 |
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| |
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2002 |
|
|
2001 |
|
2000 |
|
1999 |
|
1998 |
|
|
|
| |
|
|
YEAR ENDED 31 MARCH |
|
|
£M |
|
|
£M |
|
£M |
|
£M |
|
£M |
|
|
|
|
| |
|
|
Turnover |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
RS/Allied |
|
|
759.6 |
|
823.9 |
|
711.2 |
|
621.2 |
|
614.3 |
|
|
|
| |
|
|
Pact |
|
|
- |
|
31.2 |
|
50.2 |
|
55.9 |
|
48.1 |
|
|
|
|
| |
|
|
Group |
|
|
759.6 |
|
|
855.1 |
|
761.4 |
|
677.1 |
|
662.4 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
| |
|
|
Operating profit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
RS/Allied (including Groupwide
process costs) |
|
|
108.7 |
|
130.9 |
|
118.3 |
|
103.2 |
|
110.0 |
|
|
|
| |
|
|
Pact |
|
|
- |
|
- |
|
0.5 |
|
2.8 |
|
2.4 |
|
|
|
|
| |
|
|
Operating profit - before amortisation
of goodwill |
|
|
108.7 |
|
|
130.9 |
|
118.8 |
|
106.0 |
|
112.4 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Amortisation of goodwill |
|
|
(12.0 |
) |
(11.6 |
) |
(8.0 |
) |
- |
|
- |
|
|
|
| |
|
|
Exceptional loss on closure |
|
|
- |
|
(6.9 |
) |
- |
|
- |
|
- |
|
|
|
| |
|
|
Net interest (payable) receivable |
|
|
(3.2 |
) |
(6.8 |
) |
(3.5 |
) |
6.4 |
|
5.8 |
|
|
|
|
| |
|
|
Profit before taxation |
|
|
93.5 |
|
|
105.6 |
|
107.3 |
|
112.4 |
|
118.2 |
|
|
|
|
|
|
|
|
|
Profit before taxation and exceptional
loss |
|
|
93.5 |
|
|
112.5 |
|
107.3 |
|
112.4 |
|
118.2 |
|
|
|
| |
|
Profit before taxation, exceptional
loss and goodwill amortisation |
|
|
105.5 |
|
124.1 |
|
115.3 |
|
112.4 |
|
118.2 |
|
|
|
|
|
| |
|
|
Taxation |
|
|
(30.6 |
) |
|
(34.6 |
) |
(33.4 |
) |
(36.0 |
) |
(37.3 |
) |
|
|
|
| |
|
|
Profit after taxation |
|
|
62.9 |
|
|
71.0 |
|
73.9 |
|
76.4 |
|
80.9 |
|
|
|
| |
|
|
Minority equity interests |
|
|
- |
|
- |
|
- |
|
- |
|
(0.3 |
) |
|
|
|
| |
|
|
Group profit for the year |
|
|
62.9 |
|
|
71.0 |
|
73.9 |
|
76.4 |
|
80.6 |
|
|
|
| |
|
|
Dividends |
|
|
(69.2 |
) |
(59.8 |
) |
(51.9 |
) |
(45.1 |
) |
(38.6 |
) |
|
|
|
| |
|
|
Retained (loss) profit |
|
|
(6.3 |
) |
|
11.2 |
|
22.0 |
|
31.3 |
|
42.0 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Goodwill |
|
|
208.5 |
|
219.7 |
|
205.7 |
|
- |
|
- |
|
|
|
| |
|
|
Net (debt) funds |
|
|
(53.0 |
) |
(75.5 |
) |
(95.8 |
) |
120.6 |
|
87.9 |
|
|
|
| |
|
|
Other net assets |
|
|
256.6 |
|
270.7 |
|
264.6 |
|
232.7 |
|
228.6 |
|
|
|
|
| |
|
|
Net assets employed |
|
|
412.1 |
|
|
414.9 |
|
374.5 |
|
353.3 |
|
316.5 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Number of shares in issue (million)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Weighted average |
|
|
434.1 |
|
433.1 |
|
431.4 |
|
429.4 |
|
427.0 |
|
|
|
| |
|
|
Year end |
|
|
435.0 |
|
434.2 |
|
433.5 |
|
431.1 |
|
428.4 |
|
|
|
| |
|
|
Dividends per share |
|
|
15.9p |
|
13.8p |
|
12.0p |
|
10.5p |
|
9.0p |
|
|
|
| |
|
|
Earnings per share (before amortisation
of goodwill and exceptional loss) |
|
|
17.3p |
|
20.2p |
|
19.0p |
|
17.8p |
|
18.9p |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Profit before taxation and exceptional
loss on net assets |
|
|
22.7% |
|
27.1% |
|
28.7% |
|
31.8% |
|
37.3% |
|
|
|
| |
|
|
Average number of employees |
|
|
4,974 |
|
5,041 |
|
4,704 |
|
4,302 |
|
4,316 |
|
|
|
| |
|
|
Share price at 31 March |
|
|
478.0p |
|
548.0p |
|
636.0p |
|
465.0p |
|
527.5p |
|
|
|
| |
|
|
Net asset value per share |
|
|
94.7p |
|
95.6p |
|
86.4p |
|
82.0p |
|
73.9p |
|
|
|
|
| |
|
|
All four prior years
have been restated in accordance with FRS19 Deferred
tax. |
|
|
|
