Annual Report and Accounts 2011

Our 2011 performance

Taylor Wimpey plc is a UK-focused residential developer which also has operations in Spain. Our vision is to become the UK's leading residential developer for creating value and delivering quality.

Continuing operations



Revenue
(£m)
£1,808.0m

Graph displaying the Revenue for 2010 - 2011 in million pounds



Operating
profit*(a) (£m)
£159.5m

Graph displaying the Operating profit for 2010 - 2011 in million pounds

Profit/(loss)
before tax and exceptional
items(a) (£m)
£89.9m

Graph displaying the Profit/loss before tax and exceptional items for 2010 - 2011 in million pounds



Exceptional items before tax (£m)
£(11.3)m

Graph displaying the Exceptional items for 2010 - 2011 in million pounds



Adjusted earnings/
(loss) per share (p)
2.1p

Graph displaying Adjusting earnings/ loss per share for 2010 - 2011 in pence

Total Group

Profit/(loss) for the
year(£m)
£99.0m

Graph displaying Profit/loss for the year - total Group for 2009 - 2011 in million pounds

Basic earnings
per share (p)
3.1p

Graph displaying the Basic earnings per share for 2009 - 2011 in pence

Tangible net assets
per share***(p)
57.3p

Graph displaying the Tangible net assets per share for 2009 - 2011 in pence

Return on net
operating assets** (%)
9.8%

Graph displaying the Returning on net operating assets for 2009 - 2011 in million percentages

Year end net debt (£m)
£(116.9)m

Graph displaying the Year end net debt Revenue for 2009 - 2011 in million pounds
  • * Profit on ordinary activities from continuing operations before finance costs and exceptional items, after share of results of joint ventures.
  • ** Operating profit divided by the average of the opening and closing net operating assets, which is defined as capital employed plus intangibles less tax balances.
  • *** Tangible net assets per share is defined as net assets, excluding goodwill and intangible assets, divided by the number of shares in issue at the period end.
  • (a) 2010 comparative excludes a one-off pension curtailment credit of £12.0 million in the UK.

Operational highlights

  • 11,756 new plots approved for purchase (2010: 8,713 plots)
  • Customer satisfaction increased to 92.1% (2010: 87.1%)
  • Ongoing success in acquiring and obtaining planning for strategic land
  • 32% reduction in reportable injury frequency rate
  • Strong growth in both private and affordable order book to £983m at 26 February 2012
  • 18% reduction in waste generated per 1,000ft2 built

© Taylor Wimpey plc 2012