| |
Five year summary
|
2001 |
2002 |
2003 |
2004 |
2005 |
| Profit by division |
£m |
£m |
£m |
£m |
£m |
| Continuing operations: |
|
|
|
|
|
| Argos Retail Group |
|
|
|
|
|
| Argos |
169 |
212 |
241 |
298 |
309 |
| Homebase |
- |
- |
2 |
102 |
92 |
| Financial Services |
(6) |
(18) |
(13) |
(5) |
- |
| Wehkamp |
18 |
19 |
20 |
21 |
20 |
|
181 |
213 |
250 |
416 |
421 |
| Experian |
|
|
|
|
|
| Experian North America |
156 |
155 |
171 |
180 |
188 |
| Experian International |
61 |
69 |
85 |
102 |
130 |
|
217 |
224 |
256 |
282 |
318 |
| Burberry |
69 |
90 |
117 |
141 |
166 |
| Central activities (including GGF and gusco.com) |
(3) |
(7) |
(16) |
(20) |
(24) |
|
464 |
520 |
607 |
819 |
881 |
| Discontinued operations: |
|
|
|
|
|
| Argos Retail Group |
36 |
42 |
35 |
- |
- |
| Lewis |
31 |
31 |
32 |
44 |
55 |
| Property |
30 |
25 |
26 |
18 |
- |
| |
97 |
98 |
93 |
62 |
55 |
|
561 |
618 |
700 |
881 |
936 |
| Net interest |
(74) |
(67) |
(58) |
(54) |
(26) |
| Profit before amortisation of goodwill, exceptional
items and taxation |
487 |
552 |
642 |
827 |
910 |
| Amortisation of goodwill |
(92) |
(99) |
(143) |
(193) |
(207) |
| Exceptional items |
(85) |
(72) |
(90) |
58 |
(10) |
| Profit before taxation |
310 |
380 |
409 |
692 |
693 |
| Tax on profit on ordinary activities |
(106) |
(122) |
(141) |
(192) |
(221) |
| Profit after taxation |
204 |
258 |
268 |
500 |
472 |
| Equity minority interests |
- |
(1) |
(17) |
(27) |
(49) |
| Profit for the financial year |
204 |
257 |
251 |
473 |
423 |
|
|
|
|
|
|
| Balance sheet |
£m |
£m |
£m |
£m |
£m |
| Tangible and intangible fixed assets (other than goodwill) |
916 |
1,039 |
1,221 |
1,197 |
1,327 |
| Fixed asset investments |
283 |
278 |
295 |
103 |
114 |
| Working capital |
1,669 |
1,416 |
1,053 |
765 |
978 |
| Trading assets |
2,868 |
2,733 |
2,569 |
2,065 |
2,419 |
| Goodwill |
1,516 |
1,422 |
2,436 |
2,338 |
2,333 |
| Dividends and taxation |
(221) |
(257) |
(286) |
(363) |
(353) |
| Transaction consideration |
(42) |
(22) |
(37) |
131 |
98 |
| Net borrowings (including non-recourse borrowings) |
(1,712) |
(1,485) |
(2,086) |
(1,200) |
(1,427) |
| Net assets |
2,409 |
2,391 |
2,596 |
2,971 |
3,070 |
|
|
|
|
|
|
| Earnings and dividends |
2001 |
2002 |
2003 |
2004 |
2005 |
| Earnings per share |
20.3p |
25.7p |
25.1p |
47.4p |
42.3p |
| Basic earnings per share before amortisation of
goodwill |
|
|
|
|
|
| and exceptional items |
37.2p |
41.7p |
47.8p |
60.7p |
63.8p |
| Dividend per share |
21.0p |
21.7p |
23.3p |
27.0p |
29.5p |
| Dividend cover |
1.77 |
1.92 |
2.05 |
2.25 |
2.16 |
| Interest cover |
7.6 |
9.3 |
12.0 |
16.3 |
33.7 |
Comparative figures have been
restated following the adoption of UITF 38. Balance sheet figures have been
restated but there is no effect on profits.
In the financial statements for the year ended 31 March 2006, the
information in respect of the year ended 31 March 2005 will be reported on an
IFRS basis. The information in respect of the year ended 31 March 2004 and
prior years will continue to be presented on a UK GAAP basis. |
 |
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