Group financial record 2007-2011

 

 

Year ended
31 July 2011
£m

Year ended
31 July 2010
£m

Year ended
31 July 2009
£m

Year ended
31 July 2008
£m

Period ended
31 July 2007
£m

Revenue

2,842.0

2,769.6

2,664.6

2,321.2

2,160.9

Headline operating profit

516.9

492.4

417.5

380.6

347.6

Amortisation of acquired intangible assets

(49.5)

(42.1)

(34.6)

(19.2)

(14.8)

Exceptional items (including profit on sale/impairment of financial asset)

(29.4)

(14.4)

45.6

(35.4)

(74.2)

Financing losses

 

 

 

(0.3)

(1.5)

Operating profit

438.0

435.9

428.5

325.7

257.1

Net finance costs

(44.4)

(64.6)

(58.1)

(5.4)

(0.6)

Share of post-tax profits/(losses) of associated companies

4.3

1.8

0.4

(1.0)

(0.5)

Profit before taxation

397.9

373.1

370.8

319.3

256.0

Taxation

(91.8)

(78.9)

(94.9)

(75.0)

(53.1)

Profit after taxation – continuing operations

306.1

294.2

275.9

244.3

202.9

Profit after taxation – discontinued operations

79.0

16.4

(5.9)

24.5

1,525.2

 

 

 

 

 

Shareholders’ equity

1,373.6

1,094.8

859.0

915.9

903.3

Represented by

 

 

 

 

 

– intangible assets

1,610.2

1,638.6

1,500.3

1,253.2

1,021.3

– property, plant & equipment and investments

332.9

343.3

337.0

309.0

273.6

– net current assets/provisions/retirement benefit liabilities

159.5

(50.3)

(93.4)

124.3

198.3

Net borrowings

(729.0)

(836.8)

(884.9)

(770.6)

(589.9)

Funds employed

1,373.6

1,094.8

859.0

915.9

903.3

 

 

 

 

 

 

Ratios

 

 

 

 

 

Headline operating profit: turnover (%)

18.2

17.8

15.7

16.4

16.1

Headline effective tax rate (%)

25.0

24.0

24.0

24.0

25.1

Return on capital employed (%)

17.0

16.6

14.7

16.4

 

Return on shareholders’ funds (%)

17.7

18.4

16.5

16.7

14.9

 

 

 

 

 

 

Cash-flow

 

 

 

 

 

Headline operating cash

488.7

564.8

435.0

272.5

259.2

Headline operating cash conversion (%)

95

115

104

 

 

Free cash-flow (before acquisitions and dividends, after capital expenditure)

236.1

331.3

256.1

90.6

100.7

Free cash-flow per share (p)

60.4

84.9

65.9

23.4

18.3

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

Headline earnings per share (p)

92.7

84.6

72.4

74.5

47.0

 

 

 

 

 

 

Dividends

 

 

 

 

 

Pence per share

36.3

34.0

34.0

34.0

34.0

Headline dividend cover

2.6

2.5

2.1

2.2

1.4

 

 

 

 

 

 

Number of employees (000s)

 

 

 

 

 

United Kingdom

2.0

2.0

2.0

2.2

2.8

Overseas

20.9

21.6

19.8

20.6

18.6

 

22.9

23.6

21.8

22.8

21.4

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.


Smiths Group divisions:
Smiths Detection, Smiths Medical, John Crane, Smiths Interconnect, Flex-Tek

 

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Incorporated in England No. 137013
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