| |
| |
Notes |
2009
£m |
2008
£m |
2007
£m |
2006
£m |
2005
£m |
 |
| Revenue |
(a) |
31.7 |
34.7 |
34.5 |
33.4 |
34.6 |
| Operating profit before exceptional items |
(a) |
4.7
|
5.6 |
6.0 |
4.8 |
5.3 |
| Exceptional items |
(a) |
5.1
|
- |
(0.7) |
(1.5) |
(0.8) |
| Operating profit |
(a) |
9.8 |
5.6 |
5.3 |
3.3 |
4.5 |
| Interest payable/(receivable) |
(a) |
(0.1) |
(0.4)
|
(0.1) |
0.1 |
(0.1) |
| Profit before taxation |
(a) |
9.7 |
5.2 |
5.2 |
3.4 |
4.4 |
| Tax |
(a) |
(1.3) |
(1.4) |
(1.7) |
(1.0) |
(1.5) |
| Deferred tax re. abolition of IBA's |
|
- |
(0.7) |
- |
- |
- |
| Profit after taxation |
(a) |
8.4
|
3.1 |
3.5 |
2.4 |
2.9 |
| Profit on disposal of business |
|
0.2
|
- |
-
|
2.3 |
- |
| Profit for the year |
|
8.6
|
3.1 |
3.5 |
4.7 |
2.9 |
|
| Fixed assets |
|
9.5
|
10.0 |
10.1 |
8.9 |
8.0 |
| Other operating assets |
|
2.2
|
4.2
|
8.6 |
6.1 |
7.2 |
| Net operating assets |
|
11.7
|
14.2 |
18.7 |
15.0 |
15.2 |
| Tax |
|
(1.1) |
(1.6) |
(1.2) |
(0.4) |
(0.5) |
| Capital employed |
|
10.6 |
12.6 |
17.5 |
14.6 |
14.7 |
| Net cash/(borrowings) |
|
5.1 |
(3.0) |
(9.0) |
3.2 |
(0.3) |
| Shareholders' equity |
|
15.7
|
9.6 |
8.5 |
17.8 |
14.4 |
|
| Gross margin |
|
50% |
50% |
50% |
50% |
50% |
| Operating margin before exceptional items |
|
15% |
16% |
17% |
14% |
15% |
| Return on equity |
(b) |
29% |
54% |
68% |
28% |
36% |
| Debt/equity |
|
- |
31% |
106%
|
- |
2% |
| Earnings per share |
|
157.8p
|
56.8p |
54.4p |
30.2p |
40.9p |
| Earning per share - underlying basis |
(c) |
60.4p
|
70.3p |
63.8p |
44.9p |
50.7p |
Ordinary dividendper share
|
|
30.0p
|
29.0p |
28.0p |
22.7p |
21.8p |
| Dividend cover - underlying basis |
(c)
|
2.0 |
2.4 |
2.3 |
2.0 |
2.3 |
| |
|
|
|
|
|
|
|
| Notes: |
|
(a) To aid comparison with prior years, the income and expense figures for discontinued operations in 2009 and 2006 have been added back to those for the continuing Group on a line–by-line basis.
(b) Return on equity is calculated as operating profit before exceptional items less interest as a percentage of shareholders’ equity. This matches the calculation used in the Key Performance Indicators shown on page 10. The 2006 figure reflects 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%. The figures for 2007 and 2008 demonstrate the enhanced return to shareholders resulting from the tender offer and the gearing effects of the loan financing. The 2009 figure reflects the cash held at the year end arising from the sale of IMC’s former site, without which the return on equity would have been 45%.
(c) Earnings per share – underlying basis are calculated after adjusting the post-tax profit figure as follows:
- deferred tax charge on the abolition of IBA's is added back.
|
| |
|
| |
