Annual Report - JD Group

Ten year review continued
12
12 months
31 August 31 August †
31 August
2004 2003 2002
Income statements
Revenue 9 056 5 966 4 083
Cost of sales 4 148 2 613 1 657
Operating income 1 265 747 467
Investment income 24 15 11
Income before finance costs 1 289 762 478
Finance costs – net 145 154 179
Income before exceptional item 1 144 608 299
Exceptional item: loss on discontinuance – – –
Income before taxation 1 144 608 299
Taxation 354 160 60
Income after taxation 790 448 239
Attributable to outside shareholders – 1 2
Income attributable to shareholders 790 449 241
Balance sheets
Assets
Non-current assets 645 1 026 345
Property, plant and equipment 210 210 144
Goodwill – 42 54
Trademark 165 315 –
Investments and loans 110 146 110
Deferred taxation 160 313 37
Current assets 7 094 6 159 3 898
Inventories 784 739 427
Trade and other receivables 4 871 4 860 3 231
Financial assets 34 36 13
Taxation 77 80 5
Bank balances and cash 1 328 444 222
Total assets
Equity and liabilities
Equity and reserves
7 739 7 185 4 243
Share capital and premium 1 903 1 778 782
Treasury shares (88) (39) (22)
Non-distributable reserve 137 127 24
Retained income 1 803 1 415 1 124
Shareholders for dividend 253 111 25
Shareholders’ equity 4 008 3 392 1 933
Outside shareholders’ interest – – 21
Non-current liabilities 1 487 1 412 1 310
Interest bearing long term liabilities 947 831 1 049
Deferred taxation 540 581 261
Current liabilities 2 244 2 381 979
Trade and other payables 1 787 1 801 745
Interest bearing liabilities 362 506 219
Financial liabilities 8 9 11
Taxation 87 64 2
Bank overdrafts – 1 2
Total equity and liabilities 7 739 7 185 4 243
† Profurn acquired chains were only included for five months