1 Finsbury Food Group Annual Report & Accounts 2016


Highlights


These figures are for the 53 weeks ended 2 July 2016 and 52 weeks ended 27 June 2015 unless stated otherwise. Adjusted Operating Profit


(53 weeks) £000


Results from operating activities


Significant non-recurring items – SNR (refer to Note 5 for detail) Share options charge Difference between defined benefit pension scheme charges and cash cost Movement in the fair value of foreign exchange contracts


Adjustments SNR and other items


Adjusted results from operating activities Impact of 53rd week


Adjusted results from operating activities for 52 weeks Adjusted Profit Before Tax


(53 weeks) £000


Profit before tax


Significant non-recurring items – SNR (refer to Note 5 for detail) Share options charge Difference between defined benefit pension scheme charges and cash cost Movement in the fair value of interest rate swaps Movement in the fair value of foreign exchange contracts Unwinding of the discount on deferred consideration receivable


Adjustments SNR and other items Adjusted profit before tax Impact of 53rd week


Adjusted profit before tax for 52 weeks 11,804


4,290 -


31


(219) 134 -


4,236


16,040 (358)


15,682 2016


(52 weeks) £000


8,482


3,181 (10)


54 (28)


(181) (105)


2,911


11,393 -


11,393 * Refer to trading results section within the Strategic Report for further details on the adjusted profits.


* Adjusted operating profit and profit before tax exclude significant non-recurring and other items as shown in the table above and includes amortisation of intangibles.


*1 Like for like growth is calculated using financial data for a 52 week period and only where there are comparative trading figures for the prior year for the acquired businesses. The 52 week period is calculated by eliminating the result for the 53rd week in the financial year ended 2 July 2016.


*2 Adjusted diluted EPS has been calculated using earnings excluding the 53rd week, amortisation of intangibles, significant non-recurring and other items as shown on the face of the Statement of Profit and Loss and Other Comprehensive Income. The adjusted diluted EPS has been given as in the opinion of the Board this will allow shareholders to gain a clearer understanding of the trading performance of the Group.


2015 12,791


4,290 -


(117) 134


4,307 17,098 (371)


16,727 2016


(52 weeks) £000


9,526


3,181 (10)


(100) (181)


2,890 12,416 -


12,416 2015


Group Revenue


£319.7m £102.6m £16.0m £2.80p £19.7m £12.1m 9.5p


24.8% Gross Profit 30% Profit before Tax 40.8% Final Dividend 12% Net Debt 7.0% Capital Investment 65% EPS 19%

Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88