IGR INTERNATIONAL GREETINGS PLC ORD 5P

INTL.GREETINGS Currency GBX

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	220.76	216.86	198.25	216.92	191.71
Operating Profit/(Loss)	6.81	7.18	5.39	-17.47	-8.10
Net Interest	3.46	3.05	2.82	3.84	3.68
Profit Before Tax	3.17	4.27	2.42	-22.78	-11.37
Profit After Tax	1.42	4.96	2.46	-24.39	-8.50
Discontinued Operations
Profit After Tax	0.00	-0.10	-0.49	-2.65	-1.43
PROFIT FOR THE PERIOD	1.42	4.86	1.97	-27.04	-9.93
Attributable to:
Minority Interests	-1.24	-0.85	-0.65	0.00	0.00
Equity Holders of Parent Company	0.18	4.01	1.32	-27.04	-9.93

Continuing EPS
Earnings per Share - Basic	0.30p	7.70p	3.60p	-50.80p	-18.20p
Earnings per Share - Diluted	0.30p	7.10p	3.30p	-50.80p	-18.20p
Earnings per Share - Adjusted	7.20p	8.90p	4.40p	-1.00p	-13.90p
Continuing and Discontinued EPS
Earnings per Share - Basic	0.30p	7.50p	0.10p	-59.00p	-27.60p
Earnings per Share - Diluted	0.30p	6.90p	0.10p	-59.00p	-27.60p
Earnings per Share - Adjusted	7.20p	8.70p	3.42p	-6.52p	-16.96p

Dividend per Share	0.00p	0.00p	0.00p	0.00p	9.75p

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	31.53	31.52	34.20	39.72	42.87
Intangible Assets	32.92	33.39	33.14	30.38	35.54
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	3.09	3.11
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	4.64	4.62	3.50	3.07	4.17
	69.09	69.52	70.84	76.26	85.69
Current Assets
Inventories	42.63	45.58	44.91	51.91	57.02
Trade & Other Receivables	20.94	21.49	21.42	28.46	33.53
Cash at Bank & in Hand	3.17	1.89	2.05	2.06	2.14
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.50	0.00	0.00	1.72
	66.74	69.46	68.38	82.44	94.41

Total Assets	135.83	138.98	139.22	158.70	180.10

Liabilities
Current Liabilities
Borrowings	-11.27	-38.12	-42.66	-61.91	-78.83
Other Current Liabilities	-35.05	-35.52	-36.25	-38.83	-23.22
	-46.33	-73.64	-78.91	-100.74	-102.05

Net Current Assets	20.41	-4.18	-10.53	-18.30	-7.64

Non-Current Liabilities
Borrowings	-34.07	-8.75	-9.65	-12.35	-4.65
Provisions	-1.00	-1.85	-1.72	-1.07	-1.35
Other Non-Current Liabilities	-1.88	-2.43	-2.98	-3.80	-4.75
	-36.95	-13.03	-14.35	-17.22	-10.75

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-83.28	-86.67	-93.26	-117.95	-112.80

Net Assets	52.55	52.31	45.96	40.74	67.30

Capital & Reserves
Share Capital	2.75	2.70	2.61	2.43	2.35
Share Premium Account	3.14	3.05	3.01	3.01	3.01
Other Reserves	18.50	19.16	17.92	16.38	15.26
Retained Earnings	23.41	23.19	19.07	18.93	46.68
Shareholders Funds	47.80	48.09	42.60	40.74	67.30

Minority Interests/Other Equity	4.74	4.22	3.35	0.00	0.00
Total Equity	52.55	52.31	45.96	40.74	67.30

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	6.70	8.37	12.84	-19.50	-1.44
PEG - Adjusted	-0.35	0.08	-0.02	0.21	0.01
Earnings per Share Growth - Adjusted	-19.10%	102.27%	-540.00%	-92.81%	-147.28%
Dividend Cover	n/a	n/a	n/a	n/a	-1.43
Revenue Per Share	407.25p	408.19p	393.54p	451.74p	409.64p
Pre-Tax Profit per Share	5.85p	8.03p	4.80p	-47.43p	-24.29p
Operating Margin	2.97%	3.34%	2.43%	-8.84%	-4.28%
Return on Capital Employed	10.05%	10.81%	7.83%	-22.10%	-6.59%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	0.00%	0.00%	48.75%
Dividend per Share Growth	n/a	n/a	n/a	-100.00%	5.41%
Net Asset Value per Share (exc. Intangibles)	27.07p	27.25p	18.15p	21.37p	67.49p
Net Gearing	88.22%	93.55%	117.97%	177.21%	120.87%

Data is provided by Morningstar

INTL.GREETINGS - Fundamentals