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Elementis LogoElementis plc Annual Report 2003
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  Directors’ responsibilities statement
  Independent auditors’ report
  Consolidated profit & loss account
  Balance sheet
  Cash flow statement
  Movement in net borrowings
  Statement of total recognised gains and losses
  Reconciliation of movements in shareholders’ funds
  Notes to the financial statements
Five year record
  Shareholder services
  Shareholder information
  Financial calendar
  Information for calculation of capital gains tax
  Global headquarters
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Skip to top Five year record

 
2003
£million
  2002
£million
  2001
£million
  2000
£million
  1999
£million
   
Turnover                    
Chromium 116.2   102.1   118.9   124.8   112.8  
Specialties & Pigments 209.3   225.0   228.0   234.9   222.9  
Specialty Rubber 42.7   37.8   46.0   54.1   54.9  
Continuing operations 368.2   364.9   392.9   413.8   390.6  
Discontinued operations -   -   137.5   160.0   144.5  
Group turnover 368.2   364.9   530.4   573.8   535.1  
                     
Operating profit/(loss)                    
Chromium 6.8   3.7   2.6   23.7   20.3  
Specialties & Pigments 17.6   18.7   10.8   31.1   28.5  
Specialty Rubber -   (2.0 ) (0.9 ) 2.6   2.4  
Associates 0.1   0.1   0.1   0.1   0.1  
Continuing operations before exceptionals and goodwill amortisation 24.5   20.5   12.6   57.5   51.3  
Goodwill amortisation (12.4 ) (13.5 ) (14.0 ) (13.3 ) (12.5 )
Exceptionals (0.4 ) (44.7 ) (5.1 ) (3.0 ) (15.3 )
Discontinued operations -   -   2.4   6.0   5.5  
Profit on disposal/termination of businesses & fixed assets -   4.3   1.3   -   6.6  
Profit/(loss) before interest 11.7   (33.4 ) (2.8 ) 47.2   35.6  
Net interest payable (6.2 ) (0.8 ) (0.5 ) (5.1 ) (5.4 )
Profit/(loss) before tax 5.5   (34.2 ) (3.3 ) 42.1   30.2  
Tax (1.1 ) 3.5   8.0   (7.8 ) (10.5 )
Minority interests (0.1 ) (0.1 ) (0.1 ) (0.1 ) 0.3  
Profit/(loss) for the financial year 4.3   (30.8 ) 4.6   34.2   20.0  
                     
Basic                    
Earnings/(loss) per ordinary share (pence) 1.0   (7.1 ) 1.0   7.9   4.6  
Earnings per ordinary share before goodwill amortisation and exceptionals (pence) 3.0   3.4   2.9   11.6   9.3  
                     
Fully diluted                    
Earnings/(loss) per ordinary share (pence) 1.0   (7.1 ) 1.0   7.9   4.6  
Earnings per ordinary share before goodwill amortisation and exceptionals (pence) 3.0   3.4   2.9   11.5   9.3  
                     
Dividends per ordinary share (pence) -   -   -   -   2.0  
Dividend cover (times)* -   -   -   -   4.7  
Interest cover (times)** 12.9   10.8   3.1   11.3   9.5  
                     
Shareholders' funds 252.3   275.3   378.5   411.2   380.4  
Net (borrowings)/cash (46.9 ) (37.4 ) (40.0 ) (41.7 ) (45.5 )
                     
Weighted average number of ordinary shares in issue during the year (million) 431.6   431.6   431.5   431.5   431.5  
* before goodwill amortisation and exceptionals
** ratio of operating profit before goodwill amortisation and exceptionals to interest on net borrowings
 
   

The comparatives for 2000 and 1999 have not been restated for the impact of FRS17 and FRS19.

 
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