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Five year summary


For year ended 31 December
 
2016
IFRS
£m
 
2015
IFRS
£m
 
2014
IFRS
£m
 
2013
IFRS
£m
 
2012
IFRS
£m
Revenue and profit
Revenue

1,054.8

946.5

809.4

556.0

425.5
Operating profit before financing costs
Net financing costs
Share of result of Joint Venture
160.0
(5.6)
0.3
163.5
(5.2)
1.8
137.6
(4.4)
0.3
82.8
(4.3)
0.3
56.7
(3.7)
0.2
Profit before tax
Tax
154.7
(33.9)
160.1
(32.1)
133.5
(28.3)
78.8
(18.7)
53.2
(13.0)
Profit after tax 120.8 128.0 105.2 60.1 40.2
Balance sheet
Equity shareholders’ funds
Net (cash)/debt

1,015.9

(38.6)

957.8
(30.0)

879.1
(5.2)

810.3
18.0

758.8
(18.8)
Capital employed 977.3 927.8 873.9 828.3 740.1
Returns
Operating margin (note 1)
Return on shareholders’ funds (note 2)
Return on capital employed (note 3)

15%

13%

17%

17%
15%
18%

17%
13%
16%

15%
8%
11%

13%
6%
8%
Homes
(including units sold on third party owned land)

Number of unit completions
Average sales price (£’000)


3,977
254.9


3,934
231.6


3,635
216.6


2,813
195.1


2,355
170.7
Ordinary shares
Earnings per share (p) (note 4)

90.1

95.4

78.6

44.9

30.2
Dividends per share
Paid (p)
Interim paid and final proposed (p)

41.3
45.0


36.7
40.0

21.5
35.0

10.0
13.5

6.5
9.0

Note 1; Operating margin has been calculated as operating profit over turnover, stated before exceptional charges.
Note 2; Return on shareholders’ funds has been calculated as pre-exceptional profit after interest and tax over opening shareholders’ funds.
Note 3; Return on capital employed has been calculated as operating profit over the average of opening and closing shareholders’ funds plus net debt or less net cash, excluding investment in Joint Ventures
Note 4; Earnings per share is calculated on a pre-exceptional basis.