holidaybreak plcpreliminary results 2005 bob ayling chairman overview baddeley finance director review carl michel chief executive divisional group strategy and opportunitiesq & a best ever performance in terms of headline pbt free cashflow line with expectations hotel breaks adventure travel divisions now 2 3rds sales newly acquired dutch businesses perform well camping continues to deliver strong cash on reducedcapacity current trading s preliminary 2005financial highlights turnover 7 6 303 0m 2004 281 6m profit before tax 14 3 32 28 dividend 10 net debt increased by 4m 23 roic 24 2005profit &loss account 2005divisional acquisitions 2005cash flow after brc djoser 39 interest cover pre goodwill 9 times 4x currency rate hedging place refinanced bank facilities take advantage market conditions 2005free division plcbalance sheet 22 9m
