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Independent Auditor’s Report to the Members of De La Rue plc
Group Income Statement
Group Statement of Comprehensive Income
Group Balance Sheet
Group Statement of Changes in Equity
Group Cash Flow Statement
Accounting policies
Notes to the accounts
Company Balance Sheet
Accounting policies – Company
Notes to the accounts – Company
Shareholders’ information
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De La Rue Plc-Annual Report 2011

De La Rue Plc-Annual Report 2011

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Published by EurasianObserver
De La Rue plc
Annual Report 2011
Overview
01 Results summary
02 De La Rue at a glance
Business review
04 Chairman’s statement
06 Chief Executive’s review
16 Operational review
– Currency
– Cash Processing Solutions
– Security Products
– Identity Systems
20 Risk and risk management
24 Financial review
27 Corporate responsibility
Corporate governance report
32 Directors and Secretary
34 Shareholders and share capital
35 Other statutory information
37 Corporate governance statement
42 Remuneration report
Financial statements
51 Independent Auditor’s Report
52 Group Income Statement
53 Group Statement of Comprehensive Income
54 Group Balance Sheet
55 Group Statement of Changes in Equity
56 Group Cash Flow Statement
57 Accounting policies
63 Notes to the accounts
88 Company Balance Sheet
89 Accounting policies – Company
90 Notes to the accounts – Company
92 Principal subsidiaries, branches and associated companies
93 Five year record
94 Shareholders’ information
Financial key performance indicators (KPIs)
04 Dividends per share
05 Earnings per share
05 Total shareholder return
06 Revenue
06 Profit before tax and exceptional items
06 Operating profit before exceptional items
06 Operating cash flow
24 Key financials summary table
Operational KPIs
07
Health, safety and environment KPIs
29 and 30
Throughout this Annual Report, ‘Group’ is used as a collective
term to describe De La Rue plc and its subsidiary companies.
‘Company’ is a reference to De La Rue plc.
De La Rue Annual Report 2011 1
Overview Business review Corporate governance report Financial statements
As the world’s largest integrated Results summary
commercial security printer and
papermaker, De La Rue is a trusted
partner of governments, central banks,
issuing authorities and commercial
organisations around the world.
The Group is involved in the design and
production of over 150 national currencies
and a wide range of security documents
including passports, driving licences,
authentication labels and tax stamps.
In addition, the Group manufactures
sophisticated, high speed cash
sorting equipment.
De La Rue also offers a range of specialist
services and software solutions including
government identity schemes, product
authentication systems and cash
management processing solutions.
De La Rue employs approximately
4,000 people worldwide and is listed on
the London Stock Exchange. For further
information visit De La Rue’s website at
www.delarue.com
Revenue
2011: £463.9m
2010: £561.1m
Operating profit
Operating profit before exceptional items
2011: £40.4m
2010: £109.2m
Profit
Profit before tax and exceptional items
2011: £33.3m
2010: £104.1m
Cash
Operating cash flow
2011: £14.7m*
2010: £116.1m
*Operating cash flow before one off special pension contribution
Earnings per share (EPS)
Headline EPS (before exceptional items)
2011: 24.0p
2010: 76.2p
Dividend
Total dividend for the year
2011: 42.3p
2010: 42.3p
De La Rue Annual Report 2011 2
De La Rue at a glance
Dulles
Dallas
Albany
United Kingdom
Zejtun
Nairobi
Midrand
Kuala Lumpur
Malwana
Moscow
Delhi
Beijing
São Paulo
Mexico City
CPS locations: Melbourne, Bangkok, Kuala Lumpur, Johannesburg, Amsterdam, Hong Kong Melbourne
Bangkok
Amsterdam
Dubai Hong Kong
Key sites
Currency
Cash Processing Solutions
Security Products
Identity Systems
Geographic revenue
Percentage
UK and Ireland
Rest of Europe
Americas
Rest of world
19%
13%
16%
52%
Employees by location
Percentage
UK and Ireland
Rest of Europe
Americas
Rest of world
52%
17%
6%
25%
We have manufactured banknote paper
for nearly 300 years and printed banknotes
for 150 years.
Our DLR 7000 large sorter processes,
sorts and authenticates at a speed of
up to 33 banknotes per second.
De La Rue has partnered with Microsoft
since 1996 to protect consumers from
software piracy.
We are involved in the issue of 27 million
secure identi
De La Rue plc
Annual Report 2011
Overview
01 Results summary
02 De La Rue at a glance
Business review
04 Chairman’s statement
06 Chief Executive’s review
16 Operational review
– Currency
– Cash Processing Solutions
– Security Products
– Identity Systems
20 Risk and risk management
24 Financial review
27 Corporate responsibility
Corporate governance report
32 Directors and Secretary
34 Shareholders and share capital
35 Other statutory information
37 Corporate governance statement
42 Remuneration report
Financial statements
51 Independent Auditor’s Report
52 Group Income Statement
53 Group Statement of Comprehensive Income
54 Group Balance Sheet
55 Group Statement of Changes in Equity
56 Group Cash Flow Statement
57 Accounting policies
63 Notes to the accounts
88 Company Balance Sheet
89 Accounting policies – Company
90 Notes to the accounts – Company
92 Principal subsidiaries, branches and associated companies
93 Five year record
94 Shareholders’ information
Financial key performance indicators (KPIs)
04 Dividends per share
05 Earnings per share
05 Total shareholder return
06 Revenue
06 Profit before tax and exceptional items
06 Operating profit before exceptional items
06 Operating cash flow
24 Key financials summary table
Operational KPIs
07
Health, safety and environment KPIs
29 and 30
Throughout this Annual Report, ‘Group’ is used as a collective
term to describe De La Rue plc and its subsidiary companies.
‘Company’ is a reference to De La Rue plc.
De La Rue Annual Report 2011 1
Overview Business review Corporate governance report Financial statements
As the world’s largest integrated Results summary
commercial security printer and
papermaker, De La Rue is a trusted
partner of governments, central banks,
issuing authorities and commercial
organisations around the world.
The Group is involved in the design and
production of over 150 national currencies
and a wide range of security documents
including passports, driving licences,
authentication labels and tax stamps.
In addition, the Group manufactures
sophisticated, high speed cash
sorting equipment.
De La Rue also offers a range of specialist
services and software solutions including
government identity schemes, product
authentication systems and cash
management processing solutions.
De La Rue employs approximately
4,000 people worldwide and is listed on
the London Stock Exchange. For further
information visit De La Rue’s website at
www.delarue.com
Revenue
2011: £463.9m
2010: £561.1m
Operating profit
Operating profit before exceptional items
2011: £40.4m
2010: £109.2m
Profit
Profit before tax and exceptional items
2011: £33.3m
2010: £104.1m
Cash
Operating cash flow
2011: £14.7m*
2010: £116.1m
*Operating cash flow before one off special pension contribution
Earnings per share (EPS)
Headline EPS (before exceptional items)
2011: 24.0p
2010: 76.2p
Dividend
Total dividend for the year
2011: 42.3p
2010: 42.3p
De La Rue Annual Report 2011 2
De La Rue at a glance
Dulles
Dallas
Albany
United Kingdom
Zejtun
Nairobi
Midrand
Kuala Lumpur
Malwana
Moscow
Delhi
Beijing
São Paulo
Mexico City
CPS locations: Melbourne, Bangkok, Kuala Lumpur, Johannesburg, Amsterdam, Hong Kong Melbourne
Bangkok
Amsterdam
Dubai Hong Kong
Key sites
Currency
Cash Processing Solutions
Security Products
Identity Systems
Geographic revenue
Percentage
UK and Ireland
Rest of Europe
Americas
Rest of world
19%
13%
16%
52%
Employees by location
Percentage
UK and Ireland
Rest of Europe
Americas
Rest of world
52%
17%
6%
25%
We have manufactured banknote paper
for nearly 300 years and printed banknotes
for 150 years.
Our DLR 7000 large sorter processes,
sorts and authenticates at a speed of
up to 33 banknotes per second.
De La Rue has partnered with Microsoft
since 1996 to protect consumers from
software piracy.
We are involved in the issue of 27 million
secure identi

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Categories:Business/Law, Finance
Published by: EurasianObserver on Nov 15, 2011
Copyright:Attribution Non-commercial

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