ESR ENSOR HOLDINGS PLC ORD 10P

ENSOR HLDGS Currency GBX

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	22.85	19.38	19.44	21.71	23.29
Operating Profit/(Loss)	1.29	0.77	0.50	0.64	1.82
Net Interest	0.07	0.08	0.09	0.11	0.19
Profit Before Tax	1.12	0.62	0.26	0.50	1.63
Profit After Tax	0.91	0.43	0.38	0.45	1.15
Discontinued Operations
Profit After Tax	0.17	0.18	0.00	-1.25	0.04
PROFIT FOR THE PERIOD	1.09	0.61	0.38	-0.80	1.19
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	1.09	0.61	0.38	-0.80	1.19

Continuing EPS
Earnings per Share - Basic	3.10p	1.50p	1.30p	1.50p	3.90p
Earnings per Share - Diluted	3.10p	1.50p	1.30p	1.50p	3.80p
Earnings per Share - Adjusted	3.10p	1.50p	1.30p	1.50p	3.90p
Continuing and Discontinued EPS
Earnings per Share - Basic	0.30p	2.10p	1.30p	-9.30p	4.00p
Earnings per Share - Diluted	0.30p	2.10p	1.30p	-9.30p	3.90p
Earnings per Share - Adjusted	3.68p	2.10p	1.30p	-2.75p	4.03p

Dividend per Share	0.63p	0.33p	0.00p	0.78p	1.12p

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	6.75	4.11	4.12	4.23	5.97
Intangible Assets	2.77	2.44	2.44	2.44	3.15
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	0.81	0.78	0.89	0.77	0.00
	10.33	7.33	7.44	7.44	9.12
Current Assets
Inventories	3.01	2.39	2.45	2.77	4.42
Trade & Other Receivables	6.51	4.60	4.19	4.57	5.64
Cash at Bank & in Hand	0.00	0.14	0.00	0.00	0.00
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	1.17	0.54	0.74	1.05	0.00
	10.68	7.67	7.38	8.39	10.06

Total Assets	21.01	14.99	14.82	15.83	19.17

Liabilities
Current Liabilities
Borrowings	-1.71	0.00	-1.03	-2.10	-1.21
Other Current Liabilities	-6.16	-3.77	-2.84	-3.14	-5.23
	-7.86	-3.77	-3.87	-5.24	-6.43

Net Current Assets	2.82	3.90	3.51	3.15	3.63

Non-Current Liabilities
Borrowings	-1.01	0.00	0.00	0.00	0.00
Provisions	-0.07	0.00	0.00	-0.12	-0.12
Other Non-Current Liabilities	-4.12	-3.13	-3.17	-2.75	-0.57
	-5.19	-3.13	-3.17	-2.87	-0.69

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-13.05	-6.89	-7.03	-8.11	-7.12

Net Assets	7.96	8.10	7.79	7.72	12.05

Capital & Reserves
Share Capital	3.06	2.95	2.95	2.95	2.95
Share Premium Account	0.56	0.47	0.47	0.47	0.47
Other Reserves	0.06	0.55	0.57	0.57	0.87
Retained Earnings	4.28	4.14	3.80	3.74	7.77
Shareholders Funds	7.96	8.10	7.79	7.72	12.05

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	7.96	8.10	7.79	7.72	12.05

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	13.55	14.00	8.85	11.33	7.31
PEG - Adjusted	0.13	0.91	-0.66	-0.18	0.40
Earnings per Share Growth - Adjusted	106.67%	15.38%	-13.33%	-61.54%	18.18%
Dividend Cover	4.96	4.62	n/a	1.92	3.48
Revenue Per Share	76.47p	65.81p	66.03p	73.71p	79.09p
Pre-Tax Profit per Share	3.74p	2.12p	0.87p	1.70p	5.53p
Operating Margin	5.89%	4.53%	0.74%	2.15%	7.27%
Return on Capital Employed	10.61%	8.03%	3.62%	5.94%	16.84%

Continuing & Discontinued Operations
Dividend Yield	1.49%	1.55%	0.00%	4.59%	3.93%
Dividend per Share Growth	92.31%	n/a	-100.00%	-30.36%	10.89%
Net Asset Value per Share (exc. Intangibles)	16.94p	19.23p	18.17p	17.94p	30.24p
Net Gearing	34.09%	-1.69%	13.23%	27.18%	10.01%

Data is provided by Morningstar

ENSOR HLDGS - Fundamentals