HYD HYDRO INTERNATIONAL PLC ORD 5P

HYDRO INTL Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	34.70	31.06	28.17	27.33	30.01
Operating Profit/(Loss)	2.29	2.73	2.44	2.04	2.82
Net Interest	0.04	0.06	0.07	0.08	0.14
Profit Before Tax	2.26	2.46	2.38	1.83	2.66
Profit After Tax	1.70	1.71	1.49	1.14	1.75
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	1.70	1.71	1.49	1.14	1.75
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	1.70	1.71	1.49	1.14	1.75

Continuing EPS
Earnings per Share - Basic	11.86p	11.95p	10.43p	7.97p	12.27p
Earnings per Share - Diluted	11.60p	11.75p	10.40p	7.95p	12.17p
Earnings per Share - Adjusted	12.71p	12.86p	11.54p	8.42p	13.98p
Continuing and Discontinued EPS
Earnings per Share - Basic	11.86p	11.95p	10.43p	7.97p	12.27p
Earnings per Share - Diluted	11.60p	11.75p	10.40p	7.95p	12.17p
Earnings per Share - Adjusted	12.71p	12.86p	11.54p	8.42p	13.98p

Dividend per Share	3.60p	3.30p	3.00p	3.00p	2.80p

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	2.02	2.18	1.83	1.81	2.03
Intangible Assets	6.66	7.13	7.27	7.41	8.44
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	0.72	0.60	0.90	0.84	0.26
	9.40	9.92	9.99	10.06	10.73
Current Assets
Inventories	0.91	0.64	0.66	0.55	0.69
Trade & Other Receivables	13.79	8.28	8.40	8.44	9.43
Cash at Bank & in Hand	4.27	7.52	6.99	5.04	5.81
Current Asset Investments	0.02	0.00	0.14	0.01	0.02
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	18.99	16.44	16.20	14.04	15.95

Total Assets	28.40	26.35	26.19	24.09	26.67

Liabilities
Current Liabilities
Borrowings	-0.46	-0.77	-0.77	-3.56	-0.82
Other Current Liabilities	-11.93	-9.55	-10.35	-8.51	-10.18
	-12.39	-10.33	-11.12	-12.07	-11.00

Net Current Assets	6.60	6.11	5.08	1.96	4.95

Non-Current Liabilities
Borrowings	-0.87	-1.40	-2.15	0.00	-3.94
Provisions	-1.23	-1.51	-0.82	-0.86	-0.92
Other Non-Current Liabilities	0.00	-0.22	-0.54	-0.77	-0.99
	-2.09	-3.12	-3.52	-1.64	-5.84

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-14.48	-13.45	-14.63	-13.71	-16.84

Net Assets	13.91	12.90	11.56	10.38	9.83

Capital & Reserves
Share Capital	0.72	0.72	0.71	0.71	0.71
Share Premium Account	1.01	1.01	0.98	0.98	0.97
Other Reserves	0.21	0.41	0.39	0.30	0.49
Retained Earnings	11.98	10.77	9.48	8.39	7.66
Shareholders Funds	13.91	12.90	11.56	10.38	9.83

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	13.91	12.90	11.56	10.38	9.83

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	9.72	10.03	8.58	11.28	7.33
PEG - Adjusted	-8.31	0.88	0.23	-0.28	0.44
Earnings per Share Growth - Adjusted	-1.17%	11.44%	37.05%	-39.77%	16.79%
Dividend Cover	3.53	3.90	3.85	2.81	4.99
Revenue Per Share	241.57p	216.45p	197.27p	191.55p	210.69p
Pre-Tax Profit per Share	15.76p	17.13p	16.67p	12.80p	18.65p
Operating Margin	6.60%	8.05%	8.65%	6.91%	8.89%
Return on Capital Employed	23.50%	26.61%	30.52%	25.76%	39.59%

Continuing & Discontinued Operations
Dividend Yield	2.91%	2.56%	3.03%	3.16%	2.73%
Dividend per Share Growth	9.09%	10.00%	0.00%	7.14%	21.74%
Net Asset Value per Share (exc. Intangibles)	50.47p	40.20p	30.02p	20.82p	9.74p
Net Gearing	-21.15%	-41.48%	-35.23%	-14.26%	-10.69%

Data is provided by Morningstar

HYDRO INTL - Fundamentals