SGI STANLEY GIBBONS GROUP PLC ORD 1P

STANLEY GIBBONS Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	35.60	35.70	26.43	23.37	19.39
Operating Profit/(Loss)	5.36	5.05	4.29	4.13	3.61
Net Interest	0.09	0.10	0.02	0.02	0.01
Profit Before Tax	5.27	4.95	4.30	4.11	3.70
Profit After Tax	4.88	4.53	3.83	3.70	3.32
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	4.88	4.53	3.83	3.70	3.32
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	4.88	4.53	3.83	3.70	3.32

Continuing EPS
Earnings per Share - Basic	18.94p	17.97p	15.22p	14.70p	13.22p
Earnings per Share - Diluted	18.55p	17.74p	15.17p	14.69p	13.19p
Earnings per Share - Adjusted	21.44p	19.40p	15.69p	14.70p	13.57p
Continuing and Discontinued EPS
Earnings per Share - Basic	18.94p	17.97p	15.22p	14.70p	13.22p
Earnings per Share - Diluted	18.55p	17.74p	15.17p	14.69p	13.19p
Earnings per Share - Adjusted	21.44p	19.40p	15.69p	14.70p	13.57p

Dividend per Share	6.25p	5.75p	5.25p	4.75p	4.75p

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	1.35	1.27	1.19	0.44	0.28
Intangible Assets	1.72	1.13	1.01	0.19	0.06
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	1.76	1.91	0.71	0.90	3.45
	4.83	4.32	2.91	1.53	3.79
Current Assets
Inventories	20.73	16.80	14.77	9.29	11.75
Trade & Other Receivables	11.67	9.18	8.87	9.85	3.99
Cash at Bank & in Hand	6.77	3.23	1.84	3.06	0.54
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
	39.16	29.21	25.48	22.20	16.27

Total Assets	43.99	33.53	28.39	23.73	20.06

Liabilities
Current Liabilities
Borrowings	-0.19	-0.25	-0.25	0.00	0.00
Other Current Liabilities	-8.35	-7.01	-5.90	-4.31	-3.48
	-8.54	-7.26	-6.15	-4.31	-3.48

Net Current Assets	30.63	21.95	19.33	17.89	12.78

Non-Current Liabilities
Borrowings	0.00	-0.19	-0.44	0.00	0.00
Provisions	-0.59	-0.90	-0.70	-0.82	-0.66
Other Non-Current Liabilities	-3.16	-2.76	-0.11	-0.44	-0.08
	-3.75	-3.85	-1.25	-1.26	-0.74

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-12.29	-11.11	-7.40	-5.57	-4.22

Net Assets	31.70	22.42	20.99	18.16	15.84

Capital & Reserves
Share Capital	0.49	0.25	0.25	0.25	0.25
Share Premium Account	11.14	5.29	5.20	5.20	5.20
Other Reserves	0.75	0.64	0.48	0.40	0.31
Retained Earnings	19.32	16.24	15.06	12.31	10.08
Shareholders Funds	31.70	22.42	20.99	18.16	15.84

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	31.70	22.42	20.99	18.16	15.84

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	10.98	8.61	10.52	9.22	n/a
PEG - Adjusted	1.04	0.36	1.56	1.11	n/a
Earnings per Share Growth - Adjusted	10.52%	23.65%	6.73%	8.33%	-1.88%
Dividend Cover	3.43	3.37	2.99	3.09	2.86
Revenue Per Share	138.04p	141.59p	104.97p	92.80p	77.13p
Pre-Tax Profit per Share	20.44p	19.61p	17.09p	16.34p	14.72p
Operating Margin	15.07%	14.13%	16.94%	18.31%	19.61%
Return on Capital Employed	15.82%	19.88%	20.13%	21.48%	22.49%

Continuing & Discontinued Operations
Dividend Yield	2.65%	3.44%	3.18%	3.51%	n/a
Dividend per Share Growth	8.70%	9.52%	10.53%	0.00%	11.76%
Net Asset Value per Share (exc. Intangibles)	105.49p	84.26p	79.33p	71.38p	62.64p
Net Gearing	-20.75%	-12.45%	-5.48%	-16.86%	-3.38%

Data is provided by Morningstar

STANLEY GIBBONS - Fundamentals