Read our Group 2022 Annual Report and Accounts
Group five-year summary results
As of 31 December
| 2018£m | 2019£m | 2020£m | 2021£m | 2022£m | |
|---|---|---|---|---|---|
| Revenue | 4,352.6 | 5,052.8 | 5,441.3 | 5,034.5* | 6,470.5 |
| Adjusted1 operating profit | 118.8 | 151.5 | 206.5 | 262.8 | 269.1 |
| Adjusted1 profit before tax | 118.2 | 146.3 | 200.5 | 255.6 | 263.7 |
| Profit for the year | 80.9 | 101.6 | 154.2 | 186.5 | 184.2 |
| Adjusted1 diluted earnings per share | 75.7p | 92.5p | 126.4p | 165.6p | 169.7p |
| Adjusted net funds | 66.2 | 137.1 | 188.6 | 241.1 | 244.3 |
| Headcount (monthly average) | 15,117 | 15,816 | 16,764 | 17,496 | 18,708 |
*Revenue for the year ended 31 December 2021 has been restated to reflect the change in revenue recognition policies relating to software licences and third-party services agreements resold on a standalone basis following the finalisation of an agenda decision by the IFRS Interpretation Committee
Group five-year balance sheet
As of 31 December
| 2018£m | 2019£m | 2020£m | 2021£m | 2022£m | |
|---|---|---|---|---|---|
| Tangible assets | 106.3 | 101.4 | 107.0 | 90.0 | 94.1 |
| Right-of-use assets | - | 110.9 | 129.6 | 138.1 | 119.4 |
| Intangible assets | 184.6 | 175.6 | 274.7 | 273.7 | 342.1 |
| Investment in associate | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Deferred tax asset | 9.6 | 9.2 | 10.1 | 30.2 | 11.3 |
| Non-current prepayments | 3.5 | 3.5 | 23.6 | 16.6 | 19.4 |
| Inventories | 99.5 | 122.2 | 211.3 | 341.3 | 417.7 |
| Trade and other receivables (including income tax receivables) | 1,180.4 | 996.5 | 1,105.8 | 1,284.0 | 1,727.8 |
| Prepayments and accrued income | 171.2 | 176.3 | 228.2 | 251.1 | 265.7 |
| Derivative financial instruments | 3.9 | 3.3 | 1.6 | 3.6 | 7.5 |
| Cash and short-term deposits | 200.4 | 217.9 | 309.8 | 285.2 | 275.1 |
| Current liabilities | (1,351.1) | (1,257.8) | (1,586.2) | (1783.7) | (2,246.8) |
| Non-current liabilities | (160.6) | (166.6) | (184.7) | (185.4) | (161.4) |
| Net assets | 447.8 | 492.5 | 630.9 | 744.8 | 872.0 |