2009 Annual Report - CRH

Group Financial Summary
(Figures prepared in accordance with Irish GAAP)
130 CRH
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
€ m € m € m € m € m € m € m € m € m € m
Turnover including share of joint ventures 2,520 3,354 4,234 5,211 6,734 8,870 10,444 10,794 11,080 12,820
Group operating profit 224 283 349 442 676 919 1,020 1,049 1,046 1,247
Goodwill amortisation - - - (1) (19) (44) (61) (70) (76) (101)
Profit on disposal of fixed assets 1 1 9 11 7 13 17 16 13 11
Exceptional items - - - - 64 - - - - -
Profit on ordinary activities before interest 225 284 358 452 728 888 976 995 983 1,157
Net interest payable (21) (28) (36) (43) (93) (191) (173) (139) (118) (140)
Profit on ordinary activities before taxation 204 256 322 409 635 697 803 856 865 1,017
Taxation on profit on ordinary activities (42) (58) (76) (100) (152) (194) (217) (227) (218) (247)
Taxation on exceptional items - - - - (26) - - - - -
Profit on ordinary activies after taxation 162 198 246 309 457 503 586 629 647 770
Employment of capital
Fixed assets
- Tangible assets 895 1,236 1,519 2,288 3,226 4,551 5,150 5,004 5,145 5,320
- Intangible asset - goodwill - - - 138 629 955 1,153 1,154 1,475 1,443
- Financial assets 118 127 132 53 66 104 316 275 349 702
Net working capital (a) 133 255 313 512 608 915 1,040 1,078 1,116 1,244
Other liabilities (b) (13) (25) (61) (286) (430) (470) (479) (443) (429) (429)
Total 1,133 1,593 1,903 2,705 4,099 6,055 7,180 7,068 7,656 8,280
Financed as follows
Equity shareholders' funds 868 1,056 1,308 1,553 2,201 3,074 4,734 4,747 4,758 5,217
Preference share capital 1 1 1 1 1 1 1 1 1 1
Minority shareholders' equity interest 12 13 14 285 37 36 135 111 90 82
Capital grants 12 11 11 20 19 17 16 14 13 11
Deferred tax 49 70 104 116 172 307 400 485 486 528
Net debt (c) 189 442 465 730 1,669 2,620 1,894 1,710 2,308 2,441
Convertible capital bonds (d) 2 - - - - - - - - -
1,133 1,593 1,903 2,705 4,099 6,055 7,180 7,068 7,656 8,280
Purchase of tangible assets 109 150 147 232 360 430 452 367 402 520
Acquisitions and investments 164 532 241 604 1,421 1,605 1,080 992 1,615 922
Total 273 682 388 836 1,781 2,035 1,532 1,359 2,017 1,442
Depreciation and goodwill amortisation 81 104 129 166 275 395 497 526 534 596
Earnings per share after goodwill amortisation (cent) (e) 37.1 43.9 52.4 65.0 87.5 102.6 104.0 107.5 109.9 129.8
Earnings per share before goodwill amortisation (cent) (e) 37.1 43.9 52.4 65.3 91.6 111.6 114.8 119.5 122.8 147.1
Dividend per share (cent) (e) 9.49 10.64 12.21 14.08 16.43 18.73 20.74 22.90 25.34 29.76
Cash earnings per share (cent) (e),(f) 55.9 67.1 80.2 100.3 145.4 184.0 192.7 198.2 201.4 231.2
Dividend cover (times) (g) 3.9 4.1 4.3 4.6 5.3 5.5 5.0 4.7 4.3 4.4
Notes to Irish GAAP financial summary data
(a) Excluding bank advances and cash and liquid investments which are included under net debt (see note (c) below).
(b) Including deferred and contingent acquisition consideration due after more than one year and provisions for liabilities and charges and excluding deferred tax.
(c) Net debt represents the sum of loans (including finance leases) and overdrafts falling due within one year, bank loans (including finance leases) falling due after
more than one year less cash and liquid investments.
(d) Including supplemental interest.
(e) Per share amounts for 1995 to 2004 have been restated for the bonus element of the Rights Issue in March 2009.
(f) Cash earnings per share equals the sum of profit for the year attributable to ordinary shareholders, depreciation and goodwill amortisation divided by the average
number of Ordinary Shares outstanding for the year.
(g) Excluding exceptional net gains in 1999.