Annual Report & Accounts 2007 - Euromoney Institutional Investor ...

Five Year Record
Group income statement extracts
UK GAAP
IFRS
2003 2004 2005 2006 2007
£000’s £000’s £000’s £000’s £000’s
Revenue 158,942 174,654 196,266 222,276 305,594
Operating profit before acquired intangible
amortisation, share option expense
and exceptional items 23,812 30,606 39,348 43,812 78,606
Goodwill amortization (14,617) (7,534) n/a n/a n/a
Acquired intangible amortisation – – – (144) (15,716)
Share option expense – – (1,380) (4,428) (10,176)
Exceptional items – – (315) (716) 855
Operating profit before associates
and joint ventures 9,195 23,072 37,653 38,524 53,569
Share of results in associates and joint ventures 418 373 624 1,208 490
Operating profit 9,613 23,445 38,277 39,732 54,059
Exceptional profit on disposal/closure
of businesses 701 – – – –
Net finance costs (2,918) (2,954) (3,843) (4,498) (12,931)
Profit on ordinary activities before tax 7,396 20,491 34,434 35,234 41,128
Tax (charge)/credit on profit on ordinary
activities (3,101) (3,899) (2,417) 3,512 (8,223)
Profit on ordinary activities after tax 4,295 16,592 32,017 38,746 32,905
Profit from discontinued operations – – – – 500
Profit for the period 4,295 16,592 32,017 38,746 33,405
Attributable to:
Equity holders of the parent 4,069 16,014 30,181 37,430 31,822
Equity minority interests 226 578 1,836 1,316 1,583
Profit for the financial year 4,295 16,592 32,017 38,746 33,405
Basic earnings per share 4.64p 18.22p 34.19p 42.11p 30.66p
Diluted earnings per share 4.64p 18.16p 34.10p 41.90p 29.86p
Adjusted diluted earnings per share 20.50p 26.71p 26.28p 28.61p 32.70p
Diluted weighted average number of
ordinary shares 87,737,261 88,160,349 88,508,359 89,340,024 104,888,887
Dividend per share 14.75p 15.00p 16.20p 17.00p 19.00p
Group balance sheet extracts
Intangible fixed assets 33,757 60,989 66,508 71,598 380,022
Tangible fixed assets 9,097 7,766 27,647 63,406 33,041
Accruals (17,032) (18,569) (23,225) (29,478) (43,424)
Deferred income liability (32,330) (35,317) (37,491) (45,324) (73,382)
Other net current assets/(liabilities) (2,118) (66,093) 3,924 7,334 25,336
Non-current liabilities (64,680) (11,186) (73,313) (94,310) (265,813)
Net liabilities (73,306) (62,410) (35,950) (26,774) 55,780
The income statements, earnings per share and dividends per share for 2005, 2006 and 2007 have been prepared under IFRS.
2004 and earlier periods have not been adjusted from UK GAAP as it is not practicable to restate these years reports in accordance
with IFRS. Due to differences between IFRS and UK GAAP, there are some comparative inconsistencies in the above tables. Refer
to the group’s September 30 2006 annual report, note 29 for an indication of the adjustments to comply with IFRS.
Annual Report and Financial Statements 2007 89