NBI NORTHBRIDGE INDUSTRIAL SERVICES PLC ORD 10P

NORTHBRIDGE IND Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	30.81	24.90	19.33	12.72	15.73
Operating Profit/(Loss)	5.46	3.15	3.90	2.38	3.15
Net Interest	0.57	0.28	0.23	0.17	0.20
Profit Before Tax	4.88	2.89	3.68	2.21	2.97
Profit After Tax	3.71	2.32	3.04	1.57	1.92
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	3.71	2.32	3.04	1.57	1.92
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	3.71	2.32	3.04	1.57	1.92

Continuing EPS
Earnings per Share - Basic	24.00p	15.10p	25.80p	19.10p	25.30p
Earnings per Share - Diluted	23.80p	14.90p	25.50p	18.90p	25.00p
Earnings per Share - Adjusted	24.00p	15.10p	25.80p	19.10p	25.30p
Continuing and Discontinued EPS
Earnings per Share - Basic	24.00p	15.10p	25.80p	19.10p	25.30p
Earnings per Share - Diluted	23.80p	14.90p	25.50p	18.90p	25.00p
Earnings per Share - Adjusted	24.00p	15.10p	25.80p	19.10p	25.30p

Dividend per Share	5.10p	4.80p	4.25p	4.00p	3.30p

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	28.01	23.32	20.50	13.51	8.68
Intangible Assets	10.27	11.13	9.76	3.32	3.16
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
	38.27	34.46	30.26	16.82	11.83
Current Assets
Inventories	2.65	2.47	1.01	1.27	1.10
Trade & Other Receivables	9.08	8.45	6.22	3.16	4.09
Cash at Bank & in Hand	0.46	0.88	2.59	0.78	2.08
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
	12.19	11.80	9.81	5.20	7.26

Total Assets	50.46	46.25	40.07	22.02	19.09

Liabilities
Current Liabilities
Borrowings	-5.01	-4.19	-4.01	-2.29	-2.95
Other Current Liabilities	-4.78	-4.12	-4.59	-3.81	-3.77
	-9.79	-8.31	-8.61	-6.11	-6.72

Net Current Assets	2.40	3.49	1.21	-0.91	0.54

Non-Current Liabilities
Borrowings	-9.03	-8.03	-4.38	-2.12	-1.50
Provisions	-2.60	-2.98	-2.58	-1.23	-0.90
Other Non-Current Liabilities	-0.23	-0.73	0.00	-0.14	0.00
	-11.86	-11.73	-6.97	-3.49	-2.40

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-21.65	-20.04	-15.57	-9.59	-9.12

Net Assets	28.81	26.22	24.50	12.43	9.97

Capital & Reserves
Share Capital	1.56	1.55	1.55	0.91	0.76
Share Premium Account	13.37	13.20	13.15	6.97	5.55
Other Reserves	1.65	2.24	2.29	-0.36	0.06
Retained Earnings	12.23	9.23	7.51	4.91	3.60
Shareholders Funds	28.81	26.22	24.50	12.43	9.97

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	28.81	26.22	24.50	12.43	9.97

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	9.77	13.91	7.64	7.17	5.34
PEG - Adjusted	0.17	-0.34	0.22	-0.29	0.08
Earnings per Share Growth - Adjusted	58.94%	-41.47%	35.08%	-24.51%	65.36%
Dividend Cover	4.71	3.15	6.07	4.78	7.67
Revenue Per Share	199.80p	162.37p	164.50p	154.36p	207.41p
Pre-Tax Profit per Share	31.64p	18.83p	31.31p	26.83p	39.11p
Operating Margin	17.60%	12.64%	20.16%	18.74%	20.00%
Return on Capital Employed	15.50%	10.45%	15.18%	16.16%	26.06%

Continuing & Discontinued Operations
Dividend Yield	2.17%	2.29%	2.16%	2.92%	2.44%
Dividend per Share Growth	6.25%	12.94%	6.25%	21.21%	10.00%
Net Asset Value per Share (exc. Intangibles)	119.90p	98.24p	96.26p	101.90p	90.33p
Net Gearing	47.13%	43.25%	23.70%	29.27%	23.85%

Data is provided by Morningstar

NORTHBRIDGE IND - Fundamentals