EMIS EMIS GROUP PLC ORD 1P

EMIS Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	86.33	73.24	61.90	57.70	55.40
Operating Profit/(Loss)	24.11	21.52	18.33	15.77	5.87
Net Interest	0.10	0.13	0.36	1.55	2.03
Profit Before Tax	24.06	21.44	18.07	14.46	3.97
Profit After Tax	19.43	17.04	13.20	9.94	2.41
Discontinued Operations
Profit After Tax	0.00	-1.89	0.00	0.00	0.00
PROFIT FOR THE PERIOD	19.43	15.15	13.20	9.94	2.41
Attributable to:
Minority Interests	-0.50	-0.26	-0.04	0.00	0.00
Equity Holders of Parent Company	18.93	14.89	13.16	9.94	2.41

Continuing EPS
Earnings per Share - Basic	32.55p	28.71p	23.31p	19.88p	4.13p
Earnings per Share - Diluted	32.50p	28.71p	23.31p	19.88p	4.13p
Earnings per Share - Adjusted	30.76p	27.69p	25.27p	19.88p	4.13p
Continuing and Discontinued EPS
Earnings per Share - Basic	32.55p	25.47p	19.84p	19.88p	4.13p
Earnings per Share - Diluted	32.50p	25.47p	19.84p	19.88p	4.13p
Earnings per Share - Adjusted	30.76p	24.45p	21.80p	19.88p	4.13p

Dividend per Share	13.30p	11.80p	5.60p	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	22.14	14.84	12.06	9.51	8.07
Intangible Assets	52.79	50.54	51.24	36.91	34.46
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	2.74	2.74	2.66	2.55	2.35
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
	77.67	68.12	65.95	48.97	44.89
Current Assets
Inventories	1.24	1.42	0.67	0.67	1.17
Trade & Other Receivables	15.19	11.97	9.08	7.50	5.54
Cash at Bank & in Hand	11.11	12.61	7.44	5.22	6.07
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	27.54	26.00	17.19	13.40	12.78

Total Assets	105.21	94.12	83.15	62.36	57.67

Liabilities
Current Liabilities
Borrowings	-0.40	-1.18	-1.18	-1.18	-2.48
Other Current Liabilities	-30.20	-27.36	-21.35	-14.51	-14.12
	-30.60	-28.54	-22.53	-15.69	-16.61

Net Current Assets	-3.06	-2.55	-5.34	-2.30	-3.82

Non-Current Liabilities
Borrowings	-3.00	-3.40	-4.58	-28.76	-34.07
Provisions	-7.55	-8.09	-8.49	-6.52	-5.56
Other Non-Current Liabilities	0.00	0.00	-0.76	0.00	0.00
	-10.55	-11.48	-13.83	-35.29	-39.63

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-41.15	-40.03	-36.36	-50.98	-56.23

Net Assets	64.07	54.09	46.78	11.38	1.44

Capital & Reserves
Share Capital	0.59	0.59	0.59	0.50	0.50
Share Premium Account	24.77	24.77	24.77	0.00	0.00
Other Reserves	-2.88	-1.06	-0.12	0.00	0.00
Retained Earnings	38.08	26.79	18.80	10.88	0.94
Shareholders Funds	60.55	51.08	44.03	11.38	1.44

Minority Interests/Other Equity	3.51	3.01	2.75	0.00	0.00
Total Equity	64.07	54.09	46.78	11.38	1.44

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	29.75	18.15	16.63	n/a	n/a
PEG - Adjusted	2.68	1.89	0.61	n/a	n/a
Earnings per Share Growth - Adjusted	11.09%	9.58%	27.11%	381.94%	-46.41%
Dividend Cover	2.31	2.35	4.51	n/a	n/a
Revenue Per Share	148.41p	125.26p	109.73p	115.39p	94.97p
Pre-Tax Profit per Share	41.36p	36.66p	32.03p	28.92p	6.81p
Operating Margin	27.89%	29.42%	29.51%	27.30%	9.46%
Return on Capital Employed	108.73%	132.99%	187.89%	146.32%	66.07%

Continuing & Discontinued Operations
Dividend Yield	1.45%	2.35%	1.33%	n/a	n/a
Dividend per Share Growth	12.71%	110.71%	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	13.26p	0.92p	-12.31p	-43.76p	-56.61p
Net Gearing	-12.73%	-15.71%	-3.81%	217.28%	2118.55%

Data is provided by Morningstar

EMIS - Fundamentals