|2019 (Restated) Actual||2020 Actual||2021 Budget||2021 Actual|
|Total Assets, $m||55.92||65.07||60.22||70.80|
|Return on Equity||3.9%||11.8%||1.2%||9.3%|
|Re-investment Return on Equity||5.7%||14.7%||3.2%||12.1%|
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