MEC MECOM GROUP PLC ORD 60.85888P

MECOM GRP 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	738.44	833.19	988.43	1297.59	1697.45
Operating Profit/(Loss)	-68.69	-6.10	-58.01	-65.43	-904.19
Net Interest	9.73	13.53	17.31	34.27	66.33
Profit Before Tax	-82.97	-23.14	-81.23	-129.79	-955.11
Profit After Tax	-69.34	-16.71	-56.81	-110.88	-959.23
Discontinued Operations
Profit After Tax	95.13	-6.35	7.80	-1.69	9.67
PROFIT FOR THE PERIOD	25.79	-23.05	-49.01	-112.57	-949.56
Attributable to:
Minority Interests	0.41	-0.08	5.57	3.02	3.92
Equity Holders of Parent Company	26.20	-23.14	-43.44	-109.55	-945.64

Continuing EPS
Earnings per Share - Basic	-59.53p	-15.87p	-46.01p	-167.08p	-60.77p
Earnings per Share - Diluted	-59.21p	-15.87p	-46.01p	-167.08p	-60.77p
Earnings per Share - Adjusted	47.77p	64.82p	25.96p	5.77p	2.49p
Continuing and Discontinued EPS
Earnings per Share - Basic	-21.01p	-17.54p	-34.53p	-172.59p	-70.75p
Earnings per Share - Diluted	-20.68p	-17.54p	-34.62p	-172.59p	-70.75p
Earnings per Share - Adjusted	84.19p	115.52p	37.70p	0.27p	2.96p

Dividend per Share	10.29p	4.97p	0.00p	0.00p	0.00p

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	99.27	122.29	183.36	193.71	247.70
Intangible Assets	390.51	487.55	669.52	759.59	922.95
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	7.87	8.60	37.10	35.51	37.23
Other Financial Assets	0.00	0.33	0.00	0.00	0.00
Other Non-Current Assets	23.28	22.05	44.72	61.17	70.64
	520.92	640.83	934.71	1049.98	1278.52
Current Assets
Inventories	3.41	7.27	8.31	8.26	12.92
Trade & Other Receivables	75.75	85.70	141.46	156.69	168.64
Cash at Bank & in Hand	28.71	41.26	70.43	92.86	112.37
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	14.84	216.26	0.00	0.00	195.92
	122.71	350.49	220.21	257.81	489.85

Total Assets	643.63	991.31	1154.91	1307.79	1768.38

Liabilities
Current Liabilities
Borrowings	-138.85	-25.14	-32.13	-50.78	-739.66
Other Current Liabilities	-258.80	-405.61	-392.34	-393.91	-505.46
	-397.65	-430.76	-424.47	-444.69	-1245.12

Net Current Assets	-274.94	-80.27	-204.27	-186.88	-755.27

Non-Current Liabilities
Borrowings	-3.00	-264.37	-304.52	-373.58	-21.44
Provisions	-81.43	-104.49	-173.68	-172.59	-216.12
Other Non-Current Liabilities	-31.55	-34.58	-47.38	-70.05	-69.30
	-115.98	-403.44	-525.58	-616.21	-306.85

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-513.63	-834.20	-950.05	-1060.90	-1551.97

Net Assets	130.01	157.12	204.87	246.89	216.40

Capital & Reserves
Share Capital	72.75	69.50	71.29	72.18	13.30
Share Premium Account	7.22	0.00	1311.11	1355.20	1376.72
Other Reserves	12.57	-11.94	-6.77	-11.99	-22.40
Retained Earnings	31.96	85.53	-1198.44	-1199.04	-1186.54
Shareholders Funds	124.49	143.09	177.19	216.35	181.09

Minority Interests/Other Equity	5.52	14.03	27.68	30.54	35.32
Total Equity	130.01	157.12	204.87	246.89	216.40

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	1.56	3.17	7.60	19.67	0.42
PEG - Adjusted	-0.06	0.02	0.02	0.15	-0.10
Earnings per Share Growth - Adjusted	-26.30%	149.66%	349.87%	131.86%	-4.27%
Dividend Cover	4.64	13.05	n/a	n/a	n/a
Revenue Per Share	639.97p	757.10p	898.26p	2009.92p	107.98p
Pre-Tax Profit per Share	-71.90p	-21.02p	-73.82p	-201.05p	-60.76p
Operating Margin	-10.18%	-1.45%	-6.74%	-7.71%	-53.86%
Return on Capital Employed	1219.79%	-9.99%	-70.78%	-65.29%	-265.62%

Continuing & Discontinued Operations
Dividend Yield	13.81%	2.42%	0.00%	0.00%	0.00%
Dividend per Share Growth	107.21%	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	-219.47p	-306.05p	-437.43p	-493.68p	-47.19p
Net Gearing	90.88%	173.50%	150.24%	153.22%	358.25%

Data is provided by Morningstar

MEC MECOM GROUP PLC ORD 60.85888P

MECOM GRP - Fundamentals