The values
- Operating profit £, year to March 2025: 16,794,888
- D2 ceiling GBPm: 17 to 17.6
- Below ceiling by £: 205,112 to 755,112
- Operating profit ratio year to March 2026 over year to March 2025: 2.03
- Op margin, year to March 2025: 0.12
- D2 op margin ceiling: 0.121 to 0.125
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- 17.0m - 16,794,888 = 205,112
- 17.55m - 16,794,888 = 755,112
- 34,057,332/16,794,888 = 2.028
- 16,794,888/140,429,173 = 0.1196. (34,057,332 - 16,794,888)/(224,023,236 - 140,429,173) = 17,262,444/83,594,063 = 0.2065
- Admin 25,380,164 - 20,063,642 = 5,316,522
- ETR 2,507,406/17,762,679 = 0.1412
- 20.35 - 17.76 = 2.59