EMR EMPRESARIA GROUP PLC ORD 5P

EMPRESARIA Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	194.30	208.90	206.80	190.50	207.70
Operating Profit/(Loss)	4.40	2.80	7.20	-1.00	2.40
Net Interest	0.70	0.70	0.80	0.70	0.70
Profit Before Tax	3.60	1.90	6.50	-1.50	1.30
Profit After Tax	1.90	0.80	4.40	-2.30	-0.50
Discontinued Operations
Profit After Tax	0.00	0.00	-0.10	-0.30	0.00
PROFIT FOR THE PERIOD	1.90	0.80	4.30	-2.60	-0.50
Attributable to:
Minority Interests	-0.50	-0.50	-1.50	-0.80	-1.10
Equity Holders of Parent Company	1.40	0.30	2.80	-3.40	-1.60

Continuing EPS
Earnings per Share - Basic	3.00p	0.60p	6.50p	-7.60p	-4.80p
Earnings per Share - Diluted	3.00p	0.60p	6.50p	-7.60p	-4.80p
Earnings per Share - Adjusted	5.00p	4.10p	6.40p	3.90p	8.60p
Continuing and Discontinued EPS
Earnings per Share - Basic	3.00p	-0.40p	7.00p	-11.60p	-4.80p
Earnings per Share - Diluted	3.00p	-0.40p	7.00p	-11.60p	-4.80p
Earnings per Share - Adjusted	5.00p	4.00p	6.18p	3.10p	8.60p

Dividend per Share	0.35p	0.35p	0.35p	0.35p	0.55p

Balance Sheet (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Assets
Non-Current Assets
Property, Plant & Equipment	1.30	1.70	1.90	2.00	2.30
Intangible Assets	26.60	27.30	28.90	29.20	34.40
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.10
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	1.20	1.80	1.90	1.00	1.30
	29.10	30.80	32.70	32.20	38.10
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	27.40	30.30	31.00	28.50	33.30
Cash at Bank & in Hand	6.20	6.00	7.10	4.90	5.70
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
	33.60	36.30	38.10	33.40	39.00

Total Assets	62.70	67.10	70.80	65.60	77.10

Liabilities
Current Liabilities
Borrowings	-6.40	-3.00	-12.70	-4.30	-5.40
Other Current Liabilities	-23.50	-27.10	-27.80	-25.00	-30.40
	-29.90	-30.10	-40.50	-29.30	-35.80

Net Current Assets	3.70	6.20	-2.40	4.10	3.20

Non-Current Liabilities
Borrowings	-7.90	-8.60	-0.50	-8.60	-8.60
Provisions	-0.90	-0.80	-0.60	-0.60	-0.60
Other Non-Current Liabilities	0.00	0.00	0.00	-0.20	-0.80
	-8.80	-9.40	-1.10	-9.40	-10.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-38.70	-39.50	-41.60	-38.70	-45.80

Net Assets	24.00	27.60	29.20	26.90	31.30

Capital & Reserves
Share Capital	2.20	2.20	2.20	2.20	1.70
Share Premium Account	19.40	19.40	19.40	19.40	17.00
Other Reserves	-2.60	2.80	2.50	4.10	6.60
Retained Earnings	1.60	-0.30	1.50	-1.50	3.40
Shareholders Funds	20.60	24.10	25.60	24.20	28.70

Minority Interests/Other Equity	3.40	3.50	3.60	2.70	2.60
Total Equity	24.00	27.60	29.20	26.90	31.30

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	4.05	4.57	8.13	8.72	3.20
PEG - Adjusted	0.18	-0.13	0.13	-0.16	-0.49
Earnings per Share Growth - Adjusted	21.95%	-35.94%	64.10%	-54.65%	-6.52%
Dividend Cover	14.29	11.71	18.29	11.14	15.64
Revenue Per Share	435.65p	468.39p	463.68p	468.95p	618.25p
Pre-Tax Profit per Share	8.07p	4.26p	14.57p	-3.69p	3.87p
Operating Margin	2.16%	0.96%	3.48%	-0.52%	0.87%
Return on Capital Employed	34.13%	20.47%	51.77%	-7.14%	17.39%

Continuing & Discontinued Operations
Dividend Yield	1.73%	1.87%	0.67%	1.03%	2.00%
Dividend per Share Growth	0.00%	0.00%	0.00%	-36.36%	10.00%
Net Asset Value per Share (exc. Intangibles)	-13.46p	-7.18p	-7.41p	-11.22p	-16.73p
Net Gearing	39.32%	23.24%	23.83%	33.06%	28.92%

Data is provided by Morningstar

EMPRESARIA - Fundamentals