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SIG plc
Income Statement Summary
IFRS
Continuing operations (*3)
2004
2005
2006
2007
2008
£m's
£m's
£m's
£m's
£m's
Revenue
H1
649.5
737.8
850.6
1,099.1
1,493.7
H2
748.7
833.6
1,009.2
1,356.1
FY
1,398.2
1,571.4
1,859.8
2,455.2
Underlying (*1) operating profit
H1
33.8
42.4
53.6
70.0
84.0
H2
43.2
56.7
67.8
89.4
FY
77.0
99.1
121.4
159.4
Amortisation of
H1
0.0
1.4
3.0
6.1
12.5
H2
0.6
2.3
3.9
11.1
goodwill (UK GAAP) / intangibles (IFRS)
FY
0.6
3.7
6.9
17.2
Impairment of goodwill
H1
-
-
-
-
-
H2
-
5.7
-
-
FY
-
5.7
-
-
Operating profit
H1
33.8
41.0
50.6
63.9
71.5
H2
42.6
48.7
63.9
78.3
FY
76.4
89.7
114.5
142.2
Depreciation
H1
8.3
9.0
10.5
13.5
19.2
H2
9.5
12.3
13.3
16.8
FY
17.8
21.3
23.8
30.3
Underlying EBITDA
H1
42.0
51.4
64.1
83.5
103.2
H2
52.8
69.0
81.1
106.2
FY
94.8
120.4
145.2
189.7
Finance charges
H1
5.6
6.7
9.0
12.1
21.8
H2
5.6
7.8
10.2
16.4
FY
11.2
14.5
19.2
28.5
Finance income
H1
(2.5)
(3.4)
(2.8)
(4.1)
(6.1)
H2
(2.5)
(3.3)
(3.2)
(5.1)
FY
(5.0)
(6.7)
(6.0)
(9.2)
Hedging ineffectiveness
H1
-
(0.3)
(1.2)
(0.2)
0.1
H2
-
(1.6)
(0.2)
(1.2)
FY
-
(1.9)
(1.4)
(1.4)
Underlying profit before tax
H1
30.7
39.1
47.4
62.0
68.3
H2
40.1
52.2
60.8
78.1
FY
70.8
91.3
108.2
140.1
Profit before tax
H1
30.7
38.0
45.6
56.1
55.7
H2
39.5
45.8
57.1
68.2
FY
70.2
83.8
102.7
124.3
Underlying income tax (*2)
H1
9.3
12.7
15.4
18.6
19.8
H2
12.3
15.7
17.1
23.3
FY
21.6
28.4
32.5
41.9
Income tax
H1
9.3
12.3
14.1
16.8
16.1
H2
12.1
15.5
16.8
20.4
FY
21.4
27.8
30.9
37.2
Minority interest
H1
0.3
0.4
0.4
0.6
0.2
H2
0.3
0.6
0.3
0.3
FY
0.6
1.0
0.7
0.9
Profit on sale of USA (inc. tax)
H1
-
-
-
-
-
H2
-
-
2.0
-
FY
-
-
2.0
-
H1
-
1.0
1.6
-
-
USA post tax profits in final periods
H2
-
1.2
1.1
-
FY
-
2.2
2.7
-
Underlying profit attributable
H1
21.1
27.0
33.2
42.8
48.3
to ordinary shareholders
H2
27.5
37.1
44.5
54.5
FY
48.6
64.1
77.7
97.3
Profit attributable to
H1
21.1
26.3
32.7
38.7
39.4
ordinary shareholders
H2
27.1
30.9
43.1
47.5
FY
48.2
57.2
75.8
86.2
*1 - Underlying means stated before amortisation of acquired intangibles, amortisation of goodwill, impairment of goodwill and hedge ineffectiveness.
*2 - Calculated excluding the tax effect of amortisation of intangibles and hedge ineffectiveness.
*3- SIG sold its US business on 20 November 2006. Figures stated are from continuing operations (i.e. excluding the USA business)
*4 - Expense based upon proposed dividends.
Dividends
H1 (pence)
4.6p
5.3p
6.2p
8.0p
8.3p
H1 (expense*4)
5.6
6.4
7.7
10.8
11.2
H2 (pence)
9.4p
11.5p
14.3p
18.7p
H2 (expense *4)
11.4
14.1
17.6
25.2
FY (pence)
14.0p
16.8p
20.5p
26.7p
FY (expense *4)
17.0
20.5
25.3
36.0