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REG-M&C Saatchi PLC Interim Results 2009 - Part 2
Released: 24/09/2009
Part 2 : For preceding part double-click [nRn1X5663Z]
Finance income 564 - (429) - 135
Finance expense (198) - - - (198)
Profit before taxation 5,721 65 (429) - 5,357
Taxation (1,865) (19) - - (1,884)
Profit AFTER taxation 3,856 46 (429) - 3,473
Minority interests (263) - - - (263)
Profit attributable to equity holders of the Group
3,593 46 (429) - 3,210
BASIC EARNINGS PER SHARE
Weighted average number of shares (thousands) 60,911 60,911
BASIC EPS 5.90p 5.27p
Diluted earnings per share
Weighted average number of shares (thousands) as above 60,911 60,911
Add
- Float options 411 411
- LTIP options 1,144 1,144
Total 62,466 62,466
DILUTED EARNINGS PER SHARE 5.75p 5.14p
Six months ended 30 June 2008 Reported results Amortisation of acquired intangibles & write off of Fair value adjustments to minority put option liabilities Notional interest on deferred consideration Headline & Segmental results
goodwill
£000 £000 £000 £000 £000
Revenue 51,769 - - - 51,769
Operating profit 7,255 466 - - 7,721
Share of results of associates (114) 14 - - (100)
Finance income 978 - (234) - 744
Finance expense (572) - 169 (403)
Profit before taxation 7,547 480 (234) 169 7,962
Taxation (2,470) (82) - - (2,552)
Profit AFTER taxation 5,077 398 (234) 169 5,410
Minority interests 314 - - - 314
Profit attributable to equity holders of the Group
4,763 398 (234) 169 5,096
BASIC EARNINGS PER SHARE
Weighted average number of shares (thousands) 59,085 59,085
BASIC EPS 8.06p 8.62p
Diluted earnings per share
Weighted average number of shares (thousands) as above 59,085 59,085
Add
- Float options 411 411
- LTIP options 995 995
- Contingent consideration 3,047 3,047
Total 63,538 63,538
DILUTED EARNINGS PER SHARE 7.50p 8.02p
Year ended 31 December 2008 Reported results Amortisation of acquired intangibles Impairment of acquired intangibles and Fair value adjustments to minority put Notional interest on deferred consideration Headline & Segmental results
goodwill option liabilities
£000 £000 £000 £000 £000 £000
Revenue 104,383 - - - - 104,383
Operating profit 10,766 575 2,398 - - 13,739
Impairment of associate (2,400) - 2,400 - - -
Share of results of associates (81) - - - - (81)
Finance income 3,350 - - (1,940) - 1,410
Finance expense (1,142) - - - 169 (973)
Profit before taxation 10,493 575 4,798 (1,940) 169 14,095
Taxation (3,904) (164) (435) - - (4,503)
Profit after taxation 6,589 411 4,363 (1,940) 169 9,592
Minority interests 568 - - - - 568
Profit attributable to equity holders of the Group
6,021 411 4,363 (1,940) 169 9,024
BASIC EARNINGS PER SHARE
Weighted average number of shares 59,972 59,972
(thousands)
BASIC EPS 10.04p 15.05p
Diluted earnings per share
Weighted average number of shares 59,972 59,972
(thousands) as above
Add
- Float options 411 411
- LTIP options 1,151 1,151
- Contingent consideration 205 205
Total 61,739 61,739
DILUTED EARNINGS PER SHARE 9.75p 14.62p
5. SEGMENTAL INFORMATION
This segmental information is reconciled to the statutory results in Note 4.
Six months to 30 June 2009 UK Europe Asia & Australia America New Offices Clear Total
£000 £000 £000 £000 £000 £000 £000
REVENUE 23,757 4,546 15,354 1,304 150 4,690 49,801
OPERATING PROFIT EXCLUDING GROUP COSTS 5,016 469 1,566 (213) (579) 921 7,180
Group costs (1,467) (20) (131) (2) (33) - (1,653)
Operating profit 3,549 449 1,435 (215) (612) 921 5,527
Share of result of associates - (107) - - - - (107)
Finance income 65 7 57 1 - 5 135
Finance costs (161) (35) (2) - - - (198)
profit before Taxation 3,453 314 1,490 (214) (612) 926 5,357
Taxation (1,030) (151) (485) 82 - (300) (1,884)
Profit for the period 2,423 163 1,005 (132) (612) 626 3,473
Minority interests (62) (78) (167) 20 24 - (263)
Profit attributable to Equity holders of the Group 2,361 85 838 (112) (588) 626 3,210
Headline BASIC EPS 5.27p
COSTS INCLUDED IN OPERATING PROFIT:
Depreciation and amortisation of software 307 82 566 16 5 80 1,056
Share option charges 86 - 46 2 - - 134
Office location London Paris Sydney Melbourne Auckland Wellington LA Sao Paulo Geneva London Amsterdam New York
Berlin Madrid Kuala Lumpur Tokyo Hong Kong
New Delhi Mumbai
Hong Kong Shanghai
Six months to 30 June 2008 UK Europe Asia & Australia America New Offices Clear Total
£000 £000 £000 £000 £000 £000 £000
REVENUE 25,195 4,145 14,789 1,541 - 6,099 51,769
OPERATING PROFIT EXCLUDING GROUP COSTS 5,810 534 1,045 173 - 1,659 9,221
Group costs (1,353) (20) (126) (1) - - (1,500)
Operating profit 4,457 514 919 172 - 1,659 7,721
Share of result of associates - (100) - - - - (100)
Finance income 656 8 67 1 - 12 744
Finance costs (266) (99) (31) - - (7) (403)
profit before Taxation 4,847 323 955 173 - 1,664 7,962
Taxation (1,374) (42) (567) (72) - (497) (2,552)
Profit for the period 3,473 281 388 101 - 1,167 5,410
Minority interests (175) (30) (92) (17) - - (314)
Profit attributable to Equity holders of the Group 3,298 251 296 84 - 1,167 5,096
Headline BASIC EPS 8.62p
COSTS INCLUDED IN OPERATING PROFIT:
Depreciation and amortisation of software 296 58 307 16 - 84 761
Share option charges 106 - 17 2 - - 125
Office location London Paris Sydney Melbourne Auckland Wellington LA - London Amsterdam New York
Berlin Madrid Kuala Lumpur
New Delhi Mumbai
Hong Kong Shanghai Bangkok Singapore
Year Ended UK Europe Asia & Australia America New Offices Clear Total
31 December 2008
£000 £000 £000 £000 £000 £000 £000
REVENUE 52,357 8,727 29,677 3,200 - 10,422 104,383
OPERATING PROFIT EXCLUDING GROUP COSTS 11,259 1,306 2,376 295 - 1,905 17,141
Group costs 3,088 38 273 3 - - 3,402
Operating profit 8,171 1,268 2,103 292 - 1,905 13,739
Share of result of associates - (81) - - - - (81)
Finance income 1,180 45 162 2 - 21 1,410
Finance costs (672) (258) (43) - - - (973)
profit before Taxation 8,679 974 2,222 294 - 1,926 14,095
Taxation (2,730) (209) (871) (103) - (590) (4,503)
Profit for the period 5,949 765 1,351 191 - 1,336 9,592
Minority interests (240) (182) (114) (32) - - (568)
Profit attributable to Equity holders of the Group 5,709 583 1,237 159 - 1,336 9,024
Headline BASIC EPS 14.62p
COSTS INCLUDED IN OPERATING PROFIT:
Depreciation and amortisation of software 605 129 772 31 - 169 1,706
Share option charges 96 - 36 1 - - 133
Office location London Paris Sydney Melbourne Auckland Wellington LA - London Amsterdam New York
Berlin Kuala Lumpur
Madrid New Delhi Mumbai
Hong Kong Shanghai Bangkok Singapore
6. Finance Income
Six months Six months Year
More to follow, for following part double-click [nRn3X5663Z]
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