DTG DART GROUP PLC ORD 1.25P

DART GROUP Currency GBX

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	683.00	542.90	434.50	439.30	429.30
Operating Profit/(Loss)	28.50	26.90	22.50	39.90	13.50
Net Interest	1.80	2.00	2.40	2.80	3.90
Profit Before Tax	28.10	26.20	22.20	33.50	11.80
Profit After Tax	22.70	17.30	15.60	27.10	8.70
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	22.70	17.30	15.60	27.10	8.70
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	22.70	17.30	15.60	27.10	8.70

Continuing EPS
Earnings per Share - Basic	16.01p	12.20p	11.06p	19.27p	6.18p
Earnings per Share - Diluted	15.48p	11.68p	10.62p	18.80p	6.13p
Earnings per Share - Adjusted	16.01p	12.03p	9.54p	16.87p	2.15p
Continuing and Discontinued EPS
Earnings per Share - Basic	16.01p	12.20p	11.06p	19.27p	6.18p
Earnings per Share - Diluted	15.48p	11.68p	10.62p	18.80p	6.13p
Earnings per Share - Adjusted	16.01p	12.03p	9.54p	16.87p	2.15p

Dividend per Share	1.26p	1.15p	1.07p	0.00p	2.08p

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	234.90	222.20	191.40	190.50	193.40
Intangible Assets	6.80	6.80	7.00	6.80	6.80
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	3.60	19.70	2.90	2.40	1.60
Other Non-Current Assets	0.00	0.00	0.00	0.00	2.80
	245.30	248.70	201.30	199.70	204.60
Current Assets
Inventories	1.40	0.80	0.30	0.40	0.30
Trade & Other Receivables	117.40	74.10	66.80	45.10	50.00
Cash at Bank & in Hand	75.00	98.30	52.20	11.80	4.00
Current Asset Investments	102.80	48.20	18.80	32.70	13.70
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	296.60	221.40	138.10	90.00	68.00

Total Assets	541.90	470.10	339.40	289.70	272.60

Liabilities
Current Liabilities
Borrowings	-0.80	-0.70	-0.30	0.00	0.00
Other Current Liabilities	-327.50	-268.50	-191.30	-170.70	-153.00
	-328.30	-269.20	-191.60	-170.70	-153.00

Net Current Assets	-31.70	-47.80	-53.50	-80.70	-85.00

Non-Current Liabilities
Borrowings	-8.50	-8.70	-0.30	0.00	-21.20
Provisions	-32.90	-34.40	-25.10	-19.00	-18.60
Other Non-Current Liabilities	-13.30	-9.90	-6.90	-6.60	-5.40
	-54.70	-53.00	-32.30	-25.60	-45.20

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-383.00	-322.20	-223.90	-196.30	-198.20

Net Assets	158.90	147.90	115.50	93.40	74.40

Capital & Reserves
Share Capital	1.80	1.80	1.80	1.80	1.80
Share Premium Account	9.80	9.60	9.30	9.30	9.30
Other Reserves	15.10	25.60	9.60	1.90	10.20
Retained Earnings	132.20	110.90	94.80	80.40	53.10
Shareholders Funds	158.90	147.90	115.50	93.40	74.40

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	158.90	147.90	115.50	93.40	74.40

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	4.04	7.00	5.35	1.96	12.56
PEG - Adjusted	0.12	0.27	-0.12	0.00	-0.18
Earnings per Share Growth - Adjusted	33.08%	26.10%	-43.45%	684.65%	-71.49%
Dividend Cover	12.71	10.46	8.92	n/a	1.03
Revenue Per Share	480.55p	383.52p	307.90p	311.42p	304.40p
Pre-Tax Profit per Share	19.77p	18.51p	15.73p	23.75p	8.37p
Operating Margin	4.17%	4.95%	5.34%	8.24%	3.63%
Return on Capital Employed	15.39%	15.25%	18.33%	34.38%	14.62%

Continuing & Discontinued Operations
Dividend Yield	1.95%	1.36%	2.10%	0.00%	7.70%
Dividend per Share Growth	9.57%	7.48%	n/a	-100.00%	6.67%
Net Asset Value per Share (exc. Intangibles)	106.64p	99.45p	76.84p	61.39p	47.92p
Net Gearing	-41.35%	-60.11%	-44.68%	-12.63%	23.12%

Data is provided by Morningstar

DART GROUP - Fundamentals