SMJ SMART (J.) & CO. (CONTRACTORS) PLC ORD 2P

SMART(J) Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Jul-12	31-Jul-11	31-Jul-10	31-Jul-09	31-Jul-08
Continuing Operations
Revenue	28.01	19.59	23.69	29.45	27.57
Operating Profit/(Loss)	-0.69	0.09	3.79	-1.75	4.49
Net Interest	0.00	0.00	0.00	0.00	0.01
Profit Before Tax	0.06	0.66	3.98	-1.21	5.87
Profit After Tax	-0.53	1.01	3.73	-1.16	5.33
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-0.53	1.01	3.73	-1.16	5.33
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	-0.53	1.01	3.73	-1.16	5.33

Continuing EPS
Earnings per Share - Basic	-1.06p	2.01p	37.04p	-11.49p	52.88p
Earnings per Share - Diluted	-1.06p	2.01p	37.04p	-11.49p	52.88p
Earnings per Share - Adjusted	-1.06p	2.01p	37.04p	-11.49p	52.88p
Continuing and Discontinued EPS
Earnings per Share - Basic	-1.06p	2.01p	37.04p	-11.49p	52.88p
Earnings per Share - Diluted	-1.06p	2.01p	37.04p	-11.49p	52.88p
Earnings per Share - Adjusted	-1.06p	2.01p	37.04p	-11.49p	52.88p

Dividend per Share	10.62p	14.20p	13.85p	15.00p	13.15p

Balance Sheet (£ m)	31-Jul-12	31-Jul-11	31-Jul-10	31-Jul-09	31-Jul-08
Assets
Non-Current Assets
Property, Plant & Equipment	-69.32	-71.30	-73.17	-64.36	-66.42
Intangible Assets	0.00	0.00	0.00	0.00	0.00
Investment Properties	70.44	72.59	74.56	65.95	68.15
Investments	1.00	1.01	1.64	2.28	2.07
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	3.55	4.93	3.32	8.82	8.25
	76.10	79.82	80.91	78.64	80.19
Current Assets
Inventories	10.65	7.08	7.32	8.48	8.18
Trade & Other Receivables	6.92	7.38	6.66	7.00	3.83
Cash at Bank & in Hand	9.76	21.70	22.20	23.23	26.88
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
	27.34	36.16	36.18	38.71	38.90

Total Assets	103.44	115.98	117.09	117.35	119.09

Liabilities
Current Liabilities
Borrowings	-4.47	-10.95	-10.13	-10.78	-8.49
Other Current Liabilities	-3.99	-4.61	-5.07	-5.04	-6.25
	-8.46	-15.56	-15.20	-15.81	-14.74

Net Current Assets	18.88	20.59	20.98	22.90	24.16

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-2.18	-2.85	-4.00	-4.76	-5.94
Other Non-Current Liabilities	-1.49	0.00	-1.34	-4.47	-1.09
	-3.67	-2.85	-5.35	-9.23	-7.03

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-12.13	-18.42	-20.55	-25.04	-21.78

Net Assets	91.31	97.56	96.54	92.31	97.31

Capital & Reserves
Share Capital	0.99	1.01	1.01	1.01	1.01
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	0.48	0.41	0.22	0.04	-0.13
Retained Earnings	89.84	96.15	95.32	91.26	96.43
Shareholders Funds	91.31	97.56	96.54	92.31	97.31

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	91.31	97.56	96.54	92.31	97.31

Ratios - based on IFRS	31-Jul-12	31-Jul-11	31-Jul-10	31-Jul-09	31-Jul-08
Continuing Operations
PE Ratio - Adjusted	-78.77	206.47	11.47	n/a	9.93
PEG - Adjusted	0.52	-2.18	-0.03	n/a	-0.48
Earnings per Share Growth - Adjusted	-152.74%	-94.57%	-422.37%	-121.73%	-20.80%
Dividend Cover	-0.10	0.14	2.67	-0.77	4.02
Revenue Per Share	55.80p	95.97p	234.97p	292.11p	273.49p
Pre-Tax Profit per Share	0.11p	3.21p	39.52p	-11.98p	58.23p
Operating Margin	13.76%	29.03%	-6.93%	-20.71%	-1.27%
Return on Capital Employed	0.06%	0.59%	3.56%	-1.07%	5.21%

Continuing & Discontinued Operations
Dividend Yield	12.72%	3.42%	3.26%	n/a	2.50%
Dividend per Share Growth	-25.21%	2.53%	-7.67%	14.07%	2.73%
Net Asset Value per Share (exc. Intangibles)	184.57p	967.67p	957.56p	915.56p	965.23p
Net Gearing	-5.80%	-11.02%	-12.50%	-13.50%	-18.90%

Data is provided by Morningstar

SMART(J) - Fundamentals