BET BETFAIR GROUP PLC ORD 0.1P

BETFAIR GRP Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Continuing Operations
Revenue	389.65	393.31	340.92	301.21	242.43
Operating Profit/(Loss)	33.93	24.84	18.45	47.47	43.78
Net Interest	0.00	0.02	0.02	0.05	0.15
Profit Before Tax	41.57	26.62	17.78	47.47	43.78
Profit After Tax	33.95	23.01	15.12	38.82	30.75
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	33.95	23.01	15.12	38.82	30.75
Attributable to:
Minority Interests	0.71	1.15	0.00	0.00	0.00
Equity Holders of Parent Company	34.66	24.16	15.12	38.82	30.75

Continuing EPS
Earnings per Share - Basic	33.10p	22.60p	14.40p	36.31p	0.29p
Earnings per Share - Diluted	32.50p	22.00p	13.80p	36.31p	0.29p
Earnings per Share - Adjusted	41.10p	33.90p	21.70p	36.31p	0.29p
Continuing and Discontinued EPS
Earnings per Share - Basic	33.10p	22.60p	14.40p	36.31p	0.29p
Earnings per Share - Diluted	32.50p	22.00p	13.80p	36.31p	0.29p
Earnings per Share - Adjusted	41.10p	33.90p	21.70p	36.31p	0.29p

Dividend per Share	9.10p	0.00p	0.00p	0.00p	0.00p

Balance Sheet (£ m)	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Assets
Non-Current Assets
Property, Plant & Equipment	33.70	32.86	24.46	22.58	22.07
Intangible Assets	132.39	110.87	88.98	77.29	30.29
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	6.19	1.96	0.15	6.21	9.60
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	2.12	5.74	9.85	7.97	9.79
	174.40	151.42	123.44	114.04	71.76
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	29.55	21.24	22.21	15.92	11.18
Cash at Bank & in Hand	135.41	155.04	150.95	133.37	110.96
Current Asset Investments	0.00	0.00	0.00	2.25	0.29
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	164.96	176.28	173.16	151.55	122.43

Total Assets	339.35	327.70	296.60	265.59	194.19

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	-0.14	-1.86
Other Current Liabilities	-141.33	-112.14	-114.79	-100.64	-74.29
	-141.33	-112.14	-114.79	-100.78	-76.15

Net Current Assets	23.63	64.14	58.37	50.77	46.28

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-1.96	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00
	-1.96	0.00	0.00	0.00	0.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-143.29	-112.14	-114.79	-100.78	-76.15

Net Assets	196.07	215.56	181.81	164.81	118.04

Capital & Reserves
Share Capital	0.10	0.11	0.11	0.10	0.10
Share Premium Account	12.00	10.69	4.08	2.13	0.07
Other Reserves	-9.32	-5.97	-2.26	1.98	0.95
Retained Earnings	193.29	207.06	179.89	160.60	116.91
Shareholders Funds	196.07	211.89	181.81	164.81	118.04

Minority Interests/Other Equity	0.00	3.68	0.00	0.00	0.01
Total Equity	196.07	215.56	181.81	164.81	118.04

Ratios - based on IFRS	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Continuing Operations
PE Ratio - Adjusted	19.22	25.59	n/a	n/a	n/a
PEG - Adjusted	0.90	0.46	n/a	n/a	n/a
Earnings per Share Growth - Adjusted	21.24%	56.22%	-40.23%	12506.25%	n/a
Dividend Cover	4.52	n/a	n/a	n/a	n/a
Revenue Per Share	372.62p	368.23p	324.91p	281.67p	226.71p
Pre-Tax Profit per Share	39.75p	24.92p	16.94p	44.39p	40.94p
Operating Margin	9.25%	6.72%	5.88%	15.06%	14.14%
Return on Capital Employed	63.33%	25.44%	19.17%	54.20%	49.03%

Continuing & Discontinued Operations
Dividend Yield	1.15%	0.00%	n/a	n/a	n/a
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	62.23p	93.62p	88.09p	81.85p	82.05p
Net Gearing	-69.06%	-73.17%	-83.02%	-80.84%	-92.43%

Data is provided by Morningstar

BETFAIR GRP - Fundamentals