Consolidated Statement of Financial Position

Non-current assets

    4,203,764 3,681,332 
  Note 2017 $'000 2016 $'000
Goodwill 9 2,828,604 2,436,168 
Other intangible assets 10 1,089,370  966,555 
Property, plant and equipment  12 40,956  40,867 
Investments in associates  14 11,457  12,711 
Long-term pension assets  25 22,031  22,272 
Other non-current assets  15 3,093  4,002 
Deferred tax assets  28 208,253 198,757 

 

Current assets

  Note 2017 $'000 2016 $'000
    442,193 954,361
Total assets   4,645,957 4,635,693
Inventories 16 64 93
Trade and other recievables 17 289,509 268,186 
Current tax recievables 21 1,637 18,016
Cash and cash equivalents 18 150,983 667,178
Assets classified as held for sale 11 - 888

 

Current liabilities

  Note 2017 $'000 2016 $'000
    944,697 1,061,797
Trade and other payables 19 170,042  188,090
Borrowings 20 71,184 275,256
Provisions 24 20,142 10,545
Current tax liabilities 21 42,679 22,426
Deferred income 22 640,650

565,480

 

Non-current liabilities

  Note 2017 $'000 2016 $'000
    2,087,770 1,980,168
Total liabilities   3,032,467 3,041,965
Net assets    1,613,490 1,593,728
Deferred income 23  223,786 196,483 
Borrowings 20 1,490,352  1,469,953 
Retirement benefit obligations  25 30,773  31,669 
Long-term provisions  24 11,937  14,354 
Other non-current liabilities  26 4,191  3,671 
Deferred tax liabilities  28 326,731  264,038 

 

Capital and reserves

  Note 2017 $'000 2016 $'000
Total equity attributable to owners of the parent   1,612,536 1,592,671
Non-controlling interests 32 954 1,057
Total equity   1,613,490 1,593,728
Share capital 29 39,700 39,573
Share premium account 30 192,145 190,293
Merger reserve 31 338,104 988,104
Capital redemption reserve 31 163,363 163,363
Retained earnings   902,183 228,344
Foreign currency translation deficit   (22,959) (17,006)

Consolidated Statement of Cash Flows

Profit after tax

  Note 2017 $'000 2016 $'000
Profit after tax    157,803  162,972
Adjustments for:      
Net interest 5 95,845  97,348
Taxation  6 38,541 32,424 
Share of results and associates  14  1,254  2,190 



Operating profit

  Note

2017
$'000

2016 $'000
Operating profit   293,443 294,934
Research and development tax credits   (2,998) (2,041)
Depreciation 12 11,794 11,419
Loss on disposal of property, plant and equipment 12 520 109
Amortization of intangibles 10 236,434 203,313
Share-based compensation 33 34,506 28,793
Exchange movements   (4,890) (2,915)
Provisions movements  24 47,266 12,985 


Changes in working capital

  Note 2017 $'000 2016 $'000
Inventories   29 28
Trade and other receivables    10,224 (49,175)
Payables and other liabilities   (33,252) 30,923
Provisions utilization 24 (43,476) (55,639)
Deferred income    15,375 (16,603)
Pension funding in excess of charge to operating profit   (183) (18)


Cash generated from operations

  Note 2017 $'000 2016 $'000
Cash generated from operations   564,792 456,113
Interest paid   (81,115) (91,807)
Bank loan costs   (6,654) (1,805)
Tax paid   (24,644) (79,282)


Net cash generated from operating activities

  Note 2017
$'000
2016 $'000
Net cash generated from operating activities   452,379 283,219 
Cash flows from investing activities      
Payments for intangible assets 10 (31,438) (34,488) 
Purchase of property, plant and equipment  12 (11,727)  (10,281) 
Interest received    979  1,009 
Payment for acquisition of business   37 (299,061)  (9,960) 
Repayment of bank borrowings on acquisition of business 37  (316,650) 
Net cash acquired with acquired with acquisitions 37 68,173 106


Net cash used in investing activities

  Note 2017 $'000 2016* $'000
Net cash used in investing activities   (589,724) (53,614)
Cash flows from financing activities      
Investment in non-controlling interest 32 (2) -
Proceeds from issue of ordinary share capital 29 1,979 968
Purchase of treasury shares   (7,678) 
Proceeds from share capital placement   - 225,720
Costs associated with share placement   - (2,979)
Repayment of bank borrowings  20 (372,062) (157,750)
Proceeds from bank borrowings 20 180,000 245,000
Dividends paid to owners 7 (177,535) (105,159)

 

Net cash (used in)/generated from financing activities

  Note 2017 $'000 2016* $'000
Net cash (used in)/generated from financing activities   (375,298) 205,800
Effects of exchange rate changes   (3,552)  (9,551) 
Net (decrease)/increase in cash and cash equivalents   (516,195) 425,854
Cash and cash equivalents at beginning of year   667,178 241,324
Cash and cash equivalents at end of year  18 150,983 667,178