 |
| |
2000 |
1999 |
1998 |
1997 Restated |
1996 Restated |
| |
£million |
£million |
£million |
£million |
£million |
|
| Turnover |
|
|
|
|
|
|
| Chromium |
124.8 |
112.8 |
124.4 |
126.8 |
129.1 |
|
| Pigments & Specialties |
234.9 |
222.9 |
213.9 |
148.8 |
149.1 |
|
| Chemical Distribution |
160.0 |
144.5 |
139.2 |
134.4 |
135.7 |
|
| Specialty Rubber |
54.1 |
54.9 |
56.7 |
61.5 |
71.0 |
|
| Continuing operations |
573.8 |
535.1 |
534.2 |
471.5 |
484.9 |
|
| Discontinued operations |
- |
- |
508.4 |
1,447.7 |
1,560.8 |
|
| Turnover: Group and share of joint venture |
573.8 |
535.1 |
1,042.6 |
1,919.2 |
2,045.7 |
|
| Less share of discontinued joint venture’s
turnover |
- |
- |
(68.2) |
(93.9) |
(107.6) |
|
| Group turnover |
573.8 |
535.1 |
974.4 |
1,825.3 |
1,938.1 |
|
| |
|
|
|
|
|
|
| Operating profits |
|
|
|
|
|
|
| Chromium: |
|
|
|
|
|
|
| Before exceptionals |
23.7 |
20.3 |
27.1 |
29.9 |
32.6 |
|
| Exceptionals |
0.7 |
(8.8) |
- |
- |
- |
|
| |
24.4 |
11.5 |
27.1 |
29.9 |
32.6 |
|
| Pigments & Specialties: |
|
|
|
|
|
|
| Before goodwill amortisation and exceptionals |
31.1 |
28.5 |
27.1 |
8.8 |
10.3 |
|
| Goodwill amortisation |
(13.3) |
(12.5) |
(11.2) |
- |
- |
|
| Exceptionals |
(1.4) |
(5.3) |
(3.2) |
(14.9) |
- |
|
| |
16.4 |
10.7 |
12.7 |
(6.1) |
10.3 |
|
| Chemical Distribution: |
|
|
|
|
|
|
| Before exceptionals |
6.0 |
5.5 |
2.6 |
1.2 |
0.9 |
|
| Exceptionals |
- |
- |
- |
(25.0) |
- |
|
| |
6.0 |
5.5 |
2.6 |
(23.8) |
0.9 |
|
| Specialty Rubber: |
|
|
|
|
|
|
| Before exceptionals |
2.6 |
2.4 |
4.7 |
4.8 |
6.2 |
|
| Exceptionals |
(2.3) |
(1.2) |
- |
(0.8) |
- |
|
| |
0.3 |
1.2 |
4.7 |
4.0 |
6.2 |
|
| Total - continuing operations: |
|
|
|
|
|
|
| Before goodwill amortisation and exceptionals |
63.4 |
56.7 |
61.5 |
44.7 |
50.0 |
|
| Goodwill amortisation |
(13.3) |
(12.5) |
(11.2) |
- |
- |
|
| Exceptionals |
(3.0) |
(15.3) |
(3.2) |
(40.7) |
- |
|
| |
47.1 |
28.9 |
47.1 |
4.0 |
50.0 |
|
| Discontinued operations |
- |
- |
(7.0) |
24.6 |
68.7 |
|
| |
47.1 |
28.9 |
40.1 |
28.6 |
118.7 |
|
| Joint venture - discontinued operations |
- |
- |
2.1 |
4.7 |
3.8 |
|
| Associated undertakings - continuing
operations |
0.1 |
0.1 |
- |
- |
- |
|
| Associated undertakings - discontinued
operations |
- |
- |
(0.1) |
(0.2) |
1.1 |
|
| |
47.2 |
29.0 |
42.1 |
33.1 |
123.6 |
|
| Profit/(loss) on disposal/termination
of businesses & fixed assets: |
|
|
|
|
|
|
| Continuing operations |
- |
6.6 |
5.0 |
- |
(1.4) |
|
| Discontinued operations |
- |
- |
(26.9) |
(121.8) |
5.9 |
|
| Fundamental restructuring costs (discontinued
operations) |
- |
- |
- |
(4.8) |
- |
|
| Profit/(loss) before interest |
47.2 |
35.6 |
20.2 |
(93.5) |
128.1 |
|
| Interest rate swap cancellation costs |
- |
- |
(2.3) |
- |
- |
|
| Private placement redemption cost |
- |
- |
- |
(9.8) |
- |
|
| Net interest payable |
(5.1) |
(5.4) |
(8.3) |
(2.9) |
(6.5) |
|
| Profit/(loss) before tax |
42.1 |
30.2 |
9.6 |
(106.2) |
121.6 |
|
| Tax |
(7.8) |
(10.5) |
(8.4) |
(4.9) |
(33.1) |
|
| Minority interests |
(0.1) |
0.3 |
- |
(0.1) |
(8.1) |
|
| Profit/(loss) for the financial year |
34.2 |
20.0 |
1.2 |
(111.2) |
80.4 |
|
| |
|
|
|
|
|
|
| Basic |
|
|
|
|
|
|
| Earnings/(loss) per ordinary share (pence) |
7.9 |
4.6 |
0.3 |
(15.5) |
11.3 |
|
| Earnings per ordinary share before goodwill
amortisation and exceptionals (pence) |
11.6 |
9.3 |
9.0 |
8.8 |
11.1 |
|
| |
|
|
|
|
|
|
| Fully diluted |
|
|
|
|
|
|
| Earnings/(loss) per ordinary share (pence) |
7.9 |
4.6 |
0.3 |
(15.5) |
11.3 |
|
| Earnings per ordinary share before goodwill
amortisation and exceptionals (pence) |
11.5 |
9.3 |
9.0 |
8.8 |
11.1 |
|
| |
|
|
|
|
|
|
| Dividends per ordinary share (pence) |
- |
2.0 |
5.0 |
3.6 |
9.0 |
|
| Dividend cover (times)* |
- |
4.7 |
1.8 |
2.4 |
1.2 |
|
| Interest cover (times)* |
12.5 |
10.5 |
7.0 |
28.3 |
19.7 |
|
| |
|
|
|
|
|
|
| Shareholders’ funds |
411.2 |
380.4 |
367.8 |
764.2 |
663.0 |
|
| Net (borrowings)/cash |
(41.7) |
(45.5) |
(48.0) |
450.6 |
(13.7) |
|
| |
|
|
|
|
|
|
| Weighted average number of ordinary
shares in issue during the year (million) |
431.5 |
431.5 |
472.9 |
715.3 |
711.7 |
|
