On this page:
2014 ^ |
2015 |
2016 |
2017 |
2018 |
|
|
£m |
£m |
£m |
£m |
£m |
|
|
Revenue |
1,484.8 | 1,765.4 | 2,240.7 | 2,558.6 | 2,957.7 |
|
Operating profit |
255.6 | 360.5* | 492.0 | 571.6 | 652.9 |
|
Net finance expenses |
(9.9) | (13.1) | (11.1) | (11.3) | (13.6) |
|
Share of results of joint ventures |
0.3 | (0.1) | (0.3) | 0.4 | 1.8 |
|
Profit before taxation |
246.0 | 347.3* | 480.6* | 560.7 | 641.1 |
|
Income tax expense |
(54.6) | (69.6)* | (95.0) | (106.6) | (121.2) |
|
Profit for year |
191.4 | 277.7* | 385.6* | 454.1 | 519.9 |
2014 ^ |
2015 |
2016 |
2017 |
2018 |
|
|
£m |
£m |
£m |
£m |
£m |
|
|
ASSETS |
|||||
|
Non-current assets |
80.4 | 48.1 | 33.3 | 48.0 | 59.0 |
| Current assets | 1,882.0 | 2,241.2 | 2,687.5 | 3,099.3 | 3,485.5 |
| LIABILITIES | |||||
| Non-current liabilities | (74.3) | (60.3) | (96.2) | (118.4) | (84.9) |
| Current liabilities | (522.0) | (653.1) | (757.6) | (837.6) | (902.5) |
| EQUITY | |||||
| Total equity | 1,366.1 | 1,575.9 | 1,867.0 | 2,191.3 | 2,557.1 |
2014 ^ |
2015 |
2016 |
2017 |
2018 |
|
| Number of homes sold | 6,851 | 7,752 | 8,721 | 9,644 | 10,307 |
| Average price of new homes | £213.2k | £223.8k | £252.8k | £260.4k | £284.9k |
| Pre-exceptional gross margin ~ | 21.3% | 24.2%* | 25.7% | 25.9% | 25.5% |
| Gross margin | 21.3% | 24.6% | 25.7% | 25.9% | 25.5% |
| Pre-exceptional operating margin ~ | 17.2% | 20.4%* | 22.0% | 22.3% | 22.1% |
| Operating margin | 17.2% | 20.8% | 22.0% | 22.3% | 22.1% |
| Basic earnings per ordinary share | 157.0p | 231.5p | 328.7p | 370.6p | 423.4p |
| Dividend per ordinary share | 52.0p | 77.0p | 108.0p | 122.0p | 143.0p |
| Pre-exceptional return on capital employed ~ | 19.6% | 23.9%* | 28.2% | 27.6% | 27.2% |
| Return on capital employed ~ | 19.6% | 24.4% | 28.2% | 27.6% | 27.2% |
| Gearing (including preference shares) ~ | - | 2.4% | - | - | - |
| Net asset value per ordinary share ~ | 1,118p | 1,286p | 1,522p | 1,785p | 2,079p |
| Land portfolio - plots with planning permission | 19,434 | 21,411 | 24,879 | 25,655 | 26,877 |
| Weighted average no. of ordinary shares | 121,919,049 | 122,315,198 | 122,558,261 | 122,511,626 | 122,779,199 |
| No. of ordinary shares in issue at end of year | 122,191,378 | 122,521,915 | 122,685,986 | 122,797,958 | 122,980,266 |
^ Restated
* Stated before exceptional item.
~ Bellway uses a range of statutory performance measures and alternative performance measures when reviewing the performance of the Group against its strategy. Definitions of the alternative performance measures, and a reconciliation to statutory performance measures can be found in the latest Annual Report and Accounts.
