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Five year record

 
£ millions 2010/11(1)
52 weeks
2011/12(1)
52 weeks
2012/13(1),(3)
53 weeks(2)
2013/14(1)
52 weeks(2)
2014/15
52 weeks
  1. Adjusted pre-tax profit and adjusted basic earnings per share restated to exclude contribution from Hornbach, following its disposal in 2014/15. There was no contribution from Hornbach in 2014/15.
  2. Like-for-like sales growth in 2012/13 was calculated by comparing 53 weeks against the equivalent 53 weeks of the prior year. Like-for-like sales growth in 2013/14 is calculated by comparing 52 weeks against the equivalent 52 weeks of the prior year. This only impacts the UK & Ireland businesses with all of the other businesses reporting on a calendar basis. The effect of the 53rd week on the results of the Group in 2012/13 was the inclusion of an additional 72m sales and an immaterial benefit to retail profit.
  3. 2012/13 restated for IAS 19 (revised), ‘Employee benefits’, resulting in the reclassification of £3m of pension administration costs from net finance costs to retail profit.
  4. Other net current (liabilities)/assets and other net non-current liabilities reported above exclude any components of net (cash)/debt.
  5. Excluding business acquisitions.
Income statement          
Sales 10,450 10,831 10,573 11,125 10,966
Retail profit 731 849 752 779 733
Central costs (41) (43) (42) (42) (40)
Share of interest and tax of joint ventures and associates (6) (6) (6) (5) (6)
Operating profit before share of Hornbach post-tax results and exceptional items 684 800 704 732 687
Net finance costs before financing fair value remeasurements and exceptional items (34) (12) (3) (2) (12)
Adjusted pre-tax profit 650 788 701 730 675
Share of Hornbach post-tax results 20 19 14 14
Exceptional items (before tax) (6) (12) (26) 17 (35)
Financing fair value remeasurements 7 2 2 (2) 4
Profit before taxation 671 797 691 759 644
Income tax expense (including exceptional items) (180) (158) (127) (49) (71)
Profit for the year 491 639 564 710 573
           
Balance sheet          
Goodwill and other intangible assets 2,481 2,520 2,565 2,639 2,672
Property, plant and equipment and investment property 3,664 3,722 3,814 3,675 3,233
Investments in joint ventures and associates 259 271 289 32 28
Assets and liabilities held for sale 208 79
Other net current (liabilities)/assets(4) (576) (290) (128) (19) 196
Post-employment benefits (58) (15) (100) 112
Other net non-current liabilities(4) (324) (393) (422) (356) (410)
Capital employed 5,446 5,815 6,118 6,079 5,910
Equity shareholders’ funds 5,452 5,719 6,148 6,308 6,229
Non-controlling interests 8 8 8 9 10
Net (cash)/debt (14) 88 (38) (238) (329)
Capital employed 5,446 5,815 6,118 6,079 5,910
           
Other financial data          
Like-for-like sales growth (0.9%) 1.3% (2.9%) 0.7% 0.5%
Effective tax rate 29% 28% 27% 26% 27%
Basic earnings per share (pence) 21.0 27.5 24.1 30.0 24.3
Adjusted basic earnings per share (pence) 19.6 24.2 21.7 22.8 20.9
Dividend per share (pence) 7.07 8.84 9.46 9.9 10.0
Gross capital expenditure(5) 310 450 316 304 275
Number of stores 856 955 1,025 1,124 1,202

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