2016
£000
Restated*
2015
£000
Restated*
2014
£000
Restated*
2013
£000
Restated**
2012
£000
Trading results
Revenue693,572654,078635,242603,051585,984
Gross profit212,504200,510190,540181,255175,733
Overheads(171,432)(163,733)(159,078)(153,575)(146,419)
Underlying operating profit41,07236,77731,46227,68029,314
Underlying profit before net financing costs41,07236,77731,46227,68029,314
Net financing costs(966)(1,153)(1,162)(1,241)(1,463)
Underlying profit on ordinary activities before tax40,10635,62430,30026,43927,851
Taxation(7,601)(7,213)(6,515)(6,146)(6,939)
Underlying profit on ordinary activities after taxation30,96328,41123,78520,29320,912
Profit before tax38,17935,62430,30021,08727,851
Shareholder value
Paid interim and final dividend per share20.70p17.50p15.30p14.85p14.15p
Paid special dividend per share6.00p
Proposed dividend per share22.55p20.70p17.50p15.30p14.85p
Earnings per share36.8p33.8p28.6p18.0p25.3p
Underlying earnings per share38.7p33.8p28.6p24.5p25.3p
Net assets
Non current assets
Property, plant and equipment102,934104,677106,875106,49399,596
Intangible assets10,38810,38810,01310,01313,210
Deferred tax assets1,138629515354442
114,460115,694117,403116,860113,248
Current assets
Inventories126,037118,165115,591114,700114,354
Trade and other receivables128,934120,300118,962119,634108,216
Cash and cash equivalents59,34363,93247,58947,47749,798
Assets held for sale212
314,314302,397282,142281,811272,580
Total assets428,774418,091399,545398,671385,828
Current liabilities
Bank overdraft(4)
Other interest bearing loans and borrowings(224)(204)(218)(213)
Trade and other payables(183,304)(171,375)(165,240)(164,856)(153,999)
Employee benefits(2,169)(2,171)(2,933)(2,842)(2,754)
Income tax payable(6,824)(6,974)(6,073)(7,022)(7,117)
(192,525)(180,520)(174,450)(174,938)(164,083)
Non current liabilities
Other interest bearing loans and borrowings(6,493)(20,000)(22,818)(33,239)(33,371)
Provision(1,531)(1,087)(787)(790)(907)
Deferred tax liabilities(4,077)(4,533)(3,931)(2,742)(2,818)
Employee benefits(20,781)(16,843)(18,803)(12,780)(14,641)
(32,882)(42,463)(46,339)(49,551)(51,737)
Total liabilities(225,407)(222,983)(220,789)(224,489)(215,820)
Net assets203,367195,108178,756174,182170,008

* See note 1 in our Annual Report

** Restated to reflect the changes for revised IAS 19