| |
 |
| |
2002
£million |
|
2001
£million |
|
2000
£million |
|
1999
£million |
|
1998
£million |
|
|
| Turnover |
|
|
|
|
|
|
|
|
|
|
|
| Chromium |
102.1 |
|
118.9 |
|
124.8 |
|
112.8 |
|
124.4 |
|
|
| Pigments & Specialties |
225.0 |
|
228.0 |
|
234.9 |
|
222.9 |
|
213.9 |
|
|
| Specialty Rubber |
37.8 |
|
46.0 |
|
54.1 |
|
54.9 |
|
56.7 |
|
|
| Continuing operations |
364.9 |
|
392.9 |
|
413.8 |
|
390.6 |
|
395.0 |
|
|
| Discontinued operations |
- |
|
137.5 |
|
160.0 |
|
144.5 |
|
647.6 |
|
|
| Turnover:Group and share of joint venture |
364.9 |
|
530.4 |
|
573.8 |
|
535.1 |
|
1,042.6 |
|
|
| Less share of discontinued joint venture's
turnover |
- |
|
- |
|
- |
|
- |
|
(68.2 |
) |
|
| Group turnover |
364.9 |
|
530.4 |
|
573.8 |
|
535.1 |
|
974.4 |
|
|
| |
| Operating
profit/(loss) |
|
| Chromium |
3.7 |
|
2.6 |
|
23.7 |
|
20.3 |
|
27.1 |
|
|
| Pigments & Specialties |
18.7 |
|
10.8 |
|
31.1 |
|
28.5 |
|
27.1 |
|
|
| Specialty Rubber |
(2.0 |
) |
(0.9 |
) |
2.6 |
|
2.4 |
|
4.7 |
|
|
| Continuing operations before exceptionals
and goodwill amortisation |
20.4 |
|
12.5 |
|
57.4 |
|
51.2 |
|
58.9 |
|
|
| Goodwill amortisation |
(13.5 |
) |
(14.0 |
) |
(13.3 |
) |
(12.5 |
) |
(11.2 |
) |
|
| Exceptionals |
(44.7 |
) |
(5.1 |
) |
(3.0 |
) |
(15.3 |
) |
(3.2 |
) |
|
| Discontinued operations |
- |
|
2.4 |
|
6.0 |
|
5.5 |
|
(4.4 |
) |
|
| Joint venture - discontinued operations |
- |
|
- |
|
- |
|
- |
|
2.1 |
|
|
| Associated undertakings |
0.1 |
|
0.1 |
|
0.1 |
|
0.1 |
|
(0.1 |
) |
|
| Profit/(loss) on disposal/termination of
businesses & fixed assets |
4.3 |
|
1.3 |
|
- |
|
6.6 |
|
(21.9 |
) |
|
| Profit/(loss) before interest |
(33.4 |
) |
(2.8 |
) |
47.2 |
|
35.6 |
|
20.2 |
|
|
| Net interest payable |
(0.8 |
) |
(0.5 |
) |
(5.1 |
) |
(5.4 |
) |
(10.6 |
) |
|
| Profit/(loss) before tax |
(34.2 |
) |
(3.3 |
) |
42.1 |
|
30.2 |
|
9.6 |
|
|
| Tax |
3.5 |
|
8.0 |
) |
(7.8 |
) |
(10.5 |
) |
(8.4 |
) |
|
| Minority interests |
(0.1 |
) |
(0.1 |
) |
(0.1 |
) |
0.3 |
|
- |
|
|
| Profit/(loss) for the financial year |
(30.8 |
) |
4.6 |
|
34.2 |
|
20.0 |
|
1.2 |
|
|
| |
| Basic |
|
| Earnings/(loss) per ordinary share (pence) |
(7.1 |
) |
1.0 |
|
7.9 |
|
4.6 |
|
0.3 |
|
|
| Earnings per ordinary share before goodwill
amortisation and exceptionals (pence) |
3.4 |
|
2.9 |
|
11.6 |
|
9.3 |
|
9.0 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Fully diluted |
|
| Earnings/(loss) per ordinary share (pence) |
(7.1 |
) |
1.0 |
|
7.9 |
|
4.6 |
|
0.3 |
|
|
| Earnings per ordinary share before goodwill
amortisation and exceptionals (pence) |
3.4 |
|
2.9 |
|
11.5 |
|
9.3 |
|
9.0 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Dividends per ordinary share (pence) |
- |
|
- |
|
- |
|
2.0 |
|
5.0 |
|
|
| Dividend cover (times)* |
- |
|
- |
|
- |
|
4.7 |
|
1.8 |
|
|
| Interest
cover (times)* |
25.6 |
|
25.2 |
|
12.5 |
|
10.5 |
|
7.0 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Shareholders' funds |
275.3 |
|
378.5 |
|
411.2 |
|
380.4 |
|
367.8 |
|
|
| Net (borrowings)/cash |
(37.4 |
) |
(40.0 |
) |
(41.7 |
) |
(45.5 |
) |
(48.0 |
) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Weighted average number of ordinary
shares in issue during the year (million) |
431.6 |
|
431.5 |
|
431.5 |
|
431.5 |
|
472.9 |
|
|
*before goodwill amortisation and exceptionals.
Only the comparatives for 2001 have been restated for the impact
of FRS17 and FRS19. |
