Staff Numbers ( FTE at 31 March ) 37 35 35 39 1,483 1,958 223 5,080 Capital Expenditure £’000 Ferry Reliability( on time departures) 99.8% 99.7% 99.5% 99.9% Number of weekday passengers 2,123 2,169 2,230 2,497 (‘000s) % change on prior year -2.1% -2.7% -10.7% -1.6% Number of weekend passengers 800 817 803 831 (‘000s) % change on prior year -2.1% 1.8% -3.4% -4.1% Total number of passengers 2,923 2,986 3,033 3,328 (‘000’s) % change on prior year -2.1% -1.6% -8.9% -2.1% Revenue growth % 4.3% 1.2% -1.9% 11.5% Average yield per passenger journey £1.41 £1.32 £1.28 £1.19 Managing (continued) Director’s Strategic Report Momart Momart, the art handling and logistics business, saw a return to more normal levels of activity following the Group’s string of exceptional overseas exhibitions which boosted results in the prior year. Total revenue for the year decreased by 13.7% to £15.8 million (2014: £18.3 million) while underlying operating profit reduced by 32.1% to £1.24 million (2014: £1.83 million). Finance costs were reduced in the year as borrowings were repaid. Underlying profit before tax before amortisation of intangibles was £1.21 million (2014: £1.76 million). Momart Operating results Year ended 31 March 2015 2014 Change £m £m % Revenues Museums and public exhibitions 8.68 10.86 -20.0 Commercial gallery services 5.21 5.57 -6.5 Storage 1.86 1.83 1.3 Total Momart revenue 15.75 18.26 -13.7 Underlying Momart operating profit 1.24 1.83 -32.1 Net Interest expense (0.03) (0.07) -50.8% Underlying Pre Tax Profit 1.21 1.76 -31.5% Underlying operating profit margin 7.9% 10.0% -21.4 Exhibitions
Staff Numbers ( FTE at 31 March ) 39 37 35 35 Capital Expenditure £’000 1,483 1,958 223 5,080 Ferry Reliability( on time departures) 99.8% 99.7% 99.5% 99.9% Number of weekday passengers (‘000s) 2,123 2,169 2,230 2,497 % change on prior year -2.1% -2.7% -10.7% -1.6% Number of weekend passengers (‘000s) 800 817 803 831 % change on prior year -2.1% 1.8% -3.4% -4.1% Total number of passengers (‘000’s) 2,923 2,986 3,033 3,328 % change on prior year -2.1% -1.6% -8.9% -2.1% Revenue growth % 4.3% 1.2% -1.9% 11.5% Average yield per passenger journey £1.41 £1.32 £1.28 £1.19 Managing Director’s Strategic Report (continued) Momart Momart, the Group’s art handling and logistics business, saw a return to more normal levels of activity following the string of exceptional overseas exhibitions which boosted results in the prior year. Total revenue for the year decreased by 13.7% to £15.8 million (2014: £18.3 million) while underlying operating profit reduced by 32.1% to £1.24 million (2014: £1.83 million). Finance costs were reduced in the year as borrowings were repaid. Underlying profit before tax before amortisation of intangibles was £1.21 million (2014: £1.76 million). Momart Operating results Year ended 31 March 2015 2014 Change £m £m % Revenues Museums and public exhibitions 8.68 10.86 -20.0 Commercial gallery services 5.21 5.57 -6.5 Storage 1.86 1.83 1.3 Total Momart revenue 15.75 18.26 -13.7 Underlying Momart operating profit 1.24 1.83 -32.1 Net Interest expense (0.03) (0.07) -50.8% Underlying Pre Tax Profit 1.21 1.76 -31.5% Underlying operating profit margin 7.9% 10.0% -21.4 Exhibitions
Final%20Results%20for%20the%20year%20ended%2031%20March%202015.docx