Financial Summary
Group Profit and Loss account
| IFRS Audited 30 June year end 2008 £'000s |
IFRS Audited 15 Months to 30 June 2007 £'000s |
Restated under IFRS Audited 31 March year end 2006 £'000s |
UK GAAP Audited 31 March year end 2005 £'000s |
UK GAAP Audited 31 March year end 2004 £'000s | |
|---|---|---|---|---|---|
| Turnover | 23,413 | 41,032 | 28,664 | 27,326 | 32,117 |
| Other operating income | 692 | 3,436 | 3,566 | 2,722 | 2,022 |
| Revaluation surplus | 1,207 | 262 | |||
| Group operating profit before exceptional items | 1,899 | 3,698 | 3,566 | 2,722 | 2,022 |
| Non-recurring operating items | - | - | (284) | - | - |
| Profit on ordinary activities before interest | 1,899 | 3,698 | 3,282 | 2,722 | 2,022 |
| Net interest | (1,309) | (915) | (329) | (524) | (451) |
| Profit on ordinary activities before tax | 590 | 2,783 | 2,953 | 2,198 | 1,571 |
| Tax on profit on ordinary activities | 109 | (671) | (567) | (398) | (336) |
| Profit on ordinary trading after tax for year | 699 | 2,112 | 2,386 | 1,800 | 1,235 |
| Exceptional non trading items (Net of tax) | - | - | 401 | (63) | (467) |
| Retained profit | 699 | 2,112 | 2,787 | 1,737 | 768 |
Group Balance Sheet
| 30 June year end IFRS 2008 £'000s |
30 June year end IFRS 2007 £'000s |
Restated under IFRS 31 March year end 2006 £'000s |
UK GAAP 31 March year end 2005 £'000s |
UK GAAP 31 March year end 2004 £'000s | |
|---|---|---|---|---|---|
| Fixed Tangible Assets | 955 | 437 | 353 | 340 | 368 |
| Investment Properties | 4,148 | 1,516 | - | - | - |
| Intangible Assets | 2,455 | 2,455 | 2,455 | 2,471 | 2,628 |
| Other Receivables | 395 | - | - | - | - |
| Stock and WIP | 39,101 | 34,793 | 30,168 | 21,786 | 18,726 |
| Other working capital | (5,470) | (7,145) | (7,155) | (1,297) | (2,460) |
| Provisions for liabilities and charges | (444) | (444) | (448) | (529) | (895) |
| Net Operating assets | 41,140 | 31,612 | 25,373 | 22,771 | 18,367 |
| Shareholder's funds | 21,435 | 20,860 | 18,813 | 15,715 | 13,978 |
| Net Debt | 19,705 | 10,752 | 6,560 | 7,056 | 4,389 |
| 41,140 | 31,612 | 25,373 | 22,771 | 18,367 | |
| Volumes | year | 15 months | year | year | year | |
|---|---|---|---|---|---|---|
| Residential exchanges - units | 80 | 160 | 107 | 118 | 126 | |
| Commercial buildings - sq ft | 98,000 | 87,000 | 52,750 | 42,378 | 33,300 | |
| Commercial land - sq ft equivalent | - | - | - | 48,420 | - | |
| Ratios | ||||||
| Interest cover before exceptional items (times) | 1.45 | 4.04 | 10.84 | 5.19 | 4.48 | |
| Gearing | 91.9% | 51.5% | 34.9% | 44.9% | 31.4% | |
| Statistics | ||||||
| Return on average shareholders funds | 3.3% | 10.6% | 16.1% | 11.7% | 5.7% | |
| Earnings per share - Basic before exceptional and non-recurring items | 2 | 8.51p | 25.71p | 0.92p | 0.62p | 0.43p |
| Earnings per share - Basic | 2 | 8.51p | 25.71p | 0.96p | 0.60p | 0.27p |
| Shareholder's funds per share | 1 | 260.98p | 253.98p | 5.73p | 5.45p | 4.84p |
| Growth in shareholder's funds | 2.8% | 10.9% | 19.7% | 12.4% | 6.3% | |
| Shares in issue | 20p Shares | 20p Shares | 0.5p Shares | 0.5p Shares | 0.5p Shares | |
| Shares in issue at year end * | 1 | 8,213,250 | 8,213,250 | 328,529,426 | 288,529,426 | 288,529,426 |
| Weighted average number of shares* in issue in the year | 2 | 8,213,250 | 8,213,242 | 291,597,919 | 288,529,426 | 288,332,705 |
The values to 31 June or 31 March of each year extracted from the audited accounts. The interim values to 31 December of any year are extracted from the unaudited Interim Accounts Statement
*On 19 January 2007 at our Extraordinary General Meeting, a consolidation or the Artisan (UK) plc shares was approved. This is fully detailed in the Notice of the Extraordinary General Meeting. After a small issue of share to account for roundings the resulting shares in issue were 8,213,250 Ordinary shares of 20p each; a net consolidation of 1 for 40.
