On this page:
2017 |
2018 |
2019 |
2020 |
2021 |
|
|
£m |
£m |
£m |
£m |
£m |
|
|
Revenue |
2,558.6 | 2,957.7 | 3,213.2 | 2,225.4 | 3,122.5 |
|
Operating profit |
571.6 | 652.9 | 674.9 | 321.74 | 531.54 |
|
Net finance expenses |
(11.3) | (13.6) | (14.4) | (13.4) | (11.1) |
|
Share of results of joint ventures |
0.4 | 1.8 | 2.1 | 1.0 | 10.4 |
|
Profit before taxation |
560.7 | 641.1 | 662.6 | 309.34 | 530.84 |
|
Income tax expense |
(106.6) | (121.2) | (124.0) | (57.6)4 | (98.1)4 |
|
Profit for year |
454.1 | 519.9 | 538.6 | 251.74 | 432.74 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
|
£m |
£m |
£m |
£m |
£m |
|
|
ASSETS |
|||||
|
Non-current assets |
48.0 | 59.0 | 83.2 | 99.3 | 102.1 |
| Current assets | 3,099.3 | 3,485.5 | 3,806.7 | 3,984.3 | 4,574.7 |
| LIABILITIES | |||||
| Non-current liabilities | (118.4) | (84.9) | (99.4) | (133.8) | (316.9) |
| Current liabilities | (837.6) | (902.5) | (869.3) | (955.8) | (1,072.1) |
| EQUITY | |||||
| Total equity | 2,191.3 | 2,557.1 | 2,921.2 | 2,944.0 | 3,287.8 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
| Number of homes sold | 9,644 | 10,307 | 10,892 | 7,522 | 10,138 |
| Average price of new homes | £260.4k | £284.9k | £292.0k | £293.1k | £306.5k |
| Underlying gross margin1 | 25.9%^ | 25.6%** | 24.6% | 19.0%4 | 20.9%4 |
| Gross margin | 25.9%^ | 25.6%** | 24.6% | 15.7% | 19.2% |
| Underlying operating margin1 | 22.3% | 22.1% | 21.0% | 14.5%4 | 17.0%4 |
| Operating margin | 22.3% | 22.1% | 21.0% | 11.2% | 15.4% |
| Basic earnings per ordinary share | 370.6p | 423.4p | 437.8p | 156.6p | 316.9p |
| Dividend per ordinary share | 122.0p | 143.0p | 150.4p | 50.0p | 117.5p |
| Underlying return on capital employed1 | 27.6% | 27.2% | 24.7% | 10.8%4 | 16.9%4 |
| Return on capital employed1 | 27.6% | 27.2% | 24.7% | 8.3% | 15.2% |
| Gearing (including preference shares)1 | - | - | - | - | - |
| Net asset value per ordinary share1 | 1,785p | 2,079p | 2,372p | 2,427p | 2,664p |
| Land portfolio - plots with planning permission | 25,655 | 26,877 | 26,421 | 28,289 | 30,933 |
| Weighted average no. of ordinary shares | 122,511,626 | 122,779,199 | 123,012,723 | 123,205,211 | 123,306,035 |
| No. of ordinary shares in issue at end of year | 122,797,958 | 122,980,266 | 123,167,828 | 123,345,834 | 123,396,422 |
1 APM
4 Stated before net legacy building safety expense and exceptional items.
** Restated due to the adoption of IFRS 15 ‘Revenue from contracts with customers’.
^ Not restated following the adoption of IFRS 15 ‘Revenue from contracts with customers’
