Preview

NICHOLS PLC | ANNUAL REPORT & FINANCIAL STATEMENTS 2011

Powerful Essays
Open Document
Open Document
16196 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
NICHOLS PLC | ANNUAL REPORT & FINANCIAL STATEMENTS 2011
NICHOLS PLC | ANNUAL REPORT & FINANCIAL STATEMENTS 2011

Laurel House | Woodlands Park | Ashton Road | Newton-Le-Willows | Merseyside | WA12 0HH
01925 22 22 22 | www.nicholsplc.co.uk

ANNUAL
REPORT &
FINANCIAL
STATEMENTS
2011

NICHOLS PLC | ANNUAL REPORT & FINANCIAL STATEMENTS 2011

NICHOLS PLC IS A HIGHLY
FOCUSED SOFT DRINKS BUSINESS.
ITS BRAND PORTFOLIO INCLUDES
VIMTO, WHICH IS SOLD IN OVER
65 COUNTRIES AND LEVI Roots, weight watchers, SUNKIST &
PANDA WHICH ARE SOLD IN THE
UK. THE GROUP HAS A LEADING
MARKET POSITION IN BOTH THE
Still and carbonate DRINKS
CATEGORIES AND ALSO IN THE
SOFT DRINKS ON DISPENSE
MARKET, WHERE ITS BRANDS
INCLUDE CABANA & BEN SHAWS.

FINANCIAL CALENDAR
PRELIMINARY RESULTS
ANNOUNCED
8TH MARCH 2012

ANNUAL GENERAL
MEETING
2ND MAY 2012

INTERIM RESULTS
ANNOUNCED
26TH JULY 2012

CONTENTS
CHAIRMAN’S STATEMENT 04
CHIEF EXECUTIVE’S REVIEW 06
FINANCIAL REVIEW 10

DIRECTORS & ADVISORS 13
DIRECTORS’ REPORT 14
AUDITOR’S REPORT 18

FINANCIAL STATEMENTS 19
NOTICE OF MEETING 48
FINANCIAL CALENDAR 51

3

CHAIRMAN’S
STATEMENT

“WE ARE PLEASED
TO REPORT THAT
ALL OUR BUSINESSES
DELIVERED EXCELLENT
GROWTH IN THE YEAR”
JOHN NICHOLS
NON-EXECUTIVE CHAIRMAN

We delivered another outstanding performance in 2011 with significant growth in sales, profitability and cash generation.
Group sales increased by 18% to £98.9m driven by our strong portfolio of brands and our significant international presence.
This has been achieved despite the most challenging UK retail environment seen in a decade.
The year also saw high levels of cost inflation in the UK soft drinks industry affecting all our

4

key raw materials. Whilst this had a negative impact on our
UK gross margins, the effect on
Group operating margin has been mitigated by a combination of ongoing productivity improvements in the UK and the strength of our international business. As a result, the Group’s operating profit
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Tabcorp Financial Report
    • 1172 Words
    • 5 Pages

    Tabcorp Financial Report

    The newspaper article posted on the Sydney morning herald is mainly focused on TABCORP's financial position, its share prices and its revenue goals and targets. It has been clearly stated in the article that TABCORP share prices had fallen down by 5 percent and that they had shocked the market by decreasing their share prices by 5.1% to $3.14. It is also stated that the decrease in net profit from 2011 to 2012 is due to their license of their poker machines and casino businesses as they have already lost their poker license on Victoria. However, Tabcorp have also gotten an opportunity to start a new Keno Business in Victoria and Tabcorp Gaming Solutions in Victoria as well. TABCORP's new animated racing game, 'Trackside', also has good growth over time with its revenue rising by a huge leap of 65.6% to $82.3m due to its expansion in New South Wales and continued growth in Victoria. It is also stated that online growth has been high as customers have moved from using call centers resulting in the betting done via call centers to decrease by 6.8% as well. Finally TABCORP have stated that their final dividend of 11c per share will be put into effect and that their targeted dividend payout ratio is 80% of the net profit excluding the write off from the Victorian gaming goodwill.…

    • 1172 Words
    • 5 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Patton-Fuller Financial Statement Review
    • 955 Words
    • 4 Pages

    Patton-Fuller Financial Statement Review

    Understanding how finance affects business is essential to the success and longevity of the business. How a business earns its income, raises money, and how a business pays its bills and invests in the businesses future affects the financial growth of the company. The process of making money and spending money applies to health care just the same as other industries. The financial manager, and to some degree the non-financial manager must understand how to interpret, control, and manage the influxes of income…

    • 955 Words
    • 4 Pages
    Better Essays
    Read More
  • Powerful Essays

    Morrisons Annual Report
    • 4751 Words
    • 20 Pages

    Morrisons Annual Report

    In my first annual statement as Chairman, I am pleased that we are reporting another year of good progress for Morrisons. These are challenging times for the UK economy, but whilst we are not complacent, we are confident that Morrisons offer meets and is in tune with the demands of our customers and the economic background.…

    • 4751 Words
    • 20 Pages
    Powerful Essays
    Read More
  • Good Essays

    Unfinished Victoria Chemicals Plc a Analysis
    • 481 Words
    • 2 Pages

    Unfinished Victoria Chemicals Plc a Analysis

    1. Victoria Chemicals evaluate its capital-expenditure proposals in four ways. They are average annual addition to earnings per share, payback period, net present value, and internal rate of return. An earnings per share method is to indicate a company’s profitability. For Victoria Chemical, this was calculated with the average annual earnings per share contribution of the engineering-efficiency project over its entire economic life. However, for the basis of the calculation, the project’s initiator used the most recent fiscal year-end’s outstanding shares. If possible, using the company’s average weighted number of outstanding shares because this will change over the project’s lifetime. A payback period method is a simple way to decide if this project is reverting from loss to gain within a given period. For Victoria Chemicals engineering-efficiency project, the maximum payback period was six years and the calculation turns out to be 3.8 years. According to this result, the company would accept the project but this method does not consider the possible cash flows after six years. Even though the project is assuming the payback will be in 3.8 years, but it’s unclear how much needs to be invested before the 3.8 years. Next is the net present value which focuses on all cash flows and incorporates discounted cash flows based on time and risk. This is the best method to determine whether to accept the engineering-efficiency project or not because if the result is positive, it will increase shareholders’ wealth. Although the net present value is the best method but it’ll be better if combined with the result of internal rate of returns calculation. The rate shows when the net present value of the project will reach zero. It is an important companion statistic in addition to net present value. The requirement of the engineering-efficient project requires internal rate of returns to be greater than 10% and the result was 24.3%. In conclusion, this project…

    • 481 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Topps Company’s Annual Report
    • 602 Words
    • 3 Pages

    Topps Company’s Annual Report

    The Topps Corporation was established in 1938 and is mainly known for their sales in sports trading cards, candy and other popular entertainment products. In this paper, I will analyze the Topps Company’s annual report. I will discuss the business's inventory turnover ratio and average days to sell their inventory for 2006 and 2005, whether the company’s management of inventory is getting better or worse and to conclude, I will discuss the cost flow method that Topps use to account for inventory. Examining the Topps financial report can help the corporation recognize exactly where they stand financially in order for the business to gain a competitive edge and stay successful in the future.…

    • 602 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Review the Financial Statements
    • 274 Words
    • 2 Pages

    Review the Financial Statements

    Compile all elements, including portions previously completed, and submit them as attachments to the same…

    • 274 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    AH531 Financial Management Week 1 Assignment Statement of Operations and Financial Statements1
    • 1745 Words
    • 6 Pages

    AH531 Financial Management Week 1 Assignment Statement of Operations and Financial Statements1

    As a Clinical Case Manager, this author understands the value of controlling costs. These efforts enacted by payors require institutions to develop more efficient business models and delivery of care systems, and managed care efforts help to control costs. Hospitals are focusing on…

    • 1745 Words
    • 6 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Financial Statements
    • 1690 Words
    • 7 Pages

    Financial Statements

    InstructionsIdentify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example.…

    • 1690 Words
    • 7 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Comprehensive Annual Financial Report Briefing Paper
    • 1145 Words
    • 5 Pages

    Comprehensive Annual Financial Report Briefing Paper

    Each year the State of Nevada issues the Comprehensive Annual Financial Report (CAFR). The most recent being the 2011 report that was issued by Kim R. Wallin, the State Controller, for the fiscal year ending June 30, 2011. In recent elections, there have been some additions to the Nevada elected board members. The purpose of this paper is to provide an overview of government accounting and reporting, and to introduce the Nevada CAFR to the newly elected board members. Also contained is an evaluation of the Management Discussion & Analysis (MD&A) section contained in the 2011 report.…

    • 1145 Words
    • 5 Pages
    Better Essays
    Read More
  • Best Essays

    Sainsburys, Business Report
    • 1976 Words
    • 8 Pages

    Sainsburys, Business Report

    The rivals of Sainsbury’s have recently turned up the heat on the store by increasing their like for like sales from last year. Reports suggest that both Waitrose and Morrisons have out stripped Sainsbury’s sales for the year, with 11.7% and 8.4% respectively (Brummer, Alex 2009) However in response to this Sainsbury’s announced that they made a pre-tax profit of £342m putting them 33% up on sales from last year from the 28weeks until 3rd October (BBC, 2009) These figures saw the new clothing range and electrical items out sell food by two and a half times. This could be explained by the opening of the 24hour stores across the country (Steiner, Rupert 2009).…

    • 1976 Words
    • 8 Pages
    Best Essays
    Read More
  • Satisfactory Essays

    Course Project ; Notes to the Financial Statement
    • 558 Words
    • 3 Pages

    Course Project ; Notes to the Financial Statement

    During the course you will be required to develop a Course Project having to do with writing notes for a fictitious annual report. You will hand in the project at the end of Week 8.In order to assist you in writing the notes, you may use the notes for Proctor & Gamble, as shown on pages 246–277, or you may use those shown as examples in Chapter 24. Although you may use these as an example, you are not to use their actual notes, or the notes from any other company, because this would be considered plagiarism (and if discovered, would result in a grade of “F,” or zero points for the assignment).Your project should consist of; but not be limited to, the items below.…

    • 558 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Victoria Chemical Plc (A)
    • 691 Words
    • 3 Pages

    Victoria Chemical Plc (A)

    Victoria Chemicals, a major company in the chemical industry, was the number one producer of polypropylene, a polymer used in various everyday items. Victoria Chemicals at the end of 2007 was in a financial slump and was under pressure to improve their financial performance. Due to this financial slump, Lucy Morris, the Plant Manager at Merseyside Works, proposed a GBP12 million project to help modernize the production line of polypropylene by remodeling and relocating tank-car unloading areas to streamline the process, refurbishing polymerization tanks to achieve higher pressures and throughput, and renovating the plant to increase energy savings and extrusion throughput. The predicted benefits of this project are there would be a lower energy requirement that equates to 1.25% of sales, a 7% increase in manufacturing throughput, and an increase in gross profit margin from 11.5% to 12.5%. There were some concerns over the project as well. The Transport Division projected they would need to spend GBP2 million with the project, and it should be included with the outlay of the project. The marketing department believed that this project would cause the Merseyside plant to cannibalize sales of the Rotterdam plant. The Treasury Staff believed that a hurdle rate of 7% should be used instead of 10%. The Assistant Manager believed that the production line of EPC, a product Victoria was the leading supplier, should be renovated as well.…

    • 691 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Business Report on Boots Plc
    • 7788 Words
    • 32 Pages

    Business Report on Boots Plc

    I have been asked to produce a detailed business report of boots plc. My report will contain:…

    • 7788 Words
    • 32 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    The Financial Report Of McDonald Assign
    • 542 Words
    • 16 Pages

    The Financial Report Of McDonald Assign

    McDonald’s financial strategies has varied in the past three years with it profit margins, debt to assets ratio, price-earnings ratio, inventory turnover, current ratio and its times interest earned. This paper will cover the all the financial statements based on this company profit growth, and how they plan to do better in the next five years or so.…

    • 542 Words
    • 16 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Accounting. Chieftain International, Inc
    • 280 Words
    • 2 Pages

    Accounting. Chieftain International, Inc

    Chieftain International, Inc. is an oil and gas exploration and production company. A recent balance sheet reported 208 million liabilities, all of which were short-term accounts payable.…

    • 280 Words
    • 2 Pages
    Satisfactory Essays
    Read More

Related Topics