MTW MATTIOLI WOODS PLC ORD 1P

MATTIOLI Currency GBX

Income Statement (£ m)	31-May-12	31-May-11	31-May-10	31-May-09	31-May-08
Continuing Operations
Revenue	20.48	15.36	13.68	13.28	10.83
Operating Profit/(Loss)	4.13	4.49	4.23	3.81	3.31
Net Interest	0.01	0.00	0.00	0.01	0.02
Profit Before Tax	4.18	4.55	4.27	3.90	3.51
Profit After Tax	3.08	3.33	3.00	2.72	2.47
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	3.08	3.33	3.00	2.72	2.47
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	3.08	3.33	3.00	2.72	2.47

Continuing EPS
Earnings per Share - Basic	17.11p	18.89p	17.20p	15.73p	14.29p
Earnings per Share - Diluted	16.96p	18.45p	16.38p	14.97p	14.29p
Earnings per Share - Adjusted	22.02p	21.17p	17.20p	17.08p	15.46p
Continuing and Discontinued EPS
Earnings per Share - Basic	17.11p	18.89p	17.20p	15.73p	14.29p
Earnings per Share - Diluted	16.96p	18.45p	16.38p	14.97p	14.29p
Earnings per Share - Adjusted	22.02p	21.17p	17.20p	17.08p	15.46p

Dividend per Share	5.15p	4.55p	4.20p	3.15p	2.70p

Balance Sheet (£ m)	31-May-12	31-May-11	31-May-10	31-May-09	31-May-08
Assets
Non-Current Assets
Property, Plant & Equipment	1.02	0.94	0.73	0.64	0.73
Intangible Assets	23.14	12.94	11.05	10.06	10.07
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	0.16	0.21	0.13	0.13	0.17
	24.31	14.09	11.91	10.82	10.96
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	8.13	7.61	5.66	5.02	4.69
Cash at Bank & in Hand	5.80	4.61	5.79	4.81	2.54
Current Asset Investments	1.08	0.87	0.00	0.12	0.53
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	15.01	13.10	11.45	9.95	7.76

Total Assets	39.32	27.18	23.36	20.77	18.72

Liabilities
Current Liabilities
Borrowings	-0.65	0.00	0.00	0.00	-0.02
Other Current Liabilities	-7.61	-4.11	-3.68	-3.71	-3.67
	-8.26	-4.11	-3.68	-3.71	-3.69

Net Current Assets	6.74	8.99	7.77	6.24	4.07

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	-0.01
Provisions	-5.59	-0.85	-0.58	-0.51	-0.63
Other Non-Current Liabilities	0.00	-0.12	-0.12	-0.10	-0.37
	-5.59	-0.97	-0.70	-0.61	-1.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-13.85	-5.08	-4.38	-4.31	-4.69

Net Assets	25.47	22.10	18.98	16.46	14.03

Capital & Reserves
Share Capital	0.18	0.18	0.17	0.17	0.17
Share Premium Account	7.64	6.29	5.92	5.77	5.60
Other Reserves	2.63	2.76	2.55	2.46	2.37
Retained Earnings	15.02	12.87	10.34	8.06	5.88
Shareholders Funds	25.47	22.10	18.98	16.46	14.03

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	25.47	22.10	18.98	16.46	14.03

Ratios - based on IFRS	31-May-12	31-May-11	31-May-10	31-May-09	31-May-08
Continuing Operations
PE Ratio - Adjusted	7.72	13.27	12.59	13.47	18.40
PEG - Adjusted	1.92	0.57	17.99	1.29	1.20
Earnings per Share Growth - Adjusted	4.02%	23.08%	0.70%	10.48%	15.37%
Dividend Cover	4.28	4.65	4.10	5.42	5.73
Revenue Per Share	113.82p	87.17p	78.32p	77.15p	62.89p
Pre-Tax Profit per Share	23.23p	25.81p	24.45p	22.64p	20.38p
Operating Margin	20.17%	29.22%	30.90%	28.69%	30.53%
Return on Capital Employed	48.86%	45.43%	50.16%	56.50%	76.33%

Continuing & Discontinued Operations
Dividend Yield	3.03%	1.62%	1.94%	1.37%	0.95%
Dividend per Share Growth	13.19%	8.33%	33.33%	16.67%	20.00%
Net Asset Value per Share (exc. Intangibles)	12.85p	52.11p	45.72p	37.04p	23.01p
Net Gearing	-20.19%	-20.87%	-30.50%	-29.21%	-17.89%

Data is provided by Morningstar

MATTIOLI - Fundamentals