Revenue Statement
The Group's operating performance is summarised in the following table:
|
2009
£'m
|
2008
£'m |
Growth/
(decline)
% |
| Revenue |
937.1
|
889.4 |
5.4 |
| Home EBITDAR before central costs |
290.6
|
275.7 |
5.4 |
| Home EBITDAR margin (%) before central costs |
31.0
|
31.0 |
- |
| Adjusted EBITDA |
72.5
|
78.1 |
(7.2) |
| Operating loss |
(12.7)
|
(5.2) |
- |
| Loss before taxation |
(19.8)
|
(22.9) |
- |
| Average number of available beds |
37,664
|
36,626 |
2.8 |
| Cash generated from operations |
87.5
|
71.4 |
22.5 |
Financial Highlights
- Revenue from continuing operations increased by 4.7% to £931.4m (2008: £889.4m).
- Home EBITDAR before central costs increased by 5.4% to £290.6m (2008: £275.7m).
- Home EBITDAR from continuing operations before central costs increased by 4.9% to £289.1m (2008: £275.7m).
- Adjusted EBITDA of £72.5m (2008: £78.1m).
- Home EBITDAR margin, before central costs, 31.0% (2008: 31.0%).
- Cash inflow from operations £87.5m (2008: £71.4m).
- Adjusted earnings per share for the year of 17.65p (2008: 19.60p).
- Net debt at year end reduced by £64.4m to £33.1m.
- Announcement of dividend policy.
Operating Highlights
- Available beds increased to 38,124 at year end (2008: 37,425 beds).
- Number of homes operated increased to 744 at the year end (2008: 735).
- Average mature occupancy 88.4% (2008: 90.5%). Average occupancy 87.7%
(2008: 89.5%).
- Average weekly fee increased by 4.6% to £546 (2008: £522).
- Significant progress made towards improving overall service quality, with 77% judged excellent or good, up from 71% in March 2009.
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