For the year ended 31 December 2010
| |
2010
£m |
2009
£m |
2008
£m |
2007
£m |
2006
£m |
| Revenue |
309.6 |
315.1 |
337.7 |
273.8 |
222.3 |
| Operating profit before significant items |
27.7 |
24.5 |
38.4 |
32.6 |
25.2 |
| Net interest on bank borrowings |
(1.2) |
(1.6) |
(3.1) |
(2.6) |
(1.4) |
| Other financial income/(expense) |
0.2 |
(0.2) |
0.1 |
0.3 |
0.3 |
| Profit before tax and significant items |
26.7 |
22.7 |
35.4 |
30.3 |
24.1 |
| |
Cash generated from operating activities
|
34.6 |
42.8 |
44.3 |
33.8 |
28.7 |
| Net interest paid |
(1.2) |
(2.1) |
(3.6) |
(3.0) |
(1.5) |
| Tax paid |
(0.9) |
(4.3) |
(6.7) |
(9.5) |
(5.5) |
| Operating cashflow |
32.5 |
36.4 |
34.0 |
21.3 |
21.7 |
| Net capital expenditure on property, plant & equipment and intangible assets excluding goodwill |
(14.5) |
(13.7) |
(15.0) |
(16.6) |
(11.2) |
| Free cash flow(1) |
18.0 |
22.7 |
19.0 |
4.7 |
10.5 |
| |
| Capital employed |
|
|
|
|
|
| Intangible fixed assets |
51.8 |
58.2 |
71.6 |
55.5 |
34.1 |
| Tangible fixed assets |
53.4 |
54.6 |
63.6 |
45.6 |
35.1 |
| Investment in equity-accounted investment |
- |
- |
- |
1.3 |
0.7 |
| Other net assets |
27.0 |
21.9 |
34.9 |
21.8 |
21.8 |
| |
132.2 |
134.7 |
170.1 |
124.2 |
91.7 |
| Financed by |
|
|
|
|
|
| Shareholders’ funds - equity |
124.3 |
111.2 |
133.4 |
97.3 |
76.8 |
| Net debt |
28.1 |
40.6 |
53.0 |
38.4 |
18.9 |
| Deferred tax |
(20.2) |
(17.1) |
(16.3) |
(11.5) |
(4.0) |
| |
132.2 |
134.7 |
170.1 |
124.2 |
91.7 |
| Statistics |
|
|
|
|
|
| Operating profit (%) before significant items |
8.9 |
7.8 |
11.4 |
11.9 |
11.3 |
| Effective tax rate (%) before significant items |
33.0 |
31.7 |
33.9 |
37.0 |
40.0 |
| Adjusted basic earnings per share (p)(2) |
41.9 |
36.5 |
55.9 |
46.0 |
35.3 |
| Basic earnings per share (p) |
42.8 |
7.5 |
48.0 |
44.1 |
32.6 |
| Dividends per share (p) |
19.0 |
18.3 |
18.3 |
17.8 |
16.5 |
| Year-end mid-market share price (p) |
585.0 |
389.0 |
235.5 |
585.0 |
528.5 |
(1) Free cash flow is the cash generated from operations less interest, tax and capital expenditure on property, plant and equipment and intangible assets excluding goodwill.
(2) Differences between Adjusted basic and Basic earnings per share arise from significant items in the years in question.