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MITIE Group PLC Annual Report and Accounts 2009
01
Overview
Financial and operational highlights Revenue
£1,521.9m +8.2% Operating profit before amortisation*
£80.5m +11.5% Earnings per share before other items**
17.2p +15.4% Dividend per share
6.9p +15.0% 2009/10 budgeted revenue secured
74% Order book
£4.9bn +£0.5bn Underlying Group margins
5.3% +0.2% Multi-service and FM as % of revenue
33% +5% Net funds
£10.9m
Contents Overview Highlights
01
MITIE at a glance
02
Financial record
04
Chairman’s statement
05
Business review
Cash conversion
97.5% * Of acquisition related intangible assets. **Other items are non-cash acquisition related items, being amortisation of intangible assets and unwinding of discount on deferred contingent consideration.
Chief Executive’s strategy review
06
Market overview
10
Key performance indicators
12
Key factors that could affect our business
14
Operating review
16
Financial review
28
Corporate responsibility
31
Governance Directors’ and governance report
Visit our website to get more information:
mitie.co.uk/investors
36
Statement of Directors’ responsibilities
49
Remuneration report
50
Accounts Independent auditors’ report to the members of MITIE Group PLC
60
Consolidated income statement
61
Consolidated statement of recognised income and expense
62
Consolidated balance sheet
63
Consolidated cash flow statement
65
Notes to the consolidated financial statements
66
Independent Auditors’ report to the members of MITIE Group PLC
97
Company balance sheet
98
Notes to the Company financial statements Shareholder information
99 IBC