5 year summary

5 year summary

12 months ended 30 June 2016
£m
2015
£m
2014
£m
2013*
£m
2012
£m
Revenue 1,382 1,150 864 605 479
Operating profit before exceptional items and financing costs 261 213 138 73 48
Operating profit before exceptional items and financing costs as a percentage of turnover 18.9% 18.5% 15.9% 12.1% 10.0%
Profit before tax 250 204 133 69 43
Net assets 1,017 849 696 609 562
Net debt 139 (154) (172) (91) (14)
Gearing (net debt as a percentage of capital and reserves) 14% 18.1% 24.8% 14.9% 2.5%
Return on capital employed – operating profit before exceptional items adjusted for joint ventures as a percentage of opening and closing capital employed 24.20% 22.8% 18.0% 12.2% 8.7%
Return on equity 26.80% 26.4% 20.5% 12.3% 8.4%
Number of legal completions 4,716 4,022 3,597 2,827 2,458
Earnings per ordinary share 55.4p 44.5p 28.3p 14.6p 9.7p
Dividends paid per ordinary share 10p 4.0p 2.0p - -
Net assets per ordinary share 275.0p 229.5p 188.1p 165.0p 151.8p

*Restated to reflect the application of IAS 19R – Employee Benefits.