Financial Highlights
Five-Year Summary
The Five-year summary is presented in pound sterling, rounded to the nearest million. Financial information of 2015 was reported in South African rand and has been translated to sterling using the procedures outlined below:
- Assets and liabilities were translated at the closing pound rates;
- Income and expenses were translated at average pound exchange rates; and
- Differences resulting from re-translation have been recognised in the foreign currency translation reserve
| INCOME STATEMENTS |
2019 £'m |
2018 £'m |
2017 £'m |
2016 £'m |
2015 £'m |
| Revenue1 | 2 932 | 2 876 | 2 749 | 2 107 | 1 977 |
| Operating (loss)/profit | 81 | (288) | 362 | 288 | 345 |
| (Loss)/profit after tax | (130) | (474) | 243 | 190 | 254 |
| Adjusted operating profit | 330 | 370 | 360 | 335 | 318 |
| Adjusted EBITDA | 493 | 515 | 501 | 428 | 403 |
| Adjusted earnings | 198 | 221 | 220 | 219 | 193 |
| EARNINGS PER SHARE |
2019 pence |
2018 pence |
2017 pence |
2016 pence |
2015 pence |
| Basic (loss)/earnings basis | (20.5) | (66.7) | 31.0 | 29.6 | 44.6 |
| Diluted (loss)/earnings basis | (20.5) | (66.7) | 31.0 | 29.5 | 43.8 |
| Basic adjusted earnings basis | 26.9 | 30.0 | 29.8 | 36.7 | 35.8 |
| Diluted adjusted earnings basis | 26.9 | 30.0 | 29.8 | 36.7 | 35.1 |
| Dividends declared per share | 7.90 | 7.90 | 7.90 | 7.90 | 9.33 |
| STATEMENTS OF FINANCIAL POSITION |
2019 £'m |
2018 £'m |
2017 £'m |
2016 £'m |
2015 £'m |
| ASSETS | |||||
| Non-current assets | 5 337 | 5 382 | 6 353 | 5 604 | 3 654 |
| Current assets | 1 091 | 961 | 1 069 | 945 | 742 |
| Total assets | 6 428 | 6 343 | 7 422 | 6 549 | 4 396 |
| EQUITY | |||||
| Owners of the parent | 3 151 | 3 286 | 4 086 | 3 509 | 1 779 |
| Non-controlling interest | 115 | 87 | 78 | 61 | 61 |
| Total equity | 3 266 | 3 373 | 4 164 | 3 570 | 1 840 |
| LIABILITIES | |||||
| Non-current liabilities | 2 576 | 2 445 | 2 668 | 2 192 | 2 114 |
| Current liabilities | 586 | 525 | 590 | 787 | 442 |
| Total liabilities | 3 162 | 2 970 | 3 258 | 2 979 | 2 556 |
| Total equity and liabilities | 6 428 | 6 343 | 7 422 | 6 549 | 4 396 |
| STATEMENTS OF CASH FLOWS | 2019 |
2018 |
2017 |
2016 |
2015 |
| Operating cash flow (£'m) | 451 | 466 | 492 | 411 | 440 |
| Adjusted EBITDA cash conversion (%) | 91% | 90% | 98% | 96% | 109% |
1 An income statement reclassification has increased Mediclinic Southern Africa 2018 revenue and cost of sales by £6m. Refer to note 2.1 of the 2019 Group annual financial statements.