Five Year Financial Summary

Consolidated Income Statement

  2013
£'000
2014
£'000
2015
£'000
2016
£'000
2017
£'000
Falklands Islands Company 15,222 15,881 18,506 18,495 17,828
Momart 16,298 18,258 15,753 16,257 18,380
Gosport Ferry ( PHFC ) 4,076 4,124 4,301 4,244 4,286
Total Group Turnover 35,596 38,263 38,560 38,996 40,494
Falklands Islands Company 1,416 1,098 1,484 1,819 1,209
Momart 1,193 1,826 1,239 460 538
Gosport Ferry ( PHFC ) 984 1,013 1,032 1,028 1,058
Underlying Operating Profit 3,593 3,937 3,755 3,307 2,805
Operating Profit Margin 10.1% 10.3% 9.7% 8.5% 6.9%
Share of Joint Venture Results - 36 180 200 24
Net Financing Costs (302) (326) (376) (429) (433)
Underlying Pre-Tax Profit 3,291 3,647 3,559 3,078 2,396
Gain on sale of FOGL shares 768 - 711 388 -
Amortisation of intangibles (398) (307) (142) (136) (136)
Other Non-trading items ( share issue costs , restructuring ) (864) 64 (234) (531) (373)
Profit Before Tax 2,797 3,404 3,894 2,799 1,887
Taxation Charge (1,193) (771) (750) (577) (460)
42.7% 22.6% 19.3% 20.6% 24.4%
Net Profit After Tax 1,604 2,633 3,144 2,222 1,427
Weighted Avg. Number of Shares in Issue 11,704 12,461 12,446 12,384 12,431
Diluted EPS on Underlying PAT 21.3p 22.0p 22.0p 19.2p 15.3p

Balance Sheet Details

  31 March
2013
£'000
31 March
2014
£'000
31 March
2015
£'000
31 March
2016
£'000
31 March
2017
£'000
Net Assets / Shareholders' Funds 34,279 35,377 36,688 38,569 39,745
Cash 11,416 5,715 7,435 14,037 15,079
Bank Borrowings (2,003) (1,019) (735) (3,264) (3,828)
Net Cash / Bank Borrowings 9,413 4,696 6,700 10,773 11,251
Net Assets Per Share £2.76 £2.85 £2.95 £3.10 £3.20

Consolidated Cash Flow Statement

  2013
£'000
2014
£'000
2015
£'000
2016
£'000
2017
£'000
Profit Before Tax 2,797 3,404 3,894 2,799 1,887
Add back:
Depreciation 1,204 1,233 1,426 1,459 1,451
Amortisation 398 307 142 136 136
Share of Joint venture profits - (36) (180) 130 (105)
Net interest 46 326 370 420 433
Less gain on FOGL share sale (768) - (711) (388) -
Takeover bid & defence costs charge - - - - 530
Share option charge 134 43 90 61 15
Increase in hire purchase debtors (72) (238) (260) (460) 3
Other cash flows, including open offer and pension transfers 920 (23) - (49) (76)
Working capital movement (529) (1,676) 2,145 507 (1,101)
Cash flow from operations, before tax, interest and dividends 4,130 3,340 6,916 4,615 3,173
- - - - -
Cash flow from operations, before tax, interest and dividends
Falklands Islands Company 1,122 (444) 3,457 2,559 2,059
Momart 1,934 2,258 2,210 692 (435)
Gosport Ferry (PHFC) 1,376 1,471 1,481 1,367 1,499
Unallocated (302) 55 (232) (3) 50
Cash flow from operations, before tax, interest and dividends 4,130 3,340 6,916 4,615 3,173
Capital Expenditure
Falklands Islands Company (1,594) (2,715) (2,598) (1,229) (578)
Momart (598) (301) (648) (402) (971)
Gosport Ferry (PHFC) (223) (1,958) (1,483) (223) (241)
Total Capital Expenditure (2,415) (4,974) (4,729) (1,854) (1,790)
Taxes paid (735) (780) (792) (324) (336)
Cash flows on sale and purchase of FOGL shares 1,005 - 2,287 1,396 -
Proceeds from fixed asset disposals 17 21 86 141 76
Net interest (paid)/received 79 60 (2) (90) (105)
Bank loan & Hire purchase repayments, net of drawdowns (1,013) (1,396) (558) 2,288 199
Cash flows on transfer of PHFC pension scheme (260) 46 - - -
Investment in, and loans to joint venture (50) (529) 151 378 200
Other, incluidng Treasury share cash flows - (66) (215) 52 (375)
Issue of share capital, net of fund raising costs 9,269 - - - -
Dividends paid (1,362) (1,423) (1,424) - -
Other Cash Flows 6,950 (4,067) (467) 3,841 (341)
Net Cash Flow 8,665 (5,701) 1,720 6,602 1,042
Opening Cash 2,751 11,416 5,715 7,435 14,037
Closing Cash and Cash Equivalents 11,416 5,715 7,435 14,037 15,079
Total net cash / debt
Cash and Cash Equivalents 11,416 5,715 7,435 14,037 15,079
Bank Debt (2,003) (1,019) (735) (3,264) (3,828)
Total net bank debt / cash 9,413 4,696 6,700 10,773 11,251

Operating Companies