annual report 2010
-
| 
|
|
In this section
- Group financial record
- Group income statement
- Group statement of comprehensive income
- Group balance sheet
- Group cash flow statement
- Group statement of changes in equity
- Notes to the accounts
- Independent auditors' report (group)
- Company balance sheet
- Notes to the company accounts
- Independent auditors' report (company)
GROUP FINANCIAL RECORD
Income statement |
2010 (52 weeks) £m |
2009 (52 weeks) £m |
2008 (53 weeks) £m |
2007 (52 weeks) £m |
2006 (52 weeks) £m |
|---|---|---|---|---|---|
| Revenue | 984.1 |
954.6 |
960.5 |
917.5 |
818.6 |
| Operating profit before exceptionals | 211.3 |
216.2 |
236.2 |
218.1 |
190.9 |
| Profit before taxation | 101.9 |
54.3 |
147.9 |
145.9 |
120.9 |
| Profit before taxation and exceptionals | 123.0 |
118.5 |
142.0 |
139.8 |
119.6 |
| Basic earnings per share1 | 37.8p |
29.5p |
89.9p |
71.9p |
60.6p |
| Adjusted basic earnings per share1 | 43.4p |
53.4p |
59.4p |
52.0p |
44.9p |
| Adjusted dividend per share1 | 21.5p |
21.0p |
20.9p |
18.4p |
16.2p |
| Adjusted operating profit/revenue | 21.5% |
22.6% |
24.6% |
23.8% |
23.3% |
| Adjusted tax expense/profit before tax | 25.5% |
25.0% |
28.0% |
30.0% |
30.5% |
| Adjusted interest cover (times) | 2.4 |
2.2 |
2.5 |
2.8 |
2.7 |
| Adjusted dividend cover (times) | 2.0 |
2.5 |
2.3 |
2.3 |
2.2 |
1 All relevant years adjusted for the bonus element of the 2009 rights issue (note 12).
Balance sheet |
£m |
£m |
£m |
£m |
£m |
|---|---|---|---|---|---|
| Goodwill | 679.7 |
673.8 |
673.8 |
607.7 |
505.1 |
| Property, plant and equipment | 2,012.7 |
1,997.3 |
2,057.9 |
1,985.8 |
1,771.8 |
| Financial assets | 41.8 |
40.3 |
34.8 |
33.7 |
34.0 |
| Working capital | (152.5) |
(143.5) |
(150.2) |
(119.9) |
(75.0) |
| Derivatives | (108.8) |
(144.5) |
(5.5) |
5.8 |
(17.3) |
| Provisions | (211.9) |
(221.4) |
(256.6) |
(243.4) |
(210.4) |
| Net debt | (1,348.1) |
(1,558.6) |
(1,605.5) |
(1,435.5) |
(1,246.7) |
| Net assets | 912.9 |
643.4 |
748.7 |
834.2 |
761.5 |
| Gearing | 148% |
242% |
214% |
172% |
164% |
Cash flow and investment |
£m |
£m |
£m |
£m |
£m |
|---|---|---|---|---|---|
| EBITDA before exceptionals | 264.4 |
267.3 |
283.3 |
260.8 |
229.2 |
| Cash inflow from operations | 276.3 |
260.9 |
276.0 |
275.3 |
217.6 |
| Interest, tax and dividends | (157.6) |
(154.3) |
(145.7) |
(134.6) |
(124.8) |
| Capital expenditure | (76.0) |
(95.5) |
(98.3) |
(90.9) |
(77.9) |
| Proceeds from sales of property, plant and equipment | 27.2 |
44.2 |
41.4 |
70.3 |
17.9 |
| Trade loans and investments | (1.2) |
(6.0) |
(0.4) |
0.9 |
4.1 |
| Acquisitions | (61.6) |
– |
(82.6) |
(172.5) |
(232.7) |
| Other | 203.4 |
(2.4) |
(160.4) |
(137.3) |
(30.7) |
| Decrease/(increase) in debt | 210.5 |
46.9 |
(170.0) |
(188.8) |
(226.5) |
Adjusted earnings per share, operating profit, taxation, interest cover and dividend cover exclude the effect of exceptional items.