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Wolseley Annual Report 2009
Other information
- Five year summary
- Pro forma information in United States dollars
- Principal subsidiary undertakings and their directors
- Shareholder information
- Group information
- Forward-looking statement
Pro forma information in United States dollars
| 2009 $m |
2008 (restated) $m |
2007 (restated) $m |
2006 (restated) $m |
2005 (restated) $m |
|
|---|---|---|---|---|---|
| Revenue from continuing operations | |||||
| UK and Ireland | 4,240 | 6,406 | 6,179 | 4,811 | 4,353 |
| France | 3,368 | 4,232 | 3,648 | 3,085 | 3,044 |
| Nordic | 3,319 | 4,580 | 3,254 | – | – |
| Central and Eastern Europe | 1,516 | 1,816 | 1,649 | 1,315 | 1,188 |
| Europe | 12,443 | 17,034 | 14,730 | 9,211 | 8,585 |
| US plumbing and heating | 9,142 | 11,226 | 11,079 | 9,651 | 7,142 |
| Canada | 1,100 | 1,368 | 1,206 | 1,155 | 948 |
| North America | 10,242 | 12,594 | 12,285 | 10,806 | 8,090 |
| 22,685 | 29,628 | 27,015 | 20,017 | 16,675 | |
| Trading profit from continuing operations | |||||
| UK and Ireland | 86 | 352 | 411 | 359 | 339 |
| France | 50 | 206 | 197 | 163 | 181 |
| Nordic | 151 | 318 | 199 | – | – |
| Central and Eastern Europe | – | – | 62 | 55 | 55 |
| Europe central costs | (6) | (20) | (25) | (12) | (7) |
| Europe | 281 | 856 | 844 | 565 | 568 |
| US plumbing and heating | 498 | 794 | 800 | 676 | 481 |
| Canada | 50 | 78 | 82 | 79 | 67 |
| North America plumbing and heating | |||||
| North America loan services | (38) | (38) | (10) | (5) | (4) |
| North America central costs | (13) | (16) | (19) | (20) | (2) |
| North America | 497 | 818 | 853 | 730 | 542 |
| Group central costs | (77) | (100) | (84) | (66) | (46) |
| 701 | 1,574 | 1,613 | 1,229 | 1,064 | |
| Amortisation and impairment of acquired intangibles (other than goodwill) |
(165) | (210) | (171) | (43) | (7) |
| Goodwill amortisation and impairment | (770) | (114) | – | – | – |
| Exceptional items | (719) | (140) | – | – | – |
| Operating (loss)/profit from continuing operations | (953) | 1,110 | 1,442 | 1,186 | 1,057 |
| Net interest payable | (228) | (312) | (232) | (116) | (69) |
| Share of after tax loss of associate | (24) | – | – | – | – |
| (Loss)/profit on ordinary activities before tax from continuing operations |
(1,205) | 798 | 1,210 | 1,070 | 988 |
| Tax credit/(charge) | 53 | (314) | (310) | (383) | (267) |
| (Loss)/profit on ordinary activities after tax from continuing operations |
(1,152) | 484 | 900 | 687 | 721 |
| (Loss)/profit from discontinued operations | (693) | (336) | 23 | 273 | 166 |
| (Loss)/profit attributable to equity shareholders | (1,845) | 148 | 923 | 960 | 887 |
| Ordinary dividends | – | (148) | (411) | (333) | (288) |
| 2009 $m |
2008 $m |
2007 $m |
2006 $m |
2005 $m |
|
|---|---|---|---|---|---|
| Net assets employed | |||||
| Intangible fixed assets | 3,716 | 5,625 | 5,437 | 2,812 | 1,665 |
| Property, plant and equipment | 2,663 | 3,654 | 3,485 | 2,136 | 1,463 |
| Other net assets, excluding liquid funds | 868 | 2,281 | 3,083 | 3,533 | 2,970 |
| 7,247 | 11,560 | 12,005 | 8,481 | 6,098 | |
| Financed by | |||||
| Share capital | 403 | 327 | 335 | 278 | 260 |
| Share premium | 1,926 | 1,882 | 1,917 | 538 | 423 |
| Foreign currency translation reserve | 381 | (103) | (367) | (91) | 144 |
| Profit and loss account | 2,934 | 4,556 | 5,116 | 4,115 | 3,214 |
| Shareholders’ funds | 5,644 | 6,663 | 7,001 | 4,840 | 4,041 |
| Net debt | 1,603 | 4,897 | 5,004 | 3,641 | 2,057 |
| Net assets employed | 7,247 | 11,560 | 12,005 | 8,481 | 6,098 |
| Cumulative goodwill written off | 3,330 | 2,176 | 1,605 | 1,245 | 1,087 |
| Gross capital employed for continuing and discontinued operations |
10,577 | 13,736 | 13,610 | 9,726 | 7,185 |
The above information has been extracted from the five year summary. Income statement figures have been translated using the relevant year’s income statement/profit and loss US dollar translation rate. Balance sheet figures have been translated at the relevant year’s balance sheet US dollar translation rate.