|2018 Actual||2019 (Restated) Actual||2020 Budget||2020 Actual|
|Total Assets, $m||57.13||55.92||55.59||65.07|
|Return on Equity||5.7%||3.9%||-7.0%||11.8%|
|Re-investment Return on Equity||8.2%||5.7%||-4.4%||14.7%|
Revenue: Includes science research, contract work for government and commercial clients, royalties and licence
EBIT: Earnings before interest, tax and restructuring costs.
EBIT Margin: EBIT ÷ revenue.
EBIT-R: EBIT before reinvestment where reinvestment are amounts approved by the Minister.
EBIT-R Margin: EBIT-R ÷ revenue.
Return on equity: Net profit after tax ÷ average shareholders’ funds, expressed as a percentage.
Equity Ratio: Average shareholders’ funds ÷ average total assets.
Gearing: Financial debt ÷ financial debt plus shareholders’ funds.
(The Minister of Finance and the Minister of Science and Innovation each hold 50% of the shares on behalf of the public.)
Our full Reports and Financial Statements are presented in Part B of the Annual Report