Annual Report and Accounts 2001
Contents
Chairman's Statement
Chief Executive's Review
Finance Director's Review
Camping Division
Hotel Breaks
Adventure Holidays
Directors' Report
Investor Relations
Directors and Advisors
Corporate Governance
Internal Control
Other Information
Remuneration Committee
Report Share Option Schemes
Report by the Auditors
Consolidated Profit & Loss Account
Balance Sheets
Consolidated Cashflow Statement
Statement of Accounting Policies
Notes to the Accounts
Notice of Annual General Meeting
Holiday Brochure Requests
Directors' Report

Directors' Report

Shares by size of registered holding
(at 15 December 2001)
 
No. of
Number of
% of
 
Holders
shares
Total
Up to 1,000
1,366
533,075
1.15%
1,001 - 10,000
370
909,456
1.96%
10,001 - 50,000
61
1,279,272
2.76%
50,001 - 100,000
29
2,088,712
4.50%
100,001 - 500,000
30
7,059,724
15.21%
Over 500,000
31
34,539,004
74.42%
Total 1,887 46,409,243 100%

The directors present their annual report on the affairs of the Group, together with the financial statements and auditors’ report, for the year ended 30 September 2001.

FINANCIAL CALENDAR

Annual General Meeting
26 February 2002
Results
Announcement of half year results to 31 March 2002
May 2002
Announcement of annual results to 30 September 2002
December 2002
Dividend
Final dividend
(for year to 30 September 2001)
- ex-dividend
20 March 2002
- payable
23 April 2002
Interim dividend

(for year to 30 September 2002)

August 2002

Principal Activities and Business Review

The Company acts as the holding company for Eurocamp Travel Limited, Eurocamp Travel GmbH, Eurocamp Travel (Schweiz) AG, Camping in Comfor t BV, Keyline Continental Limited, Superbreak Mini Holidays Group Limited, Explore Worldwide Limited, Regal Diving & Tours Limited and their subsidiar y undertakings. The principal activities of the Group are the provision of camping holidays including the hiring-out of fully equipped tents and mobile-homes on camp-sites throughout Europe, the provision of hotel short-breaks in the UK and continental Europe and worldwide adventure and activity holidays.

A detailed review of operations is included on pages 4 to 13.

Results and Dividends

The profit after taxation for the year ended 30 September 2001 amounted to £15,354,000 (year ended 30 September 2000 - restated £13,990,000). The directors recommend a final dividend of 12.60p (2000 - 11.20p) per ordinary share which, together with the interim dividend of 5.40p (2000 - 4.80p), represents a total of 18.00p per ordinary share (2000 - 16.00p).

It is proposed that the retained profit of £7,011,000 (2000 - restated £6,265,000) be transferred to reserves.

 

Substantial Shareholdings    
As at 15 December 2001 the directors were aware of the following interests of over 3% of the
Company's issued share capital:
Number of
% of share
 
Shares
capital
CGNU plc/Morley Fund Management Limited
5,964,064
12.85
Schroder Investment Management Limited
4,265,624
9.19
Zurich Financial Services Group (Scudder Threadneedle)
3,971,831
8.56
Aberforth Partners
3,530,000
7.61
Standard Life Group
3,465,180
7.47
Fidelity International Limited
2,568,436
5.53
Edinburgh Fund Managers
2,390,858
5.15
Legal & General Investment Management Limited
2,102,336
4.53
Deutsche Asset Management
1,866,861
4.02
Friends Ivory & Sime
1,700,841
3.67
Barclays plc
1,583,216
3.41
Montanaro Investment Management
1,455,000
3.14
AEGON UK plc (Scottish Equitable)
1,419,197
3.06
 
Some substantial shareholdings are split into more than one registered holding.
Directors' Report