Centaur Holdings plc - Hemscott IR

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Analysis by product Type Pro forma Pro forma Year ended 30 June 2004Year ended 30 June 2003 Turnover from Turnover from continuing continuing activities EBITDA activities EBITDA £’000 £’000 £’000 £’000 Magazines 37,224 6,432 36,361 4,504 Events 19,722 1,338 16,475 1,049 Electronic Products 9,981 894 7,811 975 Other 1,327 159 1,348 127 68,254 8,823 61,995 6,655 Analysis by Maturity Pro forma Pro forma Year ended 30 June 2004Year ended 30 June 2003 Turnover from Turnover from continuing continuing activities EBITDA activities EBITDA £’000 £’000 £’000 £’000 Existing 55,560 7,948 52,203 5,544 New product development 12,077 1,608 9,792 1,111 Acquisitions 617 (733) - - 68,254 8,823 61,995 6,655 New product development is defined as any product launched in the last three years and is reported by reference to the three years preceding each reporting date. Acquisitions are also reported by reference to the three years preceding each reporting date. Substantially all net assets are located and all turnover and EBITDA are generated in the United Kingdom. Centaur Holdings plc Review 03/04 33
Notes to financial statements 3 Operating profit/(loss) The table below provides an analysis of operating profit/(loss) by continuing activities and acquisitions for the Pro forma year ended 30 June 2004: Pro forma Continuing Year ended Activities Acquisitions 30 June 2004 £’000 £’000 £’000 Turnover 67,637 617 68,254 Cost of sales (37,142) (875) (38,017) Gross profit 30,495 (258) 30,237 Distribution costs (4,287) - (4,287) Administrative expenses (21,982) (486) (22,468) EBITDA before exceptional costs 9,556 (733) 8,823 Depreciation of tangible fixed assets (2,665) (11) (2,676) Amortisation of goodwill (2,437) - (2,437) Exceptional administrative costs (228) - (228) Operating profit/(loss) 4,226 (744) 3,482 EBITDA before exceptional costs on continuing activities (excluding acquisitions) is described elsewhere in this document as "normalised" EBITDA of £9,556,000 for the Pro forma year ended 30 June 2004 (2003: £ 6,655,000) 4 Profit on ordinary activities before taxation Profit on ordinary activities before taxation is stated after charging: Pro forma Pro forma Actual Year ended Year ended 30 Oct 2003 30 June 30 June to 30 June 20042003 2004 £’000 £’000 £’000 Staff costs (note 6) 26,042 26,820 8,310 Profit on disposal of subsidiary undertakings (note 20) - (15,385) - Costs arising from reorganisation (note 20) - 1,777 - Exceptional administrative costs (note 5) 228 - 90 Operating leases – plant and machinery 244 198 70 Other operating leases 2094 2,767 612 Amortisation of goodwill (note 13) 2,437 245 2,186 Depreciation of tangible fixed assets (note 14) 2,676 2,835 987 (Profit) / loss on disposal of fixed assets (4) 11 5 Auditors remuneration: - audit services 128 76 128 - non-audit services 55 - 25 Centaur Holdings plc 34 Review 03/04
Page 1 and 2: Centaur Holdings plc Review 03/04
Page 3 and 4: Contents 05 Highlights 06 Group Pro
Page 5 and 6: and fruit machine to broadband 25 F
Page 7 and 8: Board of Directors Non-Executive Di
Page 9 and 10: The key to Centaur’s success in t
Page 11 and 12: Centaur’s vision is to be the UK
Page 13 and 14: Operating Review (...continued) Rev
Page 15 and 16: Operating Review (...continued) Rec
Page 17 and 18: Financial Review 03/04
Page 19 and 20: Report of the Directors The Directo
Page 21 and 22: Corporate Governance Statement Cent
Page 23 and 24: Directors’ report on remuneration
Page 25 and 26: Independent auditors' report to the
Page 27 and 28: Consolidated Balance Sheet at 30 Ju
Page 29 and 30: Other Primary Statements for the ye
Page 31: Notes to financial statements 2 Seg
Page 35 and 36: Notes to financial statements 6 Emp
Page 37 and 38: Notes to financial statements 11 Di
Page 39 and 40: Notes to financial statements 15 In
Page 41 and 42: Notes to financial statements 20 Pr
Page 43 and 44: Notes to financial statements 22 Ca
Page 45 and 46: Notes to financial statements 29 Ne
Page 47 and 48: Notes to financial statements 31 Re
Page 50 and 51: Review 03/04 Cover 22/10/04 11:13 a

Centaur Holdings plc - Hemscott IR

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