Your toolkit

close

Notes

Close note

 

Five year financial summary

    2007
£m		 20061
£m		 20051
£m		 20041
£m		 20031,2
£m
1 Restated for the discontinuance of the Glass segment.
2 Not restated for IFRS.
3 Based on continuing operations and before exceptional items.
4 Based on continuing operations.
5 Includes proposed final dividends.
6 Interest cover is based on underlying operating profit and net underlying interest expense excluding convertible preference dividends.
Consolidated income statement            
Continuing operations            
Sales   3,611 3,301 2,806 2,601 2,584
Underlying operating expenses   (3,257) (2,926) (2,435) (2,257) (2,294)
Underlying operating profit   354 375 371 344 290
Underlying share of post tax profits of associates   – 1 3 1 –
Retirement benefit obligations net finance cost   (14) (22) (28) (32) (32)
Underlying net interest expense   (95) (90) (76) (64) (72)
Underlying profit before tax   245 264 270 249 186
Exceptional items   15 4 49 (12) (51)
Goodwill amortisation   – – – – (65)
Profit before tax   260 268 319 237 70
Tax   (86) (73) (95) (67) (37)
Profit for the financial year   174 195 224 170 33
Discontinued operations            
Profit/(loss) for the financial year   66 28 (1) 34 (74)
Total profit/(loss) for the financial year   240 223 223 204 (41)
 
Consolidated balance sheet            
Goodwill and other intangible assets   2,204 1,532 1,510 1,292 1,195
Property, plant and equipment   1,322 1,190 1,186 1,157 1,262
Retirement benefit obligations (net of tax)   (128) (365) (548) (538) (496)
Other net (liabilities)/assets   (3) 64 81 51 31
Underlying net assets   3,395 2,421 2,229 1,962 1,992
 
Shareholders’ equity   1,831 1,247 1,009 894 804
Minority interests   2 2 – – 19
Total equity   1,833 1,249 1,009 894 823
Net borrowings   1,562 1,172 1,220 1,068 1,169
Capital employed   3,395 2,421 2,229 1,962 1,992
 
Statistics            
Underlying return on sales3 % 9.8 11.4 13.2 13.2 11.2
Underlying earnings per share3 Pence 28.0 35.6 34.8 31.8 26.6
Basic earnings per share4 Pence 28.3 34.7 40.6 30.0 5.4
Dividends per ordinary share5 Pence 20.0 19.0 18.12 17.25 16.4
Interest cover4,6 Times 4 4 5 5 4
Capital expenditure (gross) £m 311 214 176 174 165
Gearing % 85 94 121 119 142
Average number of employees4 Number 22,300 20,600 17,800 17,800 16,500