japan ƒ 73 1254.27 -4 18.6 34 1309.13 1218.09 n/a n/aUnited Technologies, USA ƒ 74 1231.74 6 3.1 1 1167.06 1063.43 950.76 873.56Hyundai Motor, South Korea ƒ 75 1209.59 0 2.7 3 1211.25 800.43 896.06 724.25Caterpillar, USA ƒ 76 1201.84 23 3.4 21 976.49 936.85 753.93 645.43Merck, Germany 77 1193.35 10 16.3 34 1085.65 707.17 689.29 579.08BT, UK 78 1119.00 -11 5.2 12 1252.00 1119.00 727.00 522.00Nortel Networks, Canada ƒ 79 1094.03 -9 15.1 39 1198.36 1348.59 1290.86 1362.50Honeywell, USA ƒ 80 1073.17 6 4.2 17 1014.75 981.36 745.58 637.78Eisai, Japan ƒ 81 1059.04 27 18.8 34 830.92 715.47 600.97 529.42Mitsubishi Electric, Japan ƒ 82 1053.39 3 3.4 9 1018.34 928.74 906.26 961.52Broadcom, USA ƒ 83 1041.64 11 32.2 39 937.90 776.89 452.52 385.09Astellas Pharma, Japan ƒ 84 1031.70 -20 13.8 34 1288.60 1090.11 451.48 537.70DuPont, USA ƒ 85 968.84 4 4.6 6 930.59 905.55 929.20 927.11Ricoh, Japan ƒ 86 967.02 10 5.7 39 882.25 846.95 847.67 709.84Novo Nordisk, Denmark 87 961.85 0 16.3 34 965.10 784.81 642.06 545.55Yahoo!, USA ƒ 88 953.39 15 19.0 37 831.30 592.68 408.63 269.69Electronic Arts, USA ƒ 89 945.19 19 32.3 24 796.36 724.02 527.19 440.26Medtronic, USA ƒ 90 942.41 6 9.3 19 886.77 861.73 774.03 661.64Dow Chemical, USA ƒ 91 911.11 0 2.3 6 907.64 809.57 746.28 710.81Unilever, UK 92 896.17 7 2.3 14 839.13 875.87 921.31 958.04Aisin Seiki, Japan ƒ 93 884.89 11 4.3 3 796.04 730.04 733.09 683.46Genzyme, USA ƒ 94 880.71 79 27.5 34 492.61 439.88 335.58 263.76Royal Dutch Shell, UK 95 880.51 5 0.3 31 835.30 615.52 408.96 384.62Mazda Motor, Japan ƒ 96 877.76 6 3.3 3 825.22 734.51 697.00 673.72France Telecom, France 97 870.07 1 1.7 12 864.27 827.53 692.19 577.15Porsche Automobile, Germany 98 869.72 23 12.0 3 709.69 433.58 341.65 309.01214 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data215

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Mitsubishi Chemical, Japan ƒ 99 859.84 23 3.8 6 699.58 687.43 684.52 679.14Amazon.com, USA ƒ 100 848.52 29 6.4 18 658.65 545.97 376.27 227.41Lockheed Martin, USA ƒ 100 848.52 1 2.9 1 838.78 792.18 724.72 669.08Suzuki Motor, Japan ƒ 102 834.34 18 3.1 3 706.97 689.91 666.42 581.48NXP, The Netherlands 103 833.91 -18 22.0 39 1022.82 n/a n/a n/aMitsubishi Heavy, Japan ƒ 104 828.35 2 3.4 17 816.05 773.39 951.59 763.55Sumitomo Chemical, Japan ƒ 105 808.70 8 5.6 6 749.74 704.86 600.07 576.94ABB, Switzerland ƒ 106 804.70 22 3.3 9 661.43 566.14 510.50 479.90Freescale Semiconductor, USA ƒ 107 792.88 0 21.8 39 792.18 838.40 831.13 671.16PetroChina, China 108 791.05 46 0.7 31 541.81 434.26 325.70 299.29Apple, USA ƒ 109 778.97 31 3.4 39 596.05 495.20 371.40 340.10Applied Materials, USA ƒ 110 767.93 -3 13.6 39 794.32 801.45 654.13 689.86Valeo, France 111 759.86 -1 9.1 3 763.73 762.76 753.09 676.72Vale Do Rio Doce (now Vale), Brazil ƒ 112 754.63 48 2.9 27 509.81 334.54 192.66 131.23Biogen Idec, USA ƒ 113 745.62 16 26.2 34 643.46 499.65 520.01 470.95UCB, Belgium 114 741.49 -2 21.3 34 755.03 594.55 494.01 349.00Telstra, Australia ƒ 115 731.26 8 6.1 12 679.86 303.07 267.68 223.55Bridgestone, Japan ƒ 116 715.50 7 2.9 3 665.59 665.12 609.33 559.33Seagate Technology, Cayman Islands ƒ 117 714.98 14 8.1 39 628.74 559.88 448.60 463.21Boston Scientific, USA ƒ 118 699.68 -8 12.5 19 758.80 701.07 472.95 395.74Vivendi, France 119 697.02 70 2.8 26 408.93 356.73 328.69 187.55Schneider, France 120 684.46 5 3.9 9 652.55 575.21 524.07 517.21Monsanto, USA ƒ 121 681.60 26 8.5 6 542.50 504.24 408.96 355.40Telecom Italia, Italy 122 680.59 477 2.3 12 117.94 128.58 174.01 174.98Syngenta, Switzerland 123 673.95 17 8.3 6 577.27 553.62 571.71 562.67Deere, USA ƒ 124 655.93 15 3.7 21 568.09 504.80 471.07 425.37Petroleo Brasiliero, Brazil ƒ 125 654.47 7 0.8 31 612.74 505.63 277.51 172.49Yamaha Motor, Japan ƒ 126 652.87 -1 5.3 3 656.40 591.32 549.49 525.32Infineon Technologies, Germany 127 650.62 -4 11.0 39 678.65 1142.69 1201.66 1106.92ZF, Germany 128 647.72 1 5.4 3 643.85 564.58 535.58 506.57Marvell Technology, Bermuda ƒ 129 646.82 -4 31.5 39 675.20 457.79 217.61 184.82Telefonica, Spain 130 645.79 12 1.2 12 574.25 568.45 525.91 84.03Celgene, USA ƒ 131 637.27 142 40.6 34 263.24 167.22 103.98 97.96Seiko Epson, Japan ƒ 132 635.84 -2 6.1 39 649.80 713.09 683.19 694.27Konica Minolta, Japan ƒ 133 624.33 13 7.6 39 553.53 515.44 506.35 376.75Symantec, USA ƒ 134 611.84 -2 14.3 37 622.65 602.92 474.42 232.33Baxter International, USA ƒ 135 603.70 14 7.0 19 528.59 427.04 370.71 359.58Royal Bank of Scotland, UK 136 602.00 25 2.1 4 481.00 382.00 329.00 303.00ALSTOM, France 137 600.35 11 3.3 21 542.34 425.37 337.39 254.25Nvidia, USA ƒ 138 595.27 24 25.0 39 481.04 384.94 244.89 233.07Deutsche Telekom, Germany 139 593.58 12 1.0 12 529.78 470.81 418.60 419.573M, USA ƒ 140 591.88 8 3.4 17 548.06 589.79 555.02 527.89TOTAL, France 141 591.65 3 0.4 31 574.25 550.08 653.52 613.88Exxon Mobil, USA ƒ 142 589.09 4 0.2 31 566.14 509.81 495.20 451.38SAFRAN, France 143 588.75 -31 5.7 1 857.50 830.43 454.37 728.93eBay, USA ƒ 144 583.04 15 9.8 18 507.95 399.43 254.06 196.10Chevron, USA ƒ 145 580.75 49 0.3 31 390.88 325.50 219.78 168.31AT&T, USA ƒ 146 578.66 -16 0.7 12 685.07 155.10 90.42 59.81Schlumberger, USA ƒ 147 569.48 12 3.0 32 506.67 430.74 351.59 325.05L'Oreal, France 148 561.97 4 3.3 33 541.28 514.79 479.70 451.08Solvay, Belgium 149 558.78 1 6.1 6 551.04 554.91 461.14 412.80Allergan, USA ƒ 150 554.95 11 18.1 34 499.44 734.11 271.94 240.37Sumitomo Electric, Japan ƒ 151 554.52 6 2.8 9 524.61 494.33 433.36 424.12Sanyo Electric, Japan ƒ 152 550.88 -44 3.4 9 976.55 972.65 1011.48 960.67Thales, France 153 550.27 -3 4.5 1 564.58 499.81 486.85 334.78Activision Blizzard, USA † ƒ 154 548.99 193 19.6 24 187.46 92.55 91.66 60.19Teva Pharmaceutical Industries, Israel ƒ 155 546.67 35 7.1 34 404.09 344.28 256.57 235.36AREVA, France 156 535.58 -3 4.2 8 551.04 451.47 394.43 316.13HSBC, UK 157 531.37 30 0.9 4 408.26 409.65 292.11 218.39Xerox, USA ƒ 158 521.63 -2 4.3 39 531.37 529.28 525.11 528.59ASML, The Netherlands 159 516.03 9 18.1 39 472.70 371.21 318.07 322.56Juniper Networks, USA ƒ 160 508.52 17 20.5 39 433.27 334.02 247.20 165.78Olympus, Japan ƒ 161 505.85 19 5.8 24 426.07 352.45 366.14 296.71Danaher, USA ƒ 162 504.55 21 5.7 9 418.30 310.20 263.60 204.48Sega Sammy, Japan ƒ 163 501.68 25 14.2 41 399.80 278.81 319.11 n/aHon Hai Precision Industry, Taiwan ƒ 164 501.44 54 1.2 9 325.13 225.84 185.10 149.81Tokyo Electron, Japan ƒ 165 490.31 12 7.1 39 437.05 377.36 336.75 338.75Rolls-Royce, UK 166 490.00 8 5.4 1 454.00 411.00 352.00 310.00Agilent Technologies, USA ƒ 167 489.64 3 12.2 9 476.42 455.56 513.28 648.91Michelin, France 168 482.41 -13 3.0 3 552.01 571.35 546.21 556.85Gilead Sciences, USA ƒ 169 479.20 23 12.9 34 391.05 252.08 177.70 142.30Research In Motion, Canada ƒ 170 476.22 90 6.2 39 250.26 164.26 109.63 70.37Micron Technology, USA ƒ 171 472.95 -16 11.6 39 559.88 456.25 419.88 525.04Kyocera, Japan ƒ 172 472.68 1 4.8 9 468.80 440.69 417.38 357.78LSI, USA ƒ 173 467.74 3 25.1 39 455.71 287.55 276.33 293.17Isuzu Motors, Japan ƒ 174 462.67 3 3.1 21 448.85 422.77 359.08 364.45Dell, USA ƒ 175 461.12 9 1.1 39 424.26 346.36 322.02 322.02Adobe Systems, USA ƒ 176 460.47 8 18.5 37 426.51 375.35 254.09 216.51Forest Laboratories, USA ƒ 177 459.94 -1 17.2 34 466.67 654.47 285.46 204.24Pioneer, Japan ƒ 178 455.72 0 7.7 9 454.39 486.77 428.88 395.01Taiwan Semiconductor Manufacturing, Taiwan ƒ 179 455.26 20 6.4 39 380.35 340.72 297.06 265.27Gazprom, Russia 180 454.47 29 0.6 31 352.74 298.92 149.06 133.14Intuit, USA ƒ 181 452.09 25 21.2 37 362.26 303.61 234.10 241.35MediaTek, Taiwan ƒ 182 450.89 132 23.5 39 194.01 125.14 153.20 77.24Nikon, Japan ƒ 183 447.88 24 6.1 24 362.29 284.96 257.50 231.45TDK, Japan ƒ 184 440.31 15 6.6 9 384.08 349.32 278.89 264.67Corning, USA ƒ 185 436.08 11 10.5 39 392.96 359.58 308.11 246.91ZTE, China ƒ 186 435.54 33 9.6 39 327.27 288.76 199.75 230.91CA, USA ƒ 187 431.91 -1 14.5 37 436.78 437.47 447.21 528.59Asahi Kasei, Japan ƒ 188 430.98 7 3.3 6 402.25 394.89 389.12 371.51Henkel, Germany 189 424.40 16 3.1 20 365.43 328.69 313.23 262.95Hynix Semiconductor, South Korea ƒ 190 423.52 30 11.2 39 325.87 254.91 182.95 220.91BP, UK 191 413.83 5 0.2 31 393.66 274.73 349.15 305.33Kirin, Japan ƒ 192 410.03 87 2.8 5 219.40 217.08 220.41 216.38MAN, Germany 193 409.90 18 2.6 21 346.09 349.96 404.10 386.70Electricite de France, France 194 407.00 12 0.7 8 362.53 376.06 388.63 410.87Maxim Integrated Products, USA ƒ 195 401.83 -12 28.1 39 458.72 357.59 228.24 213.05Autodesk, USA ƒ 196 400.68 19 24.9 37 337.53 282.59 209.77 166.51Northrop Grumman, USA ƒ 197 400.61 7 1.7 1 373.49 399.22 374.18 350.54Fuji Heavy Industries, Japan ƒ 198 399.14 3 3.3 3 389.08 351.48 399.30 441.50216 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data217

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Omron, Japan ƒ 199 395.30 -1 6.8 9 399.20 424.42 379.35 356.74Komatsu, Japan ƒ 200 381.13 7 2.2 21 355.29 385.26 356.38 326.87DSM, The Netherlands 201 380.90 6 4.2 6 359.63 316.13 280.36 276.49Analog Devices, USA ƒ 202 379.83 -8 20.2 39 410.72 373.31 345.73 355.91Saint-Gobain, France 203 372.20 -4 0.9 7 385.73 360.60 319.99 301.62St Jude Medical, USA ƒ 204 369.87 12 12.2 19 331.29 299.83 256.80 196.09Tyco Electronics, Bermuda ƒ 205 368.62 n/a 3.6 9 n/a n/a n/a n/aShin-Etsu Chemical, Japan ƒ 206 367.87 15 3.5 6 320.24 245.55 214.26 202.02Automatic Data Processing, USA ƒ 207 365.77 8 6.0 38 338.09 328.49 296.70 404.20Dainippon Sumitomo Pharma, Japan ƒ 208 362.66 16 17.9 34 313.58 227.39 133.84 122.22Raytheon, USA ƒ 209 359.58 3 2.2 1 349.15 322.72 349.84 341.49Shire, UK ƒ 210 357.56 -1 17.0 34 360.83 210.18 199.71 146.72Toray Industries, Japan ƒ 211 351.62 8 2.8 6 324.27 293.05 282.23 274.15China Petroleum & Chemical, China 212 349.35 0 0.2 31 348.53 295.83 228.65 154.74Eastman Kodak, USA ƒ 213 348.45 -6 5.3 24 372.10 493.81 620.39 593.96Nippon Steel, Japan ƒ 214 347.80 10 0.9 22 316.34 290.65 278.92 271.22Kraft Foods, USA ƒ 215 347.06 12 1.2 14 310.89 n/a n/a n/aNetApp, USA ƒ 216 346.71 10 14.6 39 314.51 268.02 169.00 118.97Japan Tobacco, Japan ƒ 217 346.52 10 0.7 40 316.42 287.77 311.06 323.99Kao, Japan ƒ 218 345.81 2 3.4 33 340.58 308.92 305.10 295.45Hella, Germany 219 344.82 11 9.1 3 311.29 276.10 255.32 165.99Korea Electric Power, South Korea ƒ 220 341.27 3 2.0 8 332.84 305.81 269.51 223.82Textron, USA ƒ 221 331.06 30 3.2 1 253.86 244.12 226.74 213.52General Dynamics, USA ƒ 222 329.67 10 1.6 1 299.07 262.21 239.25 228.82Cadence Design Systems, USA ƒ 223 329.33 -9 45.6 37 360.37 336.88 294.44 271.09Murata Manufacturing, Japan ƒ 224 324.41 9 6.7 39 296.70 266.21 252.01 262.12Alps Electric, Japan ƒ 225 324.22 -10 6.1 9 359.11 328.62 325.83 289.98Mitsui Chemicals, Japan ƒ 226 323.25 14 2.4 6 283.45 285.01 267.63 252.39AKZO Nobel, The Netherlands 227 322.89 19 2.2 6 270.69 856.54 809.17 785.96Western Digital, USA ƒ 228 322.72 52 5.7 39 212.83 206.71 165.88 139.80Liebherr, Switzerland ƒ 229 319.03 21 4.4 21 263.92 232.02 222.35 193.35Emerson Electric, USA ƒ 230 318.54 15 1.8 9 276.12 247.60 210.74 338.02ThyssenKrupp, Germany 231 314.19 23 0.6 22 255.22 233.95 195.28 184.65PPG Industries, USA ƒ 232 313.67 33 2.8 6 235.78 232.30 214.91 210.74Yokogawa Electric, Japan ƒ 233 313.63 13 9.3 9 277.93 237.22 222.49 207.09Carl Zeiss, Germany 234 310.33 11 11.8 19 280.36 245.55 222.35 202.05Shionogi, Japan ƒ 235 309.13 8 18.8 34 287.39 247.50 225.65 228.71ASUSTeK Computer, Taiwan ƒ 236 305.06 58 2.2 39 192.91 163.55 129.03 70.53McKesson, USA ƒ 237 304.63 4 0.4 13 292.11 250.38 197.52 161.01Whirlpool, USA ƒ 238 303.24 4 2.3 20 292.81 297.68 235.78 219.09JFE, Japan ƒ 239 302.94 3 1.1 22 292.71 293.04 285.36 280.28Visteon, USA ƒ 240 301.85 -15 4.5 3 354.71 413.13 559.19 623.17Societe Generale, France 241 300.66 -1 1.4 4 304.52 206.88 203.02 n/aSpansion, USA ƒ 242 300.33 -1 18.9 39 303.79 241.86 n/a n/aOno Pharmaceutical, Japan ƒ 243 299.14 10 26.7 34 271.49 261.39 235.06 237.06SanDisk, USA ƒ 244 299.03 3 12.8 39 290.77 213.43 135.49 86.93Tokyo Electric Power, Japan ƒ 245 297.69 16 0.7 8 257.04 275.72 269.93 283.66Baker Hughes, USA ƒ 246 296.29 15 3.6 32 258.73 235.71 130.89 122.90Johnson Controls, USA ƒ 247 294.90 -14 1.1 3 341.49 292.11 288.64 358.19Evonik Industries, Germany 248 294.86 -2 1.9 17 301.62 292.92 296.50 33.16Lexmark, USA ƒ 249 294.41 5 9.3 39 280.85 257.69 233.97 217.49UBIsoft Entertainment, France 250 294.28 35 32.8 37 218.49 126.31 99.65 77.57Cummins, USA ƒ 251 293.50 28 2.9 21 228.82 223.26 193.35 167.62Lundbeck, Denmark 252 290.09 2 19.8 34 284.10 254.29 225.22 166.98Eaton, USA ƒ 253 290.03 24 2.7 17 233.00 223.26 199.61 181.53Asahi Glass, Japan ƒ 254 289.26 11 2.6 7 260.44 236.17 243.27 247.56Kla-Tencor, USA ƒ 255 285.14 -6 16.3 39 304.29 266.38 236.67 195.19Nintendo, Japan ƒ 256 283.90 -2 2.2 24 289.45 234.76 157.39 121.42Toyota Industries, Japan ƒ 257 281.97 6 1.8 3 265.08 239.13 230.57 226.82Vodafone, UK 258 280.00 20 0.7 28 234.00 222.00 206.00 198.00Teijin, Japan ƒ 259 278.38 3 3.5 6 269.29 239.36 230.37 251.90Kawasaki Heavy Industries, Japan ƒ 260 277.97 7 2.4 17 259.48 207.47 101.15 113.10Synopsys, USA ƒ 261 276.64 4 29.8 37 265.35 260.21 222.56 200.29MAHLE, Germany ƒ 262 276.38 3 5.7 3 268.44 233.58 211.28 n/aBecton Dickinson, USA ƒ 263 275.59 10 5.5 19 250.42 250.39 188.92 163.90Harman International Industries, USA ƒ 264 275.35 11 9.6 24 248.09 210.04 154.82 150.86UniCredit, Italy 265 275.28 >999 1.1 4 13.08 65.85 1.77 n/aDassault Systemes, France 266 274.87 -3 21.3 37 282.29 271.70 250.35 227.06Rockwell Collins, USA ƒ 267 274.73 14 8.3 1 241.34 194.05 169.01 151.62Barclays, UK 268 274.00 132 1.2 4 118.00 95.00 68.00 47.00POSCO, South Korea ƒ 269 273.88 29 1.2 22 213.05 181.44 124.59 153.04Dai Nippon Printing, Japan ƒ 270 272.81 18 2.2 26 231.05 220.15 202.45 199.87Givaudan, Switzerland 271 272.50 -2 10.2 33 277.72 176.44 143.76 135.92Accenture, Bermuda ƒ 272 271.37 27 1.5 38 213.77 207.51 169.32 189.14PepsiCo, USA ƒ 273 269.86 7 0.9 5 253.17 239.25 236.47 n/aMitsubishi Motors, Japan ƒ 274 265.37 -16 1.3 3 317.08 463.01 527.69 528.45Navistar International, USA ƒ 275 264.29 -1 2.6 21 265.68 315.07 287.24 143.97Dassault Aviation, France 276 263.66 3 7.3 1 256.21 273.03 275.10 273.46Vertex Pharmaceuticals, USA ƒ 277 263.09 4 215.5 34 251.78 136.71 75.29 74.26Brother Industries, Japan ƒ 278 261.77 20 6.0 39 218.32 193.72 168.73 164.17Kyowa Hakko Kogyo (now Kyowa Hakko Kirin), Japan ƒ 279 261.71 2 8.7 34 255.82 252.25 220.68 224.09Voith, Germany 280 258.14 22 5.4 17 212.14 187.07 181.04 144.05Stryker, USA ƒ 281 255.81 -2 5.5 19 261.02 225.76 194.60 146.75Autoliv, USA ƒ 282 255.39 -7 5.7 3 275.21 276.53 268.33 256.23Goodyear, USA ƒ 283 254.56 -2 1.9 3 258.73 249.69 253.86 263.04Rohm, Japan ƒ 284 253.68 -2 8.9 39 260.04 259.29 248.16 240.78BSH Bosch und Siemens Hausgerate, Germany 285 253.29 0 3.0 20 254.25 227.19 181.75 163.39Ajinomoto, Japan ƒ 286 252.23 4 2.7 14 243.70 234.29 218.15 216.16Cephalon, USA ƒ 287 251.92 -2 18.3 34 256.72 280.55 246.78 190.55Thomson, France 288 248.45 -19 5.2 26 305.49 319.99 265.85 203.02Xilinx, USA ƒ 289 247.18 -1 19.5 39 249.04 269.93 226.82 213.83Oce, The Netherlands 290 246.49 23 8.8 39 200.10 194.92 212.86 185.92Daikin Industries, Japan ƒ 291 246.10 18 2.5 7 208.73 204.46 188.62 182.74Actelion, Switzerland ƒ 292 244.74 28 25.4 34 190.90 138.41 112.05 89.06Toyota Boshoku, Japan ƒ 293 243.36 20 2.6 3 202.59 190.51 116.91 42.74Fuji Electric, Japan ƒ 294 239.85 -4 3.4 9 249.78 222.67 208.88 219.19Paccar, USA ƒ 295 237.72 34 2.3 21 177.70 104.74 81.93 71.78Covidien, Bermuda ƒ 296 237.17 n/a 3.2 19 n/a n/a n/a n/aAdvantest, Japan ƒ 297 234.07 3 16.7 39 226.41 206.60 201.64 166.01Behr, Germany 298 232.99 5 7.1 3 221.38 207.85 188.52 177.88218 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data219

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Philip Morris International, USA ƒ 299 232.30 n/a 1.3 40 n/a n/a n/a n/aKobe Steel, Japan ƒ 300 231.25 21 1.4 22 191.00 185.07 151.15 129.89Nidec, Japan ƒ 301 230.95 -8 4.1 9 251.32 224.29 198.86 67.14Elpida Memory, Japan ƒ 302 229.74 3 7.4 9 222.84 187.19 151.24 160.29Citrix Systems, USA ƒ 303 228.90 42 20.8 37 160.94 121.04 75.59 60.06Toppan Printing, Japan ƒ 304 228.13 2 1.8 26 223.53 211.71 170.76 163.44Rohm & Haas, USA (now part of Dow Chemical) ƒ 305 227.43 10 3.4 6 205.87 203.09 189.87 184.31Halliburton, USA ƒ 306 226.74 1 1.8 32 225.35 192.66 167.62 173.88SunGard Data Systems, USA ƒ 307 226.04 9 5.8 37 206.57 191.96 170.26 176.66Lam Research, USA ƒ 308 225.18 13 13.1 39 198.46 159.20 135.01 118.57StatoilHydro (now Statoil), Norway 309 222.80 14 0.3 31 195.58 160.52 105.89 102.01OC Oerlikon, Switzerland 310 221.53 21 6.8 17 183.62 105.86 96.71 117.62Onex, Canada ƒ 311 221.42 25 1.5 17 177.48 223.11 82.82 25.92Mylan, USA ƒ 312 220.63 63 6.2 34 135.45 72.12 70.98 61.12Elan, Ireland 313 220.34 39 41.6 34 158.30 134.23 153.43 128.60Vestas Wind Systems, Denmark 314 215.58 87 3.7 2 115.04 80.14 83.43 56.36Sandvik, Sweden 315 215.13 10 2.6 21 196.31 159.90 135.36 130.61Calsonic Kansei, Japan ƒ 316 214.32 -3 3.4 3 220.42 219.23 199.45 196.12Rio Tinto, UK 317 213.52 345 0.6 27 47.99 10.43 13.91 11.13BAE Systems, UK 318 213.00 21 1.3 1 176.00 162.00 n/a n/aNational Semiconductor, USA ƒ 319 212.83 -16 21.0 39 252.47 252.96 227.15 231.60Tellabs, USA ƒ 320 212.27 -11 17.7 39 238.63 248.23 239.25 174.09KT, South Korea ƒ 321 211.64 -5 2.0 12 223.59 191.12 203.41 203.53Tata Motors, India ƒ 322 210.80 23 2.1 3 170.74 113.76 67.97 58.88SK, South Korea ƒ 323 208.96 -13 4.3 32 241.25 n/a n/a n/aEni, Italy 324 208.82 4 0.2 31 201.08 214.62 195.28 733.76Kimberly-Clark, USA ƒ 325 206.57 7 1.5 33 192.52 209.49 222.21 194.53ArcelorMittal, Luxembourg 326 205.18 38 0.2 22 148.84 66.77 27.13 n/aNycomed, Luxembourg 327 203.69 -20 6.6 34 256.00 36.13 29.72 24.85RWE, Germany 328 203.02 67 0.4 16 121.81 130.51 122.78 123.74Cerner, USA ƒ 329 202.65 3 17.4 37 196.89 214.16 190.22 160.32BMC Software, USA ƒ 330 201.21 3 15.5 37 195.58 183.75 187.30 197.66Fresenius, Germany ƒ 331 200.12 13 1.7 19 177.88 161.45 144.05 128.58Millennium Pharmaceuticals, USA(now part of Takeda Pharmaceutical, Japan) ƒ332 199.68 -10 54.4 34 221.29 221.66 185.28 220.34Toyoda Gosei, Japan ƒ 333 199.41 7 3.9 3 186.62 194.21 188.00 174.17HTC, Taiwan ƒ 334 198.19 152 6.1 9 78.53 63.03 50.85 42.26Goodrich, USA ƒ 335 197.52 1 4.0 1 194.74 250.38 185.63 173.04Sekisui Chemical, Japan ƒ 336 197.49 5 2.7 20 187.61 177.06 176.27 181.85Beckman Coulter, USA ƒ 337 194.81 2 9.0 19 190.57 184.24 145.29 139.10Rheinmetall, Germany 338 192.38 11 5.1 3 173.05 163.38 150.81 146.95Tesco, UK 339 192.00 50 0.4 13 128.00 129.00 115.00 85.00Danone, France 340 191.42 39 1.3 14 137.28 121.81 120.84 124.71Harris, USA ƒ 341 191.26 17 5.2 39 163.17 130.62 95.49 77.41Yamaha, Japan ƒ 342 190.78 3 4.5 24 185.83 184.57 176.11 172.66Kubota, Japan ƒ 343 190.16 8 2.1 17 175.90 174.41 168.52 178.48Taisho Pharmaceutical, Japan ƒ 344 189.86 -13 9.9 34 218.83 177.03 178.17 185.46IHI, Japan ƒ 345 185.07 3 1.8 21 179.74 165.75 162.72 172.31L'Air Liquide, France 346 185.04 9 1.5 6 169.28 149.17 136.41 143.85Genmab, Denmark 347 184.81 70 190.9 34 108.67 64.84 57.37 48.49Avago Technologies, Singapore ƒ 348 184.31 29 15.6 39 142.58 130.06 n/a n/aElectrolux, Sweden 349 184.00 4 2.0 20 177.40 161.13 192.35 180.48Mentor Graphics, USA ƒ 350 181.08 13 33.0 37 160.03 157.99 147.92 140.69Atmel, USA ƒ 351 181.05 -4 16.6 39 189.21 201.08 192.38 172.10Heidelberger Druckmaschinen, Germany 352 179.82 -16 6.2 21 214.29 229.12 206.82 203.92Altera, USA ƒ 353 179.24 -3 18.9 39 184.71 172.99 145.89 125.56Exelixis, USA ƒ 354 179.02 14 218.4 34 156.75 129.00 98.16 95.79China Railway Construction, China 355 178.99 516 0.8 7 29.04 n/a n/a n/aBrocade Communications, USA ƒ 356 177.75 20 17.4 39 148.36 114.65 91.07 103.97Parker Hannifin, USA ƒ 357 177.59 20 2.1 21 147.59 115.57 90.82 65.84Legrand, France 358 176.82 4 4.4 9 170.05 169.76 157.00 226.12Colgate-Palmolive, USA ƒ 359 176.03 2 1.7 33 171.79 167.97 171.30 159.41United Microelectronics, Taiwan ƒ 360 175.36 -14 8.5 39 204.12 199.62 204.17 156.06McAfee, USA ƒ 361 175.28 16 15.8 37 151.58 134.54 122.65 120.13Mannkind, USA ƒ 362 174.18 -2 >999 34 178.64 133.40 66.32 41.22Takata, Japan ƒ 363 173.73 4 4.4 3 167.16 156.32 n/a n/aThermo Fisher Scientific, USA ƒ 364 173.25 4 2.4 19 166.02 118.36 106.26 93.67Agfa-Gevaert, Belgium 365 173.05 -11 5.9 9 193.35 195.28 195.28 184.65Sepracor, USA ƒ 366 171.66 -6 19.1 34 183.44 113.71 100.50 111.26AlCoA, USA ƒ 367 171.10 -1 0.9 22 173.18 148.14 134.93 126.58ITT, USA ƒ 368 169.91 34 2.1 17 126.79 111.91 123.52 108.47BHP Billiton, UK 369 169.70 44 0.4 27 117.54 52.86 22.95 13.22Nitto Denko, Japan ƒ 370 169.54 2 3.0 6 166.75 157.21 128.43 121.40Intesa Sanpaolo, Italy 371 167.25 4 1.0 4 161.45 145.01 136.31 n/aHilti, Liechtenstein 372 166.83 10 5.4 7 151.80 141.35 127.23 119.58United Therapeutics, USA ƒ 373 166.35 187 85.0 34 57.97 40.04 25.07 21.28Knorr-Bremse, Germany ƒ 374 165.64 8 5.1 21 153.39 136.12 128.19 119.88ON Semiconductor, USA ƒ 375 162.68 76 11.4 39 92.50 70.39 65.17 65.66Umicore, Belgium 376 162.06 35 1.8 6 120.43 99.29 95.71 86.04Altria, USA ƒ 377 161.36 -63 0.7 40 438.87 698.99 655.86 562.67Indra Sistemas, Spain 378 160.81 7 7.0 37 149.83 93.24 83.04 74.44Samsung Electro-Mechanics, South Korea ƒ 379 159.70 0 10.7 9 159.92 152.97 124.28 n/aKoito Manufacturing, Japan ƒ 380 159.59 0 4.4 3 158.83 156.52 147.32 n/aCompal Electronics, Taiwan ƒ 381 159.47 42 1.6 9 112.50 103.39 76.67 62.44Wacker-Chemie, Germany 382 157.77 7 3.8 6 147.43 147.24 142.02 145.59Amdocs, UK ƒ 383 156.83 -2 7.1 37 160.28 129.89 100.47 87.92Rabobank, The Netherlands 384 156.61 2 1.4 4 153.71 172.08 82.17 64.77Freudenberg, Germany 385 155.16 -6 3.2 17 164.64 169.28 160.00 143.47International Game Technology, USA ƒ 386 155.10 10 8.8 41 140.63 131.10 96.26 89.91Quanta Computer, Taiwan ƒ 387 155.00 37 0.9 39 112.98 105.88 112.56 62.26Sumitomo Metal Industries, Japan ƒ 388 154.25 7 1.2 22 144.01 126.04 113.03 104.28Danfoss, Denmark 389 154.05 33 4.4 21 115.47 95.99 83.91 73.65Showa Denko, Japan ƒ 390 154.01 15 2.0 6 133.48 149.79 133.38 134.86Lenovo, Hong Kong ƒ 391 153.02 -16 1.5 39 181.77 158.13 133.72 34.02Novellus Systems, USA ƒ 392 152.78 -9 21.7 39 167.64 169.84 172.01 175.33Diehl Stiftung & Co KG, Germany ƒ 393 152.26 1 7.1 17 150.81 154.68 156.61 161.83Amylin Pharmaceuticals, USA ƒ 394 151.85 11 26.0 34 137.05 128.82 54.51 59.32Furukawa Electric, Japan ƒ 395 151.84 -1 1.7 17 153.27 138.24 131.92 146.29Atlas Copco, Sweden 396 151.10 13 2.3 21 133.34 126.30 110.91 73.79Pirelli, Italy 397 150.81 -10 3.2 3 167.25 165.31 168.21 165.31220 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data221

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Vattenfall, Sweden 398 150.58 52 1.0 8 99.04 76.96 94.73 71.33Teradyne, USA ƒ 399 150.55 6 19.6 39 142.12 145.15 155.11 182.22Kansai Electric Power, Japan ƒ 400 150.51 -6 0.7 8 159.72 160.67 176.63 178.21Ciba, Switzerland (now part of BASF, Germany) ƒ 401 150.30 -12 3.9 6 171.21 176.44 196.69 188.20KDDI, Japan ƒ 402 150.13 27 0.5 28 118.05 117.68 84.12 102.35DONG Energy, Denmark 403 149.51 140 1.9 31 62.22 27.28 8.57 11.09Hospira, USA ƒ 404 148.56 6 5.9 34 139.96 112.41 96.56 83.17Sumitomo Rubber Industries, Japan ƒ 405 148.48 6 3.2 3 139.82 132.67 124.75 120.69Pitney Bowes, USA ƒ 406 147.95 3 3.4 39 144.15 125.31 119.49 112.56International Flavors & Fragrances, USA ƒ 407 147.93 7 8.9 33 138.42 129.15 125.06 121.83Dongfeng Motor, Hong Kong ƒ 408 147.81 33 2.1 3 111.01 n/a n/a n/aChi Mei Optoelectronic, Taiwan ƒ 409 147.05 -2 2.2 9 150.03 115.59 91.12 58.44NCR, USA ƒ 410 146.75 14 4.0 39 128.67 228.13 221.87 227.43JSR, Japan ƒ 411 146.69 10 4.7 6 133.43 121.45 122.99 115.80Illinois Tool Works, USA ƒ 412 146.56 4 1.2 21 141.53 100.79 88.94 85.89Dana, USA † ƒ 413 146.44 11 2.6 3 131.45 153.71 191.26 187.09Maxingvest, Germany 414 145.98 19 1.6 18 122.78 115.04 105.38 97.64Trumpf, Germany ƒ 415 145.59 11 7.0 17 130.90 115.82 103.44 94.64ConocoPhillips, USA ƒ 416 145.36 31 0.1 31 111.28 81.37 86.94 87.63Expedia, USA ƒ 417 145.33 15 7.1 41 126.92 97.63 78.09 59.13Arkema, France 418 145.01 -5 2.7 6 152.75 162.41 n/a n/aKudelski, Switzerland 419 144.77 5 21.6 9 137.59 127.61 108.19 92.45General Mills, USA ƒ 420 144.67 2 1.4 14 142.37 132.84 120.32 116.85Grundfos, Denmark ƒ 421 144.16 51 5.8 21 95.64 80.23 76.60 74.20Fanuc, Japan ƒ 422 143.71 10 4.0 9 130.55 123.30 116.14 109.69Garmin, Cayman Islands ƒ 423 143.35 29 5.9 24 110.87 78.81 52.08 42.83TRW Automotive, USA ƒ 424 143.27 10 1.4 3 130.06 116.85 141.19 121.02BorgWarner, USA ƒ 425 143.07 -2 3.9 3 146.61 130.55 111.98 85.62Kerry, Ireland 426 142.55 2 3.1 14 140.41 134.40 120.59 107.23Koc, Turkey 427 142.31 43 0.6 17 99.42 52.61 45.39 43.46Tokai Rika, Japan ƒ 428 140.60 3 4.2 3 136.07 136.73 129.18 113.02Arena Pharmaceuticals, USA ƒ 429 140.49 55 >999 34 90.55 50.65 39.14 30.63OKI Electric, Japan ƒ 430 139.88 -14 2.5 39 163.47 150.49 168.70 123.66Essilor International, France 431 139.71 5 4.7 19 133.09 123.39 109.72 102.57Sage, UK 432 139.70 25 10.8 37 111.40 94.90 81.60 74.39Tognum, Germany 433 139.21 22 4.6 3 113.98 119.28 21.30 n/aTomTom, The Netherlands 434 138.59 113 8.6 9 65.17 36.29 9.86 5.45CR Bard, USA ƒ 435 138.48 47 8.1 19 94.45 101.34 79.71 77.62BAT, UK 436 138.00 16 1.1 40 119.00 97.00 93.00 79.00Novell, USA ƒ 437 137.81 -5 20.6 37 144.92 125.46 139.54 138.14Sybase, USA ƒ 438 137.45 5 17.5 37 131.29 130.07 120.27 108.75Linear Technology, USA ƒ 439 137.08 7 16.8 39 127.67 111.87 91.41 72.76EMBRAER, Brazil ƒ 440 137.02 -24 3.1 1 180.64 78.41 64.80 30.95Hexagon, Sweden 441 136.94 30 10.8 21 105.54 78.63 32.63 15.13Hitachi Kokusai Electric, Japan ƒ 442 136.72 24 9.0 9 110.62 98.32 89.50 94.86Delta Electronics, Taiwan ƒ 443 136.63 26 4.6 9 108.28 98.71 81.48 68.28Wistron, Taiwan ƒ 444 136.24 46 1.4 39 93.41 63.39 56.61 47.84Nanya Technology, Taiwan ƒ 445 135.57 -1 17.4 39 137.31 134.26 111.06 91.33AGCO, USA ƒ 446 135.28 26 2.3 21 107.73 88.96 84.64 72.12Human Genome Sciences, USA ƒ 447 135.13 -5 401.2 34 141.81 127.62 145.78 150.03B Braun Melsungen, Germany 448 134.99 20 3.7 19 112.38 102.23 94.08 84.77LyondellBasell Industries, Luxembourg ƒ 449 134.93 44 0.4 6 93.89 101.51 63.16 n/aZimmer, USA ƒ 449 134.93 -7 4.7 19 145.78 130.96 122.06 115.94Namco Bandai, Japan ƒ 451 134.91 -2 3.8 24 138.14 155.30 n/a n/aCypress Semiconductor, USA ƒ 452 134.60 3 10.7 39 130.62 169.78 157.71 181.97Bouygues, France 453 134.38 -1 0.4 7 136.31 121.81 132.44 131.48SK Telecom, South Korea ƒ 454 134.23 10 1.7 28 122.56 118.12 139.99 150.94Weatherford International, USA ƒ 455 134.00 14 2.0 32 117.76 103.93 74.67 58.11NGK Spark Plug, Japan ƒ 456 133.85 7 5.0 3 124.71 112.73 110.18 106.51Hoya, Japan ƒ 457 133.61 17 3.6 9 114.48 108.45 84.07 75.55MTU Aero Engines, Germany 458 133.60 56 5.1 1 85.85 77.92 81.01 150.72Hasbro, USA ƒ 459 133.14 14 4.8 24 116.29 119.18 104.73 109.31Rockwell Automation, USA ƒ 460 133.05 34 3.4 9 99.53 111.56 96.40 84.64Ipsen, France 461 132.63 -13 13.2 34 152.26 136.16 133.22 113.26Mattel, USA ƒ 462 132.29 0 3.2 24 131.73 120.67 126.58 118.93Dover, USA ƒ 463 131.59 -11 2.5 17 147.87 107.80 133.68 130.96JDS Uniphase, USA ƒ 464 130.83 12 12.3 39 117.12 108.15 65.17 69.20Dragerwerk, Germany 465 130.59 9 7.0 19 119.37 114.07 104.75 100.39Zodiac, France 466 130.18 -7 6.7 1 140.36 107.19 n/a n/aFujitsu Siemens Computers, The Netherlands(now part of Fujitsu, Japan) ƒ467 129.64 -8 2.0 37 140.28 128.00 138.34 137.76Metro, Germany 468 129.54 3 0.2 18 125.68 108.28 97.64 n/aNovozymes, Denmark 469 129.24 12 12.2 34 115.73 103.13 93.00 97.81Elbit Systems, Israel ƒ 470 128.66 46 7.0 1 88.33 64.15 50.01 46.49BioMerieux, France 471 128.29 1 12.0 19 127.42 125.29 126.35 122.58SMC, Japan ƒ 472 127.72 5 4.7 21 121.67 117.19 114.71 111.22Kaneka, Japan ƒ 473 127.45 -2 3.3 6 129.44 129.38 120.81 110.93Parametric Technology, USA ƒ 474 126.60 12 17.0 37 112.92 102.48 82.26 75.11SAAB, Sweden 475 126.56 3 6.0 1 122.78 86.28 64.82 66.67Kellogg, USA ƒ 476 125.89 1 1.4 14 124.50 132.56 125.89 103.56Realtek Semiconductor, Taiwan ƒ 477 125.79 95 35.3 39 64.42 49.18 41.56 28.833Com, USA ƒ 478 125.18 -13 13.7 39 143.73 149.97 70.85 65.78Deutsche Post, Germany 479 124.71 -5 0.2 23 131.48 132.44 169.18 280.36Metso, Finland 479 124.71 16 2.0 21 107.31 98.61 85.07 85.07Dainippon Screen Mfg, Japan ƒ 481 124.67 -4 5.8 39 129.55 101.81 96.89 85.43Tatung, Taiwan ƒ 482 124.62 -24 3.1 9 164.96 117.94 114.65 31.28Medarex, USA ƒ 483 124.39 0 342.0 34 123.78 121.13 94.48 84.86Chartered Semiconductor, Singapore ƒ 484 123.71 11 10.7 39 111.12 106.24 84.90 82.27Palm, USA ƒ 485 123.25 -13 24.1 39 141.02 132.81 94.56 62.46GDF Suez, France 486 122.78 28 0.2 16 96.29 81.21 70.57 87.01Nordea Bank, Sweden 486 122.78 44 1.5 4 85.07 96.67 0.00 n/aCiena, USA ƒ 488 121.73 37 19.4 39 88.54 77.25 95.46 142.83Terumo, Japan ƒ 489 120.88 -6 5.1 19 128.85 138.30 105.42 112.79Federal-Mogul, USA ƒ 490 120.53 -3 2.5 3 124.01 112.67 92.29 95.35Clariant, Switzerland 491 120.24 -13 2.3 6 137.88 135.27 142.46 179.05JS, Japan ƒ 492 120.12 1 1.4 7 118.44 124.15 106.87 110.92East Japan Railway, Japan ƒ 493 120.07 -8 0.6 41 131.17 129.56 119.53 121.51DIC, Japan ƒ 494 119.56 0 1.4 6 118.99 114.19 122.12 114.95Benteler, Germany ƒ 495 119.20 13 1.9 17 105.67 103.44 112.14 n/aNippon Sheet Glass, Japan ƒ 496 119.05 14 1.8 7 104.81 58.49 60.96 59.19222 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data223

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Bombardier, Canada ƒ 497 118.93 23 0.9 1 96.68 120.32 121.71 83.39Idemitsu Kosan, Japan ƒ 498 118.87 11 0.4 31 106.70 107.30 88.70 79.20Marks & Spencer, UK 499 118.80 82 1.3 18 65.10 46.20 10.70 0.00RF Micro Devices, USA ƒ 500 118.78 -18 19.3 39 144.22 128.65 117.44 108.82Watson Pharmaceuticals, USA ƒ 501 118.32 17 6.7 34 100.71 91.13 87.12 89.18Synthes, Switzerland ƒ 502 118.14 14 5.3 19 103.38 87.36 79.87 76.15Yokohama Rubber, Japan ƒ 503 117.31 4 2.8 3 112.40 111.69 109.45 106.02Kuraray, Japan ƒ 504 117.01 27 3.7 6 92.10 107.95 106.45 104.99Wartsila, Finland 505 116.98 -1 2.6 21 117.94 81.98 67.77 n/aPDL BioPharma, USA ƒ 506 116.08 -20 43.0 34 144.86 185.67 119.65 85.24NTN, Japan ƒ 507 115.14 6 2.8 21 109.11 113.33 114.73 103.91Reed Elsevier, UK 508 115.00 44 2.2 26 80.00 108.00 102.00 110.00Molex, USA ƒ 509 114.06 3 4.9 9 110.66 98.00 92.92 82.79Invensys, UK 510 114.00 14 5.0 37 100.00 89.00 110.00 124.00ZF Lenksysteme, Germany 511 113.79 3 4.5 3 110.40 89.33 66.32 62.94Harley-Davidson, USA ƒ 512 113.72 -19 2.9 3 140.22 150.09 135.97 129.16Funai Electric, Japan ƒ 513 113.47 5 5.3 9 107.69 108.21 92.76 89.57Prithvi Information Solutions, India ƒ 514 113.45 45 70.8 37 78.11 46.98 n/a n/aMeiji Seika Kaisha (now Meiji), Japan ƒ 515 113.30 -7 3.6 14 122.20 127.20 129.30 128.04Casio Computer, Japan ƒ 516 113.17 -18 2.4 24 138.26 139.68 127.49 108.85AU Optronics, Taiwan ƒ 517 113.07 -9 1.3 9 124.42 100.94 103.47 106.21Krones, Germany 518 112.51 9 4.9 21 102.95 95.67 79.85 n/aChina Coal Energy, China 519 112.13 n/a 2.2 27 n/a n/a n/a n/aIntegrated Device Technology, USA ƒ 520 112.11 -3 24.3 39 115.18 115.76 88.74 72.14Shiseido, Japan ƒ 521 111.76 -10 2.0 33 123.78 126.23 128.61 134.99Swatch, Switzerland 522 111.74 5 3.0 33 106.52 96.71 97.37 103.25Teradata, USA ƒ 523 111.28 -6 9.1 37 118.93 n/a n/a n/aBio-Rad Laboratories, USA ƒ 524 110.95 14 9.0 19 97.74 85.81 80.06 75.35China Communications Construction, China 525 110.81 290 0.6 7 28.44 n/a n/a n/aMerial, UK ƒ 526 110.79 25 6.5 34 88.40 101.61 105.44 98.55Inventec, Taiwan ƒ 527 110.78 26 1.4 39 87.88 72.89 57.06 29.91Pou Chen, Taiwan ƒ 528 110.60 6 2.5 33 104.62 93.81 87.66 86.00Claas, Germany 529 109.99 4 3.5 21 105.98 96.05 57.94 52.51Eastman Chemical, USA ƒ 530 109.89 1 2.3 6 108.50 116.15 112.67 116.85PMC-Sierra, USA ƒ 531 109.64 -1 30.0 39 110.68 110.35 82.57 83.80CSL, Australia ƒ 532 109.17 18 6.3 34 92.55 78.08 70.66 49.07Burelle, France 533 108.43 17 4.1 3 92.56 101.84 101.97 40.39Anritsu, Japan ƒ 534 108.30 0 14.0 9 107.97 95.98 80.68 75.86voestalpine, Austria 535 108.28 21 1.0 22 89.81 63.81 59.46 58.01Giesecke & Devrient, Germany 536 108.23 12 6.6 38 96.57 74.34 65.37 60.92DST Systems, USA ƒ 537 107.87 -1 6.8 37 108.64 109.61 118.79 161.29Chubu Electric Power, Japan ƒ 538 107.77 -2 0.6 8 109.42 127.66 122.93 135.01Fujikura, Japan ƒ 539 107.33 14 2.1 9 94.31 94.01 93.06 84.48Huntsman, USA ƒ 540 107.11 6 1.5 6 100.64 80.26 66.42 57.73Quest Software, USA ƒ 541 106.74 25 20.9 37 85.26 76.93 61.12 54.46Cardinal Health, USA ƒ 542 106.34 49 0.2 13 71.50 68.44 81.51 39.30Polaris Software Lab, India ƒ 543 106.31 13 67.7 37 93.98 80.24 75.31 58.31CSR, UK 544 106.24 8 22.0 39 98.02 76.03 41.97 19.18National Instruments, USA ƒ 545 106.15 13 18.6 9 93.77 83.81 70.41 62.52Vilmorin, France 545 106.15 10 12.2 14 96.77 43.12 36.74 33.55Saudi Basic Industries, Saudi Arabia ƒ 547 105.84 8 0.4 6 97.96 58.49 n/a n/aSmith & Nephew, UK 548 105.72 7 4.0 19 98.76 83.46 67.00 66.00SKF, Sweden 549 105.46 29 1.9 21 81.89 79.42 74.67 70.01Reckitt Benckiser, UK 550 105.00 19 1.6 20 88.00 82.00 63.00 66.00Sanken Electric, Japan ƒ 551 104.90 7 7.4 39 98.12 86.33 82.35 74.89Tosoh, Japan ƒ 552 104.35 7 1.6 6 97.44 85.17 78.26 79.03UBE Industries, Japan ƒ 553 104.33 4 1.9 6 99.90 95.82 88.21 92.44Chiesi Farmaceutici, Italy ƒ 554 104.21 17 14.4 34 89.28 74.01 67.25 63.68Mitsubishi Gas Chemical, Japan ƒ 555 104.07 18 2.6 6 88.15 82.11 82.30 80.69Lubrizol, USA ƒ 556 104.05 1 3.0 6 103.07 94.10 93.06 75.32National Australia Bank, Australia ƒ 557 103.77 -24 2.3 4 136.26 122.69 139.66 n/aKBC, Belgium 558 103.44 138 2.2 4 43.50 75.41 27.07 n/aAvid Technology, USA ƒ 559 103.35 -1 17.6 26 104.82 98.32 77.43 66.03Trimble Navigation, USA ƒ 560 103.12 13 11.2 9 91.44 72.22 58.62 53.94BYD, China ƒ 561 102.77 13 3.8 9 90.83 28.66 28.83 22.64China South Locomotive, China 562 102.46 105 2.9 21 49.86 n/a n/a n/aSkyworks Solutions, USA ƒ 563 101.55 16 17.0 39 87.69 114.14 105.87 106.16Black & Decker, USA ƒ 564 101.54 -3 2.4 20 104.95 96.95 93.06 82.49Incyte, USA ƒ 565 101.34 39 >999 34 72.95 60.92 66.50 61.39Deutsche Borse, Germany 566 101.12 -6 3.9 11 107.60 101.51 69.90 81.11Wincor Nixdorf, Germany 567 101.05 8 4.5 37 93.36 84.53 75.41 70.48King Pharmaceuticals, USA ƒ 568 100.97 -3 9.3 34 103.93 99.87 51.48 47.25Linde, Germany 569 100.54 7 0.8 6 93.77 245.55 219.45 181.75Nextwave Wireless, USA ƒ 570 100.36 -4 115.2 39 104.08 36.73 16.09 n/aIntersil, USA ƒ 571 99.86 7 18.7 39 93.46 87.95 82.25 78.16UTStarcom, USA ƒ 572 99.80 -15 8.7 39 117.18 127.88 176.06 156.03Telenor, Norway 573 99.73 7 1.0 28 92.88 103.90 70.43 46.19Misys, UK 574 99.50 38 14.4 37 72.10 88.60 104.10 86.80Mindtree, India ƒ 575 99.47 47 56.3 37 67.45 29.48 22.97 n/aLonza, Switzerland 576 99.33 21 5.2 6 82.34 70.57 58.16 56.20Santen Pharmaceutical, Japan ƒ 577 99.30 -5 12.5 34 104.83 107.20 96.83 90.95TeliaSonera, Sweden 578 99.12 -44 1.1 12 177.75 219.09 252.87 244.77Life Technologies, USA ƒ 579 99.11 23 8.8 34 80.56 74.83 69.06 50.85Sumitomo Bakelite, Japan ƒ 580 99.06 1 5.7 6 97.84 87.54 84.73 77.79Shanghai Electric, Hong Kong ƒ 581 98.83 72 1.6 21 57.47 26.41 16.61 n/aCooper Industries, USA ƒ 582 98.62 34 2.2 9 73.52 58.08 49.73 49.10E.ON, Germany 583 98.61 48 0.1 16 66.71 26.10 23.20 53.17Sunplus Technology, Taiwan ƒ 584 98.23 9 28.7 39 90.40 78.38 59.96 43.37Veolia Environnement, France 585 98.22 12 0.3 16 87.88 72.70 60.81 60.52Lite-On Technology, Taiwan ƒ 586 97.77 23 1.8 39 79.65 78.06 61.68 49.76Electronics For Imaging, USA ƒ 587 97.68 -1 25.1 39 98.18 88.96 76.18 77.29Red Hat, USA ƒ 588 97.43 27 21.5 37 76.59 54.97 28.43 22.58Nippon Oil, Japan ƒ 589 97.39 0 0.2 31 96.92 77.52 87.78 74.31Hyundai Heavy Industries, South Korea ƒ 590 97.32 15 0.6 21 84.31 71.14 72.87 64.43GKN, UK 591 97.00 17 2.2 3 83.00 75.00 88.00 91.00Edwards Lifesciences, USA ƒ 592 96.82 14 11.2 19 85.06 79.43 68.86 60.51Mitsubishi Rayon, Japan ƒ 593 95.98 56 3.0 6 61.44 84.16 79.72 84.91Crane, USA ƒ 594 95.91 40 5.3 21 68.44 42.36 32.06 36.45Gemalto, The Netherlands 595 95.09 -7 5.9 9 102.54 85.47 48.02 45.60Almirall, Spain 596 94.93 -3 10.9 34 98.03 53.66 56.03 44.93224 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data225

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)ArvinMeritor, USA ƒ 597 94.59 10 1.9 3 86.24 123.11 121.71 108.50Varian Medical Systems, USA ƒ 598 94.31 15 6.6 19 81.66 69.83 57.08 50.15Zeon, Japan ƒ 599 94.19 5 4.1 6 90.12 70.19 68.76 65.15OSI Pharmaceuticals, USA ƒ 600 94.13 10 31.9 34 85.92 122.86 87.60 76.78Polycom, USA ƒ 601 94.09 -3 12.7 39 96.68 79.52 63.62 64.04Lanxess, Germany 602 93.77 10 1.5 6 85.07 84.11 97.64 n/aCommScope, USA ƒ 603 93.74 293 3.4 9 23.86 22.88 21.80 20.40Georg Fischer, Switzerland 604 93.45 -1 3.2 21 94.10 85.60 81.03 74.50Danisco, Denmark 605 93.39 0 3.9 14 93.39 104.30 108.98 66.38NGK Insulators, Japan ƒ 606 93.35 15 3.3 17 81.12 73.54 81.75 96.72SNCF, France 607 92.81 25 0.4 23 74.44 63.81 53.17 n/aQLogic, USA ƒ 608 92.68 -1 21.0 39 93.66 94.11 62.42 66.67Orion, Finland 609 92.42 6 13.5 34 87.01 75.99 n/a n/aSalzgitter, Germany 609 92.42 65 0.8 22 55.88 56.36 55.59 55.10Chunghwa Picture Tubes, Taiwan ƒ 611 92.25 -30 3.7 9 131.36 83.67 74.96 67.45Daicel Chemical Industries, Japan ƒ 612 92.10 2 2.9 6 89.90 86.10 86.08 85.05Toto, Japan ƒ 613 92.08 2 2.4 7 90.17 89.94 90.43 87.21Ingersoll-Rand, Bermuda ƒ 614 91.53 2 1.0 21 89.44 122.06 112.95 103.77BE Aerospace, USA ƒ 615 91.39 3 6.2 1 88.96 61.62 45.63 38.32Bruker, USA ƒ 616 91.04 127 11.8 19 40.18 33.91 27.30 28.53Italtel, Italy 617 90.81 -9 20.1 39 99.97 101.43 87.86 60.55Symrise, Germany 618 90.76 13 7.1 6 80.10 75.72 85.51 n/aNippon Mining, Japan ƒ 619 90.22 17 0.3 31 77.09 74.01 61.87 0.00Smith International, USA ƒ 620 90.00 17 1.2 32 76.99 61.41 51.19 46.74Emulex, USA ƒ 621 89.88 10 26.5 39 81.95 62.37 55.62 50.92Unisys, USA ƒ 622 89.72 -28 2.5 37 124.50 234.46 270.97 287.87Myriad Genetics, USA ƒ 623 89.68 45 38.6 34 61.81 48.75 33.50 25.97Mitsubishi Materials, Japan ƒ 624 89.59 5 0.7 22 85.26 83.32 80.17 86.18Logitech International, Switzerland ƒ 625 89.55 3 5.8 39 86.62 75.29 61.17 51.40Oji Paper, Japan ƒ 626 89.00 2 0.9 15 87.47 94.37 88.24 92.07Tyco International, Bermuda ƒ 627 88.33 5 0.6 17 84.16 77.90 581.44 545.28Zymogenetics, USA ƒ 628 88.11 -11 171.2 34 99.00 89.34 69.28 65.58Cubist Pharmaceuticals, USA ƒ 629 88.10 49 29.2 34 59.24 39.93 34.06 38.91Dexia, Belgium 630 87.97 -5 2.6 4 92.81 68.64 46.40 6.77Korber, Germany ƒ 630 87.97 6 5.2 17 83.14 91.84 n/a n/aKissei Pharmaceutical, Japan ƒ 632 87.17 8 18.5 34 80.36 81.13 75.91 75.39Conexant Systems, USA ƒ 633 87.05 -55 24.9 39 193.83 187.60 186.39 166.90Hisamitsu Pharmaceutical, Japan ƒ 634 86.20 n/a 9.4 34 n/a n/a n/a n/aVeriSign, USA ƒ 635 85.87 -35 7.9 37 132.21 89.96 66.31 46.84Endress & Hauser, Switzerland 636 85.84 18 7.3 9 73.04 76.40 71.75 67.85Nippon Shokubai, Japan ƒ 637 85.77 1 3.7 6 85.34 77.65 73.11 72.31Tokuyama, Japan ƒ 638 85.64 4 3.6 6 82.54 72.10 68.03 67.14Brunswick, USA ƒ 639 84.99 -9 2.6 24 93.55 91.95 100.64 91.18Atheros Communications, USA ƒ 640 84.55 20 25.7 39 70.20 49.44 33.24 29.70Leoni, Germany 641 84.12 58 3.0 9 53.16 43.98 43.11 42.67Itron, USA ƒ 642 83.95 27 6.3 9 66.02 40.88 32.36 30.87Toyobo, Japan ƒ 643 83.46 4 2.5 6 80.00 77.33 70.60 69.38Ineos, UK ƒ 644 83.14 10 0.3 6 75.50 18.56 9.47 9.47Newell Rubbermaid, USA ƒ 645 83.11 7 1.8 20 77.34 70.94 71.64 73.79Kyorin, Japan ƒ 646 83.07 26 13.4 34 66.05 77.55 97.43 63.06Ebara, Japan ƒ 647 82.96 -5 1.9 21 87.14 83.50 76.68 84.13Citizen, Japan ƒ 648 82.87 -22 3.2 9 105.75 84.95 78.39 72.62Ibiden, Japan ƒ 649 82.76 24 2.6 9 66.78 52.18 45.88 38.04Nippon Kayaku, Japan ƒ 650 82.67 -1 7.4 6 83.61 79.94 72.88 65.63Johnson Matthey, UK 651 82.50 21 1.1 6 68.10 63.50 58.80 53.10Advanced Semiconductor Engineering, Taiwan ƒ 652 82.16 18 4.1 39 69.60 55.78 59.03 54.77Old Mutual, UK 653 82.00 -9 n/a 25 90.00 56.00 40.00 5.00Krka, Slovenia 654 81.93 43 8.9 34 57.11 50.90 38.78 33.78HORIBA, Japan ƒ 655 81.81 13 7.9 9 72.69 62.77 50.28 43.24SEI Investments, USA ƒ 656 81.72 -17 9.4 11 98.69 96.75 88.12 66.07Ruag, Switzerland 657 80.64 46 8.0 1 55.28 49.79 31.30 28.36Techtronic Industries, Hong Kong ƒ 658 80.43 21 3.4 9 66.43 55.74 56.56 34.98Microchip Technology, USA ƒ 659 80.35 -4 12.8 39 84.06 79.08 66.02 64.71Borealis, Austria 660 80.24 69 1.2 6 47.37 43.50 39.64 39.64Repsol YPF, Spain 660 80.24 8 0.1 31 74.44 69.61 60.91 n/aCemex, Mexico ƒ 662 80.07 n/a 0.7 7 n/a n/a n/a n/aMicronas Semiconductor, Switzerland 662 80.07 -35 20.5 39 123.12 115.26 99.78 83.73Lloyds TSB (now Lloyds Banking), UK 664 80.00 70 1.1 4 47.00 51.00 40.00 18.00Campbell Soup, USA ƒ 665 79.98 3 1.4 14 77.90 68.86 66.07 64.68Nuance Communications, USA ƒ 666 79.97 44 13.2 37 55.66 41.32 27.26 18.35Rieter, Switzerland 667 79.92 -13 3.9 21 92.20 94.62 94.56 88.48Eberspaecher, Germany ƒ 668 79.85 18 3.7 3 67.87 61.39 64.19 63.52Rhodia, France 669 79.27 -27 1.7 6 108.28 114.08 129.54 135.34RealNetworks, USA ƒ 670 79.07 11 18.8 37 71.45 53.82 49.19 36.21Getinge, Sweden 671 78.63 42 4.6 19 55.32 42.25 36.27 24.46Lear, USA ƒ 672 78.59 -16 0.8 3 93.62 118.10 121.02 137.43NSK, Japan ƒ 673 78.57 1 1.3 38 77.49 74.64 75.24 66.92Fairchild Semiconductor, USA ƒ 674 78.52 3 7.2 39 76.37 74.77 53.97 57.03adidas, Germany 675 78.31 -4 0.8 33 81.21 94.74 60.91 85.07Zoran, USA ƒ 676 78.29 -1 25.7 39 78.69 68.93 61.92 55.07Assa Abloy, Sweden 677 78.28 15 2.5 7 68.25 63.24 51.72 43.98Arris, USA ƒ 678 78.27 58 9.8 39 49.54 45.93 41.82 44.08Osaka Gas, Japan ƒ 679 78.10 3 0.8 16 76.01 86.89 87.50 94.98Topcon, Japan ƒ 680 78.09 8 9.2 19 72.31 59.18 n/a n/aHamamatsu Photonics, Japan ƒ 681 77.96 5 10.3 9 74.43 70.44 67.88 67.30Inverness Medical Innovations, USA ƒ 682 77.78 61 6.7 19 48.37 37.33 21.56 22.22Qisda, Taiwan ƒ 683 77.54 -12 2.2 39 87.80 318.32 163.31 95.86Stora Enso, Finland 684 77.53 -21 0.7 15 98.22 78.98 88.65 81.40Varian Semiconductor Equipment, USA ƒ 685 77.37 7 13.3 39 72.35 63.02 54.01 47.10Clorox, USA ƒ 686 77.20 3 2.1 20 75.12 68.86 61.21 58.42Danske Bank, Denmark 687 77.16 20 1.0 4 64.17 58.45 53.91 35.33Seattle Genetics, USA ƒ 687 77.16 71 314.9 34 45.09 27.92 24.12 25.74ARM, UK 689 76.73 4 25.7 39 73.78 74.70 70.22 52.50Endo Pharmaceuticals, USA ƒ 690 76.65 -20 8.7 34 96.16 57.59 61.42 35.16USEC, USA ƒ 690 76.65 -13 6.8 22 88.54 73.38 65.73 40.69Minebea, Japan ƒ 692 76.34 11 3.0 21 69.05 69.42 76.82 73.96Tokyo Gas, Japan ƒ 692 76.34 -3 0.7 16 78.85 72.12 63.95 85.52KWS SAAT, Germany 694 76.33 7 13.2 14 71.20 71.23 68.97 0.00Salesforce.com, USA ƒ 695 76.32 47 10.2 37 52.07 n/a n/a n/aRigel Pharmaceuticals, USA ƒ 696 76.28 90 n/a 34 40.18 16.34 24.70 n/a226 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data227

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Moog, USA ƒ 697 76.23 7 5.8 1 71.36 47.91 30.30 20.68THQ, USA ƒ 698 75.95 -15 13.2 24 89.63 67.54 58.59 50.74Sumco, Japan ƒ 699 75.91 -9 2.5 39 83.09 53.07 34.91 32.71Winbond Electronics, Taiwan ƒ 700 75.68 -28 13.9 39 105.73 99.78 123.86 100.84Sumitomo Heavy Industries, Japan ƒ 701 75.64 15 1.5 21 65.98 57.09 48.47 48.05Sirf Technology, USA (now part of CSR, UK) ƒ 702 75.61 12 46.8 39 67.26 52.21 26.21 15.49Yamatake, Japan ƒ 703 75.53 12 4.0 9 67.34 64.14 62.69 62.14Barco, Belgium 704 75.37 -4 10.0 9 78.62 76.63 70.89 66.71PerkinElmer, USA ƒ 705 75.16 -3 5.6 9 77.63 69.36 60.77 60.54Kyushu Electric Power, Japan ƒ 706 75.13 3 0.7 8 72.92 75.10 75.62 81.92EPCOS, Germany 707 75.06 21 5.3 9 62.03 74.13 67.96 68.37Yaskawa Electric, Japan ƒ 708 74.73 16 2.5 9 64.58 61.94 59.37 58.11TIBCO Software, USA ƒ 709 74.14 15 16.5 37 64.63 59.76 50.87 42.50Kajima, Japan ƒ 710 73.97 6 0.5 7 70.00 73.01 76.92 85.15Toyo Tire, Japan ƒ 711 73.80 0 2.7 3 73.72 77.12 75.12 73.30Glory, Japan ƒ 712 73.78 3 5.2 21 71.58 72.69 100.11 91.01Software, Germany 713 73.69 16 10.6 37 63.71 43.37 41.76 47.37Open Text, Canada ƒ 714 73.65 34 14.6 37 54.99 41.16 45.31 30.34International Rectifier, USA ƒ 715 73.59 -14 10.7 39 85.40 77.49 72.94 64.10Medicines, USA ƒ 716 73.53 37 30.4 34 53.73 44.19 44.78 34.28Air Products and Chemicals, USA ƒ 717 73.52 -25 1.0 6 97.51 105.30 92.29 88.12Nektar Therapeutics, USA ƒ 718 73.37 56 117.0 34 47.05 64.74 48.73 30.84F5 Networks, USA ƒ 719 73.09 52 16.2 39 48.01 34.20 21.80 16.94Infogrames Entertainment (now Atari), France 719 73.09 47 26.0 37 49.79 78.02 82.85 106.83OneSteel, Australia ƒ 721 72.88 129 2.0 22 31.86 26.57 20.37 13.00ASM International, The Netherlands ƒ 722 72.52 -9 10.0 39 79.85 87.59 97.32 82.05KPN, The Netherlands 723 72.51 -19 0.5 12 89.91 16.44 19.34 23.20Smiths, UK 724 72.50 -42 3.1 17 125.80 216.60 160.50 136.80Gsi Commerce, USA ƒ 725 72.32 58 10.8 37 45.83 31.56 19.78 14.04SCI Entertainment (now Eidos), UK 726 72.20 5 54.0 24 68.50 57.40 21.07 9.79Abraxis Bioscience, USA ƒ 727 72.05 17 30.0 34 61.70 63.08 44.71 17.94NicOx, France 728 71.83 61 >999 34 44.58 27.62 17.38 10.10Shimano, Japan ƒ 729 71.77 16 4.0 24 61.67 53.98 64.82 46.57IMMSI, Italy 730 71.75 4 4.3 3 69.32 64.76 82.88 37.41Verigy, Singapore ƒ 731 71.64 13 14.9 39 63.29 n/a n/a n/aMillipore, USA ƒ 732 71.36 -4 6.4 19 74.42 60.24 45.94 43.46Taisei, Japan ƒ 733 71.31 2 0.5 7 69.96 72.02 69.01 72.42Mettler-Toledo International, Switzerland ƒ 734 71.14 11 5.2 21 64.25 57.59 56.96 57.88Semiconductor Manufacturing, China ƒ 735 71.11 5 7.6 39 67.49 65.50 54.85 54.37DEUTZ, Germany 736 70.96 13 4.9 21 62.74 64.29 60.90 67.19Sysmex, Japan ƒ 737 70.75 2 8.3 19 69.25 62.79 49.94 42.58Iberdrola, Spain 738 70.67 12 0.3 8 62.84 54.14 52.20 n/aCompuware, USA ƒ 739 70.61 -11 9.3 37 79.07 94.26 110.45 120.10Ssangyong Motor, South Korea ƒ 739 70.61 -19 4.1 3 86.82 95.88 n/a n/aCobham, UK 741 70.60 28 4.8 1 55.20 49.30 42.90 37.90Tohoku Electric Power, Japan ƒ 742 70.53 2 0.5 8 69.33 72.51 79.35 73.18Interdigital, USA ƒ 743 70.42 16 44.3 39 60.61 45.51 43.88 35.62Silicon Laboratories, USA ƒ 744 70.39 13 24.4 39 62.12 84.65 70.40 52.11Nok, Japan ƒ 745 70.20 14 1.7 3 61.39 n/a n/a n/aPliva, Croatia 746 70.08 -7 10.1 34 75.76 84.06 89.96 75.13RSA Insurance, UK 747 70.00 37 1.0 30 51.00 94.00 122.00 117.00Tekelec, USA ƒ 748 69.98 9 21.8 39 64.14 103.24 87.40 68.29Sick, Germany 749 69.69 8 9.8 9 64.40 55.24 52.00 45.29ALTANA, Germany 750 69.67 7 5.4 6 65.19 478.23 449.49 430.25Powerchip Semiconductor, Taiwan ƒ 751 69.65 18 6.0 39 59.01 54.02 36.47 22.22Asahi Breweries, Japan ƒ 752 69.63 5 0.6 5 66.19 65.10 63.62 63.82Illumina, USA ƒ 753 69.53 35 17.4 34 51.43 22.32 18.02 13.29Medicis Pharmaceutical, USA ƒ 754 69.49 153 19.3 34 27.42 112.56 45.68 11.47Schott, Germany 755 69.10 -8 3.2 7 75.18 103.49 83.53 116.01GN Store Nord, Denmark 756 68.97 -1 9.4 39 70.01 51.83 33.90 44.68Acciona, Spain 757 68.93 83 0.6 7 37.72 21.85 3.95 4.14Bang & Olufsen, Denmark 758 68.83 7 13.0 24 64.10 66.52 65.18 59.24Yakult Honsha, Japan ƒ 759 68.69 33 2.8 14 51.75 53.45 51.98 49.54Macronix International, Taiwan ƒ 760 68.41 0 13.2 39 68.67 63.36 61.61 53.41Gameloft, France 761 68.31 30 64.0 37 52.57 39.84 27.55 n/aTaiyo Yuden, Japan ƒ 762 68.20 8 3.7 39 62.97 54.45 58.17 60.65NHK Spring, Japan ƒ 763 68.05 3 1.8 21 66.22 19.69 20.95 24.12Qiagen, The Netherlands ƒ 764 67.69 54 10.9 34 43.91 28.35 27.19 23.76Valeant Pharmaceuticals, USA ƒ 765 67.52 -7 12.2 34 72.68 76.24 79.12 64.33Shimadzu, Japan ƒ 766 67.48 2 3.0 9 65.99 61.60 60.71 55.02Praxair, USA ƒ 767 67.46 -1 0.9 6 68.16 60.51 55.64 53.55Avocent, USA ƒ 768 67.27 10 14.7 39 61.13 44.42 39.56 31.54TPO Displays, Taiwan ƒ 769 67.20 19 9.5 9 56.34 52.58 30.12 28.46Valspar, USA ƒ 770 67.15 7 2.8 6 62.82 57.45 55.14 52.78Cymer, USA ƒ 771 67.09 18 21.0 39 56.92 51.38 44.53 40.65Hyundai Mobis, South Korea ƒ 772 66.99 31 0.9 3 51.28 44.93 37.45 32.41Gedeon Richter, Hungary 773 66.92 2 7.8 34 65.68 52.68 45.90 38.58Chunghwa Telecom, Taiwan ƒ 774 66.63 22 1.6 12 54.81 59.85 54.70 52.48Midway Games, USA ƒ 775 66.34 -8 43.4 24 72.46 73.98 75.63 51.67Bekaert, Belgium 776 66.26 21 2.6 22 54.81 47.91 43.48 52.12Bharat Heavy Electricals, India ƒ 777 66.20 84 2.4 21 35.93 21.66 17.87 14.86Lukoil, Russia ƒ 778 66.07 58 0.1 31 41.73 n/a n/a n/aMochida Pharmaceutical, Japan ƒ 779 65.90 4 11.5 34 63.32 n/a n/a 0.00Ulvac, Japan ƒ 780 65.88 -3 3.6 9 68.02 54.22 48.97 37.16Enel, Italy 781 65.74 89 0.1 8 34.80 26.10 19.34 0.97Shimizu, Japan ƒ 782 65.45 -1 0.5 7 66.11 59.84 55.81 59.10Lion, Japan ƒ 783 65.39 -3 2.5 33 67.10 60.78 65.26 60.19Avery Dennison, USA ƒ 784 65.38 -2 1.4 6 66.42 61.14 59.40 57.24Schindler, Switzerland 785 65.35 -8 0.7 21 71.23 72.54 71.88 74.50Ingenico, France 786 65.31 46 9.3 9 44.65 41.49 47.02 31.34FMC, USA ƒ 787 65.24 -1 3.0 6 65.80 67.40 65.66 64.96Japan Aviation Electronics Industry, Japan ƒ 788 65.15 1 5.4 1 64.34 61.64 60.78 57.90William Demant, Denmark 789 64.69 7 9.3 19 60.41 54.39 49.69 42.11Japan Radio, Japan ƒ 790 64.68 19 6.4 9 54.57 100.57 143.99 153.45ProMOS Technologies, Taiwan ƒ 791 64.65 -11 9.9 39 72.38 51.84 58.49 50.43Wabco, USA ƒ 792 64.61 10 3.6 3 58.56 n/a n/a n/aBiovail, Canada ƒ 793 64.57 -2 12.3 34 65.58 52.20 42.07 34.80Tomkins, UK 794 64.47 24 1.7 17 51.90 52.80 46.70 51.30Cell Genesys, USA ƒ 795 64.37 -13 97.9 34 73.82 67.01 64.27 64.08LFB, France ƒ 796 64.35 n/a 18.9 34 n/a n/a n/a n/a228 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data229

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Kemira, Finland 797 64.19 9 2.3 6 58.78 49.59 41.67 43.99Samsung Techwin, South Korea ƒ 798 64.04 17 3.4 24 54.55 n/a n/a n/aFinisar, USA ƒ 799 64.03 20 17.0 39 53.24 44.90 36.10 43.68Cadbury, UK 800 64.00 8 0.9 14 59.00 69.00 58.00 58.00Oshkosh, USA ƒ 801 63.99 21 1.3 21 52.72 29.26 23.23 19.17Denki Kagaku Kogyo, Japan ƒ 802 63.98 -5 2.5 6 67.58 64.77 65.05 66.68Disco, Japan ƒ 803 63.93 30 9.1 39 49.22 48.75 48.00 20.36Mitsui Mining & Smelting, Japan ƒ 804 63.79 13 1.4 22 56.46 46.18 45.12 22.70Energizer, USA ƒ 805 63.78 30 2.1 9 49.17 51.61 48.62 51.47Kpit Cummins Infosystems, India ƒ 806 63.77 20 56.3 37 53.25 41.17 29.43 23.76Check Point Software Technologies, Israel ƒ 807 63.73 13 11.3 37 56.32 43.27 36.02 27.85TriQuint Semiconductor, USA ƒ 808 63.62 40 16.0 39 45.46 34.97 32.48 42.27Serco, UK 809 63.60 -16 2.0 38 75.50 77.30 45.30 38.40Commonwealth Bank of Australia, Australia 810 63.52 19 0.9 4 53.34 n/a n/a n/aBobst, Switzerland 811 63.13 6 5.9 21 59.40 59.79 59.53 57.83Keyence, Japan ƒ 812 62.74 21 4.1 9 51.79 45.71 36.82 32.51Basilea Pharmaceutica, Switzerland ƒ 813 62.57 -17 812.8 34 75.60 54.11 47.31 45.04FLIR Systems, USA ƒ 813 62.57 24 8.4 1 50.40 42.14 35.83 31.85Netflix, USA ƒ 815 62.51 26 6.6 41 49.66 20.50 24.61 12.26Wendel, France 816 62.36 23 1.1 11 50.66 35.20 16.14 11.30Autonomy, UK 817 62.30 29 17.8 37 48.19 38.15 15.25 9.92Tokyo Ohka Kogyo, Japan ƒ 818 62.11 25 7.9 6 49.77 43.60 44.50 51.75Israel, Israel 819 61.90 82 0.4 17 34.08 28.73 25.04 26.52Ranbaxy Laboratories, India ƒ 820 61.59 0 5.8 34 61.81 56.67 70.31 57.95Electric Power Development, Japan ƒ 821 61.54 25 1.4 8 49.22 52.20 48.96 51.81Nippon Paint, Japan ƒ 821 61.54 14 3.1 6 54.14 52.37 53.92 56.88Progress Software, USA ƒ 823 61.06 9 17.0 37 55.88 53.74 43.87 42.20Himax Technologies, Cayman Islands ƒ 824 60.91 >999 10.5 39 1.57 1.29 0.88 16.71Nexans, France 824 60.91 5 0.9 9 58.01 53.17 50.27 45.44Roper Industries, USA ƒ 826 60.79 29 3.8 9 47.23 40.76 37.21 26.92Swisscom, Switzerland 827 60.77 24 0.8 12 49.01 30.71 36.59 43.13Xyratex, Bermuda ƒ 828 60.74 n/a 8.3 39 n/a n/a n/a n/aTokai Rubber Industries, Japan ƒ 829 60.68 5 2.5 6 57.63 54.90 51.58 51.10Nippon Shinyaku, Japan ƒ 830 60.60 -4 13.3 34 62.92 77.27 65.06 63.40Novatek Microelectronics, Taiwan ƒ 831 60.47 78 10.9 9 33.95 28.85 25.41 n/aLottomatica, Italy 832 60.42 84 3.0 41 32.77 15.37 n/a n/aDaiwa House Industry, Japan ƒ 833 60.38 9 0.5 20 55.42 47.49 43.83 43.48Esterline Technologies, USA ƒ 834 60.37 23 5.9 1 49.06 36.59 29.38 19.28Juki, Japan ƒ 835 60.36 16 6.0 21 52.10 42.16 37.21 35.79Norsk Hydro, Norway 836 60.20 20 0.7 22 50.36 72.21 71.12 75.49Sorin, Italy 837 60.09 -2 8.2 19 61.40 55.17 48.00 52.20InterMune, USA ƒ 838 60.03 -19 178.9 34 73.68 72.60 57.54 56.56Ecolab, USA ƒ 839 59.81 4 1.4 6 57.45 50.98 47.55 42.75L-3 Communications, USA ƒ 839 59.81 -7 0.6 1 64.54 60.02 45.70 49.52Regeneron Pharmaceuticals, USA ƒ 841 59.68 -18 36.0 34 73.04 59.76 71.73 n/aPace, UK 842 59.58 62 8.0 39 36.87 31.33 28.77 23.98Sealed Air, USA ƒ 843 59.54 -6 1.8 17 63.15 54.39 52.72 50.91Meggitt, UK 844 59.40 12 5.1 1 52.90 37.50 30.77 27.65Lawson Software, USA ƒ 845 59.38 0 10.0 37 59.34 42.23 43.23 45.13Zebra Technologies, USA ƒ 846 59.20 48 8.7 9 40.06 34.05 31.99 25.80American Axle & Manufacturing, USA ƒ 847 59.12 6 4.0 3 55.92 57.87 51.19 47.71Stada Arzneimittel, Germany 848 59.09 24 3.7 34 47.59 38.07 33.33 25.22OmniVision Technologies, USA ƒ 849 59.04 7 16.7 39 55.20 47.00 28.22 17.73DnB NOR, Norway 850 59.00 92 1.7 4 30.69 31.69 21.75 4.67Silicon Image, USA ƒ 851 58.99 9 30.9 39 54.25 44.23 31.20 54.29Fidelity National Information, USA ƒ 852 58.98 -20 1.9 38 73.94 73.43 78.94 51.62Affymetrix, USA ƒ 853 58.97 10 20.7 34 53.72 60.02 54.18 51.55Applied Micro Circuits, USA ƒ 854 58.90 -13 39.5 39 67.85 67.06 63.35 84.90Tokyo Seimitsu, Japan ƒ 855 58.77 0 8.3 39 58.60 60.76 48.34 42.43Wind River Systems, USA (now part of Intel) ƒ 856 58.35 3 23.3 37 56.64 51.09 45.59 42.23ADC Telecommunications, USA ƒ 857 58.08 20 5.6 39 48.41 50.36 49.80 41.10Toyo Ink Manufacturing, Japan ƒ 858 57.95 173 2.9 6 21.20 21.65 25.23 61.52BIAL, Portugal ƒ 859 57.76 73 40.8 34 33.47 7.74 n/a n/aGalenica, Switzerland 860 57.70 101 3.3 34 28.68 30.42 34.88 26.99Sauer-Danfoss, USA ƒ 861 57.67 18 4.0 21 49.07 43.04 40.81 36.11Alfa Laval, Sweden 862 57.52 11 2.3 21 51.89 46.27 39.39 34.99WR Grace, USA ƒ 862 57.52 4 2.5 6 55.36 44.37 41.17 35.54Tencent, China 864 57.36 81 7.9 37 31.74 30.31 16.57 5.62Sasol, South Africa 865 57.25 10 0.6 31 51.91 15.42 17.08 29.72Biomet, USA ƒ 866 57.17 -13 3.9 19 65.67 59.06 55.43 45.13GEA, Germany 867 57.13 18 1.1 21 48.54 46.18 57.00 55.02STX Engine, South Korea ƒ 868 57.10 51 6.9 21 37.72 24.95 n/a n/aSpectris, UK 869 57.00 26 7.2 9 45.20 44.70 44.90 43.40ADTRAN, USA ƒ 870 56.91 9 16.3 39 52.42 49.17 43.58 46.87Recordati, Italy 871 56.90 20 8.5 34 47.49 43.89 43.46 36.07Adeka, Japan ƒ 872 56.89 6 3.9 6 53.82 51.07 49.76 46.95NewMarket, USA ƒ 873 56.86 6 5.1 6 53.44 48.87 45.48 45.46Aristocrat Leisure, Australia ƒ 874 56.81 12 10.8 41 50.51 46.17 31.90 28.63Cytec Industries, USA ƒ 875 56.75 8 2.2 6 52.65 51.40 47.64 27.82Waters, USA ƒ 875 56.75 1 5.2 19 56.09 53.77 46.53 45.38Synta Pharmaceuticals, USA ƒ 877 56.74 26 >999 34 45.09 35.13 41.66 26.40Alliant Techsystems, USA ƒ 878 56.70 19 1.8 1 47.53 42.80 35.82 26.38Hologic, USA ƒ 879 56.63 83 4.9 19 30.94 19.68 12.95 11.59Altus Pharmaceuticals, USA ƒ 880 56.61 93 >999 34 29.27 31.44 12.84 10.47Lexicon Pharmaceuticals, USA ƒ 880 56.61 45 251.8 34 39.12 26.65 16.73 28.41SCA, Sweden 882 56.47 1 0.6 15 55.76 52.77 54.27 57.70Kone, Finland 883 56.36 15 1.3 21 49.01 48.63 40.94 65.04Hydro-Quebec, Canada ƒ 884 56.34 0 0.8 8 56.34 55.21 54.09 n/aEstee Lauder, USA ƒ 885 56.27 9 1.0 33 51.75 50.08 50.29 46.74Zeltia, Spain 886 56.16 12 55.2 34 49.97 48.05 44.16 35.49Nissin Kogyo, Japan ƒ 887 56.11 6 3.6 3 52.71 48.85 46.72 42.59Dowa, Japan ƒ 888 56.08 67 1.5 27 33.64 28.70 22.97 20.64Modine Manufacturing, USA ƒ 888 56.08 -13 5.1 3 64.82 57.38 33.76 22.26Eramet, France 890 56.07 57 1.3 22 35.77 33.84 30.94 31.90Gen-Probe, USA ƒ 891 56.00 0 17.0 34 56.01 47.72 32.00 28.77TietoEnator (now Tieto), Finland 892 55.97 -13 3.1 37 64.68 70.09 56.36 42.44Infinera, USA ƒ 893 55.94 32 15.5 39 42.32 27.10 17.38 n/aCaixa Geral de Depositos, Portugal 894 55.86 42 1.6 4 39.34 32.78 50.05 31.04Investment Technology, USA ƒ 895 55.85 16 10.5 11 48.20 39.71 25.94 21.91VeriFone, USA ƒ 896 55.73 10 8.7 39 50.89 34.32 29.69 25.22230 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data231

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Celanese, USA ƒ 897 55.64 10 1.2 6 50.77 48.69 63.29 86.36CGGVeritas, France 898 55.59 -3 2.2 32 57.52 47.95 37.99 32.39WMS Industries, USA ƒ 899 55.57 38 12.3 41 40.41 34.08 34.98 31.16Nice Systems, Israel ƒ 900 55.45 31 12.8 37 42.17 32.07 22.05 18.20Eclipsys, USA ƒ 901 55.37 2 15.4 37 54.04 50.13 50.03 50.97Aastra Technologies, Canada ƒ 902 55.21 79 11.8 39 30.78 33.60 28.70 13.30Intuitive Surgical, USA ƒ 903 55.20 62 9.1 19 33.98 20.71 12.07 12.39Orexigen Therapeutics, USA ƒ 904 55.13 58 >999 34 34.95 15.71 6.63 n/aDiebold, USA ƒ 905 54.99 7 2.5 39 51.43 49.38 42.02 41.74Hyosung, South Korea ƒ 906 54.94 32 1.0 17 41.53 34.34 28.15 n/aMeiji Dairies, Japan (now part of Meiji) ƒ 907 54.65 -6 1.0 14 58.08 56.76 57.99 56.96MKS Instruments, USA ƒ 908 54.63 9 12.1 39 50.20 48.48 38.89 39.63Showa, Japan ƒ 909 54.60 2 2.5 3 53.42 57.03 50.65 60.04Fair Isaac, USA ƒ 910 54.32 11 10.5 37 49.10 59.10 56.54 49.44Bank of Ireland, Ireland 911 54.14 -16 1.6 4 64.77 79.27 87.01 0.00Cognis Deutschland, Germany 911 54.14 -13 1.4 6 61.87 61.87 88.94 63.81Fagor Electrodomesticos, Spain 911 54.14 37 3.5 20 39.64 4.61 6.54 2.76Powerwave Technologies, USA ƒ 914 54.01 -9 8.7 9 59.11 49.52 42.45 32.82Polaris Industries, USA ƒ 915 53.88 5 4.0 24 51.18 51.39 47.40 42.22Buhler, Switzerland 916 53.78 11 4.3 21 48.62 42.54 41.10 n/aTenaris, Luxembourg 917 53.76 25 0.6 32 42.91 32.62 24.13 18.29MiTAC International, Taiwan ƒ 918 53.71 -1 3.9 9 54.07 48.43 40.72 28.27Credence Systems, USA (now part of LTX-Credence) ƒ 919 53.66 -16 16.7 39 63.55 64.36 56.01 51.13Foundry Networks, USA(now part of Brocade Communications) ƒ920 53.59 9 12.7 39 49.14 35.67 30.54 28.15Vivus, USA ƒ 921 53.55 189 75.3 34 18.56 9.26 11.83 12.99Daifuku, Japan ƒ 922 53.43 -8 3.0 21 58.04 58.54 38.13 32.47Blue Coat Systems, USA ƒ 923 53.33 49 17.2 37 35.88 27.74 18.63 11.51Obayashi, Japan ƒ 924 53.31 2 0.4 7 52.12 55.29 60.52 n/aSalix Pharmaceuticals, USA ƒ 925 53.30 11 42.9 34 48.01 33.33 24.03 14.17Trelleborg, Sweden 925 53.30 19 1.9 17 44.68 53.65 57.96 54.44Orbotech, Israel ƒ 927 53.28 13 17.8 9 47.24 42.06 39.45 33.38PUMA, Germany 928 53.27 -4 2.2 33 55.59 54.81 40.60 35.67Amada, Japan ƒ 929 53.06 9 2.4 21 48.89 40.68 48.95 54.94Rambus, USA ƒ 930 53.01 -8 53.5 39 57.64 47.97 28.50 22.69British Sky Broadcasting, UK 931 53.00 23 1.1 26 43.00 20.00 6.00 0.00Advanced Medical Optics (now Abbott Medical Optics),USA (now part of Abbott Laboratories) ƒ932 52.81 -7 6.4 19 56.92 45.97 42.88 31.73Kinetic Concepts, USA ƒ 933 52.75 50 4.0 19 35.15 25.52 21.29 21.78Sanden, Japan ƒ 934 52.68 9 2.6 3 48.38 47.33 37.92 34.00Koenig & Bauer, Germany 935 52.40 -11 3.5 21 59.17 61.10 53.56 56.17Dyson James, UK ƒ 936 52.35 3 8.6 20 50.92 35.55 19.42 14.78Hankook Tire, South Korea ƒ 937 52.34 -1 2.1 3 52.78 41.42 39.80 33.30Kaken Pharmaceutical, Japan ƒ 938 52.24 4 8.5 34 50.13 46.39 48.12 48.80Amer Sports, Finland 939 52.20 -4 3.4 24 54.33 56.56 38.09 30.26Hanjin Heavy Industries, South Korea ƒ 940 52.09 -23 2.5 7 67.81 n/a n/a n/aAirvana, USA ƒ 941 52.04 -2 54.2 39 53.30 38.30 29.85 n/aDoosan Infracore, South Korea ƒ 942 51.81 15 2.2 21 45.11 36.11 n/a n/aMicro-Star International, Taiwan ƒ 943 51.73 23 2.4 39 42.14 37.31 33.43 34.18Roland, Japan ƒ 944 51.72 -1 6.2 24 52.45 48.21 n/a n/aCNOOC, Hong Kong ƒ 945 51.69 5 0.4 31 49.16 38.44 40.94 27.37Coherent, USA ƒ 946 51.67 0 12.4 9 51.88 50.81 40.02 43.45Standard Microsystems, USA ƒ 947 51.59 4 22.8 39 49.84 46.31 40.53 29.90Kongsberg Gruppen, Norway 948 51.55 16 4.7 1 44.30 33.48 19.67 31.49West Japan Railway, Japan ƒ 949 51.53 5 0.5 41 49.13 51.94 47.34 46.24Cabot, USA ƒ 950 51.47 7 2.3 6 47.99 40.34 41.04 36.86Fiserv, USA ƒ 950 51.47 30 1.5 38 39.64 42.22 34.78 33.25Nalco, USA ƒ 950 51.47 12 1.8 38 45.76 42.84 40.76 39.30Samsung C&T, South Korea ƒ 953 51.42 23 0.5 9 41.91 32.48 n/a n/aDSP, USA ƒ 954 51.37 26 24.2 39 40.68 33.05 28.02 22.36TerreStar, USA ƒ 955 51.16 71 n/a 28 29.95 7.34 1.61 n/aWoodward Governor, USA ƒ 956 51.06 12 5.8 21 45.41 41.63 34.77 27.86Bucher Industries, Switzerland 957 51.04 10 2.8 21 46.46 42.67 41.43 35.35Avio, Italy 958 50.93 -9 3.2 1 56.02 62.16 51.61 53.03HeidelbergCement, Germany 959 50.85 12 0.4 7 45.44 43.50 41.57 42.54Onyx Pharmaceuticals, USA ƒ 960 50.81 187 37.6 34 17.68 21.55 43.90 24.58Hexion Specialty Chemicals, USA ƒ 961 50.77 4 1.2 6 48.69 47.99 43.12 13.73Husqvarna, Sweden 962 50.66 20 1.8 21 42.31 33.95 n/a n/aSonova, Switzerland 963 50.56 -7 6.2 19 54.21 44.17 41.19 31.83Informatica, USA ƒ 964 50.44 4 15.9 37 48.64 38.25 29.62 35.70Crucell, The Netherlands 965 50.33 14 19.5 34 44.10 51.33 26.82 15.46Anheuser-Busch Inbev, Belgium 966 50.27 160 0.3 5 19.34 16.44 17.40 13.53Rinnai, Japan ƒ 967 50.23 -3 2.8 20 52.01 52.01 48.68 44.32Sonus Networks, USA ƒ 967 50.23 -9 23.0 39 55.04 38.56 32.26 25.33Dongfang Electric, China ƒ 969 50.22 5 1.8 21 47.78 31.50 n/a n/aPerrigo, USA ƒ 970 50.21 9 4.0 34 46.24 36.37 26.72 19.28Kureha, Japan ƒ 971 50.20 -5 4.4 6 52.67 56.82 49.55 48.85Coloplast, Denmark 972 50.14 21 4.6 19 41.44 30.78 27.80 26.37Plantronics, USA ƒ 973 50.12 -6 9.4 39 53.54 50.00 43.68 31.45Meidensha, Japan ƒ 974 50.10 8 3.2 17 46.35 42.15 47.46 52.13Tenneco, USA ƒ 975 50.08 -6 1.2 3 53.55 40.34 40.34 32.69BJ Services, USA ƒ 976 50.07 7 1.3 32 46.97 44.43 37.69 32.89Intercell, Austria 977 49.99 55 92.7 34 32.23 27.17 25.46 15.16China Telecom, China 978 49.95 -6 0.3 12 53.42 29.77 26.61 17.53Varian, USA ƒ 979 49.94 10 7.1 19 45.33 41.54 37.52 33.89Akamai Technologies, USA ƒ 980 49.83 3 9.1 37 48.44 34.78 18.97 13.86Pall, USA ƒ 980 49.83 15 2.8 21 43.41 39.90 39.08 39.84ANSYS, USA ƒ 982 49.79 27 15.0 37 39.35 34.98 21.34 18.66JEOL, Japan ƒ 983 49.77 8 6.9 9 45.91 40.08 34.04 30.93Nippon Paper, Japan ƒ 984 49.75 -5 0.5 15 52.20 54.20 58.03 54.64NCsoft, South Korea ƒ 985 49.55 8 25.9 37 46.02 33.26 25.13 17.52Inventec Appliances, Taiwan ƒ 986 49.54 -2 3.4 24 50.60 39.01 44.16 36.44Ishihara Sangyo Kaisha, Japan ƒ 986 49.54 1 5.5 6 49.09 45.27 47.39 45.55Andritz, Austria 988 49.53 13 1.4 21 43.89 34.24 26.25 20.41Fortune Brands, USA ƒ 989 49.52 -12 0.9 7 56.13 50.56 45.83 47.78Terex, USA ƒ 989 49.52 2 0.7 21 48.34 36.58 35.47 32.20FrieslandCampina, The Netherlands 991 49.30 -6 0.5 14 52.20 23.20 20.30 20.30IDEXX Laboratories, USA ƒ 992 49.15 5 6.9 19 46.83 37.29 28.48 24.62Trizetto, USA (now part of TZ Holdings) ƒ 993 49.12 37 15.6 37 35.74 28.00 27.12 26.25Quantum, USA ƒ 994 49.06 -21 8.7 39 62.29 80.14 74.70 67.24232 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data233

Table 10Ranking of top 1,000 global companies by R&D investmentTable 10Ranking of top 1,000 global companies by R&D investment2008/09 R&D investment Previous R&D investment2008/09 R&D investment Previous R&D investmentCompany Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)Company Rank £mGrowthover lastyear (%)as %of salesIndustry2007/08(£m)2006/07(£m)2005/06(£m)2004/05(£m)FEI, USA ƒ 995 48.95 7 11.7 39 45.93 40.01 41.64 38.85Avon Products, USA ƒ 996 48.69 -3 0.7 33 49.94 45.76 44.65 44.37Osiris Therapeutics, USA ƒ 997 48.61 43 201.4 34 33.94 25.32 9.68 5.55Central Glass, Japan ƒ 998 48.57 -5 3.3 7 50.87 47.00 45.44 41.82Theravance, USA ƒ 999 48.49 -52 301.9 34 100.12 107.11 87.81 57.51Sopra, France 1000 48.43 29 4.4 37 37.51 30.07 25.81 n/a234 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data235

Table 11Ranking of top 1,000 global companies by R&D investment within industry showing sales by market spreadTable 11Ranking of top 1,000 global companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%1 Aerospace & defenceEADS, The Netherlands 2664.35 41826 44 18 38 100SAFRAN, France 588.75 10268 50 27 19 97Thales, France 550.27 12244 63 9 27 100Rolls-Royce, UK 490.00 9082 37 28 35 100Raytheon, USA ƒ 359.58 16118 11 80 9 100Textron, USA ƒ 331.06 10298 21 63 16 100General Dynamics, USA ƒ 329.67 20380 10 86 4 100Rockwell Collins, USA ƒ 274.73 3317 19 71 9 100BAE Systems, UK 213.00 16671 27 57 16 100Goodrich, USA ƒ 197.52 4911 34 54 13 100MTU Aero Engines, Germany 133.60 2634 30 56 14 100Zodiac, France 130.18 1947 41 44 15 100SAAB, Sweden 126.56 2093 58 6 36 100Bombardier, Canada ƒ 118.93 13716 51 32 17 100BE Aerospace, USA ƒ 91.39 1468 24 47 29 100Ruag, Switzerland 80.64 1004 90 6 6 102Cobham, UK 70.60 1467 25 55 20 100Meggitt, UK 59.40 1163 35 52 13 100Kongsberg Gruppen, Norway 51.55 1098 46 31 24 100Avio, Italy 50.93 1599 51 47 2 1002 Alternative energyVestas Wind Systems, Denmark 215.58 5834 60 26 14 100Behr, Germany 232.99 3271 65 22 13 100Calsonic Kansei, Japan ƒ 214.32 6395 13 24 63 100Rheinmetall, Germany 192.38 3740 73 10 17 100Takata, Japan ƒ 173.73 3958 27 43 30 100Pirelli, Italy 150.81 4731 49 6 40 95Sumitomo Rubber Industries, Japan ƒ 148.48 4642 6 14 80 100Tognum, Germany 139.21 3029 50 25 25 100NGK Spark Plug, Japan ƒ 133.85 2652 20 40 40 100ZF Lenksysteme, Germany 113.79 2508 76 7 17 100Harley-Davidson, USA ƒ 113.72 3891 16 73 11 100Burelle, France 108.43 2653 68 20 11 98GKN, UK 97.00 4376 46 40 14 100Eberspaecher, Germany ƒ 79.85 2165 82 14 4 100Wabco, USA ƒ 64.61 1800 76 6 18 100Showa, Japan ƒ 54.60 2174 8 29 64 1004 BanksHSBC, UK 531.37 61602 38 24 40 103Societe Generale, France 300.66 21139 85 7 8 100UniCredit, Italy 275.28 25300 98 0 2 100Intesa Sanpaolo, Italy 167.25 17174 103 0 0 103Rabobank, The Netherlands 156.61 11290 82 8 10 100Nordea Bank, Sweden 122.78 7927 102 0 0 102Lloyds TSB (now Lloyds Banking), UK 80.00 7013 100 0 0 1003 Automobiles & partsToyota Motor, Japan ƒ 7357.23 201710 14 37 49 100Volkswagen, Germany 5728.93 110023 71 11 18 100General Motors (now Motors Liquidation), USA ƒ 5564.06 103616 22 59 19 100Honda Motor, Japan ƒ 4511.24 92094 13 51 37 100Robert Bosch, Germany 3785.77 43626 66 17 17 100Nissan Motor, Japan ƒ 3510.13 83051 20 40 40 100BMW, Germany 2768.76 51428 59 21 20 100Denso, Japan ƒ 2389.85 30883 15 21 64 100Continental, Germany 1473.51 23433 67 19 14 100Aisin Seiki, Japan ƒ 884.89 20719 9 17 75 100Mazda Motor, Japan ƒ 877.76 26669 26 29 45 100Porsche Automobile, Germany 869.72 7218 61 26 13 100Suzuki Motor, Japan ƒ 834.34 26873 26 12 62 100Valeo, France 759.86 8376 66 12 22 100Bridgestone, Japan ƒ 715.50 24817 15 43 42 100Yamaha Motor, Japan ƒ 652.87 12306 20 22 59 100ZF, Germany 647.72 12085 69 10 21 100Michelin, France 482.41 15862 50 31 19 100Fuji Heavy Industries, Japan ƒ 399.14 12064 12 42 46 100Hella, Germany 344.82 3809 75 13 11 100Toyota Industries, Japan ƒ 281.97 15350 19 13 68 100MAHLE, Germany ƒ 276.38 4847 50 31 19 100Mitsubishi Motors, Japan ƒ 265.37 20579 35 15 50 100Autoliv, USA ƒ 255.39 4502 53 23 24 1005 BeveragesAnheuser-Busch Inbev, Belgium 50.27 15567 34 17 46 976 ChemicalsBayer, Germany 2634.38 31823 44 24 31 100BASF, Germany 1326.37 60232 59 19 22 100DuPont, USA ƒ 968.84 21233 31 42 27 100Dow Chemical, USA ƒ 911.11 40001 38 32 30 100Syngenta, Switzerland 673.95 8085 37 31 32 100Solvay, Belgium 558.78 9174 57 22 21 100DSM, The Netherlands 380.90 8988 52 18 30 100Shin-Etsu Chemical, Japan ƒ 367.87 10560 13 20 67 100Mitsui Chemicals, Japan ƒ 323.25 13709 3 5 92 100AKZO Nobel, The Netherlands 322.89 14902 47 22 31 100L'Air Liquide, France 185.04 12667 60 22 18 100Nitto Denko, Japan ƒ 169.54 5718 5 5 90 100Umicore, Belgium 162.06 8864 66 13 21 100Wacker-Chemie, Germany 157.77 4155 46 20 35 100Ciba, Switzerland (now part of BASF, Germany) ƒ 150.30 3868 44 20 36 100JSR, Japan ƒ 146.69 3123 0 4 92 96Arkema, France 145.01 5446 58 22 20 100LyondellBasell Industries, Luxembourg ƒ 134.93 35468 38 55 7 99Kaneka, Japan ƒ 127.45 3859 11 7 81 100Clariant, Switzerland 120.24 5274 48 28 24 100DIC, Japan ƒ 119.56 8270 28 18 54 100236 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data237

Table 11Ranking of top 1,000 global companies by R&D investment within industry showing sales by market spreadTable 11Ranking of top 1,000 global companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%Kuraray, Japan ƒ 117.01 3204 19 8 73 100UBE Industries, Japan ƒ 104.33 5404 7 4 89 100Mitsubishi Gas Chemical, Japan ƒ 104.07 3985 0 7 91 98Lubrizol, USA ƒ 104.05 3497 31 38 31 100Linde, Germany 100.54 12242 47 14 39 100Lonza, Switzerland 99.33 1919 48 37 15 100Zeon, Japan ƒ 94.19 2324 10 10 80 100Lanxess, Germany 93.77 6357 55 27 18 100Symrise, Germany 90.76 1276 53 19 27 100Nippon Shokubai, Japan ƒ 85.77 2322 16 8 76 100Ineos, UK ƒ 83.14 26642 74 20 6 100Johnson Matthey, UK 82.50 7848 45 25 30 100Borealis, Austria 80.24 6474 89 2 9 100FMC, USA ƒ 65.24 2167 28 34 37 100Kemira, Finland 64.19 2738 67 28 5 100Tokyo Ohka Kogyo, Japan ƒ 62.11 785 7 9 84 100Nippon Paint, Japan ƒ 61.54 1989 2 10 89 100Toyo Ink Manufacturing, Japan ƒ 57.95 1975 2 4 94 100WR Grace, USA ƒ 57.52 2307 40 36 25 100Cytec Industries, USA ƒ 56.75 2532 41 45 14 100Celanese, USA ƒ 55.64 4745 43 28 29 100Kureha, Japan ƒ 50.20 1149 11 0 86 96Ishihara Sangyo Kaisha, Japan ƒ 49.54 900 24 9 67 1007 Construction & materialsSaint-Gobain, France 372.20 42343 70 12 18 100Asahi Glass, Japan ƒ 289.26 11082 25 8 67 100Daikin Industries, Japan ƒ 246.10 9905 27 10 62 100Hilti, Liechtenstein 166.83 3071 66 18 16 100Bouygues, France 134.38 31625 84 7 9 100Nippon Sheet Glass, Japan ƒ 119.05 6641 50 13 37 100Toto, Japan ƒ 92.08 3844 0 6 92 98Assa Abloy, Sweden 78.28 3071 46 37 17 99Kajima, Japan ƒ 73.97 14534 1 9 90 100Taisei, Japan ƒ 71.31 13133 0 1 98 100Schott, Germany 69.10 2157 59 18 22 100Obayashi, Japan ƒ 53.31 12979 0 10 90 100HeidelbergCement, Germany 50.85 13897 50 28 20 97Fortune Brands, USA ƒ 49.52 5292 8 77 15 100Central Glass, Japan ƒ 48.57 1483 7 11 82 1008 ElectricityAREVA, France 535.58 12722 57 15 28 100Electricite de France, France 407.00 62141 96 0 0 96Iberdrola, Spain 70.67 24358 79 7 14 100Enel, Italy 65.74 57893 89 10 0 999 Electronic & electrical equipmentCanon, Japan ƒ 2869.79 31413 33 28 39 100Sharp, Japan ƒ 1505.28 26223 17 18 65 100ABB, Switzerland ƒ 804.70 24304 45 18 36 100Schneider, France 684.46 17702 44 28 28 100TDK, Japan ƒ 440.31 6647 7 11 82 100Alps Electric, Japan ƒ 324.22 5315 24 20 56 100Yokogawa Electric, Japan ƒ 313.63 3356 12 8 80 100Fuji Electric, Japan ƒ 239.85 7076 2 2 96 100Elpida Memory, Japan ƒ 229.74 3111 8 18 75 100HTC, Taiwan ƒ 198.19 3229 39 35 25 100Legrand, France 176.82 4063 67 14 19 100Agfa-Gevaert, Belgium 173.05 2931 55 20 26 100Kudelski, Switzerland 144.77 671 61 24 16 100Fanuc, Japan ƒ 143.71 3594 18 17 65 100TomTom, The Netherlands 138.59 1618 73 27 4 104Hoya, Japan ƒ 133.61 3695 19 12 69 100Rockwell Automation, USA ƒ 133.05 3963 23 57 20 100Funai Electric, Japan ƒ 113.47 2127 16 65 18 100Anritsu, Japan ƒ 108.30 771 19 19 62 100BYD, China ƒ 102.77 2731 7 5 87 100Gemalto, The Netherlands 95.09 1604 57 25 20 101CommScope, USA ƒ 93.74 2794 28 49 23 100Endress & Hauser, Switzerland 85.84 1171 63 14 23 100Citizen, Japan ƒ 82.87 2583 13 13 74 100Ibiden, Japan ƒ 82.76 3173 22 11 67 100HORIBA, Japan ƒ 81.81 1030 32 19 49 100Techtronic Industries, Hong Kong ƒ 80.43 2389 22 74 4 100Hamamatsu Photonics, Japan ƒ 77.96 758 24 25 51 100EPCOS, Germany 75.06 1429 64 5 31 100Yaskawa Electric, Japan ƒ 74.73 2933 15 13 71 100Sick, Germany 69.69 713 70 14 15 100Shimadzu, Japan ƒ 67.48 2225 8 11 82 100Ulvac, Japan ƒ 65.88 1851 1 3 96 100Japan Radio, Japan ƒ 64.68 1011 6 4 90 100Nexans, France 60.91 6573 51 16 33 100Zebra Technologies, USA ƒ 59.20 679 37 45 18 100Spectris, UK 57.00 787 42 23 35 100Orbotech, Israel ƒ 53.28 299 9 16 75 10012 Fixed line telecommunicationsBT, UK 1119.00 21390 93 5 1 100Telecom Italia, Italy 680.59 29455 79 0 18 97Telefonica, Spain 645.79 56019 60 0 38 98Deutsche Telekom, Germany 593.58 59615 75 24 1 100TeliaSonera, Sweden 99.12 9111 87 1 13 100KPN, The Netherlands 72.51 13947 89 5 7 101Swisscom, Switzerland 60.77 7971 100 0 0 10013 Food & drug retailersTesco, UK 192.00 54327 87 0 13 100238 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data239

Table 11Ranking of top 1,000 global companies by R&D investment within industry showing sales by market spreadTable 11Ranking of top 1,000 global companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%14 Food producersAjinomoto, Japan ƒ 252.23 9334 10 9 81 100Kerry, Ireland 142.55 4631 62 28 10 100KWS SAAT, Germany 76.33 579 69 27 4 100FrieslandCampina, The Netherlands 49.30 9136 73 3 24 100Sysmex, Japan ƒ 70.75 850 35 19 46 100William Demant, Denmark 64.69 698 50 33 17 100Sonova, Switzerland 50.56 816 41 49 10 100Coloplast, Denmark 50.14 1099 79 14 7 100IDEXX Laboratories, USA ƒ 49.15 712 27 66 8 10015 Forestry & paperStora Enso, Finland 77.53 11174 77 1 18 95SCA, Sweden 56.47 9714 78 11 11 10016 Gas, water & multiutilitiesRWE, Germany 203.02 47456 99 3 1 103GDF Suez, France 122.78 65665 83 7 10 100E.ON, Germany 98.61 84065 98 2 0 100Veolia Environnement, France 98.22 35601 75 8 15 9817 General industrialsToshiba, Japan ƒ 3017.62 58835 14 15 71 100General Electric, USA ƒ 2100.43 126319 24 55 21 100Evonik Industries, Germany 294.86 15665 62 14 22 98Kawasaki Heavy Industries, Japan ƒ 277.97 11517 10 24 66 100Voith, Germany 258.14 4770 53 22 25 100OC Oerlikon, Switzerland 221.53 3241 42 20 38 100Kubota, Japan ƒ 190.16 8859 11 29 61 100Freudenberg, Germany 155.16 4882 65 19 16 100Dover, USA ƒ 131.59 5323 20 64 15 99Benteler, Germany ƒ 119.20 6117 64 28 8 100NGK Insulators, Japan ƒ 93.35 2800 14 14 71 100Korber, Germany ƒ 87.97 1690 52 16 32 100Smiths, UK 72.50 2321 32 48 21 100Tomkins, UK 64.47 3836 18 58 24 100Trelleborg, Sweden 53.30 2750 67 16 17 100Meidensha, Japan ƒ 50.10 1562 0 0 99 9918 General retailersMaxingvest, Germany 145.98 8888 80 9 11 100Metro, Germany 129.54 66904 95 0 3 9819 Health care equipment & servicesBaxter International, USA ƒ 603.70 8588 36 45 20 100Carl Zeiss, Germany 310.33 2640 65 19 15 100Fresenius, Germany ƒ 200.12 11926 45 41 14 100Essilor International, France 139.71 2972 44 41 13 99B Braun Melsungen, Germany 134.99 3661 62 21 17 100Zimmer, USA ƒ 134.93 2866 29 57 14 100Dragerwerk, Germany 130.59 1861 64 18 18 100BioMerieux, France 128.29 1074 60 22 18 100Terumo, Japan ƒ 120.88 2351 19 19 62 100Getinge, Sweden 78.63 1695 53 30 18 100Millipore, USA ƒ 71.36 1114 43 39 19 10020 Household goods & home constructionHenkel, Germany 424.40 13661 62 19 17 98BSH Bosch und Siemens Hausgerate, Germany 253.29 8467 80 6 14 100Sekisui Chemical, Japan ƒ 197.49 7356 5 4 91 100Electrolux, Sweden 184.00 9217 48 32 21 100Black & Decker, USA ƒ 101.54 4233 25 61 14 100Fagor Electrodomesticos, Spain 54.14 1550 100 0 0 10021 Industrial engineeringVolvo, Sweden 1430.21 26708 52 16 32 100ALSTOM, France 600.35 18116 52 16 33 100Komatsu, Japan ƒ 381.13 17210 19 24 57 100Liebherr, Switzerland ƒ 319.03 7242 67 14 19 100Sandvik, Sweden 215.13 8149 45 16 39 100IHI, Japan ƒ 185.07 10363 6 13 81 100Knorr-Bremse, Germany ƒ 165.64 3271 68 22 10 100Danfoss, Denmark 154.05 3524 64 16 20 100Atlas Copco, Sweden 151.10 6524 39 19 42 100Grundfos, Denmark ƒ 144.16 2470 67 12 21 100Hexagon, Sweden 136.94 1273 55 25 20 100AGCO, USA ƒ 135.28 5859 56 20 24 100Metso, Finland 124.71 6187 42 16 42 100Wartsila, Finland 116.98 4459 37 15 48 100NTN, Japan ƒ 115.14 4097 18 25 57 100SKF, Sweden 105.46 5573 56 17 27 100Georg Fischer, Switzerland 93.45 2918 78 10 14 102Rieter, Switzerland 79.92 2054 46 19 35 100Minebea, Japan ƒ 76.34 2566 12 13 75 100Glory, Japan ƒ 73.78 1421 11 5 85 100DEUTZ, Germany 70.96 1445 74 12 14 100NHK Spring, Japan ƒ 68.05 3720 0 12 88 99Oshkosh, USA ƒ 63.99 4965 22 73 6 100Bobst, Switzerland 63.13 1067 56 24 19 100Alfa Laval, Sweden 57.52 2449 46 16 39 100GEA, Germany 57.13 5204 53 19 24 96Kone, Finland 56.36 4450 65 19 15 100Daifuku, Japan ƒ 53.43 1777 0 7 89 96Amada, Japan ƒ 53.06 2181 23 12 65 100Koenig & Bauer, Germany 52.40 1481 67 9 24 100Bucher Industries, Switzerland 51.04 1822 70 17 13 100Husqvarna, Sweden 50.66 2845 50 40 10 100Andritz, Austria 49.53 3490 48 14 38 100240 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data241

Table 11Ranking of top 1,000 global companies by R&D investment within industry showing sales by market spreadTable 11Ranking of top 1,000 global companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%22 Industrial metals & miningArcelorMittal, Luxembourg 205.18 86894 54 20 26 100Salzgitter, Germany 92.42 12084 72 9 19 100Mitsubishi Materials, Japan ƒ 89.59 12731 2 6 93 100Bekaert, Belgium 66.26 2574 41 21 38 100Mitsui Mining & Smelting, Japan ƒ 63.79 4569 0 8 89 97Norsk Hydro, Norway 60.20 8862 80 9 10 99Eramet, France 56.07 4201 51 19 30 10024 Leisure goodsMatsushita Electric (now Panasonic), Japan ƒ 4254.81 69583 13 14 73 100Sony, Japan ƒ 3994.17 67175 27 25 49 101FUJIFILM, Japan ƒ 1439.32 21843 16 20 65 100Olympus, Japan ƒ 505.85 8662 27 21 52 100Nikon, Japan ƒ 447.88 7334 22 24 54 100Nintendo, Japan ƒ 283.90 12832 37 40 23 100Yamaha, Japan ƒ 190.78 4210 19 16 65 100Namco Bandai, Japan ƒ 134.91 3533 10 12 78 100Casio Computer, Japan ƒ 113.17 4780 15 13 72 100SCI Entertainment (now Eidos), UK 72.20 134 63 30 7 100Shimano, Japan ƒ 71.77 1804 41 13 45 98Bang & Olufsen, Denmark 68.83 532 82 6 13 100Amer Sports, Finland 52.20 1524 46 43 11 100Roland, Japan ƒ 51.72 833 39 31 29 10026 MediaVivendi, France 697.02 24548 74 11 15 100Thomson, France 248.45 4740 43 41 14 99Toppan Printing, Japan ƒ 228.13 12816 0 0 96 96Reed Elsevier, UK 115.00 5346 36 49 14 10027 MiningRio Tinto, UK 213.52 37741 24 23 52 100BHP Billiton, UK 169.70 41364 24 8 68 100China Coal Energy, China 112.13 5198 0 0 99 9928 Mobile telecommunicationsTelenor, Norway 99.73 9654 69 0 30 10031 Oil & gas producersBP, UK 413.83 251177 45 34 20 100StatoilHydro (now Statoil), Norway 222.80 64762 85 9 2 96Eni, Italy 208.82 104551 73 7 20 100Nippon Mining, Japan ƒ 90.22 33296 0 0 99 9932 Oil equipment, services & distributionBaker Hughes, USA ƒ 296.29 8251 29 44 28 100CGGVeritas, France 55.59 2516 40 28 32 100Tenaris, Luxembourg 53.76 8506 15 39 45 9933 Personal goodsKao, Japan ƒ 345.81 10117 10 9 81 100Givaudan, Switzerland 272.50 2671 37 25 39 100International Flavors & Fragrances, USA ƒ 147.93 1662 38 25 37 100Shiseido, Japan ƒ 111.76 5551 13 8 79 100Swatch, Switzerland 111.74 3710 47 10 43 100adidas, Germany 78.31 10440 43 23 33 99Lion, Japan ƒ 65.39 2595 0 0 99 99PUMA, Germany 53.27 2440 51 26 23 10034 Pharmaceuticals & biotechnologyRoche, Switzerland 5687.77 29809 39 38 23 100Novartis, Switzerland 5021.56 28835 43 31 25 100Sanofi-Aventis, France 4454.76 26651 44 31 25 100GlaxoSmithKline, UK 3708.00 24352 34 40 26 100AstraZeneca, UK 3503.27 21979 35 50 15 100Takeda Pharmaceutical, Japan ƒ 2116.04 10548 15 34 51 100Boehringer Ingelheim, Germany ƒ 2038.86 11209 33 44 23 100Daiichi Sankyo, Japan ƒ 1254.27 6753 11 25 64 100Merck, Germany 1193.35 7307 47 13 35 95Eisai, Japan ƒ 1059.04 5634 10 48 42 100Astellas Pharma, Japan ƒ 1031.70 7462 20 25 54 100Novo Nordisk, Denmark 961.85 5917 38 33 29 100UCB, Belgium 741.49 3481 54 38 9 100Teva Pharmaceutical Industries, Israel ƒ 546.67 7710 27 58 15 100Dainippon Sumitomo Pharma, Japan ƒ 362.66 2026 7 0 93 100Shionogi, Japan ƒ 309.13 1644 15 0 82 98Ono Pharmaceutical, Japan ƒ 299.14 1119 0 0 98 99Lundbeck, Denmark 290.09 1465 55 22 21 98Kyowa Hakko Kogyo (now Kyowa Hakko Kirin), Japan ƒ 261.71 3009 6 6 88 100Cephalon, USA ƒ 251.92 1373 19 81 0 100Actelion, Switzerland ƒ 244.74 963 46 42 12 100Ipsen, France 132.63 1004 79 1 16 97Novozymes, Denmark 129.24 1058 38 37 26 100Merial, UK ƒ 110.79 1715 32 45 23 100Santen Pharmaceutical, Japan ƒ 99.30 793 8 2 90 100Orion, Finland 92.42 687 79 10 10 100Cubist Pharmaceuticals, USA ƒ 88.10 302 0 100 0 100Nektar Therapeutics, USA ƒ 73.37 63 66 34 0 100Stada Arzneimittel, Germany 59.09 1591 97 0 3 100Recordati, Italy 56.90 667 90 2 7 100Zeltia, Spain 56.16 102 97 0 0 97Crucell, The Netherlands 50.33 258 78 13 9 10037 Software & computer servicesSAP, Germany 1572.89 11190 54 25 21 100UBIsoft Entertainment, France 294.28 897 52 43 5 100Dassault Systemes, France 274.87 1290 46 31 23 100SunGard Data Systems, USA ƒ 226.04 3892 22 74 4 100Indra Sistemas, Spain 160.81 2300 82 2 16 100242 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data243

Table 11Ranking of top 1,000 global companies by R&D investment within industry showing sales by market spreadTable 11Ranking of top 1,000 global companies by R&D investment within industry showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%Amdocs, UK ƒ 156.83 2199 17 69 14 100Sage, UK 139.70 1295 54 39 7 100Parametric Technology, USA ƒ 126.60 744 42 34 24 100Invensys, UK 114.00 2284 45 31 25 100DST Systems, USA ƒ 107.87 1590 6 91 1 98Polaris Software Lab, India ƒ 106.31 157 31 35 34 100Wincor Nixdorf, Germany 101.05 2241 78 8 14 100Misys, UK 99.50 692 25 61 15 100Mindtree, India ƒ 99.47 177 20 65 15 100Open Text, Canada ƒ 73.65 505 48 47 5 100Gameloft, France 68.31 107 43 30 27 100Check Point Software Technologies, Israel ƒ 63.73 562 45 43 12 100Wind River Systems, USA (now part of Intel) ƒ 58.35 250 26 52 23 100Tencent, China 57.36 729 0 0 100 100Eclipsys, USA ƒ 55.37 359 0 99 0 99Blue Coat Systems, USA ƒ 53.33 309 37 43 21 100ANSYS, USA ƒ 49.79 333 41 33 26 100Trizetto, USA (now part of TZ Holdings) ƒ 49.12 314 0 100 0 100Sopra, France 48.43 1092 94 4 1 10038 Support servicesGiesecke & Devrient, Germany 108.23 1633 60 19 21 100NSK, Japan ƒ 78.57 5924 17 14 69 100Serco, UK 63.60 3124 82 12 6 10039 Technology hardware & equipmentIntel, USA ƒ 3979.69 26141 19 20 61 100Cisco Systems, USA ƒ 3583.95 27500 20 54 26 100Hitachi, Japan ƒ 3285.23 86140 10 9 81 100Alcatel-Lucent, France 3061.68 16419 35 28 37 100EMC, USA ƒ 1424.28 10346 31 58 11 100Nortel Networks, Canada ƒ 1094.03 7248 23 49 28 100Ricoh, Japan ƒ 967.02 17033 27 20 53 100Applied Materials, USA ƒ 767.93 5654 12 19 70 100Seagate Technology, Cayman Islands ƒ 714.98 8839 29 0 69 98Seiko Epson, Japan ƒ 635.84 10342 26 20 54 100Konica Minolta, Japan ƒ 624.33 8222 29 23 48 100Nvidia, USA ƒ 595.27 2382 9 9 78 96ASML, The Netherlands 516.03 2855 9 22 69 100Juniper Networks, USA ƒ 508.52 2485 30 49 20 100Micron Technology, USA ƒ 472.95 4062 10 25 65 100Taiwan Semiconductor Manufacturing, Taiwan ƒ 455.26 7061 11 61 31 103Analog Devices, USA ƒ 379.83 1877 25 23 47 96Murata Manufacturing, Japan ƒ 324.41 4847 12 9 80 100Spansion, USA ƒ 300.33 1587 15 13 71 100SanDisk, USA ƒ 299.03 2331 22 31 44 98Lexmark, USA ƒ 294.41 3150 38 41 20 100Brother Industries, Japan ƒ 261.77 4346 35 31 34 100Rohm, Japan ƒ 253.68 2865 4 4 92 100Oce, The Netherlands 246.49 2812 55 37 9 100Advantest, Japan ƒ 234.07 1402 5 5 90 100Lam Research, USA ƒ 225.18 1721 10 17 74 100Atmel, USA ƒ 181.05 1090 36 14 48 99Lenovo, Hong Kong ƒ 153.02 10364 21 25 54 100Teradyne, USA ƒ 150.55 770 10 21 65 97NCR, USA ƒ 146.75 3697 39 43 18 100JDS Uniphase, USA ƒ 130.83 1064 28 52 19 100Dainippon Screen Mfg, Japan ƒ 124.67 2147 9 15 76 100Integrated Device Technology, USA ƒ 112.11 461 8 20 72 100PMC-Sierra, USA ƒ 109.64 365 5 20 73 98CSR, UK 106.24 483 9 5 86 100Sanken Electric, Japan ƒ 104.90 1414 7 9 84 100Skyworks Solutions, USA ƒ 101.55 598 6 11 83 100QLogic, USA ƒ 92.68 441 24 48 28 100Italtel, Italy 90.81 452 83 0 17 100Conexant Systems, USA ƒ 87.05 350 5 7 88 100Micronas Semiconductor, Switzerland 80.07 391 55 5 39 99Fairchild Semiconductor, USA ƒ 78.52 1095 13 11 76 100Zoran, USA ƒ 78.29 305 0 7 90 97Varian Semiconductor Equipment, USA ƒ 77.37 580 8 22 70 100ARM, UK 76.73 299 17 32 50 100Sirf Technology, USA (now part of CSR, UK) ƒ 75.61 162 13 19 63 95F5 Networks, USA ƒ 73.09 452 21 58 21 100ASM International, The Netherlands ƒ 72.52 723 11 15 75 100GN Store Nord, Denmark 68.97 731 46 42 12 100Taiyo Yuden, Japan ƒ 68.20 1828 5 8 87 100ProMOS Technologies, Taiwan ƒ 64.65 653 35 8 57 100Disco, Japan ƒ 63.93 703 11 6 83 100Himax Technologies, Cayman Islands ƒ 60.91 579

Table 12Ranking of top 1,000 global companies by R&D investment within country showing sales by market spreadTable 12Ranking of top 1,000 global companies by R&D investment within country showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%1 Americas1.1 CanadaNortel Networks, Canada ƒ 1094.03 7248 23 49 28 100Bombardier, Canada ƒ 118.93 13716 51 32 17 100Open Text, Canada ƒ 73.65 505 48 47 5 1001.2 Cayman IslandsSeagate Technology, Cayman Islands ƒ 714.98 8839 29 0 69 98Himax Technologies, Cayman Islands ƒ 60.91 579

Table 12Ranking of top 1,000 global companies by R&D investment within country showing sales by market spreadTable 12Ranking of top 1,000 global companies by R&D investment within country showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%2.3 DenmarkNovo Nordisk, Denmark 961.85 5917 38 33 29 100Lundbeck, Denmark 290.09 1465 55 22 21 98Vestas Wind Systems, Denmark 215.58 5834 60 26 14 100Danfoss, Denmark 154.05 3524 64 16 20 100Grundfos, Denmark ƒ 144.16 2470 67 12 21 100Novozymes, Denmark 129.24 1058 38 37 26 100GN Store Nord, Denmark 68.97 731 46 42 12 100Bang & Olufsen, Denmark 68.83 532 82 6 13 100William Demant, Denmark 64.69 698 50 33 17 100Coloplast, Denmark 50.14 1099 79 14 7 1002.4 FinlandMetso, Finland 124.71 6187 42 16 42 100Wartsila, Finland 116.98 4459 37 15 48 100Orion, Finland 92.42 687 79 10 10 100Stora Enso, Finland 77.53 11174 77 1 18 95Kemira, Finland 64.19 2738 67 28 5 100Kone, Finland 56.36 4450 65 19 15 100Amer Sports, Finland 52.20 1524 46 43 11 1002.5 FranceSanofi-Aventis, France 4454.76 26651 44 31 25 100Alcatel-Lucent, France 3061.68 16419 35 28 37 100Valeo, France 759.86 8376 66 12 22 100Vivendi, France 697.02 24548 74 11 15 100Schneider, France 684.46 17702 44 28 28 100ALSTOM, France 600.35 18116 52 16 33 100SAFRAN, France 588.75 10268 50 27 19 97Thales, France 550.27 12244 63 9 27 100AREVA, France 535.58 12722 57 15 28 100Michelin, France 482.41 15862 50 31 19 100Electricite de France, France 407.00 62141 96 0 0 96Saint-Gobain, France 372.20 42343 70 12 18 100Societe Generale, France 300.66 21139 85 7 8 100UBIsoft Entertainment, France 294.28 897 52 43 5 100Dassault Systemes, France 274.87 1290 46 31 23 100Thomson, France 248.45 4740 43 41 14 99L'Air Liquide, France 185.04 12667 60 22 18 100Legrand, France 176.82 4063 67 14 19 100Arkema, France 145.01 5446 58 22 20 100Essilor International, France 139.71 2972 44 41 13 99Bouygues, France 134.38 31625 84 7 9 100Ipsen, France 132.63 1004 79 1 16 97Zodiac, France 130.18 1947 41 44 15 100BioMerieux, France 128.29 1074 60 22 18 100GDF Suez, France 122.78 65665 83 7 10 100Burelle, France 108.43 2653 68 20 11 98Veolia Environnement, France 98.22 35601 75 8 15 98Gameloft, France 68.31 107 43 30 27 100Nexans, France 60.91 6573 51 16 33 100Eramet, France 56.07 4201 51 19 30 100CGGVeritas, France 55.59 2516 40 28 32 100Sopra, France 48.43 1092 94 4 1 1002.6 GermanyVolkswagen, Germany 5728.93 110023 71 11 18 100Robert Bosch, Germany 3785.77 43626 66 17 17 100BMW, Germany 2768.76 51428 59 21 20 100Bayer, Germany 2634.38 31823 44 24 31 100Boehringer Ingelheim, Germany ƒ 2038.86 11209 33 44 23 100SAP, Germany 1572.89 11190 54 25 21 100Continental, Germany 1473.51 23433 67 19 14 100BASF, Germany 1326.37 60232 59 19 22 100Merck, Germany 1193.35 7307 47 13 35 95Porsche Automobile, Germany 869.72 7218 61 26 13 100ZF, Germany 647.72 12085 69 10 21 100Deutsche Telekom, Germany 593.58 59615 75 24 1 100Henkel, Germany 424.40 13661 62 19 17 98Hella, Germany 344.82 3809 75 13 11 100Carl Zeiss, Germany 310.33 2640 65 19 15 100Evonik Industries, Germany 294.86 15665 62 14 22 98MAHLE, Germany ƒ 276.38 4847 50 31 19 100Voith, Germany 258.14 4770 53 22 25 100BSH Bosch und Siemens Hausgerate, Germany 253.29 8467 80 6 14 100Behr, Germany 232.99 3271 65 22 13 100RWE, Germany 203.02 47456 99 3 1 103Fresenius, Germany ƒ 200.12 11926 45 41 14 100Rheinmetall, Germany 192.38 3740 73 10 17 100Knorr-Bremse, Germany ƒ 165.64 3271 68 22 10 100Wacker-Chemie, Germany 157.77 4155 46 20 35 100Freudenberg, Germany 155.16 4882 65 19 16 100Maxingvest, Germany 145.98 8888 80 9 11 100Tognum, Germany 139.21 3029 50 25 25 100B Braun Melsungen, Germany 134.99 3661 62 21 17 100MTU Aero Engines, Germany 133.60 2634 30 56 14 100Dragerwerk, Germany 130.59 1861 64 18 18 100Metro, Germany 129.54 66904 95 0 3 98Benteler, Germany ƒ 119.20 6117 64 28 8 100ZF Lenksysteme, Germany 113.79 2508 76 7 17 100Giesecke & Devrient, Germany 108.23 1633 60 19 21 100Wincor Nixdorf, Germany 101.05 2241 78 8 14 100Linde, Germany 100.54 12242 47 14 39 100E.ON, Germany 98.61 84065 98 2 0 100Lanxess, Germany 93.77 6357 55 27 18 100Salzgitter, Germany 92.42 12084 72 9 19 100Symrise, Germany 90.76 1276 53 19 27 100Korber, Germany ƒ 87.97 1690 52 16 32 100Eberspaecher, Germany ƒ 79.85 2165 82 14 4 100adidas, Germany 78.31 10440 43 23 33 99248 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data249

Table 12Ranking of top 1,000 global companies by R&D investment within country showing sales by market spreadTable 12Ranking of top 1,000 global companies by R&D investment within country showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%KWS SAAT, Germany 76.33 579 69 27 4 100EPCOS, Germany 75.06 1429 64 5 31 100DEUTZ, Germany 70.96 1445 74 12 14 100Sick, Germany 69.69 713 70 14 15 100Schott, Germany 69.10 2157 59 18 22 100Stada Arzneimittel, Germany 59.09 1591 97 0 3 100GEA, Germany 57.13 5204 53 19 24 96PUMA, Germany 53.27 2440 51 26 23 100Koenig & Bauer, Germany 52.40 1481 67 9 24 100HeidelbergCement, Germany 50.85 13897 50 28 20 972.7 IrelandKerry, Ireland 142.55 4631 62 28 10 100Electrolux, Sweden 184.00 9217 48 32 21 100Atlas Copco, Sweden 151.10 6524 39 19 42 100Hexagon, Sweden 136.94 1273 55 25 20 100SAAB, Sweden 126.56 2093 58 6 36 100Nordea Bank, Sweden 122.78 7927 102 0 0 102SKF, Sweden 105.46 5573 56 17 27 100TeliaSonera, Sweden 99.12 9111 87 1 13 100Getinge, Sweden 78.63 1695 53 30 18 100Assa Abloy, Sweden 78.28 3071 46 37 17 99Alfa Laval, Sweden 57.52 2449 46 16 39 100SCA, Sweden 56.47 9714 78 11 11 100Trelleborg, Sweden 53.30 2750 67 16 17 100Husqvarna, Sweden 50.66 2845 50 40 10 1002.8 ItalyTelecom Italia, Italy 680.59 29455 79 0 18 97UniCredit, Italy 275.28 25300 98 0 2 100Eni, Italy 208.82 104551 73 7 20 100Intesa Sanpaolo, Italy 167.25 17174 103 0 0 103Pirelli, Italy 150.81 4731 49 6 40 95Italtel, Italy 90.81 452 83 0 17 100Enel, Italy 65.74 57893 89 10 0 99Lottomatica, Italy 60.42 1990 70 25 6 100Recordati, Italy 56.90 667 90 2 7 100Avio, Italy 50.93 1599 51 47 2 1002.9 LiechtensteinHilti, Liechtenstein 166.83 3071 66 18 16 1002.10 LuxembourgArcelorMittal, Luxembourg 205.18 86894 54 20 26 100LyondellBasell Industries, Luxembourg ƒ 134.93 35468 38 55 7 99Tenaris, Luxembourg 53.76 8506 15 39 45 992.11 NorwayStatoilHydro (now Statoil), Norway 222.80 64762 85 9 2 96Telenor, Norway 99.73 9654 69 0 30 100Norsk Hydro, Norway 60.20 8862 80 9 10 99Kongsberg Gruppen, Norway 51.55 1098 46 31 24 1002.12 SpainTelefonica, Spain 645.79 56019 60 0 38 98Indra Sistemas, Spain 160.81 2300 82 2 16 100Iberdrola, Spain 70.67 24358 79 7 14 100Zeltia, Spain 56.16 102 97 0 0 97Fagor Electrodomesticos, Spain 54.14 1550 100 0 0 1002.13 SwedenVolvo, Sweden 1430.21 26708 52 16 32 100Sandvik, Sweden 215.13 8149 45 16 39 1002.14 SwitzerlandRoche, Switzerland 5687.77 29809 39 38 23 100Novartis, Switzerland 5021.56 28835 43 31 25 100ABB, Switzerland ƒ 804.70 24304 45 18 36 100Syngenta, Switzerland 673.95 8085 37 31 32 100Liebherr, Switzerland ƒ 319.03 7242 67 14 19 100Givaudan, Switzerland 272.50 2671 37 25 39 100Actelion, Switzerland ƒ 244.74 963 46 42 12 100OC Oerlikon, Switzerland 221.53 3241 42 20 38 100Ciba, Switzerland (now part of BASF, Germany) ƒ 150.30 3868 44 20 36 100Kudelski, Switzerland 144.77 671 61 24 16 100Clariant, Switzerland 120.24 5274 48 28 24 100Swatch, Switzerland 111.74 3710 47 10 43 100Lonza, Switzerland 99.33 1919 48 37 15 100Georg Fischer, Switzerland 93.45 2918 78 10 14 102Endress & Hauser, Switzerland 85.84 1171 63 14 23 100Ruag, Switzerland 80.64 1004 90 6 6 102Micronas Semiconductor, Switzerland 80.07 391 55 5 39 99Rieter, Switzerland 79.92 2054 46 19 35 100Bobst, Switzerland 63.13 1067 56 24 19 100Swisscom, Switzerland 60.77 7971 100 0 0 100Bucher Industries, Switzerland 51.04 1822 70 17 13 100Sonova, Switzerland 50.56 816 41 49 10 1002.15 The NetherlandsEADS, The Netherlands 2664.35 41826 44 18 38 100ASML, The Netherlands 516.03 2855 9 22 69 100DSM, The Netherlands 380.90 8988 52 18 30 100AKZO Nobel, The Netherlands 322.89 14902 47 22 31 100Oce, The Netherlands 246.49 2812 55 37 9 100Rabobank, The Netherlands 156.61 11290 82 8 10 100TomTom, The Netherlands 138.59 1618 73 27 4 104Gemalto, The Netherlands 95.09 1604 57 25 20 101ASM International, The Netherlands ƒ 72.52 723 11 15 75 100KPN, The Netherlands 72.51 13947 89 5 7 101250 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data251

Table 12Ranking of top 1,000 global companies by R&D investment within country showing sales by market spreadTable 12Ranking of top 1,000 global companies by R&D investment within country showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%Crucell, The Netherlands 50.33 258 78 13 9 100FrieslandCampina, The Netherlands 49.30 9136 73 3 24 1002.16 UKGlaxoSmithKline, UK 3708.00 24352 34 40 26 100AstraZeneca, UK 3503.27 21979 35 50 15 100BT, UK 1119.00 21390 93 5 1 100HSBC, UK 531.37 61602 38 24 40 103Rolls-Royce, UK 490.00 9082 37 28 35 100BP, UK 413.83 251177 45 34 20 100Rio Tinto, UK 213.52 37741 24 23 52 100BAE Systems, UK 213.00 16671 27 57 16 100Tesco, UK 192.00 54327 87 0 13 100BHP Billiton, UK 169.70 41364 24 8 68 100Amdocs, UK ƒ 156.83 2199 17 69 14 100Sage, UK 139.70 1295 54 39 7 100BAT, UK 138.00 12122 40 24 37 100Reed Elsevier, UK 115.00 5346 36 49 14 100Invensys, UK 114.00 2284 45 31 25 100Merial, UK ƒ 110.79 1715 32 45 23 100CSR, UK 106.24 483 9 5 86 100Misys, UK 99.50 692 25 61 15 100GKN, UK 97.00 4376 46 40 14 100Ineos, UK ƒ 83.14 26642 74 20 6 100Johnson Matthey, UK 82.50 7848 45 25 30 100Lloyds TSB (now Lloyds Banking), UK 80.00 7013 100 0 0 100ARM, UK 76.73 299 17 32 50 100Smiths, UK 72.50 2321 32 48 21 100SCI Entertainment (now Eidos), UK 72.20 134 63 30 7 100Cobham, UK 70.60 1467 25 55 20 100Tomkins, UK 64.47 3836 18 58 24 100Serco, UK 63.60 3124 82 12 6 100Pace, UK 59.58 745 47 35 18 100Meggitt, UK 59.40 1163 35 52 13 100Spectris, UK 57.00 787 42 23 35 1003 Rest of World3.1 ChinaChina Coal Energy, China 112.13 5198 0 0 99 99BYD, China ƒ 102.77 2731 7 5 87 100Tencent, China 57.36 729 0 0 100 1003.2 Hong KongLenovo, Hong Kong ƒ 153.02 10364 21 25 54 100Techtronic Industries, Hong Kong ƒ 80.43 2389 22 74 4 1003.3 IndiaPolaris Software Lab, India ƒ 106.31 157 31 35 34 100Mindtree, India ƒ 99.47 177 20 65 15 1003.4 IsraelTeva Pharmaceutical Industries, Israel ƒ 546.67 7710 27 58 15 100Check Point Software Technologies, Israel ƒ 63.73 562 45 43 12 100Orbotech, Israel ƒ 53.28 299 9 16 75 1003.5 JapanToyota Motor, Japan ƒ 7357.23 201710 14 37 49 100Honda Motor, Japan ƒ 4511.24 92094 13 51 37 100Matsushita Electric (now Panasonic), Japan ƒ 4254.81 69583 13 14 73 100Sony, Japan ƒ 3994.17 67175 27 25 49 101Nissan Motor, Japan ƒ 3510.13 83051 20 40 40 100Hitachi, Japan ƒ 3285.23 86140 10 9 81 100Toshiba, Japan ƒ 3017.62 58835 14 15 71 100Canon, Japan ƒ 2869.79 31413 33 28 39 100Denso, Japan ƒ 2389.85 30883 15 21 64 100Takeda Pharmaceutical, Japan ƒ 2116.04 10548 15 34 51 100Sharp, Japan ƒ 1505.28 26223 17 18 65 100FUJIFILM, Japan ƒ 1439.32 21843 16 20 65 100Daiichi Sankyo, Japan ƒ 1254.27 6753 11 25 64 100Eisai, Japan ƒ 1059.04 5634 10 48 42 100Astellas Pharma, Japan ƒ 1031.70 7462 20 25 54 100Ricoh, Japan ƒ 967.02 17033 27 20 53 100Aisin Seiki, Japan ƒ 884.89 20719 9 17 75 100Mazda Motor, Japan ƒ 877.76 26669 26 29 45 100Suzuki Motor, Japan ƒ 834.34 26873 26 12 62 100Bridgestone, Japan ƒ 715.50 24817 15 43 42 100Yamaha Motor, Japan ƒ 652.87 12306 20 22 59 100Seiko Epson, Japan ƒ 635.84 10342 26 20 54 100Konica Minolta, Japan ƒ 624.33 8222 29 23 48 100Olympus, Japan ƒ 505.85 8662 27 21 52 100Sega Sammy, Japan ƒ 501.68 3522 10 11 79 100Nikon, Japan ƒ 447.88 7334 22 24 54 100TDK, Japan ƒ 440.31 6647 7 11 82 100Fuji Heavy Industries, Japan ƒ 399.14 12064 12 42 46 100Komatsu, Japan ƒ 381.13 17210 19 24 57 100Shin-Etsu Chemical, Japan ƒ 367.87 10560 13 20 67 100Dainippon Sumitomo Pharma, Japan ƒ 362.66 2026 7 0 93 100Kao, Japan ƒ 345.81 10117 10 9 81 100Murata Manufacturing, Japan ƒ 324.41 4847 12 9 80 100Alps Electric, Japan ƒ 324.22 5315 24 20 56 100Mitsui Chemicals, Japan ƒ 323.25 13709 3 5 92 100Yokogawa Electric, Japan ƒ 313.63 3356 12 8 80 100Shionogi, Japan ƒ 309.13 1644 15 0 82 98Ono Pharmaceutical, Japan ƒ 299.14 1119 0 0 98 99Asahi Glass, Japan ƒ 289.26 11082 25 8 67 100Nintendo, Japan ƒ 283.90 12832 37 40 23 100252 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data253

Table 12Ranking of top 1,000 global companies by R&D investment within country showing sales by market spreadTable 12Ranking of top 1,000 global companies by R&D investment within country showing sales by market spreadMarket breadthMarket breadthCompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%CompanyR&D£mSales£mEurope%NorthAmerica%Rest ofworld%Total%Toyota Industries, Japan ƒ 281.97 15350 19 13 68 100Kawasaki Heavy Industries, Japan ƒ 277.97 11517 10 24 66 100Mitsubishi Motors, Japan ƒ 265.37 20579 35 15 50 100Brother Industries, Japan ƒ 261.77 4346 35 31 34 100Kyowa Hakko Kogyo (now Kyowa Hakko Kirin), Japan ƒ 261.71 3009 6 6 88 100Rohm, Japan ƒ 253.68 2865 4 4 92 100Ajinomoto, Japan ƒ 252.23 9334 10 9 81 100Daikin Industries, Japan ƒ 246.10 9905 27 10 62 100Fuji Electric, Japan ƒ 239.85 7076 2 2 96 100Advantest, Japan ƒ 234.07 1402 5 5 90 100Elpida Memory, Japan ƒ 229.74 3111 8 18 75 100Toppan Printing, Japan ƒ 228.13 12816 0 0 96 96Calsonic Kansei, Japan ƒ 214.32 6395 13 24 63 100Sekisui Chemical, Japan ƒ 197.49 7356 5 4 91 100Yamaha, Japan ƒ 190.78 4210 19 16 65 100Kubota, Japan ƒ 190.16 8859 11 29 61 100IHI, Japan ƒ 185.07 10363 6 13 81 100Takata, Japan ƒ 173.73 3958 27 43 30 100Nitto Denko, Japan ƒ 169.54 5718 5 5 90 100Sumitomo Rubber Industries, Japan ƒ 148.48 4642 6 14 80 100JSR, Japan ƒ 146.69 3123 0 4 92 96Fanuc, Japan ƒ 143.71 3594 18 17 65 100Namco Bandai, Japan ƒ 134.91 3533 10 12 78 100NGK Spark Plug, Japan ƒ 133.85 2652 20 40 40 100Hoya, Japan ƒ 133.61 3695 19 12 69 100Kaneka, Japan ƒ 127.45 3859 11 7 81 100Dainippon Screen Mfg, Japan ƒ 124.67 2147 9 15 76 100Terumo, Japan ƒ 120.88 2351 19 19 62 100East Japan Railway, Japan ƒ 120.07 20744 0 0 100 100DIC, Japan ƒ 119.56 8270 28 18 54 100Nippon Sheet Glass, Japan ƒ 119.05 6641 50 13 37 100Kuraray, Japan ƒ 117.01 3204 19 8 73 100NTN, Japan ƒ 115.14 4097 18 25 57 100Funai Electric, Japan ƒ 113.47 2127 16 65 18 100Casio Computer, Japan ƒ 113.17 4780 15 13 72 100Shiseido, Japan ƒ 111.76 5551 13 8 79 100Anritsu, Japan ƒ 108.30 771 19 19 62 100Sanken Electric, Japan ƒ 104.90 1414 7 9 84 100UBE Industries, Japan ƒ 104.33 5404 7 4 89 100Mitsubishi Gas Chemical, Japan ƒ 104.07 3985 0 7 91 98Santen Pharmaceutical, Japan ƒ 99.30 793 8 2 90 100Zeon, Japan ƒ 94.19 2324 10 10 80 100NGK Insulators, Japan ƒ 93.35 2800 14 14 71 100Toto, Japan ƒ 92.08 3844 0 6 92 98Nippon Mining, Japan ƒ 90.22 33296 0 0 99 99Mitsubishi Materials, Japan ƒ 89.59 12731 2 6 93 100Nippon Shokubai, Japan ƒ 85.77 2322 16 8 76 100Citizen, Japan ƒ 82.87 2583 13 13 74 100Ibiden, Japan ƒ 82.76 3173 22 11 67 100HORIBA, Japan ƒ 81.81 1030 32 19 49 100NSK, Japan ƒ 78.57 5924 17 14 69 100Hamamatsu Photonics, Japan ƒ 77.96 758 24 25 51 100Minebea, Japan ƒ 76.34 2566 12 13 75 100Yaskawa Electric, Japan ƒ 74.73 2933 15 13 71 100Kajima, Japan ƒ 73.97 14534 1 9 90 100Glory, Japan ƒ 73.78 1421 11 5 85 100Shimano, Japan ƒ 71.77 1804 41 13 45 98Taisei, Japan ƒ 71.31 13133 0 1 98 100Sysmex, Japan ƒ 70.75 850 35 19 46 100Taiyo Yuden, Japan ƒ 68.20 1828 5 8 87 100NHK Spring, Japan ƒ 68.05 3720 0 12 88 99Shimadzu, Japan ƒ 67.48 2225 8 11 82 100Ulvac, Japan ƒ 65.88 1851 1 3 96 100Lion, Japan ƒ 65.39 2595 0 0 99 99Japan Radio, Japan ƒ 64.68 1011 6 4 90 100Disco, Japan ƒ 63.93 703 11 6 83 100Mitsui Mining & Smelting, Japan ƒ 63.79 4569 0 8 89 97Tokyo Ohka Kogyo, Japan ƒ 62.11 785 7 9 84 100Nippon Paint, Japan ƒ 61.54 1989 2 10 89 100Tokyo Seimitsu, Japan ƒ 58.77 705 8 5 87 100Toyo Ink Manufacturing, Japan ƒ 57.95 1975 2 4 94 100Showa, Japan ƒ 54.60 2174 8 29 64 100Daifuku, Japan ƒ 53.43 1777 0 7 89 96Obayashi, Japan ƒ 53.31 12979 0 10 90 100Amada, Japan ƒ 53.06 2181 23 12 65 100Roland, Japan ƒ 51.72 833 39 31 29 100Kureha, Japan ƒ 50.20 1149 11 0 86 96Meidensha, Japan ƒ 50.10 1562 0 0 99 99Ishihara Sangyo Kaisha, Japan ƒ 49.54 900 24 9 67 100Central Glass, Japan ƒ 48.57 1483 7 11 82 1003.6 TaiwanTaiwan Semiconductor Manufacturing, Taiwan ƒ 455.26 7061 11 61 31 103HTC, Taiwan ƒ 198.19 3229 39 35 25 100ProMOS Technologies, Taiwan ƒ 64.65 653 35 8 57 100254 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data255

Table 13Ranking of top 1,000 global companies by R&D intensity within listing statusTable 13Ranking of top 1,000 global companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of sales1 FT Global 500 (215) 235816.72 3.1Denso, Japan ƒ 2389.85 7.7United Technologies, USA ƒ 1231.74 3.1Kraft Foods, USA ƒ 347.06 1.2Celgene, USA ƒ 637.27 40.6Teva Pharmaceutical Industries, Israel ƒ 546.67 7.1Hewlett-Packard, USA ƒ 2464.18 3.0POSCO, South Korea ƒ 273.88 1.2Genzyme, USA ƒ 880.71 27.5Baxter International, USA ƒ 603.70 7.0Schlumberger, USA ƒ 569.48 3.0Sumitomo Metal Industries, Japan ƒ 154.25 1.2Biogen Idec, USA ƒ 745.62 26.2FUJIFILM, Japan ƒ 1439.32 6.6Lockheed Martin, USA ƒ 848.52 2.9Telefonica, Spain 645.79 1.2MediaTek, Taiwan ƒ 450.89 23.5Amazon.com, USA ƒ 848.52 6.4Vale Do Rio Doce (now Vale), Brazil ƒ 754.63 2.9BAT, UK 138.00 1.1Qualcomm, USA ƒ 1586.45 20.5EADS, The Netherlands 2664.35 6.4Kirin, Japan ƒ 410.03 2.8British Sky Broadcasting, UK 53.00 1.1Amgen, USA ƒ 2107.39 20.2Merck, USA ƒ 3342.12 20.1Takeda Pharmaceutical, Japan ƒ 2116.04 20.1Activision Blizzard, USA † ƒ 548.99 19.6Roche, Switzerland 5687.77 19.1Schering-Plough, USA ƒ 2454.44 19.1Yahoo!, USA ƒ 953.39 19.0Eli Lilly, USA ƒ 2671.37 18.8Adobe Systems, USA ƒ 460.47 18.5Allergan, USA ƒ 554.95 18.1Novartis, Switzerland 5021.56 17.4Bristol-Myers Squibb, USA ƒ 2493.39 16.8Sanofi-Aventis, France 4454.76 16.7Pfizer, USA ƒ 5525.80 16.5Novo Nordisk, Denmark 961.85 16.3AstraZeneca, UK 3503.27 15.9Ericsson, Sweden 2876.51 15.7Texas Instruments, USA ƒ 1349.28 15.5Microsoft, USA ƒ 6266.52 15.4GlaxoSmithKline, UK 3708.00 15.2Intel, USA ƒ 3979.69 15.2Wyeth, USA ƒ 2346.09 14.8SAP, Germany 1572.89 14.1Astellas Pharma, Japan ƒ 1031.70 13.8EMC, USA ƒ 1424.28 13.8Applied Materials, USA ƒ 767.93 13.6Motorola, USA ƒ 2857.84 13.6Cisco Systems, USA ƒ 3583.95 13.0Gilead Sciences, USA ƒ 479.20 12.9Google, USA ƒ 1942.69 12.8Boston Scientific, USA ƒ 699.68 12.5St Jude Medical, USA ƒ 369.87 12.2Johnson & Johnson, USA ƒ 5269.86 11.9Oracle, USA ƒ 1924.47 11.9Corning, USA ƒ 436.08 10.5Nokia, Finland 5144.04 10.5eBay, USA ƒ 583.04 9.8Medtronic, USA ƒ 942.41 9.3Abbott Laboratories, USA ƒ 1870.09 9.1Canon, Japan ƒ 2869.79 9.1Monsanto, USA ƒ 681.60 8.5Bayer, Germany 2634.38 8.3Syngenta, Switzerland 673.95 8.3Tencent, China 57.36 7.9Taiwan Semiconductor Manufacturing,Taiwan ƒ455.26 6.4CSL, Australia ƒ 109.17 6.3Boeing, USA ƒ 2620.67 6.2Research In Motion, Canada ƒ 476.22 6.2Matsushita Electric (now Panasonic), Japan ƒ 4254.81 6.1Philips Electronics, The Netherlands 1559.36 6.1Telstra, Australia ƒ 731.26 6.1Automatic Data Processing, USA ƒ 365.77 6.0Sony, Japan ƒ 3994.17 5.9IBM, USA ƒ 4183.48 5.8Samsung Electronics, South Korea ƒ 3851.47 5.8Danaher, USA ƒ 504.55 5.7Becton Dickinson, USA ƒ 275.59 5.5Stryker, USA ƒ 255.81 5.5BMW, Germany 2768.76 5.4Volvo, Sweden 1430.21 5.4BT, UK 1119.00 5.2Volkswagen, Germany 5728.93 5.2Toshiba, Japan ƒ 3017.62 5.1Ford Motor, USA ƒ 5077.20 5.0Honda Motor, Japan ƒ 4511.24 4.9Kyocera, Japan ƒ 472.68 4.8Siemens, Germany 3708.43 4.7Daimler, Germany 4290.41 4.6DuPont, USA ƒ 968.84 4.6Honeywell, USA ƒ 1073.17 4.2Nissan Motor, Japan ƒ 3510.13 4.2Fanuc, Japan ƒ 143.71 4.0Deutsche Borse, Germany 101.12 3.9Schneider, France 684.46 3.9Deere, USA ƒ 655.93 3.7Vestas Wind Systems, Denmark 215.58 3.7Toyota Motor, Japan ƒ 7357.23 3.6Shin-Etsu Chemical, Japan ƒ 367.87 3.53M, USA ƒ 591.88 3.4Apple, USA ƒ 778.97 3.4Caterpillar, USA ƒ 1201.84 3.4Mitsubishi Electric, Japan ƒ 1053.39 3.4Mitsubishi Heavy, Japan ƒ 828.35 3.4ABB, Switzerland ƒ 804.70 3.3ALSTOM, France 600.35 3.3L'Oreal, France 561.97 3.3Covidien, Bermuda ƒ 237.17 3.2Vivendi, France 697.02 2.8Hyundai Motor, South Korea ƒ 1209.59 2.7Procter & Gamble, USA ƒ 1548.20 2.7Dexia, Belgium 87.97 2.6NTT, Japan ƒ 2079.74 2.5Bharat Heavy Electricals, India ƒ 66.20 2.4Thermo Fisher Scientific, USA ƒ 173.25 2.4Dow Chemical, USA ƒ 911.11 2.3National Australia Bank, Australia ƒ 103.77 2.3Telecom Italia, Italy 680.59 2.3Unilever, UK 896.17 2.3BASF, Germany 1326.37 2.2China Coal Energy, China 112.13 2.2Komatsu, Japan ƒ 381.13 2.2Nintendo, Japan ƒ 283.90 2.2Raytheon, USA ƒ 359.58 2.2Reed Elsevier, UK 115.00 2.2Nestle, Switzerland 1528.46 2.1Royal Bank of Scotland, UK 602.00 2.1Korea Electric Power, South Korea ƒ 341.27 2.0Weatherford International, USA ƒ 134.00 2.0Emerson Electric, USA ƒ 318.54 1.8Halliburton, USA ƒ 226.74 1.8Colgate-Palmolive, USA ƒ 176.03 1.7France Telecom, France 870.07 1.7General Electric, USA ƒ 2100.43 1.7Northrop Grumman, USA ƒ 400.61 1.7Chunghwa Telecom, Taiwan ƒ 66.63 1.6General Dynamics, USA ƒ 329.67 1.6Reckitt Benckiser, UK 105.00 1.6Shanghai Electric, Hong Kong ƒ 98.83 1.6Accenture, Bermuda ƒ 271.37 1.5Kimberly-Clark, USA ƒ 206.57 1.5L'Air Liquide, France 185.04 1.5Nordea Bank, Sweden 122.78 1.5General Mills, USA ƒ 144.67 1.4Kellogg, USA ƒ 125.89 1.4Societe Generale, France 300.66 1.4BAE Systems, UK 213.00 1.3Danone, France 191.42 1.3Philip Morris International, USA ƒ 232.30 1.3Barclays, UK 274.00 1.2Hon Hai Precision Industry, Taiwan ƒ 501.44 1.2Illinois Tool Works, USA ƒ 146.56 1.2Dell, USA ƒ 461.12 1.1JFE, Japan ƒ 302.94 1.1Johnson Controls, USA ƒ 294.90 1.1Lloyds TSB (now Lloyds Banking), UK 80.00 1.1TeliaSonera, Sweden 99.12 1.1UniCredit, Italy 275.28 1.1Air Products and Chemicals, USA ƒ 73.52 1.0Deutsche Telekom, Germany 593.58 1.0Intesa Sanpaolo, Italy 167.25 1.0Commonwealth Bank of Australia, Australia 63.52 0.9HSBC, UK 531.37 0.9Nippon Steel, Japan ƒ 347.80 0.9PepsiCo, USA ƒ 269.86 0.9Praxair, USA ƒ 67.46 0.9Saint-Gobain, France 372.20 0.9China Railway Construction, China 178.99 0.8Linde, Germany 100.54 0.8Petroleo Brasiliero, Brazil ƒ 654.47 0.8Swisscom, Switzerland 60.77 0.8Altria, USA ƒ 161.36 0.7AT&T, USA ƒ 578.66 0.7Electricite de France, France 407.00 0.7Japan Tobacco, Japan ƒ 346.52 0.7Kansai Electric Power, Japan ƒ 150.51 0.7PetroChina, China 791.05 0.7Tokyo Electric Power, Japan ƒ 297.69 0.7Vodafone, UK 280.00 0.7Chubu Electric Power, Japan ƒ 107.77 0.6East Japan Railway, Japan ƒ 120.07 0.6Gazprom, Russia 454.47 0.6Rio Tinto, UK 213.52 0.6Sasol, South Africa 57.25 0.6Tenaris, Luxembourg 53.76 0.6KDDI, Japan ƒ 150.13 0.5KPN, The Netherlands 72.51 0.5BHP Billiton, UK 169.70 0.4Bouygues, France 134.38 0.4CNOOC, Hong Kong ƒ 51.69 0.4RWE, Germany 203.02 0.4Saudi Basic Industries, Saudi Arabia ƒ 105.84 0.4Tesco, UK 192.00 0.4TOTAL, France 591.65 0.4Anheuser-Busch Inbev, Belgium 50.27 0.3Chevron, USA ƒ 580.75 0.3256 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data257

Table 13Ranking of top 1,000 global companies by R&D intensity within listing statusTable 13Ranking of top 1,000 global companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesIberdrola, Spain 70.67 0.3Airvana, USA ƒ 52.04 54.2STMicroelectronics, The Netherlands 1493.25 21.9Finisar, USA ƒ 64.03 17.0Royal Dutch Shell, UK 880.51 0.3Rambus, USA ƒ 53.01 53.5Tekelec, USA ƒ 69.98 21.8Gen-Probe, USA ƒ 56.00 17.0StatoilHydro (now Statoil), Norway 222.80 0.3Cadence Design Systems, USA ƒ 329.33 45.6Novellus Systems, USA ƒ 152.78 21.7Parametric Technology, USA ƒ 126.60 17.0Veolia Environnement, France 98.22 0.3Interdigital, USA ƒ 70.42 44.3Kudelski, Switzerland 144.77 21.6Progress Software, USA ƒ 61.06 17.0ArcelorMittal, Luxembourg 205.18 0.2Midway Games, USA ƒ 66.34 43.4Red Hat, USA ƒ 97.43 21.5Shire, UK ƒ 357.56 17.0BP, UK 413.83 0.2PDL BioPharma, USA ƒ 116.08 43.0Dassault Systemes, France 274.87 21.3Skyworks Solutions, USA ƒ 101.55 17.0China Petroleum & Chemical, China 349.35 0.2Salix Pharmaceuticals, USA ƒ 53.30 42.9UCB, Belgium 741.49 21.3Linear Technology, USA ƒ 137.08 16.8Deutsche Post, Germany 124.71 0.2Elan, Ireland 220.34 41.6Intuit, USA ƒ 452.09 21.2Advantest, Japan ƒ 234.07 16.7Eni, Italy 208.82 0.2Applied Micro Circuits, USA ƒ 58.90 39.5Cymer, USA ƒ 67.09 21.0OmniVision Technologies, USA ƒ 59.04 16.7Exxon Mobil, USA ƒ 589.09 0.2Myriad Genetics, USA ƒ 89.68 38.6National Semiconductor, USA ƒ 212.83 21.0Atmel, USA ƒ 181.05 16.6GDF Suez, France 122.78 0.2Onyx Pharmaceuticals, USA ƒ 50.81 37.6QLogic, USA ƒ 92.68 21.0TIBCO Software, USA ƒ 74.14 16.5Metro, Germany 129.54 0.2Regeneron Pharmaceuticals, USA ƒ 59.68 36.0Quest Software, USA ƒ 106.74 20.9ADTRAN, USA ƒ 56.91 16.3ConocoPhillips, USA ƒ 145.36 0.1Realtek Semiconductor, Taiwan ƒ 125.79 35.3Citrix Systems, USA ƒ 228.90 20.8Kla-Tencor, USA ƒ 285.14 16.3E.ON, Germany 98.61 0.1Mentor Graphics, USA ƒ 181.08 33.0Affymetrix, USA ƒ 58.97 20.7Merck, Germany 1193.35 16.3Enel, Italy 65.74 0.1UBIsoft Entertainment, France 294.28 32.8Novell, USA ƒ 137.81 20.6F5 Networks, USA ƒ 73.09 16.2Lukoil, Russia ƒ 66.07 0.1Electronic Arts, USA ƒ 945.19 32.3Juniper Networks, USA ƒ 508.52 20.5TriQuint Semiconductor, USA ƒ 63.62 16.0Repsol YPF, Spain 80.24 0.1Broadcom, USA ƒ 1041.64 32.2Micronas Semiconductor, Switzerland 80.07 20.5Informatica, USA ƒ 50.44 15.9OSI Pharmaceuticals, USA ƒ 94.13 31.9Analog Devices, USA ƒ 379.83 20.2McAfee, USA ƒ 175.28 15.82 Listed (716) 143790.63 4.0Marvell Technology, Bermuda ƒ 646.82 31.5Lundbeck, Denmark 290.09 19.8BMC Software, USA ƒ 201.21 15.5Mannkind, USA ƒ 174.18 >999Advanced Micro Devices, USA ƒ 1285.30 31.4Teradyne, USA ƒ 150.55 19.6Infinera, USA ƒ 55.94 15.5Orexigen Therapeutics, USA ƒ 55.13 >999Silicon Image, USA ƒ 58.99 30.9Crucell, The Netherlands 50.33 19.5Eclipsys, USA ƒ 55.37 15.4Altus Pharmaceuticals, USA ƒ 56.61 >999Medicines, USA ƒ 73.53 30.4Xilinx, USA ƒ 247.18 19.5Nortel Networks, Canada ƒ 1094.03 15.1Incyte, USA ƒ 101.34 >999Abraxis Bioscience, USA ƒ 72.05 30.0Ciena, USA ƒ 121.73 19.4ANSYS, USA ƒ 49.79 15.0Synta Pharmaceuticals, USA ƒ 56.74 >999PMC-Sierra, USA ƒ 109.64 30.0Medicis Pharmaceutical, USA ƒ 69.49 19.3Verigy, Singapore ƒ 71.64 14.9NicOx, France 71.83 >999Synopsys, USA ƒ 276.64 29.8RF Micro Devices, USA ƒ 118.78 19.3Avocent, USA ƒ 67.27 14.7Arena Pharmaceuticals, USA ƒ 140.49 >999Cubist Pharmaceuticals, USA ƒ 88.10 29.2Sepracor, USA ƒ 171.66 19.1NetApp, USA ƒ 346.71 14.6Basilea Pharmaceutica, Switzerland ƒ 62.57 812.8Sunplus Technology, Taiwan ƒ 98.23 28.7Altera, USA ƒ 179.24 18.9Open Text, Canada ƒ 73.65 14.6Human Genome Sciences, USA ƒ 135.13 401.2Maxim Integrated Products, USA ƒ 401.83 28.1Spansion, USA ƒ 300.33 18.9CA, USA ƒ 431.91 14.5Medarex, USA ƒ 124.39 342.0Ono Pharmaceutical, Japan ƒ 299.14 26.7Eisai, Japan ƒ 1059.04 18.8Misys, UK 99.50 14.4Seattle Genetics, USA ƒ 77.16 314.9Emulex, USA ƒ 89.88 26.5RealNetworks, USA ƒ 79.07 18.8Symantec, USA ƒ 611.84 14.3Theravance, USA ƒ 48.49 301.9Amylin Pharmaceuticals, USA ƒ 151.85 26.0Shionogi, Japan ƒ 309.13 18.8Sega Sammy, Japan ƒ 501.68 14.2Lexicon Pharmaceuticals, USA ƒ 56.61 251.8Exelixis, USA ƒ 179.02 218.4Vertex Pharmaceuticals, USA ƒ 263.09 215.5Osiris Therapeutics, USA ƒ 48.61 201.4Genmab, Denmark 184.81 190.9InterMune, USA ƒ 60.03 178.9Zymogenetics, USA ƒ 88.11 171.2Nektar Therapeutics, USA ƒ 73.37 117.0Nextwave Wireless, USA ƒ 100.36 115.2Cell Genesys, USA ƒ 64.37 97.9Intercell, Austria 49.99 92.7United Therapeutics, USA ƒ 166.35 85.0Vivus, USA ƒ 53.55 75.3Prithvi Information Solutions, India ƒ 113.45 70.8Polaris Software Lab, India ƒ 106.31 67.7Gameloft, France 68.31 64.0Kpit Cummins Infosystems, India ƒ 63.77 56.3Mindtree, India ƒ 99.47 56.3Zeltia, Spain 56.16 55.2Infogrames Entertainment (now Atari),France73.09 26.0NCsoft, South Korea ƒ 49.55 25.9ARM, UK 76.73 25.7Atheros Communications, USA ƒ 84.55 25.7Zoran, USA ƒ 78.29 25.7Actelion, Switzerland ƒ 244.74 25.4Electronics For Imaging, USA ƒ 97.68 25.1LSI, USA ƒ 467.74 25.1Nvidia, USA ƒ 595.27 25.0Autodesk, USA ƒ 400.68 24.9Conexant Systems, USA ƒ 87.05 24.9Silicon Laboratories, USA ƒ 70.39 24.4Integrated Device Technology, USA ƒ 112.11 24.3DSP, USA ƒ 51.37 24.2Palm, USA ƒ 123.25 24.1Sonus Networks, USA ƒ 50.23 23.0Standard Microsystems, USA ƒ 51.59 22.8CSR, UK 106.24 22.0Intersil, USA ƒ 99.86 18.7Alcatel-Lucent, France 3061.68 18.6Daiichi Sankyo, Japan ƒ 1254.27 18.6National Instruments, USA ƒ 106.15 18.6Kissei Pharmaceutical, Japan ƒ 87.17 18.5Cephalon, USA ƒ 251.92 18.3ASML, The Netherlands 516.03 18.1Dainippon Sumitomo Pharma, Japan ƒ 362.66 17.9Autonomy, UK 62.30 17.8Orbotech, Israel ƒ 53.28 17.8Tellabs, USA ƒ 212.27 17.7Avid Technology, USA ƒ 103.35 17.6Sybase, USA ƒ 137.45 17.5Brocade Communications, USA ƒ 177.75 17.4Cerner, USA ƒ 202.65 17.4Illumina, USA ƒ 69.53 17.4Nanya Technology, Taiwan ƒ 135.57 17.4Blue Coat Systems, USA ƒ 53.33 17.2Forest Laboratories, USA ƒ 459.94 17.2Anritsu, Japan ƒ 108.30 14.0Sun Microsystems, USA ƒ 1347.20 14.0Winbond Electronics, Taiwan ƒ 75.68 13.93Com, USA ƒ 125.18 13.7Orion, Finland 92.42 13.5Kyorin, Japan ƒ 83.07 13.4Finmeccanica, Italy 1708.24 13.3Nippon Shinyaku, Japan ƒ 60.60 13.3Varian Semiconductor Equipment, USA ƒ 77.37 13.3Ipsen, France 132.63 13.2KWS SAAT, Germany 76.33 13.2Macronix International, Taiwan ƒ 68.41 13.2Nuance Communications, USA ƒ 79.97 13.2THQ, USA ƒ 75.95 13.2Lam Research, USA ƒ 225.18 13.1Bang & Olufsen, Denmark 68.83 13.0Microchip Technology, USA ƒ 80.35 12.8Nice Systems, Israel ƒ 55.45 12.8SanDisk, USA ƒ 299.03 12.8258 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data259

Table 13Ranking of top 1,000 global companies by R&D intensity within listing statusTable 13Ranking of top 1,000 global companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesPolycom, USA ƒ 94.09 12.7ZTE, China ƒ 435.54 9.6Tokyo Ohka Kogyo, Japan ƒ 62.11 7.9Brother Industries, Japan ƒ 261.77 6.0Santen Pharmaceutical, Japan ƒ 99.30 12.5TPO Displays, Taiwan ƒ 67.20 9.5VeriSign, USA ƒ 85.87 7.9Juki, Japan ƒ 60.36 6.0Coherent, USA ƒ 51.67 12.4GN Store Nord, Denmark 68.97 9.4Gedeon Richter, Hungary 66.92 7.8Powerchip Semiconductor, Taiwan ƒ 69.65 6.0Biovail, Canada ƒ 64.57 12.3Hisamitsu Pharmaceutical, Japan ƒ 86.20 9.4Pioneer, Japan ƒ 455.72 7.7SAAB, Sweden 126.56 6.0JDS Uniphase, USA ƒ 130.83 12.3Plantronics, USA ƒ 50.12 9.4Konica Minolta, Japan ƒ 624.33 7.6Agfa-Gevaert, Belgium 173.05 5.9WMS Industries, USA ƒ 55.57 12.3SEI Investments, USA ƒ 81.72 9.4NEC, Japan ƒ 2702.33 7.6Bobst, Switzerland 63.13 5.9Agilent Technologies, USA ƒ 489.64 12.2Compuware, USA ƒ 70.61 9.3Semiconductor Manufacturing, China ƒ 71.11 7.6Esterline Technologies, USA ƒ 60.37 5.9Novozymes, Denmark 129.24 12.2Delphi, USA ƒ 1321.46 9.3Elpida Memory, Japan ƒ 229.74 7.4Garmin, Cayman Islands ƒ 143.35 5.9Valeant Pharmaceuticals, USA ƒ 67.52 12.2Ingenico, France 65.31 9.3Nippon Kayaku, Japan ƒ 82.67 7.4Gemalto, The Netherlands 95.09 5.9Vilmorin, France 106.15 12.2King Pharmaceuticals, USA ƒ 100.97 9.3Sanken Electric, Japan ƒ 104.90 7.4Hospira, USA ƒ 148.56 5.9MKS Instruments, USA ƒ 54.63 12.1Lexmark, USA ƒ 294.41 9.3Dassault Aviation, France 263.66 7.3Dainippon Screen Mfg, Japan ƒ 124.67 5.8BioMerieux, France 128.29 12.0William Demant, Denmark 64.69 9.3Fairchild Semiconductor, USA ƒ 78.52 7.2Logitech International, Switzerland ƒ 89.55 5.8Porsche Automobile, Germany 869.72 12.0Yokogawa Electric, Japan ƒ 313.63 9.3Spectris, UK 57.00 7.2Moog, USA ƒ 76.23 5.8Aastra Technologies, Canada ƒ 55.21 11.8Topcon, Japan ƒ 78.09 9.2Amdocs, UK ƒ 156.83 7.1Olympus, Japan ƒ 505.85 5.8Bruker, USA ƒ 91.04 11.8Akamai Technologies, USA ƒ 49.83 9.1Expedia, USA ƒ 145.33 7.1Ranbaxy Laboratories, India ƒ 61.59 5.8FEI, USA ƒ 48.95 11.7Disco, Japan ƒ 63.93 9.1Symrise, Germany 90.76 7.1Woodward Governor, USA ƒ 51.06 5.8Micron Technology, USA ƒ 472.95 11.6Intuitive Surgical, USA ƒ 55.20 9.1Tokyo Electron, Japan ƒ 490.31 7.1Autoliv, USA ƒ 255.39 5.7Mochida Pharmaceutical, Japan ƒ 65.90 11.5Teradata, USA ƒ 111.28 9.1Varian, USA ƒ 49.94 7.1Ricoh, Japan ƒ 967.02 5.7ON Semiconductor, USA ƒ 162.68 11.4Valeo, France 759.86 9.1Dragerwerk, Germany 130.59 7.0SAFRAN, France 588.75 5.7Check Point Software Technologies, Israel ƒ 63.73 11.3Beckman Coulter, USA ƒ 194.81 9.0Elbit Systems, Israel ƒ 128.66 7.0Sharp, Japan ƒ 1505.28 5.7Edwards Lifesciences, USA ƒ 96.82 11.2Bio-Rad Laboratories, USA ƒ 110.95 9.0Indra Sistemas, Spain 160.81 7.0Sumitomo Bakelite, Japan ƒ 99.06 5.7Hynix Semiconductor, South Korea ƒ 423.52 11.2Hitachi Kokusai Electric, Japan ƒ 136.72 9.0IDEXX Laboratories, USA ƒ 49.15 6.9Western Digital, USA ƒ 322.72 5.7Trimble Navigation, USA ƒ 103.12 11.2International Flavors & Fragrances, USA ƒ 147.93 8.9JEOL, Japan ƒ 49.77 6.9ADC Telecommunications, USA ƒ 58.08 5.6Infineon Technologies, Germany 650.62 11.0Krka, Slovenia 81.93 8.9STX Engine, South Korea ƒ 57.10 6.9PerkinElmer, USA ƒ 75.16 5.6Almirall, Spain 94.93 10.9Rohm, Japan ƒ 253.68 8.9DST Systems, USA ƒ 107.87 6.8Sumitomo Chemical, Japan ƒ 808.70 5.6Novatek Microelectronics, Taiwan ƒ 60.47 10.9International Game Technology, USA ƒ 155.10 8.8OC Oerlikon, Switzerland 221.53 6.8Ishihara Sangyo Kaisha, Japan ƒ 49.54 5.5Qiagen, The Netherlands ƒ 67.69 10.9Aristocrat Leisure, Australia ƒ 56.81 10.8Gsi Commerce, USA ƒ 72.32 10.8Hexagon, Sweden 136.94 10.8Sage, UK 139.70 10.8Chartered Semiconductor, Singapore ƒ 123.71 10.7Cypress Semiconductor, USA ƒ 134.60 10.7International Rectifier, USA ƒ 73.59 10.7Samsung Electro-Mechanics, South Korea ƒ 159.70 10.7Software, Germany 73.69 10.6Fair Isaac, USA ƒ 54.32 10.5Himax Technologies, Cayman Islands ƒ 60.91 10.5Investment Technology, USA ƒ 55.85 10.5Hamamatsu Photonics, Japan ƒ 77.96 10.3Givaudan, Switzerland 272.50 10.2Salesforce.com, USA ƒ 76.32 10.2Pliva, Croatia 70.08 10.1ASM International, The Netherlands ƒ 72.52 10.0Barco, Belgium 75.37 10.0Lawson Software, USA ƒ 59.38 10.0ProMOS Technologies, Taiwan ƒ 64.65 9.9Taisho Pharmaceutical, Japan ƒ 189.86 9.9Arris, USA ƒ 78.27 9.8Harman International Industries, USA ƒ 275.35 9.6Life Technologies, USA ƒ 99.11 8.8Oce, The Netherlands 246.49 8.8Endo Pharmaceuticals, USA ƒ 76.65 8.7Kyowa Hakko Kogyo(now Kyowa Hakko Kirin), Japan ƒ261.71 8.7Powerwave Technologies, USA ƒ 54.01 8.7Quantum, USA ƒ 49.06 8.7UTStarcom, USA ƒ 99.80 8.7VeriFone, USA ƒ 55.73 8.7Zebra Technologies, USA ƒ 59.20 8.7TomTom, The Netherlands 138.59 8.6Kaken Pharmaceutical, Japan ƒ 52.24 8.5Recordati, Italy 56.90 8.5United Microelectronics, Taiwan ƒ 175.36 8.5FLIR Systems, USA ƒ 62.57 8.4Rockwell Collins, USA ƒ 274.73 8.3Sysmex, Japan ƒ 70.75 8.3Tokyo Seimitsu, Japan ƒ 58.77 8.3Xyratex, Bermuda ƒ 60.74 8.3Sorin, Italy 60.09 8.2CR Bard, USA ƒ 138.48 8.1Seagate Technology, Cayman Islands ƒ 714.98 8.1Pace, UK 59.58 8.0HORIBA, Japan ƒ 81.81 7.9Omron, Japan ƒ 395.30 6.8USEC, USA ƒ 76.65 6.8Inverness Medical Innovations, USA ƒ 77.78 6.7Murata Manufacturing, Japan ƒ 324.41 6.7Watson Pharmaceuticals, USA ƒ 118.32 6.7Zodiac, France 130.18 6.7Netflix, USA ƒ 62.51 6.6TDK, Japan ƒ 440.31 6.6Varian Medical Systems, USA ƒ 94.31 6.6Japan Radio, Japan ƒ 64.68 6.4Millipore, USA ƒ 71.36 6.4Continental, Germany 1473.51 6.3Itron, USA ƒ 83.95 6.3BE Aerospace, USA ƒ 91.39 6.2Heidelberger Druckmaschinen, Germany 179.82 6.2Mylan, USA ƒ 220.63 6.2Roland, Japan ƒ 51.72 6.2Sonova, Switzerland 50.56 6.2Alps Electric, Japan ƒ 324.22 6.1HTC, Taiwan ƒ 198.19 6.1Nikon, Japan ƒ 447.88 6.1Renault, France 2160.67 6.1Seiko Epson, Japan ƒ 635.84 6.1Solvay, Belgium 558.78 6.1General Motors(now Motors Liquidation), USA ƒ5564.06 5.4Japan Aviation Electronics Industry, Japan ƒ 65.15 5.4Rolls-Royce, UK 490.00 5.4Crane, USA ƒ 95.91 5.3Eastman Kodak, USA ƒ 348.45 5.3EPCOS, Germany 75.06 5.3Funai Electric, Japan ƒ 113.47 5.3Synthes, Switzerland ƒ 118.14 5.3Yamaha Motor, Japan ƒ 652.87 5.3Glory, Japan ƒ 73.78 5.2Harris, USA ƒ 191.26 5.2Lonza, Switzerland 99.33 5.2Mettler-Toledo International, Switzerland ƒ 71.14 5.2Thomson, France 248.45 5.2Waters, USA ƒ 56.75 5.2Meggitt, UK 59.40 5.1Modine Manufacturing, USA ƒ 56.08 5.1MTU Aero Engines, Germany 133.60 5.1NewMarket, USA ƒ 56.86 5.1Rheinmetall, Germany 192.38 5.1Terumo, Japan ƒ 120.88 5.1Invensys, UK 114.00 5.0NGK Spark Plug, Japan ƒ 133.85 5.0260 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data261

Table 13Ranking of top 1,000 global companies by R&D intensity within listing statusTable 13Ranking of top 1,000 global companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesDEUTZ, Germany 70.96 4.9Adeka, Japan ƒ 56.89 3.9Mattel, USA ƒ 132.29 3.2Ibiden, Japan ƒ 82.76 2.6Fujitsu, Japan ƒ 1985.06 4.9BorgWarner, USA ƒ 143.07 3.9Meidensha, Japan ƒ 50.10 3.2MAN, Germany 409.90 2.6Hologic, USA ƒ 56.63 4.9Krones, Germany 112.51 4.9Molex, USA ƒ 114.06 4.9Cobham, UK 70.60 4.8Hasbro, USA ƒ 133.14 4.8Essilor International, France 139.71 4.7JSR, Japan ƒ 146.69 4.7Kongsberg Gruppen, Norway 51.55 4.7SMC, Japan ƒ 127.72 4.7Zimmer, USA ƒ 134.93 4.7Coloplast, Denmark 50.14 4.6Delta Electronics, Taiwan ƒ 136.63 4.6Getinge, Sweden 78.63 4.6Tognum, Germany 139.21 4.6Thales, France 550.27 4.5Visteon, USA ƒ 301.85 4.5Wincor Nixdorf, Germany 101.05 4.5Yamaha, Japan ƒ 190.78 4.5Koito Manufacturing, Japan ƒ 159.59 4.4Kureha, Japan ƒ 50.20 4.4Legrand, France 176.82 4.4Peugeot (PSA), France 2293.12 4.4Sopra, France 48.43 4.4Takata, Japan ƒ 173.73 4.4Aisin Seiki, Japan ƒ 884.89 4.3IMMSI, Italy 71.75 4.3SK, South Korea ƒ 208.96 4.3Xerox, USA ƒ 521.63 4.3AREVA, France 535.58 4.2DSM, The Netherlands 380.90 4.2Tokai Rika, Japan ƒ 140.60 4.2Advanced Semiconductor Engineering,Taiwan ƒ82.16 4.1Burelle, France 108.43 4.1Keyence, Japan ƒ 62.74 4.1Nidec, Japan ƒ 230.95 4.1Ssangyong Motor, South Korea ƒ 70.61 4.1Zeon, Japan ƒ 94.19 4.1American Axle & Manufacturing, USA ƒ 59.12 4.0Goodrich, USA ƒ 197.52 4.0Kinetic Concepts, USA ƒ 52.75 4.0NCR, USA ƒ 146.75 4.0Perrigo, USA ƒ 50.21 4.0Polaris Industries, USA ƒ 53.88 4.0Sauer-Danfoss, USA ƒ 57.67 4.0Shimano, Japan ƒ 71.77 4.0Smith & Nephew, UK 105.72 4.0Yamatake, Japan ƒ 75.53 4.0Ciba, Switzerland(now part of BASF, Germany) ƒ150.30 3.9Danisco, Denmark 93.39 3.9MiTAC International, Taiwan ƒ 53.71 3.9Rieter, Switzerland 79.92 3.9Toyoda Gosei, Japan ƒ 199.41 3.9BYD, China ƒ 102.77 3.8Hitachi, Japan ƒ 3285.23 3.8Mitsubishi Chemical, Japan ƒ 859.84 3.8Namco Bandai, Japan ƒ 134.91 3.8Roper Industries, USA ƒ 60.79 3.8Wacker-Chemie, Germany 157.77 3.8Chunghwa Picture Tubes, Taiwan ƒ 92.25 3.7Kuraray, Japan ƒ 117.01 3.7Nippon Shokubai, Japan ƒ 85.77 3.7Stada Arzneimittel, Germany 59.09 3.7Taiyo Yuden, Japan ƒ 68.20 3.7Baker Hughes, USA ƒ 296.29 3.6Hoya, Japan ƒ 133.61 3.6Meiji Seika Kaisha (now Meiji), Japan ƒ 113.30 3.6Nissin Kogyo, Japan ƒ 56.11 3.6Tokuyama, Japan ƒ 85.64 3.6Tyco Electronics, Bermuda ƒ 368.62 3.6Ulvac, Japan ƒ 65.88 3.6Wabco, USA ƒ 64.61 3.6Koenig & Bauer, Germany 52.40 3.5Teijin, Japan ƒ 278.38 3.5Amer Sports, Finland 52.20 3.4Calsonic Kansei, Japan ƒ 214.32 3.4CommScope, USA ƒ 93.74 3.4Fuji Electric, Japan ƒ 239.85 3.4Inventec Appliances, Taiwan ƒ 49.54 3.4Kao, Japan ƒ 345.81 3.4Pitney Bowes, USA ƒ 147.95 3.4Rockwell Automation, USA ƒ 133.05 3.4Samsung Techwin, South Korea ƒ 64.04 3.4Sanyo Electric, Japan ƒ 550.88 3.4Techtronic Industries, Hong Kong ƒ 80.43 3.4Asahi Kasei, Japan ƒ 430.98 3.3Central Glass, Japan ƒ 48.57 3.3Fiat, Italy 1919.95 3.3Fuji Heavy Industries, Japan ƒ 399.14 3.3Galenica, Switzerland 57.70 3.3Kaneka, Japan ƒ 127.45 3.3Mazda Motor, Japan ƒ 877.76 3.3NGK Insulators, Japan ƒ 93.35 3.3Citizen, Japan ƒ 82.87 3.2Georg Fischer, Switzerland 93.45 3.2Pirelli, Italy 150.81 3.2Sumitomo Rubber Industries, Japan ƒ 148.48 3.2Textron, USA ƒ 331.06 3.2EMBRAER, Brazil ƒ 137.02 3.1Henkel, Germany 424.40 3.1Isuzu Motors, Japan ƒ 462.67 3.1Kerry, Ireland 142.55 3.1Nippon Paint, Japan ƒ 61.54 3.1Smiths, UK 72.50 3.1Suzuki Motor, Japan ƒ 834.34 3.1Tatung, Taiwan ƒ 124.62 3.1TietoEnator (now Tieto), Finland 55.97 3.1Daifuku, Japan ƒ 53.43 3.0FMC, USA ƒ 65.24 3.0Leoni, Germany 84.12 3.0Lottomatica, Italy 60.42 3.0Lubrizol, USA ƒ 104.05 3.0Michelin, France 482.41 3.0Minebea, Japan ƒ 76.34 3.0Mitsubishi Rayon, Japan ƒ 95.98 3.0Nitto Denko, Japan ƒ 169.54 3.0Shimadzu, Japan ƒ 67.48 3.0Swatch, Switzerland 111.74 3.0Bridgestone, Japan ƒ 715.50 2.9China South Locomotive, China 102.46 2.9Cummins, USA ƒ 293.50 2.9Daicel Chemical Industries, Japan ƒ 92.10 2.9Harley-Davidson, USA ƒ 113.72 2.9Toyo Ink Manufacturing, Japan ƒ 57.95 2.9Bucher Industries, Switzerland 51.04 2.8NTN, Japan ƒ 115.14 2.8Pall, USA ƒ 49.83 2.8PPG Industries, USA ƒ 313.67 2.8Rinnai, Japan ƒ 50.23 2.8Sumitomo Electric, Japan ƒ 554.52 2.8Toray Industries, Japan ƒ 351.62 2.8Valspar, USA ƒ 67.15 2.8Yakult Honsha, Japan ƒ 68.69 2.8Yokohama Rubber, Japan ƒ 117.31 2.8Ajinomoto, Japan ƒ 252.23 2.7Arkema, France 145.01 2.7Eaton, USA ƒ 290.03 2.7Sekisui Chemical, Japan ƒ 197.49 2.7Toyo Tire, Japan ƒ 73.80 2.7Asahi Glass, Japan ƒ 289.26 2.6Bekaert, Belgium 66.26 2.6Brunswick, USA ƒ 84.99 2.6Dana, USA † ƒ 146.44 2.6Mitsubishi Gas Chemical, Japan ƒ 104.07 2.6Navistar International, USA ƒ 264.29 2.6Sanden, Japan ƒ 52.68 2.6Sandvik, Sweden 215.13 2.6Toyota Boshoku, Japan ƒ 243.36 2.6Wartsila, Finland 116.98 2.6Assa Abloy, Sweden 78.28 2.5Daikin Industries, Japan ƒ 246.10 2.5Denki Kagaku Kogyo, Japan ƒ 63.98 2.5Diebold, USA ƒ 54.99 2.5Dover, USA ƒ 131.59 2.5Federal-Mogul, USA ƒ 120.53 2.5Hanjin Heavy Industries, South Korea ƒ 52.09 2.5LG, South Korea ƒ 1260.71 2.5Lion, Japan ƒ 65.39 2.5OKI Electric, Japan ƒ 139.88 2.5Pou Chen, Taiwan ƒ 110.60 2.5Showa, Japan ƒ 54.60 2.5Sumco, Japan ƒ 75.91 2.5Tokai Rubber Industries, Japan ƒ 60.68 2.5Toyobo, Japan ƒ 83.46 2.5Unisys, USA ƒ 89.72 2.5WR Grace, USA ƒ 57.52 2.5Yaskawa Electric, Japan ƒ 74.73 2.5Amada, Japan ƒ 53.06 2.4Black & Decker, USA ƒ 101.54 2.4Casio Computer, Japan ƒ 113.17 2.4Kawasaki Heavy Industries, Japan ƒ 277.97 2.4Micro-Star International, Taiwan ƒ 51.73 2.4Mitsui Chemicals, Japan ƒ 323.25 2.4Toto, Japan ƒ 92.08 2.4AGCO, USA ƒ 135.28 2.3Alfa Laval, Sweden 57.52 2.3Atlas Copco, Sweden 151.10 2.3Cabot, USA ƒ 51.47 2.3Clariant, Switzerland 120.24 2.3Eastman Chemical, USA ƒ 109.89 2.3Kemira, Finland 64.19 2.3Paccar, USA ƒ 237.72 2.3Whirlpool, USA ƒ 303.24 2.3AKZO Nobel, The Netherlands 322.89 2.2ASUSTeK Computer, Taiwan ƒ 305.06 2.2CGGVeritas, France 55.59 2.2Chi Mei Optoelectronic, Taiwan ƒ 147.05 2.2Cooper Industries, USA ƒ 98.62 2.2Cytec Industries, USA ƒ 56.75 2.2Dai Nippon Printing, Japan ƒ 272.81 2.2Doosan Infracore, South Korea ƒ 51.81 2.2262 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data263

Table 13Ranking of top 1,000 global companies by R&D intensity within listing statusTable 13Ranking of top 1,000 global companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesGKN, UK 97.00 2.2Dowa, Japan ƒ 56.08 1.5Osaka Gas, Japan ƒ 78.10 0.8NXP, The Netherlands 833.91 22.0KBC, Belgium 103.44 2.2Fiserv, USA ƒ 51.47 1.5Salzgitter, Germany 92.42 0.8Freescale Semiconductor, USA ƒ 792.88 21.8PUMA, Germany 53.27 2.2Huntsman, USA ƒ 107.11 1.5Avon Products, USA ƒ 48.69 0.7Italtel, Italy 90.81 20.1Qisda, Taiwan ƒ 77.54 2.2Lanxess, Germany 93.77 1.5Cemex, Mexico ƒ 80.07 0.7LFB, France ƒ 64.35 18.9Clorox, USA ƒ 77.20 2.1Lenovo, Hong Kong ƒ 153.02 1.5Kyushu Electric Power, Japan ƒ 75.13 0.7Boehringer Ingelheim, Germany ƒ 2038.86 18.2Dongfeng Motor, Hong Kong ƒ 147.81 2.1Energizer, USA ƒ 63.78 2.1Fujikura, Japan ƒ 107.33 2.1Hankook Tire, South Korea ƒ 52.34 2.1ITT, USA ƒ 169.91 2.1Kubota, Japan ƒ 190.16 2.1Parker Hannifin, USA ƒ 177.59 2.1Tata Motors, India ƒ 210.80 2.1Electrolux, Sweden 184.00 2.0KT, South Korea ƒ 211.64 2.0Metso, Finland 124.71 2.0OneSteel, Australia ƒ 72.88 2.0Serco, UK 63.60 2.0Shiseido, Japan ƒ 111.76 2.0Showa Denko, Japan ƒ 154.01 2.0ArvinMeritor, USA ƒ 94.59 1.9Ebara, Japan ƒ 82.96 1.9Fidelity National Information, USA ƒ 58.98 1.9Goodyear, USA ƒ 254.56 1.9SKF, Sweden 105.46 1.9Trelleborg, Sweden 53.30 1.9UBE Industries, Japan ƒ 104.33 1.9Alliant Techsystems, USA ƒ 56.70 1.8Dongfang Electric, China ƒ 50.22 1.8Husqvarna, Sweden 50.66 1.8IHI, Japan ƒ 185.07 1.8Lite-On Technology, Taiwan ƒ 97.77 1.8Nalco, USA ƒ 51.47 1.8Newell Rubbermaid, USA ƒ 83.11 1.8NHK Spring, Japan ƒ 68.05 1.8Nippon Sheet Glass, Japan ƒ 119.05 1.8Sealed Air, USA ƒ 59.54 1.8Toppan Printing, Japan ƒ 228.13 1.8Toyota Industries, Japan ƒ 281.97 1.8Umicore, Belgium 162.06 1.8DnB NOR, Norway 59.00 1.7Fresenius, Germany ƒ 200.12 1.7Furukawa Electric, Japan ƒ 151.84 1.7Nok, Japan ƒ 70.20 1.7Rhodia, France 79.27 1.7SK Telecom, South Korea ƒ 134.23 1.7Tomkins, UK 64.47 1.7Bank of Ireland, Ireland 54.14 1.6Compal Electronics, Taiwan ƒ 159.47 1.6Tosoh, Japan ƒ 104.35 1.6Onex, Canada ƒ 221.42 1.5Sumitomo Heavy Industries, Japan ƒ 75.64 1.5Andritz, Austria 49.53 1.4Avery Dennison, USA ƒ 65.38 1.4Campbell Soup, USA ƒ 79.98 1.4DIC, Japan ƒ 119.56 1.4Ecolab, USA ƒ 59.81 1.4Electric Power Development, Japan ƒ 61.54 1.4Inventec, Taiwan ƒ 110.78 1.4JS, Japan ƒ 120.12 1.4Kobe Steel, Japan ƒ 231.25 1.4Mitsui Mining & Smelting, Japan ƒ 63.79 1.4TRW Automotive, USA ƒ 143.27 1.4Wistron, Taiwan ƒ 136.24 1.4AU Optronics, Taiwan ƒ 113.07 1.3BJ Services, USA ƒ 50.07 1.3Eramet, France 56.07 1.3Kone, Finland 56.36 1.3Marks & Spencer, UK 118.80 1.3Mitsubishi Motors, Japan ƒ 265.37 1.3NSK, Japan ƒ 78.57 1.3Oshkosh, USA ƒ 63.99 1.3Celanese, USA ƒ 55.64 1.2Smith International, USA ƒ 90.00 1.2Tenneco, USA ƒ 50.08 1.2GEA, Germany 57.13 1.1Johnson Matthey, UK 82.50 1.1Wendel, France 62.36 1.1Danske Bank, Denmark 77.16 1.0Estee Lauder, USA ƒ 56.27 1.0Hyosung, South Korea ƒ 54.94 1.0Ingersoll-Rand, Bermuda ƒ 91.53 1.0RSA Insurance, UK 70.00 1.0Telenor, Norway 99.73 1.0voestalpine, Austria 108.28 1.0AlCoA, USA ƒ 171.10 0.9Bombardier, Canada ƒ 118.93 0.9Cadbury, UK 64.00 0.9Fortune Brands, USA ƒ 49.52 0.9Hyundai Mobis, South Korea ƒ 66.99 0.9Nexans, France 60.91 0.9Oji Paper, Japan ƒ 89.00 0.9Quanta Computer, Taiwan ƒ 155.00 0.9adidas, Germany 78.31 0.8Lear, USA ƒ 78.59 0.8Mitsubishi Materials, Japan ƒ 89.59 0.7Norsk Hydro, Norway 60.20 0.7Schindler, Switzerland 65.35 0.7Stora Enso, Finland 77.53 0.7Terex, USA ƒ 49.52 0.7Tokyo Gas, Japan ƒ 76.34 0.7Acciona, Spain 68.93 0.6Asahi Breweries, Japan ƒ 69.63 0.6China Communications Construction, China 110.81 0.6Hyundai Heavy Industries, South Korea ƒ 97.32 0.6Koc, Turkey 142.31 0.6L-3 Communications, USA ƒ 59.81 0.6SCA, Sweden 56.47 0.6ThyssenKrupp, Germany 314.19 0.6Tyco International, Bermuda ƒ 88.33 0.6Daiwa House Industry, Japan ƒ 60.38 0.5Kajima, Japan ƒ 73.97 0.5Nippon Paper, Japan ƒ 49.75 0.5Samsung C&T, South Korea ƒ 51.42 0.5Shimizu, Japan ƒ 65.45 0.5Taisei, Japan ƒ 71.31 0.5Tohoku Electric Power, Japan ƒ 70.53 0.5West Japan Railway, Japan ƒ 51.53 0.5HeidelbergCement, Germany 50.85 0.4Idemitsu Kosan, Japan ƒ 118.87 0.4Israel, Israel 61.90 0.4McKesson, USA ƒ 304.63 0.4Obayashi, Japan ƒ 53.31 0.4China Telecom, China 49.95 0.3Nippon Mining, Japan ƒ 90.22 0.3Cardinal Health, USA ƒ 106.34 0.2Nippon Oil, Japan ƒ 97.39 0.2Old Mutual, UK 82.00 n/aRigel Pharmaceuticals, USA ƒ 76.28 n/aTerreStar, USA ƒ 51.16 n/a3 Unlisted (69) 16198.89 4.3Millennium Pharmaceuticals, USA (now partof Takeda Pharmaceutical, Japan) ƒ199.68 54.4SCI Entertainment (now Eidos), UK 72.20 54.0Sirf Technology, USA(now part of CSR, UK) ƒ75.61 46.8BIAL, Portugal ƒ 57.76 40.8Wind River Systems, USA(now part of Intel) ƒ58.35 23.3Credence Systems, USA(now part of LTX-Credence) ƒ53.66 16.7Avago Technologies, Singapore ƒ 184.31 15.6Trizetto, USA (now part of TZ Holdings) ƒ 49.12 15.6Chiesi Farmaceutici, Italy ƒ 104.21 14.4Foundry Networks, USA(now part of Brocade Communications) ƒ53.59 12.7Carl Zeiss, Germany 310.33 11.8Sick, Germany 69.69 9.8Hella, Germany 344.82 9.1Robert Bosch, Germany 3785.77 8.7Dyson James, UK ƒ 52.35 8.6Ruag, Switzerland 80.64 8.0Endress & Hauser, Switzerland 85.84 7.3Behr, Germany 232.99 7.1Diehl Stiftung & Co KG, Germany ƒ 152.26 7.1Trumpf, Germany ƒ 145.59 7.0Giesecke & Devrient, Germany 108.23 6.6Nycomed, Luxembourg 203.69 6.6Merial, UK ƒ 110.79 6.5Advanced Medical Optics(now Abbott Medical Optics), USA52.81 6.4(now part of Abbott Laboratories) ƒGrundfos, Denmark ƒ 144.16 5.8SunGard Data Systems, USA ƒ 226.04 5.8MAHLE, Germany ƒ 276.38 5.7ALTANA, Germany 69.67 5.4Hilti, Liechtenstein 166.83 5.4Voith, Germany 258.14 5.4ZF, Germany 647.72 5.4Korber, Germany ƒ 87.97 5.2Knorr-Bremse, Germany ƒ 165.64 5.1ZF Lenksysteme, Germany 113.79 4.5Danfoss, Denmark 154.05 4.4Liebherr, Switzerland ƒ 319.03 4.4Buhler, Switzerland 53.78 4.3Biomet, USA ƒ 57.17 3.9B Braun Melsungen, Germany 134.99 3.7Eberspaecher, Germany ƒ 79.85 3.7Claas, Germany 109.99 3.5Fagor Electrodomesticos, Spain 54.14 3.5Rohm & Haas, USA(now part of Dow Chemical) ƒ227.43 3.4Avio, Italy 50.93 3.2Freudenberg, Germany 155.16 3.2Schott, Germany 69.10 3.2264 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data265

Table 13Ranking of top 1,000 global companies by R&D intensity within listing statusTable 13Ranking of top 1,000 global companies by R&D intensity within listing status2008/09 R&D investment2008/09 R&D investment2008/09 R&D investment2008/09 R&D investmentCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesCompany £mas %of salesBSH Bosch und Siemens Hausgerate,Germany253.29 3.0Fujitsu Siemens Computers, TheNetherlands (now part of Fujitsu, Japan) ƒ129.64 2.0Benteler, Germany ƒ 119.20 1.9DONG Energy, Denmark 149.51 1.9Evonik Industries, Germany 294.86 1.9Caixa Geral de Depositos, Portugal 55.86 1.6Maxingvest, Germany 145.98 1.6Cognis Deutschland, Germany 54.14 1.4Rabobank, The Netherlands 156.61 1.4Borealis, Austria 80.24 1.2Hexion Specialty Chemicals, USA ƒ 50.77 1.2Meiji Dairies, Japan (now part of Meiji) ƒ 54.65 1.0Vattenfall, Sweden 150.58 1.0Hydro-Quebec, Canada ƒ 56.34 0.8FrieslandCampina, The Netherlands 49.30 0.5LyondellBasell Industries, Luxembourg ƒ 134.93 0.4SNCF, France 92.81 0.4Ineos, UK ƒ 83.14 0.3266 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data267

Table 14Ranking of the top 1,000 global companies by R&D investment by ownershipTable 14Ranking of the top 1,000 global companies by R&D investment by ownershipR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(08/08/09)(£m)Change(from03/08/087)(% pa)All companies composite 395806.24 7.0 18.6 37.3 3.4 10.6 1061260 -15.8 -2.2 9.2 11545141 8.3 21.6 306.1 2.6 9.5 36274399 3.7 8.0 10.6 1.2 5.9 n/a 9794492 -17.61 Listed (931) 379607.35 6.9 18.7 36.2 3.4 10.6 1047323 -14.9 -1.9 9.4 11169176 8.3 21.8 309.7 2.7 9.4 34747659 3.7 8.1 10.6 1.1 5.5 n/a 9794492 -17.62 Private (69) 16198.89 8.6 16.6 116.2 4.3 11.3 13937 -52.8 -17.6 3.7 375965 10.7 17.1 223.0 -2.6 10.1 1526740 2.9 6.1 10.5 5.0 15.5 n/a n/l n/lTable 15Ranking of the top 1,000 global companies by R&D investment within size band by sales and industryTable 15Ranking of the top 1,000 global companies by R&D investment with size band by sales and industryR&D investment (2008/9) Operating profit (2008/9)Sales (2008/9) Sales per employee (2008/9) Employees (2008/9)R&D Investment peremployee (2008/9)SalesMarket capCompany £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as % ofoperatingprofitas %of salesR&Dinvestmentplus capitalexpenditureas % ofsales £mGrowthover lastyear (%)Growthoveraverageof last 4years (%)as %of sales£mGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)NumberGrowthover lastyear (%)Growthoveraverageof last 4years (%) £’000Growthover lastyear (%)Growthoveraverageof last 4years (%)Outsidehomeregion(%)(08/08/09)(£m)Change(from03/08/087)(% pa)All companies composite 395806.24 7.0 18.6 37.3 3.4 10.6 1061260 -15.8 -2.2 9.2 11545141 8.3 21.6 306.1 2.6 9.5 36274399 3.7 8.0 10.6 1.2 5.9 n/a 9794492 -17.61 Sales over £5,000m (407) 317861.59 6.4 17.5 31.4 3.0 10.3 1012580 -11.5 2.2 9.7 10478574 9.5 22.8 329.7 4.1 11.6 30621746 3.9 8.1 10.1 1.3 4.9 n/a 8484413 -18.12 Sales over £500m up to £5,000m (482) 69259.78 8.8 22.8 132.3 6.6 13.0 52354 -55.3 -44.1 5.0 1043651 -0.5 12.7 180.5 -6.5 -1.2 5467562 2.2 7.5 12.2 -0.5 7.3 n/a 1229386 -14.63 Sales up to £500m (111) 8684.87 13.1 30.7 n/m 37.9 44.5 -3673 n/m >-999 -16.0 22916 -42.8 -38.3 115.7 -46.4 -46.9 185091 3.1 13.7 44.3 8.3 19.8 n/a 80693 -7.9268 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data269

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sector3Com, USA ƒ 478 80 Technology hardware & equipment3M, USA ƒ 140 5 General industrialsAastra Technologies, Canada ƒ 902 146 Technology hardware & equipmentABB, Switzerland ƒ 106 7 Electronic & electrical equipmentAbbott Laboratories, USA ƒ 54 16 Pharmaceuticals & biotechnologyAbraxis Bioscience, USA ƒ 727 80 Pharmaceuticals & biotechnologyAccenture, Bermuda ƒ 272 2 Support servicesAcciona, Spain 757 16 Construction & materialsActelion, Switzerland ƒ 292 38 Pharmaceuticals & biotechnologyActivision Blizzard, USA † ƒ 154 6 Leisure goodsADC Telecommunications, USA ƒ 857 142 Technology hardware & equipmentAdeka, Japan ƒ 872 69 Chemicalsadidas, Germany 675 10 Personal goodsAdobe Systems, USA ƒ 176 9 Software & computer servicesADTRAN, USA ƒ 870 143 Technology hardware & equipmentAdvanced Medical Optics (now Abbott Medical Optics), USA(now part of Abbott Laboratories) ƒ932 36 Health care equipment & servicesAdvanced Micro Devices, USA ƒ 71 15 Technology hardware & equipmentAdvanced Semiconductor Engineering, Taiwan ƒ 652 105 Technology hardware & equipmentAdvantest, Japan ƒ 297 56 Technology hardware & equipmentAffymetrix, USA ƒ 853 98 Pharmaceuticals & biotechnologyAGCO, USA ƒ 446 22 Industrial engineeringAgfa-Gevaert, Belgium 365 27 Electronic & electrical equipmentAgilent Technologies, USA ƒ 167 13 Electronic & electrical equipmentAir Products and Chemicals, USA ƒ 717 55 ChemicalsAirvana, USA ƒ 941 152 Technology hardware & equipmentAisin Seiki, Japan ƒ 93 17 Automobiles & partsAjinomoto, Japan ƒ 286 4 Food producersAkamai Technologies, USA ƒ 980 65 Software & computer servicesAKZO Nobel, The Netherlands 227 15 ChemicalsAlcatel-Lucent, France 27 5 Technology hardware & equipmentAlCoA, USA ƒ 367 7 Industrial metals & miningAlfa Laval, Sweden 862 50 Industrial engineeringAllergan, USA ƒ 150 26 Pharmaceuticals & biotechnologyAlliant Techsystems, USA ƒ 878 32 Aerospace & defenceAlmirall, Spain 596 65 Pharmaceuticals & biotechnologyAlps Electric, Japan ƒ 225 19 Electronic & electrical equipmentALSTOM, France 137 4 Industrial engineeringALTANA, Germany 750 56 ChemicalsAltera, USA ƒ 353 63 Technology hardware & equipmentAltria, USA ƒ 377 3 TobaccoAltus Pharmaceuticals, USA ƒ 880 103 Pharmaceuticals & biotechnologyAmada, Japan ƒ 929 56 Industrial engineeringAmazon.com, USA ƒ 100 1 General retailersAmdocs, UK ƒ 383 24 Software & computer servicesAmer Sports, Finland 939 26 Leisure goodsAmerican Axle & Manufacturing, USA ƒ 847 67 Automobiles & partsAmgen, USA ƒ 46 14 Pharmaceuticals & biotechnologyAmylin Pharmaceuticals, USA ƒ 394 49 Pharmaceuticals & biotechnologyAnalog Devices, USA ƒ 202 43 Technology hardware & equipmentAndritz, Austria 988 64 Industrial engineeringAnheuser-Busch Inbev, Belgium 966 4 BeveragesAnritsu, Japan ƒ 534 42 Electronic & electrical equipmentANSYS, USA ƒ 982 66 Software & computer servicesApple, USA ƒ 109 21 Technology hardware & equipmentApplied Materials, USA ƒ 110 22 Technology hardware & equipmentApplied Micro Circuits, USA ƒ 854 140 Technology hardware & equipmentArcelorMittal, Luxembourg 326 6 Industrial metals & miningArena Pharmaceuticals, USA ƒ 429 51 Pharmaceuticals & biotechnologyAREVA, France 156 1 ElectricityAristocrat Leisure, Australia ƒ 874 7 Travel & leisureArkema, France 418 26 ChemicalsARM, UK 689 113 Technology hardware & equipmentArris, USA ƒ 678 110 Technology hardware & equipmentArvinMeritor, USA ƒ 597 58 Automobiles & partsAsahi Breweries, Japan ƒ 752 3 BeveragesAsahi Glass, Japan ƒ 254 2 Construction & materialsAsahi Kasei, Japan ƒ 188 10 ChemicalsASM International, The Netherlands ƒ 722 119 Technology hardware & equipmentASML, The Netherlands 159 30 Technology hardware & equipmentAssa Abloy, Sweden 677 12 Construction & materialsAstellas Pharma, Japan ƒ 84 20 Pharmaceuticals & biotechnologyAstraZeneca, UK 24 7 Pharmaceuticals & biotechnologyASUSTeK Computer, Taiwan ƒ 236 47 Technology hardware & equipmentAT&T, USA ƒ 146 8 Fixed line telecommunicationsAtheros Communications, USA ƒ 640 104 Technology hardware & equipmentAtlas Copco, Sweden 396 18 Industrial engineeringAtmel, USA ƒ 351 62 Technology hardware & equipmentAU Optronics, Taiwan ƒ 517 41 Electronic & electrical equipmentAutodesk, USA ƒ 196 12 Software & computer servicesAutoliv, USA ƒ 282 33 Automobiles & partsAutomatic Data Processing, USA ƒ 207 1 Support servicesAutonomy, UK 817 54 Software & computer servicesAvago Technologies, Singapore ƒ 348 61 Technology hardware & equipmentAvery Dennison, USA ƒ 784 59 ChemicalsAvid Technology, USA ƒ 559 6 MediaAvio, Italy 958 34 Aerospace & defenceAvocent, USA ƒ 768 129 Technology hardware & equipmentAvon Products, USA ƒ 996 14 Personal goodsB Braun Melsungen, Germany 448 14 Health care equipment & servicesBAE Systems, UK 318 15 Aerospace & defenceBaker Hughes, USA ƒ 246 2 Oil equipment, services & distributionBang & Olufsen, Denmark 758 22 Leisure goodsBank of Ireland, Ireland 911 17 BanksBarclays, UK 268 5 BanksBarco, Belgium 704 60 Electronic & electrical equipmentBASF, Germany 69 2 ChemicalsBasilea Pharmaceutica, Switzerland ƒ 813 92 Pharmaceuticals & biotechnology270 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data271

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorBAT, UK 436 4 TobaccoBaxter International, USA ƒ 135 3 Health care equipment & servicesBayer, Germany 36 1 ChemicalsBE Aerospace, USA ƒ 615 23 Aerospace & defenceBeckman Coulter, USA ƒ 337 10 Health care equipment & servicesBecton Dickinson, USA ƒ 263 6 Health care equipment & servicesBehr, Germany 298 36 Automobiles & partsBekaert, Belgium 776 14 Industrial metals & miningBenteler, Germany ƒ 495 20 General industrialsBharat Heavy Electricals, India ƒ 777 44 Industrial engineeringBHP Billiton, UK 369 3 MiningBIAL, Portugal ƒ 859 99 Pharmaceuticals & biotechnologyBio-Rad Laboratories, USA ƒ 524 20 Health care equipment & servicesBiogen Idec, USA ƒ 113 23 Pharmaceuticals & biotechnologyBioMerieux, France 471 17 Health care equipment & servicesBiomet, USA ƒ 866 32 Health care equipment & servicesBiovail, Canada ƒ 793 89 Pharmaceuticals & biotechnologyBJ Services, USA ƒ 976 9 Oil equipment, services & distributionBlack & Decker, USA ƒ 564 8 Household goods & home constructionBlue Coat Systems, USA ƒ 923 63 Software & computer servicesBMC Software, USA ƒ 330 20 Software & computer servicesBMW, Germany 32 9 Automobiles & partsBobst, Switzerland 811 47 Industrial engineeringBoehringer Ingelheim, Germany ƒ 49 15 Pharmaceuticals & biotechnologyBoeing, USA ƒ 37 2 Aerospace & defenceBombardier, Canada ƒ 497 22 Aerospace & defenceBorealis, Austria 660 53 ChemicalsBorgWarner, USA ƒ 425 48 Automobiles & partsBoston Scientific, USA ƒ 118 2 Health care equipment & servicesBouygues, France 453 6 Construction & materialsBP, UK 191 8 Oil & gas producersBridgestone, Japan ƒ 116 22 Automobiles & partsBristol-Myers Squibb, USA ƒ 38 10 Pharmaceuticals & biotechnologyBritish Sky Broadcasting, UK 931 7 MediaBroadcom, USA ƒ 83 17 Technology hardware & equipmentBrocade Communications, USA ƒ 356 64 Technology hardware & equipmentBrother Industries, Japan ƒ 278 52 Technology hardware & equipmentBruker, USA ƒ 616 24 Health care equipment & servicesBrunswick, USA ƒ 639 18 Leisure goodsBSH Bosch und Siemens Hausgerate, Germany 285 4 Household goods & home constructionBT, UK 78 2 Fixed line telecommunicationsBucher Industries, Switzerland 957 60 Industrial engineeringBuhler, Switzerland 916 54 Industrial engineeringBurelle, France 533 56 Automobiles & partsBYD, China ƒ 561 46 Electronic & electrical equipmentCA, USA ƒ 187 11 Software & computer servicesCabot, USA ƒ 950 74 ChemicalsCadbury, UK 800 15 Food producersCadence Design Systems, USA ƒ 223 13 Software & computer servicesCaixa Geral de Depositos, Portugal 894 16 BanksCalsonic Kansei, Japan ƒ 316 37 Automobiles & partsCampbell Soup, USA ƒ 665 12 Food producersCanon, Japan ƒ 30 3 Electronic & electrical equipmentCardinal Health, USA ƒ 542 3 Food & drug retailersCarl Zeiss, Germany 234 5 Health care equipment & servicesCasio Computer, Japan ƒ 516 17 Leisure goodsCaterpillar, USA ƒ 76 2 Industrial engineeringCelanese, USA ƒ 897 72 ChemicalsCelgene, USA ƒ 131 25 Pharmaceuticals & biotechnologyCell Genesys, USA ƒ 795 90 Pharmaceuticals & biotechnologyCemex, Mexico ƒ 662 11 Construction & materialsCentral Glass, Japan ƒ 998 22 Construction & materialsCephalon, USA ƒ 287 37 Pharmaceuticals & biotechnologyCerner, USA ƒ 329 19 Software & computer servicesCGGVeritas, France 898 7 Oil equipment, services & distributionChartered Semiconductor, Singapore ƒ 484 82 Technology hardware & equipmentCheck Point Software Technologies, Israel ƒ 807 53 Software & computer servicesChevron, USA ƒ 145 6 Oil & gas producersChi Mei Optoelectronic, Taiwan ƒ 409 30 Electronic & electrical equipmentChiesi Farmaceutici, Italy ƒ 554 60 Pharmaceuticals & biotechnologyChina Coal Energy, China 519 4 MiningChina Communications Construction, China 525 9 Construction & materialsChina Petroleum & Chemical, China 212 9 Oil & gas producersChina Railway Construction, China 355 4 Construction & materialsChina South Locomotive, China 562 30 Industrial engineeringChina Telecom, China 978 14 Fixed line telecommunicationsChubu Electric Power, Japan ƒ 538 7 ElectricityChunghwa Picture Tubes, Taiwan ƒ 611 50 Electronic & electrical equipmentChunghwa Telecom, Taiwan ƒ 774 12 Fixed line telecommunicationsCiba, Switzerland (now part of BASF, Germany) ƒ 401 24 ChemicalsCiena, USA ƒ 488 84 Technology hardware & equipmentCisco Systems, USA ƒ 22 3 Technology hardware & equipmentCitizen, Japan ƒ 648 54 Electronic & electrical equipmentCitrix Systems, USA ƒ 303 17 Software & computer servicesClaas, Germany 529 28 Industrial engineeringClariant, Switzerland 491 29 ChemicalsClorox, USA ƒ 686 10 Household goods & home constructionCNOOC, Hong Kong ƒ 945 20 Oil & gas producersCobham, UK 741 26 Aerospace & defenceCognis Deutschland, Germany 911 73 ChemicalsCoherent, USA ƒ 946 80 Electronic & electrical equipmentColgate-Palmolive, USA ƒ 359 5 Personal goodsColoplast, Denmark 972 39 Health care equipment & servicesCommonwealth Bank of Australia, Australia 810 14 BanksCommScope, USA ƒ 603 49 Electronic & electrical equipmentCompal Electronics, Taiwan ƒ 381 29 Electronic & electrical equipmentCompuware, USA ƒ 739 50 Software & computer servicesConexant Systems, USA ƒ 633 103 Technology hardware & equipment272 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data273

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorConocoPhillips, USA ƒ 416 13 Oil & gas producersContinental, Germany 63 14 Automobiles & partsCooper Industries, USA ƒ 582 47 Electronic & electrical equipmentCorning, USA ƒ 185 39 Technology hardware & equipmentCovidien, Bermuda ƒ 296 8 Health care equipment & servicesCR Bard, USA ƒ 435 13 Health care equipment & servicesCrane, USA ƒ 594 33 Industrial engineeringCredence Systems, USA (now part of LTX-Credence) ƒ 919 149 Technology hardware & equipmentCrucell, The Netherlands 965 112 Pharmaceuticals & biotechnologyCSL, Australia ƒ 532 59 Pharmaceuticals & biotechnologyCSR, UK 544 89 Technology hardware & equipmentCubist Pharmaceuticals, USA ƒ 629 70 Pharmaceuticals & biotechnologyCummins, USA ƒ 251 9 Industrial engineeringCymer, USA ƒ 771 130 Technology hardware & equipmentCypress Semiconductor, USA ƒ 452 77 Technology hardware & equipmentCytec Industries, USA ƒ 875 71 ChemicalsDai Nippon Printing, Japan ƒ 270 2 MediaDaicel Chemical Industries, Japan ƒ 612 45 ChemicalsDaifuku, Japan ƒ 922 55 Industrial engineeringDaiichi Sankyo, Japan ƒ 73 17 Pharmaceuticals & biotechnologyDaikin Industries, Japan ƒ 291 3 Construction & materialsDaimler, Germany 13 6 Automobiles & partsDainippon Screen Mfg, Japan ƒ 481 81 Technology hardware & equipmentDainippon Sumitomo Pharma, Japan ƒ 208 30 Pharmaceuticals & biotechnologyDaiwa House Industry, Japan ƒ 833 11 Household goods & home constructionDana, USA † ƒ 413 46 Automobiles & partsDanaher, USA ƒ 162 11 Electronic & electrical equipmentDanfoss, Denmark 389 17 Industrial engineeringDanisco, Denmark 605 11 Food producersDanone, France 340 5 Food producersDanske Bank, Denmark 687 13 BanksDassault Aviation, France 276 14 Aerospace & defenceDassault Systemes, France 266 16 Software & computer servicesDeere, USA ƒ 124 3 Industrial engineeringDell, USA ƒ 175 36 Technology hardware & equipmentDelphi, USA ƒ 70 15 Automobiles & partsDelta Electronics, Taiwan ƒ 443 35 Electronic & electrical equipmentDenki Kagaku Kogyo, Japan ƒ 802 62 ChemicalsDenso, Japan ƒ 41 10 Automobiles & partsDeutsche Borse, Germany 566 1 Financial servicesDeutsche Post, Germany 479 1 Industrial transportationDeutsche Telekom, Germany 139 7 Fixed line telecommunicationsDEUTZ, Germany 736 42 Industrial engineeringDexia, Belgium 630 11 BanksDIC, Japan ƒ 494 30 ChemicalsDiebold, USA ƒ 905 147 Technology hardware & equipmentDiehl Stiftung & Co KG, Germany ƒ 393 15 General industrialsDisco, Japan ƒ 803 133 Technology hardware & equipmentDnB NOR, Norway 850 15 BanksDONG Energy, Denmark 403 12 Oil & gas producersDongfang Electric, China ƒ 969 62 Industrial engineeringDongfeng Motor, Hong Kong ƒ 408 45 Automobiles & partsDoosan Infracore, South Korea ƒ 942 58 Industrial engineeringDover, USA ƒ 463 19 General industrialsDow Chemical, USA ƒ 91 4 ChemicalsDowa, Japan ƒ 888 5 MiningDragerwerk, Germany 465 16 Health care equipment & servicesDSM, The Netherlands 201 11 ChemicalsDSP, USA ƒ 954 155 Technology hardware & equipmentDST Systems, USA ƒ 537 33 Software & computer servicesDuPont, USA ƒ 85 3 ChemicalsDyson James, UK ƒ 936 13 Household goods & home constructionE.ON, Germany 583 3 Gas, water & multiutilitiesEADS, The Netherlands 35 1 Aerospace & defenceEast Japan Railway, Japan ƒ 493 4 Travel & leisureEastman Chemical, USA ƒ 530 32 ChemicalsEastman Kodak, USA ƒ 213 9 Leisure goodsEaton, USA ƒ 253 7 General industrialsEbara, Japan ƒ 647 36 Industrial engineeringeBay, USA ƒ 144 2 General retailersEberspaecher, Germany ƒ 668 59 Automobiles & partsEclipsys, USA ƒ 901 61 Software & computer servicesEcolab, USA ƒ 839 66 ChemicalsEdwards Lifesciences, USA ƒ 592 22 Health care equipment & servicesEisai, Japan ƒ 81 19 Pharmaceuticals & biotechnologyElan, Ireland 313 40 Pharmaceuticals & biotechnologyElbit Systems, Israel ƒ 470 20 Aerospace & defenceElectric Power Development, Japan ƒ 821 12 ElectricityElectricite de France, France 194 2 ElectricityElectrolux, Sweden 349 6 Household goods & home constructionElectronic Arts, USA ƒ 89 5 Leisure goodsElectronics For Imaging, USA ƒ 587 97 Technology hardware & equipmentEli Lilly, USA ƒ 34 9 Pharmaceuticals & biotechnologyElpida Memory, Japan ƒ 302 24 Electronic & electrical equipmentEMBRAER, Brazil ƒ 440 17 Aerospace & defenceEMC, USA ƒ 66 12 Technology hardware & equipmentEmerson Electric, USA ƒ 230 20 Electronic & electrical equipmentEmulex, USA ƒ 621 101 Technology hardware & equipmentEndo Pharmaceuticals, USA ƒ 690 76 Pharmaceuticals & biotechnologyEndress & Hauser, Switzerland 636 51 Electronic & electrical equipmentEnel, Italy 781 11 ElectricityEnergizer, USA ƒ 805 70 Electronic & electrical equipmentEni, Italy 324 11 Oil & gas producersEPCOS, Germany 707 62 Electronic & electrical equipmentEramet, France 890 17 Industrial metals & miningEricsson, Sweden 29 6 Technology hardware & equipmentEssilor International, France 431 12 Health care equipment & servicesEstee Lauder, USA ƒ 885 12 Personal goods274 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data275

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorEsterline Technologies, USA ƒ 834 29 Aerospace & defenceEvonik Industries, Germany 248 6 General industrialsExelixis, USA ƒ 354 45 Pharmaceuticals & biotechnologyExpedia, USA ƒ 417 3 Travel & leisureExxon Mobil, USA ƒ 142 5 Oil & gas producersF5 Networks, USA ƒ 719 118 Technology hardware & equipmentFagor Electrodomesticos, Spain 911 12 Household goods & home constructionFair Isaac, USA ƒ 910 62 Software & computer servicesFairchild Semiconductor, USA ƒ 674 108 Technology hardware & equipmentFanuc, Japan ƒ 422 32 Electronic & electrical equipmentFederal-Mogul, USA ƒ 490 52 Automobiles & partsFEI, USA ƒ 995 159 Technology hardware & equipmentFiat, Italy 53 13 Automobiles & partsFidelity National Information, USA ƒ 852 6 Support servicesFinisar, USA ƒ 799 132 Technology hardware & equipmentFinmeccanica, Italy 55 3 Aerospace & defenceFiserv, USA ƒ 950 7 Support servicesFLIR Systems, USA ƒ 813 28 Aerospace & defenceFMC, USA ƒ 787 60 ChemicalsFord Motor, USA ƒ 9 4 Automobiles & partsForest Laboratories, USA ƒ 177 29 Pharmaceuticals & biotechnologyFortune Brands, USA ƒ 989 21 Construction & materialsFoundry Networks, USA (now part of Brocade Communications) ƒ 920 150 Technology hardware & equipmentFrance Telecom, France 97 3 Fixed line telecommunicationsFreescale Semiconductor, USA ƒ 107 20 Technology hardware & equipmentFresenius, Germany ƒ 331 9 Health care equipment & servicesFreudenberg, Germany 385 14 General industrialsFrieslandCampina, The Netherlands 991 17 Food producersFuji Electric, Japan ƒ 294 22 Electronic & electrical equipmentFuji Heavy Industries, Japan ƒ 198 26 Automobiles & partsFUJIFILM, Japan ƒ 64 4 Leisure goodsFujikura, Japan ƒ 539 43 Electronic & electrical equipmentFujitsu, Japan ƒ 50 3 Software & computer servicesFujitsu Siemens Computers, The Netherlands (now part of Fujitsu, Japan) ƒ 467 28 Software & computer servicesFunai Electric, Japan ƒ 513 40 Electronic & electrical equipmentFurukawa Electric, Japan ƒ 395 16 General industrialsGalenica, Switzerland 860 100 Pharmaceuticals & biotechnologyGameloft, France 761 51 Software & computer servicesGarmin, Cayman Islands ƒ 423 13 Leisure goodsGazprom, Russia 180 7 Oil & gas producersGDF Suez, France 486 2 Gas, water & multiutilitiesGEA, Germany 867 51 Industrial engineeringGedeon Richter, Hungary 773 87 Pharmaceuticals & biotechnologyGemalto, The Netherlands 595 48 Electronic & electrical equipmentGen-Probe, USA ƒ 891 106 Pharmaceuticals & biotechnologyGeneral Dynamics, USA ƒ 222 12 Aerospace & defenceGeneral Electric, USA ƒ 47 2 General industrialsGeneral Mills, USA ƒ 420 6 Food producersGeneral Motors (now Motors Liquidation), USA ƒ 5 3 Automobiles & partsGenmab, Denmark 347 44 Pharmaceuticals & biotechnologyGenzyme, USA ƒ 94 22 Pharmaceuticals & biotechnologyGeorg Fischer, Switzerland 604 34 Industrial engineeringGetinge, Sweden 671 25 Health care equipment & servicesGiesecke & Devrient, Germany 536 3 Support servicesGilead Sciences, USA ƒ 169 28 Pharmaceuticals & biotechnologyGivaudan, Switzerland 271 3 Personal goodsGKN, UK 591 57 Automobiles & partsGlaxoSmithKline, UK 21 6 Pharmaceuticals & biotechnologyGlory, Japan ƒ 712 40 Industrial engineeringGN Store Nord, Denmark 756 126 Technology hardware & equipmentGoodrich, USA ƒ 335 16 Aerospace & defenceGoodyear, USA ƒ 283 34 Automobiles & partsGoogle, USA ƒ 51 4 Software & computer servicesGrundfos, Denmark ƒ 421 20 Industrial engineeringGsi Commerce, USA ƒ 725 49 Software & computer servicesHalliburton, USA ƒ 306 3 Oil equipment, services & distributionHamamatsu Photonics, Japan ƒ 681 58 Electronic & electrical equipmentHanjin Heavy Industries, South Korea ƒ 940 19 Construction & materialsHankook Tire, South Korea ƒ 937 72 Automobiles & partsHarley-Davidson, USA ƒ 512 55 Automobiles & partsHarman International Industries, USA ƒ 264 11 Leisure goodsHarris, USA ƒ 341 60 Technology hardware & equipmentHasbro, USA ƒ 459 15 Leisure goodsHeidelbergCement, Germany 959 20 Construction & materialsHeidelberger Druckmaschinen, Germany 352 14 Industrial engineeringHella, Germany 219 27 Automobiles & partsHenkel, Germany 189 2 Household goods & home constructionHewlett-Packard, USA ƒ 39 9 Technology hardware & equipmentHexagon, Sweden 441 21 Industrial engineeringHexion Specialty Chemicals, USA ƒ 961 75 ChemicalsHilti, Liechtenstein 372 5 Construction & materialsHimax Technologies, Cayman Islands ƒ 824 135 Technology hardware & equipmentHisamitsu Pharmaceutical, Japan ƒ 634 72 Pharmaceuticals & biotechnologyHitachi, Japan ƒ 26 4 Technology hardware & equipmentHitachi Kokusai Electric, Japan ƒ 442 34 Electronic & electrical equipmentHologic, USA ƒ 879 34 Health care equipment & servicesHon Hai Precision Industry, Taiwan ƒ 164 12 Electronic & electrical equipmentHonda Motor, Japan ƒ 11 5 Automobiles & partsHoneywell, USA ƒ 80 3 General industrialsHORIBA, Japan ƒ 655 56 Electronic & electrical equipmentHospira, USA ƒ 404 50 Pharmaceuticals & biotechnologyHoya, Japan ƒ 457 36 Electronic & electrical equipmentHSBC, UK 157 2 BanksHTC, Taiwan ƒ 334 25 Electronic & electrical equipmentHuman Genome Sciences, USA ƒ 447 52 Pharmaceuticals & biotechnologyHuntsman, USA ƒ 540 33 ChemicalsHusqvarna, Sweden 962 61 Industrial engineeringHydro-Quebec, Canada ƒ 884 13 Electricity276 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data277

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorHynix Semiconductor, South Korea ƒ 190 41 Technology hardware & equipmentHyosung, South Korea ƒ 906 28 General industrialsHyundai Heavy Industries, South Korea ƒ 590 32 Industrial engineeringHyundai Mobis, South Korea ƒ 772 65 Automobiles & partsHyundai Motor, South Korea ƒ 75 16 Automobiles & partsIberdrola, Spain 738 9 ElectricityIbiden, Japan ƒ 649 55 Electronic & electrical equipmentIBM, USA ƒ 15 2 Software & computer servicesIdemitsu Kosan, Japan ƒ 498 14 Oil & gas producersIDEXX Laboratories, USA ƒ 992 41 Health care equipment & servicesIHI, Japan ƒ 345 13 Industrial engineeringIllinois Tool Works, USA ƒ 412 19 Industrial engineeringIllumina, USA ƒ 753 83 Pharmaceuticals & biotechnologyIMMSI, Italy 730 62 Automobiles & partsIncyte, USA ƒ 565 61 Pharmaceuticals & biotechnologyIndra Sistemas, Spain 378 23 Software & computer servicesIneos, UK ƒ 644 50 ChemicalsInfineon Technologies, Germany 127 24 Technology hardware & equipmentInfinera, USA ƒ 893 144 Technology hardware & equipmentInfogrames Entertainment (now Atari), France 719 48 Software & computer servicesInformatica, USA ƒ 964 64 Software & computer servicesIngenico, France 786 68 Electronic & electrical equipmentIngersoll-Rand, Bermuda ƒ 614 35 Industrial engineeringIntegrated Device Technology, USA ƒ 520 86 Technology hardware & equipmentIntel, USA ƒ 17 2 Technology hardware & equipmentIntercell, Austria 977 114 Pharmaceuticals & biotechnologyInterdigital, USA ƒ 743 122 Technology hardware & equipmentInterMune, USA ƒ 838 95 Pharmaceuticals & biotechnologyInternational Flavors & Fragrances, USA ƒ 407 6 Personal goodsInternational Game Technology, USA ƒ 386 2 Travel & leisureInternational Rectifier, USA ƒ 715 117 Technology hardware & equipmentIntersil, USA ƒ 571 93 Technology hardware & equipmentIntesa Sanpaolo, Italy 371 6 BanksIntuit, USA ƒ 181 10 Software & computer servicesIntuitive Surgical, USA ƒ 903 35 Health care equipment & servicesInvensys, UK 510 30 Software & computer servicesInventec, Taiwan ƒ 527 87 Technology hardware & equipmentInventec Appliances, Taiwan ƒ 986 28 Leisure goodsInverness Medical Innovations, USA ƒ 682 27 Health care equipment & servicesInvestment Technology, USA ƒ 895 4 Financial servicesIpsen, France 461 53 Pharmaceuticals & biotechnologyIshihara Sangyo Kaisha, Japan ƒ 986 77 ChemicalsIsrael, Israel 819 26 General industrialsIsuzu Motors, Japan ƒ 174 5 Industrial engineeringItaltel, Italy 617 100 Technology hardware & equipmentItron, USA ƒ 642 53 Electronic & electrical equipmentITT, USA ƒ 368 13 General industrialsJapan Aviation Electronics Industry, Japan ƒ 788 27 Aerospace & defenceJapan Radio, Japan ƒ 790 69 Electronic & electrical equipmentJapan Tobacco, Japan ƒ 217 1 TobaccoJDS Uniphase, USA ƒ 464 78 Technology hardware & equipmentJEOL, Japan ƒ 983 82 Electronic & electrical equipmentJFE, Japan ƒ 239 3 Industrial metals & miningJohnson & Johnson, USA ƒ 7 3 Pharmaceuticals & biotechnologyJohnson Controls, USA ƒ 247 29 Automobiles & partsJohnson Matthey, UK 651 52 ChemicalsJS, Japan ƒ 492 7 Construction & materialsJSR, Japan ƒ 411 25 ChemicalsJuki, Japan ƒ 835 48 Industrial engineeringJuniper Networks, USA ƒ 160 31 Technology hardware & equipmentKajima, Japan ƒ 710 13 Construction & materialsKaken Pharmaceutical, Japan ƒ 938 110 Pharmaceuticals & biotechnologyKaneka, Japan ƒ 473 28 ChemicalsKansai Electric Power, Japan ƒ 400 6 ElectricityKao, Japan ƒ 218 2 Personal goodsKawasaki Heavy Industries, Japan ƒ 260 8 General industrialsKBC, Belgium 558 10 BanksKDDI, Japan ƒ 402 2 Mobile telecommunicationsKellogg, USA ƒ 476 8 Food producersKemira, Finland 797 61 ChemicalsKerry, Ireland 426 7 Food producersKeyence, Japan ƒ 812 71 Electronic & electrical equipmentKimberly-Clark, USA ƒ 325 4 Personal goodsKinetic Concepts, USA ƒ 933 37 Health care equipment & servicesKing Pharmaceuticals, USA ƒ 568 62 Pharmaceuticals & biotechnologyKirin, Japan ƒ 192 1 BeveragesKissei Pharmaceutical, Japan ƒ 632 71 Pharmaceuticals & biotechnologyKla-Tencor, USA ƒ 255 51 Technology hardware & equipmentKnorr-Bremse, Germany ƒ 374 16 Industrial engineeringKobe Steel, Japan ƒ 300 5 Industrial metals & miningKoc, Turkey 427 18 General industrialsKoenig & Bauer, Germany 935 57 Industrial engineeringKoito Manufacturing, Japan ƒ 380 42 Automobiles & partsKomatsu, Japan ƒ 200 7 Industrial engineeringKone, Finland 883 53 Industrial engineeringKongsberg Gruppen, Norway 948 33 Aerospace & defenceKonica Minolta, Japan ƒ 133 27 Technology hardware & equipmentKorber, Germany ƒ 630 23 General industrialsKorea Electric Power, South Korea ƒ 220 3 ElectricityKpit Cummins Infosystems, India ƒ 806 52 Software & computer servicesKPN, The Netherlands 723 11 Fixed line telecommunicationsKraft Foods, USA ƒ 215 3 Food producersKrka, Slovenia 654 74 Pharmaceuticals & biotechnologyKrones, Germany 518 27 Industrial engineeringKT, South Korea ƒ 321 9 Fixed line telecommunicationsKubota, Japan ƒ 343 12 General industrialsKudelski, Switzerland 419 31 Electronic & electrical equipmentKuraray, Japan ƒ 504 31 Chemicals278 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data279

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorKureha, Japan ƒ 971 76 ChemicalsKWS SAAT, Germany 694 13 Food producersKyocera, Japan ƒ 172 14 Electronic & electrical equipmentKyorin, Japan ƒ 646 73 Pharmaceuticals & biotechnologyKyowa Hakko Kogyo (now Kyowa Hakko Kirin), Japan ƒ 279 36 Pharmaceuticals & biotechnologyKyushu Electric Power, Japan ƒ 706 8 ElectricityL'Air Liquide, France 346 19 ChemicalsL'Oreal, France 148 1 Personal goodsL-3 Communications, USA ƒ 839 30 Aerospace & defenceLam Research, USA ƒ 308 57 Technology hardware & equipmentLanxess, Germany 602 44 ChemicalsLawson Software, USA ƒ 845 56 Software & computer servicesLear, USA ƒ 672 60 Automobiles & partsLegrand, France 358 26 Electronic & electrical equipmentLenovo, Hong Kong ƒ 391 68 Technology hardware & equipmentLeoni, Germany 641 52 Electronic & electrical equipmentLexicon Pharmaceuticals, USA ƒ 880 103 Pharmaceuticals & biotechnologyLexmark, USA ƒ 249 50 Technology hardware & equipmentLFB, France ƒ 796 91 Pharmaceuticals & biotechnologyLG, South Korea ƒ 72 5 Electronic & electrical equipmentLiebherr, Switzerland ƒ 229 8 Industrial engineeringLife Technologies, USA ƒ 579 64 Pharmaceuticals & biotechnologyLinde, Germany 569 39 ChemicalsLinear Technology, USA ƒ 439 74 Technology hardware & equipmentLion, Japan ƒ 783 11 Personal goodsLite-On Technology, Taiwan ƒ 586 96 Technology hardware & equipmentLloyds TSB (now Lloyds Banking), UK 664 12 BanksLockheed Martin, USA ƒ 100 5 Aerospace & defenceLogitech International, Switzerland ƒ 625 102 Technology hardware & equipmentLonza, Switzerland 576 40 ChemicalsLottomatica, Italy 832 6 Travel & leisureLSI, USA ƒ 173 35 Technology hardware & equipmentLubrizol, USA ƒ 556 38 ChemicalsLukoil, Russia ƒ 778 18 Oil & gas producersLundbeck, Denmark 252 34 Pharmaceuticals & biotechnologyLyondellBasell Industries, Luxembourg ƒ 449 27 ChemicalsMacronix International, Taiwan ƒ 760 127 Technology hardware & equipmentMAHLE, Germany ƒ 262 31 Automobiles & partsMAN, Germany 193 6 Industrial engineeringMannkind, USA ƒ 362 46 Pharmaceuticals & biotechnologyMarks & Spencer, UK 499 5 General retailersMarvell Technology, Bermuda ƒ 129 25 Technology hardware & equipmentMatsushita Electric (now Panasonic), Japan ƒ 14 1 Leisure goodsMattel, USA ƒ 462 16 Leisure goodsMaxim Integrated Products, USA ƒ 195 42 Technology hardware & equipmentMaxingvest, Germany 414 3 General retailersMazda Motor, Japan ƒ 96 18 Automobiles & partsMcAfee, USA ƒ 361 22 Software & computer servicesMcKesson, USA ƒ 237 1 Food & drug retailersMedarex, USA ƒ 483 55 Pharmaceuticals & biotechnologyMediaTek, Taiwan ƒ 182 38 Technology hardware & equipmentMedicines, USA ƒ 716 78 Pharmaceuticals & biotechnologyMedicis Pharmaceutical, USA ƒ 754 84 Pharmaceuticals & biotechnologyMedtronic, USA ƒ 90 1 Health care equipment & servicesMeggitt, UK 844 31 Aerospace & defenceMeidensha, Japan ƒ 974 30 General industrialsMeiji Dairies, Japan (now part of Meiji) ƒ 907 16 Food producersMeiji Seika Kaisha (now Meiji), Japan ƒ 515 9 Food producersMentor Graphics, USA ƒ 350 21 Software & computer servicesMerck, USA ƒ 25 8 Pharmaceuticals & biotechnologyMerck, Germany 77 18 Pharmaceuticals & biotechnologyMerial, UK ƒ 526 58 Pharmaceuticals & biotechnologyMetro, Germany 468 4 General retailersMetso, Finland 479 24 Industrial engineeringMettler-Toledo International, Switzerland ƒ 734 41 Industrial engineeringMichelin, France 168 25 Automobiles & partsMicro-Star International, Taiwan ƒ 943 153 Technology hardware & equipmentMicrochip Technology, USA ƒ 659 106 Technology hardware & equipmentMicron Technology, USA ƒ 171 34 Technology hardware & equipmentMicronas Semiconductor, Switzerland 662 107 Technology hardware & equipmentMicrosoft, USA ƒ 2 1 Software & computer servicesMidway Games, USA ƒ 775 23 Leisure goodsMillennium Pharmaceuticals, USA(now part of Takeda Pharmaceutical, Japan) ƒ332 42 Pharmaceuticals & biotechnologyMillipore, USA ƒ 732 28 Health care equipment & servicesMindtree, India ƒ 575 38 Software & computer servicesMinebea, Japan ƒ 692 38 Industrial engineeringMisys, UK 574 37 Software & computer servicesMiTAC International, Taiwan ƒ 918 78 Electronic & electrical equipmentMitsubishi Chemical, Japan ƒ 99 5 ChemicalsMitsubishi Electric, Japan ƒ 82 6 Electronic & electrical equipmentMitsubishi Gas Chemical, Japan ƒ 555 37 ChemicalsMitsubishi Heavy, Japan ƒ 104 4 General industrialsMitsubishi Materials, Japan ƒ 624 11 Industrial metals & miningMitsubishi Motors, Japan ƒ 274 32 Automobiles & partsMitsubishi Rayon, Japan ƒ 593 42 ChemicalsMitsui Chemicals, Japan ƒ 226 14 ChemicalsMitsui Mining & Smelting, Japan ƒ 804 15 Industrial metals & miningMKS Instruments, USA ƒ 908 148 Technology hardware & equipmentMochida Pharmaceutical, Japan ƒ 779 88 Pharmaceuticals & biotechnologyModine Manufacturing, USA ƒ 888 69 Automobiles & partsMolex, USA ƒ 509 39 Electronic & electrical equipmentMonsanto, USA ƒ 121 7 ChemicalsMoog, USA ƒ 697 25 Aerospace & defenceMotorola, USA ƒ 31 7 Technology hardware & equipmentMTU Aero Engines, Germany 458 18 Aerospace & defenceMurata Manufacturing, Japan ƒ 224 45 Technology hardware & equipmentMylan, USA ƒ 312 39 Pharmaceuticals & biotechnology280 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data281

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorMyriad Genetics, USA ƒ 623 68 Pharmaceuticals & biotechnologyNalco, USA ƒ 950 7 Support servicesNamco Bandai, Japan ƒ 451 14 Leisure goodsNanya Technology, Taiwan ƒ 445 76 Technology hardware & equipmentNational Australia Bank, Australia ƒ 557 9 BanksNational Instruments, USA ƒ 545 44 Electronic & electrical equipmentNational Semiconductor, USA ƒ 319 58 Technology hardware & equipmentNavistar International, USA ƒ 275 10 Industrial engineeringNCR, USA ƒ 410 72 Technology hardware & equipmentNCsoft, South Korea ƒ 985 67 Software & computer servicesNEC, Japan ƒ 33 8 Technology hardware & equipmentNektar Therapeutics, USA ƒ 718 79 Pharmaceuticals & biotechnologyNestle, Switzerland 60 1 Food producersNetApp, USA ƒ 216 44 Technology hardware & equipmentNetflix, USA ƒ 815 5 Travel & leisureNewell Rubbermaid, USA ƒ 645 9 Household goods & home constructionNewMarket, USA ƒ 873 70 ChemicalsNexans, France 824 72 Electronic & electrical equipmentNextwave Wireless, USA ƒ 570 92 Technology hardware & equipmentNGK Insulators, Japan ƒ 606 21 General industrialsNGK Spark Plug, Japan ƒ 456 51 Automobiles & partsNHK Spring, Japan ƒ 763 43 Industrial engineeringNice Systems, Israel ƒ 900 60 Software & computer servicesNicOx, France 728 81 Pharmaceuticals & biotechnologyNidec, Japan ƒ 301 23 Electronic & electrical equipmentNikon, Japan ƒ 183 8 Leisure goodsNintendo, Japan ƒ 256 10 Leisure goodsNippon Kayaku, Japan ƒ 650 51 ChemicalsNippon Mining, Japan ƒ 619 16 Oil & gas producersNippon Oil, Japan ƒ 589 15 Oil & gas producersNippon Paint, Japan ƒ 821 64 ChemicalsNippon Paper, Japan ƒ 984 4 Forestry & paperNippon Sheet Glass, Japan ƒ 496 8 Construction & materialsNippon Shinyaku, Japan ƒ 830 94 Pharmaceuticals & biotechnologyNippon Shokubai, Japan ƒ 637 47 ChemicalsNippon Steel, Japan ƒ 214 1 Industrial metals & miningNissan Motor, Japan ƒ 23 8 Automobiles & partsNissin Kogyo, Japan ƒ 887 68 Automobiles & partsNitto Denko, Japan ƒ 370 20 ChemicalsNok, Japan ƒ 745 64 Automobiles & partsNokia, Finland 8 1 Technology hardware & equipmentNordea Bank, Sweden 486 8 BanksNorsk Hydro, Norway 836 16 Industrial metals & miningNortel Networks, Canada ƒ 79 16 Technology hardware & equipmentNorthrop Grumman, USA ƒ 197 9 Aerospace & defenceNovartis, Switzerland 10 4 Pharmaceuticals & biotechnologyNovatek Microelectronics, Taiwan ƒ 831 74 Electronic & electrical equipmentNovell, USA ƒ 437 26 Software & computer servicesNovellus Systems, USA ƒ 392 69 Technology hardware & equipmentNovo Nordisk, Denmark 87 21 Pharmaceuticals & biotechnologyNovozymes, Denmark 469 54 Pharmaceuticals & biotechnologyNSK, Japan ƒ 673 4 Support servicesNTN, Japan ƒ 507 26 Industrial engineeringNTT, Japan ƒ 48 1 Fixed line telecommunicationsNuance Communications, USA ƒ 666 42 Software & computer servicesNvidia, USA ƒ 138 28 Technology hardware & equipmentNXP, The Netherlands 103 19 Technology hardware & equipmentNycomed, Luxembourg 327 41 Pharmaceuticals & biotechnologyObayashi, Japan ƒ 924 18 Construction & materialsOC Oerlikon, Switzerland 310 10 General industrialsOce, The Netherlands 290 55 Technology hardware & equipmentOji Paper, Japan ƒ 626 1 Forestry & paperOKI Electric, Japan ƒ 430 73 Technology hardware & equipmentOld Mutual, UK 653 1 Life insuranceOlympus, Japan ƒ 161 7 Leisure goodsOmniVision Technologies, USA ƒ 849 138 Technology hardware & equipmentOmron, Japan ƒ 199 17 Electronic & electrical equipmentON Semiconductor, USA ƒ 375 66 Technology hardware & equipmentOneSteel, Australia ƒ 721 13 Industrial metals & miningOnex, Canada ƒ 311 11 General industrialsOno Pharmaceutical, Japan ƒ 243 33 Pharmaceuticals & biotechnologyOnyx Pharmaceuticals, USA ƒ 960 111 Pharmaceuticals & biotechnologyOpen Text, Canada ƒ 714 47 Software & computer servicesOracle, USA ƒ 52 5 Software & computer servicesOrbotech, Israel ƒ 927 79 Electronic & electrical equipmentOrexigen Therapeutics, USA ƒ 904 107 Pharmaceuticals & biotechnologyOrion, Finland 609 67 Pharmaceuticals & biotechnologyOsaka Gas, Japan ƒ 679 5 Gas, water & multiutilitiesOshkosh, USA ƒ 801 46 Industrial engineeringOSI Pharmaceuticals, USA ƒ 600 66 Pharmaceuticals & biotechnologyOsiris Therapeutics, USA ƒ 997 115 Pharmaceuticals & biotechnologyPaccar, USA ƒ 295 11 Industrial engineeringPace, UK 842 137 Technology hardware & equipmentPall, USA ƒ 980 63 Industrial engineeringPalm, USA ƒ 485 83 Technology hardware & equipmentParametric Technology, USA ƒ 474 29 Software & computer servicesParker Hannifin, USA ƒ 357 15 Industrial engineeringPDL BioPharma, USA ƒ 506 57 Pharmaceuticals & biotechnologyPepsiCo, USA ƒ 273 2 BeveragesPerkinElmer, USA ƒ 705 61 Electronic & electrical equipmentPerrigo, USA ƒ 970 113 Pharmaceuticals & biotechnologyPetroChina, China 108 2 Oil & gas producersPetroleo Brasiliero, Brazil ƒ 125 3 Oil & gas producersPeugeot (PSA), France 43 11 Automobiles & partsPfizer, USA ƒ 6 2 Pharmaceuticals & biotechnologyPhilip Morris International, USA ƒ 299 2 TobaccoPhilips Electronics, The Netherlands 58 3 Leisure goodsPioneer, Japan ƒ 178 15 Electronic & electrical equipment282 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data283

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorPirelli, Italy 397 43 Automobiles & partsPitney Bowes, USA ƒ 406 71 Technology hardware & equipmentPlantronics, USA ƒ 973 157 Technology hardware & equipmentPliva, Croatia 746 82 Pharmaceuticals & biotechnologyPMC-Sierra, USA ƒ 531 88 Technology hardware & equipmentPolaris Industries, USA ƒ 915 25 Leisure goodsPolaris Software Lab, India ƒ 543 35 Software & computer servicesPolycom, USA ƒ 601 98 Technology hardware & equipmentPorsche Automobile, Germany 98 19 Automobiles & partsPOSCO, South Korea ƒ 269 4 Industrial metals & miningPou Chen, Taiwan ƒ 528 9 Personal goodsPowerchip Semiconductor, Taiwan ƒ 751 125 Technology hardware & equipmentPowerwave Technologies, USA ƒ 914 77 Electronic & electrical equipmentPPG Industries, USA ƒ 232 16 ChemicalsPraxair, USA ƒ 767 57 ChemicalsPrithvi Information Solutions, India ƒ 514 31 Software & computer servicesProcter & Gamble, USA ƒ 59 1 Household goods & home constructionProgress Software, USA ƒ 823 55 Software & computer servicesProMOS Technologies, Taiwan ƒ 791 131 Technology hardware & equipmentPUMA, Germany 928 13 Personal goodsQiagen, The Netherlands ƒ 764 85 Pharmaceuticals & biotechnologyQisda, Taiwan ƒ 683 111 Technology hardware & equipmentQLogic, USA ƒ 608 99 Technology hardware & equipmentQualcomm, USA ƒ 56 10 Technology hardware & equipmentQuanta Computer, Taiwan ƒ 387 67 Technology hardware & equipmentQuantum, USA ƒ 994 158 Technology hardware & equipmentQuest Software, USA ƒ 541 34 Software & computer servicesRabobank, The Netherlands 384 7 BanksRambus, USA ƒ 930 151 Technology hardware & equipmentRanbaxy Laboratories, India ƒ 820 93 Pharmaceuticals & biotechnologyRaytheon, USA ƒ 209 10 Aerospace & defenceRealNetworks, USA ƒ 670 43 Software & computer servicesRealtek Semiconductor, Taiwan ƒ 477 79 Technology hardware & equipmentReckitt Benckiser, UK 550 7 Household goods & home constructionRecordati, Italy 871 101 Pharmaceuticals & biotechnologyRed Hat, USA ƒ 588 39 Software & computer servicesReed Elsevier, UK 508 5 MediaRegeneron Pharmaceuticals, USA ƒ 841 96 Pharmaceuticals & biotechnologyRenault, France 44 12 Automobiles & partsRepsol YPF, Spain 660 17 Oil & gas producersResearch In Motion, Canada ƒ 170 33 Technology hardware & equipmentRF Micro Devices, USA ƒ 500 85 Technology hardware & equipmentRheinmetall, Germany 338 40 Automobiles & partsRhodia, France 669 54 ChemicalsRicoh, Japan ƒ 86 18 Technology hardware & equipmentRieter, Switzerland 667 37 Industrial engineeringRigel Pharmaceuticals, USA ƒ 696 77 Pharmaceuticals & biotechnologyRinnai, Japan ƒ 967 14 Household goods & home constructionRio Tinto, UK 317 2 MiningRobert Bosch, Germany 19 7 Automobiles & partsRoche, Switzerland 4 1 Pharmaceuticals & biotechnologyRockwell Automation, USA ƒ 460 37 Electronic & electrical equipmentRockwell Collins, USA ƒ 267 13 Aerospace & defenceRohm, Japan ƒ 284 53 Technology hardware & equipmentRohm & Haas, USA (now part of Dow Chemical) ƒ 305 18 ChemicalsRoland, Japan ƒ 944 27 Leisure goodsRolls-Royce, UK 166 8 Aerospace & defenceRoper Industries, USA ƒ 826 73 Electronic & electrical equipmentRoyal Bank of Scotland, UK 136 1 BanksRoyal Dutch Shell, UK 95 1 Oil & gas producersRSA Insurance, UK 747 1 Nonlife insuranceRuag, Switzerland 657 24 Aerospace & defenceRWE, Germany 328 1 Gas, water & multiutilitiesSAAB, Sweden 475 21 Aerospace & defenceSAFRAN, France 143 6 Aerospace & defenceSage, UK 432 25 Software & computer servicesSaint-Gobain, France 203 1 Construction & materialsSalesforce.com, USA ƒ 695 44 Software & computer servicesSalix Pharmaceuticals, USA ƒ 925 109 Pharmaceuticals & biotechnologySalzgitter, Germany 609 10 Industrial metals & miningSamsung C&T, South Korea ƒ 953 81 Electronic & electrical equipmentSamsung Electro-Mechanics, South Korea ƒ 379 28 Electronic & electrical equipmentSamsung Electronics, South Korea ƒ 18 1 Electronic & electrical equipmentSamsung Techwin, South Korea ƒ 798 24 Leisure goodsSanden, Japan ƒ 934 71 Automobiles & partsSanDisk, USA ƒ 244 49 Technology hardware & equipmentSandvik, Sweden 315 12 Industrial engineeringSanken Electric, Japan ƒ 551 90 Technology hardware & equipmentSanofi-Aventis, France 12 5 Pharmaceuticals & biotechnologySanten Pharmaceutical, Japan ƒ 577 63 Pharmaceuticals & biotechnologySanyo Electric, Japan ƒ 152 10 Electronic & electrical equipmentSAP, Germany 57 6 Software & computer servicesSasol, South Africa 865 19 Oil & gas producersSaudi Basic Industries, Saudi Arabia ƒ 547 34 ChemicalsSauer-Danfoss, USA ƒ 861 49 Industrial engineeringSCA, Sweden 882 3 Forestry & paperSchering-Plough, USA ƒ 40 11 Pharmaceuticals & biotechnologySchindler, Switzerland 785 45 Industrial engineeringSchlumberger, USA ƒ 147 1 Oil equipment, services & distributionSchneider, France 120 8 Electronic & electrical equipmentSchott, Germany 755 15 Construction & materialsSCI Entertainment (now Eidos), UK 726 20 Leisure goodsSeagate Technology, Cayman Islands ƒ 117 23 Technology hardware & equipmentSealed Air, USA ƒ 843 27 General industrialsSeattle Genetics, USA ƒ 687 75 Pharmaceuticals & biotechnologySega Sammy, Japan ƒ 163 1 Travel & leisureSEI Investments, USA ƒ 656 2 Financial servicesSeiko Epson, Japan ƒ 132 26 Technology hardware & equipment284 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data285

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorSekisui Chemical, Japan ƒ 336 5 Household goods & home constructionSemiconductor Manufacturing, China ƒ 735 121 Technology hardware & equipmentSepracor, USA ƒ 366 47 Pharmaceuticals & biotechnologySerco, UK 809 5 Support servicesShanghai Electric, Hong Kong ƒ 581 31 Industrial engineeringSharp, Japan ƒ 61 4 Electronic & electrical equipmentShimadzu, Japan ƒ 766 65 Electronic & electrical equipmentShimano, Japan ƒ 729 21 Leisure goodsShimizu, Japan ƒ 782 17 Construction & materialsShin-Etsu Chemical, Japan ƒ 206 12 ChemicalsShionogi, Japan ƒ 235 32 Pharmaceuticals & biotechnologyShire, UK ƒ 210 31 Pharmaceuticals & biotechnologyShiseido, Japan ƒ 521 7 Personal goodsShowa, Japan ƒ 909 70 Automobiles & partsShowa Denko, Japan ƒ 390 23 ChemicalsSick, Germany 749 64 Electronic & electrical equipmentSiemens, Germany 20 2 Electronic & electrical equipmentSilicon Image, USA ƒ 851 139 Technology hardware & equipmentSilicon Laboratories, USA ƒ 744 123 Technology hardware & equipmentSirf Technology, USA (now part of CSR, UK) ƒ 702 116 Technology hardware & equipmentSK, South Korea ƒ 323 4 Oil equipment, services & distributionSK Telecom, South Korea ƒ 454 3 Mobile telecommunicationsSKF, Sweden 549 29 Industrial engineeringSkyworks Solutions, USA ƒ 563 91 Technology hardware & equipmentSMC, Japan ƒ 472 23 Industrial engineeringSmith & Nephew, UK 548 21 Health care equipment & servicesSmith International, USA ƒ 620 6 Oil equipment, services & distributionSmiths, UK 724 24 General industrialsSNCF, France 607 2 Industrial transportationSociete Generale, France 241 3 BanksSoftware, Germany 713 46 Software & computer servicesSolvay, Belgium 149 9 ChemicalsSonova, Switzerland 963 38 Health care equipment & servicesSonus Networks, USA ƒ 967 156 Technology hardware & equipmentSony, Japan ƒ 16 2 Leisure goodsSopra, France 1000 69 Software & computer servicesSorin, Italy 837 31 Health care equipment & servicesSpansion, USA ƒ 242 48 Technology hardware & equipmentSpectris, UK 869 76 Electronic & electrical equipmentSsangyong Motor, South Korea ƒ 739 63 Automobiles & partsSt Jude Medical, USA ƒ 204 4 Health care equipment & servicesStada Arzneimittel, Germany 848 97 Pharmaceuticals & biotechnologyStandard Microsystems, USA ƒ 947 154 Technology hardware & equipmentStatoilHydro (now Statoil), Norway 309 10 Oil & gas producersSTMicroelectronics, The Netherlands 62 11 Technology hardware & equipmentStora Enso, Finland 684 2 Forestry & paperStryker, USA ƒ 281 7 Health care equipment & servicesSTX Engine, South Korea ƒ 868 52 Industrial engineeringSumco, Japan ƒ 699 114 Technology hardware & equipmentSumitomo Bakelite, Japan ƒ 580 41 ChemicalsSumitomo Chemical, Japan ƒ 105 6 ChemicalsSumitomo Electric, Japan ƒ 151 9 Electronic & electrical equipmentSumitomo Heavy Industries, Japan ƒ 701 39 Industrial engineeringSumitomo Metal Industries, Japan ƒ 388 8 Industrial metals & miningSumitomo Rubber Industries, Japan ƒ 405 44 Automobiles & partsSun Microsystems, USA ƒ 68 14 Technology hardware & equipmentSunGard Data Systems, USA ƒ 307 18 Software & computer servicesSunplus Technology, Taiwan ƒ 584 95 Technology hardware & equipmentSuzuki Motor, Japan ƒ 102 20 Automobiles & partsSwatch, Switzerland 522 8 Personal goodsSwisscom, Switzerland 827 13 Fixed line telecommunicationsSybase, USA ƒ 438 27 Software & computer servicesSymantec, USA ƒ 134 8 Software & computer servicesSymrise, Germany 618 46 ChemicalsSyngenta, Switzerland 123 8 ChemicalsSynopsys, USA ƒ 261 15 Software & computer servicesSynta Pharmaceuticals, USA ƒ 877 102 Pharmaceuticals & biotechnologySynthes, Switzerland ƒ 502 19 Health care equipment & servicesSysmex, Japan ƒ 737 29 Health care equipment & servicesTaisei, Japan ƒ 733 14 Construction & materialsTaisho Pharmaceutical, Japan ƒ 344 43 Pharmaceuticals & biotechnologyTaiwan Semiconductor Manufacturing, Taiwan ƒ 179 37 Technology hardware & equipmentTaiyo Yuden, Japan ƒ 762 128 Technology hardware & equipmentTakata, Japan ƒ 363 41 Automobiles & partsTakeda Pharmaceutical, Japan ƒ 45 13 Pharmaceuticals & biotechnologyTata Motors, India ƒ 322 38 Automobiles & partsTatung, Taiwan ƒ 482 38 Electronic & electrical equipmentTDK, Japan ƒ 184 16 Electronic & electrical equipmentTechtronic Industries, Hong Kong ƒ 658 57 Electronic & electrical equipmentTeijin, Japan ƒ 259 17 ChemicalsTekelec, USA ƒ 748 124 Technology hardware & equipmentTelecom Italia, Italy 122 5 Fixed line telecommunicationsTelefonica, Spain 130 6 Fixed line telecommunicationsTelenor, Norway 573 4 Mobile telecommunicationsTeliaSonera, Sweden 578 10 Fixed line telecommunicationsTellabs, USA ƒ 320 59 Technology hardware & equipmentTelstra, Australia ƒ 115 4 Fixed line telecommunicationsTenaris, Luxembourg 917 8 Oil equipment, services & distributionTencent, China 864 58 Software & computer servicesTenneco, USA ƒ 975 73 Automobiles & partsTeradata, USA ƒ 523 32 Software & computer servicesTeradyne, USA ƒ 399 70 Technology hardware & equipmentTerex, USA ƒ 989 65 Industrial engineeringTerreStar, USA ƒ 955 5 Mobile telecommunicationsTerumo, Japan ƒ 489 18 Health care equipment & servicesTesco, UK 339 2 Food & drug retailersTeva Pharmaceutical Industries, Israel ƒ 155 27 Pharmaceuticals & biotechnologyTexas Instruments, USA ƒ 67 13 Technology hardware & equipment286 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data287

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorTextron, USA ƒ 221 11 Aerospace & defenceThales, France 153 7 Aerospace & defenceTheravance, USA ƒ 999 116 Pharmaceuticals & biotechnologyThermo Fisher Scientific, USA ƒ 364 11 Health care equipment & servicesThomson, France 288 3 MediaTHQ, USA ƒ 698 19 Leisure goodsThyssenKrupp, Germany 231 2 Industrial metals & miningTIBCO Software, USA ƒ 709 45 Software & computer servicesTietoEnator (now Tieto), Finland 892 59 Software & computer servicesTognum, Germany 433 50 Automobiles & partsTohoku Electric Power, Japan ƒ 742 10 ElectricityTokai Rika, Japan ƒ 428 49 Automobiles & partsTokai Rubber Industries, Japan ƒ 829 65 ChemicalsTokuyama, Japan ƒ 638 48 ChemicalsTokyo Electric Power, Japan ƒ 245 4 ElectricityTokyo Electron, Japan ƒ 165 32 Technology hardware & equipmentTokyo Gas, Japan ƒ 692 6 Gas, water & multiutilitiesTokyo Ohka Kogyo, Japan ƒ 818 63 ChemicalsTokyo Seimitsu, Japan ƒ 855 141 Technology hardware & equipmentTomkins, UK 794 25 General industrialsTomTom, The Netherlands 434 33 Electronic & electrical equipmentTopcon, Japan ƒ 680 26 Health care equipment & servicesToppan Printing, Japan ƒ 304 4 MediaToray Industries, Japan ƒ 211 13 ChemicalsToshiba, Japan ƒ 28 1 General industrialsTosoh, Japan ƒ 552 35 ChemicalsTOTAL, France 141 4 Oil & gas producersToto, Japan ƒ 613 10 Construction & materialsToyo Ink Manufacturing, Japan ƒ 858 67 ChemicalsToyo Tire, Japan ƒ 711 61 Automobiles & partsToyobo, Japan ƒ 643 49 ChemicalsToyoda Gosei, Japan ƒ 333 39 Automobiles & partsToyota Boshoku, Japan ƒ 293 35 Automobiles & partsToyota Industries, Japan ƒ 257 30 Automobiles & partsToyota Motor, Japan ƒ 1 1 Automobiles & partsTPO Displays, Taiwan ƒ 769 66 Electronic & electrical equipmentTrelleborg, Sweden 925 29 General industrialsTrimble Navigation, USA ƒ 560 45 Electronic & electrical equipmentTriQuint Semiconductor, USA ƒ 808 134 Technology hardware & equipmentTrizetto, USA (now part of TZ Holdings) ƒ 993 68 Software & computer servicesTrumpf, Germany ƒ 415 17 General industrialsTRW Automotive, USA ƒ 424 47 Automobiles & partsTyco Electronics, Bermuda ƒ 205 18 Electronic & electrical equipmentTyco International, Bermuda ƒ 627 22 General industrialsUBE Industries, Japan ƒ 553 36 ChemicalsUBIsoft Entertainment, France 250 14 Software & computer servicesUCB, Belgium 114 24 Pharmaceuticals & biotechnologyUlvac, Japan ƒ 780 67 Electronic & electrical equipmentUmicore, Belgium 376 21 ChemicalsUniCredit, Italy 265 4 BanksUnilever, UK 92 2 Food producersUnisys, USA ƒ 622 40 Software & computer servicesUnited Microelectronics, Taiwan ƒ 360 65 Technology hardware & equipmentUnited Technologies, USA ƒ 74 4 Aerospace & defenceUnited Therapeutics, USA ƒ 373 48 Pharmaceuticals & biotechnologyUSEC, USA ƒ 690 12 Industrial metals & miningUTStarcom, USA ƒ 572 94 Technology hardware & equipmentVale Do Rio Doce (now Vale), Brazil ƒ 112 1 MiningValeant Pharmaceuticals, USA ƒ 765 86 Pharmaceuticals & biotechnologyValeo, France 111 21 Automobiles & partsValspar, USA ƒ 770 58 ChemicalsVarian, USA ƒ 979 40 Health care equipment & servicesVarian Medical Systems, USA ƒ 598 23 Health care equipment & servicesVarian Semiconductor Equipment, USA ƒ 685 112 Technology hardware & equipmentVattenfall, Sweden 398 5 ElectricityVeolia Environnement, France 585 4 Gas, water & multiutilitiesVeriFone, USA ƒ 896 145 Technology hardware & equipmentVerigy, Singapore ƒ 731 120 Technology hardware & equipmentVeriSign, USA ƒ 635 41 Software & computer servicesVertex Pharmaceuticals, USA ƒ 277 35 Pharmaceuticals & biotechnologyVestas Wind Systems, Denmark 314 1 Alternative energyVilmorin, France 545 10 Food producersVisteon, USA ƒ 240 28 Automobiles & partsVivendi, France 119 1 MediaVivus, USA ƒ 921 108 Pharmaceuticals & biotechnologyVodafone, UK 258 1 Mobile telecommunicationsvoestalpine, Austria 535 9 Industrial metals & miningVoith, Germany 280 9 General industrialsVolkswagen, Germany 3 2 Automobiles & partsVolvo, Sweden 65 1 Industrial engineeringWabco, USA ƒ 792 66 Automobiles & partsWacker-Chemie, Germany 382 22 ChemicalsWartsila, Finland 505 25 Industrial engineeringWaters, USA ƒ 875 33 Health care equipment & servicesWatson Pharmaceuticals, USA ƒ 501 56 Pharmaceuticals & biotechnologyWeatherford International, USA ƒ 455 5 Oil equipment, services & distributionWendel, France 816 3 Financial servicesWest Japan Railway, Japan ƒ 949 9 Travel & leisureWestern Digital, USA ƒ 228 46 Technology hardware & equipmentWhirlpool, USA ƒ 238 3 Household goods & home constructionWilliam Demant, Denmark 789 30 Health care equipment & servicesWinbond Electronics, Taiwan ƒ 700 115 Technology hardware & equipmentWincor Nixdorf, Germany 567 36 Software & computer servicesWind River Systems, USA (now part of Intel) ƒ 856 57 Software & computer servicesWistron, Taiwan ƒ 444 75 Technology hardware & equipmentWMS Industries, USA ƒ 899 8 Travel & leisureWoodward Governor, USA ƒ 956 59 Industrial engineeringWR Grace, USA ƒ 862 68 Chemicals288 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data289

Table 16Index for ranking of top 1,000 global companiesTable 16Index for ranking of top 1,000 global companiesCompanyRankRankwithinindustryIndustry sectorCompanyRankRankwithinindustryIndustry sectorWyeth, USA ƒ 42 12 Pharmaceuticals & biotechnologyXerox, USA ƒ 158 29 Technology hardware & equipmentXilinx, USA ƒ 289 54 Technology hardware & equipmentXyratex, Bermuda ƒ 828 136 Technology hardware & equipmentYahoo!, USA ƒ 88 7 Software & computer servicesYakult Honsha, Japan ƒ 759 14 Food producersYamaha, Japan ƒ 342 12 Leisure goodsYamaha Motor, Japan ƒ 126 23 Automobiles & partsYamatake, Japan ƒ 703 59 Electronic & electrical equipmentYaskawa Electric, Japan ƒ 708 63 Electronic & electrical equipmentYokogawa Electric, Japan ƒ 233 21 Electronic & electrical equipmentYokohama Rubber, Japan ƒ 503 53 Automobiles & partsZebra Technologies, USA ƒ 846 75 Electronic & electrical equipmentZeltia, Spain 886 105 Pharmaceuticals & biotechnologyZeon, Japan ƒ 599 43 ChemicalsZF, Germany 128 24 Automobiles & partsZF Lenksysteme, Germany 511 54 Automobiles & partsZimmer, USA ƒ 449 15 Health care equipment & servicesZodiac, France 466 19 Aerospace & defenceZoran, USA ƒ 676 109 Technology hardware & equipmentZTE, China ƒ 186 40 Technology hardware & equipmentZymogenetics, USA ƒ 628 69 Pharmaceuticals & biotechnologyNotes:1 The above numbers following each company name indicate respectively theranked position overall and the rank within the industry sector to which thecompany has been allocated.2 Companies which are expected to publish their accounts on or near thecut-off date of 3 August 2009 have appended to their names the period end date ofthe accounts included in the Scoreboard.The following are the industry categories to which the companies havebeen allocated:1 Aerospace & defence2 Alternative energy3 Automobiles & parts4 Banks5 Beverages6 Chemicals7 Construction & materials8 Electricity9 Electronic & electrical equipment10 Equity investment instruments11 Financial services12 Fixed line telecommunications13 Food & drug retailers14 Food producers15 Forestry & paper16 Gas, water & multiutilities17 General industrials18 General retailers19 Health care equipment & services20 Household goods21 Industrial engineering22 Industrial metals23 Industrial transportation24 Leisure goods25 Life insurance26 Media27 Mining28 Mobile telecommunications29 Nonequity investment instruments30 Nonlife insurance31 Oil & gas producers32 Oil equipment, services & distribution33 Personal goods34 Pharmaceuticals & biotechnology35 Real estate investment & services36 Real estate investment trusts37 Software & computer services38 Support services39 Technology hardware & equipment40 Tobacco41 Travel & leisure290 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data291

Notes on scope, definitions and data sourcesNotes on scope, definitions ans data sourcesFor the UK1000, the accounts used are the consolidated groupaccounts of the ultimate UK parent. Companies which aresubsidiaries of other UK companies are not ranked separately, exceptfor:Scope, definitions and limitations of tables● some significant foreign owned companies that take advantageof the EC 7th Directive non-consolidation provision, as set out inLimitations below;● companies that disclose R&D costs where the ultimateconsolidating parent does not (e.g. Rosemont*);● the ultimate UK parent does not produce consolidated accounts(e.g. Conchango*) or;The 2009 R&D Scoreboard provides details of the top 1000 UKcompanies (the ‘UK1000’) and the top 1000 global companies (the‘G1000) ranked by their R&D investment. They have been preparedby Company Reporting (Bespoke Databases) Ltd from the annualreports and accounts of the companies featured and on the bases setout below.ScopeThe UK1000 and the G1000 have been prepared on the basis ofannual reports and accounts received by Company Reporting(Bespoke Databases) Ltd up to and including 3rd August 2009.Annual reports which have a year-end older than 30 months from thecut-off, or a publication date older than 24 months from the cut-off,are excluded.UK companies which are expected to publish their accounts at theend of July have appended to their names in the index the periodend of the accounts included in the Scoreboard. All FTSE 100,FTSE Mid 250 and significant international companies expected topublish accounts in July 2008 have their latest accounts included;for example, Kesa Electricals 2008/09, DSG International 2008/09,Research In Motion 2008/09 and Microsoft 2008/09. In some suchcases, preliminary full year accounts have been used providing all theinformation needed for a complete Scoreboard entry is available. Toensure a comparable dataset is used, all Japanese accounts includedin the Scoreboard are for the 2007/08 fiscal year (31st March 2008year-end).For companies that have prepared an annual report and accountsfor a period not equal to 12 months, the figures in the Scoreboardhave been “annualised” to reflect a 12 month period. In such cases,“†” has been appended to the company name (e.g. ImaginationTechnologies †). To ensure figures are not mis-represented, annualreports and accounts for a period of less than 4 months are not“annualised” and the annual reports and accounts are excluded fromthe Scoreboard.● the ultimate UK parent has never published accounts (e.g. ActixInternational*).For the global rankings, the accounts used are the accounts of theultimate parent company. Companies which are subsidiaries ofany other company are not ranked separately. These bases seek tomaximise completeness while at the same time minimising doublecounting.The R&D investment included in the Scoreboards is the cashinvestment which is funded by the companies themselves. It excludesR&D undertaken under contract for customers such as governmentsor other companies. It also excludes, where possible, the companies’share of any associated company or joint venture R&D investment.However, joint venture companies, such as Fujitsu SiemensComputers, that publish accounts and disclose R&D are included.Where part or all of R&D costs have been capitalised, to calculate thecash investment the additions to the appropriate intangible assets areincluded in the Scoreboard as R&D investment and any amortisationeliminated. For some foreign-owned UK companies, R&D investmentis incurred within the UK but funded by the parent or another groupcompany. In such cases, and where such R&D is noted in the UKcompany report, the scope of R&D investment included in the UKScoreboard is broadened to include the activity taking place in the UKbut funded from overseas (e.g. Ford Motor**).Data on previous years’ R&D investment is taken from theappropriate year’s annual report and accounts. R&D investment forprevious years does not take into account restated figures. Where asignificant event, such as a merger or acquisition has taken place,comparative figures from the latest accounts are taken to give amore accurate reflection of company performance. In the case ofacquisitions and mergers, earlier year figures are taken in respect ofthe larger of the two constituent companies.Where a company has reported under IFRS and disclosed a R&Dfigure for the first time, comparative figures are taken to give aR&D figure for the previous year and a 1 year growth rate. Where292 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data293

Notes on scope, definitions and data sourcesNotes on scope, definitions ans data sourcesa company previously reported under its domestic GAAP and hasdisclosed under IFRS for the first time in the current year, andwhere there is a material difference in R&D between the two years,comparative figures have been entered to more accurately reflectthe R&D spend for each year. Where there exists an informationdiscontinuity between the current year R&D figure and the previousyear comparative R&D figure, a “n/a” has been entered for theprevious year R&D.Companies with the same R&D spend to two decimal places areranked alphabetically in the ranking by R&D spend. If there is morethan one company with the same R&D spend to two decimal placesin the last ranked position, the actual R&D spend of the company isused to determine which company to include in the Scoreboard.DefinitionsThe R&D investment included in the Scoreboards, being thatdisclosed in the annual report and accounts, is subject to theaccounting definitions of R&D. For UK GAAP, the definition iscontained in Statement of Standard Accounting Practice (SSAP)13 “Accounting for research and development”. For companiesreporting under International Accounting Standards (IAS), thedefinition is contained in (IAS) 38 “Intangible assets”. Both of thesedefinitions are based on the OECD “Frascati” manual. The R&Dinvestment disclosed in some international companies’ accountsfollows the US practice of including engineering costs relating toproduct improvement. Where these engineering costs have beendisclosed separately, they have been excluded from the Scoreboard.However, the incidence of non-disclosure is uncertain and the impactof this practice is a possible overstatement of some overseas R&Dinvestment figures in comparison with the UK. Both US and UKpractice exclude technical service from the definition of R&D.In the UK1000, companies not listed on a recognised stock exchangehave been distinguished separately by the use of italics. Twoasterisks ** have been appended to the name of any companywhich is a subsidiary of a foreign parent (e.g. Kodak**). Where a UKcompany is a subsidiary and the ultimate parent is a UK company,which does not disclose R&D, one asterisk * will be appended (e.g.Zytek*).In the G1000, companies not listed on a recognised stock exchangehave been distinguished separately by the use of italics.Companies are assigned to the appropriate sectors of the IndustryClassification Benchmark (ICB) as of the year-end date of theiraccounts. Each company’s national stock exchange, or stock marketindices, is consulted to obtain an industry classification i.e. FTSEfor UK companies, Dow Jones for US companies and Euronext forBelgian, French, Dutch and Portuguese companies. Stock exchangeswhich do not use ICB and unlisted companies are allocated anindustry sector that best suits their business as described in theirannual accounts.For country rankings, companies are assigned to the country wherethey have chosen to incorporate the overall group. All dual-listedcompanies are assigned to the UK for the purpose of the Scoreboard.Listing status of UK and European companies has been taken as at 3August 2008.“Sales”—net revenue for the year. Excludes any grant incomedisclosed as part of turnover. For banks, turnover is defined as“Total (operating) income” as disclosed in the profit & loss account,excluding any provision for bad debts. For insurance companies,sales are defined as gross premiums plus any net banking income.For Insurance companies reporting under IFRS, sales are taken asthe “Total revenue” line less any banking expenses such as interest/commission fees to reflect a net banking figure.“Operating profit (or loss)”—profit before tax, less any grantsreceived, plus net financial expense (or minus net financialincome), less gains (or plus losses) arising from the sale/disposalof businesses or fixed assets. Profits/losses on the disposal ofbusinesses and fixed assets are excluded from operating profit on thebasis they are not operating items.“Growth over last four years”—current year R&D minus previous 4year average over the previous 4 year average. “4yr Growth” is stillcalculated if a company has one fewer year of data (e.g. current andthree previous years).“R&D investment plus capital expenditure”—current year R&Dinvestment plus additions to tangible fixed assets.“Employees”—the consolidated average employees total, or yearend employees if average not stated.“Sales outside region”—sales to a destination outside the company’shome region of either Europe, North America or Rest of the World.“Market Breadth”—sales by destination broken down between:● Europe (where companies have defined their market breadthregion as “EMEA” it has been included in “Europe”);● North America (where companies have defined their marketbreadth region as “Americas” it has been included in “NorthAmerica”); and● Rest of the World294 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data295

Notes on scope, definitions and data sourcesNotes on scope, definitions ans data sourcesExchange rates—All foreign currency amounts have been translatedat the UK sterling exchange rates ruling at 31 December 2008. Thisapplies also to the historical comparative data. The principal ratesused are:Australia: $2.0622Norway: 10.0673 Norwegian KronerCanada: $1.7749Russia: 43.9017 RoubleChina: 9.8098 YuanSlovakia: 31.1598 KorunaCroatia: 7.6242 Kuna Singapore: $2.0715Denmark: 7.6987 Danish Kronor South Africa: 13.292 RandEuro: 1.0344South Korea: 1810.92 WonHong Kong: $11.1429Sweden: 11.3697 Swedish KronorHungary: 274.999 ForintSwitzerland: 1.5303 Swiss FrancIndia: 70.0472 Indian Rupee Taiwan: $47.1841Israel: 5.4304 ShekelTurkey: 2.2192 LiraJapan: 130.332 Yen USA: $ 1.4378The market capitalisation figures in the Scoreboards are the grossmarket capitalisation of each company as at 14 August 2009. Thepercentage change in market capitalisation is calculated from marketcapitalisation on 8 August 2008.In the data tables, n/l stands for ‘not listed’, n/m stands for ‘notmeaningful’ (applied to certain ratios) and n/a stands for ‘notavailable from accounts’.Nationally owned—UK company which has a UK parent which hasnot published accounts, or does not disclose R&D in their accounts.Nationally owned companies appear in the Scoreboard with anasterisk appended to their name (e.g. Ardana Bioscience*).SourcesThe database from which the Scoreboards are drawn is owned andmaintained by Company Reporting (Bespoke Databases) Ltd. Thedatabase consists of information from the audited annual reportsand accounts of UK and international companies. The companiesincluded are those which are identified by Company Reporting(Bespoke Databases) as having a R&D activity and which respond toa request for their annual reports and accounts; there are no knownomissions. The database contains many times more companies thanare listed in the Scoreboard to ensure that the top 1000 companies byR&D investment can be identified in each case.The market capitalisation data for UK and Global companies hasbeen extracted from the Reuters 3000 Xtra service as at close oftrading on 14 August 2009. Listing status (i.e. the companies in FTSE100, FTSE 250, FT Global 500 etc.) is taken as of 3 August 2009.The Company Reporting (Bespoke Databases) database issupplemented by a feed service from Standard & Poor’s CompustatGlobal Vantage database to identify potential new entrants to theranking. Bureau van Dijk’s databases, Reuters Knowledge database,Thomson Datastream, industry associations and a number ofother sources have also been used. Recognised international stockexchanges are monitored also for potential new entrants.LimitationsThere are some limitations inherent in the approach used inpreparing the Scoreboards.The main limitation is the reliance on disclosure of R&D investmentin published annual reports and accounts. In the UK, CompanyReporting has found that a significant minority of companies withevidence of R&D activities disclose no figures for R&D investment.In some cases, the R&D investment is not material enough towarrant disclosure; in others (e.g. small companies) this is permittedby current accounting standards. However, the number of suchcompanies making voluntary disclosure suggests that issuesof definition are not regarded universally as insurmountable.Fortunately the level of voluntary disclosure amongst smaller UKcompanies (i.e. those below the size where disclosure of R&D iscompulsory) is particularly high in R&D intensive sectors such asPharmaceuticals & biotechnology or Software & computer services.In the UK Scoreboard, some foreign-owned companies do notprovide group accounts. They have taken advantage certainaccounting provisions, which allows them to not prepareconsolidated accounts if their results are reflected in the consolidatedaccounts of a parent company within another member country ofthe European Union or in the USA; examples are Akzo Nobel in theEuropean Union and Ford in the USA. Where there are no meaningfulfigures at group level, the accounts of the major UK operatingsubsidiaries are used if these disclose R&D; examples of this are AkzoNobel Decorative Coatings** and Akzo Nobel Powder Coatings**.A few foreign-owned UK companies are known to have significantR&D investment but do not disclose this investment in their accountsand cannot therefore be included; examples of this are Procter &Gamble UK and Volkswagen. Companies occasionally change thebasis on which they calculate R&D and/or disclose it in their reports.The Scoreboard always records the published figure but, whereexplanations of major changes are available, the essence of suchexplanations is included in these notes.For many diversified groups, the R&D investment disclosed in theiraccounts arises from only part of their activities, whereas sales,operating profit and market capitalisation are in respect of all theiractivities. Unless all such companies disclose additionally their R&Dinvestment with the other information in segmental analyses, it is296 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data297

Notes on scope, definitions and data sourcesNotes on scope, definitions ans data sourcesnot possible to relate the R&D more closely to the results of theindividual activities which give rise to it. The impact of this is thatsome statistics for these companies, e.g. R&D as a % of sales, arepossibly understated for the divisions that are active in R&D.The focus of the R&D Scoreboard on the R&D investment reportedin the annual reports and accounts means that the results areindependent of the location of the R&D activity. The UK1000 indicatesthe overall level of R&D funded by UK companies, not all of whichis carried out in the UK. This approach enables inputs such as R&Dinvestment and capital expenditure to be related to outputs suchas sales, value added, profitability, productivity ratios and marketcapitalisation.The information in the R&D Scoreboard differs from otherinformation such as the Business Enterprise R&D (BERD) datagenerated by the UK Office for National Statistics (ONS). The ONSdata focuses on R&D activity within the UK, independent of thesource of funding, and excludes R&D carried out by UK companies inother countries.The companies of some countries are less likely than others todisclose R&D investment, or to disclose it consistently. As a result,the global Scoreboard cannot set out to capture systematically allcompanies with R&D activity. There is evidence to suggest thatthe distribution of R&D activity is highly skewed towards largercompanies. The Scoreboard captures the more significant R&Dinvesting companies and, in any case, the minimum R&D needed forinclusion in the global Scoreboard is over £48.43M. The Scoreboardtherefore allows reasonable comparisons to be made. CompanyReporting has found that international private companies do notreadily make available copies of their annual reports and accounts.A significant number of companies from South Asia and the AsianPacific regions were analysed. However, many were found tohave R&D activity below the £48.43M required to be included inthe Scoreboard. Such companies include: AViChina Industry &Technology (Hong Kong), China Railway (China), China ResourcesMicroelectronics (China), Cipla (India), Cochlear (Australia), CoreProjects & Technologies (India), Coretronic (Taiwan), CreativeTechnology (Singapore), Fonterra Co-operative Group (New Zealand),Gigabyte Technology (Taiwan), Great Wall Motor (Hong Kong),Hanwha Chemical (South Korea), HCL Technologies (India), HongLeong Asia (Singapore), Hyundai Engineering & Construction (SouthKorea), Innolux Display (Taiwan), Korea Gas (South Korea), Lite-On It (Taiwan), Lupin (India), Mahindra & Mahindra (India), Nufarm(Australia), Reliance Industries (India), Singapore TechnologiesEngineering (Singapore), SK Energy (South Korea), Stats ChipPAC(Singapore), Stella International (Hong Kong), Sun PharmaceuticalIndustries (India), Taiwan Power (Taiwan), TCL CommunicationsTechnology (China), Universal Scientific Industrial (Taiwan), VTechHoldings (Hong Kong) and Weichai Power (Hong Kong). NumerousChinese companies did not respond to requests for their accounts.A number of companies identified in the Standard & Poor’sCompustat Global Vantage database, Bureau Van Dijk database,Thomson Datastream list and Reuters Knowledge service assignificant investors in R&D did not disclose any R&D spend in theirpublished annual reports and accounts. Such companies include:Allied Telesis (Japan), Arima Communications (Taiwan), Mahle MetalLeve (Brazil), Oil & Gas Development (Pakistan), Pyramid SaimiraTheatre (India), Reliance Communications (India), Saxa (Japan) andSohu.com (China).There is a lack of consistency in the disclosure of sales data usedfor the “Market Breadth” analysis. Many companies disclose salesby geographic origin as opposed to geographic destination—thesecompanies have been excluded from the “Market Breadth” analysis.If it has not been possible to disaggregate a company’s sales into thethree standard regions, the company has also been excluded fromthe “Market Breadth” analysis.Where companies have disclosed discontinued operations separately,the figures have been added to the continuing operations to give theaggregated company figures for the fiscal year. Less detail may begiven in the discontinued operations disclosure and this may lead toan underestimated R&D figure.298 Company data The 2009 R&D ScoreboardThe 2009 R&D Scoreboard Company data299

Notes on scope, definitions and data sourcesAccessing the full dataThe following organisations have kindly agreed to endorse theScoreboard as a source of information for companies and theirshareholders when considering the amount invested in R&Das part of the innovation process and business strategy.The full 2009 R&D Scoreboard data set plus the analysis andcommentary are available from the R&D Scoreboard website at:www.innovation.gov.uk/rd_scoreboard.The data can also be accessed from the above page by choosingthe option to download the data as a CSV file. These files canusually be opened in a spreadsheet program (eg, Lotus 123 orMicrosoft Excel) and converted into a spreadsheet from wherethe data can be studied.Company dataThe company data contained in this Scoreboard is provided by:Company Reporting (Bespoke Databases) Ltd11 John’s PlaceEdinburgh EH6 7ELTel: 0131 561 8000Fax: 0131 561 8001Email: research@comrep.co.uk300 Company data The 2009 R&D Scoreboard

First published March 2010.Department for Business, Innovation & Skills.www.bis.gov.uk/randscoreboard© Crown Copyright. URN 10/215