Five Year Financial Summary
|
| |
IFRS |
UK GAAP |
| |
2005
£m |
2004
£m |
2003
(restated)(3)
£m |
2002
(restated)(3)
£m |
2001
£m |
| Revenue |
194.9 |
185.4 |
192.8 |
182.2 |
190.4 |
| Operating profit before significant items |
20.0 |
17.8 |
17.8 |
24.7 |
30.6 |
| Net interest on bank borrowings |
(1.3) |
(1.6) |
(1.7) |
(1.6) |
(2.6) |
| Other financial expense |
(0.3) |
0.3 |
0.0 |
0.0 |
0.0 |
| Profit before tax and significant items |
18.4 |
16.5 |
16.1 |
23.1 |
28.0 |
| Cash generated from operations |
29.8 |
22.5 |
28.7 |
35.4 |
42.1 |
| Net interest paid |
(1.8) |
(1.7) |
|
|
|
| Tax paid |
(1.6) |
(1.4) |
|
|
|
| Operating cashflow |
26.4 |
19.4 |
|
|
|
| Net capital expenditure on property, plant and |
|
|
|
|
|
| equipment and software and development costs capitalised as |
|
|
|
|
|
| intangible assets |
(9.6) |
(8.4) |
|
|
|
| Free cash flow(1) |
16.8 |
11.1 |
2.9 |
21.1 |
18.0 |
| Capital employed |
|
|
|
|
|
| Intangible fixed assets |
19.9 |
12.8 |
10.1 |
11.0 |
10.8 |
| Tangible fixed assets |
33.6 |
30.7 |
34.5 |
42.7 |
48.5 |
| Other net assets |
17.8 |
27.2 |
29.3 |
24.4 |
34.5 |
| |
71.3 |
70.7 |
73.9 |
78.1 |
93.8 |
| Financed by |
|
|
|
|
|
| Shareholders’ funds - equity |
70.6 |
64.2 |
59.8 |
62.4 |
67.1 |
| Net debt |
5.4 |
11.3 |
10.4 |
11.9 |
22.5 |
| Deferred tax |
(4.7) |
(4.8) |
3.7 |
3.8 |
4.2 |
| |
71.3 |
70.7 |
73.9 |
78.1 |
93.8 |
| Statistics |
|
|
|
|
|
| Operating profit (%) before significant items |
10.2 |
9.6 |
9.3 |
13.6 |
16.1 |
| Effective tax rate (%) before significant items |
42.0 |
45.0 |
45.0 |
39.4 |
37.1 |
| Adjusted basic earnings per share (p)(2) |
26.0 |
22.2 |
23.9 |
34.1 |
42.9 |
| Basic earnings per share (p) |
23.9 |
18.8 |
13.6 |
18.3 |
32.9 |
| Dividends per share (p) |
15.5 |
15.0 |
22.7 |
22.7 |
22.7 |
| Year-end mid-market share price (p) |
375.0 |
286.0 |
346.0 |
277.5 |
425.0 |
(1) Free cash flow is the cash inflow from operating activities less interest, tax and capital expenditure on property, plant & equipment, and capitalised IT costs.
(2) Differences between Adjusted basic and Basic earnings per share arise from significant items in the years in question.
(3) Shareholders' funds have been restated to show the investment held in respect of grants under share option schemes as a deduction. No such investments were held in 2001.
Information correct at 05/05/2006