Group Two Year Summary
| Income
Statement |
52-week pro forma
to
3 March 2007
£m
|
|
52-week pro forma to
4 March 2006
£m |
| Argos |
4,164.0 |
|
3,858.8 |
| Homebase |
1,594.2 |
|
1,559.0 |
| Financial Services |
93.2 |
|
92.5 |
| Sales |
5,851.4 |
|
5,510.3 |
| |
|
|
|
| Argos |
325.0 |
|
297.0 |
| Homebase |
53.4 |
|
51.4 |
| Financial Services |
5.0 |
|
6.1 |
| Central Activities |
(24.0) |
|
(22.7) |
| Benchmark operating profit |
359.4 |
|
331.8 |
| |
|
|
|
| Benchmark PBT |
376.7 |
|
337.1 |
| |
|
|
|
Statistics
|
|
|
|
| Argos |
|
|
|
| Like-for-like change in sales |
2.4% |
|
(1.4%) |
New space contribution to sales change
|
5.5% |
|
7.5% |
| Total sales change |
7.9% |
|
6.1% |
| |
|
|
|
| Number of stores at period end |
680 |
|
655 |
| Of which Argos Extra stocked-in |
238 |
|
189 |
| |
|
|
|
| Homebase |
|
|
|
| Like-for-like change in sales |
(1.4%) |
|
(3.1%) |
| New space contribution to sales change |
3.6% |
|
3.1% |
| Total sales change |
2.2% |
|
0.0% |
| |
|
|
|
| Number of stores at period end |
310 |
|
297 |
| Of which contain a mezzanine floor |
165 |
|
144 |
| |
|
|
|
| Financial Services |
|
|
|
| Store card gross receivables £m |
448 |
|
378 |
| |
|
|
|
| Balance Sheet |
3 March 2007
£m |
|
31 March 2006
£m
|
| Invested capital |
3,011.8 |
|
3,107.2 |
| Retirement benefit assets |
9.3 |
|
25.5 |
| Net tax liabilities |
(2.6) |
|
(4.8) |
| Pro forma net cash/(debt) |
60.2 |
|
(200.0) |
| Pro forma net assets |
3,078.7 |
|
2,927.9 |
| Net GUS group balances |
– |
|
22.0 |
| Reported net assets |
3,078.7 |
|
2,949.9 |
| |
|
|
|
| Earnings and Dividends |
52-week pro forma
to
3 March 2007 |
|
52-week pro forma to
4 March 2006 |
| Basic benchmark EPS |
29.3p |
|
25.6p |
| Dividends per share (Interim paid and final proposed) |
13.0p |
|
n/a |
| Dividend cover |
2.25x |
|
n/a |
The change in both the year-end and the Group's capital structure
on demerger result in statutory reported results that are non-comparable.
To assist with analysis and comparison, certain pro forma information
has therefore been provided to eliminate the distortions of these
two impacts on the performance of Home Retail Group.
Top of page
|
