Group Financial Summary

Figures prepared in accordance with IFRS

Restated
2004
€ m		 2005
€ m		 2006
€ m		 2007
€ m		 2008
€ m		 2009
€ m
             
Revenue 12,755 14,449 18,737 20,992 20,887 17,373
Group operating profit   1,220 1,392 1,767 2,086 1,841 955
Profit on disposal of non-current assets 11 20 40 57 69 26
             
Profit before finance costs   1,231 1,412 1,807 2,143 1,910 981
Finance costs   (264) (297) (407) (473) (503) (419)
Finance revenue   118 138 155 170 160 122
Group share of associates' profit after tax 19 26 47 64 61 48
Profit before tax   1,104 1,279 1,602 1,904 1,628 732
Income tax expense (232) (273) (378) (466) (366) (134)
             
Group profit for the financial year 872 1,006 1,224 1,438 1,262 598
             
Employment of capital              
Non-current and current assets              
Property, plant and equipment   5,831 6,824 7,480 8,226 8,888 8,535
Intangible assets   1,774 2,252 2,966 3,692 4,108 4,095
Investments in associates/other financial assets   292 635 651 652 870 1,090
Net working capital (h) 1,540 1,944 2,420 2,469 2,650 1,991
Other liabilities - current and non-current (i) (1,035) (1,243) (1,099) (869) (1,126) (1,084)
Total 8,402 10,412 12,418 14,170 15,390 14,627
             
             
Capital and reserves excluding preference share capital   4,944 6,194 7,062 7,953 8,086 9,636
Preference share capital   1 1 1 1 1 1
Minority interest   34 39 41 66 70 73
Capital grants   13 12 10 11 14 12
Net deferred income tax liability   652 718 812 976 1,128 1,182
Net debt (j) 2,758 3,448 4,492 5,163 6,091 3,723
Total 8,402 10,412 12,418 14,170 15,390 14,627
             
Purchase of property, plant and equipment   551 652 832 1,028 1,039 532
Acquisitions and investments 1,019 1,298 2,311 2,227 1,072 458
Total 1,570 1,950 3,143 3,255 2,111 990
             
Depreciation of property, plant and equipment (including impairments)   516 556 664 739 781 794
Amortisation of intangible assets (including impairments)   4 9 25 35 43 54
Earnings per share after amortisation of intangible assets (cent) (k) 147.5 168.3 202.2 236.9 210.2 88.3
Earnings per share before amortisation of intangible assets (cent) (k) 148.1 170.0 206.5 242.7 217.4 96.3
Dividend per share (cent) (k) 29.76 35.17 46.89 61.31 62.22 62.50
Cash earnings per share (cent) (k),(l) 236.1 263.7 317.5 365.1 348.9 214.7
Dividend cover (times) (m) 5.0 4.8 4.3 3.9 3.4 1.4

Notes to IFRS financial summary data

  • (h) Represents the sum of inventories and trade and other receivables (included in current assets) less trade and other payables (included in current liabilities).
  • (i) Represents the sum of current income tax liabilities, current and non-current provisions for liabilities, non-current trade and other payables and retirement benefit obligations.
  • (j) Represents the sum of current and non-current interest-bearing loans and borrowings and derivative financial instrument liabilities less the sum of liquid investments, cash and cash equivalents and current and non-current derivative financial instrument assets.
  • (k) Per share amounts for restated 2004 to 2008 have been restated for the bonus element of the Rights Issue in March 2009.
  • (l) Cash earnings per share represents profit attributable to equity holders of the Company less preference dividends paid plus depreciation of property, plant and equipment and amortisation of intangible assets, including impairments, where applicable, divided by the average number of Ordinary Shares outstanding for the year.
  • (m) Represents earnings per Ordinary Share divided by dividends per Ordinary Share.

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Figures prepared in accordance with Irish GAAP

1995
€ m 		1996
€ m		 1997
€ m		 1998
€ m		 1999
€ m		 2000
€ m		 2001
€ m		 2002
€ m		 2003
€ m		 2004
€ m
                     
Turnover including share of joint ventures 2,520 3,354 4,234 5,211 6,734 8,870 10,444 10,794 11,080 12,820
Group operating profit   224 283 349 442 676 919 1,020 1,049 1,046 1,247
Goodwill amortisation   - - - (1) (19) (44) (61) (70) (76) (101)
Profit on disposal of fixed assets   1 1 9 11 7 13 17 16 13 11
Exceptional items - - - - 64 - - - - -
Profit on ordinary activities before interest   225 284 358 452 728 888 976 995 983 1,157
Net interest payable (21) (28) (36) (43) (93) (191) (173) (139) (118) (140)
                     
Profit on ordinary activities before taxation   204 256 322 409 635 697 803 856 865 1,017
Taxation on profit on ordinary activities   (42) (58) (76) (100) (152) (194) (217) (227) (218) (247)
Taxation on exceptional items - - - - (26) - - - - -
Profit on ordinary activies after taxation 162 198 246 309 457 503 586 629 647 770
                     
Employment of capital
Fixed assets 		                     
- Tangible assets   895 1,236 1,519 2,288 3,226 4,551 5,150 5,004 5,145 5,320
- Intangible asset - goodwill   - - - 138 629 955 1,153 1,154 1,475 1,443
- Financial assets   118 127 132 53 66 104 316 275 349 702
Net working capital (a) 133 255 313 512 608 915 1,040 1,078 1,116 1,244
Other liabilities (b) (13) (25) (61) (286) (430) (470) (479) (443) (429) (429)
Total 1,133 1,593 1,903 2,705 4,099 6,055 7,180 7,068 7,656 8,280
                     
Financed as follows                      
Equity shareholders' funds   868 1,056 1,308 1,553 2,201 3,074 4,734 4,747 4,758 5,217
Preference share capital   1 1 1 1 1 1 1 1 1 1
Minority shareholders' equity interest   12 13 14 285 37 36 135 111 90 82
Capital grants   12 11 11 20 19 17 16 14 13 11
Deferred tax   49 70 104 116 172 307 400 485 486 528
Net debt (c) 189 442 465 730 1,669 2,620 1,894 1,710 2,308 2,441
Convertible capital bonds (d) 2 - - - - - - - - -
1,133 1,593 1,903 2,705 4,099 6,055 7,180 7,068 7,656 8,280
                     
Purchase of tangible assets   109 150 147 232 360 430 452 367 402 520
Acquisitions and investments 164 532 241 604 1,421 1,605 1,080 992 1,615 922
Total 273 682 388 836 1,781 2,035 1,532 1,359 2,017 1,442
                     
Depreciation and goodwill amortisation   81 104 129 166 275 395 497 526 534 596
Earnings per share after goodwill amortisation (cent) (e) 37.1 43.9 52.4 65.0 87.5 102.6 104.0 107.5 109.9 129.8
Earnings per share before goodwill amortisation (cent) (e) 37.1 43.9 52.4 65.3 91.6 111.6 114.8 119.5 122.8 147.1
Dividend per share (cent) (e) 9.49 10.64 12.21 14.08 16.43 18.73 20.74 22.90 25.34 29.76
Cash earnings per share (cent) (e),(f) 55.9 67.1 80.2 100.3 145.4 184.0 192.7 198.2 201.4 231.2
Dividend cover (times) (g) 3.9 4.1 4.3 4.6 5.3 5.5 5.0 4.7 4.3 4.4

Notes to Irish GAAP financial summary data

  • (a) Excluding bank advances and cash and liquid investments which are included under net debt (see note (c) below).
  • (b) Including deferred and contingent acquisition consideration due after more than one year and provisions for liabilities and charges and excluding deferred tax.
  • (c) Net debt represents the sum of loans (including finance leases) and overdrafts falling due within one year, bank loans (including finance leases) falling due after more than one year less cash and liquid investments.
  • (d) Including supplemental interest.
  • (e) Per share amounts for 1995 to 2004 have been restated for the bonus element of the Rights Issue in March 2009.
  • (f) Cash earnings per share equals the sum of profit for the year attributable to ordinary shareholders, depreciation and goodwill amortisation divided by the average number of Ordinary Shares outstanding for the year.
  • (g) Excluding exceptional net gains in 1999.