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Tate & Lyle
Having restructured the division during the year to focus on Single Ingredients and Food Systems, we performed well achieving a 24% increase in adjusted operating profits. Oliver Rigaud President, Food & Industrial Ingredients, Europe

Food & Industrial Ingredients, Europe

Our Food & Industrial Ingredients, Europe division has two parts, Single Ingredients and Food Systems, linked by a strong R&D network. Our Single Ingredients business includes the Eaststarch joint venture (five corn plants in Central Europe) which produces sweeteners and starches, and our corn plant in the Netherlands which produces speciality starches. Our Food Systems business makes bespoke stabilising systems.

Key performance indicators

Return on net operating assets1  
Target (longer-term) 20%
2009 8%
2008 10%
2007 14%

1 Measured by financial year on total operations

Description. This is the division’s profit before interest, tax and exceptional items divided by the average net operating assets. The Group’s initial target is to achieve a return on net operating assets of 15%, with a longer-term target of 20%.

Energy use2  
Target 3.0% reduction
2008 1.2% increase
2007 1.2% reduction
2006 2.4% reduction

2 Measured by calendar year

Description. Our businesses have a target to reduce energy consumption on a per unit basis by 3% each year. The figures above show the percentage movement in the division’s energy index each year. More details on the Group’s energy use are in the Corporate Social Resposibility section.

Safety index3  
Target zero
2008 0.42
2007 2.52
2006 1.28

3 Measured by calendar year

Description. Our safety index compares safety performance across the division and is a weighted average of injuries sustained in the workplace, with more severe incidents having greater impact. The lower the index, the better the performance. More details are in the Corporate Social Responsibility section.

Financial highlights

  Year to 31 March 2009 Year to 31 March 2008
£m Primary Value added Total Primary Value added Total
Sales
Food 170 206 376 168 155 323
Industrial 163 - 163 138 - 138
  333 206 539 306 155 461
Adjusted operating profit
Food 27 24 51 14 21 35
Industrial - - - 6 - 6
  27 24 51 20 21 41
Margin
Food 15.9% 11.7% 13.6% 8.3% 13.5% 10.8%
Industrial - - - 4.3% - 4.3%
Total 8.1% 11.7% 9.5% 6.5% 13.5% 8.9%

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