Key financial information


Continuing Group FY 2017
Change FY 2016
Revenue £m  3,965.2  7.9%  3,676.2
Operating profit* £m  841.2  10.1%  764.3
Profit before tax and exceptional items £m  812.0  10.7%  733.4
Profit for the year £m  555.3  (5.8)%  589.3
Adjusted basic earnings per share (pence) ††
 20.2  11.6%   18.1
Basic earnings per share (pence)  17.0  (6.1)%
Tangible net asset value per share (pence)†  95.7  8.0%
Year end net cash £m
 511.8  40.3%
Ordinary dividend per share (pence) (subject to shareholder approval)  c.4.74  68.1%  2.82

* Operating profit is defined as profit on ordinary activities from continuing operations before finance costs and exceptional items, after share of results of joint ventures. 

† Tangible net assets per share is defined as net assets before any accrued dividends excluding goodwill and intangible assets divided by the number of ordinary shares in issue at the end of the period. 

†† Adjusted basic earnings per share represents earnings attributed to the shareholders of the parent, excluding exceptional items and tax on exceptional items, divided by the weighted average number of shares in issue during the period.

UK Housing business highlights  2017 2016
Homes legally completed (excluding joint ventures)  14,387  13,808
Private home completions (excluding joint ventures)
 11,602  11,145
Affordable home completions (excluding joint ventures)
 2,785  2,663
Joint Venture home completions  154  73
Sales outlets at year end
Average number of employees  4,999  4,697

To find out more about our performance in 2017, please visit 2017 in review and our Reporting Centre, for more about Taylor Wimpey please visit About us.