Halma Annual Report 2003

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



      93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03
    Turnover 135,318 153,739 173,652 200,140 213,777 217,758 233,485 268,322 267,597 267,293
    Overseas sales 74,976 90,045 104,432 119,235 126,863 134,189 150,727 181,831 183,259 188,161
    Profit before taxation, goodwill amortisation and exceptional items 25,075 29,234 33,619 37,076 42,391 41,823 43,751 49,698 48,255 46,508
                         
    Net tangible assets 55,518 63,833 77,650 81,209 98,249 102,101 89,755 99,991 117,515 86,854
    Borrowings 6,898 7,096 8,350 3,763 2,784 7,730 14,700 7,758 15,047 27,667
    Cash and short-term deposits 16,794 19,759 27,459 13,447 22,639 29,894 21,900 21,484 45,657 27,574
    Employees 2,099 2,226 2,384 2,677 2,861 2,827 2,975 3,059 2,859 2,793
                         
    Earnings per ordinary share (Notes 1) 4.79p 5.59p 6.44p 7.01p 6.87p 7.91p 6.08p 8.91p 8.58p 7.76p
    Earnings per ordinary share before goodwill amortisation and exceptional items (Notes 1) 4.79p 5.59p 6.44p 7.01p 8.26p 7.99p 8.41p 9.34p 9.10p 8.55p
    Year on year increase/(decrease) in earnings per ordinary share before goodwill amortisation and exceptional items 14.3% 16.7% 15.2% 8.9% 17.8% (3.3%) 5.3% 11.1% (2.6%) (6.0%)
    Net tangible assets per ordinary share (Notes 1) 15.6p 17.9p 21.7p 22.5p 27.1p 28.2p 24.9p 27.7p 32.2p 23.8p
    Year on year increase/(decrease) in net tangible assets per ordinary share 18.2% 14.7% 21.2% 3.7% 20.4% 4.1% (11.7%) 11.2% 16.2% (26.1%)
    Profit before taxation, goodwill amortisation and exceptional items as a % of turnover 18.5% 19.0% 19.4% 18.5% 19.8% 19.2% 18.7% 18.5% 18.0% 17.4%
    Return on capital employed (Note 2) 45.2% 45.8% 43.3% 45.7% 43.1% 41.0% 48.7% 49.7% 41.1% 53.5%
    Year on year increase in dividends per ordinary share 20% 20% 20% 20% 20% 20% 20% 15% 15% 10%
                         
    Ordinary share price at financial year end (Note 1) 127p 113p 138p 134p 124p 92p 95p 129p 164p 114p
    Market capitalisation at financial year end £446.9m £401.5m £492.1m £479.2m £447.3m £330.6m £340.1m £465.7m £598.2m £416.7m

    Earnings per share
    (before goodwill amortisation
    and exceptional items)

    		 Overseas sales



    		 Net tangible assets per share


    Notes:

    1. Restated for the capitalisation issues made in 1995 and 1997.
    2. Return on capital employed is defined as profit before taxation, goodwill amortisation and exceptional items expressed as a % of net tangible assets.
    3. Figures prior to 2001/02 have not been restated for the adoption of FRS 19.

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