Consolidated profit and loss account for the year ended 30 September 2002
| |
|
|
2002 |
|
2001 |
|
| |
Note |
|
£’000 |
|
£’000 |
|
|
|
| |
|
|
|
|
|
|
| Turnover |
1 |
|
218,748 |
|
192,489 |
|
| Cost of sales |
|
|
(156,123) |
|
(136,485) |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Gross profit |
|
|
62,625 |
|
56,004 |
|
| |
|
|
|
|
|
|
| Net operating expenses |
|
|
(36,471) |
|
(31,496) |
|
| Operating profit before goodwill amortisation, impairment and exceptional costs |
|
|
29,182 |
|
26,674 |
|
| Goodwill amortisation |
|
|
(1,683) |
|
(1,703) |
|
| Goodwill impairment |
|
|
(1,345) |
|
- |
|
| Exceptional costs |
4 |
|
- |
|
(463) |
|
| |
|
|
|
|
|
|
| Operating profit |
|
|
26,154 |
|
24,508 |
|
| Investment income |
2 |
|
443 |
|
725 |
|
| Interest payable and similar charges |
3 |
|
(2,566) |
|
(3,590) |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Profit on ordinary activities before taxation |
4 |
|
24,031 |
|
21,643 |
|
| Tax on profit on ordinary activities |
6 |
|
(7,120) |
|
(6,289) |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Profit on ordinary activities after taxation |
|
|
16,911 |
|
15,354 |
|
| Dividends paid and proposed |
7 |
|
(9,295) |
|
(8,343) |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Retained profit for the year |
19 |
|
7,616 |
|
7,011 |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Earnings per ordinary share |
8 |
|
|
|
|
|
| Headline earnings per ordinary share |
|
|
42.5p |
|
38.1p |
|
| Basic earnings per ordinary share |
|
|
36.5p |
|
33.4p |
|
| Diluted headline earnings per ordinary share |
|
|
41.5p |
|
37.5p |
|
| Diluted basic earnings per ordinary share |
|
|
35.7p |
|
32.8p |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
All activity is derived from continuing operations.
The accompanying notes are an integral part of this consolidated profit and loss account.
Reconciliation of movements in Group Shareholders’ funds for the year ended 30 September 2002
| |
2002 |
|
2001 |
|
| |
£’000 |
|
£’000 |
|
|
|
| |
|
|
|
|
| Profit for the financial year |
16,911 |
|
15,354 |
|
| Dividends paid and proposed |
(9,295) |
|
(8,343) |
|
| |
| |
|
|
|
|
| |
|
|
|
|
| |
7,616 |
|
7,011 |
|
| New share capital subscribed |
3,216 |
|
1,344 |
|
| Employee share scheme (note
19) |
(1,745) |
|
(222) |
|
| Exchange differences |
14 |
|
(52) |
|
| |
| |
|
|
|
|
| Net addition to shareholders’ funds |
9,101 |
|
8,081 |
|
| Opening equity shareholders’ funds |
27,994 |
|
19,913 |
|
| |
| |
|
|
|
|
| Closing equity shareholders’ funds |
37,095 |
|
27,994 |
|
| |
|
|
|
|
|
