Five Year Statement
Consolidated statement of comprehensive income
For the five years ended 30 September 2015 to 2019.
| 2019 | 2018 | 2017 | 2016 | 2015 | |
| £’000 | £’000 | £’000 | £’000 | £’000 | |
| Group revenue | 20,104 | 22,288 | 22,892 | 21,087 | 21,267 |
| Cost of sales | (13,311) | (14,047) | (13,481) | (12,071) | (12,366) |
| Gross profit | 6,793 | 8,241 | 9,411 | 9,016 | 8,901 |
| Distribution costs | (350) | (461) | (393) | (378) | (278) |
| Administration expenses | (3,462) | (3,639) | (3,591) | (4,365) | (4,073) |
| Group trading profit | 2,981 | 4,141 | 5,427 | 4,273 | 4,550 |
| Finance costs | – | (21) | (24) | (23) | (29) |
| Finance revenue | 76 | 68 | 10 | 20 | 23 |
| Profit before tax | 3,057 | 4,188 | 5,413 | 4,270 | 4,544 |
| Tax expense | (366) | (541) | (825) | (183) | (775) |
| Profit for the year | 2,691 | 3,647 | 4,588 | 4,087 | 3,769 |
| Earnings per share | |||||
| Basic | 16.8p | 22.7p | 29.0p | 26.6p | 24.7p |
| Diluted | 16.8p | 22.7p | 28.8p | 26.1p | 24.3p |
| Dividends per share | 22.8p | 22.8p | 14.7p | 12.3p | 10.3p |
The results for all the above years derive from continuing operations.
Dividends are shown in the accounts in the year in which they are paid.
Consolidated statement of financial position
At 30 September 2015 to 2019
| 2019 | 2018 | 2017 | 2016 | 2015 | |
| £’000 | £’000 | £’000 | £’000 | £’000 | |
| Assets | |||||
| Non-current assets | |||||
| Intangible assets | 1,299 | 1,585 | 1,633 | 1,457 | 1,427 |
| Property, plant and equipment | 6,385 | 6,605 | 7,030 | 7,789 | 7,807 |
| 7,684 | 8,190 | 8,663 | 8,846 | 9,234 | |
| Current assets | |||||
| Inventories | 3,034 | 3,021 | 2,996 | 2,760 | 3,214 |
| Trade and other receivables | 4,127 | 3,738 | 3,506 | 3,745 | 3,055 |
| Derivative financial assets | — | — | 54 | — | — |
| Cash and short term deposits | 13,143 | 14,626 | 14,099 | 12,763 | 9,833 |
| 20,304 | 21,385 | 20,655 | 19,268 | 16,102 | |
| Total assets | 27,988 | 29,575 | 29,318 | 28,114 | 25,336 |
| Equity and liabilities | |||||
| Current liabilities | |||||
| Trade and other payables | 962 | 1,446 | 1,042 | 1,302 | 971 |
| Financial liabilities | — | — | — | 1,148 | 200 |
| Derivative financial liabilities | 21 | 7 | — | 959 | 89 |
| Provisions | — | — | — | 205 | — |
| Accruals | 499 | 767 | 862 | 834 | 1,201 |
| Tax liabilities | 192 | 13 | 3 | 122 | 255 |
| 1,674 | 2,233 | 1,907 | 4,570 | 2,716 | |
| Non-current liabilities | |||||
| Financial liabilities | — | — | — | — | 1,144 |
| Provisions | — | — | — | — | 136 |
| Government grants | – | 15 | 25 | 48 | 59 |
| Deferred tax liabilities (net) | 516 | 562 | 610 | 260 | 590 |
| 516 | 577 | 635 | 308 | 1,929 | |
| Total liabilities | 2,190 | 2,810 | 2,542 | 4,878 | 4,645 |
| Net assets | 25,798 | 26,765 | 26,776 | 23,236 | 20,691 |
| Capital and reserves | |||||
| Equity share capital | 160 | 160 | 160 | 154 | 153 |
| Share premium | 8,994 | 8,994 | 8,994 | 7,766 | 7,552 |
| Revenue reserve | 16,644 | 17,611 | 17,622 | 15,316 | 12,986 |
| Total equity | 25,798 | 26,765 | 26,776 | 23,236 | 20,691 |