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Business segments For management
purposes the Group is organised on a worldwide basis into four major operating businesses. The strategic
business units are the basis upon which the Group reports its primary segment information. Financial
information on business and geographical segments is presented in section I (see "segment information”
below). There are no material inter-segment transactions. All consolidation entries are included in
the relevant segment. According to the monthly reporting scheme, which is the basis for the primary
segment information, all sales and all direct and indirect expenses (including overhead and administrative
costs) are allocated to business segments. Net segmental assets consist
of: - intangible fixed assets, property, plant
and equipment;
- current
assets not including cash and cash equivalents and marketable securities; and
- liabilities
not including interest bearing borrowings of each segment
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