OXIG OXFORD INSTRUMENTS PLC ORD 5P

OXFORD INSTRMNT Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	337.30	262.30	211.50	206.50	176.50
Operating Profit/(Loss)	34.70	27.50	10.20	2.00	8.40
Net Interest	1.00	1.20	1.30	1.50	1.70
Profit Before Tax	36.10	26.70	18.10	-9.30	5.00
Profit After Tax	24.80	32.20	13.30	-6.70	2.70
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	24.80	32.20	13.30	-6.70	2.70
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	24.80	32.20	13.30	-6.70	2.70

Continuing EPS
Earnings per Share - Basic	46.00p	65.30p	27.20p	-13.90p	5.60p
Earnings per Share - Diluted	45.00p	63.60p	27.10p	-13.90p	5.50p
Earnings per Share - Adjusted	61.60p	41.50p	17.80p	14.80p	11.70p
Continuing and Discontinued EPS
Earnings per Share - Basic	46.00p	65.30p	27.20p	-13.90p	5.60p
Earnings per Share - Diluted	45.00p	63.60p	27.10p	-13.90p	5.50p
Earnings per Share - Adjusted	61.60p	41.50p	17.80p	14.80p	11.70p

Dividend per Share	9.00p	8.40p	8.40p	8.40p	8.40p

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	28.20	23.60	22.80	23.50	22.40
Intangible Assets	78.10	41.60	49.30	54.90	44.00
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	19.30	17.40	12.90	11.30	10.20
	125.60	82.60	85.00	89.70	76.60
Current Assets
Inventories	59.30	46.60	39.30	39.90	34.90
Trade & Other Receivables	62.30	53.80	61.10	58.20	54.20
Cash at Bank & in Hand	35.10	24.50	11.20	13.30	7.90
Current Asset Investments	2.40	1.00	0.80	0.20	0.60
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	159.10	125.90	112.40	111.60	97.60

Total Assets	284.70	208.50	197.40	201.30	174.20

Liabilities
Current Liabilities
Borrowings	0.00	-0.90	-2.00	-9.80	-0.80
Other Current Liabilities	-112.60	-87.70	-80.90	-74.80	-56.30
	-112.60	-88.60	-82.90	-84.60	-57.10

Net Current Assets	46.50	37.30	29.50	27.00	40.50

Non-Current Liabilities
Borrowings	0.00	-10.50	-19.60	-31.80	-24.90
Provisions	-7.00	-4.10	-6.70	-7.60	-6.10
Other Non-Current Liabilities	-38.00	-11.80	-36.00	-15.40	-23.60
	-45.00	-26.40	-62.30	-54.80	-54.60

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-157.60	-115.00	-145.20	-139.40	-111.70

Net Assets	127.10	93.50	52.20	61.90	62.50

Capital & Reserves
Share Capital	2.80	2.50	2.50	2.50	2.50
Share Premium Account	60.20	22.50	21.60	21.30	21.20
Other Reserves	0.70	3.60	4.30	7.60	2.40
Retained Earnings	63.40	64.90	23.80	30.50	36.40
Shareholders Funds	127.10	93.50	52.20	61.90	62.50

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	127.10	93.50	52.20	61.90	62.50

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	19.72	16.87	15.11	7.42	15.81
PEG - Adjusted	0.41	0.13	0.75	0.28	0.72
Earnings per Share Growth - Adjusted	48.43%	133.15%	20.27%	26.50%	21.88%
Dividend Cover	6.84	4.94	2.12	1.76	1.39
Revenue Per Share	624.63p	532.05p	432.52p	423.16p	362.42p
Pre-Tax Profit per Share	66.85p	54.16p	37.01p	-19.06p	10.27p
Operating Margin	10.50%	10.64%	9.17%	-3.87%	3.63%
Return on Capital Employed	40.68%	35.27%	29.26%	-11.05%	9.37%

Continuing & Discontinued Operations
Dividend Yield	0.74%	1.20%	3.12%	7.65%	4.54%
Dividend per Share Growth	7.14%	0.00%	0.00%	0.00%	0.00%
Net Asset Value per Share (exc. Intangibles)	87.24p	103.44p	5.85p	14.17p	37.47p
Net Gearing	-27.62%	-14.01%	19.92%	45.72%	28.48%

Data is provided by Morningstar

OXFORD INSTRMNT - Fundamentals