Financial results
|
IFRS |
UK GAAP |
||||
|
2008 |
2007 |
2006 |
2005 |
20041 |
|
|
£m |
£m |
£m |
£m |
£m |
|
|
Revenue |
341.6 |
275.7 |
199.4 |
169.2 |
140.6 |
|
Adjusted operating profit 2 |
36.4 |
30.4 |
22.5 |
18.7 |
15.7 |
|
Profit before tax |
1.6 |
14.5 |
14.2 |
13.5 |
10.7 |
|
Basic adjusted earnings per share 2 |
27.92p |
26.26p |
21.47p |
17.75p |
15.36p |
|
Basic earnings per share |
(4.98)p |
20.27p |
18.02p |
17.48p |
13.46p |
|
Dividends per share |
|
|
|
|
|
Notes
1. The results shown in the table have not been restated under adopted IFRS. The principal adjustments that would be required to restate the UK GAAP results to adopted IFRS would be: the cessation of goodwill amortisation and provision of intangible asset amortisation; inclusion of the pension deficit; additional equity‑settled share‑based payments expense; the joint venture presentational adjustment which presents joint venture taxation and interest within operating profit; and the cessation of accruing for proposed dividends.
2. Adjusted operating profit is adjusted for integration and restructuring costs (2007), profit on Richmond property disposal (2006), amortisation of intangible assets (2008, 2007, 2006, 2005), impairment of goodwill and intangible assets (2008, 2006), joint venture net financing costs and taxation (2008, 2007, 2006, 2005), and amortisation of goodwill (2004). Basic adjusted earnings per share are also adjusted for the post taxation effects of these items.
3. Under adopted IFRS the final proposed dividend was not included as a liability in the balance sheet, in accordance with IAS 10 “Events After the Balance Sheet Date”.
