EAH ECO ANIMAL HEALTH GROUP PLC ORD 5P

ECO ANIMAL Currency GBX

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	28.32	27.08	21.77	18.90	14.75
Operating Profit/(Loss)	2.21	2.47	2.09	1.37	-0.78
Net Interest	0.02	0.25	0.10	0.14	0.41
Profit Before Tax	2.32	2.29	2.01	1.41	-1.01
Profit After Tax	2.63	1.99	1.67	1.59	-0.70
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	-0.28	0.00
PROFIT FOR THE PERIOD	2.63	1.99	1.67	1.31	-0.70
Attributable to:
Minority Interests	-0.41	-0.40	-0.33	-0.24	-0.09
Equity Holders of Parent Company	2.22	1.59	1.34	1.07	-0.78

Continuing EPS
Earnings per Share - Basic	4.24p	3.07p	2.79p	2.94p	-2.36p
Earnings per Share - Diluted	4.19p	2.96p	2.79p	2.94p	-2.36p
Earnings per Share - Adjusted	4.24p	3.07p	2.79p	2.94p	-2.36p
Continuing and Discontinued EPS
Earnings per Share - Basic	4.24p	3.07p	2.58p	0.86p	-2.36p
Earnings per Share - Diluted	4.19p	2.96p	2.58p	0.86p	-2.36p
Earnings per Share - Adjusted	4.24p	3.07p	2.58p	2.33p	-2.36p

Dividend per Share	3.00p	2.30p	7.15p	7.15p	7.15p

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	1.11	1.28	1.09	1.16	1.35
Intangible Assets	39.11	38.64	37.54	35.53	34.80
Investment Properties	0.16	0.00	0.00	0.00	0.00
Investments	0.01	0.35	0.29	0.29	0.28
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.00	0.00	0.00	0.23	0.00
	40.54	40.27	38.92	37.20	36.43
Current Assets
Inventories	4.42	4.80	5.70	4.92	3.83
Trade & Other Receivables	11.06	10.09	9.58	8.38	8.73
Cash at Bank & in Hand	14.00	9.47	9.88	3.72	6.14
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
	29.48	24.37	25.16	17.02	18.70

Total Assets	70.02	64.63	64.09	54.22	55.13

Liabilities
Current Liabilities
Borrowings	-4.49	-0.05	-3.98	-0.91	-0.64
Other Current Liabilities	-6.95	-5.98	-3.79	-3.71	-4.56
	-11.45	-6.04	-7.76	-4.62	-5.20

Net Current Assets	18.04	18.33	17.40	12.40	13.50

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	-0.19
Provisions	-0.33	-0.83	-0.62	-0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00
	-0.33	-0.83	-0.62	-0.00	-0.19

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-11.78	-6.87	-8.39	-4.62	-5.39

Net Assets	58.25	57.77	55.70	49.60	49.74

Capital & Reserves
Share Capital	2.76	2.61	2.58	2.32	2.26
Share Premium Account	37.61	46.27	45.49	38.29	37.10
Other Reserves	0.06	1.88	1.66	1.19	1.06
Retained Earnings	15.94	5.22	4.57	6.70	8.69
Shareholders Funds	56.36	55.98	54.30	48.50	49.10

Minority Interests/Other Equity	1.89	1.79	1.40	1.10	0.65
Total Equity	58.25	57.77	55.70	49.60	49.74

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	48.94	70.36	57.35	55.44	-46.19
PEG - Adjusted	1.28	7.01	-11.25	-0.25	n/a
Earnings per Share Growth - Adjusted	38.11%	10.04%	-5.10%	-224.58%	n/a
Dividend Cover	1.41	1.33	0.39	0.41	-0.33
Revenue Per Share	54.12p	52.20p	45.33p	41.25p	49.64p
Pre-Tax Profit per Share	4.43p	4.42p	4.17p	3.07p	-3.04p
Operating Margin	7.79%	9.12%	9.62%	7.23%	-3.86%
Return on Capital Employed	9.74%	12.70%	9.27%	10.31%	-3.78%

Continuing & Discontinued Operations
Dividend Yield	1.45%	1.06%	4.47%	4.39%	6.56%
Dividend per Share Growth	30.43%	-67.83%	0.00%	0.00%	2.14%
Net Asset Value per Share (exc. Intangibles)	31.25p	33.22p	32.46p	27.95p	31.69p
Net Gearing	-16.87%	-16.83%	-10.87%	-5.79%	-10.84%

Data is provided by Morningstar

ECO ANIMAL - Fundamentals