APPENDIX 5
SUMMARY OF FINANCIAL STATISTICS*
ALGINATE INDUSTRIES LTD. AND SUBSIDIARIES: 1974-1978
|
£000’s |
|
1974 |
1975 |
1976 |
1977 |
1978 |
Profit & Loss Account Sales |
8,732 |
10,145 |
15,519 |
16,743 |
18,273 |
Net profit before interest and taxation |
1,648 |
1,699 |
3,064 |
2,795 |
1,768 |
Net interest received or (paid) |
55 |
(56) |
(119) |
(42) |
(177) |
Net profit after interest before taxation |
1,703 |
1,643 |
2,945 |
2,753 |
1,591 |
Balance Sheet |
|
|
|
|
|
Capital employed |
|
|
|
|
|
Fixed assets (net of Government capital grants) |
3,162 |
4,077 |
4,377 |
5,219 |
6,458 |
Stocks |
1,798 |
2,811 |
2,931 |
5,513 |
6,225 |
Debtors |
2,632 |
3,130 |
3,880 |
4,139 |
4,639 |
|
7,592 |
10,018 |
11,188 |
14,871 |
17,322 |
Less Creditors |
1,004 |
1,241 |
1,815 |
2,091 |
1,787 |
Net Assets |
6,588 |
8,777 |
9,373 |
12,780 |
15,535 |
Financed by:— |
|
|
|
|
|
Share Capital |
1,951 |
2,018 |
2,018 |
2,018 |
2,018 |
Reserves |
3,568 |
4,221 |
5,350 |
6,486 |
7,047 |
Taxation |
586 |
526 |
971 |
1,474 |
985 |
Dividends |
102 |
697 |
457 |
517 |
771 |
Less investments in associated cos. |
68 |
123 |
120 |
199 |
199 |
|
6,139 |
7,339 |
8,676 |
10,296 |
10,622 |
Bank borrowing—net |
449 |
1,438 |
697 |
2,484 |
4,913 |
Total as above |
6,588 |
8,777 |
9,373 |
12,780 |
15,535 |
Average capital employed |
5,828 |
7,682 |
9,075 |
11,076 |
14,157 |
Memorandum Items |
|
|
|
|
|
Profit before interest and taxation |
% |
% |
% |
% |
% |
Return on turnover |
18.9 |
16.7 |
19.7 |
16.7 |
9.7 |
Return on average capital employed |
28.3 |
22.1 |
33.8 |
25.2 |
12.5 |
Source: The Monopolies and Mergers Commission, “FMC Corporation/Merck & Co.
Inc./Alginate Industries Limited: A report on the proposed Mergers” [London: H.M.S.O., July 1979].
* The data are for calendar years.
|
