Notes |
2010
£000 |
2009
£000 |
2008
£000 |
2007
£000 |
2006
£000 |
|
Revenue |
|
335,953 |
326,747 |
267,645 |
204,438 |
179,242 |
|
Operating profit before amortisation of acquired intangibles and exceptional items (Adjusted Operating Profit)
|
44,699 |
46,405 |
36,069 |
23,485 |
17,482 |
|
Acquired intangible amortisation
Exceptional items |
|
(5,555)
(5,936) |
(3,829)
— |
(2,201)
— |
(700)
— |
(91)
— |
|
Profit on ordinary activities before interest
Net finance income and expense |
33,208
(3,308) |
42,576
(2,750) |
33,868
(2,751) |
22,785
(1,786) |
17,391
(1,853) |
|
Profit on ordinary activities before taxation
Tax on profit on ordinary activities
Attributable to minority interests |
29,900
(10,340)
(18) |
39,826
(12,755)
(454) |
31,117
(6,487)
— |
20,999
(5,546)
— |
15,538
(4,223)
— |
|
Profit for the period from continuing operations
Loss for the period from discontinued operations
|
19,542
— |
26,617
— |
24,630
— |
15,453
— |
11,315
(256) |
|
Profit for the financial year |
|
19,542 |
26,617 |
24,630 |
15,453 |
11,059 |
|
Capital expenditure |
|
4,460 |
5,438 |
5,191 |
3,152 |
2,627 |
|
Adjusted operating cash flow
Cash conversion |
1
2 |
48,473
108% |
43,007
93% |
30,043
83% |
24,332
104% |
16,444
94% |
|
Assets employed
Non-current assets
Current assets less liabilities |
3
|
157,235
16,247
|
127,034
30,741
|
99,111
17,125
|
85,717
(341)
|
70,035
4,862
|
|
Net assets employed |
3 |
173,482 |
157,775 |
116,236 |
85,376 |
74,897 |
|
Source of finance
Equity shareholders’ funds
Minority interests
Net borrowings |
|
130,868
1,634
40,980
|
133,517
8,811
15,447
|
94,528
—
21,798
|
64,102
—
21,274
|
57,972
—
16,925
|
|
Source of finance |
3 |
173,482 |
157,775 |
116,326 |
85,376 |
74,897 |
|
Debt: equity ratio |
4 |
30.9% |
11.6% |
23.1% |
33.2% |
29.2% |
|
Earnings per 25p ordinary share
Adjusted
Basic
Diluted |
|
11.0p
7.7p
7.6p
|
11.5p
10.6p
10.5p
|
9.5p
10.0p
9.9p
|
6.6p
6.4p
6.3p
|
4.8p
4.7p
4.7p
|
|
Net dividend per ordinary share |
|
4.8p |
4.3p |
3.3p |
2.6p |
2.3p |
|
Return on net assets |
5 |
54.9% |
68.2% |
79.2% |
72.1% |
54.4% |
|
|
|
|
|
|
|
|
Notes
1 Operating cashflow before exceptional payments.
2 Adjusted operating cashflow as a percentage of adjusted operating profit.
3 For the purpose of this summary:
a) current assets less liabilities comprise current assets, less cash balances and other creditors and provisions for liabilities and charges
b) net borrowings, which comprise bank overdrafts and bank loans less cash balances, have been excluded from net assets employed and treated as a source of finance.
4 Debt:equity represents net borrowings as a percentage of shareholders’ funds.
5 This represents the profit on ordinary activities before interest excluding exceptional items and goodwill amortisation expressed as a percentage of the average of the net assets employed. |