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Adjustments
The figures
used in calculating return (for ROCE and ROE), dividend yield,
and per share statistics, i.e. turnover, earnings, cashflow,
dividends, net tangible assets and number of shares, can each
be subject to adjustment for a variety of reasons, including
share capital changes,
dilution, and annualisation.
To achieve comparability, the last five reported periods, as
well as the forecasts, are adjusted as necessary.
When, for
example, a share capital change has taken place which results
in a share price adjustment factor, this factor is applied to
all previous per share values in each time series to restore
comparability with values in subsequent periods. This applies
to rights
issues, scrip issues,
and share
consolidations or subdivisions. Similarly, when a financial
period is greater or less than 12 months in duration, adjustments
are made to annualise
the reported values for that period, unless they are balance
sheet values such as net tangible assets.
The rationale
and mechanisms for applying all these adjustments are fully
explained under the heading Adjusting
ratios, figures, and per share data.
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REFS
is available in 3 formats to suit your needs 
Updated daily with data direct from the London
Stock Exchange 
Available
monthly or quarterly on CD
 
Available
monthly or quarterly in two hard-copy volumes
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