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## Profit and loss accounts 

<img src='content_image/134337.jpg'>

## Earnings per ordinary share ("EPS") 

<img src='content_image/134338.jpg'>

The above amounts derive from continuing activities. 

## Adjusted figures 

<img src='content_image/134341.jpg'>

Adjusted figures, which exclude the amortisation of goodwill and intangible assets, exceptional items and related tax effects, are presented as additional performance measures, and are reconciled to the reported figures in note 8 to the financial statements. 

Group financial statements, reflecting Reed Elsevier NV’s 50% interest in the Reed Elsevier combined businesses, are presented using the gross equity method. 

