Group financial record 2005-2009
|
Year ended |
Year ended |
Period ended |
Period ended |
Year ended |
|---|---|---|---|---|---|
Revenue |
2,664.6 |
2,321.2 |
2,160.9 |
2,180.3 |
3,005.4 |
Headline operating profit |
417.5 |
380.6 |
347.6 |
344.8 |
415.7 |
Amortisation of acquired intangible assets |
(34.6) |
(19.2) |
(14.8) |
(13.0) |
(5.7) |
Exceptional items (including profit on sale/impairment of financial asset) |
45.6 |
(35.4) |
(74.2) |
(337.8) |
(28.0) |
Financing losses |
|
(0.3) |
(1.5) |
(1.8) |
|
Operating profit/(loss) |
428.5 |
325.7 |
257.1 |
(7.8) |
382.0 |
Net finance costs |
(58.1) |
(5.4) |
(0.6) |
(28.4) |
(16.1) |
Share of post-tax losses of associated companies |
0.4 |
(1.0) |
(0.5) |
(1.1) |
|
Profit/(loss) before taxation |
370.8 |
319.3 |
256.0 |
(37.3) |
365.9 |
Taxation |
(94.9) |
(75.0) |
(53.1) |
(65.4) |
(94.1) |
Profit/(loss) after taxation – continuing operations |
275.9 |
244.3 |
202.9 |
(102.7) |
271.8 |
Profit after taxation – discontinued operations |
(5.9) |
24.5 |
1,525.2 |
126.9 |
|
Shareholders’ equity |
859.0 |
915.9 |
903.3 |
1,362.9 |
1,483.8 |
Represented by |
|
|
|
|
|
– intangible assets |
1,500.3 |
1,253.2 |
1,021.3 |
1,530.6 |
1,481.7 |
– property, plant & equipment and investments |
337.0 |
309.0 |
273.6 |
512.6 |
831.3 |
– net current assets/provisions/retirement benefit liabilities |
(93.4) |
124.3 |
198.3 |
246.4 |
101.6 |
Net borrowings |
(884.9) |
(770.6) |
(589.9) |
(926.7) |
(930.8) |
Funds employed |
859.0 |
915.9 |
903.3 |
1,362.9 |
1,483.8 |
Ratios |
|
|
|
|
|
Operating profit before amortisation of acquired intangible assets: turnover (%) |
15.7 |
16.4 |
16.1 |
14.8 |
13.8 |
Effective tax rate before amortisation of acquired intangible assets and exceptional items (%) |
24.0 |
24.0 |
25.1 |
25.6 |
26.4 |
Return on shareholders’ funds (%) |
16.5 |
16.7 |
14.9 |
13.6 |
11.2 |
Cash-flow |
|
|
|
|
|
Cash-flow from normal operating activities |
422.5 |
280.5 |
265.9 |
437.6 |
277.6 |
Less capital expenditure (net) |
12.5 |
(8.0) |
(6.7) |
(18.0) |
(18.9) |
Operating cash after capital expenditure |
435.0 |
272.5 |
259.2 |
419.6 |
258.7 |
Free cash-flow (before acquisitions and dividends, after capital expenditure) |
256.1 |
90.6 |
100.7 |
170.4 |
147.0 |
Free cash-flow per share (p) |
65.9 |
23.4 |
18.3 |
30.1 |
26.1 |
Earnings per share before amortisation of acquired intangible assets and exceptional items (p) |
72.4 |
74.5 |
47.0 |
41.5 |
52.8 |
|
|
|
|
|
|
Dividends |
|
|
|
|
|
Pence per share |
34.0 |
34.0 |
34.0 |
31.3 |
29.0 |
Times covered before amortisation of acquired intangible assets and exceptional items |
2.4 |
2.2 |
1.7 |
2.1 |
1.8 |
|
|
|
|
|
|
Number of employees (000s) |
|
|
|
|
|
United Kingdom |
2.0 |
2.2 |
2.8 |
7.3 |
7.2 |
Overseas |
19.8 |
20.6 |
18.6 |
24.5 |
23.4 |
|
21.8 |
22.8 |
21.4 |
31.8 |
30.6 |
The return on shareholders’ funds for the period ended 31 July 2007 has been calculated using the closing net assets adjusted for movements in goodwill set-off against reserves relating to continuing operations, in order to adjust for the Aerospace disposal.
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 the year ended 31 July 2005 have not been restated for discontinued operations.