DVW DEE VALLEY GROUP PLC ORD 5P

DEE VALLEY GRP 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	22.10	21.35	20.82	20.03	19.01
Operating Profit/(Loss)	3.42	4.00	6.56	3.12	3.97
Net Interest	1.83	1.71	1.67	3.75	3.15
Profit Before Tax	3.42	4.00	6.56	3.12	3.97
Profit After Tax	3.93	4.23	5.23	0.93	3.78
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	3.93	4.23	5.23	0.93	3.78
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	3.93	4.23	5.23	0.93	3.78

Continuing EPS
Earnings per Share - Basic	84.80p	91.30p	112.80p	20.10p	81.60p
Earnings per Share - Diluted	84.80p	91.30p	112.80p	20.10p	81.60p
Earnings per Share - Adjusted	84.80p	91.30p	112.80p	20.10p	81.60p
Continuing and Discontinued EPS
Earnings per Share - Basic	84.80p	91.30p	112.80p	20.10p	81.60p
Earnings per Share - Diluted	84.80p	91.30p	112.80p	20.10p	81.60p
Earnings per Share - Adjusted	84.80p	91.30p	112.80p	20.10p	81.60p

Dividend per Share	59.40p	56.30p	52.70p	53.10p	49.60p

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	39.51	36.05	36.70	35.58	35.46
Intangible Assets	5.38	5.38	5.38	5.38	5.38
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	42.54	42.21	38.74	41.51	41.55
	87.42	83.64	80.83	82.47	82.39
Current Assets
Inventories	0.19	0.15	0.15	0.15	0.14
Trade & Other Receivables	5.11	4.47	4.33	3.94	3.76
Cash at Bank & in Hand	9.56	9.29	7.39	7.20	6.77
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
	14.86	13.92	11.88	11.29	10.66

Total Assets	102.29	97.56	92.71	93.76	93.05

Liabilities
Current Liabilities
Borrowings	-1.69	-1.67	-3.43	-5.48	-8.24
Other Current Liabilities	-12.45	-10.65	-10.29	-9.42	-8.95
	-14.14	-12.31	-13.72	-14.91	-17.20

Net Current Assets	0.72	1.60	-1.84	-3.62	-6.53

Non-Current Liabilities
Borrowings	-47.47	-45.23	-43.17	-43.80	-41.70
Provisions	-15.91	-16.93	-16.67	-17.34	-15.28
Other Non-Current Liabilities	0.00	0.00	-2.04	0.00	0.00
	-63.38	-62.16	-61.88	-61.14	-56.98

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-77.52	-74.48	-75.60	-76.05	-74.17

Net Assets	24.77	23.08	17.11	17.71	18.88

Capital & Reserves
Share Capital	0.23	0.23	0.23	0.23	0.23
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	5.96	5.92	5.66	5.61	5.50
Retained Earnings	18.57	16.93	11.21	11.87	13.14
Shareholders Funds	24.77	23.08	17.11	17.71	18.88

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	24.77	23.08	17.11	17.71	18.88

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	15.63	12.08	7.85	37.31	12.13
PEG - Adjusted	-2.20	-0.63	0.02	-0.50	0.60
Earnings per Share Growth - Adjusted	-7.12%	-19.06%	461.19%	-75.37%	20.18%
Dividend Cover	1.43	1.62	2.14	0.38	1.65
Revenue Per Share	477.12p	460.86p	449.44p	432.47p	410.47p
Pre-Tax Profit per Share	73.86p	86.40p	141.69p	67.31p	85.71p
Operating Margin	23.29%	26.44%	36.15%	33.67%	36.60%
Return on Capital Employed	6.22%	7.00%	10.69%	8.70%	9.04%

Continuing & Discontinued Operations
Dividend Yield	4.48%	5.11%	5.95%	7.08%	5.01%
Dividend per Share Growth	5.51%	6.83%	-0.75%	7.06%	5.08%
Net Asset Value per Share (exc. Intangibles)	468.37p	427.71p	283.31p	297.83p	326.02p
Net Gearing	159.89%	162.93%	229.19%	237.66%	228.73%

Data is provided by Morningstar

DEE VALLEY GRP - Fundamentals