+ Contents - Section Front Cover Contents and Introduction Chairman's Statement Business Review - Operating Review - Financial Review Corporate Responsibility Governance - Board of Directors - Executive Management Team - Directors' Report - Corporate Governance - Remuneration Report - Directors' Responsibilities Statement Financial Statements - Independent Auditors' Report to the members of Smiths News PLC - Group Income Statement - Group Balance Sheet - Group Cash Flow Statement - Group Statement of Recognised Income and Expense - Notes to the Financial Statements - Three Year Financial Summary - Independent Auditors' Report to the members of Smiths News PLC - Company Balance Sheet - Notes to the Company Balance Sheet Shareholder Information

Notes to the Financial Statements 01. Accounting policies 02. Segmental analysis of results 03. Operating profit 04. Retirement benefit obligation 05. Staff costs and employees 06. Operating lease commitments 07. Investment revenues 08. Finance costs 09. Income tax expense 10. Dividends 11. Earnings per share 12. Intangible assets 13. Property, plant and equipment 14. Investment in joint venture and associate 15. Available for sale investments 16. Other financial assets 17. Trade and other payables 18. Other non-current liabilities 19. Obligations under finance leases 20. Provisions 21. Deferred tax 22. Borrowings 23. Derivative financial instruments 24. Financial instruments 25. Contingent liabilities and capital commitments 26. Net cash inflow from operating activities 27. Share-based payments 28. Called up share capital 29. Reconciliation of movements in equity 30. Related party transactions 31. Principal companies

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