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Five Year Financial Summary

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2011
€'000		 2010
€'000		 2009
€'000		 2008
€'000		 2007
€'000

Consolidated Profit & Loss Account
Turnover 806,714 805,120 804,216 850,043 875,983
Operating costs (804,498) (799,282) (798,475) (818,808) (846,857)

Operating Profit
2,216
5,838
5,741
31,235
29,126
Asset disposals - - - - 1,516
Business restructuring - (20,000) - - -
Share of results of joint venture - (6,590) (10,750) (9,685) (12,475)
Other finance income / (expense) 1,550 (3,950) (20,560) 18,340 31,250
Profit / (loss) before taxation 3,766 (24,702) (25,569) 39,890 49,417

Consolidated Balance Sheet
2011
€'000		 2010
€'000		 2009
€'000		 2008
€'000		 2007
€'000

Fixed assets
291,129
279,323
242,704
211,465
206,682
Net current assets 70,727 95,925 166,423 235,998 235,556
Other liabilities (42,893) (51,383) (53,550) (63,705) (73,130)
Net assets excluding pension liability 318,963 323,865 355,577 383,758 369,108
Pension liability (483,594) (368,498) (403,252) (582,300) (114,300)
Net (liabilities)/assets including pension liability (164,631) (44,633) (47,675) (198,542) 254,808

Capital and reserves
(164,631)
(44,633)
(47,675)
(198,542)
254,808



Ratios
2011 2010 2009 2008 2007

Operating profit above as % of turnover
0.27%
0.73%
0.71%
3.67%
3.32%

Operating profit above as % of average shareholders' funds before pension liability
0.68%
1.68%
1.55%
8.30%
8.47%

Staff and postmasters' costs as % of operating costs before exceptional item
71.65%
72.0%
73.76%
73.16%
70.96%

Current assets as % of current liabilities
136.0%
148.1%
190.50%
242.86%
235.43%