Annual Report and Accounts 2006 - DCC plc

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120indexpageReceivables, Trade and Other 87Reconciliations from Irish GAAP to IFRS 104Registrar 117Related Party Transactions 103Remuneration Committee Report 44Retained Earnings 99Retirement Benefit Obligations 94Return on Capital Employed (ROCE) 29Segment Information 68Senior Management 8Share Capital 97Share Listings 117Share Options 75Share Premium 98Share Price Data 117Shareholder Information 117Statement of Directors' Responsibilities 48Subsidiaries 87Substantial Shareholdings 43Treasury Shares 42Website 117
5 year reviewGroup income statement Irish GAAP IFRSYear ended 31 March 2002 2003 2004 2005 2006€’m €’m €’m €’m €’mRevenue 1,901.4 2,125.4 2,089.4 2,644.7 3,436.3Operating profit before operating exceptionalitems and amortisation of intangible assets 91.5 98.8 103.4 111.8 123.6Operating exceptional items - (2.9) (2.3) (16.0) 2.8Amortisation of intangible assets (5.7) (7.3) (8.3) (1.2) (4.9)Operating profit 85.8 88.6 92.8 94.6 121.5Finance costs (net) (3.2) (3.9) (3.8) (5.7) (7.0)Share of associates' profit after tax 7.1 10.1 14.0 16.8 25.5Non-operating exceptional items (1.1) (1.7) (5.9) (4.8) (1.2)Profit before tax 88.6 93.1 97.1 100.9 138.8Income tax expense (11.4) (11.0) (12.0) (12.1) (13.5)Minority interests (0.9) (1.3) (0.8) (1.0) (1.5)Profit attributable to Group shareholders 76.3 80.8 84.3 87.8 123.8Earnings per share- basic (cent) 90.26 96.66 101.98 109.68 153.92- basic adjusted (cent) 98.30 111.00 121.89 137.22 157.23Dividend per share 24.50 28.18 32.40 37.26 42.85Dividend cover (times) 4.0 3.9 3.8 3.7 3.7Interest cover (times) 28.6 25.3 27.2 19.6 17.6Group balance sheet Irish GAAP IFRSAs at 31 March 2002 2003 2004 2005 2006€’m €’m €’m €’m €’mNon-current and current assetsProperty, plant and equipment 159.2 209.4 218.6 254.8 267.5Intangible assets 118.3 132.1 131.4 208.1 248.5Investments in associates 39.0 40.3 42.0 51.4 76.8Cash/derivatives 304.7 354.0 323.5 353.3 354.4Other assets 447.1 424.7 434.2 541.1 665.4Total assets 1,068.3 1,160.5 1,149.7 1,408.7 1,612.6Equity 395.4 432.9 462.8 492.2 585.4Non-current and current liabilitiesBorrowings/derivatives 241.6 333.9 261.1 362.2 387.1Retirement benefit obligations - - 17.2 25.4 20.7Other liabilities 431.3 393.7 408.6 528.9 619.4Total liabilities 672.9 727.6 686.9 916.5 1,027.2Total equity and liabilities 1,068.3 1,160.5 1,149.7 1,408.7 1,612.6Net cash/(debt) included above 63.1 20.1 62.4 (8.9) (32.7)Group cash flow Irish GAAP IFRSYear ended 31 March 2002 2003 2004 2005 2006€’m €’m €’m €’m €’mOperating cash flow 120.3 98.5 151.9 116.4 142.9Capital expenditure 37.9 39.2 32.1 43.6 57.7Acquisitions 59.6 88.2 14.5 81.2 54.7Other information Irish GAAP IFRS2002 2003 2004 2005 2006Return on tangible capital employed (%) 46.3% 42.2% 39.8% 44.9% 43.0%Return on total capital employed (%) 23.1% 22.0% 21.3% 20.4% 19.1%Working capital (days) 11.5 15.4 11.6 10.2 9.5Average number of employees 3,361 3,685 3,768 4,746 5,109
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Annual Reportand Accounts2006
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Group at a Glance 2Board of Directo
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3Market positionGrowth focusGrowth
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6board of directors
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8senior managementgroup and divisio
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10chairman’s statement“ Over th
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12chief executive’s review“ The
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peopleWe recognise that our employe
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17Performance for the year to 31 Ma
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28financial reviewOverview of resul
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30financial reviewgenerated from op
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32financial reviewsubsidiary manage
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qualityDCC Food & Beveragemarkets q
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corporate governance39written terms
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corporate governance41achieve busin
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44report of the remuneration commit
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46 report of the remuneration commi
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48statement of directors’responsi
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50 report of the independent audito
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52financial statementsgroup stateme
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54 financial statementsgroup cash f
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56financial statementscompany state
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58notes to the financial statements
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60notes to the financial statements
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notes to the financial statements63
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Page 124: DCC plcDCC House, Brewery Road,Stil
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Annual Report and Accounts 2006 - DCC plc

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