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| |
Notes |
2007
£m |
2006
£m |
2005
£m |
2004
£m |
2003
£m |
 |
| Revenue |
(a) |
32.6 |
35.1 |
31.3 |
31.9 |
30.6 |
| Operating profit before exceptional items |
(a) |
5.2 |
5.4 |
5.2 |
4.3 |
4.7 |
| Exceptional items |
(a) |
(0.5) |
(1.3) |
(0.6) |
- |
- |
| Operating profit |
(a) |
4.7 |
4.1 |
4.6 |
4.3 |
4.7 |
| Interest receivable/(payable) |
(a) |
0.2 |
(0.1) |
(0.1) |
(0.1) |
(0.1) |
| Profit before taxation |
(a) |
4.9 |
4.0 |
4.5 |
4.2 |
4.6 |
| Tax |
(a) |
(1.5) |
(1.2) |
(1.5) |
(1.3) |
(1.4) |
| Profit after taxation |
(a) |
3.4 |
2.8 |
3.0 |
2.9 |
3.2 |
| Profit on disposal of subsidiary |
|
- |
2.4 |
- |
- |
- |
| Profit for the year |
|
3.4 |
5.2 |
3.0 |
2.9 |
3.2 |
|
| Fixed assets |
|
11.5 |
11.1 |
10.2 |
8.7 |
8.8 |
| Other operating assets |
|
5.8 |
3.9 |
4.1 |
5.4 |
4.4 |
| Net operating assets |
|
17.3 |
15.0 |
14.3 |
14.1 |
13.2 |
| Tax liability |
|
(1.3) |
(0.4) |
(0.5) |
(0.7) |
(0.7) |
| Dividends |
(b) |
- |
- |
- |
(0.9) |
(0.9) |
| Capital employed |
|
16.0 |
14.6 |
13.8 |
12.5 |
11.6 |
| Net cash/(borrowings) |
|
4.6 |
3.2 |
0.2 |
(0.1) |
(0.6) |
| Shareholders' equity |
|
20.6 |
17.8 |
14.0 |
12.4 |
11.0 |
|
| Gross margin |
|
49% |
50% |
50% |
50% |
50% |
| Operating margin before exceptional items |
|
16% |
15% |
15% |
13% |
15% |
| Return on equity |
(c) |
26% |
30% |
37% |
35% |
43% |
| Debt/equity |
|
- |
- |
- |
1% |
5% |
| Earnings per share |
|
47.6p |
72.7p |
41.8p |
41.6p |
43.2p |
| Earning per share - underlying basis |
(d) |
52.2p |
52.7p |
49.9p |
41.6p |
43.2p |
| Ordinary dividend |
(e) |
17.0p |
22.5p |
21.5p |
19.0p |
18.5p |
| Dividend cover - underlying basis |
|
3.1 |
2.3 |
2.3 |
2.2 |
2.3 |
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| Notes: |
|
(a) The figures for 2005-2007 are extracted from the financial statements reported under IFRS. To aid comparison with prior years, the income and expense figures for Douglas in 2005 and 2006 (sold in June 2006) have been added back to those for the continuing Group on a line–by-line basis.
(b) The profit & loss and balance sheet figures for 2003 and 2004 remain the same as disclosed in previous years’ annual reports, under UK GAAP as it applied at the time. They have not been amended to reflect the current requirement under both IFRS and UK GAAP that proposed dividends are not provided for on the balance sheet.
(c) Return on equity is as calculated as operating profit before exceptional items less interest as a percentage of shareholders’ equity. The 2006 and 2007 figures are distorted by the element of the cash held at the year end arising from the profit on disposal of Douglas, without which the return on equity would have been 34% and 33% respectively.
(d) Earnings per share – underlying basis are calculated after adjusting the post-tax profit figure as follows:
(e) The 2007 dividend includes two interim dividends of 7.2p and 9.8p, following the change to the Company’s year end from 30 June to 31 December.
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