| 2006 £ million |
2007 £ million |
2008 £ million |
2009 £ million |
2010 £ million |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,755.9 | 6,151.7 | 7,498.7 | 7,847.8 | 7,839.4 | |||||
| Sales excluding the value of precious metals | 1,341.2 | 1,454.2 | 1,750.2 | 1,796.9 | 1,885.5 | |||||
| EBITDA | 305.5 | 329.9 | 374.1 | 398.1 | 382.7 | |||||
| Depreciation | (64.7) | (68.6) | (68.3) | (88.7) | (97.3) | |||||
| Amortisation | (5.3) | (6.1) | (9.0) | (10.9) | (13.6) | |||||
| Underlying operating profit | 235.5 | 255.2 | 296.8 | 298.5 | 271.8 | |||||
| Amortisation of acquired intangibles | (0.8) | (2.8) | (3.1) | (9.1) | (9.9) | |||||
| Major impairment and restructuring charges | (6.0) | – | – | (9.4) | (11.3) | |||||
| Operating profit | 228.7 | 252.4 | 293.7 | 280.0 | 250.6 | |||||
| Net finance costs | (14.7) | (26.8) | (30.3) | (32.6) | (19.4) | |||||
| Share of (loss) / profit of associates | (0.2) | 0.9 | (1.1) | 2.0 | 1.7 | |||||
| Dissolution of associate | – | – | – | – | (4.4) | |||||
| Profit before tax | 213.8 | 226.5 | 262.3 | 249.4 | 228.5 | |||||
| Income tax expense | (62.5) | (64.7) | (77.2) | (76.7) | (64.3) | |||||
| Profit after taxation | 151.3 | 161.8 | 185.1 | 172.7 | 164.2 | |||||
| Profit for the year from discontinued operations | – | 43.7 | 0.3 | 1.2 | – | |||||
| Minority interests | 0.8 | 1.0 | 0.8 | 0.2 | – | |||||
| Profit attributable to equity holders of the parent company | 152.1 | 206.5 | 186.2 | 174.1 | 164.2 | |||||
| Underlying earnings per ordinary share | 73.0p | 82.2p | 89.5p | 89.6p | 86.4p | |||||
| Earnings per ordinary share | 70.8p | 96.9p | 88.5p | 82.6p | 77.6p | |||||
| Dividend per ordinary share | 30.1p | 33.6p | 36.6p | 37.1p | 39.0p | |||||
| Summary Balance Sheet Assets employed: |
||||||||||
| Goodwill | 402.4 | 399.2 | 480.4 | 516.0 | 513.8 | |||||
| Property, plant and equipment / other intangible assets | 702.4 | 640.8 | 827.9 | 1,060.5 | 1,053.2 | |||||
| Non-current investments / associates | 10.2 | 9.6 | 8.9 | 12.1 | 10.9 | |||||
| Inventories | 345.8 | 362.7 | 380.4 | 371.7 | 390.1 | |||||
| Receivables / current investments / tax assets / financial assets | 497.1 | 549.2 | 712.4 | 585.9 | 718.9 | |||||
| Payables / provisions / tax liabilities / financial liabilities | (520.2) | (519.5) | (655.7) | (684.1) | (717.0) | |||||
| Post-employment benefits net assets / employee benefits obligations | 18.8 | 0.9 | 16.4 | (151.6) | (245.7) | |||||
| 1,456.5 | 1,442.9 | 1,770.7 | 1,710.5 | 1,724.2 | ||||||
| Financed by: | ||||||||||
| Net debt | 412.0 | 364.8 | 610.4 | 534.4 | 473.4 | |||||
| Retained earnings | 708.0 | 783.7 | 879.1 | 849.6 | 837.7 | |||||
| Share capital, share premium, shares held in ESOTs and other reserves | 330.1 | 292.0 | 279.8 | 325.7 | 411.7 | |||||
| Minority interests | 6.4 | 2.4 | 1.4 | 0.8 | 1.4 | |||||
| Capital employed | 1,456.5 | 1,442.9 | 1,770.7 | 1,710.5 | 1,724.2 | |||||
| Return on invested capital (Underlying operating profit / average capital employed) |
17.1% | 17.6% | 18.5% | 17.1% | 15.8% |
The balance sheet for 2008 has been restated for the changes to Argillon Group’s fair value at acquisition and goodwill on acquisition.