Reconciliation of profit before interest and taxation to headline PBIT

12 Months Ended

Dec. 31, 2018

29. Reconciliation of profit before interest and taxation to headline PBIT

Reconciliation of profit before interest and taxation to headline PBIT:


	2018 £m			2017 £m			2016 £m
Profit before interest and taxation		1,474.9			2,021.7			2,112.9
Amortisation and impairment of acquired intangible assets		280.0			195.1			168.4
Goodwill impairment		183.9			27.1			27.0
Gains on disposal of investments and subsidiaries	(235.5)			(129.0)			(44.3)
(Gains)/losses on remeasurement of equity interests arising from a change in scope of ownership		(2.0	)		0.3			(232.4	)
Investment write-downs		2.0			95.9			86.1
Restructuring and transformation costs		302.3			56.8			27.4
Share of exceptional losses/(gains) of associates		41.7			(0.8	)		15.2
Headline PBIT		2,047.3			2,267.1			2,160.3

Headline PBIT is one of the metrics that management uses to assess the performance of the business.