E2V E2V TECHNOLOGIES PLC ORD 5P

E2V TECH 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	234.62	228.58	201.25	233.19	204.61
Operating Profit/(Loss)	35.21	30.49	-6.04	-19.54	19.43
Net Interest	1.51	2.71	4.84	7.32	5.80
Profit Before Tax	32.04	25.83	-9.72	-28.41	13.75
Profit After Tax	23.54	19.49	-2.27	-21.30	11.80
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	23.54	19.49	-2.27	-21.30	11.80
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	23.54	19.49	-2.27	-21.30	11.80

Continuing EPS
Earnings per Share - Basic	11.12p	9.14p	-1.66p	-34.42p	19.36p
Earnings per Share - Diluted	10.86p	9.05p	-1.66p	-34.42p	19.20p
Earnings per Share - Adjusted	13.71p	11.26p	6.67p	30.20p	30.08p
Continuing and Discontinued EPS
Earnings per Share - Basic	11.12p	9.14p	-1.66p	-34.42p	19.36p
Earnings per Share - Diluted	10.86p	9.05p	-1.66p	-34.42p	19.20p
Earnings per Share - Adjusted	13.71p	11.26p	6.67p	30.20p	30.08p

Dividend per Share	4.90p	0.00p	0.00p	7.95p	7.20p

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	32.05	30.29	31.34	39.38	39.03
Intangible Assets	80.38	93.80	104.06	119.20	93.04
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	12.69	12.10	13.36	6.73	3.89
	125.11	136.19	148.75	165.31	135.95
Current Assets
Inventories	43.58	47.45	35.48	42.43	43.96
Trade & Other Receivables	47.24	50.35	53.22	63.61	57.34
Cash at Bank & in Hand	8.63	12.89	27.81	6.37	5.81
Current Asset Investments	0.19	0.53	0.00	0.00	0.19
Other Current Assets	15.05	0.00	0.00	0.00	0.00
	114.69	111.21	116.51	112.41	107.29

Total Assets	239.81	247.40	265.27	277.72	243.24

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	-9.75	-6.93
Other Current Liabilities	-61.26	-74.86	-74.67	-63.47	-55.22
	-61.26	-74.86	-74.67	-73.22	-62.15

Net Current Assets	53.44	36.35	41.84	39.19	45.14

Non-Current Liabilities
Borrowings	-38.30	-39.58	-69.47	-132.82	-92.07
Provisions	-5.34	-8.77	-14.53	-13.73	-11.48
Other Non-Current Liabilities	-3.47	-2.94	-2.97	-4.27	-3.10
	-47.11	-51.29	-86.97	-150.82	-106.64

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-108.37	-126.15	-161.64	-224.04	-168.79

Net Assets	131.44	121.25	103.63	53.68	74.45

Capital & Reserves
Share Capital	10.75	10.74	10.74	3.13	3.11
Share Premium Account	41.81	41.78	41.78	41.78	41.12
Other Reserves	43.95	47.58	50.07	5.68	1.31
Retained Earnings	34.93	21.15	1.04	3.09	28.91
Shareholders Funds	131.44	121.25	103.63	53.68	74.45

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	131.44	121.25	103.63	53.68	74.45

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	8.92	10.26	5.92	1.37	5.88
PEG - Adjusted	0.41	0.15	-0.08	3.43	0.36
Earnings per Share Growth - Adjusted	21.76%	68.82%	-77.91%	0.40%	16.50%
Dividend Cover	2.80	n/a	n/a	3.80	4.18
Revenue Per Share	110.82p	107.23p	147.22p	376.90p	335.69p
Pre-Tax Profit per Share	15.14p	12.12p	-7.11p	-45.91p	22.55p
Operating Margin	14.30%	12.47%	-2.51%	-9.33%	9.31%
Return on Capital Employed	34.18%	36.25%	-5.65%	-22.40%	20.58%

Continuing & Discontinued Operations
Dividend Yield	4.01%	0.00%	0.00%	19.27%	4.07%
Dividend per Share Growth	n/a	n/a	-100.00%	10.42%	11.63%
Net Asset Value per Share (exc. Intangibles)	24.02p	12.92p	-0.20p	-104.71p	-29.87p
Net Gearing	22.58%	22.02%	40.20%	253.73%	125.18%

Data is provided by Morningstar

E2V TECH - Fundamentals