REG - Connect Group Plc - Preliminary Results Annoucement y/e 31 August 14 <Origin Href="QuoteRef">CNCTC.L</Origin> - Part 30

Smiths NewsAnnouncement

29/10/2014 12:03

- Part 30: For the preceding part double click  ID:nRSO3218UC 

underlying                              56.5      (0.1)       56.4      
                                                                                            
 IAS 19 (Revised)                                                                           
 Investment revenues                                        1.8       (1.5)       0.3       
 Finance costs                                              (5.3)     (1.5)       (6.8)     
 Profit before tax - underlying                             53.0      (3.0)       50.0      
 Taxation                                                   (12.1)    0.6         (11.5)    
 Profit for the period  -underlying                         40.9      (2.4)       38.5      
                                                                                            
                                                                                            
 Combined restatement                                                                       
                                                                                            
 Revenue                                                    1,810.8   (3.9)       1,806.9   
 Operating profit - underlying                              56.5      (0.1)       56.4      
 Profit before tax - underlying                             53.0      (3.1)       49.9      
 Non-recurring and other items                              (11.1)    0.1         (11.0)    
 Profit before tax - Statutory                              41.9      (3.0)       38.9      
 Taxation - including non-recurring                         (10.8)    0.6         (10.2)    
 Profit for the period - Statutory                          31.1      (2.4)       28.7      
                                                                                            
 Underlying EPS - basic                                     22.4p     (1.3p)      21.1p     
 Underlying EPS - diluted                                   21.1p     (1.3p)      19.8p     
 Statutory EPS - basic                                      17.1p     (1.4p)      15.7p     
 Statutory EPS - diluted                                    16.0p     (1.2p)      14.8p     
 
 
 Group Statement of Changes in Equity                      12 months to 31 August 2013  
 £m                                                        Previously reported          Impact of adopting IAS 19 (revised)  Restated  
                                                                                                                                       
 Impact of IFRIC14 on defined benefit schemes              0.3                          3.1                                  3.4       
 Actuarial gain                                            4.5                          (0.2)                                4.3       
 Gain on cash flow hedges                                  1.7                          -                                    1.7       
 Tax relating to components of other comprehensive income  (1.9)                        (0.6)                                (2.5)     
 Other comprehensive income                                4.6                          2.3                                  6.9       
 Profit after tax                                          31.1                         (2.4)                                28.7      
 Total comprehensive income                                35.7                         (0.1)                                35.6      
 
 
35.       Responsibility statement 
 
The responsibility statement below has been prepared in connection with the Group's full annual report for the year ending
31 August 2014. Certain parts thereof are not included within this announcement. 
 
We confirm that to the best of our knowledge: 
 
-      the financial statements, prepared in accordance with IFRSs as adopted by the European Union, give a true and fair
view of the assets, liabilities, financial position and profit or loss of the company and the undertakings included in the
consolidation taken as a whole; and 
 
-      the management report, which is incorporated in the directors' report, includes a fair review of the development and
performance of the business and the position of the company and the undertakings included in the consolidation taken as a
whole, together with a description of the principal risks and uncertainties they face. 
 
The responsibility statement was approved by the board of directors on 15 October 2014 and is signed on its behalf by: 
 
 Mark Cashmore          Nick Gresham             
 Group Chief Executive  Chief Financial Officer  
 
 
This information is provided by RNS
The company news service from the London Stock Exchange