BVS BOVIS HOMES GROUP PLC ORD 50P

BOVIS HOMES Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	425.53	364.78	298.64	281.51	282.33
Operating Profit/(Loss)	56.81	36.36	21.63	18.87	-71.83
Net Interest	5.71	6.89	3.14	10.17	5.83
Profit Before Tax	54.12	32.10	18.50	4.80	-78.73
Profit After Tax	40.86	23.27	14.04	3.49	-59.00
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	40.86	23.27	14.04	3.49	-59.00
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	40.86	23.27	14.04	3.49	-59.00

Continuing EPS
Earnings per Share - Basic	30.70p	17.50p	10.60p	2.80p	-49.10p
Earnings per Share - Diluted	30.60p	17.50p	10.60p	2.80p	-49.10p
Earnings per Share - Adjusted	30.70p	17.50p	10.60p	4.40p	9.20p
Continuing and Discontinued EPS
Earnings per Share - Basic	30.70p	17.50p	10.60p	2.80p	-49.10p
Earnings per Share - Diluted	30.60p	17.50p	10.60p	2.80p	-49.10p
Earnings per Share - Adjusted	30.70p	17.50p	10.60p	4.40p	9.20p

Dividend per Share	6.50p	4.50p	0.00p	0.00p	22.50p

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	11.91	11.61	11.31	11.57	12.35
Intangible Assets	0.00	0.00	0.00	0.00	0.00
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	5.39	5.33	4.85	0.02	0.02
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	50.05	44.83	47.27	29.95	14.00
	67.35	61.77	63.43	41.55	26.37
Current Assets
Inventories	863.60	797.76	764.36	630.71	780.81
Trade & Other Receivables	64.84	77.42	37.27	31.60	61.50
Cash at Bank & in Hand	24.40	56.18	67.00	114.60	11.63
Current Asset Investments	7.12	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	959.96	931.36	868.63	776.91	853.94

Total Assets	1027.30	993.12	932.06	818.45	880.30

Liabilities
Current Liabilities
Borrowings	0.00	0.00	-0.09	0.00	0.00
Other Current Liabilities	-206.62	-208.24	-142.36	-89.86	-102.98
	-206.62	-208.24	-142.45	-89.86	-102.98

Net Current Assets	753.34	723.12	726.18	687.04	750.96

Non-Current Liabilities
Borrowings	-5.19	-5.00	-15.23	-2.00	-111.73
Provisions	-1.67	-1.78	-2.00	-1.70	-1.62
Other Non-Current Liabilities	-54.97	-49.55	-61.56	-32.32	-31.70
	-61.83	-56.32	-78.79	-36.02	-145.05

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-268.45	-264.55	-221.24	-125.89	-248.03

Net Assets	758.85	728.57	710.82	692.57	632.28

Capital & Reserves
Share Capital	66.91	66.84	66.61	66.57	60.50
Share Premium Account	212.55	212.06	210.41	210.18	157.13
Other Reserves	0.00	0.00	0.00	0.00	0.00
Retained Earnings	479.39	449.67	433.80	415.82	414.65
Shareholders Funds	758.85	728.57	710.82	692.57	632.28

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	758.85	728.57	710.82	692.57	632.28

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	18.73	25.10	39.05	98.80	43.51
PEG - Adjusted	0.25	0.39	0.28	-1.89	-0.50
Earnings per Share Growth - Adjusted	75.43%	65.09%	140.91%	-52.17%	-87.29%
Dividend Cover	4.72	3.89	n/a	n/a	0.41
Revenue Per Share	319.24p	274.56p	225.10p	226.69p	234.75p
Pre-Tax Profit per Share	40.60p	24.16p	13.95p	3.86p	-65.46p
Operating Margin	13.35%	9.86%	6.68%	4.56%	-26.06%
Return on Capital Employed	7.78%	5.28%	2.96%	2.12%	-9.69%

Continuing & Discontinued Operations
Dividend Yield	1.13%	1.02%	0.00%	0.00%	5.62%
Dividend per Share Growth	44.44%	n/a	n/a	-100.00%	-40.00%
Net Asset Value per Share (exc. Intangibles)	567.08p	545.04p	533.57p	520.18p	522.57p
Net Gearing	-2.53%	-7.02%	-7.27%	-16.26%	15.83%

Data is provided by Morningstar

BVS BOVIS HOMES GROUP PLC ORD 50P

BOVIS HOMES - Fundamentals