Halma Annual Report 2002

 
 
Ten year financial summary
  • Financial highlights
    		•
  • Chairman's statement
    		•
  • Chief executive's review
  • Financial review
    		•
  • Group profit & loss
    		•
  • Group balance sheet
    		•
  • Group cash flow statement
    		•
  • Ten year financial summary
    		•
  • Operating review
    		•       


      92/93 93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02
    Turnover 116,145 135,318 153,739 173,652 200,140 213,777 217,758 233,485 268,322 267,597
    Overseas sales 59,808 74,976 90,045 104,432 119,235 126,863 134,189 150,727 181,831 183,259
    Profit before taxation, goodwill amortisation and exceptional items 20,891 25,075 29,234 33,619 37,076 42,391 41,823 43,751 49,698 48,255
                         
    Net tangible assets (Note 1) 46,064 55,518 63,833 77,650 81,209 98,249 102,101 89,755 99,991 117,515
    Borrowings 8,726 6,898 7,096 8,350 3,763 2,784 7,730 14,700 7,758 15,047
    Cash and short-term deposits 17,248 16,794 19,759 27,459 13,447 22,639 29,894 21,900 21,484 45,657
    Employees 1,902 2,099 2,226 2,384 2,677 2,861 2,827 2,975 3,059 2,895
                         
    Earnings per ordinary share (Notes 1,2 and 3) 4.19p 4.79p 5.59p 6.44p 7.01p 6.87p 7.91p 6.08p 8.91p 8.58p
    Earnings per ordinary share before goodwill amortisation and exceptional items (Notes 1 and 2) 4.19p 4.79p 5.59p 6.44p 7.01p 8.26p 7.99p 8.41p 9.34p 9.10p
    Year on year increase/(decrease) in earnings per ordinary share before goodwill amortisation and exceptional items 28.9% 14.3% 16.7% 15.2% 8.9% 17.8% (3.3%) 5.3% 11.1% (2.6%)
    Net tangible assets per ordinary share (Notes 1 and 2) 13.2p 15.6p 17.9p 21.7p 22.5p 27.1p 28.2p 24.9p 27.7p 32.2p
    Year on year increase/(decrease) in net tangible assets per ordinary share 17.9% 18.2% 14.7% 21.2% 3.7% 20.4% 4.1% (11.7%) 11.2% 16.2%
    Profit before taxation, goodwill amortisation and exceptional items as a % of turnover 18.0% 18.5% 19.0% 19.4% 18.5% 19.8% 19.2% 18.7% 18.5% 18.0%
    Return on capital employed (Note 4) 45.4% 45.2% 45.8% 43.3% 45.7% 43.1% 41.0% 48.7% 49.7% 41.1%
    Year on year increase in dividends per ordinary share 20% 20% 20% 20% 20% 20% 20% 20% 15% 15%
                         
    Ordinary share price at financial year end (Note 2) 108p 127p 113p 138p 134p 124p 92p 95p 129p 164p
    Market capitalisation at financial year end £375.2m £446.9m £401.5m £492.1m £479.2m £447.3m £330.6m £340.1m £465.7m £598.2m


    Notes:

    1. Figures for 2000/01 have been restated to reflect the change in accounting policy relating to deferred tax following the adoption of FRS19 in 2001/02. Earlier figures have not been restated.
    2. Restated for the capitalisation issues made in 1993, 1995 and 1997.
    3. Earnings per ordinary share figures have been restated where appropriate on an FRS3 basis for items previously disclosed as extraordinary.
    4. Return on capital employed is defined as profit before taxation, goodwill amortisation and exceptional items expressed as a % of net tangible assets.

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