AstraZeneca Annual Report and Form 20-F Information 2008

Notes to the Financial Statements (Group)

• 1 Operating profit
• 2 Finance income and expense
• 3 Taxation
• 4 Earnings per $0.25 Ordinary Share
• 5 Segment information

5 Segment information

The Group’s activities are in one business segment, pharmaceuticals. There are no other significant classes of business, either singularly or in aggregate.

Geographic areas

The tables below show information by geographic area and, for revenue and property, plant and equipment, material countries. The figures show the revenue, operating profit and profit before tax made by companies located in that area/country, together with segment assets, segment assets acquired, net operating assets and property, plant and equipment owned by the same companies; export sales and the related profit are included in the area/country from which those sales were made.

	Revenue
	2008  $m	2007  $m	2006  $m
UK External	1,910	1,981	1,686
Intra-Group	8,460	6,506	6,123
	10,370	8,487	7,809
Continental Europe Belgium	380	387	344
France	1,945	1,806	1,641
Germany	1,225	1,164	1,113
Italy	1,145	1,111	1,075
Spain	832	840	723
Sweden	1,135	985	843
Others	2,696	2,291	1,929
Intra-Group	3,895	4,123	4,314
	13,253	12,707	11,982
The Americas Canada	1,269	1,145	1,031
US	13,657	13,404	12,381
Others	1,155	872	673
Intra-Group	1,169	786	351
	17,250	16,207	14,436
Asia, Africa & Australasia Australia	763	631	481
Japan	1,861	1,585	1,433
China	627	403	224
Others	1,001	954	898
Intra-Group	78	56	49
	4,330	3,629	3,085
Continuing operations	45,203	41,030	37,312
Intra-Group eliminations	(13,602)	(11,471)	(10,837)
	31,601	29,559	26,475

Export sales from the UK totalled $9,439m for the year ended 31 December 2008 (2007: $7,546m; 2006: $7,012m).

Intra-Group pricing is determined on an arm’s length basis.

	Operating profit			Profit before tax
Profit from	2008 $m	2007 $m	2006 $m	2008 $m	2007 $m	2006 $m
UK	2,907	2,060	1,852	2,612	1,828	1,936
Continental Europe	3,136	2,894	3,648	3,233	2,964	3,700
The Americas	2,705	2,734	2,437	2,440	2,781	2,627
Asia, Africa & Australasia	396	406	279	396	410	280
Continuing operations	9,144	8,094	8,216	8,681	7,983	8,543

	Total assets
	2008 $m	2007 $m	2006 $m
UK	9,270	12,003	13,346
Continental Europe	6,229	7,311	6,937
The Americas	26,215	24,175	6,334
Asia, Africa & Australasia	2,489	2,217	1,950
Income tax receivable	2,581	2,251	1,365
Continuing operations	46,784	47,957	29,932

	Assets acquired1			Net operating assets2
	2008 $m	2007 $m	2006 $m	2008 $m	2007 $m	2006 $m
UK	440	929	2,282	4,234	5,043	4,977
Continental Europe	295	624	440	3,683	4,972	4,820
The Americas	3,252	17,858	292	21,033	19,742	2,081
Asia, Africa & Australasia	67	48	50	1,732	1,510	1,270
Continuing operations	4,054	19,459	3,064	30,682	31,267	13,148

¹ Included in ‘assets acquired’ are those assets that are expected to be used during more than one period (property, plant and equipment, goodwill and intangible assets).

² ‘Net operating assets’ exclude short-term investments, cash, short-term borrowings, loans, retirement benefit obligations and non-operating receivables and payables.

	Property, plant and equipment
	2008 $m	2007 $m	2006 $m
UK	1,750	2,490	2,508
Sweden	1,722	2,204	2,104
US	2,200	1,915	1,172
Rest of the world	1,371	1,689	1,669
Continuing operations	7,043	8,298	7,453

Geographic markets

The table below shows revenue in each geographic market in which customers are located.

	2008 $m	2007 $m	2006 $m
UK	994	1,003	850
Continental Europe	9,937	9,138	8,053
The Americas	15,945	15,459	14,213
Asia, Africa & Australasia	4,725	3,959	3,359
Continuing operations	31,601	29,559	26,475

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