Submission of Accounts

RNS Number : 9418U

Wetherspoon (JD) PLC

21 May 2008

 



JD Wetherspoon PLC

21 May 2008

Submission of Accounts

As indicated in the circular to shareholders dated 29 April 2008, accounts for the nine month period ending 27 April 2008 have today been submitted to Companies House. A summary profit and loss account, statement of recognised income and expense and balance sheet for the period are shown below.

The Company commented on current trading relating to the 13 week period ending 27 April 2008 in its Third Quarter Trading Update released on 29 April 2008. The next trading update will be the Company's pre-close statement, to be issued on 16 July 2008.

Enquiries:

Keith Down	Finance Director	01923 477777

Profit and loss account for the 9 month period ended 27 April 2008

	Period ended 27 April 2008 £000
Revenue	669,624
Operating costs	(605,467)
Operating profit	64,157
Finance income	98
Finance costs	(24,211)
Profit before tax	40,044
Tax expense	(14,251)
Profit for the period	25,793

Statement of recognised income and expense for the 9 month period ended 27 April 2008

	Period ended 27 April 2008 £000
Cash flow hedges: net (loss)/gain taken to equity	(5,603)
Tax on items taken directly to equity	1,569
Net (loss)/gain recognised directly in equity	(4,034)
Profit for the period	25,793
Total recognised income for the period	21,759

Balance sheet as at 27 April 2008

	Period ended 27 April 2008 £000
Assets
Non-current assets
Property, plant and equipment	788,709
Intangible assets	4,030
Other non-current assets	6,919
Deferred income tax assets	606
Total non current assets	800,264
Current assets
Inventories	18,005
Other receivables	13,726
Assets held for sale	179
Cash and cash equivalents	11,354
Total current assets	43,264
Total assets	843,528
Liabilities
Current liabilities
Trade and other payables	(97,809)
Financial liabilities	(844)
Current income tax liabilities	(10,148)
Total current liabilities	(108,801)
Non-current liabilities
Financial liabilities	(456,716)
Derivative financial instruments	(20,347)
Deferred tax liabilities	(77,770)
Provisions and other liabilities	(5,944)
Total non-current liabilities	(560,777)
Net assets	173,950
Shareholders’ equity
Ordinary shares	2,811
Share premium account	141,835
Capital redemption reserve	1,609
Retained earnings	27,695
Total shareholders’ equity	173,950

On behalf of the board

Keith Down

21 May 2008

Notes to editors

1.    JD Wetherspoon owns and operates pubs throughout the UK. The Company aims to provide customers with good-quality food and drink, served by well-trained and friendly staff, at reasonable prices. The pubs are individually designed and the Company aims to maintain them in excellent condition.

 

2.    Visit our website at www.jdwetherspoon.co.uk.

 

3.    This announcement has been prepared solely to provide additional information to the shareholders of JD Wetherspoon, in order to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied on by any other party for other purposes. Forward-looking statements have been made by the directors in good faith using information available up until the date that they approved this statement. Forward-looking statements should be regarded with caution because of the inherent uncertainties in economic trends and business risks.

 

 

END

 

 

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