| |
| |
| Five Year Record |
 |
|
|
|
|
|
|
|
|
|
|
|
| |
2003
£m |
|
2002
£m |
|
2001
£m |
|
2000
£m |
|
1999
£m |
|
 |
| Profit and Loss Account |
|
|
|
|
|
|
|
|
|
|
| Continuing operations before goodwill amortisation and exceptional
items |
348.1 |
|
213.2 |
|
178.7 |
|
112.5 |
|
108.1 |
|
| Goodwill amortisation |
(36.2 |
) |
(8.0 |
) |
(4.7 |
) |
(1.0 |
) |
(0.8 |
) |
| Exceptional items |
(15.0 |
) |
(12.1 |
) |
(15.0 |
) |
(113.5 |
) |
– |
|
| Discontinued operations |
– |
|
– |
|
– |
|
(34.5 |
) |
0.7 |
|
|
| Pre-tax profit/(loss) |
296.9 |
|
193.1 |
|
159.0 |
|
(36.5 |
) |
108.0 |
|
| Taxation |
(62.3 |
) |
(41.0 |
) |
(34.8 |
) |
(16.7 |
) |
(29.7 |
) |
| Equity minority interests |
(0.1 |
) |
– |
|
– |
|
(1.1 |
) |
(1.9 |
) |
|
| Group profit/(loss) on ordinary activities after tax
and equity minority interests |
234.5 |
|
152.1 |
|
124.2 |
|
(54.3 |
) |
76.4 |
|
| Ordinary dividends |
(75.2 |
) |
(48.4 |
) |
(39.5 |
) |
(33.8 |
) |
(31.8 |
) |
| Demerger dividend in specie |
– |
|
– |
|
– |
|
(60.2 |
) |
– |
|
|
| Retained profit/(loss) |
159.3 |
|
103.7 |
|
84.7 |
|
(148.3 |
) |
44.6 |
|
|
| Funds under management ($m) |
26,104 |
|
10,724 |
|
6,695 |
|
4,675 |
|
3,759 |
|
| Funds under management (£m) |
16,516 |
|
7,534 |
|
4,703 |
|
2,931 |
|
2,329 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Statistics |
|
|
|
|
|
|
|
|
|
|
| Diluted earnings per share on total operations |
75.8p |
|
56.8p |
|
48.1p |
|
(20.2p |
) |
28.6p |
|
| Diluted earnings per share before goodwill and exceptional items
|
91.0p |
|
63.2p |
|
54.9p |
|
32.5p |
|
30.4p |
|
| Diluted underlying earnings per share |
60.7p |
|
45.7p |
|
30.4p |
|
23.2p |
|
20.1p |
|
| Ordinary dividend per share |
23.2p |
|
18.6p |
|
15.5p |
|
13.6p |
|
12.7p |
|
| Net debt |
£15.3m |
|
£40.7m |
|
£35.2m |
|
£61.4m |
|
£546.9m |
|
| Gearing † |
2% |
|
8% |
|
8% |
|
24% |
|
140% |
|
|
| † defined as net
debt divided by shareholders’ funds including minorities. |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
2003
£m |
|
2002
£m |
|
2001
£m |
|
2000
£m |
|
1999
£m |
|
|
| Balance Sheet |
|
|
|
|
|
|
|
|
|
|
| Fixed assets |
678.2 |
|
189.7 |
|
181.3 |
|
87.2 |
|
256.6 |
|
| Current assets |
3,080.0 |
|
1,469.5 |
|
1,069.2 |
|
1,610.6 |
|
1,705.6 |
|
| Creditors and provisions for liabilities and charges |
(2,786.9 |
) |
(1,127.7 |
) |
(817.1 |
) |
(1,447.5 |
) |
(1570.7 |
) |
|
| Net assets |
971.3 |
|
531.5 |
|
433.4 |
|
250.3 |
|
391.5 |
|
|
| Headcount – Continuing operations |
2,347 |
|
1,575 |
|
1,567 |
|
1,405 |
|
1,368 |
|
| |
|
|
|
|
|
|
|
|
|
|
| US dollar exchange rates |
|
|
|
|
|
|
|
|
|
|
| Average |
1.55 |
|
1.43 |
|
1.47 |
|
1.61 |
|
1.65 |
|
| Year-end |
1.58 |
|
1.42 |
|
1.42 |
|
1.60 |
|
1.62 |
|
|
|
| |
|
|
