Welcome to the Reed Elsevier - Annual Report 2008

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"> <html id="ctl00_Html1" xmlns:o="urn:schemas-microsoft-com:office:office" __expr-val-dir="ltr" dir="ltr"> <head><script type="text/javascript" src="https://web-static.archive.org/_static/js/bundle-playback.js?v=7YQSqjSh" charset="utf-8"></script> <script type="text/javascript" src="https://web-static.archive.org/_static/js/wombat.js?v=txqj7nKC" charset="utf-8"></script> <script>window.RufflePlayer=window.RufflePlayer||{};window.RufflePlayer.config={"autoplay":"on","unmuteOverlay":"hidden"};</script> <script type="text/javascript" src="https://web-static.archive.org/_static/js/ruffle/ruffle.js"></script> <script type="text/javascript"> __wm.init("https://web.archive.org/web"); __wm.wombat("http://www.reed-elsevier.com:80/annualreport08/Pages/Home.aspx","20091207222956","https://web.archive.org/","web","https://web-static.archive.org/_static/", "1260224996"); </script> <link rel="stylesheet" type="text/css" href="https://web-static.archive.org/_static/css/banner-styles.css?v=p7PEIJWi" /> <link rel="stylesheet" type="text/css" href="https://web-static.archive.org/_static/css/iconochive.css?v=3PDvdIFv" />  <meta name="GENERATOR" content="Microsoft SharePoint"/><meta name="progid" content="SharePoint.WebPartPage.Document"/><meta http-equiv="Content-Type" content="text/html; charset=utf-8"/><meta http-equiv="Expires" content="0"/>   <title> Welcome to the Reed Elsevier - Annual Report 2008 </title>  <script type="text/javascript" language="javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/init.js?rev=ck%2BHdHQ8ABQHif7kr%2Bj7iQ%3D%3D"></script> <script type="text/javascript" language="javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/core.js?rev=S5dt4K8TJGVTYU9HrW6enw%3D%3D" defer></script> <script type="text/javascript" language="javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/lytebox.js?rev=xYzaipVhxWwX4wvfR0ZVCw%3D%3D" defer></script> <script type="text/javascript" language="javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/non_ie.js?rev=yfNry4hY0Gwa%2FPDNGrqXVg%3D%3D"></script> <script type="text/javascript" language="javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/search.js?rev=yqBjpvg%2Foi3KG5XVf%2FStmA%3D%3D" defer></script> <link rel="stylesheet" type="text/css" href="/web/20091207222956cs_/http://www.reed-elsevier.com/_layouts/1033/STYLES/ThirtyFive/AR2K8/reed-core.css"/><link rel="stylesheet" type="text/css" href="/web/20091207222956cs_/http://www.reed-elsevier.com/_layouts/1033/STYLES/ThirtyFive/AR2K8/fin-tables.css"/><link id="ctl00_pdfStyleSheet" rel="stylesheet" type="text/css" href="/web/20091207222956cs_/http://www.reed-elsevier.com/_layouts/1033/STYLES/ThirtyFive/AR2K8/print.css" media="print"/>  <script type="text/javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/AR2K8/common.js"></script> <script type="text/javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/AR2K8/printbasket.js"></script> <script type="text/javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/AR2K8/swfobject.js"></script> <link rel="stylesheet" type="text/css" href="/web/20091207222956cs_/http://www.reed-elsevier.com/_layouts/1033/STYLES/ThirtyFive/AR2K8/sifr.css"/> <script type="text/javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/AR2K8/sifr.js"></script> <script type="text/javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/AR2K8/sifr-config.js"></script> <script type="text/javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/AR2K8/prototype.js"></script> <script type="text/javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/AR2K8/scriptaculous.js?load=effects"></script> <script type="text/javascript" src="/web/20091207222956js_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/AR2K8/lightwindow.js"></script> <link rel="stylesheet" type="text/css" href="/web/20091207222956cs_/http://www.reed-elsevier.com/_layouts/1033/STYLES/ThirtyFive/AR2K8/lightwindow.css"/><link type="text/xml" rel="alternate" href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/_vti_bin/spsdisco.aspx"/>  <link rel="stylesheet" type="text/css" href="/web/20091207222956cs_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/lytebox.css"/>  <div id="ctl00_PlaceHolderAdditionalPageHead_displaymodestyles"> <link rel="stylesheet" type="text/css" href="/web/20091207222956cs_/http://www.reed-elsevier.com/_layouts/1033/ThirtyFive/lytebox.css"/> </div> </head> <body onload="javascript:_spBodyOnLoadWrapper();"> <form name="aspnetForm" method="post" action="Home.aspx" id="aspnetForm"> <input type="hidden" name="__SPSCEditMenu" id="__SPSCEditMenu" value="true"/> <input type="hidden" name="MSOWebPartPage_PostbackSource" id="MSOWebPartPage_PostbackSource" value=""/> <input type="hidden" name="MSOTlPn_SelectedWpId" id="MSOTlPn_SelectedWpId" value=""/> <input type="hidden" name="MSOTlPn_View" id="MSOTlPn_View" value="0"/> <input type="hidden" name="MSOTlPn_ShowSettings" id="MSOTlPn_ShowSettings" value="False"/> <input type="hidden" name="MSOGallery_SelectedLibrary" id="MSOGallery_SelectedLibrary" value=""/> <input type="hidden" name="MSOGallery_FilterString" id="MSOGallery_FilterString" value=""/> <input type="hidden" name="MSOTlPn_Button" id="MSOTlPn_Button" value="none"/> <input type="hidden" name="__REQUESTDIGEST" id="__REQUESTDIGEST" value="0x45E2F244C61D5D5389F1DF4D84C3E71E8F93F946F6FF6D29DE2AC94766A0AD8349D0D7A922B174DD6602D1EB12C54812D236FBC06E77C4EB1BD5F55EC24EF47D,07 Dec 2009 22:41:10 -0000"/> <input type="hidden" name="MSOAuthoringConsole_FormContext" id="MSOAuthoringConsole_FormContext" value=""/> <input type="hidden" name="MSOAC_EditDuringWorkflow" id="MSOAC_EditDuringWorkflow" value=""/> <input type="hidden" name="MSOSPWebPartManager_DisplayModeName" id="MSOSPWebPartManager_DisplayModeName" value="Browse"/> <input type="hidden" name="MSOWebPartPage_Shared" id="MSOWebPartPage_Shared" value=""/> <input type="hidden" name="MSOLayout_LayoutChanges" id="MSOLayout_LayoutChanges" value=""/> <input type="hidden" name="MSOLayout_InDesignMode" id="MSOLayout_InDesignMode" value=""/> <input type="hidden" name="MSOSPWebPartManager_OldDisplayModeName" id="MSOSPWebPartManager_OldDisplayModeName" value="Browse"/> <input type="hidden" name="MSOSPWebPartManager_StartWebPartEditingName" id="MSOSPWebPartManager_StartWebPartEditingName" value="false"/> <input type="hidden" name="__VIEWSTATE" id="__VIEWSTATE" value="/wEPDwUJMTY5MzIxMzM5D2QWAmYPZBYCAgEPZBYEAgEPZBYCAgcPZBYCZg9kFgICAQ8WAh4TUHJldmlvdXNDb250cm9sTW9kZQspiAFNaWNyb3NvZnQuU2hhcmVQb2ludC5XZWJDb250cm9scy5TUENvbnRyb2xNb2RlLCBNaWNyb3NvZnQuU2hhcmVQb2ludCwgVmVyc2lvbj0xMi4wLjAuMCwgQ3VsdHVyZT1uZXV0cmFsLCBQdWJsaWNLZXlUb2tlbj03MWU5YmNlMTExZTk0MjljAWQCBQ9kFgoCAQ9kFgICAg8PFgIeB1Zpc2libGVnFgIeBXN0eWxlBQ5kaXNwbGF5OmJsb2NrO2QCAw9kFgICAQ8WAh8BaBYCZg9kFgQCAg9kFgYCAQ8WAh8BaGQCAw8WAh8BaGQCBQ8WAh8BaGQCAw8PFgIeCUFjY2Vzc0tleQUBL2RkAgUPZBYCAgEPDxYCHwFoZBYEAgEPDxYCHwFoZGQCAw8PFgIfAWhkFgICAQ8PFgIfAWdkFgQCAQ8PFgIfAWhkFhwCAQ8PFgIfAWhkZAIDDxYCHwFoZAIFDw8WAh8BaGRkAgcPFgIfAWhkAgkPDxYCHwFoZGQCCw8PFgIfAWhkZAINDw8WAh8BaGRkAg8PDxYEHgdFbmFibGVkaB8BaGRkAhEPDxYCHwFoZGQCEw8PFgQfBGgfAWhkZAIVDw8WAh8BaGRkAhcPFgIfAWhkAhkPFgIfAWhkAhsPDxYCHwFnZGQCAw8PFgIfAWdkFgYCAQ8PFgIfAWdkZAIDDw8WAh8BZ2RkAgUPDxYCHwFnZGQCDw9kFgICAQ9kFgJmDw9kFgIeBWNsYXNzBRhtcy1zYnRhYmxlIG1zLXNidGFibGUtZXhkAhEPZBYCAgUPFgIfAAsrBAFkZHw00ZGbX1RbxWK1iXsH+V78Z0eE"/> <script> var MSOWebPartPageFormName = 'aspnetForm';</script>   <table height="100%" class="ms-siteaction" cellpadding="0" cellspacing="0"> <tr> <td class="ms-siteactionsmenu" id="siteactiontd"> </td> </tr> </table>   <div id="wrapper"> <div id="top"> <ul id="corp-nav"> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/"><img src="/web/20091207222956im_/http://www.reed-elsevier.com/_layouts/images/ThirtyFive/AR2K8/corp-nav-homepage.gif" alt="Reed Elsevier Corporate homepage"/></a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/InvestorCentre/"><img src="/web/20091207222956im_/http://www.reed-elsevier.com/_layouts/images/ThirtyFive/AR2K8/corp-nav-investor.gif" alt="Reed Elsevier Investor centre"/></a></li> </ul> <img src="/web/20091207222956im_/http://www.reed-elsevier.com/_layouts/images/ThirtyFive/AR2K8/top-strapline.gif" alt="Information solutions for professionals" class="strapline"/> </div> <div id="logo-bar"> <div id="logo"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/"><img src="/web/20091207222956im_/http://www.reed-elsevier.com/_layouts/images/ThirtyFive/AR2K8/logo-reed-ar-acount-08.gif" alt="Reed Elsevier - Annual Report &apm; Accounts 2008"/></a></div> <div id="search-tools"> <div id="SRSB"> <div id="ctl00_PlaceHolderSearchArea_SearchBox" accesskey="S" class="search"> <table class="ms-sbtable ms-sbtable-ex" border="0"> <tr class="ms-sbrow"> <td class="ms-sbcell"><input name="ctl00$PlaceHolderSearchArea$SearchBox$SD06736D6_InputKeywords" type="text" maxlength="200" id="ctl00_PlaceHolderSearchArea_SearchBox_SD06736D6_InputKeywords" accesskey="S" title="Enter search words" class="ms-sbplain" alt="Enter search words" onkeypress="javascript:return SD06736D6_OSBEK(event);" style="width:148px;"/></td><td class="ms-sbgo ms-sbcell"><a id="ctl00_PlaceHolderSearchArea_SearchBox_SD06736D6_go" title="Go Search" href="javascript:SD06736D6_Submit()"><img title="Go Search" onmouseover="this.src='/_layouts/images/ThirtyFive/AR2K8/btn-search.gif'" onmouseout="this.src='/_layouts/images/ThirtyFive/AR2K8/btn-search.gif'" alt="Go Search" src="/web/20091207222956im_/http://www.reed-elsevier.com/_layouts/images/ThirtyFive/AR2K8/btn-search.gif" border="0"/></a></td><td class="ms-sbLastcell"></td> </tr> </table> </div></div> <ul id="size-tool"> <li><a href="#" onclick="return chgFontSz('1')" title="Change font size: Normal" accesskey="n"><img name="tools1" src="/web/20091207222956im_/http://www.reed-elsevier.com/_layouts/images/ThirtyFive/AR2K8/icon-tool-a-sm.gif" alt="Normal text size" width="11" height="14"/></a></li> <li><a href="#" onclick="return chgFontSz('2')" title="Change font size: Medium" accesskey="m"><img name="tools2" src="/web/20091207222956im_/http://www.reed-elsevier.com/_layouts/images/ThirtyFive/AR2K8/icon-tool-a-med.gif" alt="Medium text size" width="15" height="14"/></a></li> <li><a href="#" onclick="return chgFontSz('3')" title="Change font size: Large" accesskey="l"><img name="tools3" src="/web/20091207222956im_/http://www.reed-elsevier.com/_layouts/images/ThirtyFive/AR2K8/icon-tool-a-big.gif" alt="Large text size" width="15" height="14"/></a></li> </ul> </div> </div> <ul id="main-nav"> <li class="first"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/" accesskey="1">Report home</a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/Overview/" accesskey="o">Overview</a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/Review/" accesskey="r">Operating and financial review</a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/Business/" accesskey="b">Our business</a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/Governance/" accesskey="g">Governance</a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/Financial/" accesskey="f">Financial statements</a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/Info/" accesskey="i">Other information</a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/Reports/ReportBuilder.aspx" accesskey="s">Create your own report</a></li> </ul> <div id="flash-home"><img src="/web/20091207222956im_/http://www.reed-elsevier.com/annualreport08/PublishingImages/flash-home.jpg" alt=""/></div> <script type="text/javascript"> // <![CDATA[ swfobject.embedSWF("../flash/Preloader.swf", "flash-home", "940", "148", "9"); // ]]> </script>      <div> <div id="ctl00_PlaceHolderMain_Content__ControlWrapper_RichHtmlField" style="display:inline"><div class="clear"></div> <div id="content-home"> <ul class="tools-home" id="doc-tools"> <li id="print"><a id="printpage" href="#">Print page</a></li> <li id="report"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/reports/ReportBuilder.aspx">Go to My Report</a><span id="pagecounter" style="display:none"></span></li></ul> <h1 class="home"><span class="small">Welcome to the Reed Elsevier</span> <span class="big">Annual Reports and Financial Statements 2008</span></h1> <div class="main-content-home"> <div class="promo-main"> <div class="promo-bg-std"> <h2>Financial highlights</h2> <p><img class="alphaPNG-1" height="151" alt="+15% EPS GROWTH* (*Adjusted EPS growth at constant currencies)" src="/web/20091207222956im_/http://www.reed-elsevier.com/annualreport08/PublishingImages/pic-home-fin-hi.png" width="220"></p> <p>Summary of financial performance in 2008<br> </p> <div class="button btn-dkgrey"> <div class="btn-right"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/overview/Pages/fin-hilights.aspx">More</a></div></div></div></div> <div class="promo-main"> <div class="promo-bg-std"> <h2>Chairman’s<br>statement</h2> <p><img height="151" alt="Image of Chairman Jan Hommen" src="/web/20091207222956im_/http://www.reed-elsevier.com/annualreport08/PublishingImages/pic-home-chairman.gif" width="220"></p> <p>2008 has been a successful year for Reed Elsevier with significant strategic and financial progress</p> <div class="button btn-dkgrey"> <div class="btn-right"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/overview/Pages/chairman.aspx">More</a></div></div></div></div> <div class="promo-main"> <div class="promo-bg-std"> <h2>Chief Executive<br>Officer’s report</h2> <p><img height="151" alt="Image of Chief Executive Sir Crispin Davis" src="/web/20091207222956im_/http://www.reed-elsevier.com/annualreport08/PublishingImages/pic-home-chief-exec.gif" width="220"></p> <p>2008 saw a focus on driving online workflow solutions, reshaping the portfolio and improving cost efficiency</p> <div class="button btn-dkgrey"> <div class="btn-right"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/overview/Pages/ceo.aspx">More</a></div></div></div></div> <div class="promo-main end"> <div class="promo-bg-std"> <h2>Chief Financial<br>Officer’s report</h2> <p><img height="151" alt="Image of Chief Financial Officer Mark Armour" src="/web/20091207222956im_/http://www.reed-elsevier.com/annualreport08/PublishingImages/pic-home-cfo.gif" width="220"></p> <p>Revenue was up 7% and adjusted operating profit was up 12% at constant currencies</p> <div class="button btn-dkgrey"> <div class="btn-right"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/Review/Pages/cfo-report.aspx">More</a></div></div></div></div> <div class="promo-main"> <div class="promo-bg-std"> <h2>Operating and financial <br>review</h2> <ol class="side-figs"> <li class="header">Revenue by division</li> <li> <div class="num">1</div> <div class="text">Elsevier 32%</div></li> <li> <div class="num">2</div> <div class="text">LexisNexis 36%</div></li> <li> <div class="num">3</div> <div class="text">Reed Exhibitions 13%</div></li> <li> <div class="num">4</div> <div class="text">Reed Business Information 19%</div></li></ol> <p><img height="151" alt="Chart of Revenue by division" src="/web/20091207222956im_/http://www.reed-elsevier.com/annualreport08/PublishingImages/pic-promo-chart-rev-div.gif" width="220"></p> <p>Operating and financial performance review for the combined businesses and divisions in 2008</p> <div class="button btn-dkgrey"> <div class="btn-right"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/Review/Pages/Home.aspx">More</a></div></div></div></div> <div class="promo-main"> <div class="promo-bg-std"> <h2>Directors’<br>remuneration<br>report</h2> <p><img height="151" alt="Image of director Mark Elliott" src="/web/20091207222956im_/http://www.reed-elsevier.com/annualreport08/PublishingImages/pic-home-dir-renum.gif" width="220"></p> <p>Details of the Directors’ remuneration arrangements<br> </p> <div class="button btn-dkgrey"> <div class="btn-right"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/governance/Pages/dir-remun-rep.aspx">More</a></div></div></div></div> <div class="promo-main"> <div class="promo-bg-std"> <h2>Interactive charting tool</h2> <p><img class="alphaPNG-1" height="151" alt="Easy chart illustration" src="/web/20091207222956im_/http://www.reed-elsevier.com/annualreport08/PublishingImages/pic-home-charting.png" width="220"></p> <p>Create charts of historic financial performance<br> </p> <div class="button btn-dkgrey"> <div class="btn-right"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/financial/Pages/chart-tool.aspx">More</a></div></div></div></div> <div class="promo-main end"> <div class="promo-bg-std"> <h2>Your report,<br>your way</h2> <p><img class="alphaPNG-1" height="151" alt="PDF builder illustration" src="/web/20091207222956im_/http://www.reed-elsevier.com/annualreport08/PublishingImages/pic-home-pdf-reports.png" width="220"></p> <p>Download the full Annual Reports & Financial Statements 2008 or create a bespoke report your way</p> <div class="button btn-dkgrey"> <div class="btn-right"><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/reports/ReportBuilder.aspx">More</a></div></div></div></div></div></div></div> </div> <div class="clear"></div> <div id="footer"> <div class="footer-txt">The financial information included on the Reed Elsevier website is provided for convenience and should only be read in conjunction with the Reed Elsevier Annual Reports and Financial Statements 2008.</div> <ul> <li class="first">© 2009 Reed Elsevier</li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/site/Pages/terms.aspx" accesskey="8">Terms and Conditions</a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/site/Pages/privacy.aspx" accesskey="6">Privacy</a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/site/Pages/accessibility.aspx" accesskey="0">Accessibility</a></li> <li><a href="/web/20091207222956/http://www.reed-elsevier.com/annualreport08/site/Pages/sitemap.aspx" accesskey="3">Site Map</a></li> </ul> <div class="clear"></div> </div> </div>  <input type="hidden" name="__EVENTVALIDATION" id="__EVENTVALIDATION" value="/wEWAgLUh6uWCQLgqcJGaUzA5tlTvfA8MTpI39npLyBgCug="/> <script type="text/javascript"> //<![CDATA[ var __wpmExportWarning='This Web Part Page has been personalized. As a result, one or more Web Part properties may contain confidential information. Make sure the properties contain information that is safe for others to read. After exporting this Web Part, view properties in the Web Part description file (.WebPart) by using a text editor such as Microsoft Notepad.';var __wpmCloseProviderWarning='You are about to close this Web Part. It is currently providing data to other Web Parts, and these connections will be deleted if this Web Part is closed. To close this Web Part, click OK. To keep this Web Part, click Cancel.';var __wpmDeleteWarning='You are about to permanently delete this Web Part. Are you sure you want to do this? To delete this Web Part, click OK. To keep this Web Part, click Cancel.';//]]> </script> <script type="text/javascript" language="JavaScript" defer>  </script><script type="text/javascript" language="JavaScript"> // append an onload event handler var SD06736D6__onload= document.body.onload; if(typeof document.body.onload == 'function') { document.body.onload = function() { SD06736D6__onload(); document.getElementById('ctl00_PlaceHolderSearchArea_SearchBox_SD06736D6_InputKeywords').name = 'InputKeywords'; } } else { document.body.onload = function() { eval(SD06736D6__onload); document.getElementById('ctl00_PlaceHolderSearchArea_SearchBox_SD06736D6_InputKeywords').name = 'InputKeywords'; } } function SD06736D6_OSBEK(event1) { if((event1.which == 10) || (event1.which == 13)) { SD06736D6_Submit(); } } // --> </script></form>  <script type="text/javascript"> var gaJsHost = (("https:" == document.location.protocol) ? "https://web.archive.org/web/20091207222956/https://ssl." : "https://web.archive.org/web/20091207222956/http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E")); </script> <script type="text/javascript"> try { var pageTracker = _gat._getTracker("UA-6684063-2"); pageTracker._trackPageview(); } catch (err) { }</script>  </body> </html>

CINXE.COM

Welcome to the Reed Elsevier - Annual Report 2008