Halma Annual Report 2002

 
 
Financial Highlights
  • 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
    		•       


      Change 2002 2001
        £m £m
    Turnover 0% 267.6 268.3
    Overseas sales +1% 183.3 181.8
    Profit before taxation* -3% 48.3 49.7
    Net tangible assets +18% 117.5 100.0†
           
    Earnings per share* -3% 9.10p 9.34p†
    Net tangible assets per share +16% 32.2p 27.7p†
    Dividend per share +15% 5.283p 4.593p
           
    Profit before taxation* as a percentage of turnover   18.0% 18.5%
    Turnover to net tangible assets   2.28
    times    		 2.68†
    times
    Return on capital employed**   41.1% 49.7%

    *Before goodwill amortisation
    **Return on capital employed is defined as profit before taxation* expressed as a percentage of net tangible assets
    †Restated for the adoption of FRS 19 (Deferred Tax)


    Highlights of the year
    • Sales held at last year's record level with profit only marginally down


    • Strong cashflow underpins further 15% dividend growth and record level of cash


    • New products driving continuing growth opportunities


    • US weaker but particularly strong sales in Europe


    • Consistently high returns and margins earned


    Disclaimer