GLAXOSMITHKLINE RESEARCH & DEVELOPMENT LIMITED

1. GLAXOSMITHKLINE RESEARCH & DEVELOPMENT LIMITED 2001-12-20 → present
2. GLAXO RESEARCH AND DEVELOPMENT LIMITED 1994-01-01 → 2001-12-20
3. GLAXO GROUP RESEARCH LIMITED 1978-12-31 → 1994-01-01
4. MATBURN RESEARCH LIMITED 1965-01-22 → 1978-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having assessed the principal risks of the Company and other matters, the Directors are of the opinion that the current level of activity remains sustainable. The Directors in their considerations have included operational risks to research and development including the availability of research facilities and materials. The Directors have considered the Company's ability to continue as a going concern for a minimum of twelve months from the date of signing of these financial statements. The Directors have taken into account that, as part of the Group, the Company has already received the necessary letter of support from GlaxoSmithKline Finance plc and can take actions to ensure business continuity through operational channels, as well as the ability to manage variable costs. On the basis of those considerations, the Directors believe that it remains appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +10.6%

  £1,450,454,000 → £1,604,456,000

• Cash

  —

  Not reported

• Net assets

  +7.6%

  £1,190,380,000 → £1,280,730,000

• Employees

  -3.1%

  3,328 → 3,224

• Operating profit

  +0.7%

  £80,447,000 → £81,021,000

• Profit before tax

  +6.8%

  £114,571,000 → £122,350,000

• Wages

  -2.1%

  £350,713,000 → £343,186,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers