Five Year Statement
Consolidated income statement
For the five years ended 30 September 2013 to 2017.
| 2017 | 2016 | 2015 | 2014 | 2013 | |
| £’000 | £’000 | £’000 | £’000 | £’000 | |
| Group revenue | 22,892 | 21,087 | 21,267 | 18,886 | 17,282 |
| Cost of sales | (13,481) | (12,071) | (12,366) | (11,979) | (11,961) |
| Exceptional costs | — | — | — | — | (413) |
| Gross profit | 9,411 | 9,016 | 8,901 | 6,907 | 4,908 |
| Distribution costs | (393) | (378) | (278) | (156) | (210) |
| Administration expenses | (3,591) | (4,365) | (4,073) | (3,488) | (2,858) |
| Group trading profit | 5,427 | 4,273 | 4,550 | 3,263 | 1,840 |
| Other operating income | — | — | — | — | 94 |
| Group operating profit | 5,427 | 4,273 | 4,550 | 3,263 | 1,934 |
| Finance costs | (24) | (23) | (29) | (35) | (39) |
| Finance revenue | 10 | 20 | 23 | 33 | 44 |
| Profit before tax | 5,413 | 4,270 | 4,544 | 3,261 | 1,939 |
| Tax expense | (825) | (183) | (775) | (301) | (277) |
| Profit for the year | 4,588 | 4,087 | 3,769 | 2,960 | 1,662 |
| Earnings per share | |||||
| Basic | 29.0p | 26.6p | 24.7p | 19.6p | 11.1p |
| Diluted | 28.8p | 26.1p | 24.3p | 19.5p | 11.0p |
| Dividends per share | 14.7p | 12.3p | 10.3p | 9.1p | 8.7p |
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 balance sheet
At 30 September 2013 to 2017
| 2017 | 2016 | 2015 | 2014 | 2013 | |
| £’000 | £’000 | £’000 | £’000 | £’000 | |
| Assets | |||||
| Non-current assets | |||||
| Intangible assets | 1,633 | 1,457 | 1,427 | 1,413 | 1,453 |
| Property, plant and equipment | 7,030 | 7,789 | 7,807 | 7,443 | 7,888 |
| Trade and other receivables | — | — | — | — | — |
| 8,663 | 8,846 | 9,234 | 8,856 | 9,341 | |
| Current assets | |||||
| Inventories | 2,996 | 2,760 | 3,214 | 3,126 | 3,509 |
| Trade and other receivables | 3,506 | 3,745 | 3,055 | 3,068 | 2,430 |
| Other current financial assets | 54 | — | — | 48 | — |
| Cash and short term deposits | 14,099 | 12,763 | 9,833 | 7,806 | 5,474 |
| 20,655 | 19,268 | 16,102 | 14,048 | 11,474 | |
| Total assets | 29,318 | 28,114 | 25,336 | 22,904 | 20,754 |
| Equity and liabilities | |||||
| Current liabilities | |||||
| Trade and other payables | 1,042 | 1,302 | 971 | 1,057 | 1,410 |
| Financial liabilities | — | 1,148 | 200 | 200 | 200 |
| Derivative financial liabilities | — | 959 | 89 | 224 | |
| Provision | — | 205 | — | — | — |
| Accruals | 862 | 834 | 1,201 | 1,264 | 688 |
| Taxation liabilities | 3 | 122 | 255 | 30 | 192 |
| Government grants | — | — | — | — | — |
| 1,907 | 4,570 | 2,716 | 2,775 | 2,490 | |
| Non-current liabilities | |||||
| Financial liabilities | — | — | 1,144 | 1,341 | 1,538 |
| Provisions | — | — | 136 | 139 | |
| Government grants | 25 | 48 | 59 | — | — |
| Deferred tax liabilities (net) | 610 | 260 | 590 | 596 | 625 |
| 635 | 308 | 1,929 | 2,076 | 2,163 | |
| Total liabilities | 2,542 | 4,878 | 4,645 | 4,851 | 4,653 |
| Net assets | 26,776 | 23,236 | 20,691 | 18,053 | 16,101 |
| Capital and reserves | |||||
| Equity share capital | 160 | 154 | 153 | 152 | 150 |
| Share premium | 8,994 | 7,766 | 7,552 | 7,290 | 7,003 |
| Revenue reserve | 17,622 | 15,316 | 12,986 | 10,611 | 8,948 |
| Total equity | 26,776 | 23,236 | 20,691 | 18,053 | 16,101 |