reuters report on the company

8/6/2019 Reuters Report on the Company

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NXT NEXT PLC(LONDON STOCK EXCHANGE)

Key Ratios & Statistics

TTM: Trailing Twelve Months; MRQ: Most Recent Quarter; MRI: Most Recent Interim.

Latest fiscal year: 2010; Most recent quarter: ; Fiscal year end month: January;

All Ratios are calculated for the latest fiscal year end unless otherwise indicated.

Data Source: Reuters Fundamentals

Financial Strength

12 Mo

Jan 09

12 Mo

Jan 10

12 Mo

Jan 11

MRI 3 Year

Average

Quick Ratio 0.92 0.85 0.72 0.84 0.83

Current Ratio 1.50 1.37 1.28 1.28 1.38

LT Debt/Equity 4.05 3.90 2.03 202.84 3.33

Total Debt Equity 4.91 3.94 2.57 256.74 3.81

Current Ratio

1.21

1.28

1.35

1.43

1.5

1.57

12 Mo

Jan 09

12 Mo

Jan 10

12 Mo

Jan 11

MRI 3 Year

Average

Quick Ratio: Cash plus Short Term Investments plus Accounts Receivable divided by the Total Cur-

rent Liabilities for the same period. Current Ratio: Total Current Assets divided by Total Current

Liabilities for the same period. Long Term Debt To Total Equity: Total Long Term Debt divided

by Total Shareholder Equity. Total Debt to Total Equity: Total Debt divided by Total Shareholder

Equity for the same period.

Profitability

12 Mo

Jan 09

12 Mo

Jan 10

12 Mo

Jan 11

3 Year

Average

Gross Margin (%) 27.77 29.26 29.21 28.75

Operating Margin (%) 14.62 15.55 16.64 15.60

Net Profit Margin (%) 9.24 10.69 11.61 10.51

Interest Coverage 9.74 19.27 25.55 18.19

Gross Margin (%)

27.27

27.77

28.27

28.76

29.26

29.76

12 MoJan 09

12 MoJan 10

12 MoJan 11

3 YearAverage

Gross Margin: This value measures the percent of revenue left after paying all direct production ex-

penses. It is calculated as Revenue minus the Cost of Goods Sold divided by the Revenue and multiplied

by 100. Operating Margin: This value measures the percent of revenues remaining after paying all

operating expenses. It is calculated as Operating Income divided by the Total Revenue, multiplied by

100. Net Profit Margin: Also known as Return on Sales, this value is the Income After Taxes divided

by Total Revenue for the same period and is expressed as a percentage. Interest Coverage: The

Operating Income divided by the company's interest obligations.

Financial Strength looks at business risk. The

stronger a company is from a financial standpoint,

the less risky it is. The Quick Ratio compares cash

and short-term investments (investments that could

be converted to cash very quickly) to the financial

liabilities they expect to incur within a year's time.

The Current Ratio compares year-ahead liabilities

to cash on hand now plus other inflows (e.g. Ac-

counts Receivable) the company is likely to realize

over that same twelve-month period.

Current Ratio 1.28

Total Current Assets

Total Current Liabilities

1,067.30

832.90

The Long Term Debt/Equity Ratio looks at the

company's capital base. A ratio of 1.00 means the

company's long-term debt and equity are equal. The

Total Debt/Equity Ratio includes long-term debt

and short term debt.

These ratios realize overall profitability, or the bot-

tom line.

Gross Margin (%) 29.21 (%)

Gross Profit

Revenuex 100

1,008.70

3,453.70x 100

Gross Margin shows the amount of revenue left over

after deducting direct costs of producing the goods

or services. Operating Profit and Operating Margin

trace the progress revenue down to another impor-

tant level. From gross profit, we now subtract indi-

rect costs, often referred to as overhead e.g. facili-

ties and salaries associated with headquarters op-

erations.

Finally, Profit Margin shows you how much of each

revenue dollar is left after all costs, of any kind, are

subtracted. These other costs include such items as

interest on corporate debt and income taxes.

2




Key Ratios & Statistics (cont.)





Management Effectiveness (%)

12 Mo

Jan 09

12 Mo

Jan 10

12 Mo

Jan 11

3 Year

Average

Return on Equity % 985.02 265.57 219.24 489.94

Return on Assets % 17.83 21.08 23.00 20.64

Return on Investments % 33.21 36.73 42.32 37.42

Return on Asse ts %

16.1

17.8

19.6

21.3

23.0

24.7

12 MoJan 09

12 MoJan 10

12 MoJan 11

3 YearAverage

Return On Equity: Income Available to Common Stockholders divided by the Common Equity and

expressed as a percentage. Return on Assets: This value is the Income After Taxes divided by the

Average Total Assets, expressed as a percentage. Return on Investments: Income after taxes divided

by the average total long term debt, other long term liabilities and shareholders equity, and expressed

as a percentage.

Dividend Information

12 Mo

Jan 09

12 Mo

Jan 10

12 Mo

Jan 11

3 Year

Growth

3 Year

Average

Payout Ratio(%) 35.25 35.00 35.14 35.13

Dividend Per Share 0.55 0.66 0.78

Payou t Ratio (%)

34.92

35.0

35.08

35.17

35.25

35.33

12 MoJan 09

12 MoJan 10

12 MoJan 11

3 YearAverage

Dividend Per Share: Common Stock Cash Dividends divided by the shares outstanding. Payout Ratio:

This ratio is the percentage of the Primary/Basic Earnings Per Share Excluding Extraordinary Items

paid to common stockholders in the form of cash dividends.

A company's ability to operate profitably can be

measured directly by measuring its return on assets.

ROA (Return On Assets) is the ratio of a company's

net profit to its total assets, expressed as a percent-

age.

Return on Assets (%) 23.00 (%)

Income After Taxes

Average Total Assetsx 100

400.90

1,742.90x 100

ROA measures how well a company's management

uses its assets to generate profits. It is a better mea-

sure of operating efficiency than ROE, which on-

ly measures how much profit is generated on the

shareholders equity but ignores debt funding. This

ratio is particularly relevant for banks which typi-

cally have huge assets.

The annual dividend is the total amount(pence) of

dividends you could expect to receive if you held

the stock for a year (assuming no change in the

company's dividend policy).

Payout Ratio (%) 35.14 (%)

Dividend Per Share

Primary EPSx 100

0.78

2.22x 100

The dividend yield is the indicated annual dividend

rate expressed as a percentage of the price of the

stock, and could be compared to the coupon yield on

a bond. The Payout Ratio tells you what percent of

the company's earnings have been given to share-

holders as cash dividends. A low payout ratio indi-

cates that company has chosen to reinvest most of

the profits back into the business.

3




Key Ratios & Statistics (cont.)





Per Share Data

12 Mo

Jan 09

12 Mo

Jan 10

12 Mo

Jan 11

Interim 3 Year

Growth

Earning Per Share 1.56 1.86 2.16 0.09

Sales Per Share 16.86 17.36 18.64 0.06

Book Value 0.71 0.70 1.28 **1.28

Cash Flow 1.56 1.86 2.16 0.09

Cash Per Share 0.67 0.60 0.29 **0.29 (0.05)

*MRQ

**MRI

Earnings Per Share

1.36

1.561.76

1.96

2.16

2.36

12 MoJan 09

12 MoJan 10

12 MoJan 11

EPS Excluding Extraordinary Items: This is the adjusted income available to Common divided by

the diluted weighted average shares outstanding. Sales (Revenue) Per Share: Total Revenue divided

by the Average Diluted Shares Outstanding. Book Value Per Share: This is defined as the Common

Shareholder's Equity divided by the Shares Outstanding. Cash Flow: Cash Flow is defined as the sum

of Income After Taxes minus Preferred Dividends and General Partner Distributions plus Deprecia-

tion, Depletion and Amortization. Cash Per Share: This is the Total Cash plus Short Term Invest-

ments divided by the Shares Outstanding.

The most important Per-Share Data item is Earn-

ings Per Share. That's because ultimately, the price

of your stock is related in some way to the value of

the stream of earnings attributable to that share.

Earnings Per Share 2.16

Adjusted Income Avail. to Common Shareholders

Diluted Weighted Average Shares

401.10

185.30

This section also includes the amount of Cash Per

Share the company had at the time of its most re-

cent quarterly or annual report. Most of the time,

this number will be far below the stock price. In

a healthy industrial company, a Cash Per Share

figure that is close the stock price might suggest

that investors are underestimating the worth of the

company's ongoing business, thereby creating an

interesting investment opportunity for you.

4




Consensus Estimates


Analyst Recommendations

& Revisions

Current As of 1

Week Ago

As of 4

Weeks Ago

As of 8

Weeks Ago

As of 13

Weeks Ago

Buy 9 9 9 8 8

Outperform 5 5 6 6 4Hold 14 14 12 13 14

Underperform 2 2 2 1 2

Strong Sell 1 1 1 1 1

Mean Rating 2.4 2.4 2.3 2.3 2.4

Consensus Estimate Trends Current As of 1

Week Ago

As of 4

Weeks Ago

As of 8

Weeks Ago

As of 13

Weeks Ago

Sales (Millions)

Year Ending Jan 12 3,528.9 3,527.6 3,552.2 3,560.9 3,562.3

Year Ending Jan 13 3,655.9 3,655.9 3,673.9 3,686.9 3,693.4

Earnings1 (Per share)

Year Ending Jan 12 224.4 224.3 225.1 228.0 228.0

Year Ending Jan 13 245.2 245.2 245.5 248.5 248.4

Consensus Estimate Analysis No. of

Estimates

Mean

Estimate

High

Estimate

Low

Estimate

Sales (Millions)

Year Ending Jan 12 29 3,528.9 3,666.6 3,350.3

Year Ending Jan 13 26 3,655.9 3,826.2 3,452.8


Year Ending Jan 12 30 224.4 241.5 201.8

Year Ending Jan 13 27 245.2 260.0 207.8

Quarter Historical Surprises Estimate Actual Difference Surprise (%)

Sales (Millions)

Year Ending Jan 11 3,462.41 3,453.70 8.71 0.25


Year Ending Jan 11 211.45 221.90 10.45 4.94

Dividends (Per Share)

Year Ending Jan 11 76.06 78.00 1.94 2.55

1 Earnings per share (Adjusted to exclude exceptional items)

2 Net Profit (Adjusted to exclude exceptional items)

Consensus Recommendation

OUTPERFORM

Company Fiscal Year End Month

January

Last Updated

16 April 2011

Sales

3340

3371

3401

3432

3462

3493

Jan 10 Jan 11

(£ Millions)

5




Annual Profit & Loss


Type of Update UPD CLA UPD

(£ Millions) (£ Millions) (£ Millions)

12Months

24 Jan 09

12Months

30 Jan 10

12Months

29 Jan 11

Total Revenue 3,271.5 3,406.5 3,453.7

Cost of Revenue,Total 2,363.0 2,409.6 2,445.0

Gross Profit 908.5 996.9 1,008.7

Selling/General/Admin.Expenses 427.3 468.7 437.9

Research & Development -- -- --

Depreciation/Amortization -- -- --

Interest Expense/Income Net Op. -- -- --

Unusual Income/Expense -- -- --

Other Operating Expenses,Total -- (0.7) (2.2)

Total Operating Expense 2,793.2 2,876.7 2,878.9

Operating Income 478.3 529.8 574.8

Interest Expense/Income Net Non Op. -- -- --

Gain/(Loss) on Sale of Assets -- -- --

Other, Net -- (0.9) (3.3)

Income Before Tax 428.8 505.3 551.4

Income Tax - Total 126.5 141.3 150.5

Income After Tax 302.3 364.0 400.9

Minority Interest 0.1 0.1 0.2

Equity In Affiliates -- -- --

U.S. GAAP Adjustment -- -- --

Net Income Before Extra. Items 302.4 364.1 401.1

Accounting Change -- -- --

Discontinued Operations -- -- --

Extraodinary Item -- -- --

Tax on Extraordinary Items -- -- --

Net Income 302.4 364.1 401.1

Preferred Dividends -- -- --

General Partner's Distributions -- -- --

Inc. Avail. to Common Excl. Extra. Items 302.4 364.1 401.1

Inc. Avail. to Common Incl. Extra. Items 302.4 364.1 401.1

Basic Weighted Average Shares 193.8 193.1 180.7

Basic EPS Excl. Extra. Items 1.560 1.886 2.220

Basic EPS Incl. Extra. Items 1.560 1.886 2.220

Dilution Adjustment 0.000 0.000 0.000

Diluted Net Income 302.400 364.100 401.100

Diluted Weighted Average Shares 194.000 196.200 185.300

Diluted EPS Excl. Extra. Items 1.559 1.856 2.165

Diluted EPS Incl. Extra. Items 1.559 1.856 2.165

Div's per Share - Common Stock 0.550 0.660 0.780

Gross Dividends - Common Stock 106.100 122.300 136.300

Interest Expense, Supplemental 49.100 27.500 22.500

Interest Capitalized, Supplemental -- -- --

Depreciation, Supplemental 116.500 122.300 118.400

Total Special Items 6.200 11.900 9.200

Normalized Income Before Tax 435.000 517.200 560.600

Effect of Special Items on Inc. Taxes 1.829 3.328 2.511

Inc. Taxes Excl. Impact Special Items 128.329 144.628 153.011

Normalized Income After Tax 306.671 372.572 407.589

Normalized Income Available to Common 306.771 372.672 407.789

Basic Normalized EPS 1.583 1.930 2.257

Diluted Normalized EPS 1.581 1.899 2.201

Auditor EY EY EY

Auditor Opinion UNO UNO UNO

Source Document ARS ARS ARS

Tota l Revenue

3210

3270

3330

3390

3450

3510

Jan 09 Jan 10 Jan 11

(£ Millions)

Gross Profi t

875

909

94 2

975

1009

1042


(£ Millions)

Opera t ing Income

44 6

478

51 0

543

575

607


(£ Millions)

Net Income

27 0

30 2

335

368

401

43 4


(£ Millions)

Diluted Normalized EPS

1.37

1.58

1.79

1.99

2 .2

2.41


(£ Millions)

6




Annual Balance Sheet


Type of Update RES UPD UPD


24 Jan 09 30 Jan 10 29 Jan 11

Cash 45.7 44.3 46.4

Cash and Equivalents -- -- --

Short Term Investments 86.5 71.3 7.0

Cash and Short Term Investments 132.2 115.6 53.4

Accounts Receivable(Trade), Net 494.2 520.9 534.6

Notes Receivable - Short Term -- -- --

Other Receivables 31.7 9.7 9.7

Total Receivables, Net 525.9 530.6 544.3

Total Inventory 318.7 309.0 368.3

Prepaid Expenses 96.8 86.0 101.3

Other Current Assets -- -- --

Total Current Assets 1,073.6 1,041.2 1,067.3

Property/Plant/Equipment - Gross 1,255.3 1,318.9 1,435.2

Accumulated Depreciation (642.5) (741.7) (842.8)

Property/Plant/Equip., Net 612.8 577.2 592.4

Goodwill, Net 49.7 42.5 44.1

Intangibles, Net 5.7 4.9 2.4

Long Term Investments 18.6 27.7 30.4

Note Receivable - Long Term -- -- --

Other Long Term Assets, Total -- 0.0 55.7

Other Assets, Total -- -- --

Total Assets 1,760.4 1,693.5 1,792.3

Accounts Payable 204.8 175.0 195.5

Payable/Accrued -- -- --

Accrued Expenses 45.7 65.9 72.7

Notes Payable/Short Term Debt 121.3 4.7 125.2

Current Port. LT Debt/Capital Leases 0.4 0.4 0.2

Other Current Liabilities, Total 341.3 512.1 439.3

Total Current Liabilities 713.5 758.1 832.9

Long Term Debt 567.8 520.9 471.2

Capital Lease Obligations 1.0 0.6 0.5

Total Long Term Debt 568.8 521.5 471.7

Total Debt 690.5 526.6 597.1

Deferred Income Tax 28.0 3.7 23.4

Minority Interest (0.1) (0.2) 0.1

Other Liabilities, Total 309.6 276.8 231.9

Total Liabilities 1,619.8 1,559.9 1,560.0

Redeemable Preferred Stock -- -- --

Preferred Stock(Non Redeemable), Net -- -- --

Common Stock 19.7 19.1 18.1

Additional Paid-In Capital 0.7 0.7 0.8

Retained Earnings/Accum. Deficit 159.2 187.3 347.4Treasury Stock - Common -- -- --

ESOP Debt Guarantee (48.7) (78.2) (138.6)

Unrealized Gain/Loss -- -- --

Other Equity, Total 9.7 4.7 4.6

Total Equity 140.6 133.6 232.3

Total Liability & Shareholders' Equity 1,760.4 1,693.5 1,792.3

Total Common Shares Outstanding 197.1 191.2 181.2

Total Preferred Stock Shares Outs. -- -- --

Auditor EY EY EY


Source Document Interim Re-

port

ARS ARS

Cash & Shor t Term Inves tm ents

27

53

80

10 6

13 2

158


(£ Millions)

Tota l Curren t Asse ts

1030

1041

1052

1063

1074

1084


(£ Millions)

Total Debt

47 0

53 0

58 0

64 0

69 0

75 0


(£ Millions)

Total Equity

101

13 4

167

199

23 2

265


(£ Millions)

Tota l Comm on Shares Outs tanding

17 6

181

187

19 2

197

20 2


(£ Millions)

7




Annual Cash Flow Statement


Type of Update UPD UPD UPD


12Months

24 Jan 09

12Months

30 Jan 10

12Months

29 Jan 11

Net Income/Starting Line 478.3 529.8 574.8

Depreciation/Depletion 116.8 123.1 119.3

Amortization -- -- --

Deferred Taxes -- -- --

Non-Cash Items 18.4 19.2 17.3

Cash Receipts -- -- --

Cash Payments -- -- --

Cash Taxes Paied 125.9 115.2 141.9

Cash Interest Paid 50.1 32.1 21.6

Changes in Working Capital (164.7) (100.6) (259.4)

Total Cash from Operating Activities 448.8 571.5 452.0

Capital Expenditures (120.6) (98.6) (120.6)

Other Investing Cash Flow Items, Total (13.8) 0.4 (17.5)

Total Cash from Investing Activities (134.4) (98.2) (138.1)

Financing Cash Flow Items (48.7) (31.2) (20.7)

Total Cash Dividends Paid (106.5) (108.5) (129.6)

Insurance/Retirement of Stock, Net (51.3) (107.3) (290.3)

Insurance/Retirement of Debt, Net (130.5) (122.0) 63.4

Total Cash from Financing Activities (337.0) (369.0) (377.2)

Foreign Exchange Effects 5.8 (3.5) 0.1

Net Change in Cash (16.8) 100.8 (63.2)

Depreciation, Supplemental 116.8 123.1 119.3

Cash Interest Paid, Supplemental 50.1 32.1 21.6

Cash Taxes Paid, Supplemental 125.9 115.2 141.9

Auditor EY EY EY


Source Document ARS ARS ARS

Total Cash from Operating Activit ies

408

449

49 0

531

57 2

61 2


(£ Millions)

Capital Expenditures

- 1 2 8

- 1 2 1

- 1 1 3

- 1 0 6

- 99

- 91


(£ Millions)

Issue of Stock

- 3 7 0

- 2 9 0

- 2 1 0

- 1 3 0

- 50

30


(£ Millions)

Issue of Debt

- 2 0 0

- 1 3 0

- 70

0

60

13 0


(£ Millions)

Net Change in Cash

- 1 2 0

- 60

- 10

50

10 0

16 0


(£ Millions)

8




Interim Profit & Loss


Type of Update

(£ Millions) (£ Millions) (£ Millions) (£ Millions) (£ Millions)

N/A N/A N/A N/A N/A

Total Revenue -- -- -- -- --

Cost of Revenue,Total -- -- -- -- --

Gross Profit -- -- -- -- --

Selling/General/Admin.Expenses -- -- -- -- --

Research & Development -- -- -- -- --

Depreciation/Amortization -- -- -- -- --

Interest Expense/Income Net Op. -- -- -- -- --

Unusual Income/Expense -- -- -- -- --

Other Operating Expenses,Total -- -- -- -- --

Total Operating Expense -- -- -- -- --

Operating Income -- -- -- -- --

Interest Expense/Income Net Non Op. -- -- -- -- --

Gain/(Loss) on Sale of Assets -- -- -- -- --

Other, Net -- -- -- -- --

Income Before Tax -- -- -- -- --

Income Tax - Total -- -- -- -- --

Income After Tax -- -- -- -- --

Minority Interest -- -- -- -- --

Equity In Affiliates -- -- -- -- --

U.S. GAAP Adjustment -- -- -- -- --

Net Income Before Extra. Items -- -- -- -- --

Accounting Change -- -- -- -- --

Discontinued Operations -- -- -- -- --

Extraodinary Item -- -- -- -- --

Tax on Extraordinary Items -- -- -- -- --

Net Income -- -- -- -- --

Preferred Dividends -- -- -- -- --

General Partner's Distributions -- -- -- -- --

Inc. Avail. to Common Excl. Extra. Items -- -- -- -- --

Inc. Avail. to Common Incl. Extra. Items -- -- -- -- --

Basic Weighted Average Shares -- -- -- -- --

Basic EPS Excl. Extra. Items -- -- -- -- --

Basic EPS Incl. Extra. Items -- -- -- -- --

Dilution Adjustment -- -- -- -- --

Diluted Net Income -- -- -- -- --

Diluted Weighted Average Shares -- -- -- -- --

Diluted EPS Excl. Extra. Items -- -- -- -- --

Diluted EPS Incl. Extra. Items -- -- -- -- --

Div's per Share - Common Stock -- -- -- -- --

Gross Dividends - Common Stock -- -- -- -- --

Interest Expense, Supplemental -- -- -- -- --

Interest Capitalized, Supplemental -- -- -- -- --

Depreciation, Supplemental -- -- -- -- --

Total Special Items -- -- -- -- --

Normalized Income Before Tax -- -- -- -- --

Effect of Special Items on Inc. Taxes -- -- -- -- --

Inc. Taxes Excl. Impact Special Items -- -- -- -- --

Normalized Income After Tax -- -- -- -- --

Normalized Income Available to Common -- -- -- -- --

Basic Normalized EPS -- -- -- -- --

Diluted Normalized EPS -- -- -- -- --

Source Document

Fiscal Period

9




Interim Accounts - Balance Sheet


Type of Update


N/A N/A N/A N/A N/A

Cash -- -- -- -- --

Cash and Equivalents -- -- -- -- --

Short Term Investments -- -- -- -- --

Cash and Short Term Investments -- -- -- -- --

Accounts Receivable(Trade), Net -- -- -- -- --

Notes Receivable - Short Term -- -- -- -- --

Other Receivables -- -- -- -- --

Total Receivables, Net -- -- -- -- --

Total Inventory -- -- -- -- --

Prepaid Expenses -- -- -- -- --

Other Current Assets -- -- -- -- --

Total Current Assets -- -- -- -- --

Property/Plant/Equipment - Gross -- -- -- -- --

Accumulated Depreciation -- -- -- -- --

Property/Plant/Equip., Net -- -- -- -- --

Goodwill, Net -- -- -- -- --

Intangibles, Net -- -- -- -- --

Long Term Investments -- -- -- -- --

Note Receivable - Long Term -- -- -- -- --

Other Long Term Assets, Total -- -- -- -- --

Other Assets, Total -- -- -- -- --

Total Assets -- -- -- -- --

Accounts Payable -- -- -- -- --

Payable/Accrued -- -- -- -- --

Accrued Expenses -- -- -- -- --

Notes Payable/Short Term Debt -- -- -- -- --

Current Port. LT Debt/Capital Leases -- -- -- -- --

Other Current Liabilities, Total -- -- -- -- --

Total Current Liabilities -- -- -- -- --

Long Term Debt -- -- -- -- --

Capital Lease Obligations -- -- -- -- --

Total Long Term Debt -- -- -- -- --

Total Debt -- -- -- -- --

Deferred Income Tax -- -- -- -- --

Minority Interest -- -- -- -- --

Other Liabilities, Total -- -- -- -- --

Total Liabilities -- -- -- -- --

Redeemable Preferred Stock -- -- -- -- --

Preferred Stock(Non Redeemable), Net -- -- -- -- --

Common Stock -- -- -- -- --

Additional Paid-In Capital -- -- -- -- --

Retained Earnings/Accum. Deficit -- -- -- -- --

Treasury Stock - Common -- -- -- -- --

ESOP Debt Guarantee -- -- -- -- --

Unrealized Gain/Loss -- -- -- -- --

Other Equity, Total -- -- -- -- --

Total Equity -- -- -- -- --

Total Liability & Shareholders' Equity -- -- -- -- --

Total Common Shares Outstanding -- -- -- -- --

Total Preferred Stock Shares Outs. -- -- -- -- --

Source Document

Fiscal Period

10




Interim Accounts - Cash Flow Statement


Type of Update


N/A N/A N/A N/A N/A

Net Income/Starting Line -- -- -- -- --

Depreciation/Depletion -- -- -- -- --

Amortization -- -- -- -- --

Deferred Taxes -- -- -- -- --

Non-Cash Items -- -- -- -- --

Cash Receipts -- -- -- -- --

Cash Payments -- -- -- -- --

Cash Taxes Paied -- -- -- -- --

Cash Interest Paid -- -- -- -- --

Changes in Working Capital -- -- -- -- --

Total Cash from Operating Activities -- -- -- -- --

Capital Expenditures -- -- -- -- --

Other Investing Cash Flow Items, Total -- -- -- -- --

Total Cash from Investing Activities -- -- -- -- --

Financing Cash Flow Items -- -- -- -- --

Total Cash Dividends Paid -- -- -- -- --

Insurance/Retirement of Stock, Net -- -- -- -- --

Insurance/Retirement of Debt, Net -- -- -- -- --

Total Cash from Financing Activities -- -- -- -- --

Foreign Exchange Effects -- -- -- -- --

Net Change in Cash -- -- -- -- --

Depreciation, Supplemental -- -- -- -- --

Cash Interest Paid, Supplemental -- -- -- -- --

Cash Taxes Paid, Supplemental -- -- -- -- --

Source Document

Fiscal Period

11




Further Information

Internet Information

Home Page: http://www.next.co.uk

News Releases: http://www.nextplc.co.uk/nextplc/newsevents/

Investor Relations: http://www.nextplc.co.uk/nextplc/investorinfo/

Financial Information: http://www.nextplc.co.uk/nextplc/financialinfo/reportsresults/

Corporate History/Profile: http://www.nextplc.co.uk/nextplc/aboutnext/

Executives: http://www.nextplc.co.uk/nextplc/aboutnext/boardmembers/

Products/Services: http://www.next.co.uk/shopping/women#LID=01_02_01

Employment Opportunities: http://careers.next.co.uk/

Officers

R. John Barton Chairman of the Board

Simon Wolfson Chief Executive, Executive Director

David Keens Group Finance Director, Executive Director

A. McKinlay Company Secretary

Andrew Varley Group Property Director, Executive DirectorChristos Angelides Group Product Director, Executive Director

Francis Salway Non-Executive Director

Nick Brookes Independent Non-Executive Director

Jonathan Dawson Senior Independent Non-Executive Director

Christine Cross Independent Non-Executive Director

Stephen Barber Independent Non-Executive Director

Next PLC Group Headquarters: Desford Road, Enderby, Leicester, ENG LE9 5AT, United Kingdom, A J R McKinlay (Secy.)

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