Group financial record under IFRS 2005-2007
|
|
Period ended |
Period ended |
Year ended |
|
Revenue |
2,160.9 |
2,180.3 |
3,005.4 |
|
Headline operating profit |
347.6 |
344.8 |
415.7 |
|
Amortisation of acquired intangible assets |
(14.8) |
(13.0) |
(5.7) |
|
Exceptional items (including profit on sale/impairment of financial asset) |
(74.2) |
(337.8) |
(28.0) |
|
Financing losses |
(1.5) |
(1.8) |
|
|
Operating profit/(loss) |
257.1 |
(7.8) |
382.0 |
|
Net finance costs |
(0.6) |
(28.4) |
(16.1) |
|
Share of post-tax losses of associated companies |
(0.5) |
(1.1) |
|
|
Profit/(loss) before taxation |
256.0 |
(37.3) |
365.9 |
|
Taxation |
(53.1) |
(65.4) |
(94.1) |
|
Profit/(loss) after taxation – continuing operations |
202.9 |
(102.7) |
271.8 |
|
Profit after taxation – discontinued operations |
1,525.2 |
126.9 |
|
|
Shareholders’ equity |
903.3 |
1,362.9 |
1,483.8 |
|
Represented by |
|
|
|
|
– intangible assets |
1,021.3 |
1,530.6 |
1,481.7 |
|
– property, plant & equipment and investments |
273.6 |
512.6 |
831.3 |
|
– net current assets/provisions/retirement benefit liabilities |
198.3 |
246.4 |
101.6 |
|
Net borrowings |
(589.9) |
(926.7) |
(930.8) |
|
Funds employed |
903.3 |
1,362.9 |
1,483.8 |
|
Ratios |
|
|
|
|
Operating profit before amortisation of acquired intangible assets: turnover (%) |
16.1 |
14.8 |
13.8 |
|
Effective tax rate before amortisation of acquired intangible assets and exceptional items (%) |
25.1 |
25.6 |
26.4 |
|
Return on shareholders’ funds (%) |
14.9 |
13.6 |
11.2 |
|
Cash-flow |
|
|
|
|
Cash-flow from normal operating activities |
265.9 |
437.6 |
277.6 |
|
Less capital expenditure (net) |
(6.7) |
(18.0) |
(18.9) |
|
Operating cash after capital expenditure |
259.2 |
419.6 |
258.7 |
|
Free cash-flow (before acquisitions and dividends, after capital expenditure) |
100.7 |
170.4 |
147.0 |
|
Free cash-flow per share (p) |
18.3 |
30.1 |
26.1 |
|
Earnings per share before amortisation of acquired intangible assets and exceptional items (p) |
47.0 |
64.8 |
52.8 |
|
|
|
|
|
|
Dividends |
|
|
|
|
Pence per share |
34.0 |
31.3 |
29.0 |
|
Times covered before amortisation of acquired intangible assets and exceptional items |
1.7 |
2.1 |
1.8 |
|
|
|
|
|
|
Number of employees (000s) |
|
|
|
|
United Kingdom |
2.8 |
7.3 |
7.2 |
|
Overseas |
18.6 |
24.5 |
23.4 |
|
|
21.4 |
31.8 |
30.6 |
The return on shareholders’ funds for the period ended 31July 2007 has been calculated as described elsewhere in this report.
The income statement for the period ended 5 August 2006 has been restated for discontinued operations, however information on shareholders’ equity, ratios, cash-flow, dividends and employee numbers is presented for the entire Group.
Results for periods earlier than the period ended 5 August 2006 have not been restated for discontinued operations.
Group financial record under UK GAAP 2003-2005
|
|
|
Year ended 31 July |
||
|
|
|
2005 |
2004 |
2003 |
|
Turnover |
|
|
|
|
|
– continuing operations |
|
3,016.8 |
2,678.4 |
2,629.2 |
|
– discontinued operations |
|
|
55.0 |
426.9 |
|
|
|
3,016.8 |
2,733.4 |
3,056.1 |
|
Operating profit |
|
|
|
|
|
– continuing operations |
|
420.4 |
360.1 |
371.9 |
|
– discontinued operations |
|
|
2.2 |
51.9 |
|
|
|
420.4 |
362.3 |
423.8 |
|
Goodwill amortisation and impairment |
|
(61.0) |
(39.0) |
(44.1) |
|
Operating profit (after goodwill amortisation and impairment) |
|
359.4 |
323.3 |
379.7 |
|
Net interest |
|
(7.8) |
(12.2) |
(39.8) |
|
Profit before exceptional items |
|
351.6 |
311.1 |
339.9 |
|
Exceptional items |
|
(41.8) |
(11.0) |
(122.5) |
|
Profit before taxation |
|
309.8 |
300.1 |
217.4 |
|
Profit after taxation |
|
220.8 |
212.9 |
112.3 |
|
Minority interests |
|
|
|
(0.8) |
|
Shareholders’ equity |
|
1,204.8 |
1,122.5 |
857.2 |
|
Represented by |
|
|
|
|
|
– intangible fixed assets |
|
1,225.6 |
728.2 |
830.2 |
|
– tangible fixed assets and investments |
|
854.3 |
750.8 |
885.4 |
|
– net current assets/provisions/retirement benefit liabilities |
|
55.7 |
(83.8) |
(143.3) |
|
Net debt |
|
(930.8) |
(272.7) |
(715.1) |
|
Funds employed |
|
1,204.8 |
1,122.5 |
857.2 |
|
Goodwill charged directly to reserves |
|
1,260.3 |
1,262.6 |
1,392.6 |
|
Shareholder investment |
|
2,465.1 |
2,385.1 |
2,249.8 |
|
Ratios |
|
|
|
|
|
Operating profit before goodwill amortisation and impairment: turnover (%) |
|
13.9 |
13.3 |
13.9 |
|
Effective tax rate before goodwill amortisation and exceptional items (%) |
|
26.0 |
26.5 |
27.0 |
|
Return on shareholders’ funds (%) |
|
12.6 |
11.1 |
11.9 |
|
Cash-flow |
|
|
|
|
|
Cash-flow from normal operating activities |
|
384.9 |
382.9 |
466.5 |
|
Less capital expenditure (net) |
|
(104.9) |
(53.9) |
(86.3) |
|
Operating cash after capital expenditure |
|
280.0 |
329.0 |
380.2 |
|
Free cash-flow (before acquisitions and dividends, after capital expenditure) |
|
147.0 |
255.0 |
270.5 |
|
Free cash-flow per share (p) |
|
26.1 |
45.5 |
48.4 |
|
Earnings per share before amortisation and impairment of goodwill and exceptional items (p) |
|
54.3 |
45.9 |
50.1 |
|
|
|
|
|
|
|
Dividends |
|
|
|
|
|
Pence per share |
|
29.0 |
27.0 |
26.0 |
|
Times covered before amortisation and impairment of goodwill and exceptional items |
|
1.9 |
1.7 |
1.9 |
|
|
|
|
|
|
|
Number of employees (000s) |
|
|
|
|
|
United Kingdom |
|
7.2 |
6.9 |
8.5 |
|
Overseas |
|
23.4 |
20.3 |
23.8 |
|
|
|
30.6 |
27.2 |
32.3 |