Five Year Financial Summary
Consolidated Profit and Loss Account
|
2008*
€'000 |
2007*
€'000 |
2006
€'000 |
2005
€'000 |
2004**
€'000 |
| Turnover |
850,043 |
875,983 |
818,827 |
752,887 |
750,193 |
| Operating costs |
(818,808) |
(846,857) |
(804,162) |
(736,690) |
(748,422) |
Operating profit |
31,235 |
29,126 |
14,665 |
16,197 |
1,771 |
| Retrospective pay award*** |
- |
- |
(20,040) |
- |
- |
| Asset disposals |
- |
1,516 |
94,700 |
59,323 |
5,298 |
| Business restructuring |
- |
- |
(13,883) |
(40,000) |
- |
| Share of results of joint venture and associate |
(9,685) |
(12,475) |
- |
- |
(50) |
| Other finance income |
18,340 |
31,250 |
21,123 |
5,391 |
- |
| Profit before taxation |
39,890 |
49,417 |
96,565 |
40,911 |
7,019 |
Consolidated Balance Sheet |
|
|
|
|
|
| Fixed assets |
211,465 |
206,682 |
196,197 |
216,275 |
248,079 |
| Net current assets |
235,998 |
235,556 |
205,034 |
115,903 |
18,357 |
| Other liabilities |
(63,705) |
(73,130) |
(82,673) |
(92,920) |
(91,113) |
| Net assets excluding pension liability |
383,758 |
369,108 |
318,558 |
239,258 |
175,323 |
| Pension liability |
(582,300) |
(114,300) |
(193,226) |
(307,770) |
|
| Net (liabilities)/assets including pension liability |
(198,542) |
254,808 |
125,332 |
(68,512) |
|
| Capital and reserves |
(198,542) |
254,808 |
125,332 |
(68,512) |
175,323 |
Ratios
| |
2008 |
2007 |
2006 |
2005 |
2004 |
| Operating profit above as % of turnover |
3.67% |
3.32% |
1.79% |
2.15% |
0.24% |
| Operating profit above as % of average shareholders' funds before pension liability |
8.30% |
8.47% |
5.26% |
7.81% |
1.03% |
| Staff and postmasters' costs as % ofoperating costs before exceptional item |
73.16% |
70.96% |
69.40% |
69.79% |
67.13% |
| Current assets as % of current liabilities |
242.86% |
235.43% |
214.25% |
177.85% |
111.97% |
* Joint venture turnover excluded
** 2004 is as previously reported under SSAP 24 - Accounting for Pension Costs.
*** In 2006, for statutory accounts presentation purposes, the retrospective pay award was included in arriving at group operating profit. It has been extracted for the purposes of the schedule above as the pay award relates to 2003 and 2004.