Five Year Record.
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.

Back to top