2009 Annual Report - CRH

Group Financial Summary
(Figures prepared in accordance with IFRS) Restated
2004 2005 2006 2007 2008 2009
€ m € m € m € m € m € m
Revenue 12,755 14,449 18,737 20,992 20,887 17,373
Group operating profit 1,220 1,392 1,767 2,086 1,841 955
Profit on disposal of non-current assets 11 20 40 57 69 26
Profit before finance costs 1,231 1,412 1,807 2,143 1,910 981
Finance costs (264) (297) (407) (473) (503) (419)
Finance revenue 118 138 155 170 160 122
Group share of associates' profit after tax 19 26 47 64 61 48
Profit before tax 1,104 1,279 1,602 1,904 1,628 732
Income tax expense (232) (273) (378) (466) (366) (134)
Group profit for the financial year 872 1,006 1,224 1,438 1,262 598
Employment of capital
Non-current and current assets
Property, plant and equipment 5,831 6,824 7,480 8,226 8,888 8,535
Intangible assets 1,774 2,252 2,966 3,692 4,108 4,095
Investments in associates/other financial assets 292 635 651 652 870 1,090
Net working capital (h) 1,540 1,944 2,420 2,469 2,650 1,991
Other liabilities - current and non-current (i) (1,035) (1,243) (1,099) (869) (1,126) (1,084)
Total 8,402 10,412 12,418 14,170 15,390 14,627
Capital and reserves excluding preference share capital 4,944 6,194 7,062 7,953 8,086 9,636
Preference share capital 1 1 1 1 1 1
Minority interest 34 39 41 66 70 73
Capital grants 13 12 10 11 14 12
Net deferred income tax liability 652 718 812 976 1,128 1,182
Net debt (j) 2,758 3,448 4,492 5,163 6,091 3,723
Total 8,402 10,412 12,418 14,170 15,390 14,627
Purchase of property, plant and equipment 551 652 832 1,028 1,039 532
Acquisitions and investments 1,019 1,298 2,311 2,227 1,072 458
Total 1,570 1,950 3,143 3,255 2,111 990
Depreciation of property, plant and equipment (including impairments) 516 556 664 739 781 794
Amortisation of intangible assets (including impairments) 4 9 25 35 43 54
Earnings per share after amortisation of intangible assets (cent) (k) 147.5 168.3 202.2 236.9 210.2 88.3
Earnings per share before amortisation of intangible assets (cent) (k) 148.1 170.0 206.5 242.7 217.4 96.3
Dividend per share (cent) (k) 29.76 35.17 46.89 61.31 62.22 62.50
Cash earnings per share (cent) (k),(l) 236.1 263.7 317.5 365.1 348.9 214.7
Dividend cover (times) (m) 5.0 4.8 4.3 3.9 3.4 1.4
Notes to IFRS financial summary data
(h) Represents the sum of inventories and trade and other receivables (included in current assets) less trade and other payables (included in current liabilities).
(i) Represents the sum of current income tax liabilities, current and non-current provisions for liabilities, non-current trade and other payables and retirement benefit
obligations.
(j) Represents the sum of current and non-current interest-bearing loans and borrowings and derivative financial instrument liabilities less the sum of liquid investments,
cash and cash equivalents and current and non-current derivative financial instrument assets.
(k) Per share amounts for restated 2004 to 2008 have been restated for the bonus element of the Rights Issue in March 2009.
(l) Cash earnings per share represents profit attributable to equity holders of the Company less preference dividends paid plus depreciation of property, plant and
equipment and amortisation of intangible assets, including impairments, where applicable, divided by the average number of Ordinary Shares outstanding
for the year.
(m) Represents earnings per Ordinary Share divided by dividends per Ordinary Share.
CRH 131