ALU ALUMASC GROUP PLC ORD 12.5P

ALUMASC GROUP Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
Revenue	110.62	106.81	87.49	109.09	125.81
Operating Profit/(Loss)	1.41	7.10	5.06	3.33	11.58
Net Interest	0.10	0.18	0.18	0.16	0.19
Profit Before Tax	0.39	5.38	3.48	1.80	9.99
Profit After Tax	0.41	3.83	2.31	1.06	7.33
Discontinued Operations
Profit After Tax	0.00	-0.19	-0.07	0.00	0.00
PROFIT FOR THE PERIOD	0.41	3.65	2.24	1.06	7.33
Attributable to:
Minority Interests	0.00	0.00	-0.01	-0.01	-0.02
Equity Holders of Parent Company	0.41	3.65	2.23	1.05	7.32

Continuing EPS
Earnings per Share - Basic	1.20p	10.70p	6.40p	2.90p	20.30p
Earnings per Share - Diluted	1.20p	10.60p	6.40p	2.90p	20.20p
Earnings per Share - Adjusted	3.00p	8.30p	8.00p	10.00p	18.30p
Continuing and Discontinued EPS
Earnings per Share - Basic	1.20p	10.20p	6.20p	2.90p	20.30p
Earnings per Share - Diluted	1.20p	10.10p	6.20p	2.90p	20.20p
Earnings per Share - Adjusted	3.00p	7.80p	7.80p	10.00p	18.30p

Dividend per Share	7.75p	10.00p	10.00p	10.00p	9.85p

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	13.83	14.61	15.13	16.70	20.08
Intangible Assets	19.86	20.44	20.89	21.43	21.38
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.02	0.02	0.02	0.02	0.02
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	3.49	0.74	3.26	3.50	5.55
	37.20	35.81	39.29	41.65	47.03
Current Assets
Inventories	14.14	12.44	11.65	12.52	12.93
Trade & Other Receivables	26.70	24.22	21.69	19.98	29.87
Cash at Bank & in Hand	6.55	5.04	5.62	1.02	5.53
Current Asset Investments	0.08	0.10	0.00	0.03	0.05
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	47.47	41.80	38.96	33.54	48.38

Total Assets	84.67	77.61	78.25	75.19	95.41

Liabilities
Current Liabilities
Borrowings	0.00	-1.05	0.00	-0.01	-0.02
Other Current Liabilities	-29.26	-24.56	-21.72	-18.12	-26.66
	-29.26	-25.60	-21.72	-18.12	-26.68

Net Current Assets	18.21	16.20	17.24	15.42	21.70

Non-Current Liabilities
Borrowings	-19.78	-14.72	-14.94	-11.33	-14.88
Provisions	-2.16	-2.46	-2.19	-2.40	-3.12
Other Non-Current Liabilities	-14.54	-2.85	-11.63	-12.50	-19.82
	-36.48	-20.04	-28.76	-26.24	-37.82

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-65.74	-45.64	-50.48	-44.36	-64.50

Net Assets	18.93	31.97	27.78	30.83	30.91

Capital & Reserves
Share Capital	4.52	4.52	4.52	4.52	4.52
Share Premium Account	0.45	0.45	0.45	0.45	0.38
Other Reserves	-0.60	-0.55	-0.71	0.48	1.04
Retained Earnings	14.57	27.55	23.49	25.35	24.95
Shareholders Funds	18.93	31.97	27.74	30.80	30.89

Minority Interests/Other Equity	0.00	0.00	0.03	0.03	0.02
Total Equity	18.93	31.97	27.78	30.83	30.91

Ratios - based on IFRS	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
PE Ratio - Adjusted	23.17	20.72	13.06	8.95	9.62
PEG - Adjusted	-0.36	5.53	-0.65	-0.20	0.19
Earnings per Share Growth - Adjusted	-63.86%	3.75%	-20.00%	-45.36%	51.24%
Dividend Cover	0.39	0.83	0.80	1.00	1.86
Revenue Per Share	310.31p	298.50p	243.58p	302.83p	348.86p
Pre-Tax Profit per Share	1.09p	15.04p	9.68p	5.01p	27.70p
Operating Margin	0.43%	5.19%	4.09%	1.53%	7.84%
Return on Capital Employed	1.38%	17.07%	10.26%	5.50%	21.50%

Continuing & Discontinued Operations
Dividend Yield	11.15%	5.81%	9.57%	11.17%	5.60%
Dividend per Share Growth	-22.50%	0.00%	0.00%	1.52%	4.79%
Net Asset Value per Share (exc. Intangibles)	-2.59p	31.88p	18.96p	25.93p	26.30p
Net Gearing	69.89%	33.57%	33.58%	33.50%	30.33%

Data is provided by Morningstar

ALUMASC GROUP - Fundamentals