Metropole Plc

% -7 -8 -3
Note 1: Segmental Analysis year ended 31 December 2010 Metropole Plc
INCOME STATEMENT/S
Home Household DIY
Decorating Goods Stores Total YEAR ENDED 31 Decemb
£000's £000's £000's
REVENUE
Revenue 533.4 593.6 150.6 1277.5
COST OF SALES
Cost of Sales -390.4 -380.2 -87.7 -858.3
GROSS PROFIT
Operating Expenses -118.2 -152.1 -30.3 -300.6
OPERATING EXPENSES
Operating Profit 24.7 61.3 32.6 118.7
OPERATING PROFIT

Finance Tax FINANCE COSTS

Opening -11.6 -36.6 given
Cash 25 25 PROFIT BEFORE TAX
Closing 10.1 24
23.5 12.4 TAXATION

PROFIT FOR THE PERIOD

Note 2: Analysis of Current Liabilities OTHER COMPREHENSIVE
REVALUATION
Current Liabilities £000’s TOTAL COMPREHENSIVE
Trade Payables 139.2
Accruals 72.61
Debenture Int 10.1
Taxation 24.0 Metropole Plc
245.95 STATEMENT OF FINANCI
AS AT 31 MARCH 2009
Plant £000’s Provision for depreciation
Original cost 80 16 NON CURRENT ASSETS
1st year depreciation 16 12.8 TANGIBLE
NBV 64 28.8 INTANGIBLE
2nd Year depreciation12.8
NBV 51.2
CURRENT ASSETS
Disposal of Non Current Asset INVENTORIES
Cost 50 TRADE RECIEVABLES
Depr 28.8 SHORT TERM DEPOSITS
NBV 21.2 bs CASH
Cash 46.6
Loss 25.4
TOTAL ASSETS
EQUITY
ORDINARY SHARE CAPIT
SHARE PREMIUM ACCOU
REVALUATION RESERVE
RETAINED EARNINGS

NON CURRENT LIABILIT

CURRENT LIABILITIES
TOTAL EQUITY AND LIA
Metropole Plc
INCOME STATEMENT/STATEMENT OF COMPREHENSIVE INCOME Movement of Tangible Non Current A

YEAR ENDED 31 December 2010 Cost

£000's
REVENUE 1277.5
Opening
COST OF SALES -858.3 Additions
Disposals
GROSS PROFIT 419.2 Revaluation

OPERATING EXPENSES -300.6

Depreciation
OPERATING PROFIT 118.7 Opening
Disposals
FINANCE COSTS 23.5 Charge for year

PROFIT BEFORE TAX 95.2

NBV
TAXATION 12.4

PROFIT FOR THE PERIOD 82.8 Intangible Assets

OTHER COMPREHENSIVE INCOME Intangible 2009
REVALUATION 100.0 Less Impairment
TOTAL COMPREHENSIVE INCOME
182.8

Revaluation of Land
Value of Land @ 31/12/09
Metropole Plc Revaluation
STATEMENT OF FINANCIAL POSITION New Value
AS AT 31 MARCH 2009

NON CURRENT ASSETS

TANGIBLE 1659.4
INTANGIBLE 43.0 Statement of Change in Equity
1702.4

CURRENT ASSETS
INVENTORIES 207.68 Opening Balance
TRADE RECIEVABLES 203.16 Share Issue
SHORT TERM DEPOSITS 145.2 Revaluation
4.3 Profit for year
560.34 Dividend paid
Closing Balance
TOTAL ASSETS 2262.8
ORDINARY SHARE CAPITAL 528.7
SHARE PREMIUM ACCOUNT 323.2
REVALUATION RESERVE 406.7
RETAINED EARNINGS 665.2
1923.8
0.0 0.0
NON CURRENT LIABILITIES 93.1
CURRENT LIABILITIES 245.95
TOTAL EQUITY AND LIABILITIES 2262.8
 Metropole Plc
ment of Tangible Non Current Assets STATEMENT OF CASH FLOWS

Land and Plants Equipment Total AS AT 31 December 2010

Property Cash Flows from Operating Activitie
£000's £000's £000's £000's Net profit before Tax
1342.8 375.1 308.7 2026.6 Finance cost
30.0 40.0 70.0 Depreciation
-80 -80.0 Goodwill impair
100.0 100.0 Loss on disposal
1442.8 325.1 348.7 2116.6
Inventories
Recievables
115.5 101 121.8 338.3 Payables
-28.8 -28.8 Accruals
16.4 63.2 68.1 147.7 Cash Generated from operations
131.9 135.4 189.9 457.2 FINANCE COSTS
INCOME TAXES
1310.9 189.7 158.8 1659.4
INVESTING ACTIVITIES
CASH FOR PPE
£000's
48 SALE OF PPE
-5.0 CASH FLOW BEFORE FINANCING
43 FINANCING ACTIVITIES

uation of Land £000's DIVIDENDS -41.4

e of Land @ 31/12/09 525 SHARE ISSUE 80.0
100.0 DEBT REDUCING
-93.2
625
INCREASE IN CASH
AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS A

ment of Change in Equity
CASH AND CASH EQUIVALENTS A
Ord Share Rev Retained Total
Shares Premium Reserve Earnings
498.7 273.2 306.7 623.8 1702.4
30.0 50.0 80 CASH AND CASH EQUIVALENTS AT START
100.0 100.0 Start
82.8 82.8 Cash at bank 0.5
-41.4 -41.4 Cash Deposit198.7
528.7 323.2 406.7 665.2 1923.8 Bank overdraft
-22.1
Err:522
CASH AND CASH EQUIVALENTS AT START

Cash at bank 4.3

Cash Deposit145.2
Bank overdraft0
149.5
ENT OF CASH FLOWS

December 2010
ws from Operating Activities
before Tax 95.2
23.5
147.7
5.0
-25.4
245.9
-18.9
-33.9
-107.8
15.0
erated from operations 100.4
-25.0
-25.0 Opening balance sheet
Closing balance sheet
NG ACTIVITIES 50.4

70.0
46.6
OW BEFORE FINANCING -23.4
NG ACTIVITIES 27.0

-54.6

SE IN CASH
SH EQUIVALENTS -27.6

ND CASH EQUIVALENTS AT START OF YEAR

177.1 149.5

ND CASH EQUIVALENTS AT END OF YEAR

149.5

EQUIVALENTS AT START OF YEAR

EQUIVALENTS AT START OF YEAR
InventoriesReceivables
Payables Accruals
188.8 169.3 -247 87.6
-207.68 -203.16 139.23 -72.61
-18.9 -33.9 -107.8 15.0