Committee Reports::Report No. 07 - Arramara Teoranta::23 January, 1980::Appendix

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.