EX-7.1 6 d190865dex71.htm EX-7.1 EX-7.1

Exhibit 7.1

Financial ratios

 

Year ended 31 March

   2016      2015      2014      2013      2012  

Return on capital employeda

              

Adjustedb – %

     13.8         25.2         22.9         22.1         20.4   

Reported – %

     13.0         23.6         21.1         20.6         19.3   

Interest coverc

              

Adjustedb – times

     8.2         6.7         5.8         5.1         4.5   

Reported – times

     5.2         4.1         3.8         3.8         3.7   

Net debt to adjusted EBITDAb – times

     1.5         0.8         1.1         1.3         1.5   

Capital expenditurec as a percentage of revenueb – %

     14.0         13.0         12.8         13.3         13.4   

 

a  The ratio is based on profit before taxation and net finance expense to capital employed. Capital employed is represented by total assets less current liabilities (excluding corporation tax, current borrowings, derivative financial liabilities and finance lease creditors) less deferred and current tax assets, retirement benefit asset, cash and cash equivalents, derivative financial assets and investments.
b Before specific items.
c  The number of times net finance expense is covered by operating profit.