Accounting Policies and Notes
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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.
* 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.