Highlights
2009 Key Financials
- Total revenue of £428.0 million down 19.5% on last year
- Total print advertising revenues (excluding week 53 in 2009*) down 27.4% on last year
- Circulation revenues of £99.7 million (excluding week 53), down only 1.8% on last year
- Operating profit (before non-recurring and IAS 21/39 items) of £71.8 million representing an operating margin of 16.8%
- £126.0 million net impairment charge against intangibles, no additional impairment in the second half of the year
- Reduction in net debt of £55.3 million to £422.1 million excluding term debt issue costs (see note 22)
- Net cash inflow from operating activities of £89.2 million
- No dividend paid
* See pages 10 and 45 of the Johnson Press plc Annual Report 2009