Consolidated Income Statement
FOR THE YEAR ENDED 31 MARCH
| |
Notes |
2009
Before
exceptional items,
remeasurements
and amortisation of intangibles
£’000 |
2009
Exceptional items,
remeasurements
and amortisation of intangibles*
£’000 |
2009
Total
£'000 |
| Continuing operations |
|
|
|
|
| Revenue |
3
|
256,648 |
— |
256,648 |
| Operating profit/(loss) |
4
|
47,374 |
(50,522) |
(3,148) |
| Analysed as: |
|
|
|
|
| Trading profit |
|
47,374 |
— |
47,374 |
| Restructuring and rationalisation charges |
5
|
— |
(2,878) |
(2,878) |
| Impairment charges |
5
|
— |
(28,299) |
(28,299) |
| Changes in net fair value of derivative financial instruments — non-interest instruments |
5
|
— |
(12,557) |
(12,557) |
| Amortisation of intangible assets on acquisition |
5
|
— |
(6,788) |
(6,788) |
| Net financing costs |
6
|
(9,725) |
(2,499) |
(12,224) |
| Analysed as: |
|
|
|
|
| Financial income |
6
|
1,308 |
— |
1,308 |
| Financial expense |
6
|
(11,033) |
— |
(11,033) |
| Restructuring and rationalisation charges — unamortised debt issuance costs |
5
|
— |
(586) |
(586) |
| Changes in net fair value of derivative financial instruments — interest instruments |
5
|
— |
(1,913) |
(1,913) |
| Profit/(loss) before taxation |
|
37,649 |
(53,021) |
(15,372) |
| Taxation |
10
|
|
|
4,393 |
| Loss after taxation |
|
|
|
(10,979) |
| Discontinued operations |
|
|
|
|
| Post tax results from discontinued operations |
11
|
|
|
(251) |
| Loss for the financial year |
|
|
|
(11,230) |
| Attributable to: |
|
|
|
|
| — Equity Shareholders of the Parent Company |
|
|
|
(11,230) |
| — Minority interests |
|
|
|
— |
| |
|
|
|
(11,230) |
| |
|
|
|
|
| Dividends per 25p ordinary share |
|
|
|
|
| Interim dividend per share |
12
|
|
|
0.80p |
| Final dividend per share |
12
|
|
|
1.60p |
| |
|
|
|
|
| Earnings per 25p ordinary share |
|
|
|
|
| Continuing Operations: |
|
|
|
|
| Basic |
13
|
|
|
(7.47p) |
| Diluted |
13
|
|
|
(7.47p) |
| Discontinued Operations: |
|
|
|
|
| Basic |
13
|
|
|
(0.17p) |
| Diluted |
13
|
|
|
(0.17p) |
| Total Operations: |
|
|
|
|
| Basic |
13
|
|
|
(7.64p) |
| Diluted |
13
|
|
|
(7.64p) |
* Exceptional items relate to restructuring and rationalisation charges and impairment charges. Remeasurements relate to changes in net fair value of derivative financial instruments required under IAS 39. Amortisation of intangibles relate to amortisation of intangible assets on acquisition required under IFRS 3.
| |
Notes |
2008
Before
exceptional items,
remeasurements
and amortisation of
intangibles
£’000 |
2008
Exceptional items,
remeasurements
and amortisation
of intangibles*
£’000 |
2008
Total
£’000 |
| Continuing operations |
|
|
|
|
| Revenue |
3
|
157,946 |
— |
157,946 |
| Operating profit |
4
|
22,366 |
(4,194) |
18,172 |
| Analysed as: |
|
|
|
|
| Trading profit |
|
22,366 |
— |
22,366 |
| Restructuring and rationalisation charges |
5
|
— |
(2,309) |
(2,309) |
| Impairment charges |
5
|
— |
(392) |
(392) |
| Changes in net fair value of derivative financial instruments — non-interest instruments |
5
|
— |
(775) |
(775) |
| Amortisation of intangible assets on acquisition |
5
|
— |
(718) |
(718) |
| Net financing costs |
6
|
(5,319) |
(3,670) |
(8,989) |
| Analysed as: |
|
|
|
|
| Financial income |
6
|
1,960 |
— |
1,960 |
| Financial expense |
6
|
(7,279) |
— |
(7,279) |
| Restructuring and rationalisation charges — unamortised debt issuance costs |
5
|
— |
— |
— |
| Changes in net fair value of derivative financial instruments — interest instruments |
5
|
— |
(3,670) |
(3,670) |
| |
|
|
|
|
| Profit before taxation |
|
17,047 |
(7,864) |
9,183 |
| Taxation |
10
|
|
|
(2,349) |
| Profit after taxation |
|
|
|
6,834 |
| Discontinued operations |
|
|
|
|
| Post tax results from discontinued operations |
11
|
|
|
(1,542) |
| Profit for the financial year |
|
|
|
5,292 |
| Attributable to: |
|
|
|
|
| — Equity Shareholders of the Parent Company |
|
|
|
5,292 |
| — Minority interests |
|
|
|
— |
| |
|
|
|
5,292 |
| |
|
|
|
|
| Dividends per 25p ordinary share |
|
|
|
|
| Interim dividend per share |
12
|
|
|
0.50p |
| Final dividend per share |
12
|
|
|
1.50p |
| |
|
|
|
|
| Earnings per 25p ordinary share |
|
|
|
|
| Continuing Operations: |
|
|
|
|
| Basic |
13
|
|
|
7.18p |
| Diluted |
13
|
|
|
7.14p |
| Discontinued Operations: |
|
|
|
|
| Basic |
13
|
|
|
(1.62p) |
| Diluted |
13
|
|
|
(1.61p) |
| Total Operations: |
|
|
|
|
| Basic |
13
|
|
|
5.56p |
| Diluted |
13
|
|
|
5.53p |
* Exceptional items relate to restructuring and rationalisation charges and impairment charges. Remeasurements relate to changes in net fair value of derivative financial instruments required under IAS 39. Amortisation of intangibles relate to amortisation of intangible assets on acquisition required under IFRS 3.
Annual Report 2009
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