ESSR ESSAR ENERGY PLC ORD 5P

ESSAR ENERGY Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Mar-12	31-Dec-10	31-Dec-09
Continuing Operations
Revenue	13082.36	6390.50	4343.99
Operating Profit/(Loss)	-128.24	344.13	255.80
Net Interest	311.74	212.11	188.14
Profit Before Tax	-718.30	233.44	176.70
Profit After Tax	-478.35	158.59	127.90
Discontinued Operations
Profit After Tax	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-478.35	158.59	127.90
Attributable to:
Minority Interests	46.31	-29.89	-33.40
Equity Holders of Parent Company	-432.03	128.70	94.50

Continuing EPS
Earnings per Share - Basic	-33.17p	10.92p	10.51p
Earnings per Share - Diluted	-33.17p	10.92p	10.51p
Earnings per Share - Adjusted	2.00p	10.92p	10.51p
Continuing and Discontinued EPS
Earnings per Share - Basic	-33.17p	10.92p	10.51p
Earnings per Share - Diluted	-33.17p	10.92p	10.51p
Earnings per Share - Adjusted	2.00p	10.92p	10.51p

Dividend per Share	0.00p	0.00p	0.00p

Balance Sheet (£ m)	31-Mar-12	31-Dec-10	31-Dec-09
Assets
Non-Current Assets
Property, Plant & Equipment	3776.63	2816.82	2469.60
Intangible Assets	111.72	121.16	113.86
Investment Properties	0.00	0.00	0.00
Investments	78.36	53.78	29.38
Other Financial Assets	0.00	0.00	0.00
Other Non-Current Assets	2839.59	2827.11	1023.93
	6806.30	5818.87	3636.77
Current Assets
Inventories	1592.32	762.73	534.48
Trade & Other Receivables	1774.06	695.66	531.33
Cash at Bank & in Hand	421.83	360.03	44.16
Current Asset Investments	300.23	329.88	185.23
Other Current Assets	0.00	0.00	25.54
	4088.44	2148.31	1320.74

Total Assets	10894.73	7967.17	4957.51

Liabilities
Current Liabilities
Borrowings	-1152.65	-485.92	-574.74
Other Current Liabilities	-3606.08	-1284.54	-1561.26
	-4758.73	-1770.45	-2136.00

Net Current Assets	-670.30	377.85	-815.26

Non-Current Liabilities
Borrowings	-3653.84	-2403.08	-1368.55
Provisions	-125.74	-191.22	-111.20
Other Non-Current Liabilities	-74.23	-637.54	-80.83
	-3853.80	-3231.84	-1560.58

Other Liabilities	n/a	n/a	n/a
Total Liabilities	-8612.53	-5002.30	-3696.58

Net Assets	2282.20	2964.88	1260.93

Capital & Reserves
Share Capital	61.96	63.23	1423.53
Share Premium Account	1279.13	1305.36	0.00
Other Reserves	1470.09	1641.95	-46.88
Retained Earnings	-661.35	-275.85	-336.08
Shareholders Funds	2149.83	2734.69	1040.57

Minority Interests/Other Equity	132.37	230.19	220.36
Total Equity	2282.20	2964.88	1260.93

Ratios - based on IFRS	31-Mar-12	31-Dec-10	31-Dec-09
Continuing Operations
PE Ratio - Adjusted	77.65	53.11	n/a
PEG - Adjusted	-0.95	13.69	n/a
Earnings per Share Growth - Adjusted	-81.66%	3.88%	n/a
Dividend Cover	n/a	n/a	n/a
Revenue Per Share	1003.71p	542.90p	484.71p
Pre-Tax Profit per Share	-55.11p	19.83p	19.72p
Operating Margin	-3.80%	6.20%	7.98%
Return on Capital Employed	-5.72%	7.52%	11.40%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	n/a
Dividend per Share Growth	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	156.36p	200.51p	71.10p
Net Gearing	203.95%	92.48%	182.51%

Data is provided by Morningstar

ESSAR ENERGY - Fundamentals