PDC PRINTING.COM PLC ORD 1P

PRINTING.COM Currency GBX

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	21.77	17.02	14.46	14.47	13.48
Operating Profit/(Loss)	1.30	1.30	1.74	1.93	2.29
Net Interest	0.06	0.05	0.00	0.00	0.19
Profit Before Tax	1.26	1.31	1.70	2.06	2.42
Profit After Tax	1.10	0.93	1.28	1.46	1.63
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	1.10	0.93	1.28	1.46	1.63
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	1.10	0.93	1.28	1.46	1.63

Continuing EPS
Earnings per Share - Basic	2.33p	2.04p	2.87p	3.28p	3.64p
Earnings per Share - Diluted	2.32p	2.02p	2.86p	3.27p	3.51p
Earnings per Share - Adjusted	2.33p	2.04p	2.87p	3.28p	3.64p
Continuing and Discontinued EPS
Earnings per Share - Basic	2.33p	2.04p	2.87p	3.28p	3.64p
Earnings per Share - Diluted	2.32p	2.02p	2.86p	3.27p	3.51p
Earnings per Share - Adjusted	2.33p	2.04p	2.87p	3.28p	3.64p

Dividend per Share	3.15p	3.15p	3.15p	3.05p	2.90p

Balance Sheet (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Assets
Non-Current Assets
Property, Plant & Equipment	2.17	2.95	3.67	4.33	5.22
Intangible Assets	4.62	4.62	1.61	1.28	1.14
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	0.00	0.02	0.11	0.26	0.50
	6.79	7.59	5.39	5.87	6.85
Current Assets
Inventories	0.15	0.19	0.14	0.11	0.11
Trade & Other Receivables	2.90	3.49	3.24	3.31	3.21
Cash at Bank & in Hand	1.87	2.00	2.14	3.39	3.50
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
	4.92	5.68	5.52	6.81	6.82

Total Assets	11.71	13.27	10.91	12.68	13.67

Liabilities
Current Liabilities
Borrowings	-0.08	-0.68	-0.65	-0.69	-0.80
Other Current Liabilities	-4.82	-5.39	-3.48	-3.48	-3.41
	-4.90	-6.06	-4.13	-4.17	-4.22

Net Current Assets	0.02	-0.38	1.39	2.65	2.61

Non-Current Liabilities
Borrowings	-0.02	-0.11	-0.20	-0.89	-1.61
Provisions	-0.48	-0.60	-0.51	-0.56	-0.69
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00
	-0.50	-0.71	-0.71	-1.45	-2.30

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-5.40	-6.78	-4.84	-5.61	-6.51

Net Assets	6.31	6.50	6.07	7.07	7.16

Capital & Reserves
Share Capital	0.48	0.47	0.45	0.45	0.45
Share Premium Account	4.08	3.88	3.88	3.88	3.87
Other Reserves	0.84	0.84	0.21	0.21	0.21
Retained Earnings	0.92	1.31	1.53	2.52	2.63
Shareholders Funds	6.31	6.50	6.07	7.07	7.16

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	6.31	6.50	6.07	7.07	7.16

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	12.02	17.89	11.85	7.16	10.44
PEG - Adjusted	0.85	-0.62	-0.95	-0.72	4.11
Earnings per Share Growth - Adjusted	14.22%	-28.92%	-12.50%	-9.89%	2.54%
Dividend Cover	0.74	0.65	0.91	1.08	1.26
Revenue Per Share	46.02p	37.47p	32.59p	32.52p	30.03p
Pre-Tax Profit per Share	2.66p	2.89p	3.84p	4.64p	5.39p
Operating Margin	5.97%	7.65%	11.41%	13.04%	17.56%
Return on Capital Employed	57.76%	41.51%	29.28%	26.05%	28.59%

Continuing & Discontinued Operations
Dividend Yield	11.25%	8.63%	9.26%	12.98%	7.63%
Dividend per Share Growth	0.00%	0.00%	3.28%	5.17%	56.76%
Net Asset Value per Share (exc. Intangibles)	3.57p	4.00p	10.03p	13.04p	13.44p
Net Gearing	-28.06%	-18.73%	-21.18%	-25.66%	-15.16%

Data is provided by Morningstar

PRINTING.COM - Fundamentals