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Business and financial review

We are protecting lives
and improving the
quality of life for people
worldwide.

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Financial highlights

Change 2006 2005
(restated)
Continuing Operations
Revenue +16% £310.8m £268.7m
Adjusted profit before taxation(1) +20% £58.1m £48.3m
Statutory profit before taxation +18% £56.6m £48.0m
Adjusted earnings per share(2) +20% 11.01p 9.16p
Statutory earnings per share +18% 10.73p 9.10p
Total dividends (paid and proposed) per share +5% 6.83p 6.50p
Return on sales(3) 18.7% 18.0%
Return on total invested capital(4) 12.8% 12.1%
Return on capital employed(4) 56.9% 48.8%

The comparative figures for the 52 weeks to 2 April 2005 have been restated to reflect the adoption of International Financial Reporting Standards. See note 29 for details.

Pro-forma information:
(1) Adjusted to remove the amortisation of acquired intangible assets of £1,500,000 (2005: £343,000).
(2) Adjusted to remove the amortisation of acquired intangible assets. See note 2 for details.
(3) Return on sales is defined as adjusted(1) profit before taxation from continuing operations expressed as a percentage of revenue from continuing operations.
(4) Organic growth rates, return on total invested capital and return on capital employed are non-GAAP performance measures used by management in measuring the returns achieved from the Group’s asset base. See note 3 for details.

Profit Highlights Revenue Highlights ROTIC Highlights Dividends Highlights


* Revenue and profit include the results of the discontinued activities up to the date of discontinuance. Profit is before amortisation of acquired intangibles/goodwill. Figures prior to 2005 have not been restated for IFRS.
** Return on Total Invested Capital ("ROTIC") prior to 2005 has not been restated for IFRS.
*** Dividends paid and proposed.