Financial record (5 years)

 


12 Months to December 2015


12 Months to December 2014


12 Months to December 2013


12 Months to March 2014


12 Months to March 2013


12 Months to March 2012


£m


£m


£m


£m


£m


£m


 (Audited)


 (Unaudited)


(Unaudited)


Restated


Restated


Restated


Income statement


Revenue


- Capital Markets


330.3


333.2


296.8


309.5


267.5


301.9


- Post Trade Services (CC&G and Monte Titoli)


89.8


96.5


98.7


98.4


91.8


101.6


- Post Trade Services (LCH.Clearnet)


302.1


329.4


172.3


263.0


-


-


- Information Services


525.0


373.0


339.5


348.7


306.3


218.9


- Technology Services


80.6


66.0


62.2


64.0


56.1


52.6


- Russell Investment Management


953.1


79.7

-

-

-

-


- Other


4.5


5.4


4.5


4.7


4.7


4.8


Total revenue


2,285.4


1,283.2


974.0


1,088.3


726.4


679.8


Net interest income through CCP business


85.7


92.6


107.3


109.8


116.7


126.9


Other income


10.4


4.8


12.2


11.5


9.8


8.1


Total income


2,381.5


1,380.6


1,093.5


1,209.6


852.9


814.8


Cost of sales


(620.4)


(120.9)


(71.4)


(74.1)


(60.0)


(45.8)


Gross profit


1,761.1


1,259.7


1,022.1


1,135.5


792.9


769.0


Operating expenses 


 - operating expenses before goodwill impairment, amortisation of purchased intangibles and non-recurring items*


(1,052.0)


(702.3)


(545.1)


(624.3)


(362.7)


(333.0)


 - goodwill impairment, amortisation of purchased intangibles and non-recurring items


(180.3)


(211.5)


(147.6)


(158.1)


(81.8)


240.4


Adjusted operating profit*


709.6


557.5


477.0


511.2


430.2


441.9


Adjusted profit before taxation*


643.4


489.4


409.8


442.4


380.7


400.6


Profit/(loss) before taxation


433.7


277.9


262.2


284.3


298.9


639.7


Profit/(loss) for the financial year


357.1


201.6


192.7


198.0


239.8


539.5


Basic earnings per share 


94.6p


56.5p


64.2p


63.0p


82.2p


181.0p


Diluted earnings per share


93.2p


55.8p


62.4p


61.9p


80.8p


178.5p


Adjusted basic earnings per share* 


129.4p


103.3p


96.5p


98.6p


97.0p


92.6p


Adjusted diluted earnings per share*


127.6p


101.9p


93.9p


96.9p


95.2p


91.4p


Balance sheet


Non-current assets


3,987.6


4,804.5


2,824.3


2,869.5


2,354.9


2,401.9


Current assets


457,990.0


453,187.8


511,927.5


504,987.4


146,760.5


100,209.6


Net assets held for sale


734.6


5.3

 

 

 


6.4


Current liabilities


(458,050.9)


(453,037.3)


(511,408.1)


(504,448.6)


(146,362.9)


(100,066.4)


Non-current liabilities


(1,465.2)


(2,005.0)


(1,379.1)


(1,405.3)


(1,122.2)


(1,095.1)


Net assets/(liabilities)


3,196.1


2,955.3


1,964.6


2,003.0


1,630.3


1,456.4


Cash flow


Net cash flow from operating activities before exceptional items*


803.7


605.6


546.3


548.7


480.5


483.7


Other information


Adjusted operating margin*


29.8%


40.4%


43.6%


42.3%


50.4%


54.2%


Share price - high


£27.80


£22.55


£17.33


£20.38


£14.11


£10.76


Share price - low


£21.74


£17.41


£11.13


£12.38


£9.30


£7.57


Total dividend per share declared in respect of financial year 


36.0p



 -


28.4p


27.2p


26.1p

  

Note - Change of financial year with effect from 1 April 2014, Dec 2014 dividend declared of 22.5p is in respect of 9 month period April to December 2014 

* London Stock Exchange Group uses non-GAAP performance measures as key financial indicators as the Board believes these better reflect the underlying performance of the business. Adjusted operating profit, adjusted total income, adjusted profit before tax and adjusted basic earnings per share all exclude amortisation and impairment of purchased intangibles and goodwill and non-recurring items Adjusted earnings per share and dividends have been restated for the year ended 31 March 2014, and prior years, for the September 2014 rights issue.

The prior years in the financial record above have been re-presented to conform with the current year accounting presentation.