ASHM ASHMORE GROUP PLC ORD 0.01P

ASHMORE Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
Revenue	334.20	342.80	281.40	245.70	241.50
Operating Profit/(Loss)	225.10	239.40	209.30	150.60	181.20
Net Interest	4.10	0.60	0.00	0.00	0.00
Profit Before Tax	243.20	245.90	217.20	159.80	196.20
Profit After Tax	185.70	190.20	160.60	115.50	141.00
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	185.70	190.20	160.60	115.50	141.00
Attributable to:
Minority Interests	-4.20	-1.20	-0.60	-0.50	-0.20
Equity Holders of Parent Company	181.50	189.00	160.00	115.00	140.80

Continuing EPS
Earnings per Share - Basic	26.82p	28.08p	23.87p	17.12p	21.03p
Earnings per Share - Diluted	25.80p	26.63p	22.51p	15.99p	19.89p
Earnings per Share - Adjusted	26.82p	28.08p	23.87p	17.12p	21.03p
Continuing and Discontinued EPS
Earnings per Share - Basic	26.82p	28.08p	23.87p	17.12p	21.03p
Earnings per Share - Diluted	25.80p	26.63p	22.51p	15.99p	19.89p
Earnings per Share - Adjusted	26.82p	28.08p	23.87p	17.12p	21.03p

Dividend per Share	14.59p	13.50p	12.00p	12.00p	10.36p

Balance Sheet (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Assets
Non-Current Assets
Property, Plant & Equipment	4.20	3.40	3.80	4.60	3.30
Intangible Assets	98.10	103.20	16.00	18.00	17.50
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	7.90	5.80	4.30	0.00	0.00
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	70.40	84.60	15.10	14.90	13.80
	180.60	197.00	39.20	37.50	34.60
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	64.10	68.20	45.70	33.10	34.70
Cash at Bank & in Hand	346.60	369.00	344.40	288.40	279.20
Current Asset Investments	61.10	0.00	39.90	5.60	1.20
Other Current Assets	54.60	41.40	35.90	34.80	16.40
	526.40	478.60	465.90	361.90	331.50

Total Assets	707.00	675.60	505.10	399.40	366.10

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-127.00	-124.90	-131.10	-87.40	-89.00
	-127.00	-124.90	-131.10	-87.40	-89.00

Net Current Assets	399.40	353.70	334.80	274.50	242.50

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-1.00	-1.60	-1.30	-1.50	-3.80
Other Non-Current Liabilities	-20.90	-34.20	0.00	0.00	0.00
	-21.90	-35.80	-1.30	-1.50	-3.80

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-148.90	-160.70	-132.40	-88.90	-92.80

Net Assets	558.10	514.90	372.70	310.50	273.30

Capital & Reserves
Share Capital	0.00	0.00	0.00	0.00	0.00
Share Premium Account	15.70	15.70	0.30	0.30	0.30
Other Reserves	5.00	9.30	4.40	0.00	0.00
Retained Earnings	516.60	473.50	365.80	308.20	271.50
Shareholders Funds	537.30	498.50	370.50	308.50	271.80

Minority Interests/Other Equity	20.80	16.40	2.20	2.00	1.50
Total Equity	558.10	514.90	372.70	310.50	273.30

Ratios - based on IFRS	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
PE Ratio - Adjusted	12.99	14.19	10.19	11.05	10.29
PEG - Adjusted	-2.89	0.80	0.26	-0.59	0.19
Earnings per Share Growth - Adjusted	-4.49%	17.64%	39.43%	-18.59%	53.50%
Dividend Cover	1.84	2.08	1.99	1.43	2.03
Revenue Per Share	49.40p	50.91p	42.00p	36.58p	36.06p
Pre-Tax Profit per Share	35.95p	36.52p	32.42p	23.79p	29.30p
Operating Margin	67.47%	69.84%	76.65%	61.29%	75.03%
Return on Capital Employed	53.64%	59.64%	60.67%	54.35%	75.58%

Continuing & Discontinued Operations
Dividend Yield	4.19%	3.39%	4.93%	6.34%	4.79%
Dividend per Share Growth	8.07%	12.50%	0.00%	15.83%	350.43%
Net Asset Value per Share (exc. Intangibles)	62.09p	55.84p	50.39p	41.29p	35.87p
Net Gearing	-64.51%	-74.02%	-92.96%	-93.48%	-102.72%

Data is provided by Morningstar

ASHMORE - Fundamentals