Burberry Group plc Financial Statements 2023/24

Vocabulary practice flashcards covering key financial items, balance sheet accounts, performance measures, and cash flow movements from the Burberry Group plc 2023/24 Annual Report.

Revenue (Burberry Group plc 2023/24)

The total sales revenue earned by the group, reported at $£2,968\,\text{m}$ for the 52 weeks to 30 March 2024, down from $£3,094\,\text{m}$ in the prior year.

Gross Profit (Burberry Group plc 2023/24)

The revenue remaining after deducting cost of sales ($£959\,\text{m}$), amounting to $£2,009\,\text{m}$ for the 52 weeks to 30 March 2024 compared to $£2,183\,\text{m}$ in 2023.

Operating Profit (Burberry Group plc 2023/24)

The profit earned from primary business operations after net operating expenses of $£1,591\,\text{m}$, totaling $£418\,\text{m}$ for the 52 weeks to 30 March 2024 compared to $£657\,\text{m}$ in 2023.

Profit Before Taxation (Burberry Group plc 2023/24)

Operating profit after net finance expenses of $£35\,\text{m}$, reported at $£383\,\text{m}$ for the 52 weeks to 30 March 2024 compared to $£634\,\text{m}$ in the 52 weeks to 1 April 2023.

Profit for the Year (Burberry Group plc 2023/24)

Total comprehensive profit after deducting a taxation charge of $£112\,\text{m}$, standing at $£271\,\text{m}$ ($£270\,\text{m}$ attributable to owners of the Company and $£1\,\text{m}$ to non-controlling interest).

Basic Earnings Per Share (Burberry Group plc 2023/24)

The standard earnings allocated per ordinary share, reported as $74.1\,\text{p}$ for the 52 weeks to 30 March 2024, compared to $126.9\,\text{p}$ in 2023.

Adjusted Profit Before Taxation (Burberry Group plc)

A non-GAAP measure reconciling profit before taxation with adjusting operating items and adjusting financing items; it was $£383\,\text{m}$ in 2024 (with zero adjusting items) compared to $£613\,\text{m}$ in 2023.

Proposed Final Dividend (Burberry Group plc 2023/24)

The dividend recommended per share of $42.7\,\text{p}$ (not recognised as a liability at 30 March 2024), complementing the interim dividend of $18.3\,\text{p}$.

Right-of-Use Assets (Burberry Group plc)

Non-current leased properties and assets recognized under lease accounting, valued at $£1,013\,\text{m}$ as at 30 March 2024 ($£950\,\text{m}$ as at 1 April 2023).

Total Assets (Burberry Group plc 2023/24)

The sum of non-current assets ($£1,946\,\text{m}$) and current assets ($£1,424\,\text{m}$), totaling $£3,370\,\text{m}$ as at 30 March 2024.

Net Assets (Burberry Group plc 2023/24)

Total assets ($£3,370\,\text{m}$) minus total liabilities ($£2,216\,\text{m}$), equaling total equity of $£1,154\,\text{m}$ as at 30 March 2024.

Net Cash Generated from Operating Activities (Burberry Group plc 2023/24)

Cash flow generated from primary business operations after working capital adjustments, interest, and tax payments, totaling $£506\,\text{m}$ in 2024 compared to $£750\,\text{m}$ in 2023.

Cash Net of Overdrafts (Burberry Group plc 2023/24)

The net liquid cash position comprising cash and cash equivalents ($£441\,\text{m}$) less bank overdrafts ($£79\,\text{m}$), totaling $£362\,\text{m}$ as at 30 March 2024.

Share Buyback (Burberry Group plc 2023/24)

A financing cash outflow for repurchasing the company's own shares, totaling $£400\,\text{m}$ with an additional $£2\,\text{m}$ paid for stamp duty and fees.

Jonathan Akeroyd

The Chief Executive Officer of Burberry Group plc who signed and authorised the consolidated financial statements on behalf of the Board on 14 May 2024.