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At a Glance
Financial Highlights
Chairman’s Statement
Group Business Review
Directors’ Report
Report of the Audit Committee
Board Report on Remuneration
Board of Directors and Advisors
Independent Auditors’ Report – Group Financial Statements
Consolidated Income Statement
Consolidated Balance Sheet
Consolidated Cash Flow Statement
Consolidated Statement of Recognised Income and Expense
Group Accounting Policies
Notes to the Group Financial Statements
Five Year Summary
Company Balance Sheet
Independent Auditors’ Report – Company Financial Statements
Company Accounting Policies
Notes to the Company Financial Statements
Principal Subsidiary Undertakings
Financial Calendar and Shareholder Information
Consolidated Income Statement
for the year ended 31 December 2007
2007
2006
Note
£m
£m
Revenue
631.4
510.3
Existing operations
9.1
48.3
Acquisitions
640.5
558.6
1
Operating profit
3
Existing operations
77.5
51.3
Acquisitions
1.2
7.2
Share of results of associates
0.1
0.3
13
78.8
58.8
Operating profit prior to exceptional items
91.3
79.1
Amortisation/impairment of acquired intangible fixed assets
(1.9)
(1.0)
11
Impairment of goodwill
(7.2)
(6.0)
10
Major facility closure costs
(5.4)
(5.0)
Impairment of investment in associate
–
(8.3)
Change to pension scheme rules
4.1
–
Bid response costs
(2.1)
–
Operating profit
78.8
58.8
Investment revenue
3.3
3.4
5
Finance costs
(13.6)
(15.6)
6
Profit before taxation
68.5
46.6
Taxation
(14.7)
(2.7)
7
Profit for the year
53.8
43.9
Attributable to:
Equity holders of the parent
52.8
43.1
Minority interest
1.0
0.8
53.8
43.9
Pence
Pence
Earnings per share
9
From continuing operations:
Basic
16.6
13.4
Basic-diluted
16.6
13.4
All activity arose from continuing operations.