Serco Gropu plc Annual Review and Summary Financial Statement ...

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Summary Financial Statement Summary Consolidated Profit and Loss Account For the year ended 31 December 1999 Restated 1999 1998 £’000 £’000 Turnover: Group and share of joint ventures - continuing operations 807,544 687,760 Less: share of joint ventures (138,982) (113,471) serco gr Group turnover 668,562 574,289 Cost of sales (580,586) (499,052) Gross profit 87,976 75,237 Administrative expenses (63,824) (51,865) Amortisation of goodwill (2,092) (823) Other administrative expenses (61,732) (51,042) Operating profit - continuing operations 24,152 23,372 Share of operating profit in joint ventures 11,121 6,315 Gross operating profit 35,273 29,687 Net exceptional items – 162 Interest (net) Group (2,643) (2,088) Share of joint ventures (3,298) (2,142) Profit on ordinary activities before taxation 29,332 25,619 Taxation on profit on ordinary activities (9,538) (8,199) Profit on ordinary activities after taxation 19,794 17,420 Dividends (5,593) (4,888) Retained profit for the financial year 14,201 12,532 Earnings per Ordinary Share of 2p each: Basic earnings per share, after amortisation of goodwill 30.6p 27.4p Basic earnings per share, before amortisation of goodwill 33.8p 28.7p Diluted earnings per share, after amortisation of goodwill 30.4p 27.0p Diluted earnings per share, before amortisation of goodwill 33.6p 28.3p Dividend per share: Interim dividend 2.65p 2.30p Proposed final dividend 5.90p 5.10p 30
Summary Financial Statement Summary Consolidated Balance Sheet At 31 December 1999 1999 1998 £’000 £’000 Fixed assets Intangible asset 66,854 23,332 oup plc Tangible assets 36,508 23,962 Investments in joint ventures 18,022 10,617 Total fixed assets 121,384 57,911 Current assets/(liabilities) Stocks 26,830 9,127 Debtors 161,900 157,365 Cash (net of overdraft) 35,187 43,991 Trade and other creditors (105,565) (85,381) Accruals and deferred income (74,970) (58,137) Net current assets 43,382 66,965 Long term creditors (47,232) (48,957) Provisions for liabilities and charges (25,906) (3,726) Equity shareholders’ funds 91,628 72,193 This Summary Financial Statement was approved by the Board of Directors on 2 March 2000 and signed on behalf of the Board: Richard White Executive Chairman Christopher Hyman Finance Director Serco Group plc 1999 31
Page 1 and 2: S i n c e f l o t a t i o n i n 1 9
Page 3 and 4: s t r a t e g i e s a n d m a n a g
Page 5 and 6: v a r i e t y o f a c t i v i t i e
Page 7 and 8: w i n a n d m a n a g e c o n t r a
Page 9 and 10: i n t o t h e b us i n e s s . W e
Page 11 and 12: g e n u i n e c o m m i t m e n t t
Page 13 and 14: e c o r d l e v e l s o f n e w b u
Page 15 and 16: Klaus Tiemann was managing director
Page 17 and 18: The newly appointed chief executive
Page 19 and 20: David Tetreault liked the Serco ser
Page 21 and 22: Contract manager Mathieu Notéris j
Page 23 and 24: Phil Cornwell joined Serco from AWA
Page 25 and 26: The New Zealand Army marches on mor
Page 27 and 28: s h a r p l y d i f f e r e n t i a
Page 29 and 30: a n d p e r f o r m a n c e a n d w
Page 31: Summary Financial Statement Introdu
Page 35 and 36: Director Profiles Kevin Stanley Bee
Page 37 and 38: Notes to Annual General Meeting Not
Page 39 and 40: oup plc calendar of events 5 April

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