

Six months ended	North America		Europe and Turkey		Africa		Latin America and Caribbean		Asia Pacific		ISC		Eliminate inter- segment sales		Total operating segments		Corporate and other		Total
31 December 2019	£ million		£ million		£ million		£ million		£ million		£ million		£ million		£ million		£ million		£ million
Sales	2,830		2,971		1,212		893		2,898		811		(811	)	10,804		27		10,831
Net sales
At budgeted exchange rates⁽ⁱ⁾	2,395		1,617		825		679		1,455		874		(811	)	7,034		27		7,061
Acquisitions and disposals	25		5		17		—		1		—		—		48		—		48
ISC allocation	8		37		3		8		7		(63	)	—		—		—		—
Retranslation to actual exchange rates	74		7		3		(7	)	14		—		—		91		—		91
Net sales	2,502		1,666		848		680		1,477		811		(811	)	7,173		27		7,200
Operating profit/(loss)
At budgeted exchange rates⁽ⁱ⁾	1,098		573		164		250		424		73		—		2,582		(84	)	2,498
Acquisitions and disposals	1		(2	)	—		—		—		—		—		(1	)	—		(1	)
ISC allocation	11		37		3		12		10		(73	)	—		—		—		—
Fair value remeasurement of contingent consideration	(4	)	—		—		—		—		—		—		(4	)	—		(4	)
Fair value remeasurement of biological assets	—		—		—		4		—		—		—		4		—		4
Retranslation to actual exchange rates	14		7		(8	)	(9	)	(2	)	—		—		2		2		4
Operating profit/(loss) before exceptional items	1,120		615		159		257		432		—		—		2,583		(82	)	2,501
Exceptional items	—		—		—		—		(59	)	—		—		(59	)	—		(59	)
Operating profit/(loss)	1,120		615		159		257		373		—		—		2,524		(82	)	2,442
Non-operating items																			—
Net finance charges																			(154	)
Share of after tax results of associates and joint ventures																			176
Profit before taxation																			2,464



Six months ended	North America	Europe and Turkey		Africa	Latin America and Caribbean	Asia Pacific	ISC		Eliminate inter- segment sales		Total operating segments	Corporate and other		Total
31 December 2018	£ million	£ million		£ million	£ million	£ million	£ million		£ million		£ million	£ million		£ million
Sales	2,667	2,879		1,160	864	2,765	923		(923	)	10,335	28		10,363
Net sales
At budgeted exchange rates⁽ⁱ⁾	2,108	1,629		784	648	1,379	980		(920	)	6,608	29		6,637
Acquisitions and disposals	68	1		1	—	1	—		—		71	—		71
ISC allocation	7	35		3	8	7	(60	)	—		—	—		—
Retranslation to actual exchange rates	173	(32	)	33	16	11	3		(3	)	201	(1	)	200
Net sales	2,356	1,633		821	672	1,398	923		(923	)	6,880	28		6,908
Operating profit/(loss)
At budgeted exchange rates⁽ⁱ⁾	953	581		143	221	385	88		—		2,371	(77	)	2,294
Acquisitions and disposals	40	1		1	—	—	—		—		42	—		42
ISC allocation	10	46		4	19	9	(88	)	—		—	—		—
Retranslation to actual exchange rates	98	(14	)	5	14	15	—		—		118	(3	)	115
Operating profit/(loss) before exceptional items	1,101	614		153	254	409	—		—		2,531	(80	)	2,451
Exceptional items	—	—		—	—	—	—		—		—	(21	)	(21	)
Operating profit/(loss)	1,101	614		153	254	409	—		—		2,531	(101	)	2,430
Non-operating items														146
Net finance charges														(128	)
Share of after tax results of associates and joint ventures														179
Profit before taxation														2,627

(i) These items represent the IFRS 8 performance measures for the geographical and ISC segments.

(1) The net sales figures for ISC reported to the Executive Committee primarily comprise inter-segmental sales and these are eliminated in a separate column in the above segmental analysis. Apart from sales by the ISC segment to the other operating segments, inter-segmental sales are not material.

(2) The group’s net finance charges are managed centrally and are not attributable to individual operating segments.

(3) Approximately 40% of annual net sales occur in the last four months of each calendar year.