SWL SWALLOWFIELD PLC ORD 5P

SWALLOWFIELD Currency GBX

Income Statement (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
Revenue	57.88	57.45	52.45	49.13	44.82
Operating Profit/(Loss)	1.57	1.41	1.35	1.55	2.56
Net Interest	0.16	0.14	0.10	0.15	0.27
Profit Before Tax	1.56	1.33	1.18	1.34	2.34
Profit After Tax	1.26	1.08	0.92	1.09	2.44
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	1.26	1.08	0.92	1.09	2.44
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	1.26	1.08	0.92	1.09	2.44

Continuing EPS
Earnings per Share - Basic	11.20p	9.60p	8.20p	9.70p	21.60p
Earnings per Share - Diluted	11.20p	9.60p	8.20p	9.70p	21.60p
Earnings per Share - Adjusted	11.20p	9.60p	8.20p	9.60p	9.20p
Continuing and Discontinued EPS
Earnings per Share - Basic	11.20p	9.60p	8.20p	9.70p	21.60p
Earnings per Share - Diluted	11.20p	9.60p	8.20p	9.70p	21.60p
Earnings per Share - Adjusted	11.20p	9.60p	8.20p	9.60p	9.20p

Dividend per Share	6.30p	6.30p	6.30p	5.90p	2.70p

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	11.41	11.40	11.06	11.31	11.13
Intangible Assets	0.16	0.13	0.08	0.10	0.10
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.19	0.19	0.00	0.05	0.00
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.02	0.00	0.15	0.14	0.00
	11.78	11.72	11.29	11.60	11.23
Current Assets
Inventories	8.30	8.43	8.54	6.22	6.55
Trade & Other Receivables	13.63	13.75	12.07	11.13	9.57
Cash at Bank & in Hand	0.92	1.19	0.53	0.47	0.05
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.17	0.17	0.17	0.17	0.17
	23.02	23.53	21.31	17.99	16.33

Total Assets	34.80	35.25	32.60	29.59	27.56

Liabilities
Current Liabilities
Borrowings	-0.47	-0.51	-3.86	-2.36	-0.88
Other Current Liabilities	-17.88	-18.40	-12.32	-10.59	-10.13
	-18.35	-18.91	-16.18	-12.95	-11.01

Net Current Assets	4.67	4.62	5.13	5.04	5.32

Non-Current Liabilities
Borrowings	-0.43	-0.50	-1.01	-1.47	-1.58
Provisions	-0.10	-0.04	-0.04	-0.00	-0.05
Other Non-Current Liabilities	-2.20	-2.36	-2.41	-2.45	-2.58
	-2.74	-2.89	-3.46	-3.92	-4.21

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-21.09	-21.80	-19.64	-16.87	-15.23

Net Assets	13.71	13.45	12.96	12.72	12.33

Capital & Reserves
Share Capital	0.57	0.57	0.57	0.56	0.56
Share Premium Account	3.83	3.83	3.83	3.80	3.80
Other Reserves	-0.18	0.11	-0.00	0.00	0.05
Retained Earnings	9.49	8.94	8.57	8.36	7.93
Shareholders Funds	13.71	13.45	12.96	12.72	12.33

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	13.71	13.45	12.96	12.72	12.33

Ratios - based on IFRS	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
PE Ratio - Adjusted	10.67	11.25	14.82	8.07	9.13
PEG - Adjusted	0.64	0.66	-1.02	1.86	0.13
Earnings per Share Growth - Adjusted	16.67%	17.07%	-14.58%	4.35%	70.37%
Dividend Cover	1.78	1.52	1.30	1.63	3.41
Revenue Per Share	511.93p	508.15p	464.52p	436.47p	398.19p
Pre-Tax Profit per Share	13.76p	11.75p	10.45p	11.90p	20.82p
Operating Margin	2.96%	2.56%	2.43%	3.03%	5.78%
Return on Capital Employed	10.21%	8.79%	6.33%	7.89%	15.09%

Continuing & Discontinued Operations
Dividend Yield	5.27%	5.83%	5.19%	7.61%	3.21%
Dividend per Share Growth	0.00%	0.00%	6.78%	118.52%	n/a
Net Asset Value per Share (exc. Intangibles)	119.79p	117.77p	113.89p	112.07p	108.72p
Net Gearing	-0.14%	-1.32%	33.43%	26.38%	19.61%

Data is provided by Morningstar

SWALLOWFIELD - Fundamentals