5 year financial summary

Group income statement 2012
£m
2013
£m
2014
£m
2015
£m
2016
£m
Revenue
Continuing operations 712.0 775.1 820.8 849.5 917.0
Discontinued operations 17.8
729.8 775.1 820.8 849.5 917.0
Adjusted operating profit
Continuing operations 100.6 107.6 111.6 107.8 85.6
Discontinued operations 0.8
101.4 107.6 111.6 107.8 85.6
Amortisation of intangible assets from acquisitions (4.3) (4.2) (7.2) (12.2) (19.8)
Loss on sale and write-down of fixed assets (0.1) (1.5)
Goodwill impairment (12.7) (9.4) (18.8)
Impairment of assets held for sale (1.8)
Acquisition costs (0.6) (0.4) (0.6) (1.2)
Write-down of L85 inventory (1.8)
Restructuring costs (1.9) (1.5)
Exceptional pension (charge)/credit (1.9) 1.1 (1.5)
Reversal of contingent consideration payable 3.8
Operating profit 94.5 93.3 89.6 72.3 65.8
Investment income/finance costs, net (7.7) (8.1) (8.1) (8.0) (10.1)
Net finance cost of retirement benefit obligations (2.6) (1.4) (0.9) (0.5) (0.2)
Profit on disposal of discontinued operations 2.5
Profit before tax 86.7 83.8 80.6 63.8 55.5
Tax (16.8) (12.4) (17.1) (15.3) (10.1)
Profit for the year 69.9 71.4 63.5 48.5 45.4
Depreciation and amortisation of intangibles 25.1 26.5 32.1 40.0 54.0
Gross capital expenditure (including finance lease assets) 26.1 29.7 31.1 48.6 52.8
Basic earnings per share 17.11p 17.22p 15.25p 11.59p 10.84p
Diluted earnings per share 16.69p 17.00p 15.06p 11.47p 10.83p
Adjusted earnings per share 17.75p 19.00p 19.84p 18.98p 14.37p
Dividends in respect of years – per share 4.65p 5.12p 5.63p 6.20p 6.57p
Dividends in respect of years – value 19.3 21.3 23.5 26.0 27.5
Group balance sheets
Non-current assets 387.4 393.6 466.4 572.4 647.0
Net current assets 94.8 101.1 84.4 98.3 94.0
Non-current liabilities (169.3) (133.2) (139.2) (239.8) (240.5)
Net assets 312.9 361.5 411.6 430.9 500.5
Net borrowings (70.0) (59.2) (105.0) (194.6) (198.1)
Group cash flow
Net cash from operating activities 83.3 92.4 88.6 99.4 100.3
Interest received 0.3 0.2 0.1 0.2 0.2
Proceeds from disposal of property, plant and equipment 0.1 0.9 0.2 0.7 0.8
Purchase of property, plant and equipment – cash (25.3) (28.7) (29.6) (46.4) (50.7)
Purchase of intangible assets (0.8) (1.0) (1.5) (2.2) (2.1)
Free cash flow 57.6 63.8 57.8 51.7 48.5
Dividends paid (16.4) (19.9) (21.9) (24.3) (26.4)
Acquisitions less disposals (23.6) (30.5) (60.1) (103.9) 1.3
Investment in joint venture (0.9) (0.5)
Loan to joint venture (1.1) (0.1) 0.5
Share issues 2.3 0.1 1.1
Purchase of shares held by employee benefit trust (1.0) (0.9) (0.7) (0.9) (1.1)
(Decrease)/increase in loans (0.2) (0.2) (18.4) 81.7 (19.5)
Decrease in finance leases (0.6) (0.5) (1.4) (0.6) (0.8)
Increase/(decrease) in cash and cash equivalents 17.2 11.4 (44.7) 3.6 2.5