CWC CABLE & WIRELESS COMMUNICATIONS PLC ORD USD0.05

CABLE&WIRE COM Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	1799.35	1522.15	1545.76	1710.47	3152.00
Operating Profit/(Loss)	154.59	334.37	308.36	373.27	284.00
Net Interest	83.87	77.36	60.62	51.73	59.00
Profit Before Tax	65.09	288.21	252.36	275.41	267.00
Profit After Tax	16.27	214.60	173.29	213.90	220.00
Discontinued Operations
Profit After Tax	0.00	0.00	117.28	23.07	0.00
PROFIT FOR THE PERIOD	16.27	214.60	290.57	236.96	220.00
Attributable to:
Minority Interests	-64.46	-91.70	-91.59	-102.06	-56.00
Equity Holders of Parent Company	-48.19	122.90	198.99	134.91	164.00

Continuing EPS
Earnings per Share - Basic	-1.94p	4.74p	3.23p	1.78p	6.80p
Earnings per Share - Diluted	-1.94p	4.68p	3.16p	1.78p	6.60p
Earnings per Share - Adjusted	4.07p	4.49p	5.01p	3.80p	9.00p
Continuing and Discontinued EPS
Earnings per Share - Basic	-1.94p	4.74p	7.84p	2.80p	6.80p
Earnings per Share - Diluted	-1.94p	4.68p	7.78p	2.78p	6.60p
Earnings per Share - Adjusted	4.07p	4.49p	9.62p	4.17p	9.00p

Dividend per Share	5.00p	5.05p	3.51p	7.83p	6.65p

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	917.51	937.62	979.77	1892.91	1343.00
Intangible Assets	330.45	270.12	272.78	1207.19	807.00
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	158.34	151.59	152.20	228.58	142.00
Other Financial Assets	0.00	3.74	0.00	0.00	0.00
Other Non-Current Assets	297.28	237.06	239.18	371.17	295.00
	1703.59	1600.13	1643.93	3699.85	2587.00
Current Assets
Inventories	64.46	52.40	32.29	23.07	17.00
Trade & Other Receivables	376.77	369.31	323.52	986.30	856.00
Cash at Bank & in Hand	195.27	236.43	377.55	552.22	699.00
Current Asset Investments	11.27	16.84	42.83	0.00	0.00
Other Current Assets	0.00	0.00	1.98	0.00	0.00
	647.77	674.99	778.15	1561.58	1572.00

Total Assets	2351.36	2275.11	2422.09	5261.43	4159.00

Liabilities
Current Liabilities
Borrowings	-287.90	-72.36	-38.22	-90.87	-59.00
Other Current Liabilities	-843.03	-698.69	-718.19	-1790.16	-1500.00
	-1130.93	-771.05	-756.41	-1881.03	-1559.00

Net Current Assets	-483.16	-96.07	21.74	-319.45	13.00

Non-Current Liabilities
Borrowings	-780.45	-784.16	-776.83	-843.00	-397.00
Provisions	-41.93	-43.67	-45.46	-226.48	-165.00
Other Non-Current Liabilities	-137.69	-170.31	-276.08	-238.36	-159.00
	-960.07	-998.13	-1098.37	-1307.84	-721.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-2091.00	-1769.18	-1854.78	-3188.87	-2280.00

Net Assets	260.36	505.93	567.31	2072.56	1879.00

Capital & Reserves
Share Capital	83.24	82.97	86.32	90.17	634.00
Share Premium Account	60.71	60.51	40.85	1320.43	156.00
Other Reserves	2116.66	2260.76	2881.99	1753.81	1531.00
Retained Earnings	-2308.80	-2175.92	-2736.38	-1312.04	-634.00
Shareholders Funds	-48.19	228.32	272.78	1852.37	1687.00

Minority Interests/Other Equity	308.55	277.60	294.53	220.19	192.00
Total Equity	260.36	505.93	567.31	2072.56	1879.00

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	7.93	10.15	11.05	36.71	16.54
PEG - Adjusted	-0.84	-0.99	0.35	-0.64	0.13
Earnings per Share Growth - Adjusted	-9.44%	-10.30%	31.75%	-57.77%	125.00%
Dividend Cover	0.81	0.89	1.43	0.49	1.35
Revenue Per Share	71.80p	58.39p	60.76p	68.80p	130.03p
Pre-Tax Profit per Share	2.60p	11.06p	9.92p	11.08p	11.01p
Operating Margin	7.10%	22.46%	18.46%	15.24%	7.49%
Return on Capital Employed	12.86%	29.99%	23.99%	15.49%	18.75%

Continuing & Discontinued Operations
Dividend Yield	15.48%	11.08%	6.33%	5.61%	4.47%
Dividend per Share Growth	-1.01%	44.05%	-55.24%	17.74%	38.54%
Net Asset Value per Share (exc. Intangibles)	-14.98p	-1.59p	0.00p	25.42p	35.33p
Net Gearing	-1811.62%	271.58%	160.39%	20.60%	-14.40%

Data is provided by Morningstar

CWC CABLE & WIRELESS COMMUNICATIONS PLC ORD USD0.05

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