Financial Analysis

Five Year Summary

  2016
£m
2015
£m
2014
£m
2013 **
£m
2012 **
£m
Results          
Revenue 3,871.1 3,204.4 2,930.0 2,804.8 2,590.7
Operating profit 171.1 217.9 200.9 199.8 233.3
Net finance costs (64.7) (42.1) (42.6) (43.3) (34.9)
Profit before taxation 104.4 165.2 158.0 154.3 210.0
Tax charge (5.4) (25.7) (25.5) (27.8) (44.3)
Profit attributable to equity shareholders of the parent 97.9 139.3 132.5 126.5 165.7
Net assets/(liabilities)        
Non-current assets 1,449.2 1,413.2 1,254.1 1,308.3 1,166.1
Current assets 793.0 798.9 535.4 526.3 505.6
Current liabilities (excluding provisions) (953.3) (956.1) (691.6) (707.7) (623.5)
Non-current liabilities (excluding provisions) (950.3) (990.2) (849.7) (933.0) (891.6)
Provisions (160.8) (170.8) (168.9) (177.6) (179.1)
Total equity 177.8 95.0 79.3 16.3 (22.5)
Cash and debt        
Cash at bank and in hand 382.3 395.6 240.3 262.2 241.0
Gross debt*** 781.6 (776.9) (701.9) (800.2) (764.8)
Net debt*** 399.3 (381.3) (461.6) (538.0) (523.8)
Cash flow        
Net cash flow from operating activities after tax 278.9 315.5 248.3 313.1 257.5
Ratios        
Adjusted earnings per ordinary share* 27.7p 26.7p 26.0p 24.6p 21.8p
Dividends per ordinary share 11.4p 10.5p 9.5p 8.6p 7.8p
Net cash from operating activities after tax per ordinary share 48.4p 54.8p 43.1p 54.6p 40.3p
Ordinary shares in issue at year end 576.1m 576.1m 576.1m 576.1m 576.1m

* before intangible asset expenses and exceptional items
** 2012 and 2013 figures restated for IAS 19R
*** as defined in note 35 to the consolidated financial statements