Other Information

Five Year Record – Financial Data

  2008
£ million
2009
£ million
2010
£ million
2011
£ million
2012
£ million
Revenue 7,498.7 7,847.8 7,839.4 9,984.8 12,023.2
Sales excluding the value of precious metals 1,750.2 1,796.9 1,885.5 2,280.3 2,678.6
EBITDA 374.1 398.1 382.7 489.4 576.2
Depreciation (68.3) (88.7) (97.3) (108.3) (108.5)
Amortisation (9.0) (10.9) (13.6) (14.9) (17.6)
Underlying operating profit 296.8 298.5 271.8 366.2 450.1
Net finance costs (30.3) (32.6) (19.4) (20.7) (24.1)
Share of (loss) / profit of associate (1.1) 2.0 1.7
Underlying profit before tax 265.4 267.9 254.1 345.5 426.0
Amortisation of acquired intangibles (3.1) (9.1) (9.9) (14.5) (16.7)
Major impairment and restructuring charges (9.4) (11.3) (71.8)
Dissolution of associate (4.4) 0.1
Profit before tax 262.3 249.4 228.5 259.3 409.3
Income tax expense (77.2) (76.7) (64.3) (75.5) (93.9)
Profit after taxation 185.1 172.7 164.2 183.8 315.4
Profit / (loss) for the year from discontinued operations 0.3 1.2 (1.9)
Non-controlling interests 0.8 0.2 (0.4) 0.5
Profit attributable to owners of the parent company 186.2 174.1 164.2 181.5 315.9
Underlying earnings per ordinary share 89.5p 89.6p 86.4p 119.0p 153.7p
Earnings per ordinary share 88.5p 82.6p 77.6p 85.2p 148.7p
Dividend per ordinary share 36.6p 37.1p 39.0p 46.0p 55.0p
Summary Balance Sheet
Assets employed:
         
Goodwill 480.4 516.0 513.8 528.7 519.5
Property, plant and equipment / other intangible assets 827.9 1,060.5 1,053.2 1,060.6 1,037.3
Non-current investments / associates 8.9 12.1 10.9 8.0 8.0
Inventories 380.4 371.7 390.1 556.3 630.8
Receivables / current investments / tax assets / financial assets 712.4 585.9 718.9 952.2 898.6
Payables / provisions / tax liabilities / financial liabilities (655.7) (684.1) (717.0) (932.2) (938.8)
Post-employment benefits net assets / employee benefit obligations 16.4 (151.6) (245.7) (130.4) (169.4)
  1,770.7 1,710.5 1,724.2 2,043.2 1,986.0
Financed by:          
Net debt 610.4 534.4 473.4 639.4 454.2
Retained earnings 879.1 849.6 837.7 1,001.2 1,169.6
Share capital, share premium, shares held in ESOTs and other reserves 279.8 325.7 411.7 401.5 361.8
Non-controlling interest 1.4 0.8 1.4 1.1 0.4
Capital employed 1,770.7 1,710.5 1,724.2 2,043.2 1,986.0
Return on invested capital
(Underlying operating profit / average capital employed)
18.5% 17.1% 15.8% 19.4% 22.3%

2011 has been restated for the changes to Intercat, Inc.’s fair values. In 2009, the balance sheet for 2008 was restated for the changes to Argillon Group’s fair value at acquisition and goodwill on acquisition.

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