BEG BEGBIES TRAYNOR GROUP PLC ORD 5P

BEGBIES Currency GBX

Income Statement (£ m)	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Continuing Operations
Revenue	57.74	60.55	62.79	62.14	48.11
Operating Profit/(Loss)	5.45	5.75	10.17	7.25	5.68
Net Interest	1.14	0.95	0.51	1.18	1.09
Profit Before Tax	5.45	5.75	10.17	7.25	5.68
Profit After Tax	3.96	3.90	6.72	4.63	3.80
Discontinued Operations
Profit After Tax	-2.53	-0.23	-1.00	-0.60	-2.75
PROFIT FOR THE PERIOD	1.43	3.67	5.72	4.03	1.05
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.12
Equity Holders of Parent Company	1.43	3.67	5.72	4.03	1.17

Continuing EPS
Earnings per Share - Basic	4.40p	4.30p	7.50p	5.40p	4.70p
Earnings per Share - Diluted	4.40p	4.30p	7.50p	5.40p	4.70p
Earnings per Share - Adjusted	6.00p	6.40p	8.50p	7.70p	6.00p
Continuing and Discontinued EPS
Earnings per Share - Basic	-6.40p	0.20p	6.30p	4.40p	1.40p
Earnings per Share - Diluted	-6.40p	0.20p	6.30p	4.40p	1.40p
Earnings per Share - Adjusted	3.18p	6.15p	7.38p	7.00p	2.70p

Dividend per Share	2.20p	1.90p	2.90p	2.60p	2.50p

Balance Sheet (£ m)	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Assets
Non-Current Assets
Property, Plant & Equipment	2.68	6.82	7.07	7.01	6.84
Intangible Assets	50.94	51.42	53.31	53.72	50.60
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	0.00	0.00	0.00	0.00	0.00
	53.62	58.24	60.38	60.73	57.45
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	43.77	43.30	46.76	40.43	29.56
Cash at Bank & in Hand	4.30	4.33	3.12	0.25	0.55
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.20	9.55	0.00	0.00	1.14
	48.27	57.18	49.88	40.68	31.25

Total Assets	101.89	115.42	110.26	101.41	88.70

Liabilities
Current Liabilities
Borrowings	-0.21	-1.72	-2.28	-5.41	-2.32
Other Current Liabilities	-12.40	-16.85	-14.73	-13.49	-14.83
	-12.61	-18.57	-17.01	-18.90	-17.15

Net Current Assets	35.65	38.61	32.86	21.78	14.10

Non-Current Liabilities
Borrowings	-24.15	-24.92	-21.08	-12.33	-16.03
Provisions	-6.57	-5.05	-4.56	-3.52	-2.23
Other Non-Current Liabilities	-0.09	-1.03	-0.43	-2.94	-3.83
	-30.81	-30.99	-26.07	-18.79	-22.10

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-43.42	-49.56	-43.08	-37.68	-39.25

Net Assets	58.47	65.86	67.17	63.72	49.45

Capital & Reserves
Share Capital	4.65	4.58	4.53	4.46	4.06
Share Premium Account	17.52	17.44	34.69	34.38	22.16
Other Reserves	17.55	17.53	17.58	17.59	17.58
Retained Earnings	18.74	26.31	10.38	7.29	5.65
Shareholders Funds	58.47	65.86	67.17	63.72	49.45

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	58.47	65.86	67.17	63.72	49.45

Ratios - based on IFRS	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Continuing Operations
PE Ratio - Adjusted	4.81	8.14	9.03	14.42	19.92
PEG - Adjusted	-0.77	-0.33	0.87	0.51	-0.80
Earnings per Share Growth - Adjusted	-6.25%	-24.71%	10.39%	28.33%	-25.00%
Dividend Cover	2.73	3.37	2.93	2.96	2.40
Revenue Per Share	64.30p	67.56p	70.26p	72.19p	59.37p
Pre-Tax Profit per Share	6.07p	6.41p	11.38p	8.42p	7.01p
Operating Margin	11.42%	11.06%	17.01%	13.57%	14.06%
Return on Capital Employed	17.15%	14.52%	25.55%	26.98%	34.79%

Continuing & Discontinued Operations
Dividend Yield	7.62%	3.65%	3.78%	2.34%	2.09%
Dividend per Share Growth	15.79%	-34.48%	11.54%	4.00%	25.00%
Net Asset Value per Share (exc. Intangibles)	8.37p	16.11p	15.50p	11.22p	-1.42p
Net Gearing	34.30%	33.86%	30.14%	27.44%	36.00%

Data is provided by Morningstar

BEGBIES - Fundamentals