25 Finsbury Food Group Annual Report & Accounts 2019
Financial Review
Group revenue for the 52-week period to 29 June 2019 is £315.3 million, 3.8% higher than last year.
The tables below show what the Directors consider to be the underlying performance of the Group. The adjustments eliminate the impact of significant and non-recurring items and other accounting items that do not reflect the underlying performance of the Group.
52 week period ended 29 June 2019
performance £000
Revenue Cost of sales
Gross profit Other costs excluding depreciation and amortisation
EBITDA Depreciation and amortisation
Operating profit
Finance income Finance costs
Profit before tax Taxation
Profit for the year 52 week period ended 30 June 2018
performance £000
Revenue Cost of sales
Gross profit Other costs excluding depreciation and amortisation
EBITDA Depreciation and amortisation
Operating profit
Finance income Finance costs
Profit before tax
Share of losses of equity accounted investees after tax Taxation
Profit for the year
303,600 (211,511)
92,089 (66,489)
25,600 (7,756)
(652)
17,216 -
(3,708) 13,508
Operating
non-recurring items £000
- -
- (13,067)
(13,067) -
17,844 (13,067) 24
- -
(13,067) -
2,452 (10,615) Significant
Pension Scheme £000
- -
- 411
411 -
411 -
(277) 134 -
(23) 111
Defined Benefit
rate swaps/ foreign
- -
- 49
49 -
49
143 -
192 -
(32) 160
Fair value of interest
exchange contracts £000
Comprehensive Income £000
303,600 (211,511)
92,089 (79,096)
12,993 (7,756)
5,237 167
(929) 4,475 -
(1,311) 3,164
Consolidated Statement of
As per
315,281 (219,849)
95,432 (69,905)
25,527 (8,694)
16,833 77
(991)
15,919 (3,605) 12,314
Operating
non-recurring items £000
- -
- (1,200)
(1,200) -
(1,200)
- -
(1,200) 128
(1,072) Significant
Pension Scheme £000
- -
- (162)
(162) -
(162) -
(282) (444) 75
(369)
Defined Benefit
rate swaps/ foreign
- -
- (178)
(178) -
(178) -
(382) (560) 95
(465)
Fair value of interest
exchange contracts £000
consideration £000
- -
- -
- -
- -
(139) (139) 24
(115)
Discounting of deferred
Comprehensive Income £000
315,281 (219,849)
95,432 (71,445)
23,987 (8,694)
15,293 77
(1,794) 13,576 (3,283) 10,293
Consolidated Statement of
As per
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