SEPU SEPURA PLC ORD GBP0.0005

SEPURA Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	30-Mar-12	01-Apr-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	69.17	72.86	78.87	74.10	68.11
Operating Profit/(Loss)	4.06	3.80	9.54	10.51	12.53
Net Interest	0.26	0.25	0.30	0.87	1.20
Profit Before Tax	3.82	2.44	9.38	10.00	11.99
Profit After Tax	5.11	4.20	8.54	8.73	8.67
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	5.11	4.20	8.54	8.73	8.67
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	5.11	4.20	8.54	8.73	8.67

Continuing EPS
Earnings per Share - Basic	3.75p	3.10p	6.30p	6.40p	6.80p
Earnings per Share - Diluted	3.67p	3.01p	6.20p	6.30p	6.30p
Earnings per Share - Adjusted	5.00p	3.36p	5.10p	7.70p	8.40p
Continuing and Discontinued EPS
Earnings per Share - Basic	3.75p	3.10p	6.30p	6.40p	6.80p
Earnings per Share - Diluted	3.67p	3.01p	6.20p	6.30p	6.30p
Earnings per Share - Adjusted	5.00p	3.36p	5.10p	7.70p	8.40p

Dividend per Share	1.39p	1.30p	1.27p	1.27p	0.00p

Balance Sheet (£ m)	30-Mar-12	01-Apr-11	31-Mar-10	31-Mar-09	31-Mar-08
Assets
Non-Current Assets
Property, Plant & Equipment	2.75	2.42	3.13	4.10	3.66
Intangible Assets	23.51	26.05	24.94	22.75	18.76
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	5.36	4.09	2.20	2.52	4.21
	31.62	32.56	30.27	29.37	26.63
Current Assets
Inventories	9.56	10.45	6.64	10.20	8.50
Trade & Other Receivables	29.52	25.42	33.63	21.41	16.13
Cash at Bank & in Hand	5.30	11.12	9.13	15.77	15.60
Current Asset Investments	0.72	0.00	0.06	0.00	0.03
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	45.10	46.99	49.46	47.38	40.26

Total Assets	76.72	79.55	79.72	76.75	66.88

Liabilities
Current Liabilities
Borrowings	0.00	-2.95	-2.95	-2.95	-3.23
Other Current Liabilities	-20.70	-21.57	-22.42	-24.40	-19.72
	-20.70	-24.52	-25.38	-27.35	-22.94

Net Current Assets	24.40	22.47	24.08	20.03	17.32

Non-Current Liabilities
Borrowings	0.00	-1.48	-4.43	-7.38	-10.33
Provisions	-0.81	-0.89	-0.64	-0.81	-0.61
Other Non-Current Liabilities	-6.56	-6.49	-6.02	-5.38	-4.42
	-7.36	-8.86	-11.09	-13.57	-15.36

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-28.07	-33.38	-36.46	-40.92	-38.30

Net Assets	48.65	46.17	43.26	35.83	28.59

Capital & Reserves
Share Capital	0.07	0.07	0.07	0.07	0.07
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	0.00	0.00	0.00	0.00	0.00
Retained Earnings	48.59	46.10	43.19	35.76	28.52
Shareholders Funds	48.65	46.17	43.26	35.83	28.59

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	48.65	46.17	43.26	35.83	28.59

Ratios - based on IFRS	30-Mar-12	01-Apr-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	10.70	14.14	8.33	4.16	9.40
PEG - Adjusted	0.22	-0.42	-0.25	-0.50	0.16
Earnings per Share Growth - Adjusted	48.66%	-34.04%	-33.77%	-8.33%	58.49%
Dividend Cover	3.60	2.59	4.02	6.06	n/a
Revenue Per Share	50.37p	53.06p	57.79p	54.32p	53.19p
Pre-Tax Profit per Share	2.78p	1.78p	6.87p	7.33p	9.36p
Operating Margin	5.87%	3.65%	12.18%	14.18%	18.40%
Return on Capital Employed	15.69%	10.57%	36.75%	44.87%	54.97%

Continuing & Discontinued Operations
Dividend Yield	2.60%	2.74%	2.99%	3.97%	0.00%
Dividend per Share Growth	6.92%	2.36%	0.00%	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	18.31p	14.65p	13.42p	9.59p	7.21p
Net Gearing	-10.89%	-14.48%	-4.04%	-15.19%	-7.14%

Data is provided by Morningstar

SEPURA - Fundamentals