Our financial record includes the summarised consolidated income statement, key performance indicators, net debt and summarised consolidated balance sheet.

Summarised consolidated income statement

  2015
£m
2014
£m
2013
£m
2012
£m
2011
£m
Revenue
Funeral services 212.6 184.4 176.2 157.9 146.5
Crematoria 63.1 55.2 53.8 46.6 41.6
Pre–arranged funeral plans 29.6 29.3 26.7 25.1 22.0
  305.3 268.9 256.7 229.6 210.1
Underlying operating profit
Funeral services 76.8 66.3 60.8 54.2 50.8
Crematoria 34.6 29.1 27.4 23.3 21.3
Pre–arranged funeral plans 7.8 7.4 6.7 6.5 5.5
Central overheads (20.5) (17.9) (16.5) (14.6) (13.1)
  98.7 84.9 78.4 69.4 64.5
Finance costs (27.0) (30.6) (28.9) (25.8) (25.9)
Finance income 0.5 4.2 3.4 2.5 3.0
 
Underlying profit before tax 72.2 58.5 52.9 46.1 41.6
Taxation (15.5) (13.1) (12.9) (11.7) (11.4)
Underlying profit after tax 56.7 45.4 40.0 34.4 30.2
Underlying earnings per share (pence) 114.8p 85.8p 72.1p 62.8p 55.1p
Operating profit 95.5 82.9 75.1 68.7 63.2
Profit after tax 56.9 (55.0) 40.4 35.7 34.3
Basic earnings per share (pence) 115.2p (104.0p) 72.8p 65.1p 62.6p

Key performance indicators

  20152014201320122011
Total estimated number of deaths in Britain (number) 588,000 550,000 560,000 551,000 539,000
Number of funerals performed (number) 73,500 65,600 68,000 63,200 62,300
Funeral market share** (per cent) 12.3%
11.7% 11.9% 11.2% 11.3%
Number of cremations performed (number) 57,700 53,400 55,500 50,500 47,600
Crematoria market share (per cent) 9.8% 9.7% 9.9% 9.2% 8.8%
Active pre-arranged funeral plans (number) 374,000 348,000 323,000 290,000 265,000
Cash generated from operations (£million) 125.2 104.4 94.2 83.3 74.2

Net debt

  2015
£m
2014
£m
2013
£m
2012
£m
2011
£m
Net amounts owing on Old Notes per financial statements - - (403.0) (318.9) (323.3)
Net amounts owing on New Notes per financial statements (586.5) (594.6) - - -
Add: unamortised issue costs - Old Notes - - (16.3) (14.6) (16.2)
Add: unamortised issue costs – New Notes (0.7) (0.7) - - -
Gross amounts owing on Secured Notes per financial statements (587.2) (595.3) (419.3) (333.5) (339.5)
Net amounts owing on Crematoria Acquisition Facility per financial statements (15.7) (15.6) (15.6) (10.0) (9.9)
Add: unamortised issue costs on Crematoria Acquisition Facility (0.1) (0.2) (0.2) - (0.1)
Gross amounts owing (603.0) (611.1) (435.1) (343.5) (349.5)
Accrued interest on Old Notes - - (14.3) (11.6) -
Accrued interest on New Notes (12.8) (5.7) - - -
Accrued interest on Crematoria Acquisition Facility (0.1) - - (0.1) (0.1)
Cash and cash equivalents 98.8 86.5 79.3 55.6 36.9
Net debt (517.1) (530.3) (370.1) (299.6) (312.7)

Summarised consolidated balance sheet

  2015
£m
2014
£m
2013
£m
2012
£m
2011
£m
Noncurrent assets
Goodwill and intangible assets 328.2 276.5 250.4 204.5 194.3
Property, plant and equipment 200.6 192.3 183.6 157.1 147.6
Financial and other assets 10.3 10.4 12.7 12.6 12.6
Retirement benefit asset - - - 0.1 1.3
  539.1 479.2 446.7 374.3 355.8
Current assets
Cash and cash equivalents – excluding collateralisation of Liquidity Facility 98.8 86.5 79.3 55.6 36.9
Cash and cash equivalents – collateralisation of Liquidity Facility - - 63.0 - -
Cash and cash equivalents 98.8 86.5 142.3 55.6 36.9
Other current assets 38.3 36.5 34.4 32.1 30.5
  137.1 123.0 176.7 87.7 67.4
Total assets 676.2 602.2 623.4 462.0 423.2
Current liabilities 82.7 60.6 143.6 76.9 45.6
Non-current liabilities 637.4 634.1 437.6 340.5 360.4
Total liabilities 720.1 694.7 581.2 417.4 406.0
Equity attributable to shareholders (43.9) (92.5) 42.2 44.6 17.2
Total equity and liabilities 676.2 602.2 623.4 462.0 423.2

NOTES

  • * This information has been extracted from the current and previous Annual Reports and accordingly does not constitute audited information.
  • ** Market share excluding funerals performed in Northern Ireland.