FPM FAROE PETROLEUM PLC ORD 10P

FAROE PETROL. Currency GBX

Income Statement (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
Revenue	80.23	15.09	7.01	2.28	0.96
Operating Profit/(Loss)	15.76	-25.19	-10.91	-29.82	-6.01
Net Interest	3.05	2.18	1.96	1.58	0.17
Profit Before Tax	14.25	-26.04	-11.80	-28.76	-4.39
Profit After Tax	47.41	-20.35	-6.91	-20.61	-1.69
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	47.41	-20.35	-6.91	-20.61	-1.69
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	47.41	-20.35	-6.91	-20.61	-1.69

Continuing EPS
Earnings per Share - Basic	22.30p	-13.30p	-6.60p	-19.70p	-2.30p
Earnings per Share - Diluted	20.10p	-13.30p	-6.60p	-19.70p	-2.30p
Earnings per Share - Adjusted	22.30p	-13.30p	-6.60p	-19.70p	-2.30p
Continuing and Discontinued EPS
Earnings per Share - Basic	22.30p	-13.30p	-6.60p	-19.70p	-2.30p
Earnings per Share - Diluted	20.10p	-13.30p	-6.60p	-19.70p	-2.30p
Earnings per Share - Adjusted	22.30p	-13.30p	-6.60p	-19.70p	-2.30p

Dividend per Share	0.00p	0.00p	0.00p	0.00p	0.00p

Balance Sheet (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Assets
Non-Current Assets
Property, Plant & Equipment	105.11	9.80	13.71	21.13	11.69
Intangible Assets	99.58	102.69	65.04	66.51	24.94
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.01	0.01	0.01	0.02	0.01
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.00	0.00	0.00	0.00	0.00
	204.70	112.51	78.76	87.66	36.63
Current Assets
Inventories	4.37	0.65	0.50	0.36	0.00
Trade & Other Receivables	59.85	35.58	18.60	37.05	5.79
Cash at Bank & in Hand	111.59	132.15	43.58	16.71	63.39
Current Asset Investments	0.00	0.00	0.04	0.33	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	175.81	168.38	62.72	54.44	69.17

Total Assets	380.51	280.88	141.48	142.10	105.81

Liabilities
Current Liabilities
Borrowings	0.00	-17.58	-22.70	-30.83	-3.43
Other Current Liabilities	-50.10	-20.94	-12.45	-6.90	-5.31
	-50.10	-38.52	-35.15	-37.73	-8.74

Net Current Assets	125.71	129.86	27.57	16.71	60.43

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-64.56	-60.85	-31.86	-24.82	-2.12
Other Non-Current Liabilities	-35.04	-0.38	-0.28	-0.18	-0.12
	-99.60	-61.23	-32.13	-25.00	-2.24

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-149.70	-99.75	-67.28	-62.73	-10.98

Net Assets	230.81	181.14	74.19	79.37	94.83

Capital & Reserves
Share Capital	21.24	21.24	10.48	10.48	10.48
Share Premium Account	205.97	205.94	91.57	91.57	91.63
Other Reserves	5.31	6.27	5.77	5.14	0.81
Retained Earnings	-1.71	-52.31	-33.62	-27.82	-8.08
Shareholders Funds	230.81	181.14	74.19	79.37	94.83

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	230.81	181.14	74.19	79.37	94.83

Ratios - based on IFRS	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
PE Ratio - Adjusted	6.95	-13.53	-20.00	-2.65	-71.74
PEG - Adjusted	-0.03	-0.13	0.30	0.00	n/a
Earnings per Share Growth - Adjusted	-267.67%	101.52%	-66.50%	756.52%	n/a
Dividend Cover	n/a	n/a	n/a	n/a	n/a
Revenue Per Share	37.78p	9.88p	6.69p	2.18p	1.30p
Pre-Tax Profit per Share	6.71p	-17.05p	-11.26p	-27.46p	-5.92p
Operating Margin	19.91%	-163.15%	-156.59%	-1302.76%	-609.85%
Return on Capital Employed	7.49%	-15.17%	-15.37%	-39.58%	-5.58%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	61.79p	36.94p	8.74p	12.27p	66.73p
Net Gearing	-48.35%	-63.25%	-28.15%	17.80%	-63.23%

Data is provided by Morningstar

FAROE PETROL. - Fundamentals