UTV UTV MEDIA PLC ORD 5P

UTV MEDIA Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	120.11	121.55	118.86	112.08	119.67
Operating Profit/(Loss)	23.85	-18.15	-8.93	23.41	25.40
Net Interest	2.57	3.10	3.29	3.99	9.53
Profit Before Tax	20.98	-21.66	-13.69	17.52	16.20
Profit After Tax	15.64	-25.26	-8.12	12.37	11.30
Discontinued Operations
Profit After Tax	0.00	-0.21	-0.21	-0.31	-1.37
PROFIT FOR THE PERIOD	15.64	-25.47	-8.34	12.06	9.93
Attributable to:
Minority Interests	-0.36	-0.42	-0.42	-0.61	-0.28
Equity Holders of Parent Company	15.28	-25.89	-8.75	11.45	9.65

Continuing EPS
Earnings per Share - Basic	16.05p	-26.94p	-8.95p	12.32p	14.26p
Earnings per Share - Diluted	15.94p	-26.94p	-8.95p	12.32p	14.26p
Earnings per Share - Adjusted	17.03p	19.08p	17.01p	14.49p	20.61p
Continuing and Discontinued EPS
Earnings per Share - Basic	16.05p	-27.16p	-9.17p	11.67p	11.62p
Earnings per Share - Diluted	15.94p	-27.16p	-9.17p	11.67p	11.62p
Earnings per Share - Adjusted	17.03p	18.86p	16.79p	14.15p	18.84p

Dividend per Share	6.25p	4.50p	3.00p	2.00p	11.60p

Balance Sheet (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Assets
Non-Current Assets
Property, Plant & Equipment	11.91	11.27	10.70	11.44	11.58
Intangible Assets	176.59	173.78	221.86	261.03	270.54
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.10	0.13	0.17	0.14	0.15
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	4.25	6.51	9.88	14.26	16.78
	192.85	191.69	242.60	286.86	299.06
Current Assets
Inventories	1.64	1.53	1.74	1.47	0.49
Trade & Other Receivables	25.16	25.86	28.18	31.78	30.90
Cash at Bank & in Hand	10.96	7.21	11.25	8.43	9.28
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
	37.76	34.60	41.17	41.68	40.67

Total Assets	230.62	226.28	283.77	328.54	339.72

Liabilities
Current Liabilities
Borrowings	-4.29	-8.17	-8.25	-8.37	-8.65
Other Current Liabilities	-29.00	-35.27	-36.29	-39.88	-35.47
	-33.30	-43.44	-44.54	-48.26	-44.12

Net Current Assets	4.47	-8.84	-3.37	-6.58	-3.45

Non-Current Liabilities
Borrowings	-58.95	-53.75	-74.49	-88.53	-108.27
Provisions	-36.95	-36.70	-39.39	-50.64	-50.14
Other Non-Current Liabilities	-12.41	-8.78	-7.17	-11.00	-8.59
	-108.31	-99.23	-121.05	-150.17	-167.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-141.61	-142.66	-165.59	-198.43	-211.12

Net Assets	89.01	83.62	118.18	130.12	128.61

Capital & Reserves
Share Capital	55.56	55.56	55.56	55.56	55.56
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	4.29	5.18	7.71	10.40	15.98
Retained Earnings	28.68	22.41	54.44	63.41	56.48
Shareholders Funds	88.53	83.15	117.71	129.37	128.02

Minority Interests/Other Equity	0.48	0.47	0.48	0.75	0.59
Total Equity	89.01	83.62	118.18	130.12	128.61

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	7.15	4.85	8.04	6.76	5.34
PEG - Adjusted	-0.67	0.40	0.46	-0.23	-0.18
Earnings per Share Growth - Adjusted	-10.74%	12.17%	17.39%	-29.69%	-29.73%
Dividend Cover	2.72	4.24	5.67	7.25	1.78
Revenue Per Share	126.16p	127.54p	124.59p	117.48p	154.86p
Pre-Tax Profit per Share	22.04p	-22.72p	-14.35p	18.37p	20.97p
Operating Margin	19.42%	-15.51%	-9.27%	18.58%	20.72%
Return on Capital Employed	94.10%	-108.97%	-41.18%	77.86%	76.33%

Continuing & Discontinued Operations
Dividend Yield	5.13%	4.86%	2.19%	2.04%	10.55%
Dividend per Share Growth	38.89%	50.00%	50.00%	-82.76%	n/a
Net Asset Value per Share (exc. Intangibles)	-91.82p	-94.50p	-108.60p	-137.29p	-148.62p
Net Gearing	59.06%	65.80%	60.74%	68.39%	84.08%

Data is provided by Morningstar

UTV MEDIA - Fundamentals