TET TREATT PLC ORD 10P

TREATT Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	30-Sep-12	30-Sep-11	30-Sep-10	30-Sep-09	30-Sep-08
Continuing Operations
Revenue	74.01	74.52	63.30	56.31	49.64
Operating Profit/(Loss)	5.63	6.86	4.90	3.89	3.56
Net Interest	0.68	0.58	0.39	0.58	0.78
Profit Before Tax	4.46	6.37	2.07	3.50	3.06
Profit After Tax	3.07	4.36	0.65	2.49	1.97
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	3.07	4.36	0.65	2.49	1.97
Attributable to:
Minority Interests	0.00	-0.01	-0.00	-0.00	0.01
Equity Holders of Parent Company	3.07	4.35	0.65	2.49	1.98

Continuing EPS
Earnings per Share - Basic	30.00p	42.50p	6.40p	24.50p	19.40p
Earnings per Share - Diluted	29.90p	42.30p	6.40p	24.40p	19.40p
Earnings per Share - Adjusted	34.40p	42.50p	30.30p	24.50p	19.40p
Continuing and Discontinued EPS
Earnings per Share - Basic	30.00p	42.50p	6.40p	24.50p	19.40p
Earnings per Share - Diluted	29.90p	42.30p	6.40p	24.40p	19.40p
Earnings per Share - Adjusted	34.40p	42.50p	30.30p	24.50p	19.40p

Dividend per Share	14.50p	13.00p	12.00p	11.20p	10.80p

Balance Sheet (£ m)	30-Sep-12	30-Sep-11	30-Sep-10	30-Sep-09	30-Sep-08
Assets
Non-Current Assets
Property, Plant & Equipment	11.54	10.12	10.25	9.85	9.46
Intangible Assets	1.80	1.93	1.30	4.56	4.10
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	0.87	0.86	1.00	1.20	0.55
	14.21	12.91	12.56	15.61	14.11
Current Assets
Inventories	22.92	20.34	20.17	16.05	20.12
Trade & Other Receivables	14.21	11.98	12.55	9.96	12.00
Cash at Bank & in Hand	0.93	3.53	1.58	2.68	0.24
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
	38.05	35.85	34.31	28.69	32.36

Total Assets	52.27	48.76	46.87	44.30	46.46

Liabilities
Current Liabilities
Borrowings	-8.41	-3.92	-5.22	-9.80	-14.01
Other Current Liabilities	-8.94	-8.67	-9.08	-6.16	-7.18
	-17.35	-12.59	-14.29	-15.95	-21.19

Net Current Assets	20.71	23.26	20.02	12.73	11.17

Non-Current Liabilities
Borrowings	-6.14	-8.28	-8.02	-2.45	-2.69
Provisions	-0.88	-0.53	-0.44	-0.37	-0.28
Other Non-Current Liabilities	-1.89	-1.80	-1.60	-2.79	-0.72
	-8.92	-10.62	-10.06	-5.61	-3.69

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-26.26	-23.21	-24.35	-21.56	-24.87

Net Assets	26.00	25.55	22.52	22.74	21.59

Capital & Reserves
Share Capital	1.05	1.05	1.05	1.05	1.05
Share Premium Account	2.76	2.76	2.76	2.76	2.76
Other Reserves	-1.13	-0.38	0.30	0.07	-1.18
Retained Earnings	23.33	22.12	18.42	18.86	18.98
Shareholders Funds	26.00	25.55	22.52	22.74	21.60

Minority Interests/Other Equity	0.00	0.00	0.00	-0.00	-0.00
Total Equity	26.00	25.55	22.52	22.74	21.59

Ratios - based on IFRS	30-Sep-12	30-Sep-11	30-Sep-10	30-Sep-09	30-Sep-08
Continuing Operations
PE Ratio - Adjusted	10.03	8.49	10.64	11.24	11.16
PEG - Adjusted	-0.53	0.21	0.45	0.43	-3.72
Earnings per Share Growth - Adjusted	-19.06%	40.26%	23.67%	26.29%	-3.00%
Dividend Cover	2.37	3.27	2.53	2.19	1.80
Revenue Per Share	723.66p	727.79p	620.57p	553.88p	488.74p
Pre-Tax Profit per Share	43.63p	62.23p	20.30p	34.43p	30.17p
Operating Margin	6.82%	9.23%	3.84%	7.09%	8.07%
Return on Capital Employed	12.69%	18.71%	6.74%	12.44%	10.98%

Continuing & Discontinued Operations
Dividend Yield	4.20%	3.60%	3.72%	4.07%	4.99%
Dividend per Share Growth	11.54%	8.33%	7.14%	3.70%	2.86%
Net Asset Value per Share (exc. Intangibles)	230.94p	225.33p	202.43p	173.41p	166.95p
Net Gearing	52.39%	33.93%	51.76%	42.09%	76.23%

Data is provided by Morningstar

TREATT - Fundamentals