5 Year Summary


Income StatementIFRSIFRSIFRSIFRSIFRS
 20092008200720062005
REVENUE101,765105,56498,17992,55578,687
Administrative expenses(93,834)(95,225)(84,672)(81,194)(81,194)
OPERATING PROFIT7,93110,33913,50711,3619,030
Interest payable(106)(100)(46)(153)(118)
Interest receivable1,4452,0782,1511,8251,605
UNDERLYING PROFIT9,27012,31715,61213,03310,517
Profit on disposal of investments(56)801,974948-
PROFIT BEFORE TAX9,21812,39717,58613,98110,517
Taxation(2,746)(3,459)(5,235)(4,377)(3,688)
PROFIT AFTER TAX6,4688,93812,3519,6046,829
Profit attributable to minority interest--22(34)(9)
PROFIT ATTRIBUTABLE TO SHAREHOLDERS6,4688,93812,3739,5706,820
      
BASIC EARNINGS PER SHARE14.6520.7625.9820.4516.18
DILUTED EARNINGS PER SHARE14.6520.0825.0119.6215.47
DIVIDENDS PER SHARE DECLARED FOR THE YEAR8.758.608.106.755.25
      
GROSS MARGIN %9.11%11.67%15.90%14.08%13.37%
      
 
Balance SheetIFRSIFRSIFRSIFRSIFRS
 20092008200720062005
FIXED ASSETS
Goodwill25,45023,23815,43415,60315,575
Intangible assets11,1975,5613,169--
Property, plant and equipment7,7477,4206,1285,4805,995
Deferred tax assets587----
Available for sale investments6,2004,9074,9427,1704,787
 51,18141,12629,67328,25326,357
      
CURRENT ASSETS
Trade and other receivables257,187299,052267,474239,890232,055
Held for trading investments1632,5751,234-1,108
Cash and cash equivalents35,95132,52742,30548,10844,234
 293,301334,154311,013287,998277,397
      
CURRENT LIABILITIES
Financial liabilities(1,749)(519)(881)(1,001)(991)
Trade and other payables(264,363)(297,341)(271,214)(253,190)(249,357)
Current tax liabilities(574)(798)(3,011)(3,099)(2,250)
 (266,686)(298,658)(275,106)(257,290)(252,598)
      
NET CURRENT ASSETS26,61535,49635,90730,70824,799
      
NON-CURRENT LIABILITIES
Financial liabilities(28)(1,404)(97)(556)(600)
Retirement benefit liability(3,894)(1,952)(1,521)(2,429)(111)
Deferred tax liabilities-(195)(36)(504)(831)
Other non-current liabilities(1,724)(1,992)-(100)(1,079)
 (5,646)(5,543)(1,654)(3,589)(2,621)
      
NET ASSETS72,15071,07963,92655,37248,535
      
SHAREHOLDERS' EQUITY
Ordinary shares11,03511,02910,59210,54110,538
Share premium1,8731,855379213
Other reserves2,2952,5092,2893,9552,836
Retained earnings56,85055,58950,56940,67534,928
      
TOTAL SHAREHOLDERS' EQUITY72,05370,98263,82955,19248,332
Minority interest in equity979797180203
      
TOTAL EQUITY72,15071,07963,92655,37248,535
      
NET ASSET VALUE PER SHARE163.47161.11150.55131.34115.15
RETURN ON INVESTMENT12.85%17.33%24.42%23.54%21.67%

**Earnings per share, gross margin and return on investment are all calculated on underlying profit.

The financial information set out in these schedules is unaudited and does not comprise statutory accounts for the purposes of Section 240 of the Companies Act 1985.

Charles Stanley