National Express Group plc Annual Report and Accounts 2010

Annual Report and Accounts 2010

Five year summary

 

Year ended 31 December

IFRS
2010
£m

IFRS
2009
£m

IFRS
2008
£m

IFRS
2007
£m

IFRS
2006
£m

Revenue

2,125.9

2,711.1

2,767.0

2,612.3

2,525.5

Normalised* operating profit

204.2

159.8

253.9

210.4

184.8

Group operating (loss)/profit

85.9

(0.6)

167.8

161.7

141.6

Profit/(loss) before tax

40.2

(83.5)

109.9

149.3

104.1

Statistics

 

 

 

 

 

Basic earnings/(loss) per share1

12.0

(17.6p)

40.4p

35.9p

26.3p

Normalised* diluted earnings per share1

23.5

30.4p

48.6p

43.6p

39.7p

Dividends per share

22.72p

37.96p

34.75p

Net (debt)/funds

 

 

 

 

 

Cash at bank and in hand

128.8

105.8

105.9

157.2

143.6

Other debt receivable

0.7

0.8

0.9

Loan notes

(0.8)

(0.8)

(0.8)

Bonds

(565.6)

Bank and other loans

(39.8)

(687.7)

(1,150.8)

(947.4)

(478.1)

Fair value of bond hedging derivatives

(1.1)

Bank overdrafts

Finance lease obligations

(131.6)

(75.6)

(133.9)

(119.8)

(103.1)

Other debt payable

(1.8)

(1.2)

(1.1)

Net debt

(610.4)

(657.9)

(1,179.8)

(910.8)

(438.4)

Net assets

939.8

842.3

585.4

437.0

345.5

Capital employed

1,550.2

1,500.2

1,765.2

1,347.8

783.9

Return on capital (pre-tax)**

13.2%

10.7%

14.4%

15.6%

23.6%

Return on equity

 

 

 

 

 

Normalised* profit for the year

121.3

93.2

144.6

128.9

116.9

Intangible amortisation (post tax)

(40.0)

(40.6)

(39.5)

(22.1)

(19.6)

Post-tax return (before exceptional items and discontinued operations)

81.3

52.6

105.1

106.8

97.3

Total equity

939.8

842.3

585.4

437.0

345.5

Return on equity (before exceptional items and discontinued operations, post-tax)

8.7%

6.2%

18.0%

24.4%

28.2%

 

*

Normalised results are defined as the statutory results before the following as appropriate: profit or loss on sale of businesses, exceptional profit or loss on sale of non-current assets, intangible amortisation, property, plant and equipment impairments, exceptional items and tax relief on qualifying exceptional items.

**

Normailised operating profit/capital employed.

1

Prior year earnings per share figures have been restated for the effect of the 2009 Rights Issue.