Underlying Summary Group P&L
(Last Updated: January 2021)
| |
2020
(£'m) |
2019
(£'m) |
2018
(£'m) |
2017
(£'m) |
2016
(£'m) |
| Revenue |
162.3 |
151.8 |
143.9 |
129.9 |
115.4 |
| Underlying costs |
(68.7) |
(64.3) |
(61.0) |
(55.5) |
(49.7) |
| Underlying EBITDA |
93.9 |
87.5 |
82.9 |
74.4 |
65.7 |
| EBITDA margin |
57.9% |
57.6% |
57.6% |
57.3% |
56.9% |
| Leasehold rent |
(12.8) |
(11.3) |
(11.2) |
(10.3) |
(8.8) |
| Underlying EBITDA after leasehold rent |
81.1 |
76.2 |
71.7 |
64.1 |
56.9 |
| EBITDA after leasehold rent margin |
50.0% |
50.2% |
49.8% |
49.3% |
49.3% |
| Depreciation |
(0.9) |
(0.7) |
(0.6) |
(0.5) |
(0.4) |
| Finance charges |
(9.1) |
(8.6) |
(8.4) |
(9.4) |
(10.1) |
| Underlying profit before tax |
70.9 |
66.9 |
62.7 |
54.2 |
46.4 |
| Current tax |
(5.2) |
(5.1) |
(4.7) |
(4.0) |
(3.7) |
| Adjusted EPRA earnings |
65.6 |
61.8 |
58.0 |
50.2 |
42.7 |
| Share-based payments charge |
(6.5) |
(5.6) |
(5.3) |
(1.5) |
(1.5) |
| EPRA basic earnings |
59.1 |
56.2 |
52.7 |
48.7 |
41.2 |
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2020
(p) |
2019
(p) |
2018
(p) |
2017
(p) |
2016
(p) |
| Dividend per share |
18.6 |
17.50 |
16.25 |
14.00 |
11.65 |
| Cash tax earning per share |
30.2 |
28.5 |
26.8 |
23.2 |
19.8 |
| Average shares in issue (m) |
217.2 |
216.8 |
216.7 |
216.7 |
216.2 |