FINANCIAL REVIEW SUMMARY - - PDF document

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FINANCIAL REVIEW SUMMARY - - PDF document

Jun 30, 2023 164 likes •250 views

44 INTERSERVE ANNUAL REPORT 2013 STRATEGIC REPORT FINANCIAL REVIEW FINANCIAL REVIEW SUMMARY

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SLIDE 1

44 INTERSERVE ANNUAL REPORT 2013 STRATEGIC REPORT FINANCIAL REVIEW

  • FINANCIAL REVIEW

SUMMARY

within H2 2013

  • REVENUE AND OPERATING PROFIT
  • are mixed with the UAE beginning to show signs of recovery
  • Average rates

Closing rates 2013 2012 2013 2012

  • 1.57
  • 1.65
  • 1.63
  • 1.86
  • 5.72
  • 6.00
  • UAE Dirham

5.76

  • 6.06
  • INVESTMENT REVENUE AND FINANCE COSTS
  • £million

2013 2012

  • (4.8)
  • 0.6
  • (1.4)
  • (5.6)
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SLIDE 2

45 INTERSERVE ANNUAL REPORT 2013 STRATEGIC REPORT FINANCIAL REVIEW

OVERVIEW STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS

  • an iconic roof has been designed to give the structure
  • CASE STUDY

WEST KOWLOON TERMINUS BUILDING EXPRESS RAIL LINK

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SLIDE 3
  • FINANCIAL REVIEW
  • return on scheme assets and the discount rate on scheme
  • TAXATION
  • £million

2013 2012

  • Tax

Rate

  • Rate
  • 52.4

14.0 26.7%

  • 17.2

– 0.0%

  • charge and rate

69.6 14.0 20.1%

  • 3.6

– –

  • Interserve India

writedown (5.1) – –

  • –

(0.9) –

  • 68.1

13.1 19.2%

  • DIVIDEND
  • NET DEBT AND CASH FLOW
  • £million

2013 2012

  • items and amortisation of
  • 69.4
  • (2.1)
  • Depreciation and amortisation

33.8

  • (33.7)
  • (13.4)
  • 5.5
  • (19.7)
  • 39.8
  • the income statement charge

(18.5)

  • Dividends received from associates
  • 13.7
  • (5.7)
  • Other

(5.3)

  • 24.0
  • Dividends paid

(29.1)

  • Investments (net)

(10.6)

  • (0.2)
  • (49.1)
  • 0.6
  • (64.4)
  • 46

INTERSERVE ANNUAL REPORT 2013 STRATEGIC REPORT FINANCIAL REVIEW

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SLIDE 4

47

OVERVIEW STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS

  • DISPOSALS/PFI
  • ACQUISITIONS

We continued the process of reinvesting the proceeds raised

  • CASE STUDY

TRANSFORMING EDINBURGH’S HAYMARKET

  • INTERSERVE ANNUAL REPORT 2013 STRATEGIC REPORT FINANCIAL REVIEW
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SLIDE 5
  • FINANCIAL REVIEW
  • PENSIONS
  • £million

2013 2012

  • 826.9
  • (819.2)
  • Deferred tax thereon

(1.8)

  • 5.9
  • 48

INTERSERVE ANNUAL REPORT 2013 STRATEGIC REPORT FINANCIAL REVIEW

  • investment, support and infrastructure to further
  • CASE STUDY

DELIVERING HEALTHCARE AT HOME

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SLIDE 6

49

OVERVIEW STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS

  • Investment risks
  • Having focused in recent years on investment strategy and
  • IAS 19 assumptions and sensitivities

Assumptions adopted in assessment of the income statement

  • Assumption adopted
  • Indicative change
  • 2013

2012

  • assumptions

Discount rate 4.5%

  • 3.4% /

2.4%

  • Life

expectancy (years)

  • pensioners1

Men 87.4

  • Women

89.4

  • pensioners2
  • Men

89.2

  • Women

90.9

  • 1

2

INTERSERVE ANNUAL REPORT 2013 STRATEGIC REPORT FINANCIAL REVIEW Opening

  • 20
  • 20
  • 40
  • 60
  • 80
  • 100
  • 120
  • 140

£ million Service cost & administration expenses Contributions Tax movement Change in liabilities Return on assets Closing

  • 77.8

53.6 82.8 73.5 21.5 5.9 9.3

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SLIDE 7
  • FINANCIAL REVIEW
  • TREASURY RISK MANAGEMENT
  • Liquidity risk
  • Market price risk
  • Foreign currency risk

Transactional currency translation

  • Consolidation currency translation
  • GOING CONCERN
  • A M Ringrose

T P Haywood

Director Director

50 INTERSERVE ANNUAL REPORT 2013 STRATEGIC REPORT FINANCIAL REVIEW

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SLIDE 8

51

OVERVIEW STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS

  • CASE STUDY

BUILDING INFORMATION MODELLING

INTERSERVE ANNUAL REPORT 2013 STRATEGIC REPORT FINANCIAL REVIEW