Five Year Financial Summary

Consolidated Income Statement

  2015
£'000
2016
£'000
2017
£'000
2018
£'000
2019
£'000
Falklands Islands Company 18,506 18,495 17,828 18,259 17,554
Momart 15,753 16,257 18,380 21,222 20,607
Gosport Ferry ( PHFC ) 4,301 4,244 4,286 4,349 4,367
Total Group Turnover 38,560 38,996 40,494 43,830 42,528
Falklands Islands Company 1,484 1,819 1,136 1,385 1,565
Momart 1,239 460 453 1,071 1,730
Gosport Ferry ( PHFC ) 1,032 1,028 1,216 1,177 1,082
Underlying Operating Profit 3,755 3,307 2,805 3,633 4,377
Operating Profit Margin 9.7% 8.5% 6.9% 8.3% 10.3%
Share of Joint Venture Results 180 200 24 18 -
Net Financing Costs (376) (429) (433) (416) (519)
Underlying Pre-Tax Profit 3,559 3,078 2,396 3,235 3,858
Gain on sale of FOGL shares 711 388 - - -
Amortisation of intangibles (142) (136) (136) - -
Other Non-trading items ( share issue costs , restructuring ) (234) (531) (373) 61 -
Profit Before Tax 3,894 2,799 1,887 3,296 3,858
Taxation Charge (750) (577) (460) (779) (827)
19.3% 20.6% 24.4% 23.6% 21.4%
Net Profit After Tax 3,144 2,222 1,427 2,517 3,031
Weighted Avg. Number of Shares in Issue 12,446 12,384 12,430 12,525 12,560
Diluted EPS on Underlying PAT 22.0p 19.2p 15.3p 19.7p 24.1p

Balance Sheet Details

  31 March
2015
£'000
31 March
2016
£'000
31 March
2017
£'000
31 March
2018
£'000
31 March
2019
£'000
FIH plc : 5 Year Financial Summary
Net Assets / Shareholders' Funds 36,688 38,569 39,745 41,733 44,567
Cash 7,435 14,037 15,079 17,018 6,184
Bank Borrowings (735) (3,264) (3,828) (3,329) (12,814)
Net Cash / Bank Borrowings 6,700 10,773 11,251 13,689 (6,630)

Consolidated Cash Flow Statement

  2015
£'000
2016
£'000
2017
£'000
2018
£'000
2019
£'000
Profit Before Tax 3,894 2,799 1,887 3,296 3,858
Add back:
Depreciation 1,426 1,459 1,451 1,692 1,437
Amortisation 142 136 136 - -
Share of Joint venture profits (180) 130 (105) (18) -
Net interest 370 420 433 416 519
Less gain on FOGL share sale (711) (388) - - -
Takeover bid & defence costs charge - - 530 - -
Share option charge 90 61 15 37 69
Increase in hire purchase debtors (260) (460) 3 128 191
Other cash flows, including open offer and pension transfers - (49) (76) (59) 20
Working capital movement 2,260 622 (988) (473) (2,470)
Cash flow from operations, before tax, interest and dividends 7,031 4,730 3,286 5,019 3,624
- - - - -
Cash flow from operations, before tax, interest and dividends
Falklands Islands Company 3,572 2,674 2,099 997 801
Momart 2,210 692 (520) 2,575 1,260
Gosport Ferry (PHFC) 1,481 1,367 1,657 1,777 1,453
Unallocated (232) (3) 50 (330) 110
Cash flow from operations, before tax, interest and dividends 7,031 4,730 3,286 5,019 3,624
Capital Expenditure
Falklands Islands Company (2,598) (1,229) (578) (389) (2,348)
Momart (648) (402) (971) (186) (20,034)
Gosport Ferry (PHFC) (1,483) (223) (241) (228) (50)
Total Capital Expenditure (4,729) (1,854) (1,790) (803) (22,432)
Taxes paid (792) (324) (336) (475) (560)
Cash flows on sale and purchase of FOGL shares 2,287 1,396 - - -
Proceeds from fixed asset disposals 86 141 76 61 -
Net interest (paid)/received (248) (330) (344) (345) (433)
Bank loan & Hire purchase repayments, net of drawdowns (312) 2,528 438 (573) 9,527
Cash flows payments to pensioners and pension scheme transfers (115) (115) (113) (102) (103)
Investment in, and loans to joint venture 151 378 200 24 -
Other, including Treasury share cash flows (215) 52 (375) (184) 122
Dividends paid (1,424) - - (683) (579)
Other Cash Flows (582) 3,726 (454) (2,277) 7,974
Net Cash Flow 1,720 6,602 1,042 1,939 (10,834)
Opening Cash 5,715 7,435 14,037 15,079 17,018
Closing Cash and Cash Equivalents 7,435 14,037 15,079 17,018 6,184
Total net cash / debt
Cash and Cash Equivalents 7,435 14,037 15,079 17,018 6,184
Bank Debt (735) (3,264) (3,828) (3,329) (12,814)
Total net bank debt / cash 6,700 10,773 11,251 13,689 (6,630)

Operating Companies