|
|
|
|
|
2001/02(1) |
|
2001/02(2) |
|
2000/01 |
|
1999/00 |
|
1998/99 |
|
1997/98 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
£m |
|
$m |
|
£m |
|
£m |
|
£m |
|
£m |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net sales |
|
1,578.1 |
|
2,240.9 |
|
1,387.3 |
|
1,136.5 |
|
991.2 |
|
927.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating profit |
|
200.7 |
|
285.0 |
|
178.7 |
|
139.1 |
|
102.3 |
|
90.8 |
|
| Net interest payable |
|
(17.9) |
|
(25.4) |
|
(15.9) |
|
(11.4) |
|
(13.1) |
|
(22.1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Profit before tax |
|
182.8 |
|
259.6 |
|
162.8 |
|
127.7 |
|
89.2 |
|
68.7 |
|
| Taxation |
|
(63.1) |
|
(89.6) |
|
(52.1) |
|
(38.3) |
|
(24.0) |
|
(17.8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Profit for the period |
|
119.7 |
|
170.0 |
|
110.7 |
|
89.4 |
|
65.2 |
|
50.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ordinary dividends paid and
proposed |
|
(30.5) |
|
(43.3) |
|
(27.4) |
|
(24.4) |
|
(16.7) |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings per share(3) |
|
7.1p |
|
$0.10 |
|
6.6p |
|
5.3p |
|
3.9p |
|
3.0p |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital expenditure |
|
59.8 |
|
84.9 |
|
56.2 |
|
39.3 |
|
30.9 |
|
28.6 |
|
| Depreciation and amortisation |
|
34.7 |
|
49.3 |
|
30.6 |
|
27.8 |
|
27.6 |
|
26.9 |
|
| Net assets (as restated)(4) |
|
679.7 |
|
965.2 |
|
565.4 |
|
448.3 |
|
379.6 |
|
330.5 |
|
| Net debt |
|
201.7 |
|
286.4 |
|
229.1 |
|
91.6 |
|
111.5 |
|
157.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Store numbers (at end of period): |
| UK H.Samuel |
|
422 |
|
— |
|
428 |
|
427 |
|
426 |
|
426 |
|
| Ernest Jones |
|
184 |
|
— |
|
177 |
|
179 |
|
180 |
|
172 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
606 |
|
— |
|
605 |
|
606 |
|
606 |
|
598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| US Kay |
|
667 |
|
— |
|
650 |
|
545 |
|
524 |
|
499 |
|
| Jared |
|
55 |
|
— |
|
43 |
|
28 |
|
15 |
|
7 |
|
| Regional |
|
303 |
|
— |
|
306 |
|
254 |
|
249 |
|
262 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
1,025 |
|
— |
|
999 |
|
827 |
|
788 |
|
768 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of employees |
| (full-time equivalents) |
|
13,525 |
|
— |
|
12,520 |
|
11,450 |
|
10,919 |
|
10,940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) 53 week year. The impact of the additional
week on net sales was £22.4m, operating profit £4.0m, net interest
payable £0.4m and profit before tax £3.6m. |
| (2) Amounts in pounds sterling are translated
into US dollars solely for the convenience of the reader, at a rate
of £1.00 to $1.42, the Noon Buying Rate on 1 February 2002. |
| (3) Earnings per share is defined in Definitions.
|
| (4) During the year the Group adopted FRS19
- 'Deferred Tax'. The adoption of the standard has resulted in a prior
year adjustment affecting shareholders' funds for 1997/98, 1998/99,
1999/00, 2000/01 (see note
17). |
The financial data included in the five year financial summary above
has been derived, in part, from the consolidated accounts for such periods
included elsewhere in this Annual Report. The financial data should be
read in conjunction with the accounts, including the notes thereto, and
the Financial review within this Annual
Report.
Further selected financial data
is also provided. The accounts of the Group have been prepared in accordance
with UK GAAP which differ in certain respects from US GAAP. See summary
of differences between UK and US generally accepted accounting principles
for information on the material differences between UK GAAP and US
GAAP that affect the Group's profit and shareholders' funds.
|
