Year Summary

Year ended 31 December

IFRS
2011
£m

IFRS
2010
£m

IFRS
2009
£m

IFRS
2008
£m

IFRS
2007
£m

Revenue

2,238.0

2,125.9

2,711.1

2,767.0

2,612.3

Normalised* operating profit

225.2

204.2

159.8

253.9

210.4

Group operating profit/(loss)

174.4

85.9

(0.6)

167.8

161.7

Profit/(loss) before tax

129.4

40.2

(83.5)

109.9

149.3

Statistics

Basic earnings/(loss) per share¹

19.9p

12.0p

(17.6p)

40.4p

35.9p

Normalised* diluted earnings per share¹

26.9p

23.5p

30.4p

48.6p

43.6p

Dividends per share - declared

9.50p

6.00p

-

22.72p

37.96p

Net (debt)/funds

Cash at bank and in hand

92.5

128.8

105.8

105.9

157.2

Other debt receivable

0.7

0.7

0.8

0.9

-

Loan notes

-

-

-

(0.8)

(0.8)

Bonds

(583.4)

(565.6)

-

-

-

Bank and other loans

(7.9)

(39.8)

(687.7)

(1,150.8)

(947.4)

Fair value of bond hedging derivatives

16.4

(1.1)

-

-

-

Finance lease obligations

(151.3)

(131.6)

(75.6)

(133.9)

(119.8)

Other debt payable

(0.7)

(1.8)

(1.2)

(1.1)

-

Net debt

(633.7)

(610.4)

(657.9)

(1,179.8)

(910.8)

Net assets

965.4

939.8

842.3

585.4

437.0

Capital employed

1,599.1

1,550.2

1,500.2

1,765.2

1,347.8

Return on capital (pre-tax)**

14.1%

13.2%

10.7%

14.4%

15.6%

Return on equity

Normalised* profit for the year

138.7

121.3

93.2

144.6

128.9

Intangible amortisation (post tax)

(36.1)

(40.0)

(40.6)

(39.5)

(22.1)

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

102.6

81.3

52.6

105.1

106.8

Total equity

965.4

939.8

842.3

585.4

437.0

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

10.6%

8.7%

6.2%

18.0%

24.4%