IAE ITHACA ENERGY INC COM SHS NPV (DI)

ITHACA ENERGY Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	104.88	83.04	86.30	62.64	1.70
Operating Profit/(Loss)	15.98	17.48	37.33	4.91	-20.64
Net Interest	1.23	0.23	0.36	0.00	0.00
Profit Before Tax	17.99	23.88	37.04	4.91	-20.64
Profit After Tax	57.46	23.08	39.55	4.86	-20.88
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	57.46	23.08	39.55	4.86	-20.88
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	57.46	23.08	39.55	4.86	-20.88

Continuing EPS
Earnings per Share - Basic	22.15p	9.01p	21.72p	3.09p	-15.77p
Earnings per Share - Diluted	21.53p	9.01p	21.08p	3.09p	-15.77p
Earnings per Share - Adjusted	22.15p	9.01p	21.72p	3.09p	-15.77p
Continuing and Discontinued EPS
Earnings per Share - Basic	22.15p	9.01p	21.72p	3.09p	-15.77p
Earnings per Share - Diluted	21.53p	9.01p	21.08p	3.09p	-15.77p
Earnings per Share - Adjusted	22.15p	9.01p	21.72p	3.09p	-15.77p

Dividend per Share	0.00p	0.00p	0.00p	0.00p	0.00p

Balance Sheet (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Assets
Non-Current Assets
Property, Plant & Equipment	378.51	366.49	165.40	127.08	203.35
Intangible Assets	0.61	0.63	12.02	0.00	0.00
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	11.28	0.00	0.00	0.22	0.00
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	42.74	15.11	3.80	0.00	0.28
	433.13	382.23	181.22	127.30	203.62
Current Assets
Inventories	9.77	5.69	0.00	0.00	0.88
Trade & Other Receivables	97.94	52.09	67.56	41.76	13.86
Cash at Bank & in Hand	28.38	77.76	125.14	21.71	26.92
Current Asset Investments	5.08	0.00	0.00	0.42	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	141.16	135.54	192.70	63.90	41.66

Total Assets	574.29	517.77	373.92	191.19	245.28

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-126.51	-65.72	-48.49	-27.22	-33.24
	-126.51	-65.72	-48.49	-27.22	-33.24

Net Current Assets	14.65	69.82	144.21	36.68	8.42

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	-41.97
Provisions	-38.37	-81.42	-4.35	0.00	0.00
Other Non-Current Liabilities	-36.82	-44.14	-28.02	-6.60	-2.84
	-75.19	-125.56	-32.38	-6.60	-44.81

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-201.70	-191.28	-80.86	-33.82	-78.04

Net Assets	372.59	326.50	293.05	157.37	167.24

Capital & Reserves
Share Capital	265.35	276.37	269.77	171.36	189.98
Share Premium Account	0.00	0.00	0.00	4.83	3.52
Other Reserves	12.51	11.14	7.50	0.00	0.00
Retained Earnings	94.73	38.99	15.79	-18.82	-26.26
Shareholders Funds	372.59	326.50	293.05	157.37	167.24

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	372.59	326.50	293.05	157.37	167.24

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	5.64	15.04	7.82	27.10	-1.17
PEG - Adjusted	0.04	-0.26	0.01	-0.23	0.00
Earnings per Share Growth - Adjusted	145.86%	-58.52%	602.33%	-119.60%	1483.63%
Dividend Cover	n/a	n/a	n/a	n/a	n/a
Revenue Per Share	40.43p	32.14p	42.58p	38.60p	1.29p
Pre-Tax Profit per Share	6.93p	9.24p	18.27p	3.03p	-15.68p
Operating Margin	18.20%	28.69%	43.26%	7.15%	-1217.82%
Return on Capital Employed	4.68%	5.92%	13.11%	3.02%	-9.87%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	143.12p	125.74p	109.87p	96.93p	103.07p
Net Gearing	-7.62%	-23.82%	-42.70%	-13.80%	9.00%

Data is provided by Morningstar

ITHACA ENERGY - Fundamentals