ORATEC

2001

As if acquired for full year

$m

Sales 48

EBIT reported (2)

Integration benefits 11

9

Interest on $281m (11)

(2)

Tax 1

Earnings effect (1)

EPS effect -½%

Before:-

Amortisation (for 20 years) (12)

Tax losses (cash benefit for 4 years) 5

Sales growth 2002 +10%

2003 +25%

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