Annual Report and Accounts 2005

Financial Highlights

UK support services and construction company Carillion plc announces its Annual Report and Accounts for 2005. These full-year financial results are presented for the first time under International Financial Reporting Standards (IFRS).

Highlights

- Revenue (including joint ventures) up 15% to £2,284m

- Underlying profit before tax* up 15% to £55.5m

- Underlying earnings per share up 10% to 20.4p

- Strong operating cash flow – net cash at 31 December £90.8m

- Final dividend 5.2p per share – total 2005 dividend up 7% to 8p per share

- Order book and framework contracts up 40% to £7 billion

Financial summary

2005

2004

Revenue

   

- including joint ventures

£2,284m

£1,985m

- excluding joint ventures

£2,025m

£1,859m

Underlying profit before tax*

£55.5m

£48.1m

Underlying earnings per share

20.4 p

18.6 p

Profit before tax

£51.9m

£66.8m

Basic earnings per share

18.7p

27.1 p

* Underlying profit is net of tax on profit from joint ventures (2005: £5.0m; 2004: £2.0m) and excludes

- non-operating items, amortisation of intangible assets and goodwill impairment (2005: £3.6m charge; 2004: £11.5m profit)

- a one-off increase in 2004 profit of £7.2m relating to the transfer of rail maintenance to Network Rail

Annual Report and Accounts 2005

Annual Report and Accounts 2005

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