Jenners,Princes Street,Edinburgh Ld
15 May 2003
PRELIMINARY GROUP RESULTS
FOR THE YEAR TO 2 FEBRUARY 2003
Year to Year to
2 February 2003 27 January 2002
£000 £000
Turnover (excluding VAT) 47,488 46,830
========== ========
Operating Profit 2,597 3,030
Interest (net) 360 573
---------- --------
Profit before Taxation 2,957 3,603
Taxation (note 2) 845 1,320
========== ========
Profit after Taxation attributed to
members 2,112 2,283
---------- --------
Dividends:
Paid - Preference Shares 142 142
Paid - Ordinary Shares Interim 689 (82p) 689 (82p)
Proposed - Ordinary Shares Final 622 (74p) 638 (76p)
---------- --------
1,453 1,469
========== ========
Earnings per Ordinary Share 234.5p 254.9p
========== ========
(note 3)
Notes
-------
1. The information disclosed above does not constitute
statutory accounts.
2. Corporation tax is based on the profit for the year to 2
February 2003 at 30 per cent (2002 - 30 per cent).
3. Earnings per Ordinary Share is based on profit after
preference dividend and on 840,000 Ordinary Shares in
issue.
4. This information will be sent to shareholders and will be
available to members of the public at the Company's
registered office, 48 Princes Street, Edinburgh, EH2
2YJ.
15 May 2003
Group balance sheet
at 2 February 2003
Fixed assets 2 February 27 January
2003 2002
£ £
Tangible fixed assets 15,448,231 11,278,871
Investments 45,000 45,000
-------- --------
15,493,231 11,323,871
Current assets
Stocks 6,277,130 5,821,656
Debtors 3,065,095 3,673,122
Cash at bank and in hand 10,104,656 15,238,427
--------------- ------------
19,446,881 24,733,205
Creditors: amounts falling due within 5,650,673 7,276,842
one year
--------------- -------------
Net current assets 13,796,208 17,456,363
Creditors: amounts falling due after 150,000 300,000
more than one year
--------------- -------------
Total assets less current 29,139,439 28,480,234
liabilities
--------------- --------------
Capital and reserves
Called up share capital 2,262,400 2,262,400
Capital redemption reserve 21,578 21,578
Revenue reserves 26,855,461 26,196,256
-------------- --------------
29,139,439 28,480,234
--------------- ---------------
Shareholders' funds:
Equity 27,717,039 27,057,834
Non-equity 1,422,400 1,422,400
-------------- -------------
Total 29,139,439 28,480,234
--------------- ------------
Group statement of cash flows
for the year ended 2 February 2003
2 February 27 January
2003 2002
£ £
Net cash inflow from operating 3,622,485 5,152,162
activities
Returns on investment and servicing of
finance
Interest paid (55,632) (901)
Interest received 444,525 551,388
Preference dividend paid (142,240) (142,240)
--------------- ---------------
Net cash inflow from returns on
investments
and servicing of finance 246,653 408,247
--------------- ---------------
Taxation
UK Corporation tax paid (1,246,027) (1,494,592)
--------------- ---------------
Capital expenditure and financial
investment
Payments to acquire tangible fixed (6,433,516) (1,565,568)
assets
Receipts from sales of tangible fixed 3,834 33,974
assets
--------------- ---------------
(6,429,682) (1,531,594)
--------------- ---------------
Equity dividends paid (1,327,200) (1,276,800)
Management of liquid resources 6,100,000 (600,000)
--------------- ---------------
Increase in cash 966,229 657,423
--------------- ---------------
Contact:
ELIZABETH BARCLAY 0131 260 2324
This information is provided by RNS
The company news service from the London Stock Exchange
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