ACMG ACM SHIPPING GROUP PLC ORD 1P

ACM SHIP Currency GBX

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	26.58	29.26	25.85	30.14	19.64
Operating Profit/(Loss)	-4.08	5.16	6.19	8.12	4.57
Net Interest	0.00	0.00	0.00	0.05	0.01
Profit Before Tax	-3.80	5.30	6.17	8.12	4.82
Profit After Tax	-4.88	3.74	4.30	5.84	3.07
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-4.88	3.74	4.30	5.84	3.07
Attributable to:
Minority Interests	0.33	0.29	0.00	0.00	0.00
Equity Holders of Parent Company	-4.55	4.03	4.30	5.84	3.07

Continuing EPS
Earnings per Share - Basic	-23.80p	21.70p	24.50p	33.40p	19.30p
Earnings per Share - Diluted	-23.80p	21.60p	24.40p	33.20p	19.20p
Earnings per Share - Adjusted	17.70p	24.80p	26.30p	35.90p	22.30p
Continuing and Discontinued EPS
Earnings per Share - Basic	-23.80p	21.70p	24.50p	33.40p	19.30p
Earnings per Share - Diluted	-23.80p	21.60p	24.40p	33.20p	19.20p
Earnings per Share - Adjusted	17.70p	24.80p	26.30p	35.90p	22.30p

Dividend per Share	10.15p	9.75p	8.75p	6.50p	4.00p

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	1.25	0.45	0.39	0.55	0.48
Intangible Assets	7.72	15.81	10.18	10.62	8.70
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	1.05	1.05	1.21	1.49	1.51
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	1.00	0.37	0.60	0.34	0.29
	11.01	17.68	12.38	13.00	10.99
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	5.99	5.29	5.85	6.00	3.98
Cash at Bank & in Hand	3.09	4.96	4.27	4.94	3.57
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
	9.08	10.25	10.12	10.93	7.54

Total Assets	20.09	27.92	22.50	23.93	18.53

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-5.82	-7.07	-7.06	-10.33	-9.23
	-5.82	-7.07	-7.06	-10.33	-9.23

Net Current Assets	3.26	3.18	3.06	0.60	-1.68

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-0.57	-0.65	0.00	-0.21	-0.39
Other Non-Current Liabilities	-1.73	-0.32	-2.09	-1.21	-1.05
	-2.30	-0.97	-2.09	-1.41	-1.44

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-8.13	-8.04	-9.15	-11.75	-10.67

Net Assets	11.97	19.89	13.35	12.19	7.87

Capital & Reserves
Share Capital	0.20	0.20	0.18	0.18	0.17
Share Premium Account	6.82	6.82	3.73	3.73	3.73
Other Reserves	-0.21	-0.57	-0.68	0.06	-0.13
Retained Earnings	5.55	13.72	10.13	8.22	4.09
Shareholders Funds	12.36	20.17	13.35	12.19	7.87

Minority Interests/Other Equity	-0.40	-0.29	0.00	0.00	0.00
Total Equity	11.97	19.89	13.35	12.19	7.87

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	7.12	8.35	7.22	4.53	10.18
PEG - Adjusted	-0.25	-1.46	-0.27	0.07	0.20
Earnings per Share Growth - Adjusted	-28.63%	-5.70%	-26.74%	60.99%	49.66%
Dividend Cover	1.74	2.54	3.01	5.52	5.58
Revenue Per Share	139.43p	157.75p	147.39p	172.60p	123.19p
Pre-Tax Profit per Share	-19.94p	28.58p	35.16p	46.47p	30.21p
Operating Margin	-18.13%	14.04%	18.63%	22.07%	17.22%
Return on Capital Employed	-58.01%	104.99%	117.35%	273.91%	801.99%

Continuing & Discontinued Operations
Dividend Yield	8.06%	4.71%	4.61%	4.00%	1.76%
Dividend per Share Growth	4.10%	11.43%	34.62%	62.50%	n/a
Net Asset Value per Share (exc. Intangibles)	23.86p	22.43p	17.90p	8.89p	-4.84p
Net Gearing	-25.01%	-24.56%	-31.96%	-40.49%	-45.33%

Data is provided by Morningstar

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