Financial Summary

Financial statistics 2003 2004 2005 2006 2007
  £m £m £m £m £m
           
Revenue and profit          
Port revenue 115.0 118.3 134.2 140.3 159.5
Property revenue 41.3 43.9 17.3 13.3 5.5
           
Group revenue 156.3 162.2 151.5 153.6 165.0
           
Underlying port operating profit 31.4 31.0 34.3 34.1 38.7
Underlying property operating profit/(loss) 22.3 26.4 3.0 4.2 (1.3)
           
Underlying group operating profit 53.7 57.4 37.3 38.3 37.4
Other income 6.3 1.2 28.5 24.1 12.8
One-off expenditure (1.7) (0.6) (3.0) (1.8) (0.0)
Amortisation arising from acquisition - - - - (0.4)
Net finance costs (8.0) (6.7) (6.2) (8.2) (10.3)
Share of results of joint ventures 0.5 10.0 0.5 (3.0) (9.7)
Share of results of associates 2.4 1.3 1.2 2.0 2.5
Gain on disposal of investment
in joint venture
- - - 4.2 -
           
Profit before tax 53.2 62.6 58.3 55.6 32.3
Taxation (14.6) (15.2) (13.9) (14.5) (7.4)
           
Profit for the year 38.6 47.4 44.4 41.1 24.9
           
Balance Sheet          
Non-current assets 294.9 399.9 421.8 423.7 478.3
Current assets 147.4 92.8 96.4 109.1 98.6
Current liabilities (58.3) (43.6) (27.6) (21.2) (31.9)
Net current assets (excluding net debt) 89.1 49.2 68.8 87.9 66.7
Non-current liabilities
(excluding net debt)
(39.4) (46.3) (67.1) (57.5) (44.2)
Net debt (106.4) (161.8) (179.6) (176.6) (205.5)
           
Net assets 238.2 241.0 243.9 277.5 295.3
           
Equity shareholders’ funds 233.9 235.1 239.7 273.2 292.8
Equity minority interests 4.3 5.9 4.2 4.3 2.5
           
Total capital employed 238.2 241.0 243.9 277.5 295.3
           
Figures for the year 2003
are prepared under UK GAAP
(as previously reported).