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five year financial summary

years ended 31st january   2004 2005 2006 2007 2008
    £m £m £m £m £m
revenue   267.9m 265.7m 246.3m 241.3m 236.1m
operating profit   38.6m 33.6m 11.2m 3.3m 1.4m
operating margin   14.40% 12.60% 4.50% 1.40% 0.59%
profit before taxation   38.1m 33.7m 15.7m 4.0m 3.1m
adjusted earnings per share*   28.4p 24.1p 7.1p 2.2p 1.5p
basic earnings per share*   27.5p 24.1p 10.2p 0.1p 1.5p
dividends per share*   3.25p 5.00p 5.00p 5.00p 5.00p
net assets   101.7m 120.3m 126.4m 120.5m 118m
retail trading space 000 sq ft   359 402 442 457 443

* Adjusted earnings per share have been adjusted to remove the effect of property disposals and, in 2007, a one-off non-cash tax charge.

All financial results above were prepared under IFRS except for 2004. The principal adjustments between IFRS and UK GAAP relate to goodwill amortisation, impairment of property, treatment of lease incentives and premiums, accounting for proposed dividends and the consequential tax impact of the above.