BOC Report and accounts 2005 - Alle jaarverslagen

Group five year record 13
Capital employed
£ million
5,000
4,000
3,000
2,000
1,000
0 01 02 03 04 05
Capital expenditure
£ million
500
400
300
200
100
0 01 02 03 04 05
2001 2002 2003 2004 2005
Balance sheet £ million £ million £ million £ million £ million
Fixed assets
– intangible assets 48.1 150.7 206.1 174.9 142.6
– tangible assets 3,168.6 3,027.4 2,913.4 2,618.4 2,639.9
– joint ventures, associates and other
investments 390.3 426.1 608.6 548.2 613.9
Working capital
(excluding bank balances and short-term loans) 257.0 203.1 220.1 154.5 151.8
Deferred tax provisions (294.3) (291.8) (279.2) (253.0) (241.9)
Other non current liabilities and provisions (184.3) (173.7) (145.8) (126.9) (149.7)
Net borrowings and finance leases (1,272.1) (1,325.6) (1,368.1) (962.4) (839.7)
Net assets excluding pension assets
and liabilities 2,113.3 2,016.2 2,155.1 2,153.7 2,316.9
Pension assets 5 107.0 54.3 50.7 68.9 88.7
Pension liabilities 5 (56.0) (311.0) (341.8) (344.5) (352.5)
Net assets including pension assets
and liabilities 2,164.3 1,759.5 1,864.0 1,878.1 2,053.1
Shareholders’ capital and reserves 2,026.7 1,641.6 1,686.7 1,675.3 1,942.0
Minority shareholders’ interests 137.6 117.9 177.3 202.8 111.1
Total capital and reserves 2,164.3 1,759.5 1,864.0 1,878.1 2,053.1
Other selected financial information
Capital employed 6
Total capital and reserves 2,164.3 1,759.5 1,864.0 1,878.1 2,053.1
Non current liabilities and provisions 478.6 465.5 425.0 379.9 391.6
Net borrowings and finance leases 7 1,272.1 1,325.6 1,368.1 962.4 839.7
3,915.0 3,550.6 3,657.1 3,220.4 3,284.4
Total assets 5,000.5 4,904.9 4,883.7 4,665.7 4,726.2
Long-term liabilities and provisions 1,554.5 1,897.5 1,851.5 1,652.9 1,515.6
Capital expenditure 1 352.6 354.3 281.2 256.1 397.3
Depreciation and amortisation 1 329.5 330.9 333.4 324.0 301.9
Employees
UK 10,597 11,266 10,414 10,682 11,014
Overseas 32,574 35,014 34,093 32,701 19,558
Continuing operations 43,171 46,280 44,507 43,383 30,572
Ratios
Return on capital employed 8 10.4% 10.6% 10.9% 14.9% 15.6%
Adjusted return on capital employed 4, 9 13.1% 12.5% 12.6% 15.4% 16.2%
Net debt/capital employed 32.5% 37.3% 37.4% 29.9% 25.6%
Net debt/equity 58.8% 75.3% 73.4% 51.2% 40.9%
5. Pension assets represents the excess of pension assets over pension liabilities in countries where pension assets exceed pension liabilities.
Pension liabilities represents the excess of pension liabilities over pension assets in countries where pension liabilities exceed pension assets.
6. As defined in note 1 b) to the financial statements.
7. Analysed for 2005 and 2004 in note 20 to the financial statements.
8. Operating profit as a percentage of the average capital employed excluding net pension liabilities.The average is calculated on a monthly basis.
9. Operating profit before exceptional items as a percentage of the average capital employed excluding net pension liabilities.The average is
calculated on a monthly basis.