MCRO MICRO FOCUS INTERNATIONAL PLC ORD 12 1/2P

MICRO FOCUS 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	267.77	261.47	282.60	185.63	115.03
Operating Profit/(Loss)	95.94	72.26	68.87	61.63	37.70
Net Interest	1.36	1.34	2.47	0.51	0.01
Profit Before Tax	91.91	68.67	64.24	61.79	38.73
Profit After Tax	74.28	57.82	49.88	44.62	27.94
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	74.28	57.82	49.88	44.62	27.94
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	74.28	57.82	49.88	44.62	27.94

Continuing EPS
Earnings per Share - Basic	41.29p	30.16p	23.44p	19.93p	13.79p
Earnings per Share - Diluted	40.25p	29.58p	22.95p	19.36p	13.44p
Earnings per Share - Adjusted	45.96p	35.16p	35.79p	28.05p	16.17p
Continuing and Discontinued EPS
Earnings per Share - Basic	41.29p	30.16p	23.44p	19.93p	13.79p
Earnings per Share - Diluted	40.25p	29.58p	22.95p	19.36p	13.44p
Earnings per Share - Adjusted	45.96p	35.16p	35.79p	28.05p	16.17p

Dividend per Share	15.26p	15.53p	10.12p	7.72p	5.26p

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	13.73	5.42	6.39	3.45	2.20
Intangible Assets	229.17	230.34	255.56	125.79	50.95
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	24.50	27.45	36.30	11.91	7.85
	267.40	263.21	298.24	141.15	61.00
Current Assets
Inventories	0.28	0.97	0.10	0.09	0.10
Trade & Other Receivables	56.57	64.79	82.50	45.33	29.84
Cash at Bank & in Hand	18.73	15.64	21.45	48.36	46.58
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
	75.58	81.40	104.05	93.77	76.52

Total Assets	342.98	344.61	402.29	234.92	137.52

Liabilities
Current Liabilities
Borrowings	-88.44	-24.58	-65.98	0.00	0.00
Other Current Liabilities	-145.61	-148.14	-157.66	-96.83	-62.06
	-234.05	-172.72	-223.64	-96.83	-62.06

Net Current Assets	-158.47	-91.32	-119.59	-3.05	14.47

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-28.78	-25.71	-28.44	-19.30	-8.40
Other Non-Current Liabilities	-7.77	-9.08	-6.88	-4.79	-3.29
	-36.54	-34.78	-35.32	-24.09	-11.68

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-270.59	-207.50	-258.96	-120.92	-73.74

Net Assets	72.39	137.11	143.34	114.01	63.78

Capital & Reserves
Share Capital	23.27	22.61	24.55	25.06	18.57
Share Premium Account	37.76	69.42	73.63	71.76	52.38
Other Reserves	-7.00	-19.80	-21.83	-21.24	-13.56
Retained Earnings	18.36	64.88	66.99	38.43	6.39
Shareholders Funds	72.39	137.11	143.34	114.01	63.78

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	72.39	137.11	143.34	114.01	63.78

Ratios - based on IFRS	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Continuing Operations
PE Ratio - Adjusted	10.13	10.57	14.70	11.37	14.46
PEG - Adjusted	0.33	-6.01	0.53	0.15	0.44
Earnings per Share Growth - Adjusted	30.71%	-1.76%	27.61%	73.44%	32.66%
Dividend Cover	3.01	2.26	3.54	3.63	3.07
Revenue Per Share	146.01p	127.55p	138.74p	92.40p	57.44p
Pre-Tax Profit per Share	50.12p	33.50p	31.53p	30.76p	19.34p
Operating Margin	34.76%	26.69%	23.46%	33.20%	32.77%
Return on Capital Employed	-235.70%	-163.05%	-374.73%	828.25%	182.45%

Continuing & Discontinued Operations
Dividend Yield	3.28%	4.18%	1.92%	2.42%	2.25%
Dividend per Share Growth	-1.74%	53.46%	31.09%	46.77%	41.02%
Net Asset Value per Share (exc. Intangibles)	-95.75p	-47.15p	-54.71p	-5.83p	6.40p
Net Gearing	96.30%	6.52%	31.07%	-42.42%	-73.04%

Data is provided by Morningstar

MICRO FOCUS - Fundamentals