|
|
| |
| five year record |
| |
UK GAAP |
|
IFRS |
| |
|
|
|
| |
2004
£ million |
|
2005
£ million |
|
2006
£ million |
|
2007
£ million |
|
2008
£ million |
| |
|
|
|
|
|
|
|
|
|
| Revenue |
4,492.9 |
|
4,626.2 |
|
4,755.9 |
|
6,151.7 |
|
7,498.7 |
| |
|
|
|
|
|
|
|
|
|
| Sales excluding the value of precious metals |
1,224.4 |
|
1,187.7 |
|
1,341.2 |
|
1,454.2 |
|
1,750.2 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Underlying operating profit |
206.0 |
|
216.6 |
|
235.5 |
|
255.2 |
|
296.8 |
| Goodwill amortisation |
(19.8) |
|
- |
|
- |
|
- |
|
- |
| Amortisation of acquired intangibles |
- |
|
- |
|
(0.8) |
|
(2.8) |
|
(3.1) |
| One-off items |
2.1 |
|
(36.7) |
|
(6.0) |
|
- |
|
- |
| |
|
|
|
|
|
|
|
|
|
| Operating profit |
188.3 |
|
179.9 |
|
228.7 |
|
252.4 |
|
293.7 |
| Net finance costs |
(16.3) |
|
(13.0) |
|
(14.7) |
|
(26.8) |
|
(30.3) |
| Net return on retirement benefits assets and liabilities |
6.0 |
|
- |
|
- |
|
- |
|
- |
| Share of profit / (loss) of associates |
- |
|
0.5 |
|
(0.2) |
|
0.9 |
|
(1.1) |
| |
|
|
|
|
|
|
|
|
|
| Profit before tax |
178.0 |
|
167.4 |
|
213.8 |
|
226.5 |
|
262.3 |
| Income tax expense |
(57.9) |
|
(46.5) |
|
(62.5) |
|
(64.7) |
|
(77.2) |
| |
|
|
|
|
|
|
|
|
|
| Profit after taxation |
120.1 |
|
120.9 |
|
151.3 |
|
161.8 |
|
185.1 |
| (Loss) / profit for the year from discontinued operations |
- |
|
(6.4) |
|
- |
|
43.7 |
|
0.3 |
| Minority interests |
1.7 |
|
1.0 |
|
0.8 |
|
1.0 |
|
0.8 |
| |
|
|
|
|
|
|
|
|
|
| Profit attributable to equity holders of the parent company |
121.8 |
|
115.5 |
|
152.1 |
|
206.5 |
|
186.2 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Underlying earnings per ordinary share |
64.0p |
|
67.0p |
|
73.0p |
|
82.2p |
|
89.5p |
| |
|
|
|
|
|
|
|
|
|
| Earnings per ordinary share |
56.0p |
|
53.2p |
|
70.8p |
|
96.9p |
|
88.5p |
| |
|
|
|
|
|
|
|
|
|
| Dividend per ordinary share |
26.4p |
|
27.7p |
|
30.1p |
|
33.6p |
|
36.6p |
| |
|
|
|
|
|
|
|
|
|
| Summary Balance Sheet |
|
|
|
|
|
|
|
|
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| Assets employed: |
|
|
|
|
|
|
|
|
|
| Goodwill |
377.1 |
|
375.1 |
|
402.4 |
|
399.2 |
|
482.8 |
| Property, plant and equipment / other intangible assets |
608.1 |
|
620.4 |
|
702.4 |
|
640.8 |
|
816.6 |
| Non-current investments / associates / joint ventures |
5.5 |
|
6.7 |
|
10.2 |
|
9.6 |
|
8.9 |
| Inventories |
417.3 |
|
307.3 |
|
345.8 |
|
362.7 |
|
380.4 |
| Receivables / current investments / tax assets / financial assets |
389.0 |
|
375.3 |
|
497.1 |
|
549.2 |
|
734.4 |
| Payables / provisions / tax liabilities / financial liabilities |
(534.4) |
|
(382.3) |
|
(520.2) |
|
(519.5) |
|
(669.6) |
| Post-employment benefits net assets / employee benefits obligations |
3.5 |
|
(3.0) |
|
18.8 |
|
0.9 |
|
17.2 |
| |
|
|
|
|
|
|
|
|
|
| |
1,266.1 |
|
1,299.5 |
|
1,456.5 |
|
1,442.9 |
|
1,770.7 |
| |
|
|
|
|
|
|
|
|
|
| Financed by: |
|
|
|
|
|
|
|
|
|
| Net borrowings and finance leases |
394.5 |
|
369.6 |
|
412.0 |
|
364.8 |
|
610.4 |
| Retained earnings |
528.4 |
|
594.5 |
|
708.0 |
|
783.7 |
|
879.1 |
| Share capital, share premium, shares held in ESOTs and other reserves |
333.8 |
|
327.9 |
|
330.1 |
|
292.0 |
|
279.8 |
| Minority interests |
9.4 |
|
7.5 |
|
6.4 |
|
2.4 |
|
1.4 |
| |
|
|
|
|
|
|
|
|
|
| Capital employed |
1,266.1 |
|
1,299.5 |
|
1,456.5 |
|
1,442.9 |
|
1,770.7 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
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| Cumulative goodwill taken directly to reserves |
40.6 |
|
- |
|
- |
|
- |
|
- |
| |
|
|
|
|
|
|
|
|
|
| Return on invested capital |
16.2% |
|
16.7% |
|
17.1% |
|
17.6% |
|
18.5% |
| (Underlying operating profit / average capital employed and cumulative goodwill taken directly to reserves) |
|
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| Figures for 2006 onwards have been prepared under IFRS. Figures for 2005 have been restated for IFRS. Figures for 2004 have been prepared under UK GAAP. |
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