financial+data+excel of ubm

8/12/2019 Financial+Data+Excel of UBM

http://slidepdf.com/reader/full/financialdataexcel-of-ubm 1/100

Consolidated income statementFor the year ended 31 December 2012

Before

exceptional Exceptional

items items

2012 2012

Notes £m £m

Continuing operations

Revenue 2 797.8 -

Other operating income 7.9 -

Operating expenses -637 -

Exceptional operating items 3.1 - -0.9

Amortisation of intangible assets arising on acquisitions -25.7 -

Share of results from joint ventures and associates (after tax) 7.2 -

Group operating profit from continuing operations 150.2 -0.9

Financing income 5.4 5.5 -

Financing expense 5.4 -30.6 3.1

Net financing expense 5.4 -25.1 3.1

Profit before tax from continuing operations 125.1 2.2

Tax 3.2 -6.1 -

Profit for the year from continuing operations 119.0 2.2

Discontinued operations

(Loss)/profit for the year from discontinued operations 6.4 16.5 -179.6

(Loss)/profit for the year 135.5 -177.4

Attributable to:

Owners of the parent entity

Non-controlling interests

Earnings per share (pence)

Continuing operations – basic 3.3Continuing operations – diluted 3.3

Profit for the year – basic 3.3

Profit for the year – diluted 3.3

Group operating profit from continuing operations

Exceptional operating items 3.1

Amortisation of intangible assets arising on acquisitions

Share of tax on profit in joint ventures and associates

Adjusted operating profit from discontinued operations 6.4

Adjusted Group operating profit1



Restated

before Restated

exceptional exceptional Restated

Total items items total

2012 2011 2011 2011

£m £m £m £m

797.8 782.3 - 782.3

7.9 9.4 - 9.4

-637 -620.5 - -620.5

-0.9 - -8.5 -8.5

-25.7 -26.4 - -26.4

7.2 2.3 - 2.3

149.3 147.1 -8.5 138.6

5.5 5.4 - 5.4

-27.5 -29.4 -29.4 -58.8

-22 -24 -29.4 -53.4

127.3 123.1 -37.9 85.2

-6.1 -12.9 - -12.9

121.2 110.2 -37.9 72.3

-163.1 13.6 0.2 13.8

-41.9 123.8 -37.7 86.1

-52.4 75.7

10.5 10.4

-41.9 86.1

45.3p 25.4p

44.5p 25.0p

(21.4)p 31.1p

(21.4)p 30.6p

£m £m

149.3 138.6

0.9 8.5

25.7 26.4

1.1 0.7

26.7 27.7

203.7 201.9



Consolidated Statement of comprehensive incomefor the year ended 31 December 2012

2012 2011

Notes £m £m

(Loss)/profit for the year -41.9 86.1

Other comprehensive income/(loss)

Currency translation differences on foreign operations – Group 5.5 15.6 1.3Net investment hedge 5.5 -28.2 -0.7

Actuarial losses recognised in the pension schemes -28.6 -27.3

Irrecoverable element of pension surplus 3.6 -1

Share of other comprehensive income of joint ventures and associates:

Currency translation differences on foreign operations -0.2 0.1

Share of actuarial losses of associates -0.4 -0.4

-0.6 -0.3

Income tax relating to components of other comprehensive income 3.2 - -

Other comprehensive loss for the year net of tax -38.2 -28

Total comprehensive (loss)/income for the year net of tax -80.1 58.1

Attributable to:

Owners of the parent entity -88.4 47.3

Non-controlling interests 8.3 10.8

-80.1 58.1



Consolidated statement of financial positionat 31 December 2012

31-Dec 31-Dec

2012 2011

Notes £m £m

Assets

Non-current assets

Goodwill 4.1 790.6 1,088.0

Intangible assets 112.0 162.8

Property, plant and equipment 28.4 40.8

Investments in joint ventures and associates 23.1 18.3

Derivative financial instruments 26.5 23.3

Retirement benefit surplus 4.2 10.9

Deferred tax asset 3.2 3.0 -

987.8 1,344.1

Current assets

Inventories 0.3 6.3

Trade and other receivables 200.9 227.8

Cash and cash equivalents 78.5 106.7

Assets of disposal group classified as held for sale 6.4 207.4 -

487.1 340.8

Total assets 1,474.9 1,684.9

Liabilities

Current liabilities

Current tax liabilities 3.2 52.7 65.9

Trade and other payables 333.1 407.8

Provisions 10.5 15.0

Borrowings 5.3 0.2 53.0


a es assoc a e w asse s o sposa group c ass e

as held for sale 6.4 69.2 -

469.1 541.9

Non-current liabilities

Deferred tax liabilities 3.2 27.6 44.9

Trade and other payables 6.0 13.7

Provisions 11.4 14.3

Borrowings 5.3 661.1 580.1


Retirement benefit obligation 54.4 42.4

776.4 731.0

Total liabilities 1,245.5 1,272.9

Equity attributable to owners of the parent entity

Share capital 5.5 24.5 24.5

Share premium 6.6 4.1

Other reserves 5.5 -608.3 -605.1



Retained earnings 792.4 973.9

Put options over non-controlling interests -13 -12.4

Total equity attributable to owners of the parent entity 202.2 385.0

Non-controlling interests 27.2 27.0

Total equity 229.4 412.0

Total equity and liabilities 1,474.9 1,684.9



Consolidated statement of cash flowsfor the year ended 31 December 2012

2012 2011

Notes £m £m

Cash flows from operating activities

Reconciliation of (loss)/profit to operating cash flows

Profit for the year from continuing operations 121.2 72.3(Loss)/profit for the year from discontinued operations 6.4 -163.1 13.8

(Loss)/profit for the year -41.9 86.1

Add back:

Exceptional items and charges to provisions (excluding fair value

adjustments below) 180.3 39.6

Fair value adjustments of contingent consideration 6.1 -2.9 -1.9

Tax 3.2 6.3 15.9

Amortisation of intangible assets 35.7 37.5

Amortisation of website development costs 3.9 2.4

Depreciation 12.6 14.4

Share of results from joint ventures and associates (after tax) -7.9 -2.9

Financing income 5.4 -5.5 -5.4

Financing expense 5.4 30.6 29.4

Other non-cash items 6.1 5.8

217.3 220.9

Payments against provisions -11.9 -14.2

Pension deficit contributions -3.2 -3.1

Decrease in inventories 0.2 1.0

Increase in trade and other receivables -8.5 -23.8

(Decrease)/increase in trade and other payables -4.1 22.9

Cash generated from operations 189.8 203.7

Interest and finance income received 1.0 1.0

Interest and finance costs paid -31.2 -28.8

Tax paid 3.2 -29.7 -29.9

Dividends received from joint ventures and associates 1.1 1.3

Net cash flows from operating activities 131.0 147.3

Net cash flows from operating activities – continuing 116.0 130.7

Net cash flows from operating activities – discontinued 15.0 16.6

Cash flows from investing activities

Acquisition of interests in subsidiaries, net of cash acquired 6.1 -57.6 -62.4

Purchase of property, plant and equipment -11.6 -14.8

Expenditure on intangible assets -16.5 -5.2

Proceeds from sale of businesses, net of cash disposed 6.3 10.1 12.1

Advances to joint ventures and associates -0.4 -

Advances to non-controlling interest partners -2.9 -

Net cash flows from investing activities -78.9 -70.3

Net cash flows from investing activities – continuing -73.7 -65.7

Net cash flows from investing activities – discontinued -5.2 -4.6



Cash flows from financing activities

Proceeds from issuance of ordinary share capital 2.5 1.1

Acquisition of non-controlling interests 6.2 -30.7 -0.1

Dividends paid to shareholders -65.3 -61.5

Dividends paid to non-controlling interests -9.5 -10.6

Investment in own shares – ESOP -8.1 -

Increase in borrowings 94.9 68.5

Repayment of €53.1m floating rate reset loans -52.7 -

Repayment of £75m floating rate reset bonds - -94.1

Net cash flows from financing activities -68.9 -96.7

Net cash flows from financing activities – continuing -55.1 -81.1

Net cash flows from financing activities – discontinued -13.8 -15.6

Net decrease in cash and cash equivalents -16.8 -19.7

Net foreign exchange difference -3.1 0.5

Cash and cash equivalents at 1 January 106.6 125.8

Cash and cash equivalents at 31 December 86.7 106.6

financial+data+excel of ubm

Documents