APPENDIX referred to in paragraph BCA financial ratios Years ended by ramhood15

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									                                                  APPENDIX 3.10
                                           (referred to in paragraph 3.50)


                                             BCA: financial ratios

                                                                       Years ended 31 January

                                                    1991       1992        1993      1994        1995    B1996*
Average capital employed in the business
 (£'000)                                            2,035      2,982       3,560     3,902       3,840    [ † ]
Operating profit (£'000)                            [
                                                               Figures omitted. See note on page iv.
Return on average capital employed (%)                                                                        ]
Average shareholders’ funds (£'000)                 2,859      4,007       4,238     4,270       4,441    [ † ]
Profit on ordinary activities before tax
 (£'000)                                             [
Pre-tax return on average shareholders’                  Figures omitted. See note on page iv.
 funds (%)                                                                                                    ]

 Source: BCA/MMC analysis.


  *Budget.
  †Figures omitted. See note on page iv.
  Note: Averages for assets and shareholders’ funds are arithmetic means of the balances at the beginning and end of
each year.




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