Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

 Information  X 
Enter a valid email address

Brambles Industries (BI.)

  Print      Mail a friend

Wednesday 23 February, 2005

Brambles Industries

Interim Results Part 2

Brambles Industries PLC
23 February 2005






                                    Brambles

                       Interim report - 31 December 2004


                         For the Combined Businesses of
                            Brambles Industries plc
                        and Brambles Industries Limited




                                        1




Brambles


INTERIM REPORT
for the half-year ended 31 December 2004

Index                                                                      Page

Summary of combined interim results                                          3

Trading performance                                                          6
Operational review                                                           9
Outlook                                                                     16

Brambles combined financial information

Combined profit and loss account                                            17
Combined balance sheet                                                      18
Combined statement of total recognised gains and losses                     19
Reconciliation of movements in combined shareholders' funds                 19
Combined cash flow statement                                                20
Combined segmental analysis                                                 22
Notes to the combined financial information                                 25
GAAP reconciliation - UK GAAP to AGAAP                                      31

Brambles Industries plc financial information

Consolidated profit and loss account                                        33
Consolidated balance sheet                                                  34
Consolidated statement of total recognised gains and losses                 34
Consolidated cash flow statement                                            35
Notes to the Brambles Industries plc financial information                  36

Independent review report to Brambles Industries plc                        37


                                        2





Brambles


SUMMARY OF COMBINED INTERIM RESULTS
for the half-year ended 31 December 2004

                                             First half   First half  % increase
At actual exchange rates                           2005         2004   at actual
                                             £ millions   £ millions    fx rates
                                             ----------    ---------- ----------

RESULTS BEFORE GOODWILL
AMORTISATION AND
EXCEPTIONAL ITEMS

Continuing businesses

Turnover, including joint ventures and           
associates                                       1,629         1,545          5%

Comparable operating profit 1                      211           169         25%

Total businesses

Turnover, including joint ventures and           
associates                                       1,629         1,549          5%

Comparable operating profit 1                      211           170         24%

Profit before tax, goodwill amortisation and
exceptional items (PBTA)                           172           131         31%

Profit after tax before goodwill amortisation 
  and exceptional items (PATA)                     116            91         27%

Basic earnings per share on PATA (pence)           6.9           5.4         28%

RESULTS AFTER GOODWILL AMORTISATION
AND EXCEPTIONAL ITEMS

Operating profit                                   194           105         85%

Profit before tax                                  155            93         67%

Profit after tax                                    96            53         81%

Basic earnings per share (pence)                   5.7           3.1         84%

Dividend

Interim dividend per share (pence)               4.156         4.155

Dividend record date                     18 March 2005

Interim dividend payable date            14 April 2005

Cashflow from operations
after gross capital expenditure                    166           108

Net debt                                         1,345         1,558
--------------------------------------------------------------------------------

1 Comparable operating profit is profit before interest, tax, goodwill
amortisation and exceptional items. Refer also to note 1 below.


                                        3





Brambles

SUMMARY OF COMBINED INTERIM RESULTS continued

The table below summarises the results by business segment at both actual and
constant exchange rates.

£ millions           
                           First half  First half 2005 at             % change at
Turnover (including              2005   prior year actual First half     constant
share of joint ventures   as reported   monthly fx rates        2004     currency
and associates)                                      (a)         (b)      (a)/(b)
---------------------------------------------------------------------------------
CHEP                              732               765         694          10%
Cleanaway                         544               550         518           6%
Recall                            143               150         137           9%
Brambles Industrial Services      146               150         144           4%
Regional Businesses                64                69          52          33%
                            -----------------------------------------------------
Continuing businesses           1,629             1,684       1,545           9%
Discontinued                        -                 -           4
                            -----------------------------------------------------
Total                           1,629             1,684       1,549           9%
                            -----------------------------------------------------

Comparable operating profit 1
(EBITA before exceptionals)
---------------------------------------------------------------------------------
CHEP                              137               142          96          48%
Cleanaway                          37                37          43         (14%)
Recall                             22                24          21          14%
Brambles Industrial Services       17                18          17           6%
Regional Businesses                 4                 4           -           -
Corporate                          (6)               (7)         (8)         13%
                                  -----------------------------------------------
Continuing businesses             211               218         169          29%
Discontinued                        -                 -           1
                                  -----------------------------------------------
Total                             211               218         170          28%
                                  -----------------------------------------------

Reconciliation to statutory
profit after tax
---------------------------------------------------------------------------------
Comparable operating profit 1     211               218         170          28%
Net interest expense              (39)              (40)        (39)         (3%)
Profit before tax, goodwill       -----------------------------------------------
  amortisation and exceptional
  items (PBTA)                    172               178         131          36%
Tax expense on PBTA               (56)              (58)        (40)        (45%)
                                   ----------------------------------------------
Profit after tax before goodwill
  amortisation and exceptional           
  items (PATA)                    116               120          91          32%
Goodwill amortisation             (17)              (18)        (18)
Exceptional items, before tax       -                 -         (20)
Tax on exceptional items           (3)               (3)          -
                                   ----------------------------------------------
Profit after tax                   96                99          53          87%
Minority interest                   -                 -           -
                                   ----------------------------------------------
Profit after tax (after
minority interests)                96                99          53          87%
                                   ----------------------------------------------

Basic earnings per share           5.7p             5.9p        3.1p         90%
Earnings per share on PATA         6.9p             7.1p        5.4p         31%
                                   ----------------------------------------------
BVA (Brambles Value Added)                           28         (23)
                                               -----------------------

1 Comparable operating profit is profit before interest, tax, goodwill
amortisation and exceptional items. Refer also to note 1 below.

                                       
                                        4





Brambles

SUMMARY OF COMBINED INTERIM RESULTS continued

£ millions
                             First half  First half 2005 at           % change at
Operating profit (after            2005   prior year actual First half   constant
goodwill amortisation and   as reported    monthly fx rates       2004   currency
operating exceptional items)                           (a)         (b)    (a)/(b)
---------------------------------------------------------------------------------

CHEP                               136               142          72         97%
Cleanaway                           29                29          32         (9%)
Recall                              16                17          14         21%
Brambles Industrial Services        15                15          15          -
Regional Businesses                  4                 4         (21)         -
Corporate                           (6)               (7)         (8)        13%
                           ------------------------------------------------------
Continuing businesses              194               200         104         92%
Discontinued                         -                 -           1
                           ------------------------------------------------------
Total                              194               200         105         90%
                           ------------------------------------------------------

Note 1:

• Throughout this business commentary, all references to comparable
  operating profits are to 'profit before interest, tax, goodwill amortisation
  and exceptional items', which the Directors consider to be a useful measure
  of business performance.


• In the commentary, current year figures have been calculated in constant
  currency (at the comparative period's actual monthly exchange rates). In the
  statutory half-year financial statements, foreign currency results have been
  translated at the applicable actual monthly exchange rates ruling in each
  half-year.


• Profit before interest and tax after charging goodwill amortisation and
  exceptional items, is analysed by business segment and geographical origin
  on page 23.


                                        5





                      This information is provided by RNS
            The company news service from the London Stock Exchange

MORE TO FOLLOW
IR UOOVRVRRUURR