|
IFRS |
|
UK GAAP |
| Year ending 31 December |
2007 |
2006 |
2005* |
2004 |
|
2003 |
|
£m |
£m |
£m |
£m |
|
£m |
| Income statements |
|
|
|
|
|
|
| Revenue |
1,738.0 |
1,408.5 |
1,214.5 |
1,238.2 |
|
1,211.1 |
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| Total operating profit |
73.3 |
56.2 |
37.0 |
45.6 |
|
32.1 |
| Interest |
0.1 |
1.9 |
(1.0) |
(2.0) |
|
(3.2) |
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| Profit after interest |
73.4 |
58.1 |
36.0 |
43.6 |
|
28.9 |
| Exceptional items & goodwill amortisation/impairment |
(4.1) |
(43.0) |
0.2 |
2.2 |
|
(31.8) |
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| Profit (loss) before taxation |
69.3 |
15.1 |
36.2 |
41.4 |
|
(2.9) |
| Taxation |
(19.9) |
(14.0) |
(11.9) |
(12.1) |
|
(4.4) |
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| Profit (loss) after taxation |
49.4 |
1.1 |
24.3 |
29.3 |
|
(7.3) |
| Minority interest |
(2.8) |
(2.7) |
(2.6) |
(1.8) |
|
(0.6) |
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| Profit (loss) attributable to shareholders |
46.6 |
(1.6) |
21.7 |
27.5 |
|
(7.9) |
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|
|
|
|
|
|
|
| Balance sheets |
|
|
|
|
|
|
| Property, plant & equipment |
117.6 |
105.5 |
99.5 |
97.3 |
|
90.1 |
| JVs and assoiated undertakings |
121.4 |
84.0 |
60.0 |
39.1 |
|
32.8 |
| Retirement benefit obligation |
(83.1) |
(111.4) |
(132.6) |
(128.9) |
|
n/a |
| Other assets less liabilities incl. provisions |
(99.5) |
(69.8) |
(69.3) |
(48.8)
| |
(66.8) |
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| Operating assets employed |
56.4 |
8.3 |
(42.4) |
(41.3) |
|
56.1 |
| Goodwill |
228.4 |
228.4 |
154.3 |
154.3 |
|
154.3 |
| Net debt |
(101.6) |
(114.8) |
(17.7) |
(17.8) |
|
(22.5) |
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| Net assets |
183.2 |
121.9 |
94.2 |
95.2 |
|
187.9 |
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|
|
|
|
|
|
|
| Financed by |
|
|
|
|
|
|
| Shareholders' funds |
181.6 |
120.5 |
92.8 |
93.5 |
|
187.2 |
| Minority interest |
1.6 |
1.4 |
1.4 |
1.7 |
|
0.7 |
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|
183.2 |
121.9 |
94.2 |
95.2 |
|
187.9 |
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|
|
|
|
|
|
|
| Earnings (loss) per share |
p |
p |
p |
p |
|
p |
| Headline earnings (loss) per share |
39.9 |
31.7 |
18.9 |
22.9 |
|
16.7 |
| Exceptional items and goodwill amortisation/impairment |
(2.4) |
(33.1) |
0.1 |
1.3 |
|
(23.7) |
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| Basic earnings per share |
37.5 |
(1.4) |
19.0 |
24.2 |
|
(7.0) |
| Growth in headline earnings per share |
n/a |
67.7% |
(17.5%) |
n/a |
|
(43.4%) |
| Dividends - net payable per share for the year |
16.2 |
15.4 |
14.7 |
14.1 |
|
13.5 |
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* 2005 results were restated to correct for the effects of accounting errors in the former Industrial Services division.
Note that because the accounts from 2003 are under UK GAAP while 2004-2007 are under IFRS, comparisons between the two periods are not valid.
