02 ubm – today
04 financial highlights – 2004
06 media marketing solutions
08 chairman’s review
10 chief executive’s review
12 operating review
14 financial review
16 board of directors
18 major ubm products
20 magazines
22 events
24 directories
26 online
28 news distribution
30 media intelligencenew pr newswire products
32 market research
35 accounts contents
36 directors’ remuneration report
44 corporate governance statement
47 independent auditors’ repor t to the members of
united business media plc
48 report of the directors
50 group profit and loss account
51 balance sheets
52 group cash flow statement
53 statement of group total recognised gains and losses
53 reconciliation of movements in group shareholders’
funds
54 group accounting policies
57 notes to the financial statements
85 principal group subsidiaries
86 five year financial summary
86 financial calendar
87 reconciliation of differences between uk gaap and
international financial reporting standards ifrs
ibc shareholder information
2004 – an  excellent performance
intelligent media       integrated multiplatform marketing solutions
p20 p22 p24
                                                                                        01
n  excellent performance
united business media plc httpwwwunitedbusinessmediacom is a leading
provider of business information services to the technology healthcare
media automotive financial services and property industries
2004 saw ubm become a more balanced and predictable business
      integrated multiplatform marketing solutions
p26 p28 p30 p32
operating profit increased by 331 per cent
        02
ubm – today
what
living our va lues really means…
ubm offers market leading b2b information services to customers across the globe
revenue growth by geography
proforma
grew 3
grew 8
online
2004£33m
europe
200441
grew 5 asia
pacific
20047
us
200452
print 
2004£320m
events
2004£130m
grew 9
news
distribution
2004£83m
prn new
products
2004£11m
2
grew 3
grew 37
grew 24
market
research
2004£223m
grew 5
revenue growth by media channel
underlying
                              03
va lues really means…
we explore as individuals teams businesses 
and as a group because we
 pursue creativity innovation and new opportunities
 seek continuous improvement
 take intelligent risks
 learn from our successes and failures
 listen to constructive feedback – and that’s so important 
we exceed because as individuals teams businesses
and as a group we
 anticipate meet and exceed expectations
 understand our customers’ businesses and create long lasting relationships
 value our employees’ diverse talents and support them to exceed their
own expectations
 treat each other fairly and justly
 recognise that sometimes we have to make difficult decisions but we
commit to communicating as much as we can as soon as we can
you excel because
 success for our customers and our business partners
is success for us
 enabling our employees to excel is central to our
success
 delivering shareholder value is crucial to us
 being a good neighbour and a good business
citizen is a key priority
 we celebrate success – so work hard work smart
and have fun


Summary:
 04
financial highlights – 2004
turnover
£8096m
operating profit 
£1323m
earnings per share 
326p
dividend
120p
results
 before amortisation of goodwill and intangibles and exceptional items
2004
£8096m
2003
£7467m
2004
£1323m
2003
£994m
2004
326p
2003
239p
2004
120p
2003
90p
                           turnover
84
operating profit
331
earnings per share
364
dividend
333
business highlights  2004
05
december – david levin announced as ubm’s new ceo cmp media announces it is to publish chinese
version of “information week” prnewswire announced that over 90 per cent of the
chinese companies listed on nasdaq were using xinhua pr newswire
november – cmpmedica moved further online in french healthcare – jv acquisition of axilog cmpi
relaunched safety and health practitioner  the uk’s leading health and safety publication
nop world won three year global mystery shopping programme for chevron texaco cmp
healthcare media’s the journal of respiratory diseases celebrated its 25th birthday
october – ubm showcased its healthcare businesses to investors pr newswire launches new
online media room tool pr newswire upgraded its premier national newsline service
us1 cmp information’s countryview launched free colour supplement magazine to
accompany farmer’s guardian cmp asia september jewellery fair reached new heights
of success  the largest in the fair’s 22year history eurisko  nop world invited to take
part in rajar radio joint audience research limited trial of passive portable radio
and tv metering system
september – cmp media’s digital connect magazine launched 4city digital convergence road show
the full day of events included intel lg electronics russound hai microsoft and
linksys presentations cmp media and micrsoft corporation launched msdn magazine
to software developers in the asiapacific region cmp asia’s all china leather exhibition
acle and china international footwear fair ciff concluded with resounding success
at the shanghai new international expo centre recording an increase of 20  over 2003
august – pr newswire upgraded its online media database  covering more than 475000
journalists worldwide 04 xchange exceeds expectations the cmp media channel
conference based in chicago included keynotes and world premiers from amd intel
ingram microsoft  ibm cmp healthcare media to launch comprehensive neurology
publication uap’s daltons group websites attracted the highest level of traffic of all the
uap sites in august the dalton’s group achieved 53m page impressions nop world wins
global market research retail customer study for shell
july – pr newswire was the official newswire of both the republican and democratic national
conventions in 2004 ubm completed the acquisition of leading professional healthcare
media business in europe  asia subsequently named cmpmedica guangzhou welcomed
aquaria china 2004 china’s first ever allaquatic show
june – cmp information ltd announced the launch of london interiors uap launched
daltonspropertycom cmp media launched techweb network pipelines – a series of
topically focused websites providing business technology professionals with critical
news and information
may – cmpi safety and health practitioner announced the launch of its new website –
shponlinecouk best edition ever of asia pacific leather fair materials manufacturing
and technology aplf reinforced its position as the most significant annual event for the
leather industry with a record number of attendees
april – the 2nd china international gold jewellery  gem fair at shenzhen china hi tech fair
exhibition centre increased visitors by 8 percent uap’s the pa arrived – launch of new
female targeted magazine with a unique mix of lifestyle and business content cmp
media launched electronics supply  manufacturing
march – cmp asia announced that it had set up a new company cmp media korea co ltd in korea
to provide the full range of media products for the dynamic korean market pr newswire
celebrated 50 years as industry pioneer and leader 
february – cmpi relaunched guitar player  now backed by extensive research by focus groups
surveys amongst readers and subscribers and married to a stylish redesign by
awardwinning pentagram design inc
january – cmp media’s techweb network launches it utility pipeline benvenuto a eurisko – eurisko
started its first year with ubm –acquisition of the leading market research company in italy