REG - Goodwin PLC - Half Yearly Report <Origin Href="QuoteRef">GDWN.L</Origin> - Part 2
18/12/2014 09:11
- Part 2: For the preceding part double click ID:nRSR1144Aa
71,264 130,828
Mechanical Engineering Refractory Engineering Sub Total
UnauditedHalf Year Ended 31st October 2014 UnauditedHalf Year Ended 31st October 2013 AuditedYear Ended 30th April 2014 UnauditedHalf Year Ended 31st October 2014 UnauditedHalf Year Ended 31st October 2013 AuditedYear Ended 30th April 2014 UnauditedHalf Year Ended 31st October 2014 UnauditedHalf Year Ended 31st October 2013 AuditedYear Ended 30th April 2014
£000 £000 £000 £000 £000 £000 £000 £000 £000
Profits
Segment result including associates 11,401 11,167 19,290 2,418 1,665 3,763 13,819 12,832 23,053
Group administration costs (34) (157) 1,802
Group finance and treasury costs (335) (395) (760)
Consolidated profit before tax for the period 13,450 12,280 24,095
Tax (2,907) (2,488) (4,448)
Consolidated profit after tax for the period 10,543 9,792 19,647
Segmental assets and liabilities
Segmental total assets Segmental total liabilities Segmental net assets
Unaudited Unaudited Audited Unaudited Unaudited Audited Unaudited Unaudited Audited
Half Year Ended 31st October 2014£'000 Half Year Ended 31st October 2013£'000 Year Ended 30th April 2014£'000 Half Year Ended 31st October 2014£'000 Half Year Ended 31st October 2013£'000 Year Ended 30th April 2014£'000 Half Year Ended 31st October 2014£'000 Half Year Ended 31st October 2013£'000 Year Ended 30th April 2014£'000
Mechanical Engineering 74,671 73,875 69,717 48,736 49,287 54,254 25,935 24,588 15,463
Refractory Engineering 31,639 23,456 24,399 14,005 9,822 11,482 17,634 13,634 12,917
Sub total reportable segment 106,310 97,331 94,116 62,741 59,109 65,736 43,569 38,222 28,380
Goodwin PLC (the Company) net assets 55,620 41,103 58,526
Investments elimination / Goodwill adjustments (15,394) (8,524) (8,869)
Other consolidation adjustments (2,354) (1,835) (467)
Consolidated total net assets 81,441 68,966 77,570
Geographical segments
Half Year Ended 31st October 2014 Half Year Ended 31st October 2013
Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited
Revenue Operational assets Non current assets PPE Capital expenditure Revenue Operational assets Non current assets PPE Capital expenditure
£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000
UK 14,251 63,669 52,667 5,717 14,442 55,063 44,776 7,288
Rest of Europe 14,750 5,642 427 170 11,393 4,725 442 108
USA 5,967 - - - 9,485 - - -
Pacific Basin 25,660 9,031 1,934 770 19,377 7,624 1,356 126
Rest of World 12,342 3,099 5,008 285 16,567 1,554 4,816 429
Total 72,970 81,441 60,036 6,942 71,264 68,966 51,390 7,951
Year Ended 30th April 2014
Audited Revenue Audited Operational assets AuditedNon current assets AuditedPPE Capital expenditure
£'000 £'000 £'000 £'000
UK 27,684 63,355 49,891 14,143
Rest of Europe 25,209 5,755 130 253
USA 16,541 - - -
Pacific Basin 36,225 7,522 1,038 217
Rest of World 25,169 938 4,864 866
Total 130,828 77,570 55,923 15,479
The Group operates in the above principal locations. In presenting the
information on geographical segments, revenue is based on the location of its
customers and assets on the location of the assets.
6. Dividends
The Directors do not propose the payment of an interim dividend.
Unaudited Unaudited Audited
Half Year to31st October2014 Half Year to31st October2013 Year Ended30th April2014
£000 £000 £000
Equity Dividends Paid:
Ordinary dividends paid during the period in respect of the year ended 30th April 2014: (42.348p per share) 3,049 - -
Ordinary dividends paid during the period in respect of the year ended 30th April 2013: (35.29p per share) - 2,541 2,541
Extraordinary dividends paid during the period in respect of the year ended 30th April 2013: (17.645p per share) - 1,270 1,270
_____ _____ _____
Total dividends paid during the period 3,049 3,811 3,811
_____ _____ _____
7. Earnings per share
The calculation of the earnings per ordinary share is based on the number of
ordinary shares in issue during all periods of 7,200,000 and on the profit for
the six months attributable to ordinary shareholders of £10,186,000 (six
months to 31st October 2013: £9,452,000). The Company has no share options or
other diluting interest and, accordingly, there is no difference in the
calculation of diluted earnings per share.
8. Capital Management, issuance and repayment of debt
At 31st October 2014 the capital utilised was £92,653,000 as shown below:
Unauditedas at31st October2014 Unauditedas at31st October2013 Auditedas at30th April2014
£'000 £'000 £'000
Cash and cash equivalents (6,825) (3,523) (6,233)
Bank overdrafts 7,086 3,487 -
Finance leases 791 869 1,014
Bank loans and committed facilities 13,885 13,609 8,862
Deferred consideration 500 500 500
Net debt 15,437 14,942 4,143
Total equity attributable to equity holders of the parent 77,216 64,752 73,590
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