BOC Report and accounts 2005 - Alle jaarverslagen

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02 The BOC Group plc Annual report and accounts 2005 Financial highlights Turnover – subsidiary companies 2005 £3,754.7m 2004 £3,885.4m 2003 £3,718.3m Operating profit 2005 £543.5m 2004 £559.5m 2003 £438.6m Profit before tax 2005 £593.6m 2004 £412.3m 2003 £351.9m Earnings per share 2005 74.1p 2004 53.5p 2003 44.5p Turnover – including share of joint ventures and associates 2005 £4,605.0m 2004 £4,599.3m 2003 £4,323.2m Adjusted operating profit 2005 £564.2m 2004 £576.9m 2003 £505.6m Adjusted profit before tax 2005 £505.7m 2004 £504.3m 2003 £418.9m Adjusted earnings per share 2005 67.5p 2004 63.2p 2003 52.9p 2005 results Analysis by business Turnover (including share of joint ventures and associates) £ million % 1. Process Gas Solutions 1,466.3 32 2. Industrial and Special Products 1,721.7 37 3. BOC Edwards 826.0 18 4. Afrox hospitals 275.1 6 5. Gist 315.9 7 Total 4,605.0 100 3 4 5 1 2 Adjusted operating profit £ million % 1. Process Gas Solutions 207.2 37 2. Industrial and Special Products 289.4 51 3. BOC Edwards 38.1 7 4. Afrox hospitals 37.2 7 5. Gist 24.5 4 Corporate (32.2) (6) Total 564.2 100 3 4 5 1 2
Financial highlights 03 Dividends per share 2005 41.2p 2004 40.0p 2003 39.0p Return on capital employed 2005 15.6% 2004 14.9% 2003 10.9% Adjusted return on capital employed 2005 16.2% 2004 15.4% 2003 12.6% Figures shown as ‘adjusted’ exclude exceptional items. Other figures shown are prepared under UK Generally Accepted Accounting Principles (GAAP) and include all exceptional items. Adjusted figures are presented to provide a more meaningful indication of underlying business performance and trends.These are the primary performance figures used by Group management. In accordance with guidance and regulations issued by UK and US regulatory bodies, where adjusted (or non-GAAP) figures are shown, the comparable GAAP figures are also shown. Reconciliations between the GAAP figures and the adjusted figures are shown in the operating review on pages 40 and 41, and in the Group profit and loss account on page 86. Return on capital employed is defined on page 13. Analysis by region Turnover (including share of joint ventures and associates) £ million % 1. Europe 1,300.8 28 2. Americas 1,222.1 27 3. Africa 586.0 13 4. Asia/Pacific 1,496.1 32 Total 4,605.0 100 4 1 2 3 Adjusted operating profit £ million % 1. Europe 143.7 25 2. Americas 100.0 18 3. Africa 91.3 16 4. Asia/Pacific 229.2 41 Total 564.2 100 1 2 4 3
Page 1 and 2: BOC Report and accounts 2005
Page 3: 01 The BOC Group plc is a public li
Page 7 and 8: Chairman’s statement 05 Conduct a
Page 9 and 10: Chief executive’s review 07 Indus
Page 11 and 12: Board of directors 09 08 09 10 11 1
Page 13 and 14: Executive management board 11 09 10
Page 15 and 16: Group five year record 13 Capital e
Page 17 and 18: Group profile 15 Analysis of result
Page 19 and 20: Group profile 17 Principal industri
Page 21 and 22: Group profile 19 In China, signific
Page 23 and 24: Group profile 21 Sales opportunitie
Page 25 and 26: Employees 23 At 30 September 2005 t
Page 27 and 28: Employees 25 Retirement benefit pla
Page 29 and 30: Social, environmental and ethical p
Page 39 and 40: Research, development and informati
Page 41 and 42: Risk factors 39 BOC relies on devel
Page 43 and 44: Operating review 41 Exceptional ite
Page 45 and 46: Operating review (comparing 2005 wi
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Operating review (comparing 2004 wi
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Financial review 55 Net debt/equity
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Financial review 57 The balance she
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Financial review 59 Manganese litig
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Financial review 61 Current asset p
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Financial review 63 Average exchang
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Corporate governance 65 During the
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Corporate governance 67 Performance
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Corporate governance 69 During the
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Corporate governance 71 There is a
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Report on remuneration 73 Variable
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Report on remuneration 75 Current m
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Report on remuneration 77 Individua
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Report on remuneration 79 Executive
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Report on remuneration 81 Opening m
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Report on remuneration 83 Mr Médor
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Report by the independent auditors
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Group balance sheet At 30 September
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Total recognised gains and losses Y
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Accounting policies 91 General •
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Notes to the financial statements 9
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Group undertakings 139 Principal Gr
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Shareholder information 141 The tab
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Shareholder information 143 Taxatio
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Shareholder information 145 Payment
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Glossary of terms 147 Terms used in
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©The BOC Group plc 2005. Designed
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BOC Report and accounts 2005 - Alle jaarverslagen

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