MML MEDUSA MINING LIMITED ORD NPV (DI)

MEDUSA MINING Currency GBX Standard Shares

Income Statement (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
Revenue	51.76	93.17	63.17	26.02	8.72
Operating Profit/(Loss)	30.65	68.82	44.02	16.28	0.49
Net Interest	0.00	0.00	0.00	0.00	0.18
Profit Before Tax	30.65	68.82	44.02	16.28	0.49
Profit After Tax	31.36	68.74	43.99	17.32	-0.65
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	31.36	68.74	43.99	17.32	-0.65
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	31.36	68.74	43.99	17.32	-0.65

Continuing EPS
Earnings per Share - Basic	16.64p	36.56p	25.27p	11.36p	-0.43p
Earnings per Share - Diluted	16.58p	36.44p	25.20p	11.30p	-0.43p
Earnings per Share - Adjusted	16.64p	36.56p	27.54p	11.36p	-0.43p
Continuing and Discontinued EPS
Earnings per Share - Basic	16.64p	36.56p	25.27p	11.36p	-0.43p
Earnings per Share - Diluted	16.58p	36.44p	25.20p	11.30p	-0.43p
Earnings per Share - Adjusted	16.64p	36.56p	27.54p	11.36p	-0.43p

Dividend per Share	6.63p	6.21p	0.00p	0.00p	0.00p

Balance Sheet (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Assets
Non-Current Assets
Property, Plant & Equipment	40.76	24.92	23.12	18.12	13.74
Intangible Assets	116.61	72.49	50.78	32.04	19.65
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	1.04	0.05	0.05	0.04	1.38
	158.41	97.46	73.96	50.20	34.76
Current Assets
Inventories	9.34	5.07	3.68	0.71	0.45
Trade & Other Receivables	36.13	35.89	23.64	3.12	1.22
Cash at Bank & in Hand	7.95	38.89	21.69	16.11	2.33
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	53.42	79.84	49.01	19.94	4.00

Total Assets	211.82	177.30	122.97	70.14	38.76

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-10.07	-5.15	-5.53	-5.59	-3.30
	-10.07	-5.15	-5.53	-5.59	-3.30

Net Current Assets	43.35	74.69	43.49	14.35	0.70

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-0.50	-0.31	-0.19	-0.19	-2.52
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00
	-0.50	-0.31	-0.19	-0.19	-2.52

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-10.57	-5.46	-5.72	-5.78	-5.82

Net Assets	201.25	171.84	117.26	64.36	32.94

Capital & Reserves
Share Capital	46.59	44.84	47.39	42.40	31.76
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	15.15	9.27	4.60	2.62	-0.26
Retained Earnings	139.52	117.73	65.26	19.34	1.44
Shareholders Funds	201.25	171.84	117.26	64.36	32.94

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	201.25	171.84	117.26	64.36	32.94

Ratios - based on IFRS	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
PE Ratio - Adjusted	18.83	12.12	8.55	9.99	-134.88
PEG - Adjusted	-0.35	0.37	0.06	0.00	1.22
Earnings per Share Growth - Adjusted	-54.49%	32.77%	142.35%	-2718.20%	-110.80%
Dividend Cover	2.51	5.89	n/a	n/a	n/a
Revenue Per Share	27.42p	49.57p	36.39p	17.04p	6.07p
Pre-Tax Profit per Share	16.24p	36.61p	25.36p	10.66p	0.34p
Operating Margin	59.22%	73.86%	69.68%	62.57%	11.14%
Return on Capital Employed	36.00%	69.05%	66.04%	50.07%	4.25%

Continuing & Discontinued Operations
Dividend Yield	2.12%	1.40%	0.00%	0.00%	0.00%
Dividend per Share Growth	6.76%	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	44.81p	52.78p	35.45p	19.16p	9.17p
Net Gearing	-3.95%	-22.63%	-18.50%	-25.03%	-7.08%

Data is provided by Morningstar

MEDUSA MINING - Fundamentals