Five year summary

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Five year summary

	2021 £m	2020 £m	2019 £m	2018 £m	2017 £m
Revenue	615.8	598.0	719.7	728.6	690.2
Profit:
Headline operating profit	94.8	75.3	134.9	140.7	123.9
Amortisation of acquired intangible assets	(10.3)	(9.8)	(4.6)	(3.7)	(4.5)
Acquisition costs	(0.7)	(2.1)	(1.7)	(0.5)	–


Operating profit prior to exceptional items	83.3	63.4	128.6	136.5	119.4
Exceptional items	–	(58.4)	–	–	–



Operating profit	83.8	5.0	128.6	136.5	119.4
Net finance costs	(6.3)	(6.5)	(4.7)	(4.3)	(2.4)


(Loss)/profit before taxation	77..5	(1.5)	123.9	132.2	117.0
Taxation	(17.5)	2.3	(29.9)	(28.6)	(19.7)


Profit after taxation	60.0	0.8	94.0	103.6	97.3
Non-controlling interests	(0.5)	(0.4)	(0.2)	(0.4)	(0.2)
Profit attributable to the equity holders of the parent	59.5	0.4	93.8	103.2	97.1

Headline earnings per share (pence)	35.8	27.8	52.1	55.9	49.2
Dividend per share (pence)	20.0	19.4	19.3	19.0	17.4
Special dividend per share (pence)	–	–	–	20.0	25.0


Assets employed
Intangible assets	322.0	323.5	212.4	206.9	201.0
Property, plant and equipment	489.3	522.6	534.5	546.6	520.5
Other assets and liabilities	(9.5)	(66.6)	17.4	9.9	(63.6)

	801.8	779.5	764.3	763.4	657.9

Financed by
Share capital	33.1	33.1	33.1	33.1	33.1
Reserves	489.3	647.4	671.9	685.5	663.9

Shareholders’ funds	684.7	680.5	705.0	718.6	697
Non-controlling interests	0.7	0.9	0.8	0.7	0.5
Lease liabilities	64.5	75.6	79.4	80.3	–
Net cash	51.9	22.5	(20.9)	(36.2)	(39.6)
Capital employed	801.8	779.5	764.3	763.4	657.9
Net assets per share (pence)	357.6	355.4	368.2	375.3	364.1
Return on capital employed:
Headline operating profit divided by the average of opening and closing capital employed	12.0%	9.80%	17.70%	18.90%	19.30%

1 Restated following adoption of IFRS 16, Leases on 1 January 2018.

2 Periods prior to the adoption of IFRS 16, Leases on 1 January 2018 have not been restated.

Five year summary

	2021 £m	2020 £m	2019 £m	2018 £m	2017 £m
Revenue	615.8	598.0	719.7	728.6	690.2
Profit:
Headline operating profit	94.8	75.3	134.9	140.7	123.9
Amortisation of acquired intangible assets	(10.3)	(9.8)	(4.6)	(3.7)	(4.5)
Acquisition costs	(0.7)	(2.1)	(1.7)	(0.5)	–


Operating profit prior to exceptional items	83.3	63.4	128.6	136.5	119.4
Exceptional items	–	(58.4)	–	–	–



Operating profit	83.8	5.0	128.6	136.5	119.4
Net finance costs	(6.3)	(6.5)	(4.7)	(4.3)	(2.4)


(Loss)/profit before taxation	77..5	(1.5)	123.9	132.2	117.0
Taxation	(17.5)	2.3	(29.9)	(28.6)	(19.7)


Profit after taxation	60.0	0.8	94.0	103.6	97.3
Non-controlling interests	(0.5)	(0.4)	(0.2)	(0.4)	(0.2)
Profit attributable to the equity holders of the parent	59.5	0.4	93.8	103.2	97.1

Headline earnings per share (pence)	35.8	27.8	52.1	55.9	49.2
Dividend per share (pence)	20.0	19.4	19.3	19.0	17.4
Special dividend per share (pence)	–	–	–	20.0	25.0


Assets employed
Intangible assets	322.0	323.5	212.4	206.9	201.0
Property, plant and equipment	489.3	522.6	534.5	546.6	520.5
Other assets and liabilities	(9.5)	(66.6)	17.4	9.9	(63.6)

	801.8	779.5	764.3	763.4	657.9

Financed by
Share capital	33.1	33.1	33.1	33.1	33.1
Reserves	489.3	647.4	671.9	685.5	663.9

Shareholders’ funds	684.7	680.5	705.0	718.6	697
Non-controlling interests	0.7	0.9	0.8	0.7	0.5
Lease liabilities	64.5	75.6	79.4	80.3	–
Net cash	51.9	22.5	(20.9)	(36.2)	(39.6)
Capital employed	801.8	779.5	764.3	763.4	657.9
Net assets per share (pence)	357.6	355.4	368.2	375.3	364.1
Return on capital employed:
Headline operating profit divided by the average of opening and closing capital employed	12.0%	9.80%	17.70%	18.90%	19.30%

1 Restated following adoption of IFRS 16, Leases on 1 January 2018.

2 Periods prior to the adoption of IFRS 16, Leases on 1 January 2018 have not been restated.