ITE ITE GROUP PLC ORD 1P

ITE GRP. 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	172.31	155.46	113.55	116.73	109.79
Operating Profit/(Loss)	38.97	40.00	29.93	42.94	36.43
Net Interest	1.09	1.08	0.58	0.41	0.60
Profit Before Tax	40.47	39.09	31.28	41.45	34.42
Profit After Tax	32.53	30.80	23.97	30.66	23.37
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	32.53	30.80	23.97	30.66	23.37
Attributable to:
Minority Interests	-1.05	-0.08	-0.09	-0.23	0.02
Equity Holders of Parent Company	31.49	30.72	23.87	30.44	23.39

Continuing EPS
Earnings per Share - Basic	13.00p	12.80p	10.00p	12.80p	9.40p
Earnings per Share - Diluted	12.80p	12.60p	9.80p	12.70p	9.30p
Earnings per Share - Adjusted	17.10p	17.00p	11.80p	14.20p	10.20p
Continuing and Discontinued EPS
Earnings per Share - Basic	13.00p	12.80p	10.00p	12.80p	9.40p
Earnings per Share - Diluted	12.80p	12.60p	9.80p	12.70p	9.30p
Earnings per Share - Adjusted	17.10p	17.00p	11.80p	14.20p	10.20p

Dividend per Share	6.30p	5.90p	5.60p	5.30p	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	2.35	1.68	1.74	1.45	1.73
Intangible Assets	131.02	129.55	79.41	60.63	57.10
Investment Properties	0.00	0.40	0.00	0.00	0.00
Investments	0.60	0.10	0.00	1.84	1.38
Other Financial Assets	2.14	0.08	0.18	0.07	0.00
Other Non-Current Assets	5.77	6.16	7.83	3.26	2.60
	141.87	138.37	89.16	67.25	62.80
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	51.70	52.55	39.10	34.92	43.26
Cash at Bank & in Hand	41.73	33.96	33.16	32.59	35.71
Current Asset Investments	2.13	0.22	0.95	0.23	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	95.56	86.73	73.21	67.73	78.97

Total Assets	237.43	225.09	162.37	134.97	141.77

Liabilities
Current Liabilities
Borrowings	-28.72	-13.95	-10.18	-9.48	-6.57
Other Current Liabilities	-89.40	-89.10	-70.99	-63.19	-86.95
	-118.13	-103.05	-81.17	-72.67	-93.51

Net Current Assets	-22.57	-16.32	-7.96	-4.94	-14.54

Non-Current Liabilities
Borrowings	0.00	-14.48	0.00	0.00	0.00
Provisions	-15.01	-13.93	-6.90	-4.74	-4.27
Other Non-Current Liabilities	-4.47	-12.71	-1.73	-0.86	0.00
	-19.48	-41.13	-8.62	-5.60	-4.27

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-137.60	-144.18	-89.79	-78.27	-97.78

Net Assets	99.83	80.91	72.58	56.71	43.99

Capital & Reserves
Share Capital	2.49	2.49	2.48	2.48	2.48
Share Premium Account	2.79	2.72	2.70	2.68	2.67
Other Reserves	-13.34	-18.41	-2.04	-11.24	-5.04
Retained Earnings	101.18	87.06	68.32	60.52	42.69
Shareholders Funds	93.13	73.85	71.46	54.44	42.79

Minority Interests/Other Equity	6.70	7.06	1.12	2.27	1.19
Total Equity	99.83	80.91	72.58	56.71	43.99

Ratios - based on IFRS	30-Sep-12	30-Sep-11	30-Sep-10	30-Sep-09	30-Sep-08
Continuing Operations
PE Ratio - Adjusted	12.05	9.30	15.12	8.61	11.86
PEG - Adjusted	20.42	0.21	-0.89	0.22	1.90
Earnings per Share Growth - Adjusted	0.59%	44.07%	-16.90%	39.22%	6.25%
Dividend Cover	2.71	2.88	2.11	2.68	2.13
Revenue Per Share	71.17p	64.87p	47.57p	49.04p	43.98p
Pre-Tax Profit per Share	16.72p	16.31p	13.10p	17.41p	13.79p
Operating Margin	23.16%	25.56%	27.64%	34.77%	30.00%
Return on Capital Employed	331.34%	-640.25%	310.86%	406.25%	-1540.39%

Continuing & Discontinued Operations
Dividend Yield	3.06%	3.73%	3.14%	4.34%	3.97%
Dividend per Share Growth	6.78%	5.36%	5.66%	10.42%	26.32%
Net Asset Value per Share (exc. Intangibles)	-15.22p	-22.41p	-3.20p	-2.50p	-5.77p
Net Gearing	-13.97%	-7.49%	-32.16%	-42.45%	-68.10%

Data is provided by Morningstar

ITE GRP. - Fundamentals