PLA PLASTICS CAPITAL PLC ORD 1P

PLASTICS CAP. Currency GBX

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	32.10	33.51	26.69	28.19	20.13
Operating Profit/(Loss)	3.25	3.53	2.46	0.56	1.56
Net Interest	0.56	1.04	1.29	1.49	0.90
Profit Before Tax	1.50	3.60	1.79	-4.28	-2.78
Profit After Tax	1.65	3.10	1.93	-3.58	-2.22
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	-0.74	-0.31
PROFIT FOR THE PERIOD	1.65	3.10	1.93	-4.32	-2.54
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	-0.01
Equity Holders of Parent Company	1.65	3.10	1.93	-4.32	-2.54

Continuing EPS
Earnings per Share - Basic	6.20p	11.40p	7.20p	-13.30p	-13.90p
Earnings per Share - Diluted	6.20p	11.30p	7.20p	-13.30p	-13.90p
Earnings per Share - Adjusted	10.10p	10.20p	8.00p	10.00p	11.90p
Continuing and Discontinued EPS
Earnings per Share - Basic	6.20p	11.40p	7.20p	-19.30p	-19.60p
Earnings per Share - Diluted	6.20p	11.30p	7.20p	-19.30p	-19.60p
Earnings per Share - Adjusted	10.10p	10.20p	8.00p	7.24p	9.96p

Dividend per Share	0.33p	0.00p	0.00p	0.00p	0.00p

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	4.16	4.36	5.21	5.31	5.10
Intangible Assets	21.37	22.24	23.39	24.46	25.44
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.04	0.03	0.03	0.03
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.00	0.00	0.00	0.00	0.00
	25.53	26.64	28.63	29.80	30.57
Current Assets
Inventories	3.13	3.19	2.62	2.84	3.51
Trade & Other Receivables	6.86	7.38	6.60	5.47	7.56
Cash at Bank & in Hand	2.55	1.65	0.61	0.41	1.71
Current Asset Investments	0.03	0.17	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	12.57	12.39	9.83	8.72	12.78

Total Assets	38.11	39.03	38.46	38.52	43.35

Liabilities
Current Liabilities
Borrowings	-5.14	-2.90	-2.86	-3.56	-2.12
Other Current Liabilities	-5.12	-6.05	-4.50	-3.47	-5.66
	-10.26	-8.95	-7.35	-7.02	-7.78

Net Current Assets	2.31	3.44	2.47	1.70	5.00

Non-Current Liabilities
Borrowings	-7.56	-11.09	-14.44	-16.44	-15.87
Provisions	-0.84	-1.20	-1.15	-1.27	-2.17
Other Non-Current Liabilities	0.00	0.00	-0.85	-1.20	-0.32
	-8.40	-12.28	-16.45	-18.92	-18.36

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-18.66	-21.23	-23.80	-25.94	-26.14

Net Assets	19.45	17.80	14.66	12.58	17.21

Capital & Reserves
Share Capital	0.28	0.28	0.27	0.27	0.27
Share Premium Account	14.10	14.10	13.85	13.85	13.87
Other Reserves	2.86	2.78	3.27	3.13	2.58
Retained Earnings	2.21	0.65	-2.74	-4.66	0.49
Shareholders Funds	19.45	17.80	14.66	12.58	17.21

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	19.45	17.80	14.66	12.58	17.21

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	6.73	8.43	3.81	3.95	7.56
PEG - Adjusted	-6.87	0.31	-0.19	-0.25	0.62
Earnings per Share Growth - Adjusted	-0.98%	27.50%	-20.00%	-15.97%	12.26%
Dividend Cover	30.61	n/a	n/a	n/a	n/a
Revenue Per Share	120.57p	123.05p	99.08p	104.82p	125.41p
Pre-Tax Profit per Share	5.63p	13.21p	6.65p	-15.90p	-17.30p
Operating Margin	6.37%	13.82%	11.41%	-10.15%	-9.38%
Return on Capital Employed	17.72%	43.12%	31.70%	-29.71%	-15.70%

Continuing & Discontinued Operations
Dividend Yield	0.49%	0.00%	0.00%	0.00%	0.00%
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	-6.98p	-16.12p	-32.39p	-44.25p	-30.66p
Net Gearing	52.18%	69.34%	113.88%	155.75%	94.60%

Data is provided by Morningstar

PLASTICS CAP. - Fundamentals