 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
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|
2003
£M |
|
|
|
2002
£M |
|
|
|
2001
£M |
|
|
|
2000
£M |
|
|
|
1999
£M |
|
|
|
|
|
|
|
|
|
|
|
Turnover
RS/Allied |
743.7 |
|
|
|
759.6 |
|
|
|
823.9 |
|
|
|
711.2 |
|
|
|
621.2 |
|
|
|
|
|
|
Pact |
— |
|
|
|
— |
|
|
|
31.2 |
|
|
|
50.2 |
|
|
|
55.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Group |
743.7 |
|
|
|
759.6 |
|
|
|
855.1 |
|
|
|
761.4 |
|
|
|
677.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit
RS/Allied (including Groupwide process costs) |
102.1 |
|
|
|
108.7 |
|
|
|
130.9 |
|
|
|
118.3 |
|
|
|
103.2 |
|
|
|
|
|
|
Pact |
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.5 |
|
|
|
2.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit – before amortisation of goodwill |
102.1 |
|
|
|
108.7 |
|
|
|
130.9 |
|
|
|
118.8 |
|
|
|
106.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortisation of goodwill |
(11.3 |
) |
|
|
(12.0 |
) |
|
|
(11.6 |
) |
|
|
(8.0 |
) |
|
|
— |
|
|
|
|
|
|
Exceptional loss on closure |
— |
|
|
|
— |
|
|
|
(6.9 |
) |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
Net interest (payable) receivable |
(1.2 |
) |
|
|
(3.2 |
) |
|
|
(6.8 |
) |
|
|
(3.5 |
) |
|
|
6.4 |
|
|
|
|
|
|
|
Profit before taxation |
89.6 |
|
|
|
93.5 |
|
|
|
105.6 |
|
|
|
107.3 |
|
|
|
112.4 |
|
|
|
|
|
|
|
|
|
|
Profit before taxation and exceptional loss |
89.6 |
|
|
|
93.5 |
|
|
|
112.5 |
|
|
|
107.3 |
|
|
|
112.4 |
|
|
|
|
|
|
Profit before taxation, exceptional loss and goodwill amortisation |
100.9 |
|
|
|
105.5 |
|
|
|
124.1 |
|
|
|
115.3 |
|
|
|
112.4 |
|
|
|
|
|
|
|
|
|
|
Taxation |
(29.3 |
) |
|
|
(30.6 |
) |
|
|
(34.6 |
) |
|
|
(33.4 |
) |
|
|
(36.0 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Profit after taxation |
60.3 |
|
|
|
62.9 |
|
|
|
71.0 |
|
|
|
73.9 |
|
|
|
76.4 |
|
|
|
|
|
|
Dividends |
(73.9 |
) |
|
|
(69.2 |
) |
|
|
(59.8 |
) |
|
|
(51.9 |
) |
|
|
(45.1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Retained (loss) profit |
(13.6 |
) |
|
|
(6.3 |
) |
|
|
11.2 |
|
|
|
22.0 |
|
|
|
31.3 |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Goodwill |
176.6 |
|
|
|
208.5 |
|
|
|
219.7 |
|
|
|
205.7 |
|
|
|
— |
|
|
|
|
|
|
Net (debt) funds |
(46.9 |
) |
|
|
(53.0 |
) |
|
|
(75.5 |
) |
|
|
(95.8 |
) |
|
|
120.6 |
|
|
|
|
|
|
Other net assets |
258.5 |
|
|
|
256.6 |
|
|
|
270.7 |
|
|
|
264.6 |
|
|
|
232.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets employed |
388.2 |
|
|
|
412.1 |
|
|
|
414.9 |
|
|
|
374.5 |
|
|
|
353.3 |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Number of shares in issue (million)
Weighted average |
434.8 |
|
|
|
434.1 |
|
|
|
433.1 |
|
|
|
431.4 |
|
|
|
429.4 |
|
|
|
|
|
|
Year end |
435.2 |
|
|
|
435.0 |
|
|
|
434.2 |
|
|
|
433.5 |
|
|
|
431.1 |
|
|
|
|
|
|
Dividends per share |
17.0 |
p |
|
|
15.9 |
p |
|
|
13.8 |
p |
|
|
12.0 |
p |
|
|
10.5 |
p |
|
|
|
|
|
Earnings per share (before amortisation of goodwill and exceptional loss) |
16.5 |
p |
|
|
17.3 |
p |
|
|
20.2 |
p |
|
|
19.0 |
p |
|
|
17.8 |
p |
|
|
|
|
|
Profit before taxation and exceptional loss on net assets |
23.1 |
% |
|
|
22.7 |
% |
|
|
27.1 |
% |
|
|
28.7 |
% |
|
|
31.8 |
% |
|
|
|
|
|
Average number of employees |
5,028 |
|
|
|
4,974 |
|
|
|
5,041 |
|
|
|
4,704 |
|
|
|
4,302 |
|
|
|
|
|
|
Share price at 31 March |
257.0 |
p |
|
|
478.0 |
p |
|
|
548.0 |
p |
|
|
636.0 |
p |
|
|
465.0 |
p |
|
|
|
|
|
Net asset value per share |
89.2 |
p |
|
|
94.7 |
p |
|
|
95.6 |
p |
|
|
86.4 |
p |
|
|
82.0 |
p |
|
|
|
|
|
|
|
