VTU VERTU MOTORS PLC ORD 10P

VERTU MOTORS Currency GBX

Income Statement (£ m)	29-Feb-12	28-Feb-11	28-Feb-10	28-Feb-09	29-Feb-08
Continuing Operations
Revenue	1044.12	945.74	755.34	760.81	677.18
Operating Profit/(Loss)	6.69	6.29	5.82	2.11	1.38
Net Interest	1.08	0.66	1.05	2.25	1.67
Profit Before Tax	5.54	5.25	4.63	0.07	0.14
Profit After Tax	5.03	4.02	3.78	0.86	0.07
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	5.03	4.02	3.78	0.86	0.07
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	5.03	4.02	3.78	0.86	0.07

Continuing EPS
Earnings per Share - Basic	2.53p	2.02p	2.23p	0.93p	0.09p
Earnings per Share - Diluted	2.53p	2.02p	2.23p	0.93p	0.09p
Earnings per Share - Adjusted	3.19p	3.23p	3.20p	3.73p	1.60p
Continuing and Discontinued EPS
Earnings per Share - Basic	2.53p	2.02p	2.23p	0.93p	0.09p
Earnings per Share - Diluted	2.53p	2.02p	2.23p	0.93p	0.09p
Earnings per Share - Adjusted	3.19p	3.23p	3.20p	3.73p	1.60p

Dividend per Share	0.50p	0.20p	0.00p	0.00p	0.00p

Balance Sheet (£ m)	29-Feb-12	28-Feb-11	28-Feb-10	28-Feb-09	29-Feb-08
Assets
Non-Current Assets
Property, Plant & Equipment	87.37	74.06	67.03	49.81	47.45
Intangible Assets	21.61	21.57	21.07	19.66	19.57
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	0.08	0.00	0.00	0.00
Other Non-Current Assets	1.69	2.30	0.00	10.38	14.51
	110.67	98.01	88.10	79.85	81.53
Current Assets
Inventories	208.44	191.66	166.31	155.70	131.58
Trade & Other Receivables	28.25	28.83	22.08	19.79	14.10
Cash at Bank & in Hand	12.86	23.44	34.35	12.91	9.46
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	6.63	4.90	0.00	0.00
	249.54	250.56	227.63	188.40	155.14

Total Assets	360.21	348.56	315.74	268.24	236.67

Liabilities
Current Liabilities
Borrowings	-2.00	-0.50	-0.17	-2.00	-3.12
Other Current Liabilities	-242.20	-233.09	-206.37	-187.43	-142.58
	-244.20	-233.59	-206.54	-189.43	-145.70

Net Current Assets	5.35	16.96	21.10	-1.03	9.44

Non-Current Liabilities
Borrowings	-7.35	-9.30	-10.66	-14.34	-23.26
Provisions	-7.98	-8.17	-6.10	-5.85	-6.90
Other Non-Current Liabilities	-0.21	0.00	-1.93	-1.43	-0.58
	-15.54	-17.47	-18.68	-21.62	-30.75

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-259.74	-251.06	-225.21	-211.05	-176.44

Net Assets	100.48	97.50	90.52	57.20	60.23

Capital & Reserves
Share Capital	19.93	19.93	19.76	9.20	9.19
Share Premium Account	60.51	60.51	60.51	40.99	40.99
Other Reserves	8.66	8.88	7.66	6.94	7.62
Retained Earnings	11.38	8.19	2.60	0.07	2.42
Shareholders Funds	100.48	97.50	90.52	57.20	60.23

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	100.48	97.50	90.52	57.20	60.23

Ratios - based on IFRS	29-Feb-12	28-Feb-11	28-Feb-10	28-Feb-09	29-Feb-08
Continuing Operations
PE Ratio - Adjusted	9.01	8.51	12.19	3.82	25.94
PEG - Adjusted	-7.27	9.05	-0.86	0.03	n/a
Earnings per Share Growth - Adjusted	-1.24%	0.94%	-14.21%	133.13%	n/a
Dividend Cover	6.38	16.15	n/a	n/a	n/a
Revenue Per Share	546.10p	502.22p	483.93p	827.14p	834.27p
Pre-Tax Profit per Share	2.78p	2.64p	2.73p	0.07p	0.17p
Operating Margin	0.60%	0.52%	0.62%	0.28%	0.24%
Return on Capital Employed	6.88%	6.29%	6.54%	3.88%	2.44%

Continuing & Discontinued Operations
Dividend Yield	1.74%	0.73%	0.00%	0.00%	0.00%
Dividend per Share Growth	150.00%	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	39.58p	38.10p	35.15p	40.82p	44.21p
Net Gearing	-3.49%	-13.99%	-25.99%	5.99%	28.10%

Data is provided by Morningstar

VERTU MOTORS - Fundamentals