Profile & highlights

Creating value

At a glance

Acting Chairman's remarks

Chief Executive's review

Review of operations

Finance Director's review

Board of directors

Report of the directors

Directors' remuneration

Financial statements & notes

Shareholders' information

Downloads

   © Rolls-Royce Group plc 2004
   Legal information
 		Link to Annual Report and Accounts 2003 home
Company profile and financial highlights Rolls-Royce



Company profile

Rolls-Royce is a global company providing power for use on land, sea and air. The company has a balanced business portfolio with leading positions in civil aerospace, defence, marine and energy markets.

There are now some 54,000 Rolls-Royce gas turbines in service and these generate a demand for high-value services throughout their operational lives. Rolls-Royce is a technology leader, employing 35,200 people and operating in 48 countries.
Group financial highlights



Order book - firm and announced

£18.7bn
 Order book - firm and announced £bn. 2003 18.7, 2002 17.1, 2001 16.7, 2000 14.5, 1999 13.2


Group turnover

£5,645m
 Group turnover £m. 2003 5,645. 2002 5,788. 2001 6,328. 2000 5,864. 1999 4,634


Underlying profit before tax*

£285m
 Underlying profit before tax* £m. 2003 285, 2002 255, 2001 475, 2000 436, 1999 368 Headline profit before tax* £m. 2003 180, 2002 105, 2001 192, 2000 166, 1999 360


Underlying EPS* pence

12.20p
 Underlying EPS* pence. 2003 12.20, 2002 11.10, 2001 20.20, 2000 19.38, 1999 16.47


Average net debt

£950m
 Average net debt £m. 2003 950. 2002 1,090. 2001 990. 2000 1,323. 1999 573

For the year ended December 31
2003
2002
Group turnover
£5,645m
£5,788m
Underlying profit before taxation*
£285m

£255m
Firm order book
£17.4bn
£16.2bn
Return on capital employed
11.6%
10.5%
Year-end net debt
£323m
£595m
Equity shareholders' funds
£2,141m
£2,035m
 
 
 
Earnings per ordinary share:
 
 
Underlying*
12.20p
11.10p
Basic
7.04p
3.29p
Payment to shareholders**
8.18p
8.18p

* excluding exceptional and non-trading items, defined in note 2.
** under new proposals, which will be put to shareholders at the Annual General Meeting on May 5, 2004 shareholders will receive 'B' Shares rather than a dividend. These shares can be redeemed for cash or converted into ordinary shares in the Group.