Investors

Company results
Take an instant look over our company results with our handy five-year summary.
Continuing operations   2018 £m 2017 Restated £m
2016 £m
2015 £m 2014 £m
Turnover   1,694.1 1,638.0
1,753.7 1,801.3 1,756.7
Profit before interest, tax and exceptional items   541.0 520.1 503.4 540.3 523.8
Net exceptional items before tax   -12.6 16.6 1.0 -18.7 -15.2
Net interest payable before gains/(losses) on financial instruments and exceptional finance costs   -219.5 -205.1 -209.3 -240.0 -247.9
Gains/(losses) on financial instruments   -6.7 -1.8 7.7 -133.5 58.0
Results of associates and joint ventures   0.2 -1.8 0.1 0.1 0.2
Profit on ordinary activities before taxation   302.4 328.0 302.9 148.2 318.9
Current tax on profit on ordinary activities   -32.9 -36.3 -51.53
-37.8 -55.8
Deferred tax   -29.0 -22.4 -13.7 5.1 -21.5
Exceptional tax     52.2 78.6   230.2
Profit on ordinary activities after tax   240.5 321.5 316.5 115.5 471.8
Results from discontinued operations   13.2 21.1 14.8 4.7  
Profit for the period   253.7 342.6 331.3 120.2 471.8
             
Fixed assets
  8,600.1
8,315.7 7,810.8 7620.0 7,418.3
Other net liabilities excluding net debt, retirement benefit obligation, provisions and deferred tax
  -960.0
-916.8 -798.4 -799.0 -631.1
Derivative financial instruments1
  -104.3
-161.1 -166.3 -177.7 -197.1
Retirement benefit obligation
  -519.8
-574.6 -309.5 -468.9 -348.3
Provisions for liabilities and charges and deferred tax
  -725.7
-657.5 -694.7 -725.4 -758.5
Net assets held for sale
        72.6  
    6,350.3
6,005.7 5,841.9 5,521.6 5,483.3
Financed by
           
Called up share capital   235.1
234.7 234.3 233.7 233.9
Reserves   758.6
688.6 783.1 521.9 789.4
Total shareholders’ funds   993.7
923.3 1,017.4 755.9 1,023.3
Non-controlling interests       1.1
13.4 12.5
Net debt2   5,356.6
5,082.4 4,823.4 4,752.6 4,447.5
    6,350.3
6,005.7 5,841.9 5,521.6 5,483.3
Statistics            
Earnings per share (continuing) – pence   102.2
136.8
133.5 48.3 198.5
Adjusted earnings per share – pence   121.0
115.7 102.1 107.2 92.5
Dividends per share (excluding special dividend) – pence   86.6
81.5 80.7 84.9 80.4
Dividend cover (before exceptional items and deferred tax)   1.4
1.4 1.3 1.3 1.2
Gearing   0.8
0.8 0.8 0.9 0.8
Ordinary share price at 31 March – pence   1,844.0
2,382.0 2,173.0 2,059.0 1,823.0
Average number of employees            
Severn Trent Water   5,660.0
5,273.0 5,236.0 5,532.0 5,634.0
Other   605.0
596.0 2,122.0 1,910.0 1,914.0