Five Year Financial Summary
For the year ended 31 December
| |
2008
£m |
2007
£m |
2006
£m |
2005
£m |
2004
£m |
| Revenue |
337.7 |
273.8 |
222.3 |
194.9 |
185.4 |
| Operating profit before significant items |
38.4 |
32.6 |
25.2 |
20.0 |
17.8 |
| Net interest on bank borrowings |
(3.1) |
(2.6) |
(1.4) |
(1.3) |
(1.6) |
| Other financial income/(expense) |
0.1 |
0.3 |
0.3 |
0.3 |
0.3 |
| Profit before tax and significant items |
35.4 |
30.3 |
24.1 |
18.4 |
16.5 |
| |
| Cash generated from operations |
44.3 |
33.8 |
28.7 |
29.8 |
22.5 |
| Net interest paid |
(3.6) |
(3.0) |
(1.5) |
(1.3) |
(1.6) |
| Tax paid |
(6.7) |
(9.5) |
(5.5) |
(1.6) |
(1.4) |
| Operating cashflow |
34.0 |
21.3 |
21.7 |
26.9 |
19.5 |
| Net capital expenditure on property, plant & |
|
|
|
|
|
| equipment and software and development costs |
|
|
|
|
|
| capitalised as intangible assets |
(15.0) |
(16.6) |
(11.2) |
(9.6) |
(8.4) |
| Free cash flow(1) |
19.0 |
4.7 |
10.5 |
17.3 |
11.1 |
| |
| Capital employed |
|
|
|
|
|
| Intangible fixed assets |
71.6 |
55.5 |
34.1 |
19.9 |
12.8 |
| Tangible fixed assets |
63.6 |
45.6 |
35.1 |
33.6 |
30.7 |
| Investment in equity-accounted investee |
- |
1.3 |
0.7 |
- |
- |
| Other net assets |
34.9 |
21.8 |
21.8 |
17.8 |
27.2 |
| |
170.1 |
124.2 |
91.7 |
71.3 |
70.7 |
| Financed by |
|
|
|
|
|
| Shareholders’ funds - equity |
133.4 |
97.3 |
76.8 |
70.6 |
64.2 |
| Net debt |
53.0 |
38.4 |
18.9 |
5.4 |
11.3 |
| Deferred tax |
(16.3) |
(11.5) |
(4.0) |
(4.7) |
(4.8) |
| |
170.1 |
124.2 |
91.7 |
71.3 |
70.7 |
| Statistics |
|
|
|
|
|
| Operating profit (%) before significant items |
11.4 |
11.9 |
11.3 |
10.2 |
9.6 |
| Effective tax rate (%) before significant items |
33.9 |
37.0 |
40.0 |
42.0 |
45.0 |
| Adjusted basic earnings per share (p)(2) |
55.9 |
46.0 |
35.3 |
26.0 |
22.2 |
| Basic earnings per share (p) |
48.0 |
44.1 |
32.6 |
23.9 |
18.8 |
| Dividends per share (p) |
18.3 |
17.8 |
16.5 |
15.5 |
15.0 |
| Year-end mid-market share price (p) |
235.5 |
585.0 |
528.5 |
375.0 |
286.0 |
(1)Free cash flow is the cash generated from operations less interest, tax and capital expenditure on property, plant & equipment and capitalised software
costs.
(2) Differences between Adjusted basic and Basic earnings per share arise from significant items in the years in question.
Information correct at 04/04/2008