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Investors

5 Year Financial Summary


Profit and Loss Account - £m


  2004/5 2005/6 2006/7 2007/8 2008/9
  IFRS IFRS IFRS IFRS IFRS
Group turnover * 1,450.5 1,584.0 1,410.8 1,216.70 1,334.60
Profit before exceptional items and tax * 160.1 181.1 213.0 210.3 229.9
Profit before tax 222.8 303.6 434.8 602.8 198.6
Basic earnings per share (pence) 56.63 99.85 123.43 294.72 52.82
Adjusted basic earnings per share (pence) 60.28 56.67 66.31 89.59 93.1
Ordinary dividends per share (pence) 25.25 27.30 30.25 36 36.55
Average number of employees 53,483 34,419 31,703 27,141 26,377

NOTES:

  1. A reconciliation between UKGAAP and IFRS for 2004/5, is available under the Presentations and Webcasts section
  2. Prior years have been restated for the introduction of accounting policies where appropriate.
  • * 2004/5, 2005/6, 2006/07 and 2007/8 refer to continuing operations only.

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Balance Sheets - £m


  2005 2006 2007 2008 2009
  UKGAAP IFRS IFRS IFRS IFRS
Intangible fixed assets 193.3 79.0 78.5 101.2 118.9
Tangible fixed assets 2,604.0 2,677.1 2,487.6 2,127.40 2,301.1
Investments 100.0 119.9 59.9 502 25.0
Total fixed assets 2,897.3 2,876.0 2,626.0 2,233.8 2,445.0
Current assets 224.4 217.3 166.2 183.2 128.0
Assets held for sale 992.3 302.6 59.1 - 0.0
Creditors - amounts falling due within one year (460.9) (423.8) (379.6) (657.8) (293.0)
Net current liabilities 755.8 96.1 (154.3) (474.6) (165.0)
Total assets less current liabilities 3,653.1 2,972.1 2,471.7 1,759.2 2,280.0
Creditors - amounts falling due after more than one year (1,219.0) (874.8) (882.8) (155.9) (665.7)
Pension liability (346.0) (338.0) (196.0) (33) (233.0)
Provisions for liabiliities and charges (272.0) (212.8) (333.8) -253.1 (252.8)
  1,816.1 1,546.5 1059.0 1,317.2 1,128.5
Called up share capital 149.6 151.1 151.9 148.8 145.3
Share premium account 23.2 36.1 38.1 43.8 46.1
Reserves 1,637.5 1,356.5 868.8 1,124.6 936.4
Shareholders' fund 1,810.3 1,543.7 1,058.8 1,317.2 1,127.8
Minority interests 5.8 2.8 0.3 0.0 0.7
  1,816.1 1,546.5 1,059.1 1,317.2 1,128.5
Net debt † 1,348.7 970.3 898.6 425.8 623.1

NOTES:

† Net debt is loan capital and bank overdrafts less cash at bank and in hand (see notes 23 and 24)

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Cash Flow - £m


  2004/5 2005/6 2006/7 2007/8 2008/9
Cash flow from operating activities 440.0 234.8 298.4 225.8 284.7
Dividends from joint ventures and associates 23.1 82.7 - 0.7 0.6
Returns on investments and servicing of finance (70.4) (90.0) (36.1) (30.3) (33.5)
Tax paid (48.8) (40.7) (12.8) (25.8) (37.0)
Capital expenditure and financial investment § (204.7) (211.3) 244.3 (285) (277.3)
Acquisitions and disposals q (553.8) 870.8 358.8 930.5 (47.5)
Net cash inflow/(outflow) before financing 846.3 852.6 815.9 197.7 (110.0)
Equity dividends paid (68.2) (475.5) (529.0) (60.7) (64.1)
Management of liquid resources
Financing 485.4 (393.4) (316.4) (771) 196.5
Increase in cash 2.6 (22.6) 7.2 (15.8) 22.4
 
§ Capital expenditure and financial investment          
Property and plant purchased (260.9) (230.2) (243.3) (284.7) (276.3)
Property and plant sold 64.8 12.0 487.6 (0.3) (1.0)
Net investment and loan (increase)/decrease (8.6) 6.9 - - -
  (204.7) (211.3) 244.3 (285) (277.3)
 
q Acquisitions and disposals          
New businesses acquired (553.8) (0.2) (2.7) (52.2) (30.4)
Businesses sold - 871.0 361.5 984.3 0.0
Contributions to Joint Ventures - - - (1.6) (17.1)
  (553.8) 870.8 358.8 930.5 (47.5)

For the full report and accounts, visit the Annual & Interim Reports page.

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