Financial Highlights

Five year financial record

Income statement 2018
$’000
2017
$’000
2016
$’000
2015
$’000
2014
$’000
Revenue 738,418 627,518 558,223 497,219 415,773
           
Underlying* operating profit 45,359 42,029 37,947 33,215 27,093
Defined benefit pension scheme administration costs (316) (291) (311) (394) (544)
Exceptional items (721) (454) (2,940) (858) (2,407)
Operating profit 44,322 41,284 34,696 31,963 24,142
Finance income 250 3 22 37 107
Finance costs (23) (125) (46) (7) (7)
Net pension finance charge (403) (503) (521) (836) (903)
Profit before tax 44,146 40,659 34,151 31,157 23,339
Taxation (8,952) (11,734) (9,672) (8,462) (6,982)
Profit from continuing operations 35,194 28,925 24,479 22,695 16,357
Profit/(loss) from discontinued operations - - - - 1,381
Profit for the period 35,194 28,925 24,479 22,695 17,738

*Underlying has been restated to include share option charges

Basic earnings per ordinary share 125.61c 103.15c 87.27c 81.26c 59.73c
Dividend per share – paid and proposed 70.00c 118.10c 52.50c 38.89c 32.41c
           
Balance sheet 2018
$’000
2017
$’000
2016
$’000
2015
$’000
2014
$’000
Non-current assets (excluding deferred tax) 20,096 19,967 20,020 19,365 10,403
Deferred tax assets 5,636 5,912 5,030 4,388 4,794
Net current assets 33,482 35,083 25,299 28,781 23,186
Retirement benefit obligations (15,016) (18,106) (19,290) (23,114) (24,015)
Other liabilities (931) (763) (1,734) (968) (298)
Shareholders’ equity 43,267 42,093 29,325 28,452 14,070
           
Net cash 27,484 30,767 21,683 18,381 18,301