IQE IQE PLC ORD 1P

IQE Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	87.96	75.32	72.65	52.65	60.49
Operating Profit/(Loss)	7.01	7.37	7.21	3.04	0.07
Net Interest	0.62	0.48	0.87	0.99	1.45
Profit Before Tax	6.13	6.89	6.33	2.06	-1.39
Profit After Tax	6.63	8.44	7.51	2.06	-1.39
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	6.63	8.44	7.51	2.06	-1.39
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	6.63	8.44	7.51	2.06	-1.39

Continuing EPS
Earnings per Share - Basic	1.16p	1.62p	1.63p	0.47p	-0.32p
Earnings per Share - Diluted	1.10p	1.51p	1.50p	0.44p	-0.32p
Earnings per Share - Adjusted	1.59p	1.86p	1.91p	0.68p	0.59p
Continuing and Discontinued EPS
Earnings per Share - Basic	1.16p	1.62p	1.63p	0.47p	-0.32p
Earnings per Share - Diluted	1.10p	1.51p	1.50p	0.44p	-0.32p
Earnings per Share - Adjusted	1.59p	1.86p	1.91p	0.68p	0.59p

Dividend per Share	0.00p	0.00p	0.00p	0.00p	0.00p

Balance Sheet (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Assets
Non-Current Assets
Property, Plant & Equipment	62.32	37.35	23.80	21.37	25.63
Intangible Assets	54.17	32.71	30.65	18.47	14.68
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	3.21	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	14.55	1.88	0.82	0.00	0.00
	134.24	71.93	55.27	39.84	40.30
Current Assets
Inventories	18.35	15.12	11.60	10.79	11.26
Trade & Other Receivables	19.19	14.34	16.74	13.26	11.67
Cash at Bank & in Hand	2.77	3.23	12.51	4.23	0.00
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
	40.31	32.69	40.85	28.28	22.93

Total Assets	174.55	104.62	96.12	68.12	63.23

Liabilities
Current Liabilities
Borrowings	-2.43	-0.05	-4.08	-6.57	-8.09
Other Current Liabilities	-31.71	-23.16	-20.07	-16.77	-14.80
	-34.14	-23.21	-24.15	-23.34	-22.89

Net Current Assets	6.17	9.49	16.70	4.94	0.05

Non-Current Liabilities
Borrowings	-15.83	-7.11	-1.41	-12.59	-10.05
Provisions	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	-34.39	-1.56	-8.29	-2.35	-0.08
	-50.21	-8.67	-9.70	-14.94	-10.13

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-84.35	-31.87	-33.85	-38.29	-33.02

Net Assets	90.20	72.75	62.27	29.84	30.22

Capital & Reserves
Share Capital	5.88	5.25	5.15	4.44	4.33
Share Premium Account	33.45	22.12	21.24	1.15	0.12
Other Reserves	8.12	9.26	7.87	3.74	7.31
Retained Earnings	42.75	36.12	28.02	20.51	18.46
Shareholders Funds	90.20	72.75	62.27	29.84	30.22

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	90.20	72.75	62.27	29.84	30.22

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	19.34	9.95	23.56	25.00	8.47
PEG - Adjusted	-1.33	-3.80	0.13	1.64	-0.01
Earnings per Share Growth - Adjusted	-14.52%	-2.62%	180.88%	15.25%	-690.00%
Dividend Cover	n/a	n/a	n/a	n/a	n/a
Revenue Per Share	15.38p	14.42p	15.73p	12.05p	13.99p
Pre-Tax Profit per Share	1.07p	1.32p	1.37p	0.47p	-0.32p
Operating Margin	7.67%	9.79%	9.92%	5.78%	0.11%
Return on Capital Employed	12.42%	15.62%	19.42%	9.97%	0.20%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	6.13p	7.63p	6.14p	2.56p	3.59p
Net Gearing	17.17%	5.39%	-11.27%	50.04%	60.01%

Data is provided by Morningstar

IQE - Fundamentals