LTHM LATHAM (JAMES) PLC ORD 25P

LATHAM(JAMES) Currency GBX

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	143.65	130.15	115.37	113.90	117.19
Operating Profit/(Loss)	7.72	8.07	6.44	3.81	6.61
Net Interest	0.05	0.01	0.01	0.01	0.07
Profit Before Tax	7.19	8.00	5.59	4.17	7.12
Profit After Tax	6.07	5.88	4.11	2.27	5.06
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	6.07	5.88	4.11	2.27	5.06
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	6.07	5.88	4.11	2.27	5.06

Continuing EPS
Earnings per Share - Basic	31.90p	30.80p	21.50p	11.80p	25.70p
Earnings per Share - Diluted	31.40p	30.50p	21.40p	11.70p	25.60p
Earnings per Share - Adjusted	31.90p	30.80p	21.50p	11.80p	25.70p
Continuing and Discontinued EPS
Earnings per Share - Basic	31.90p	30.80p	21.50p	11.80p	25.70p
Earnings per Share - Diluted	31.40p	30.50p	21.40p	11.70p	25.60p
Earnings per Share - Adjusted	31.90p	30.80p	21.50p	11.80p	25.70p

Dividend per Share	9.25p	8.25p	6.75p	8.10p	7.90p

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	22.67	18.54	18.36	18.50	17.52
Intangible Assets	0.36	0.37	0.38	0.38	0.39
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	0.33
	23.03	18.90	18.73	18.88	18.23
Current Assets
Inventories	24.83	24.77	19.21	16.25	18.18
Trade & Other Receivables	29.13	28.53	23.66	21.33	24.83
Cash at Bank & in Hand	7.00	7.11	10.55	10.72	8.63
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.76	0.00	0.00	0.00	0.00
	61.72	60.41	53.41	48.30	51.63

Total Assets	84.76	79.31	72.15	67.18	69.87

Liabilities
Current Liabilities
Borrowings	-1.16	-0.01	-0.02	-0.02	-0.38
Other Current Liabilities	-20.97	-21.41	-17.81	-15.18	-18.68
	-22.13	-21.42	-17.83	-15.20	-19.06

Net Current Assets	39.60	38.99	35.58	33.10	32.57

Non-Current Liabilities
Borrowings	-1.42	0.00	-0.01	-0.03	-0.05
Provisions	-0.35	-1.83	-1.92	-2.94	-1.89
Other Non-Current Liabilities	-13.94	-10.25	-10.15	-7.12	-6.74
	-15.71	-12.08	-12.08	-10.09	-8.69

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-37.83	-33.50	-29.91	-25.29	-27.75

Net Assets	46.92	45.82	42.24	41.89	42.12

Capital & Reserves
Share Capital	5.04	5.04	5.04	5.04	5.04
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	-0.21	-0.32	-0.17	-0.14	-0.33
Retained Earnings	42.09	41.10	37.37	36.99	37.41
Shareholders Funds	46.92	45.82	42.24	41.89	42.12

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	46.92	45.82	42.24	41.89	42.12

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	8.98	8.17	8.19	10.00	8.33
PEG - Adjusted	2.52	0.19	0.10	-0.18	0.19
Earnings per Share Growth - Adjusted	3.57%	43.26%	82.20%	-54.09%	44.38%
Dividend Cover	3.45	3.73	3.19	1.46	3.25
Revenue Per Share	754.28p	682.35p	603.03p	590.45p	594.92p
Pre-Tax Profit per Share	37.73p	41.96p	29.20p	21.63p	36.17p
Operating Margin	4.98%	6.00%	4.73%	2.95%	5.39%
Return on Capital Employed	11.71%	14.35%	10.73%	8.41%	14.63%

Continuing & Discontinued Operations
Dividend Yield	3.23%	3.28%	3.84%	6.86%	3.69%
Dividend per Share Growth	12.12%	22.22%	-16.67%	2.53%	23.44%
Net Asset Value per Share (exc. Intangibles)	242.00p	236.20p	217.56p	215.73p	212.65p
Net Gearing	-9.43%	-15.50%	-24.89%	-25.46%	-19.45%

Data is provided by Morningstar

LATHAM(JAMES) - Fundamentals