Financial review (Unaudited figures)

           
2011 2010 2009 2008 2007
  €’000 €’000 €’000 €’000 €’000
Profit and loss account          
Turnover 259,116 250,399 206,865 249,475 318,128
Operating profit before exceptional items 41,485 46,065 817 20,543 64,198
Exceptional items (9,131) (1,392) 18,529 549 (10,272)
Operating Profit 32,354 44,673 19,346 21,092 53,926
Share of losses of joint ventures/associates (50) (50) (50) (50) (38)
Finance charge (11,555) (11,168) (11,780) (9,437) (7,481)
Profit before taxation 20,749 33,455 7,516 11,605 46,407
Taxation (851) (1,307) (3,273) (2,399) (6,279)
Profit after taxation 19,898 32,148 4,243 9,206 40,128
Dividend paid (10,000) - - (2,600) -
Retained earnings 9,898 32,148 4,243 6,606 40,128
           
Balance sheet          
Fixed assets 1,468,991 1,446,339  1,423,767  1,414,763  1,396,214 
Current assets 100,718 85,309 87,175 87,302 102,423
Creditors: amounts falling due within one year (60,361) (51,219) (67,245) (93,669) (65,190)
Net current assets/(liabilities) 40,357 34,090 19,930 (6,367) 37,233
Total assets less current liabilities 1,509,348 1,480,429 1,443,697 1,408,396 1,433,447
Creditors: amounts falling due after one year (171,732) (162,012) (160,059) (120,858) (157,409)
Provisions for liabilities and charges (6,166) (7,485) (5,962) (4,111) (5,812)
Net assets excluding pension liability 1,331,450 1,310,932 1,277,676 1,283,427 1,270,226
Pension Liability (130,525) (86,382) (70,192) (82,614) (66,346)
Net assets including pension liability 1,200,925 1,224,550 1,207,484 1,200,813 1,203,880

Capital and reserves
         
Called up share capital 795,060 795,060 795,060 795,060 795,060
Capital conversion reserve fund 6,145 6,145 6,145 6,145 6,145
Profit and loss account 246,932 272,072 256,669 250,774 257,090
Grant reserve 152,788 151,273 149,610 148,834 145,585
Shareholders’ funds
1,200,925 1,224,550 1,207,484 1,200,813 1,203,880