Financial Overview - Financial Information

The data collated here is as collected by Hemscott. Only source materials such as Interim/Preliminary announcements and audited Annual Report & Accounts are used to update the Accounts & Ratios page. Data is uploaded at the end of every day and all accounts comply with the new reporting standard, IFRS. For the convenience of users, we have complied a free downloadable guide to the IFRS standard (PDF).

Term	Definition
Turnover	Turnover, Money received, or to be received, by the business for goods or services sold during the year.as reported in the most recent annual report or for the most recent year end via the preliminary announcement.
Pre-Tax Profit	A company's net profit before deduction of company tax. as reported in the most recent annual report or for the most recent year end via the preliminary announcement.
Norm EPS	Normalised 'Earnings Per Share' for the company divided by the weighted average shares in issue at the year end (x100). See example 1 for more information
DPS	Dividend Per Share - the announced divided paid to each ordinary share holder as reported in the respective years annual report or via the are 5 types of dividend: interim, final, 1st quarter, 3rd quarter and special dividend.
Total Net Fixed Assets	This is generally the net values of intangibles, property, plant and equipment, other fixed assets and fixed investments.
Total Net Current Assets	This is generally current assets minus current liabilities. A negative value for net current assets therefore indicates net current liabilities. Current assets do include work-in-progress, stocks, debtors, short-term investments, and cash.
Total Liabilities	Current liabilities include the total of short-term borrowings, creditors, dividends and taxation payable, and accruals.
Net Borrowings	Gross borrowings minus cash and near-cash assets. If a negative value for net borrowings is shown this indicates a net cash position.
Shareholders Funds	Consists of ordinary capital, plus reserves, plus preference capital - these are taken from the respective balance sheet or the Annual Report & Accounts.
CAPEX PS	Capital expenditure per share is the net cash outflow attributable to investment in fixed assets, other than amounts attributable to property, is divided by the weighted average number of ordinary shares in issue during the year. This is taken from the respective Annual Report & Accounts. See example 2 for more information
Cashflow Per Share	The volume of cash, generated by the normal trading operations of the company, out of which the ordinary dividend must be funded. This is viewed on a per share basis and is taken from the latest Annual Report & Accounts and the weighted average number of ordinary shares in issue. See example 3 for more information
Operating Margin	this is the trading margin for each period reported, showing trading profits as a percentage of sales, or total trading revenues. See example 4 for more information
ROE	Shows the returns achieved on invested equity capital. The return is generally taken to be the normalised earnings, i.e. normalised post tax profit, minority interests and preference dividends. See example 5 for more information
ROCE	Shows the return achieved on invested and borrowed capital (the capital employed). The return is generally taken to be the pre-tax profit earned before charging borrowing costs. See example 6 for more information

Example 1 - Normalised EPS

Earnings per share is the relationship of the profit after tax attributable to each share in issue. Normalised EPS is calculated as follows:

Normalised EPS = normalised earnings / weighted shares in issue

Where Normalised earnings = IIMR headline earnings + exceptional charges1 - exceptional income1

and

IIMR headline earnings = FRS3 earnings2 + non-trading losses1 - non-trading profits1

1 - Net of tax and minority interest adjustments
2 - See entry for normalised EPS Diluted EPS also includes stock options, warrants, and convertible securities to get per-share earnings.

Example 2 - Capex Per Share

Capital Expenditure Per Share
Capital Expenditure/Weighted Average Shares In Issue x 100

Capital Expenditure = Asset Purchases (not property) -
Asset Sales (not property)

Example 3 - Cashflow per share

Cashflow/Average Shares In Issue (During The Financial Year)

Cashflow = Cash from operating activities +
Investment Returns & Servicing of Finance -
Tax Paid

Example 4 - Operating margin

Profit Margin
Operating Profit/Turnover x 100

Operating Profit = Normalised Pre-tax Profit +
Share of Associates Profit +
Net Interest +
Rental Income

Example 5 - ROE

Return On Equity
Return/Invested Equity Capital x 100

Return = Normalised Earnings

Invested Equity Capital = Share Capital & Reserves + Provisions

Example 6 - ROCE

Return on Capital Employed (%)

Return/Capital Employed x 100

Return = Normalised Pre Tax Profit +
Interest Paid

Capital Employed =
Share Capital & Reserves +
Preference Capital +
Minority Interests +
Provisions +
Total Borrowings -
Intangible Assets (Net)

Annualised values

A standard length accounting period is taken to be 12 months or 52 weeks. To enable different periods within the 5-year performance table to be reasonably compared, all relevant values for a non-standard period are arithmetically converted to an annualised basis; this includes the consensus forecasts. For example, a turnover value of £60m for a reported 9-month period, becomes £80m on an annualised basis.

To enable different periods within the 7-year performance table to be reasonably compared, all relevant values for a non-standard period are arithmetically converted to an annualised basis; this includes the consensus forecasts. For example, a turnover value of £60m for a reported 9-month period, becomes £80m on an annualised basis.

Annualised values must, however, be regarded with caution, since they can signify seasonal variations in performance which a year-end change is often intended to smooth out.

The detailed individual broker forecasts, shown separately, are not converted in this way, and remain as reported by each broker (subject to any adjustment for share capital charges). Attention is drawn to footnotes describing the circumstances and period to which individual forecasts relate. Similarly, values given in the shaded panel for last historic normalised EPS, turnover and Pre-tax profit remain as reported by the company. When a suffix indicates a non-standard period, and its length in months, these three values are not annualised.