RSW RENISHAW PLC ORD 20P

RENISHAW 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	331.89	288.75	181.61	171.25	201.16
Operating Profit/(Loss)	83.19	80.95	26.43	1.87	38.68
Net Interest	0.30	0.21	0.18	0.26	0.14
Profit Before Tax	86.05	82.08	27.06	4.72	43.06
Profit After Tax	69.04	65.73	21.31	3.60	34.62
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	69.04	65.73	21.31	3.60	34.62
Attributable to:
Minority Interests	0.52	0.38	0.50	0.27	0.10
Equity Holders of Parent Company	69.56	66.12	21.81	3.87	34.72

Continuing EPS
Earnings per Share - Basic	95.60p	90.80p	29.30p	4.90p	47.60p
Earnings per Share - Diluted	95.60p	90.80p	29.30p	4.90p	47.60p
Earnings per Share - Adjusted	95.60p	88.50p	31.60p	9.30p	45.90p
Continuing and Discontinued EPS
Earnings per Share - Basic	95.60p	90.80p	29.30p	4.90p	47.60p
Earnings per Share - Diluted	95.60p	90.80p	29.30p	4.90p	47.60p
Earnings per Share - Adjusted	95.60p	88.50p	31.60p	9.30p	45.90p

Dividend per Share	35.00p	23.90p	4.00p	25.39p	23.58p

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	96.98	77.51	70.08	73.10	68.20
Intangible Assets	54.41	47.10	28.61	27.68	19.09
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	6.79	7.44	5.15	7.09	6.79
Other Financial Assets	3.53	0.68	4.00	4.02	0.00
Other Non-Current Assets	21.77	28.59	20.51	14.65	10.59
	183.48	161.31	128.36	126.54	104.66
Current Assets
Inventories	53.98	49.81	30.88	29.16	34.22
Trade & Other Receivables	96.79	72.12	52.45	29.31	48.33
Cash at Bank & in Hand	32.65	34.55	31.14	20.49	38.18
Current Asset Investments	3.16	0.89	1.16	0.71	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	186.58	157.37	115.63	79.66	120.73

Total Assets	370.06	318.68	243.99	206.20	225.40

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-56.38	-47.10	-29.88	-21.49	-30.04
	-56.38	-47.10	-29.88	-21.49	-30.04

Net Current Assets	130.20	110.27	85.75	58.17	90.69

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-19.49	-17.21	-15.43	-10.62	-12.38
Other Non-Current Liabilities	-51.79	-52.65	-40.05	-30.31	-16.33
	-71.28	-69.87	-55.48	-40.93	-28.71

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-127.66	-116.96	-85.37	-62.42	-58.75

Net Assets	242.40	201.72	158.62	143.78	166.65

Capital & Reserves
Share Capital	14.56	14.56	14.56	14.56	14.56
Share Premium Account	0.04	0.04	0.04	0.04	0.04
Other Reserves	4.72	-0.14	3.99	-3.59	-2.68
Retained Earnings	223.82	187.75	140.46	132.76	154.40
Shareholders Funds	243.14	202.21	159.05	143.76	166.33

Minority Interests/Other Equity	-0.74	-0.49	-0.43	0.02	0.32
Total Equity	242.40	201.72	158.62	143.78	166.65

Ratios - based on IFRS	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
PE Ratio - Adjusted	14.64	19.81	22.94	36.69	16.08
PEG - Adjusted	1.83	0.11	0.10	-0.46	0.58
Earnings per Share Growth - Adjusted	8.02%	180.06%	239.78%	-79.74%	27.86%
Dividend Cover	2.73	3.70	7.90	0.37	1.95
Revenue Per Share	455.96p	396.69p	249.50p	235.26p	276.36p
Pre-Tax Profit per Share	118.21p	112.76p	37.17p	6.49p	59.16p
Operating Margin	25.60%	28.21%	14.59%	2.04%	20.48%
Return on Capital Employed	34.61%	39.28%	14.91%	3.34%	25.26%

Continuing & Discontinued Operations
Dividend Yield	2.50%	1.36%	0.55%	7.44%	3.20%
Dividend per Share Growth	46.44%	497.50%	-84.25%	7.68%	6.60%
Net Asset Value per Share (exc. Intangibles)	259.29p	213.10p	179.20p	159.47p	202.28p
Net Gearing	-13.43%	-17.09%	-19.58%	-14.25%	-22.96%

Data is provided by Morningstar

RENISHAW - Fundamentals