REG - Headlam Group PLC - Final Results <Origin Href="QuoteRef">HEAD.L</Origin> - Part 2

HeadlamAnnouncement

05/03/2015 07:00

- Part 2: For the preceding part double click  ID:nRSE5796Ga 

                                  
 Capital expenditure                            3,043   649                    3,692                         9,847            13,539                    
 Depreciation                                   2,171   666                    2,837                         1,797            4,634                     
 Amortisation                                   -       -                      -                             150              150                       
 Impairment of assets                           -       -                      -                             2,155            2,155                     
 Impairment of intangible assets                -       -                      -                             3,197            3,197                     
                                                                                                                                                      
                                                                                                                                                                  
 
 
In the UK the group's freehold properties are held within Headlam Group plc
and a rent is charged to the operating segments for the period of use. 
Therefore the operating reports reviewed by the Group Chief Executive show all
the UK properties as unallocated and the operating segments report a segment
result that includes a property rent.  This is reflected in the above
disclosure. 
 
Each segment is a continuing operation. 
 
The Group Chief Executive, the board and the senior executive management team
have access to information that provides details on revenue by principal
product group for the two reportable segments, as set out in the following
table: 
 
Notes continued 
 
1 Segment reporting - continued 
 
Revenue by principal product group and geographic origin is summarised below: 
 
              UK        Continental Europe  Total     
              2014£000  2013£000            2014£000  2013£000  2014£000  2013£000  
 Revenue                                                                            
 Residential  378,910   350,020             43,415    47,608    422,325   397,628   
 Commercial   169,483   159,320             43,434    46,103    212,917   205,423   
                                                                                    
              548,393   509,340             86,849    93,711    635,242   603,051   
 
 
2 Earnings per share 
 
                                                                                                                      
                                                                                            2014£000     2013£000     
 Earnings                                                                                                             
 Earnings per underlying basic and underlying diluted earnings per share                    23,785       20,293       
 Earnings for basic and diluted earnings per share                                          23,785       14,941       
                                                                                                                      
                                                                                            2014         2013         
 Number of shares                                                                                                     
 Issued ordinary shares at 31 December                                                      85,363,743   85,363,743   
 Effect of shares held in treasury                                                          (2,053,036)  (2,383,937)  
                                                                                                                      
 Weighted average number of ordinary shares for the purposes of basic earnings per share    83,310,707   82,979,806   
                                                                                                                      
 Effect of diluted potential ordinary shares:                                                                         
 Weighted average number of ordinary shares at 31 December                                  83,310,707   82,979,806   
 Dilutive effect of share options                                                           264,178      646,209      
                                                                                                                      
 Weighted average number of ordinary shares for the purposes of diluted earnings per share  83,574,885   83,626,015   
 
 
Notes continued 
 
3 Dividends 
 
                                                         2014£000  2013£000  
                                                                             
 Interim dividend for 2013 of 4.65p paid 2 January 2014  3,856     -         
 Final dividend for 2013 of 10.65p paid 1 July 2014      8,833     -         
 Interim dividend for 2012 of 4.65p paid 2 January 2013  -         3,850     
 Final dividend for 2012 of 10.20p paid 1 July 2013      -         8,450     
                                                                             
                                                         12,689    12,300    
 
 
The final proposed dividend of 12.30p per share (2013: 10.65p per share) will
not be provided for until authorised by shareholders at the forthcoming AGM. 
There are no income tax consequences. 
 
Interim dividends of 5.20p per share (2013: 4.65p per share) are provided for
when the dividend is paid.  The dividend was paid on 2 January 2015 and
totalled £4,355,000. 
 
The total value of dividends proposed but not recognised at 31 December 2014
is £14,655,000 (2013: £12,689,000). 
 
4. Additional information 
 
The financial information set out above does not constitute the company's
statutory accounts for the years ended 31 December 2014 or 2013 but is derived
from those accounts. Statutory accounts for 2013 have been delivered to the
registrar of companies, and those for 2014 will be delivered in due course.
The auditors have reported on those accounts; their reports were (i)
unqualified, (ii) did not include a reference to any matters to which the
auditors drew attention by way of emphasis without qualifying their report and
(iii) did not contain a statement under section 498 (2) or (3) of the
Companies Act 2006. 
 
We anticipate that the company's statutory accounts will be posted to
shareholders during April 2015 and will be displayed on the company's website
at www.headlam.com early April 2015.  Copies of the statutory accounts will
also be available from the company's registered office at Headlam Group plc,
PO Box 1, Gorsey Lane, Coleshill, Birmingham, B46 1LW. 
 
This preliminary announcement of results for the year ended 31 December 2014
was approved by the board on 
 
5 March 2015. 
 
This information is provided by RNS
The company news service from the London Stock Exchange