Brambles 2006 Annual Report - Alle jaarverslagen
Brambles 2006 Annual Report - Alle jaarverslagen
Brambles 2006 Annual Report - Alle jaarverslagen
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8<br />
<strong>Brambles</strong><br />
<strong>2006</strong> <strong>Annual</strong> <strong>Report</strong><br />
FINANCIAL<br />
HIGHLIGHTS<br />
for the year ended 30 June <strong>2006</strong><br />
<strong>Brambles</strong> reported a comparable operating profit before special<br />
items of US$771.3 million for its continuing operations of CHEP<br />
and Recall for the <strong>2006</strong> financial year, with earnings per share<br />
(before special items) 45% higher than the previous year.<br />
US$ millions <strong>2006</strong> 2005 % change<br />
% change<br />
at constant<br />
currency<br />
Continuing operations<br />
Sales 3,522.1 3,274.8 8% 8%<br />
Comparable operating profit 1 771.3 599.8 29% 29%<br />
Profit before tax and special items 2 659.5 469.7 40% 41%<br />
Profit after tax before special items 430.1 309.3 39% 40%<br />
Profit after tax and special items 362.6 313.1 16%<br />
Profit from discontinued operations,<br />
before special items 217.0 145.2 49%<br />
Profit for the year, before special items 647.1 454.5 42%<br />
Special items after tax 817.3 (5.7)<br />
Profit for the year 1,464.4 448.8 226%<br />
Earnings per share<br />
(before special items) (US cents) 38.3 26.8 43% 45%<br />
Earnings per share (US cents) 86.7 26.4 228%<br />
Cash flow from operations 900.7 903.9<br />
Net capital expenditure on property,<br />
plant and equipment 608.3 665.7<br />
Free cash flow 3 559.7 622.2<br />
Net debt 1,690.1 2,208.3<br />
Gearing (net debt/net debt + equity) 36.4% 48.1%<br />
Interest cover 13.9 10.9<br />
DIVIDENDS BIL BIP<br />
Interim dividend/first interim dividend 11.5 A cents (fully franked) 4.887 pence<br />
Final dividend/second interim dividend 13.5 A cents (fully franked) 5.446 pence<br />
Special dividend 34.5 A cents (fully franked) 13.918 pence<br />
Notes:<br />
1 Comparable operating profit is profit before special items, finance costs and tax.<br />
2 Special items comprise impairments, exceptional items, fair value adjustments and amortisation of acquired non-goodwill<br />
intangible assets (other than software).<br />
3 Free cash flow is cash flow generated after net capital expenditure, excluding the net cost of acquisitions and proceeds from<br />
business disposals.<br />
All US$ amounts are presented in IFRS<br />
To show the underlying performance of the company, constant currency comparisons are used throughout this <strong>Report</strong>. Constant<br />
currency relative performance is calculated by translating both current period and comparable period results into US$ at the actual<br />
monthly exchange rates applicable for the comparable period. Its purpose is to show relative performance between periods before<br />
the translation impact of currency fluctuations.
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