DCG DAIRY CREST GROUP PLC ORD 25P

DAIRY CREST Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	1632.10	1604.50	1629.70	1647.60	1569.70
Operating Profit/(Loss)	5.70	96.70	114.60	68.10	74.40
Net Interest	21.00	20.70	22.60	29.90	26.50
Profit Before Tax	-10.10	77.80	77.80	103.20	66.00
Profit After Tax	-17.10	57.50	52.50	74.30	53.50
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-17.10	57.50	52.50	74.30	53.50
Attributable to:
Minority Interests	0.00	0.00	1.50	1.10	-0.30
Equity Holders of Parent Company	-17.10	57.50	54.00	75.40	53.20

Continuing EPS
Earnings per Share - Basic	-12.80p	43.20p	40.60p	56.80p	40.20p
Earnings per Share - Diluted	-12.80p	42.30p	40.20p	56.30p	39.90p
Earnings per Share - Adjusted	49.40p	47.10p	44.50p	45.00p	51.70p
Continuing and Discontinued EPS
Earnings per Share - Basic	-12.80p	43.20p	40.60p	56.80p	41.10p
Earnings per Share - Diluted	-12.80p	42.30p	40.20p	56.30p	40.80p
Earnings per Share - Adjusted	49.40p	47.10p	44.50p	45.00p	51.70p

Dividend per Share	19.90p	19.10p	18.30p	24.40p	23.30p

Balance Sheet (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Assets
Non-Current Assets
Property, Plant & Equipment	253.90	262.10	259.70	284.00	305.00
Intangible Assets	430.50	515.30	522.80	542.10	485.20
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.50	1.00	0.00	2.90	5.30
Other Financial Assets	16.60	18.00	25.40	39.50	0.00
Other Non-Current Assets	30.30	23.60	11.90	8.50	56.10
	731.80	820.00	819.80	877.00	851.60
Current Assets
Inventories	187.80	164.50	153.70	197.80	159.50
Trade & Other Receivables	131.50	147.10	135.50	137.80	186.10
Cash at Bank & in Hand	79.40	49.90	20.00	107.50	40.30
Current Asset Investments	0.30	1.00	0.10	1.30	1.10
Other Current Assets	0.00	0.00	18.80	0.00	0.00
	399.00	362.50	328.10	444.40	387.00

Total Assets	1130.80	1182.50	1147.90	1321.40	1238.60

Liabilities
Current Liabilities
Borrowings	-2.00	-68.00	-2.30	-2.00	-28.90
Other Current Liabilities	-270.00	-286.70	-250.70	-241.80	-240.00
	-272.00	-354.70	-253.00	-243.80	-268.90

Net Current Assets	127.00	7.80	75.10	200.60	118.10

Non-Current Liabilities
Borrowings	-419.70	-305.30	-382.90	-553.40	-470.40
Provisions	-69.40	-86.30	-65.80	-91.20	-96.30
Other Non-Current Liabilities	-95.40	-70.70	-153.40	-76.00	-15.30
	-584.50	-462.30	-602.10	-720.60	-582.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-856.50	-817.00	-855.10	-964.40	-850.90

Net Assets	274.30	365.50	292.80	357.00	387.70

Capital & Reserves
Share Capital	33.30	33.30	33.30	33.30	33.30
Share Premium Account	70.90	70.80	70.70	70.70	70.20
Other Reserves	48.40	63.50	65.70	75.50	63.30
Retained Earnings	121.70	197.90	120.10	172.80	215.80
Shareholders Funds	274.30	365.50	289.80	352.30	382.60

Minority Interests/Other Equity	0.00	0.00	3.00	4.70	5.10
Total Equity	274.30	365.50	292.80	357.00	387.70

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	6.74	7.63	8.36	5.85	9.07
PEG - Adjusted	1.38	1.31	-7.53	-0.45	1.47
Earnings per Share Growth - Adjusted	4.88%	5.84%	-1.11%	-12.96%	6.16%
Dividend Cover	2.48	2.47	2.43	1.84	2.22
Revenue Per Share	1225.30p	1204.58p	1225.34p	1240.66p	1186.47p
Pre-Tax Profit per Share	-7.58p	58.41p	58.50p	77.71p	49.89p
Operating Margin	0.67%	6.14%	7.12%	7.60%	5.38%
Return on Capital Employed	2.63%	26.63%	27.63%	25.36%	18.50%

Continuing & Discontinued Operations
Dividend Yield	5.97%	5.32%	4.92%	9.27%	4.97%
Dividend per Share Growth	4.19%	4.37%	-25.00%	4.72%	6.39%
Net Asset Value per Share (exc. Intangibles)	-117.13p	-112.37p	-174.84p	-142.42p	-77.11p
Net Gearing	124.79%	88.48%	126.02%	127.14%	119.97%

Data is provided by Morningstar

DCG DAIRY CREST GROUP PLC ORD 25P

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