Five Year Financial Summary

Consolidated Income Statement

  2012
£'000
2013
£'000
2014
£'000
2015
£'000
2016
£'000
Falklands Islands Company 14,979 15,222 15,881 18,506 18,495
Momart 14,970 16,298 18,258 15,753 16,257
Gosport Ferry ( PHFC ) 4,160 4,076 4,124 4,301 4,244
Total Group Turnover 34,109 35,596 38,263 38,560 38,996
Falklands Islands Company 1,510 1,325 977 1,312 1,613
Momart 964 1,193 1,826 1,239 460
Gosport Ferry ( PHFC ) 1,094 984 1,013 1,032 1,028
Underlying Operating Profit 3,568 3,502 3,816 3,583 3,101
Operating Profit Margin 10.5% 9.8% 10.0% 9.3% 8.0%
Share of Joint Venture Results - - 36 180 200
Net Financing Costs (334) (211) (205) (204) (223)
Underlying Pre-Tax Profit 3,234 3,291 3,647 3,559 3,078
Gain on sale of FOGL shares - 768 - 711 388
Amortisation of intangibles (398) (398) (307) (142) (136)
Other Non-trading items ( share issue costs , restructuring ) - (864) 64 (234) (531)
Profit Before Tax 2,836 2,797 3,404 3,894 2,799
Taxation Charge (580) (1,193) (771) (750) (577)
20.5% 42.7% 22.6% 19.3% 20.6%
Net Profit After Tax 2,256 1,604 2,633 3,144 2,222
Weighted Avg. Number of Shares in Issue 9,239 11,704 12,461 12,446 12,384
Diluted EPS on Underlying PAT 26.2p 21.3p 22.0p 22.0p 19.2p

Balance Sheet Details

  31 March
2012
£'000
31 March
2013
£'000
31 March
2014
£'000
31 March
2015
£'000
31 March
2016
£'000
Net Assets / Shareholders' Funds 29,488 34,279 35,377 36,688 38,569
Cash 2,751 11,416 5,715 7,435 14,037
Bank Borrowings (2,987) (2,003) (1,019) (735) (3,264)
Net Cash / Bank Borrowings (236) 9,413 4,696 6,700 10,773
Net Assets Per Share £3.17 £2.76 £2.85 £2.95 £3.10

Consolidated Cash Flow Statement

  2012
£'000
2013
£'000
2014
£'000
2015
£'000
2016
£'000
Profit Before Tax 2,836 2,797 3,404 3,894 2,799
Add back:
Depreciation 1,069 1,204 1,233 1,426 1,459
Amortisation 398 398 307 142 136
Share of Joint venture profits - - (36) (180) (130)
Net interest 235 46 326 370 420
Less gain on FOGL share sale - (768) - (711) (388)
Share option charge 101 134 43 90 61
Other cash flows, including open offer and pension transfers (2) 920 (23) - (49)
Working capital movement 831 (529) (1,676) 2,145 507
Cash flow from operations, before tax, interest and dividends 5,468 4,202 3,578 7,176 5,075
- - - - -
Cash flow from operations, before tax, interest and dividends
Falklands Islands Company 2,883 1,194 (206) 3,717 3,019
Momart 1,198 1,934 2,258 2,210 692
Gosport Ferry (PHFC) 1,435 1,376 1,471 1,481 1,367
Unallocated (48) (302) 55 (232) (3)
Cash flow from operations, before tax, interest and dividends 5,468 4,202 3,578 7,176 5,075
Capital Expenditure 5 Year Total
Falklands Islands Company (632) (1,594) (2,715) (2,598) 1,229 (8,768)
Momart (524) (598) (301) (648) (402) (2,473)
Gosport Ferry (PHFC) (121) (223) (1,958) (1,483) (223) (4,008)
Total Capital Expenditure (1,277) (2,415) (4,974) (4,729) (1,854) (15,249)
Taxes paid (862) (735) (780) (792) (324)
Cash flows on sale and purchase of FOGL shares (860) 1,005 - 2,287 1,396
Proceeds from fixed asset disposals 14 17 21 86 141
Net interest (paid)/received (110) 79 60 (2) (90)
Bank loan & Hire purchase repayments, net of drawdowns (850) (1,013) (1,396) (558) 2,288
Increase in hire purchase debtors (223) (72) (238) (260) (460)
Cash flows on transfer of PHFC pension scheme - (260) 46 - -
Investment in, and loans to joint venture - (50) (529) 151 378
Other, incluidng Treasury share cash flows - - (66) (215) 52
Issue of share capital, net of fund raising costs 261 9,269 - - -
Dividends paid (872) (1,362) (1,423) (1,424) -
Other Cash Flows (3,502) 6,878 (4,305) (727) 3,381
Net Cash Flow 689 8,665 (5,701) 1,720 6,602
Opening Cash 2,062 2,751 11,416 5,715 7,435
Closing Cash and Cash Equivalents 2,751 11,416 5,715 7,435 14,037
Total net cash / debt
Cash and Cash Equivalents 2,751 11,416 5,715 7,435 14,037
Bank Debt (2,987) (2,003) (1,019) (735) (3,264)
Total net bank debt / cash (236) 9,413 4,696 6,700 10,773

Operating Companies