 |
|
|
|
|
|
|
|
 |
 |
| |
Period ended |
Year ended |
| |
5 August 2006 |
31 July 2005 |
| |
£m |
£m |
| Revenue |
3,522.9 |
3,005.4 |
| Headline operating profit |
519.8 |
415.7 |
| Amortisation of acquired intangible assets |
(16.9) |
(5.7) |
| Exceptional items (including impairment) |
(339.5) |
(28.0) |
| Financing losses |
(2.8) |
|
| Operating profit |
160.6 |
382.0 |
| Net finance costs |
(27.1) |
(16.1) |
| Share of post-tax losses of associated companies |
(1.1) |
|
| Profit before taxation |
132.4 |
365.9 |
| Profit after taxation |
24.2 |
271.8 |
| Shareholders’ equity |
1,362.9 |
1,483.8 |
| Represented by |
|
|
| – intangible fixed assets |
1,530.6 |
1481.7 |
| – property, plant & equipment and investments |
512.6 |
831.3 |
| – net current assets/provisions/retirement benefit liabilities |
246.4 |
101.6 |
| Net borrowings |
(926.7) |
(930.8) |
| Funds employed |
1,362.9 |
1,483.8 |
| Ratios |
|
|
| Operating profit before amortisation of acquired intangible
assets: turnover (%) |
14.8 |
13.8 |
| Effective tax rate before amortisation of acquired intangible
assets and exceptional items (%) |
25.6 |
26.4 |
| After tax return on average shareholder investment (%) |
13.6 |
11.2 |
| Cash-flow |
|
|
| Cash-flow from normal operating activities |
437.6 |
277.6 |
| Less capital expenditure (net) |
(18.0) |
(18.9) |
| Operating cash after capital expenditure |
419.6 |
258.7 |
| Free cash-flow per share (before acquisitions and dividends,
after capital expenditure) |
170.4 |
147.0 |
| Free cash-flow per share (p) |
30.1p |
26.1p |
| Earnings per share before amortisation of acquired intangible
assets and exceptional items (p) |
64.8 |
52.8 |
| |
|
|
| Dividends |
|
|
| Pence per share |
31.3 |
29.0 |
| Times covered before amortisation of acquired intangible
assets and exceptional items |
2.1 |
1.8 |
| |
|
|
| Number of employees (000s) |
|
|
| United Kingdom |
7.3 |
7.2 |
| Overseas |
24.5 |
23.4 |
| |
31.8 |
30.6 |
|
 |
|
| |
Year ended 31 July |
| |
2005 |
2004 |
2003 |
2002 |
| |
£m |
£m |
£m |
£m |
| Turnover |
| – continuing operations |
3,016.8 |
2,678.4 |
2,629.2 |
2,588.4 |
| – discontinued operations |
|
55.0 |
426.9 |
635.1 |
| |
3,016.8 |
2,733.4 |
3,056.1 |
3,223.5 |
| Operating profit |
| – continuing operations |
420.4 |
360.1 |
371.9 |
364.1 |
| – discontinued operations |
|
2.2 |
51.9 |
64.0 |
| |
420.4 |
362.3 |
423.8 |
428.1 |
| Goodwill amortisation and impairment |
(61.0) |
(39.0) |
(44.1) |
(50.7) |
| Operating profit (after goodwill amortisation and impairment) |
359.4 |
323.3 |
379.7 |
377.4 |
| Net interest |
(7.8) |
(12.2) |
(39.8) |
(32.0) |
| Profit before exceptional items |
351.6 |
311.1 |
339.9 |
345.4 |
| Exceptional items |
(41.8) |
(11.0) |
(122.5) |
(68.0) |
| Profit before taxation |
309.8 |
300.1 |
217.4 |
277.4 |
| Profit after taxation |
220.8 |
212.9 |
112.3 |
186.4 |
| Minority interests |
|
|
(0.8) |
(1.3) |
| Shareholders’ equity |
1,204.8 |
1,122.5 |
857.2 |
832.6 |
| Represented by |
| – intangible fixed assets |
1,225.6 |
728.2 |
830.2 |
638.3 |
| – tangible fixed assets and investments |
854.3 |
750.8 |
885.4 |
892.5 |
| – net current assets/provisions/retirement benefit liabilities |
55.7 |
(83.8) |
(143.3) |
27.0 |
| Net debt |
(930.8) |
(272.7) |
(715.1) |
(725.2) |
| Funds employed |
1,204.8 |
1,122.5 |
857.2 |
832.6 |
| Goodwill charged directly to reserves |
1,260.3 |
1,262.6 |
1,392.6 |
1,604.1 |
| Shareholder investment |
2,465.1 |
2,385.1 |
2,249.8 |
2,436.7 |
| Ratios |
| Operating profit before goodwill amortisation and impairment:
turnover (%) |
13.9 |
13.3 |
13.9 |
13.3 |
| Effective tax rate before goodwill amortisation and exceptional
items (%) |
26.0 |
26.5 |
27.0 |
28.0 |
| After tax return on average shareholder investment (%) |
12.6 |
11.1 |
11.9 |
11.0 |
| Cash-flow |
| Cash-flow from normal operating activities |
384.9 |
382.9 |
466.5 |
583.0 |
| Less capital expenditure (net) |
(104.9) |
(53.9) |
(86.3) |
(100.0) |
| Operating cash after capital expenditure |
280.0 |
329.0 |
380.2 |
483.0 |
| Free cash-flow per share (before acquisitions and dividends,
after capital expenditure) |
147.0 |
255.0 |
270.5 |
314.5 |
| Free cash-flow per share (p) |
26.1 |
45.5 |
48.4 |
56.5 |
| Earnings per share before amortisation and impairment
of goodwill and exceptional items (p) |
54.3 |
45.9 |
50.1 |
51.0 |
| |
|
|
|
|
| Dividends |
| Pence per share |
29.0 |
27.0 |
26.0 |
25.5 |
| Times covered before amortisation and impairment of goodwill
and exceptional items |
1.9 |
1.7 |
1.9 |
2.0 |
| |
|
|
|
|
| Number of employees (000s) |
| United Kingdom |
7.2 |
6.9 |
8.5 |
10.7 |
| Overseas |
23.4 |
20.3 |
23.8 |
22.3 |
| |
30.6 |
27.2 |
32.3 |
33.0 |
|
|
|
