Below is a sample company financial report: Cardiff Railway ran trains until December 2003. The information is therefore non current, but the page provides a sample of the layout and analysis that is provided throughout the Business Monitor web site.
Cardiff Railway Company Limited
Owners: National Express Group plc
Period Analysed: 01 Jan 03 to 06 Dec 03 (48 weeks - last year 52 weeks)
Headlines:
| Turnover*: +7.8% | Operating Profit*:+16.0% | Pre-Tax Profit *:+23.1% |
These results represent the last 11 months of National Express Group's operation of the "all Wales" franchise, which it only controlled for just over two years. Another good performance was recorded, before the franchise transferred to Arriva Group on 7 December 2003 and the company ceased trading.
* Annualised
Key Performance Indicators
| Period to | 06/12/2003 | 31/12/2002 |
| Operating Profit Margin |
7.3% |
7.3% |
| Pre-Tax Profit Margin |
7.6% |
7.1% |
| Net Assets |
£2.896m |
(£5.862)m |
| Return on Capital |
446.0% |
(192.2%) |
| Fixed Assets |
£2.874m |
£1.083m |
| Return on Assets |
449.4% |
1,040.2% |
| Dividend Paid |
£0.000m |
£0.000m |
| Turnover per employee |
£120,979 |
£111,305 |
| Pre-Tax Profit per employee |
£9,147 |
£7,911 |
Results
| Period to | 06 Dec 03 | 31 Dec 02 | Change | 31 Dec 01 | 31 Dec 00 | 31 Mar 00 |
| | £000 | £000 | % | £000 | £000 | £000 |
| Turnover |
170,822 |
158,498 |
+7.8% |
57,229 |
20,116 |
26,884 |
| Operating Costs |
158,393 |
146,997 |
+7.8% |
56,321 |
24,678 |
32,524 |
| Operating Profit/(Loss) |
12,429 |
11,501 |
+8.1% |
908 |
(4,562) |
(5,640) |
| Interest Costs/(Income) |
(487) |
236 |
-306.4% |
1,163 |
450 |
554 |
| Pre-Tax Profit/(Loss) |
12,916 |
11,265 |
+14.7% |
(255) |
(5,012) |
(6,194) |
| Tax Payable/(Credit) |
4,180 |
4,147 |
- |
(13) |
(1,339) |
(1,942) |
| Net Profit/(Loss) |
8,736 |
7,118 |
+22.7% |
(242) |
(3,673) |
(4,252) |
| Exceptional Items |
22 |
0 |
- |
0 |
0 |
(250) |
| Profit/(Loss) for Year |
8,758 |
7,118 |
+23.0% |
(242) |
(3,673) |
(4,502) |
On an estimated annualised basis, turnover and operating costs were up 15.7%. Exceptional item represents unspecified dividend income.
Performance
| Period to | 06 Dec 03 | 31 Dec 02 | 31 Dec 01 | 31 Dec 00 | 31 Mar 00 |
| Operating Profit Margin |
7.3% |
7.3% |
1.6% |
(22.7%) |
(21.0%) |
| Pre-Tax Profit Margin |
7.6% |
7.1% |
(0.4%) |
(24.9%) |
(23.0%) |
| Return on Capital |
446.0% |
(192.2%) |
2.0% |
39.8% |
69.4% |
| Dividend Paid (£000) |
0 |
0 |
0 |
0 |
0 |
| Turnover per employee |
£120,979 |
£111,305 |
£103,676 |
£60,408 |
£81,467 |
| Pre-Tax Profit per employee |
£9,147 |
£7,911 |
(£462) |
(£15,051) |
(£18,770) |
Margins were unchanged, remaining good.
Costs
| Period to | 06 Dec 03 | 31 Dec 02 | Change |
| | £000 | £000 | % |
| Labour Costs |
44,542 |
40,380 |
+10.3% |
| Depreciation |
800 |
931 |
-14.1% |
| Interest Payable |
15 |
428 |
-96.5% |
| Audit Fees |
36 |
46 |
-21.7% |
| Rolling stock lease |
13,907 |
15,101 |
-7.9% |
| Track Access |
40,332 |
45,733 |
-11.8% |
| Operating Lease Costs |
7,439 |
10,200 |
-27.1% |
| Other |
51,337 |
34,606 |
+48.3% |
| Total Costs |
158,408 |
147,425 |
+7.4% |
Income
| Period to | 06 Dec 03 | 31 Dec 02 | Change |
| | £000 | £000 | % |
| Passenger franchise revenue |
45,484 |
45,200 |
+0.6% |
| Revenue Grant |
103,014 |
93,772 |
+9.9% |
| Other |
21,710 |
19,159 |
+13.3% |
| Interest receivable |
502 |
192 |
+161.5% |
| Rail Passenger Partnership Funds |
614 |
367 |
+67.3% |
| Total Revenue |
171,324 |
158,690 |
+8.0% |
Balance Sheet
| As at | 06 Dec 03 | 31 Dec 02 |
| | £000 | £000 |
| | Fixed Assets |
| Land and Buildings |
0 |
0 |
| Motor Vehicles |
3 |
8 |
| Fixtures and Equipment |
2,871 |
1,075 |
| TOTAL |
2,874 |
1,083 |
| | Current Assets |
| Stock |
1,144 |
1,077 |
| Debtors |
16,920 |
18,689 |
| Cash |
29,170 |
8,076 |
| TOTAL |
47,234 |
27,842 |
| Creditors due within one year |
47,212 |
34,787 |
| Net Current Assets/(Liabilities) |
22 |
(6,945) |
| Total assets less current liabilities |
2,896 |
(5,862) |
| Creditors due after one year |
0 |
0 |
| Provisions |
0 |
0 |
| NET ASSETS |
2,896 |
(5,862) |
| | Capital and Reserves |
| Called up share capital |
225 |
225 |
| Retained Earnings |
1,996 |
(6,762) |
| Share Premium Account |
675 |
675 |
| Capital Employed |
2,896 |
(5,862) |
| Period to | 06 Dec 03 | 31 Dec 02 | 31 Dec 01 |
| | £000 | £000 | £000 |
| Fixtures & Equipment |
2,598 |
474 |
144 |
| Other Assets |
0 |
0 |
0 |
| Total |
2,598 |
474 |
144 |
| % Change |
+448.1% |
+229.2% |
- |
| Per £000 turnover |
£15 |
£3 |
£3 |
Workforce and Labour Costs
| Period to | 06 Dec 03 | 31 Dec 02 | % Change | 31 Dec 01 |
| Man. & Admin |
242 |
156 |
+55.1% |
50 |
| Operations |
1,170 |
1,268 |
-7.7% |
502 |
| Total |
1,412 |
1,424 |
-0.8% |
552 |
| Wage Costs (£000) |
44,542 |
40,380 |
+10.3% |
14,462 |
| Cost per employee |
£31,545 |
£28,357 |
+11.2% |
£26,199 |
Board of Directors
Overall control is exercised by a board of 4 directors (Last Year: 11).
| Name | Appointed | Resigned |
| T A Clift |
03/01/1997 |
06/02/2004 |
| D Lowrie |
01/03/1999 |
19/04/2004 |
| J P Whitaker |
16/06/1997 |
16/02/2004 |
| R O'Toole |
19/09/2000 |
|
| I J Buchan |
13/06/2001 |
|
| T S Bell |
28/09/2001 |
16/01/2004 |
| M J Brand |
28/09/2001 |
10/02/2004 |
| C L Gibb |
28/09/2001 |
30/05/2003 |
| D H Baker |
13/12/2001 |
16/12/2003 |
| R S Smith |
02/01/2003 |
|
| D D Booth |
01/03/2003 |
|
Directors' Remuneration
| Period to | 06 Dec 03 | 31 Dec 02 | Change | 31 Dec 01 |
| | £000 | £000 | % | £000 |
| Highest Paid |
167 |
202 |
-17.3% |
107 |
| Total |
736 |
942 |
-21.9% |
190 |
