AVON AVON RUBBER PLC ORD #1

AVON RBR. Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	30-Sep-12	30-Sep-11	30-Sep-10	30-Sep-09	30-Sep-08
Continuing Operations
Revenue	106.64	107.60	117.57	100.90	54.61
Operating Profit/(Loss)	11.62	11.14	9.26	2.97	-12.59
Net Interest	0.25	0.49	0.99	1.54	1.02
Profit Before Tax	11.01	10.21	7.13	1.86	-12.39
Profit After Tax	7.83	7.12	4.33	-0.14	-11.13
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	-2.02
PROFIT FOR THE PERIOD	7.83	7.12	4.33	-0.14	-13.16
Attributable to:
Minority Interests	0.00	0.00	0.00	-0.04	-0.01
Equity Holders of Parent Company	7.83	7.12	4.33	-0.18	-13.16

Continuing EPS
Earnings per Share - Basic	26.90p	25.20p	15.20p	-0.60p	-39.10p
Earnings per Share - Diluted	25.40p	23.30p	14.40p	-0.60p	-39.10p
Earnings per Share - Adjusted	32.30p	31.40p	21.90p	14.50p	-3.40p
Continuing and Discontinued EPS
Earnings per Share - Basic	26.90p	25.20p	15.20p	-0.60p	-68.40p
Earnings per Share - Diluted	25.40p	23.30p	14.40p	-0.60p	-68.40p
Earnings per Share - Adjusted	32.30p	31.40p	21.90p	14.50p	-10.50p

Dividend per Share	3.20p	2.50p	0.00p	0.00p	4.80p

Balance Sheet (£ m)	30-Sep-12	30-Sep-11	30-Sep-10	30-Sep-09	30-Sep-08
Assets
Non-Current Assets
Property, Plant & Equipment	17.88	16.72	16.97	15.26	15.49
Intangible Assets	13.28	10.47	8.79	9.94	9.55
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	0.00	0.28	0.00	0.00	43.66
	31.16	27.47	25.76	25.20	68.70
Current Assets
Inventories	15.45	10.68	11.53	9.53	10.13
Trade & Other Receivables	14.62	18.46	14.54	12.61	10.68
Cash at Bank & in Hand	0.18	0.56	0.58	1.04	0.77
Current Asset Investments	0.12	0.00	0.11	0.00	0.00
Other Current Assets	0.00	0.00	0.00	4.91	4.64
	30.36	29.70	26.76	28.10	26.23

Total Assets	61.52	57.17	52.52	53.30	94.93

Liabilities
Current Liabilities
Borrowings	0.00	-0.39	0.00	-14.70	-15.91
Other Current Liabilities	-21.52	-17.99	-18.17	-21.28	-16.74
	-21.52	-18.39	-18.17	-35.98	-32.65

Net Current Assets	8.84	11.31	8.58	-7.88	-6.42

Non-Current Liabilities
Borrowings	-8.90	-11.98	-13.17	0.00	0.00
Provisions	-4.96	-5.63	-5.27	-5.90	-18.86
Other Non-Current Liabilities	-2.24	0.00	-7.13	-9.15	-0.76
	-16.10	-17.61	-25.57	-15.06	-19.62

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-37.62	-35.99	-43.74	-51.03	-52.27

Net Assets	23.90	21.17	8.78	2.26	42.67

Capital & Reserves
Share Capital	30.72	30.72	30.72	29.14	29.14
Share Premium Account	34.71	34.71	34.71	34.71	34.71
Other Reserves	-0.05	0.87	0.51	0.48	-0.57
Retained Earnings	-41.48	-45.12	-57.16	-62.10	-21.18
Shareholders Funds	23.90	21.17	8.78	2.23	42.10

Minority Interests/Other Equity	0.00	0.00	0.00	0.04	0.56
Total Equity	23.90	21.17	8.78	2.26	42.67

Ratios - based on IFRS	30-Sep-12	30-Sep-11	30-Sep-10	30-Sep-09	30-Sep-08
Continuing Operations
PE Ratio - Adjusted	9.65	9.08	7.53	5.45	-20.44
PEG - Adjusted	3.36	0.21	0.15	-0.01	0.14
Earnings per Share Growth - Adjusted	2.87%	43.38%	51.03%	-526.47%	-150.00%
Dividend Cover	10.09	12.56	n/a	n/a	-0.71
Revenue Per Share	365.81p	380.62p	413.12p	354.36p	191.78p
Pre-Tax Profit per Share	37.75p	36.12p	25.07p	6.54p	-43.52p
Operating Margin	10.55%	9.84%	6.80%	3.26%	-21.05%
Return on Capital Employed	42.12%	37.27%	31.78%	15.40%	-16.57%

Continuing & Discontinued Operations
Dividend Yield	1.03%	0.88%	0.00%	0.00%	6.91%
Dividend per Share Growth	28.00%	n/a	n/a	-100.00%	-43.53%
Net Asset Value per Share (exc. Intangibles)	34.55p	34.84p	-0.06p	-26.46p	111.72p
Net Gearing	36.51%	55.81%	143.43%	613.75%	35.96%

Data is provided by Morningstar

AVON RBR. - Fundamentals