MKLW MUCKLOW (A & J) GROUP PLC ORD 25P

MUCKLOW (A&J) Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
Revenue	20.16	18.34	17.00	16.57	15.77
Operating Profit/(Loss)	3.21	15.80	38.61	-50.61	-26.17
Net Interest	2.97	2.75	1.93	1.70	0.56
Profit Before Tax	0.11	12.89	35.96	-52.00	-26.71
Profit After Tax	0.17	13.47	36.54	-52.02	-27.26
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	0.17	13.47	36.54	-52.02	-27.26
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	0.17	13.47	36.54	-52.02	-27.26

Continuing EPS
Earnings per Share - Basic	0.28p	22.43p	60.91p	-86.71p	-45.44p
Earnings per Share - Diluted	0.28p	22.43p	60.91p	-86.71p	-45.44p
Earnings per Share - Adjusted	22.59p	21.36p	20.20p	19.12p	23.13p
Continuing and Discontinued EPS
Earnings per Share - Basic	0.28p	22.43p	60.91p	-86.71p	-45.44p
Earnings per Share - Diluted	0.28p	22.43p	60.91p	-86.71p	-45.44p
Earnings per Share - Adjusted	22.59p	21.36p	20.20p	19.12p	23.13p

Dividend per Share	18.76p	18.21p	17.68p	25.71p	8.04p

Balance Sheet (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Assets
Non-Current Assets
Property, Plant & Equipment	-250.59	-258.80	-234.14	-198.34	-261.33
Intangible Assets	0.00	0.00	0.00	0.00	0.00
Investment Properties	251.79	260.20	235.59	199.66	262.99
Investments	0.00	0.00	0.00	0.00	0.00
Other Financial Assets	0.02	0.16	0.36	0.00	0.00
Other Non-Current Assets	0.32	0.51	0.29	0.32	0.33
	253.33	262.28	237.70	201.30	264.98
Current Assets
Inventories	0.45	0.56	0.55	0.97	0.91
Trade & Other Receivables	1.55	3.07	5.52	4.93	3.99
Cash at Bank & in Hand	1.22	1.45	0.89	2.35	2.20
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	3.22	5.08	6.96	8.25	7.11

Total Assets	256.55	267.35	244.65	209.55	272.09

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	-0.08
Other Current Liabilities	-8.78	-9.61	-8.18	-9.50	-17.87
	-8.78	-9.61	-8.18	-9.50	-17.95

Net Current Assets	-5.56	-4.53	-1.23	-1.25	-10.84

Non-Current Liabilities
Borrowings	-70.20	-69.13	-49.89	-39.65	-30.64
Provisions	0.00	0.00	0.00	0.00	-0.14
Other Non-Current Liabilities	0.00	0.00	-0.68	-0.68	-0.68
	-70.20	-69.13	-50.56	-40.32	-31.46

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-78.98	-78.74	-58.75	-49.82	-49.41

Net Assets	177.57	188.62	185.91	159.73	222.68

Capital & Reserves
Share Capital	15.04	15.02	15.00	15.00	15.00
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	11.57	11.69	11.67	11.88	12.27
Retained Earnings	150.96	161.91	159.24	132.86	195.42
Shareholders Funds	177.57	188.62	185.91	159.73	222.68

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	177.57	188.62	185.91	159.73	222.68

Ratios - based on IFRS	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
PE Ratio - Adjusted	16.33	14.98	13.17	13.08	12.97
PEG - Adjusted	2.84	2.61	2.33	-0.75	-7.81
Earnings per Share Growth - Adjusted	5.76%	5.74%	5.65%	-17.34%	-1.66%
Dividend Cover	1.20	1.17	1.14	0.74	2.88
Revenue Per Share	33.52p	30.55p	28.34p	27.63p	26.29p
Pre-Tax Profit per Share	0.18p	21.47p	59.94p	-86.68p	-44.52p
Operating Margin	14.96%	84.02%	222.73%	-305.64%	-166.19%
Return on Capital Employed	1.24%	6.07%	16.07%	-25.23%	-10.31%

Continuing & Discontinued Operations
Dividend Yield	5.08%	5.69%	6.65%	10.28%	2.68%
Dividend per Share Growth	3.02%	3.00%	-31.23%	219.78%	-43.26%
Net Asset Value per Share (exc. Intangibles)	295.07p	313.91p	309.89p	266.26p	371.18p
Net Gearing	38.85%	35.88%	26.36%	23.35%	12.80%

Data is provided by Morningstar

MUCKLOW (A&J) - Fundamentals