The bonuses for 2004 have been paid in the basis of the level of satisfaction of the performance targets. The table below shows the principal performance targets used for 2004.

Discussion points 1 Why are there some targets that are similar and some that are different for each post-holder?
2 The detailed results of these ratios do not appear in the annual report. What are the possible reasons for confidentiality?

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Chief Executive Officer EBITDA Internal Financial Measures Pubmaster Integration EPS Growth Investor Relations Finance Director EBITDA Internal Financial Measures Pubmaster Integration Debt Management Investor Relations Chief Operating Officer EBITDA Internal Financial Measures Pubmaster Integration Operational Targets Divisional Targets