Highlights of the year
Strong growth in comparable pre-tax profits
Strong operating cash performance
Adjusted earnings per share growth impacted by increased tax charge
Full year dividend increased by 23%
Order book at record £7.6bn
Three PPP concessions reach financial close
US civil engineering returns to profit
Financial summary |
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| 2005 | Pro forma 2004 | Percentage Increase/ decrease |
2004 | |||||
| Revenue including joint ventures and associates | £4,938m | £4,239m | 16% | £4,239m | ||||
| Pre-tax profit from continuing operations | ||||||||
| - before exceptional items | £134m | £107m | 25% | £122m | ||||
| - after exceptional items | £141m | £106m | 33% | £120m | ||||
| Earnings per share | ||||||||
| - adjusted* | 24.1p | 22.1p | 9% | 22.5p | ||||
| - basic | 24.9p | 58.7p | (58)% | 57.4p | ||||
| Financing | ||||||||
| - net cash before PFI/PPP subsidiaries (non-recourse) | £315m | £311m | £311m | |||||
| - net borrowings of PFI/PPP subsidiaries (non-recourse) | £(14)m | £(244)m | £(244)m | |||||
| Revenue by destination |  |
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| * before exceptional items and the premium arising on the buy-back of preference shares, and including the results of discontinued operations. † including the impact of IAS 32 and IAS 39 on 2004 numbers. |
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