AVV AVEVA GROUP PLC ORD 3 1/3P

AVEVA GRP Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	195.94	173.99	148.33	164.04	127.56
Operating Profit/(Loss)	56.50	49.16	49.21	56.65	43.16
Net Interest	0.02	0.01	0.02	0.01	0.02
Profit Before Tax	57.74	49.80	49.57	59.20	44.97
Profit After Tax	39.97	34.49	33.44	42.15	34.25
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	39.97	34.49	33.44	42.15	34.25
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	39.97	34.49	33.44	42.15	34.25

Continuing EPS
Earnings per Share - Basic	58.86p	50.85p	49.36p	62.27p	50.80p
Earnings per Share - Diluted	58.73p	50.56p	49.08p	61.98p	50.38p
Earnings per Share - Adjusted	63.81p	56.08p	50.92p	69.99p	55.22p
Continuing and Discontinued EPS
Earnings per Share - Basic	58.86p	50.85p	49.36p	62.27p	50.80p
Earnings per Share - Diluted	58.73p	50.56p	49.08p	61.98p	50.38p
Earnings per Share - Adjusted	63.81p	56.08p	50.92p	69.99p	55.22p

Dividend per Share	18.89p	17.26p	9.50p	7.86p	4.59p

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	8.04	7.72	7.56	8.10	5.40
Intangible Assets	49.44	46.23	28.75	27.81	27.50
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	4.82	4.41	5.76	6.32	3.48
	62.31	58.36	42.07	42.22	36.38
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	68.64	74.21	45.89	57.51	43.94
Cash at Bank & in Hand	48.67	30.19	43.17	126.16	82.85
Current Asset Investments	130.51	123.00	106.56	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	247.82	227.40	195.61	183.68	126.78

Total Assets	310.12	285.76	237.68	225.90	163.16

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	-0.14
Other Current Liabilities	-76.93	-77.56	-53.95	-72.41	-53.62
	-76.93	-77.56	-53.95	-72.41	-53.76

Net Current Assets	170.89	149.84	141.66	111.27	73.03

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-1.86	-2.80	-1.43	-1.59	-2.07
Other Non-Current Liabilities	-9.88	-3.03	-13.08	-8.76	-1.59
	-11.73	-5.83	-14.51	-10.35	-3.66

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-88.66	-83.39	-68.45	-82.77	-57.42

Net Assets	221.46	202.37	169.22	143.13	105.75

Capital & Reserves
Share Capital	2.27	2.27	2.26	2.26	2.25
Share Premium Account	27.29	27.29	27.29	27.18	26.52
Other Reserves	14.97	17.63	14.46	13.54	8.53
Retained Earnings	176.94	155.19	125.22	100.16	68.45
Shareholders Funds	221.46	202.37	169.22	143.13	105.75

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	221.46	202.37	169.22	143.13	105.75

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	25.97	28.80	23.27	8.06	20.63
PEG - Adjusted	1.88	2.84	-0.85	0.30	0.28
Earnings per Share Growth - Adjusted	13.78%	10.13%	-27.25%	26.75%	74.14%
Dividend Cover	3.38	3.25	5.36	8.90	12.03
Revenue Per Share	288.56p	256.50p	218.97p	242.32p	189.22p
Pre-Tax Profit per Share	85.03p	73.41p	73.18p	87.45p	66.70p
Operating Margin	28.73%	27.96%	32.68%	34.38%	33.88%
Return on Capital Employed	31.43%	30.75%	32.00%	47.11%	54.83%

Continuing & Discontinued Operations
Dividend Yield	1.14%	1.07%	0.80%	1.39%	0.40%
Dividend per Share Growth	9.44%	81.68%	20.87%	71.24%	54.55%
Net Asset Value per Share (exc. Intangibles)	253.00p	229.71p	206.80p	170.05p	115.90p
Net Gearing	-21.98%	-14.92%	-25.51%	-88.15%	-78.21%

Data is provided by Morningstar

AVEVA GRP - Fundamentals