|
|
2001
|
2000
|
|
|
Continuing
activities |
Discontinued
activities |
Total |
Continuing
activities |
Discontinued
activities |
Total |
|
|
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
|
|
|
|
|
|
|
|
|
Turnover |
108,987 |
7,607 |
116,594 |
117,463 |
18,577 |
136,040 |
|
Cost of sales |
82,861 |
6,644 |
89,505 |
86,293 |
15,007 |
101,300 |
|
|
|
Gross Profit |
26,126 |
963 |
27,089 |
31,170 |
3,570 |
34,740 |
|
Selling and distribution costs |
9,103 |
559 |
9,662 |
9,043 |
1,216 |
10,259 |
|
Administrative expenses |
12,651 |
886 |
13,537 |
12,014 |
2,193 |
14,207 |
|
|
|
Operating profit/(loss) |
4,372 |
(482) |
3,890 |
10,113 |
161 |
10,274 |
|
Share of operating profit in associates |
8 |
- |
8 |
111 |
- |
111 |
|
(Loss)/profit on sales of business activities |
- |
(562) |
(562) |
- |
462 |
462 |
|
Interest receivable |
72 |
- |
72 |
58 |
- |
58 |
|
Interest payable |
(400) |
- |
(400) |
(329) |
- |
(329) |
|
|
|
Profit/(loss) on ordinary activities before taxation |
4,052 |
(1,044) |
3,008 |
9,953 |
587 |
10,540 |
|
Taxation charge/(credit) |
1,085 |
(157) |
928 |
2,714 |
243 |
2,957 |
|
|
|
Profit/(loss) on ordinary activities after taxation |
2,967 |
(887) |
2,080 |
7,239 |
344 |
7,583 |
|
Equity minority interest |
65 |
- |
65 |
145 |
- |
145 |
|
|
|
Profit/(loss) for the financial year attributable to the members of the parent company |
3,032 |
(887) |
2,145 |
7,384 |
344 |
7,583 |
|
Dividends |
2,948 |
- |
2,948 |
3,323 |
- |
3,323 |
|
|
|
Retained (loss)/profit for the financial year |
84 |
(887) |
(803) |
4,061 |
344 |
4,405 |
|
|
|
Earnings per share and diluted earnings per share (see note 1) |
8.3p |
(2.5p) |
5.8p |
18.4p |
0.9p |
19.3p |
|
|
|
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
There are no recognised gains or losses in the year ended 30 June 2001 other than the profits attributable to shareholders of the Company of £2,145,000 (200: £7,728,000). |
 |
CONSOLIDATED BALANCE SHEET - at 30 June 2001 |
|
|
2001 |
2000 |
|
|
|
|
|
|
|
|
£000 |
£000 |
|
|
Fixed assets |
|
|
|
|
Intangible assets |
74 |
356 |
|
|
Tangible assets |
29,120 |
28,490 |
|
|
Investments |
432 |
451 |
|
|
|
|
|
|
12,651 |
29,297 |
|
|
|
|
|
Current assets |
|
|
|
|
Stocks |
10,896 |
11,744 |
|
|
Debtors |
23,579 |
28,821 |
|
|
Cash at Bank and in hand |
- |
5,623 |
|
|
|
|
|
|
34,475 |
46,188 |
|
|
|
|
|
Creditors: amounts falling due within one year |
|
|
|
|
Trade and othe creditors |
25,893 |
28,527 |
|
|
Taxation |
495 |
1,899 |
|
|
Proposed dividend |
2,098 |
2,358 |
|
|
|
|
|
|
28,486 |
32,784 |
|
|
|
|
|
Net current assets |
5,989 |
13,404 |
|
|
|
|
|
Total assests less current liabilities |
35,615 |
42,701 |
|
|
Creditors: amounts falling due within one year |
2,794 |
3,433 |
|
|
Provisions for liabilities and charges |
451 |
288 |
|
|
Equity minority interest |
114 |
224 |
|
|
|
|
|
Net assets |
32,256 |
38,816 |
|
|
|
|
|
Capital and reserves |
|
|
|
|
Called up share capital |
4,352 |
4,889 |
|
|
Share premium |
26,907 |
26,907 |
|
|
Revaluation reserve |
2,168 |
2,271 |
|
|
Capital redemtpion reserve |
693 |
156 |
|
|
Profit and loss account |
(1,864) |
4,593 |
|
|
|
|
|
Equity shareholders' funds |
32,256 |
38,816 |
|
|
|
|
|
CONSOLIDATED CASH FLOW STATEMENT - for the year ended 30 June 2001 |
|
|
2001 |
2000 |
|
|
|
£000 |
£000 |
|
|
Net cash inflow from operating activities |
6,307 |
10,213 |
|
|
|
|
Returns on investments and servicing of finance |
|
|
|
|
Interest recieved |
72 |
58 |
|
|
Interest paid |
(400) |
(328) |
|
|
Interest element of finance lease payments |
- |
(1) |
|
|
|
|
|
Net cash outflow from returns on investments and servicing of finance |
(328) |
(271) |
|
|
|
|
|
Taxation |
|
|
|
|
UK corporation tax paid |
(2,325) |
(1,951) |
|
|
|
|
|
Capital expenditure and financial investment |
|
|
|
|
Purchase of tangible fixed assets |
(5,052) |
(3,919) |
|
|
Proceeds from sale of tangible fixed assets |
547 |
149 |
|
|
Proceeds from sale of investments |
- |
441 |
|
|
|
|
|
(4,505) |
(3,329) |
|
|
|
|
|
Acquisitions and disposals |
|
|
|
|
Proceeds from sale of business activities |
1,220 |
4,604 |
|
|
Purchase of subsidiary undertaking |
(6) |
(802) |
|
|
Net cash acquired with subsidiary undertaking |
- |
750 |
|
|
Purchase of business activities |
(314) |
- |
|
|
|
|
|
|
900 |
4,552 |
|
|
|
|
|
Equity dividends paid |
(3,208) |
(3,405) |
|
|
|
|
|
Cash (outflow)/inflow before use of liquid resources and financing |
(3,159) |
5,809 |
|
|
|
|
|
Financing |
|
|
|
|
Issuing of ordinary share capital |
- |
18 |
|
|
Repurchase of ordinary share capital |
(5,752) |
26,907 |
|
|
Repayment of amounts borrowed |
(784) |
2,271 |
|
|
Capital element of finance lease payments |
- |
156 |
|
|
|
|
|
|
(6,536) |
(707) |
|
|
|
|
|
(Decrease)/increase in cash in the year |
(9,695) |
5,102 |
|
|
|
|
|
NOTES |
|
1 Earnings Per Share
Both the earnings per share and the diluted earnings per share are based on the profit after tax and minority interest for the financial year of £2,145,000 (2000: £7,728,000) and on the weighted average number of ordinary shares in issue during the year ended 30 June 2001 of 36,718,322 (2000: 40,008,259).
2 Audited Accounts
The above financial information is derived from the statutory accounts for the year ended 30 June 2001 and 30 June 2000, on both of which the auditors have issued an unqualified opinion.
The information does not constitute statutory accounts as defined in Section 240 of the Companies Act 1985.
The accounts for the year ended 30 June 2000 have been filed with the Registrar of Companies; those for the year ended 30 June 2001 will be filed in due course.
Copies of the Annual Report and Accounts will be posted to all shareholders. Copies will be available from the Company Secretary, The Alumasc Group plc, Burton Latimer, Northamptonshire NN15 5JP. |
|
|
