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Henry Boot PLC Annual Report and Financial Statements for the year ended 31 December 2015 www.henryboot.co.uk Stock Code: BHY Financial Statements Consolidated Statement of Comprehensive Income for the year ended 31 December 2015 Revenue 1 176,186 147,200 Cost of sales (122,855) (103,512) Gross profit 53,331 43,688 Other income 1 36 283 Administrative expenses (17,235) (15,153) Pension expenses 4 (3,689) (3,213) 32,443 25,605 (Decrease)/increase in fair value of investment properties 13 (2,009) 1,950 Profit on sale of investment properties 747 284 Profit on sale of assets held for sale 485 122 Operating profit 3 31,666 27,961 Finance income 5 1,438 714 Finance costs 6 (1,617) (1,550) Share of profit of joint ventures 15 923 1,187 Profit before tax 32,410 28,312 Tax 7 (7,460) (4,810) Profit for the year from continuing operations 24,950 23,502 Note 2015 £’000 2014 £’000 Other comprehensive income/(expense) not being reclassified to profit or loss in subsequent years: Revaluation of Group occupied property 12 100 — Deferred tax on property revaluations 17 509 — Actuarial gain/(loss) on defined benefit pension scheme 27 6,002 (10,458) Deferred tax on actuarial (gain)/loss 17 (1,439) 2,092 Movement in fair value of cash flow hedge 25 16 85 Deferred tax on cash flow hedge 17 (4) (17) Total other comprehensive income/(expense) not being reclassified to profit or loss in subsequent years 5,184 (8,298) Total comprehensive income for the year 30,134 15,204 Profit for the year attributable to: Owners of the Parent Company 23,041 21,169 Non-controlling interests 1,909 2,333 24,950 23,502 Total comprehensive income attributable to: Owners of the Parent Company 28,219 12,845 Non-controlling interests 1,915 2,359 30,134 15,204 Basic earnings per ordinary share for the profit attributable to owners of the Parent Company during the year 9 17.5p 16.2p Diluted earnings per ordinary share for the profit attributable to owners of the Parent Company during the year 9 17.3p 15.9p 88
Henry Boot PLC Annual Report and Financial Statements for the year ended 31 December 2015 www.henryboot.co.uk Stock Code: BHY Statements of Financial Position as at 31 December 2015 Note Group 2015 £’000 2014 £’000 Parent Company 2015 £’000 Assets Non-current assets Intangible assets 11 5,757 6,733 — — Property, plant and equipment 12 20,984 19,086 168 137 Investment properties 13 125,311 141,560 — — Investments 14 — — 3,021 3,809 Investment in joint ventures and associates 15 3,790 1,367 — — Trade and other receivables 16 10,507 4,837 — — Deferred tax assets 17 4,323 7,123 3,772 5,919 170,672 180,706 6,961 9,865 Current assets Inventories 18 138,941 117,457 — — Trade and other receivables 16 54,448 50,065 197,711 194,202 Cash and cash equivalents 12,041 4,347 10,135 1,917 205,430 171,869 207,846 196,119 Assets classified as held for sale 20 — 260 — — 205,430 172,129 207,846 196,119 Liabilities Current liabilities Trade and other payables 21 64,384 68,833 82,600 82,218 Current tax liabilities 3,636 1,976 3,600 1,100 Borrowings 24 42,836 31,969 40,478 30,642 Provisions 26 5,749 4,322 — — 116,605 107,100 126,678 113,960 Net current assets 88,825 65,029 81,168 82,159 Non-current liabilities Trade and other payables 21 6,639 3,139 — — Borrowings 24 8,137 8,779 — — Retirement benefit obligations 27 19,577 28,158 19,577 28,158 Provisions 26 3,595 5,185 — — 37,948 45,261 19,577 28,158 Net assets 221,549 200,474 68,552 63,866 Equity Share capital 30 13,604 13,592 13,604 13,592 Property revaluation reserve 31 3,964 3,355 — — Retained earnings 31 197,895 177,664 49,608 45,256 Other reserves 31 4,548 4,425 5,685 5,568 Cost of shares held by ESOP trust 32 (345) (550) (345) (550) Equity attributable to owners of the Parent Company 219,666 198,486 68,552 63,866 Non-controlling interests 1,883 1,988 — — Total equity 221,549 200,474 68,552 63,866 The Financial Statements on pages 88 to 133 of Henry Boot PLC, registered number 160996, were approved by the Board of Directors and authorised for issue on 22 April 2016. On behalf of the Board J T Sutcliffe Director D L Littlewood Director 2014 £’000 Shareholder Information Financial Statements Governance Strategic Report Overview 89
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