Entête de question
The following data appear in the five-year summary of a major international company. A business combination with another major manufacturer took place in FY13.
| FY10 | FY11 | FY12 | FY13 | FY14 | |
|---|---|---|---|---|---|
| Financial statements | GBP millions | GBP millions | GBP millions | GBP millions | GBP millions |
| Income statements | |||||
| Revenue | 4,390 | 3,624 | 3,717 | 8,167 | 11,366 |
| Profit before interest and taxation (EBIT) | 844 | 700 | 704 | 933 | 1,579 |
| Net interest expense | –80 | –54 | –98 | –163 | –188 |
| Taxation | –186 | –195 | –208 | –349 | –579 |
| Minorities | –94 | –99 | –105 | –125 | –167 |
| Profit for the year | 484 | 352 | 293 | 296 | 645 |
| Balance sheets | |||||
| Fixed assets | 3,510 | 3,667 | 4,758 | 10,431 | 11,483 |
| Current asset investments, cash at bank and in hand | 316 | 218 | 290 | 561 | 682 |
| Other current assets | 558 | 514 | 643 | 1,258 | 1,634 |
| Total assets | 4,384 | 4,399 | 5,691 | 12,250 | 13,799 |
| Interest bearing debt (long term) | –602 | –1,053 | –1,535 | –3,523 | –3,707 |
| Other creditors and provisions (current) | –1,223 | –1,054 | –1,102 | –2,377 | –3,108 |
| Total liabilities | –1,825 | –2,107 | –2,637 | –5,900 | –6,815 |
| Net assets | 2,559 | 2,292 | 3,054 | 6,350 | 6,984 |
| Shareholders’ funds | 2,161 | 2,006 | 2,309 | 5,572 | 6,165 |
| Equity minority interests | 398 | 286 | 745 | 778 | 819 |
| Capital employed | 2,559 | 2,292 | 3,054 | 6,350 | 6,984 |
| Cash flow | |||||
| Working capital movements | –53 | 5 | 71 | 85 | 107 |
| Net cash inflow from operating activities | 864 | 859 | 975 | 1,568 | 2,292 |