BAB BABCOCK INTERNATIONAL GROUP PLC ORD 60P

BABCOCK INTL Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	2848.40	2564.50	1895.50	1901.90	1555.90
Operating Profit/(Loss)	206.30	159.30	148.10	133.10	110.20
Net Interest	41.10	34.10	12.70	29.60	25.20
Profit Before Tax	173.00	111.10	129.20	106.70	84.60
Profit After Tax	157.20	101.00	108.40	87.60	69.70
Discontinued Operations
Profit After Tax	5.50	4.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	162.70	105.00	108.40	87.60	69.70
Attributable to:
Minority Interests	-3.30	-3.60	-2.40	-2.30	-2.40
Equity Holders of Parent Company	159.40	101.40	106.00	85.30	67.30

Continuing EPS
Earnings per Share - Basic	42.93p	30.14p	46.29p	37.42p	29.99p
Earnings per Share - Diluted	42.76p	30.03p	46.10p	37.16p	29.43p
Earnings per Share - Adjusted	61.47p	52.50p	51.37p	41.90p	33.40p
Continuing and Discontinued EPS
Earnings per Share - Basic	28.11p	31.28p	46.29p	31.59p	29.99p
Earnings per Share - Diluted	28.01p	31.17p	46.10p	31.38p	29.43p
Earnings per Share - Adjusted	64.33p	55.03p	51.37p	41.90p	33.40p

Dividend per Share	19.90p	18.00p	15.20p	12.20p	8.95p

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	213.70	205.80	149.30	147.10	145.90
Intangible Assets	1888.10	2095.60	628.50	603.90	542.50
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	44.20	87.00	14.30	13.50	0.40
Other Financial Assets	20.10	1.00	0.00	0.00	0.00
Other Non-Current Assets	169.40	55.60	85.30	93.90	147.30
	2335.50	2445.00	877.40	858.40	836.10
Current Assets
Inventories	81.60	96.60	84.20	94.40	76.70
Trade & Other Receivables	476.90	543.00	332.80	340.30	343.20
Cash at Bank & in Hand	100.30	104.30	189.60	123.60	199.60
Current Asset Investments	3.30	0.80	1.10	1.00	1.70
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	662.10	744.70	607.70	559.30	621.20

Total Assets	2997.60	3189.70	1485.10	1417.70	1457.30

Liabilities
Current Liabilities
Borrowings	-4.20	-35.30	-162.80	-118.60	-144.30
Other Current Liabilities	-913.90	-928.90	-533.80	-558.00	-495.50
	-918.10	-964.20	-696.60	-676.60	-639.80

Net Current Assets	-256.00	-219.50	-88.90	-117.30	-18.60

Non-Current Liabilities
Borrowings	-757.30	-799.00	-329.10	-356.50	-377.50
Provisions	-117.20	-155.00	-37.10	-35.60	-63.50
Other Non-Current Liabilities	-285.00	-250.90	-336.50	-56.20	-15.70
	-1159.50	-1204.90	-702.70	-448.30	-456.70

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-2077.60	-2169.10	-1399.30	-1124.90	-1096.50

Net Assets	920.00	1020.60	85.80	292.80	360.80

Capital & Reserves
Share Capital	215.50	215.30	137.80	137.70	137.60
Share Premium Account	873.00	872.80	148.30	148.20	148.10
Other Reserves	-16.20	33.10	28.70	18.50	20.90
Retained Earnings	-160.90	-109.50	-234.20	-16.00	50.60
Shareholders Funds	911.40	1011.70	80.60	288.40	357.20

Minority Interests/Other Equity	8.60	8.90	5.20	4.40	3.60
Total Equity	920.00	1020.60	85.80	292.80	360.80

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	12.96	11.83	11.73	10.25	17.11
PEG - Adjusted	0.76	5.38	0.52	0.40	0.40
Earnings per Share Growth - Adjusted	17.09%	2.20%	22.60%	25.45%	43.04%
Dividend Cover	3.09	2.92	3.38	3.43	3.73
Revenue Per Share	794.38p	793.49p	824.52p	834.03p	693.17p
Pre-Tax Profit per Share	48.25p	34.38p	56.20p	46.79p	37.69p
Operating Margin	6.92%	5.00%	7.33%	6.93%	6.65%
Return on Capital Employed	114.68%	95.78%	45.73%	56.84%	27.18%

Continuing & Discontinued Operations
Dividend Yield	2.50%	2.90%	2.52%	2.84%	1.57%
Dividend per Share Growth	10.56%	18.42%	24.59%	36.31%	34.59%
Net Asset Value per Share (exc. Intangibles)	-271.95p	-302.06p	-238.54p	-137.43p	-80.79p
Net Gearing	72.55%	72.16%	375.06%	121.88%	90.20%

Data is provided by Morningstar

BAB BABCOCK INTERNATIONAL GROUP PLC ORD 60P

BABCOCK INTL - Fundamentals