Halma Annual Report 2005

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            



      95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04

    04/05

    Turnover 173,652 200,140 213,777 217,758 233,485 268,322 267,597 267,293 292,640

    299,119

    Overseas sales 104,432 119,235 126,863 134,189 150,727 181,831 183,259 188,161 206,102

    218,745

    Profit before taxation, goodwill amortisation and exceptional items 33,619 37,076 42,391 41,823 43,751 49,698 48,255 46,508 50,284

    50,389

                       

     

    Net tangible assets 77,650 81,209 98,249 102,101 89,755 99,991 117,515 86,854 95,935

    80,750

    Borrowings 8,350 3,763 2,784 7,730 14,700 7,758 15,047 27,667 26,934

    33,344

    Cash and short-term deposits 27,459 13,447 22,639 29,894 21,900 21,484 45,657 27,574 48,482

    45,348

    Employees 2,384 2,677 2,861 2,827 2,975 3,059 2,859 2,793 2,925

    3,002

                       

     

    Earnings per ordinary share (Note 1) 6.44p 7.01p 6.87p 7.91p 6.08p 8.91p 8.58p 7.76p 6.09p

    7.97p

    Earnings per ordinary share before goodwill amortisation and exceptional items (Note 1) 6.44p 7.01p 8.26p 7.99p 8.41p 9.34p 9.10p 8.55p 9.44p

    9.42p

    Year on year increase/(decrease) in earnings per ordinary share before goodwill amortisation and exceptional items 15.2% 8.9% 17.8% (3.3%) 5.3% 11.1% (2.6%) (6.0%) 10.4%

    (0.2%)

    Net tangible assets per ordinary share (Note 1) 21.7p 22.5p 27.1p 28.2p 24.9p 27.7p 32.2p 23.8p 26.2p

    21.9p

    Year on year increase/(decrease) in net tangible assets per ordinary share 21.2% 3.7% 20.4% 4.1% (11.7%) 11.2% 16.2% (26.1%) 10.17%

    (16.4%)

    Return on sales (Note 2) 19.4% 18.5% 19.8% 19.2% 18.7% 18.5% 18.0% 17.4% 17.2%

    16.8%

    Return on capital employed (Note 3) 43.3% 45.7% 43.1% 41.0% 48.7% 49.7% 41.1% 53.5% 52.4%

    62.4%

    Year on year increase in dividends per ordinary share 20% 20% 20% 20% 20% 15% 15% 10% 7%

    5%

                       

     

    Ordinary share price at financial year end (Note 1) 138p 134p 124p 92p 95p 129p 164p 114p 149p

    161p

    Market capitalisation at financial year end £492.1m £479.2m £447.3m £330.6m £340.1m £465.7m £598.2m £416.7m £546.5m

    £593.8m


    Earnings per share
    (before goodwill amortisation
    and exceptional items)

    Return on capital employed



    Overseas sales




    Notes:

    1. Restated for the capitalisation issue made in 1997.
    2. Return on sales is defined as profit before taxation, goodwill amortisation and exceptional items expressed as a % of turnover.
    3. Return on capital employed is defined as profit before taxation, goodwill amortisation and exceptional items expressed as a % of net tangible assets (being equity shareholders' funds less intangible assets).
    4. Figures prior to 2000/01 have not been restated for the adoption of FRS 19 (Deferred Taxation).

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