Accounting Policies and Notes
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Change | 2007 | 2006 | |
Continuing Operations | |||
Revenue | +14% | £354.6m | £310.8m |
Adjusted profit before taxation(1) | +14% | £66.1m | £58.1m |
Statutory profit before taxation | +11% | £62.6m | £56.6m |
Adjusted earnings per share(2) | +14% | 12.50p | 11.01p |
Statutory earnings per share | +11% | 11.86p | 10.73p |
Total dividends (paid and proposed) per share | +5% | 7.18p | 6.83p |
Return on sales(3) | 18.6% | 18.7% | |
Return on total invested capital(4) | 14.0% | 12.8% | |
Return on capital employed(4) | 60.1% | 56.9% |
Pro-forma information:
(1) Adjusted to remove the amortisation of acquired intangible assets of £3,458,000 (2006: £1,500,000).
(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 discontinued operations up to the date of their discontinuance. Profit is before amortisation of acquired intangibles/goodwill
and taxation. Figures prior to 2005 have not been restated for IFRS.
** Figures prior to 2005 have not been restated for IFRS.
*** Dividends paid and proposed.