Annual Report and Accounts 2014

 

5 Year Review

Group Income Statement

2010

2011

2012

2013

2014

Year ended 31 March

£’m

£’m

£’m

£’m

£’m

 

 

 

 

 

 

Revenue

5,967.1

7,397.6

9,283.5

10,572.7

11,231.7

 

 

 

 

 

 

Operating profit before exceptional items and amortisation of intangible assets

171.1

195.7

160.7

186.8

208.4

Exceptional items

(8.7)

(10.8)

(19.4)

(23.8)

(13.3)

Amortisation of intangible assets

(5.4)

(9.3)

(9.9)

(14.4)

(20.4)

Operating profit

157.0

175.6

131.4

148.6

174.7

Finance costs (net)

(10.8)

(13.8)

(14.9)

(15.4)

(23.5)

Share of associates’ profit/(loss) after tax

0.1

(0.2)

(1.0)

(0.3)

0.0

Profit before tax

146.3

161.6

115.5

132.9

151.2

Income tax expense

(29.5)

(37.3)

(26.0)

(26.3)

(27.3)

Non-controlling interests

(0.7)

(0.6)

(0.6)

(0.3)

(2.7)

Profit attributable to owners of the Parent

116.1

123.7

88.9

106.3

121.2

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

- basic (pence)

140.87p

148.69p

106.62p

127.17p

144.70p

- basic adjusted (pence)

157.93p

173.12p

141.99p

171.20p

191.20p

 

Dividend per share (pence)

59.84p

63.22p

67.64p

69.86p

76.85p

 

 

 

 

 

 

Dividend cover (times)

2.6

2.7

2.1

2.5

2.5

 

 

 

 

 

 

Interest cover (times)*

17.7

15.8

10.4

13.3

9.7

* excludes exceptional items

 

 

 

 

 

 

 

 

 

 

 

Group Balance Sheet

2010

2011

2012

2013

2014

As at 31 March

£’m

£’m

£’m

£’m

£’m

 

 

 

 

 

 

Non-current and current assets

 

 

 

 

 

Property, plant and equipment

318.5

349.5

376.2

441.5

469.4

Intangible assets

529.3

562.1

654.8

749.3

744.1

Investments in associates

2.1

2.0

1.0

0.8

0.8

Cash/derivatives

727.7

696.6

641.2

656.6

1,020.5

Other assets

1,039.8

1,141.5

1,483.3

1,538.3

1,472.8

Total assets

2,617.4

2,751.7

3,156.5

3,386.5

3,707.6

 

 

 

 

 

 

Equity

744.4

823.5

845.6

892.3

946.3

Non-current and current liabilities

 

 

 

 

 

Borrowings/derivatives

775.3

736.5

782.0

842.6

1,106.8

Retirement benefit obligations

21.1

17.1

12.3

19.4

16.0

Other liabilities

1,076.6

1,174.6

1,516.6

1,632.2

1,638.5

Total liabilities

1,873.0

1,928.2

2,310.9

2,494.2

2,761.3

Total equity and liabilities

2,617.4

2,751.7

3,156.5

3,386.5

3,707.6

 

 

 

 

 

 

Net debt included above

(47.6)

(39.9)

(106.9)

(186.0)

(86.3)

 

 

 

 

 

 

 

 

 

 

 

 

Group Cash Flow

2010

2011

2012

2013

2014

Year ended 31 March

£’m

£’m

£’m

£’m

£’m

 

 

 

 

 

 

Operating cash flow

264.2

229.7

240.8

264.6

348.7

Capital expenditure

41.9

71.1

61.0

62.5

79.2

Acquisitions

118.5

66.7

146.0

168.1

50.1

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

2010

2011

2012

2013

2014

Return on capital employed (%)

18.4%

19.9%

14.2%

15.6%

16.3%

Working capital (days)

4.6

4.9

2.5

2.2

(0.6)

Average number of employees

7,396

7,925

8,355

9,153

9,804