TFW THORPE (F.W.) PLC ORD 10P

THORPE (F.W) Currency GBX

Income Statement (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
Revenue	55.56	52.83	46.95	53.36	51.78
Operating Profit/(Loss)	11.85	11.25	10.62	10.67	10.51
Net Interest	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	12.66	11.61	10.70	11.55	11.72
Profit After Tax	9.94	8.41	7.75	8.48	8.73
Discontinued Operations
Profit After Tax	1.38	1.00	0.47	0.00	0.00
PROFIT FOR THE PERIOD	11.32	9.41	8.22	8.48	8.73
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	11.32	9.41	8.22	8.48	8.73

Continuing EPS
Earnings per Share - Basic	84.80p	71.80p	66.10p	71.40p	73.30p
Earnings per Share - Diluted	84.80p	71.80p	66.10p	71.40p	73.20p
Earnings per Share - Adjusted	84.80p	71.80p	66.10p	71.40p	73.30p
Continuing and Discontinued EPS
Earnings per Share - Basic	96.50p	80.30p	70.10p	71.40p	73.30p
Earnings per Share - Diluted	96.50p	80.30p	70.10p	71.40p	73.20p
Earnings per Share - Adjusted	96.50p	80.30p	70.10p	71.40p	73.30p

Dividend per Share	18.10p	16.90p	16.20p	16.20p	13.90p

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	9.12	10.07	9.63	9.56	9.43
Intangible Assets	5.98	2.53	2.68	2.58	2.29
Investment Properties	2.08	1.04	1.01	1.03	0.18
Investments	0.11	0.14	0.16	0.00	0.00
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	3.68	6.96	0.70	0.88	0.39
	23.06	21.77	15.18	15.07	12.47
Current Assets
Inventories	11.14	11.30	11.36	10.46	8.65
Trade & Other Receivables	10.94	11.38	11.04	9.12	10.56
Cash at Bank & in Hand	14.12	14.24	8.75	7.13	6.71
Current Asset Investments	17.50	12.00	16.44	14.87	13.71
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	53.70	48.91	47.60	41.58	39.62

Total Assets	76.77	70.68	62.78	56.65	52.10

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	-0.09
Other Current Liabilities	-9.07	-9.76	-9.98	-8.10	-9.21
	-9.07	-9.76	-9.98	-8.10	-9.30

Net Current Assets	44.63	39.15	37.62	33.48	30.33

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-0.88	-0.80	-0.79	-0.76	-0.85
Other Non-Current Liabilities	0.00	-1.63	-1.38	-2.03	-0.28
	-0.88	-2.44	-2.17	-2.79	-1.13

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-9.95	-12.20	-12.14	-10.89	-10.43

Net Assets	66.81	58.49	50.64	45.76	41.67

Capital & Reserves
Share Capital	1.19	1.19	1.19	1.19	1.19
Share Premium Account	0.66	0.66	0.66	0.66	0.62
Other Reserves	0.14	0.14	0.14	0.14	0.14
Retained Earnings	64.83	56.50	48.66	43.78	39.72
Shareholders Funds	66.81	58.49	50.64	45.76	41.67

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	66.81	58.49	50.64	45.76	41.67

Ratios - based on IFRS	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
PE Ratio - Adjusted	12.21	11.11	8.93	7.54	7.84
PEG - Adjusted	0.67	1.29	-1.20	-2.91	0.33
Earnings per Share Growth - Adjusted	18.11%	8.62%	-7.42%	-2.59%	23.82%
Dividend Cover	4.69	4.25	4.08	4.41	5.27
Revenue Per Share	473.89p	450.64p	400.46p	449.69p	434.80p
Pre-Tax Profit per Share	107.97p	99.05p	91.27p	97.32p	98.41p
Operating Margin	22.00%	21.50%	22.33%	20.02%	20.62%
Return on Capital Employed	20.51%	20.46%	21.35%	25.12%	28.87%

Continuing & Discontinued Operations
Dividend Yield	1.75%	2.12%	2.75%	3.01%	2.42%
Dividend per Share Growth	7.10%	4.32%	0.00%	16.55%	13.47%
Net Asset Value per Share (exc. Intangibles)	518.84p	477.24p	409.03p	368.32p	330.54p
Net Gearing	-21.13%	-24.34%	-17.29%	-15.59%	-15.90%

Data is provided by Morningstar

THORPE (F.W) - Fundamentals