Financial record (5 years)

Financial record (5 years)

 

  12 Months to December 2020 12 Months to December 20191 12 Months to December 2018 12 Months to December 2017 12 Months to December 2016
  £m £m £m £m £m
   (Audited)  (Audited)  (Audited)  (Audited)  (Audited)
Income statement        
Revenue        
- Information Services 882 855 841 736 595
- Post Trade 751 700 - - -
- Post Trade Services (LCH) - - 487 432 356
- Post Trade Services (CC&G and Monte Titoli) - - 102 109 104
- Capital Markets 427 426 407 391 368
- Technology Services 61 66 65 91 88
- Other 3 9 9 9 4
- Investment Management - - -  - 390
Total revenue 2,124 2,056 1,911 1,768 1,905
Net interest income through CCP business 319 255 218 162 125
Other income 1 3 6 25 18
Total income 2,444 2,314 2,135 1,955 2,048
Cost of sales (224) (210) (227) (215) (375)
Gross profit 2,220 2,104 1,908 1,740 1,673
Operating expenses         
 - operating expenses before goodwill impairment, amortisation of purchased intangibles and non-recurring items* (1,098) (1,039) (969) (919) (791)
 - goodwill impairment, amortisation of purchased intangibles and non-recurring items (363) (327) (180) (193) (259)
Income from equity investments - 7 - - -
Share of (loss)/profit after tax of associates (4) (7) (8) (9) (5)
Adjusted operating profit* 1,118 1,065 931 812 713
Adjusted profit before taxation* 1,061 994 865 750 651
Profit before taxation 685 651 685 541 468
Profit for the financial year 487 465 553 561 193
Basic earnings per share  120.3p 119.5p 138.3p 146.4p 43.5p
Diluted earnings per share 118.9p 118.1p 136.0p 143.0p 42.6p
Adjusted basic earnings per share*  209.7p 200.3p 173.8p 148.7p 129.7p
Adjusted diluted earnings per share* 207.3p 198.0p 170.8p 145.3p 127.2p
Balance sheet        
Non-current assets 5,072 5,137 5,013 4,962 4,421
Current assets 844,069 798,514 837,833 737,012 560,375
Net assets held for sale - - - 6
Current liabilities (842,970) (797,538) (836,853) (736,172) (559,760)
Non-current liabilities (2,046) (2,312) (2,295) (2,056) (1,422)
Net assets 4,125 3,801 3,698 3,752 3,614
Cash flow        
Net cash flow from operating activities 1,283 1,089 969 852 598
Other information        
Adjusted operating margin* 45.7% 46.0% 43.6% 41.5% 34.8%
Share price - high £92.64 £79.22 £48.14 £40.69 £29.22
Share price - low £53.00 £40.05 £36.12 £28.77 £21.23
Total dividend per share declared in respect of financial year  75.0p 70.0p 60.4p 51.6p 43.2p

  

* 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.

1 December 2019 represented to reflect management structure changes so that all Post Trade Services are now combined in one operating segment. The new operating segment includes the previous segments of LCH Group and the Post Trade businesses in Italy, Monte Titoli and CC&G, as well as the results of UnaVista, which were previously included in the Information Services Division.

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