Financial record (5 years)

 

  12 Months to December 2019 12 Months to December 2018 12 Months to December 2017 12 Months to December 2016 12 Months to December 2015
  £m £m £m £m £m
   (Audited)  (Audited)  (Audited)  (Audited)  (Audited)
Income statement          
Revenue          
- Information Services 902 841 736 595 525
- Post Trade Services (LCH) 550 487 432 356 302
- Post Trade Services (CC&G and Monte Titoli) 103 102 109 104 90
- Capital Markets 426 407 391 368 330
- Technology Services 66 65 91 88 81
- Other 9 9 9 4 4
- Investment Management - -  - 390 953
Total revenue 2,056 1,911 1,768 1,905 2,285
Net interest income through CCP business 255 218 162 125 86
Other income 3 6 25 18 10
Total income 2,314 2,135 1,955 2,048 2,381
Cost of sales (210) (227) (215) (375) (620)
Gross profit 2,104 1,908 1,740 1,673 1,761
Operating expenses           
 - operating expenses before goodwill impairment, amortisation of purchased intangibles and non-recurring items* (1,039) (969) (919) (791) (1,052)
 - goodwill impairment, amortisation of purchased intangibles and non-recurring items (327) (180) (193) (259) (210)
Income from equity investments 7 - - - -
Share of (loss)/profit after tax of associates (7) (8) (9) (5) 1
Adjusted operating profit* 1,065 931 812 713 710
Adjusted profit before taxation* 994 865 750 651 643
Profit before taxation 651 685 541 468 434
Profit for the financial year 465 553 561 193 357
Basic earnings per share  119.5p 138.3p 146.4p 43.5p 94.6p
Diluted earnings per share 118.1p 136.0p 143.0p 42.6p 93.2p
Adjusted basic earnings per share*  200.3p 173.8p 148.7p 129.7p 129.4p
Adjusted diluted earnings per share* 198.0p 170.8p 145.3p 127.2p 127.6p
Balance sheet          
Non-current assets 5,137 5,013 4,962 4,421 3,988
Current assets 798,514 837,833 737,012 560,375 457,990
Net assets held for sale - - 6 734
Current liabilities (797,538) (836,853) (736,172) (559,760) (458,051)
Non-current liabilities (2,312) (2,295) (2,056) (1,422) (1,465)
Net assets 3,801 3,698 3,752 3,614 3,196
Cash flow          
Net cash flow from operating activities 1,089 969 852 598 670
Other information          
Adjusted operating margin* 46.0% 43.6% 41.5% 34.8% 29.8%
Share price - high £79.22 £48.14 £40.69 £29.22 £27.80
Share price - low £40.05 £36.12 £28.77 £21.23 £21.74
Total dividend per share declared in respect of financial year  70.0p 60.4p 51.6p 43.2p 36.0p

  

* 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.