GDWN GOODWIN PLC ORD 10P

GOODWIN Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Continuing Operations
Revenue	107.91	92.91	93.00	100.68	80.58
Operating Profit/(Loss)	13.09	8.86	14.04	13.82	10.66
Net Interest	0.95	0.68	0.58	0.66	0.75
Profit Before Tax	12.27	8.15	13.31	13.12	9.82
Profit After Tax	9.34	4.24	9.33	9.11	6.78
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	9.34	4.24	9.33	9.11	6.78
Attributable to:
Minority Interests	-0.38	-0.58	-0.82	-0.33	-0.22
Equity Holders of Parent Company	8.95	3.66	8.51	8.78	6.56

Continuing EPS
Earnings per Share - Basic	124.33p	50.89p	118.15p	121.93p	91.14p
Earnings per Share - Diluted	124.33p	50.89p	118.15p	121.93p	91.14p
Earnings per Share - Adjusted	124.33p	50.89p	118.15p	121.93p	91.14p
Continuing and Discontinued EPS
Earnings per Share - Basic	124.33p	50.89p	118.15p	121.93p	91.14p
Earnings per Share - Diluted	124.33p	50.89p	118.15p	121.93p	91.14p
Earnings per Share - Adjusted	124.33p	50.89p	118.15p	121.93p	91.14p

Dividend per Share	29.17p	27.78p	27.78p	23.00p	18.40p

Balance Sheet (£ m)	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Assets
Non-Current Assets
Property, Plant & Equipment	24.35	23.75	23.26	20.69	16.38
Intangible Assets	12.53	12.30	10.67	10.84	5.33
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	1.24	1.14	0.92	0.67	0.00
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	1.86	1.68	0.00	0.61	0.00
	39.98	38.87	34.85	32.81	21.71
Current Assets
Inventories	32.56	25.10	18.09	16.53	15.04
Trade & Other Receivables	24.33	25.66	21.82	21.92	20.62
Cash at Bank & in Hand	5.78	4.05	10.71	10.24	1.81
Current Asset Investments	1.41	4.35	0.64	0.71	0.15
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	64.08	59.16	51.25	49.40	37.62

Total Assets	104.05	98.03	86.10	82.20	59.33

Liabilities
Current Liabilities
Borrowings	-0.98	-1.06	-1.03	-1.52	-4.08
Other Current Liabilities	-34.50	-31.06	-27.09	-37.33	-27.04
	-35.48	-32.12	-28.11	-38.85	-31.12

Net Current Assets	28.60	27.04	23.13	10.55	6.51

Non-Current Liabilities
Borrowings	-16.47	-12.33	-10.36	-8.31	-0.83
Provisions	-2.83	-4.38	-1.55	0.00	-0.97
Other Non-Current Liabilities	-0.57	-3.53	-5.91	-5.56	-1.61
	-19.87	-20.24	-17.82	-13.87	-3.41

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-55.35	-52.36	-45.93	-52.71	-34.52

Net Assets	48.71	45.66	40.17	29.49	24.81

Capital & Reserves
Share Capital	0.72	0.72	0.72	0.72	0.72
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	0.60	4.64	1.13	-4.29	-0.64
Retained Earnings	43.72	36.87	35.08	30.58	23.45
Shareholders Funds	45.04	42.23	36.93	27.01	23.53

Minority Interests/Other Equity	3.67	3.44	3.24	2.48	1.28
Total Equity	48.71	45.66	40.17	29.49	24.81

Ratios - based on IFRS	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Continuing Operations
PE Ratio - Adjusted	10.68	27.24	9.97	7.57	12.40
PEG - Adjusted	0.07	-0.48	-3.22	0.22	0.31
Earnings per Share Growth - Adjusted	144.31%	-56.93%	-3.10%	33.78%	40.00%
Dividend Cover	4.26	1.83	4.25	5.30	4.95
Revenue Per Share	1498.76p	1290.39p	1291.61p	1398.39p	1119.14p
Pre-Tax Profit per Share	170.46p	113.17p	184.88p	182.15p	136.36p
Operating Margin	11.89%	9.14%	14.69%	13.51%	13.11%
Return on Capital Employed	23.42%	17.27%	32.74%	48.37%	41.66%

Continuing & Discontinued Operations
Dividend Yield	2.20%	2.00%	2.36%	2.49%	1.63%
Dividend per Share Growth	5.00%	0.00%	20.75%	25.00%	20.44%
Net Asset Value per Share (exc. Intangibles)	451.47p	415.64p	364.67p	224.56p	252.79p
Net Gearing	25.91%	22.11%	1.83%	-1.54%	13.17%

Data is provided by Morningstar

GOODWIN - Fundamentals