Contents

FIVE-YEAR FINANCIAL SUMMARY

2010

£m

2009
(Restated note 5)
£m

2008
(Restated note 5)
£m

2007*

£m

2006*

£m

Income statement

Revenue

1,068.9

958.2

879.4

748.3

645.7

Underlying operating profit

269.6

257.0

243.0

202.1

176.7

Net finance costs

(81.6)

(92.2)

(85.6)

(69.2)

(64.3)

Share of profit in joint ventures

1.1

0.8

0.2

0.3

0.1

Underlying profit before tax and exceptional items

189.1

165.6

157.6

133.2

112.5

Non-underlying and exceptional items (before tax)

(5.3)

(6.2)

(5.3)

(2.1)

(58.4)

Taxation

(44.3)

(69.6)

(16.4)

(37.2)

(16.3)

Profit for the year

139.5

89.8

135.9

93.9

37.8

Dividends proposed

79.6

73.4

69.1

65.6

61.0

Underlying earnings per share (basic):
From continuing operations

Earnings per share

39.9p

25.8p

38.9p

26.5p

9.9p

Non-underlying and exceptional items (net of tax)

1.3p

1.2p

1.3p

0.6p

10.4p

Deferred tax

0.4p

11.1p

(2.6p)

3.8p

5.3p

Underlying earnings per share

41.6p

38.1p

37.6p

30.9p

25.6p

Declared dividends per share

22.55p

21.0p

19.81p

18.55p

17.2p

2010

£m

2009
(Restated note 5)
£m

2008
(Restated note 5)
£m

2007*

£m

2006*

£m

Capital expenditure

Acquisitions

9.3

3.4

89.0

37.0

45.8

Property, plant and equipment

190.2

231.8

207.7

245.1

249.7

Balance sheet

Non-current assets

3,183.4

3,036.3

2,931.0

2,728.6

2,527.5

Net current assets/(liabilities)

165.1

40.5

199.7

(56.7)

(61.2)

Non-current liabilities

(2,687.6)

(2,476.2)

(2,485.2)

(2,044.7)

(1,885.1)

Net assets

660.9

600.6

645.5

627.2

581.2

Number of employees (average for year)

Water and sewerage business

1,191

1,227

1,276

1,301

1,299

Waste management

2,853

2,154

2,059

1,686

1,388

Other businesses

43

41

42

38

35

4,087

3,422

3,377

3,025

2,722

* Prior to the application of IFRIC 12 “Service concession arrangements”.