Highlights
One of the machines driving tunnels to open up new reserves in the Beeston seam at Kellingley colliery, West Yorkshire.
UK COAL is the largest producer of coal in the UK, and a significant supplier of energy to the UK’s electricity industry. In the last year we mined approximately 15% of the total amount of coal burned in the UK, which is equivalent to the energy needed to provide around 5% of the country’s electricity requirements.
One of Britain’s largest brownfield site property developers, UK COAL owns a substantial land portfolio, which has major potential for redevelopment.
Highlights
|
Income Statement
|
2008
|
2007 |
| Total Group revenue |
392.5
|
328.5 |
| Average sales price per Gigajoule (£/GJ) |
1.92
|
1.62 |
| |
|
|
| Operating profit before non-trading exceptional items and property revaluation uplift (£m) |
1.8
|
5.3 |
| Non-cash property revaluation uplift (£m) |
—
|
66.8 |
| Operating profit before non-trading exceptional items (£m) |
1.8
|
72.1 |
| Operating (loss)/profit (£m) |
(2.2)
|
82.7 |
| (Loss)/profit before tax (£m) |
(15.6)
|
69.0 |
| (Loss)/earnings per share (pence) |
(10.0)
|
59.9 |
| (Loss)/earnings per share excluding tax (pence) |
(10.0)
|
44.0 |
|
Balance Sheet
|
2008
|
2007 |
| Net assets (£m) |
300.4
|
358.2 |
| Net assets per share (£) |
1.91
|
2.28 |
| Year end gearing (%) |
46
|
29 |
