Year in review Corporate governance Financial statements
ACM Shipping Group plc Annual report and accounts 2009 01
HIGHLIGHTS
We have produced a strong fundamental
business with a solid platform for future growth
and we continue to look for opportunities
to expand the Group's offering.
IFC CORPORATE STATEMENT
01 highlights 02 Busines at a glance
04 c hairman's statement
06 Chief executive's review
of thE busines
08 F inanc ial review
10 Boar d of directors
and advisers
12 D irectors ' report 15 Corporate governance
16 D irectors ' remunerat ion report
18 In depen dent auditor 's report
20 Consolidate d income statement
20 Conso lidate d statement of
recognised income and expense
21 Balance sheets
22 statements of changes in equity
24 cas h flow statements
25 Notes to the
financial statements
46 Not ice of Annual
General Meeting
51 Form of proxy
IBC Gro up trading offices
IBC F inanc ial calendar
X Total revenue up 29% on 2008 to US$50.9 million
(2008: US$39.3 million)
X Profit before amortisation and taxation up 59% to £8.7 million
(2008: £5.5 million)
X Final dividend of 6.0 pence per share, making 8.5 pence for year
up 42% (2008: 6.0 pence)
X 19% increase in the number of spot fixtures contracted during
the period
X Time charter forward order book at US$25 million, a similar
level to last year
X Harris & Dixon Shipbrokers, acquired in June 2008,
has outperformed management expectations
X Basic EPS up 73%, adjusted EPS up 61%
X Overseas offices, India and Singapore, performing well
X Strong cash position with £4.9 million and no debt
Revenue US$50.9m
+29%
04 05 06 07 08 09
