Financial Information
|5 Year Financial Records
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UK GAAP - not restated under IFRS
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2008
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2007
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2006
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2005
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2004
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2003
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£m
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£m
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£m
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£m
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£m
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£m
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| INCOME STATEMENT |
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| Revenue |
702.9
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669.6
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646.3
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595.2
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551.0
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523.1
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| Group operating profit |
132.7
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126.9
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129.0
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121.4
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125.0
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54.8
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| Share of operating profits of joint ventures and associates |
(19.9)
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44.6
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25.2
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3.5
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1.7
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7.0
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| Net financing costs |
(10.0)
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(14.1)
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(24.0)
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(29.1)
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(35.7)
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(43.1)
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| Income tax expense |
(31.9)
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2.1
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(22.1)
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(26.0)
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(31.4)
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(1.9)
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| Profit for period |
70.9
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159.5
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108.1
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69.8
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59.6
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16.8
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| CASHFLOW |
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| Cash generated from operations |
147.1
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160.2
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144.5
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116.1
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122.8
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93.1
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2008
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2007
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2006
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2005
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2004
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2003
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£m
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£m
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£m
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£m
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£m
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£m
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| BALANCE SHEET |
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| Property, plant, equipment and leasehold payment |
2,163.5
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1,799.0
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1,774.5
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2,024.2
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1,898.7
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2,011.4
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| Investments Properties |
79.3
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58.2
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49.6
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48.0
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43.7
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90.3
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| Investments and loans in joint ventures and associates |
338.7
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253.0
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142.0
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55.3
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45.3
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78.3
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| Other financial assets |
6.7
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4.8
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4.5
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2.2
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2.8
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2.8
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| Non-current assets |
2,588.2
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2,115.0
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1,970.6
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2,129.7
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1,990.5
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2,182.8
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| Current assets excluding cash |
132.3
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142.9
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138.2
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113.0
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105.6
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79.4
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| Borrowings net of cash |
(285.1)
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(262.1)
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(260.4)
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(480.4)
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(483.0)
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(685.3)
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| Deferred tax liabilities |
(258.1)
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(205.8)
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(224.6)
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(239.9)
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(208.1)
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(196.9)
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| Provisions and other liabilities |
(296.4)
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(236.3)
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(231.7)
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(144.6)
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(144.0)
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(125.3)
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| NET ASSETS |
1,880.9
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1,553.7
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1,392.1
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1,377.8
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1,261.0
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1,254.7
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| Share capital and share premium |
938.4
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937.7
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936.3
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934.1
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932.0
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930.6
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| Reserves |
799.1
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485.8
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332.8
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316.2
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214.2
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206.9
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| Total equity attribute to equity holders |
1,737.5
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1,423.5
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1,269.1
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1,250.3
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1,146.2
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1,137.5
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| Minority interest |
143.4
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130.2
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123.0
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127.5
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114.8
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117.2
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| TOTAL EQUITY |
1,880.9
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1,553.7
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1,392.1
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1,377.8
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1,261.0
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1,254.7
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| KEY OPERATING STATISTICS |
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UK GAAP - not restated under IFRS
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2008
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2007
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2006
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2005
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2004
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2003
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£m
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£m
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£m
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£m
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£m
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£m
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| Gearing (%) |
16
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18
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21
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38
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42
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53
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| Earnings per share (p) |
21.3
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50.7
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34.5
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21.3
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17.9
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3.9
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| Dividends per share (p) |
6.25
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12.50
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12.50
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7.70
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4.13
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6.25
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| Gross operating profit margin (%) |
38.2
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38.3
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36.0
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34.4
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33.6
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32.1
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| Occupancy (%) |
71.2
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74.1
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74.4
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73.0
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71.8
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65.1
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| Average room rate (£) |
80.32
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71.74
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67.92
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64.01
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60.59
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61.6
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| RevPAR (£) |
57.19
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53.16
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50.53
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46.73
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43.50
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40.10
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It is not possible to show comparative results for a full 5 years because IFRSs accounting policies only came into existence from 1 January 2004, the effective date of transition to IFRSs. Details of previously reported figures are given in note 33 to the 2005 consolidated financial statements.
