BVC BATM ADVANCED COMMUNICATIONS LD ORD ILS0.01

BATM ADVANCED Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	66.30	71.27	77.01	83.74	92.21
Operating Profit/(Loss)	-1.50	-1.32	0.72	10.16	16.15
Net Interest	0.19	0.51	0.41	0.22	0.33
Profit Before Tax	-0.59	-1.83	0.66	11.41	16.25
Profit After Tax	-1.14	-2.40	0.12	11.95	16.56
Discontinued Operations
Profit After Tax	1.24	-0.80	0.00	0.00	0.00
PROFIT FOR THE PERIOD	0.10	-3.20	0.12	11.95	16.56
Attributable to:
Minority Interests	0.34	0.80	0.96	0.74	0.04
Equity Holders of Parent Company	0.44	-2.39	1.09	12.69	16.60

Continuing EPS
Earnings per Share - Basic	-0.20p	-0.40p	0.27p	3.16p	4.25p
Earnings per Share - Diluted	-0.20p	-0.40p	0.27p	3.14p	4.22p
Earnings per Share - Adjusted	-0.20p	-0.40p	0.27p	3.16p	4.25p
Continuing and Discontinued EPS
Earnings per Share - Basic	0.11p	-0.59p	0.27p	3.16p	4.25p
Earnings per Share - Diluted	0.11p	-0.59p	0.27p	3.14p	4.22p
Earnings per Share - Adjusted	0.11p	-0.59p	0.27p	3.16p	4.25p

Dividend per Share	0.00p	0.80p	0.80p	0.69p	0.50p

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	10.67	16.19	16.57	13.55	6.89
Intangible Assets	14.04	16.83	19.86	21.44	19.45
Investment Properties	2.36	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	2.69	3.75
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	5.97	3.56	3.27	3.00	2.42
	35.40	36.57	39.70	40.68	32.50
Current Assets
Inventories	12.00	15.63	12.44	13.63	14.39
Trade & Other Receivables	18.07	17.71	19.74	19.28	20.02
Cash at Bank & in Hand	28.26	28.03	14.11	17.38	21.08
Current Asset Investments	0.20	2.15	24.32	21.23	14.46
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	58.52	63.52	70.60	71.52	69.95

Total Assets	93.92	100.09	110.30	112.20	102.45

Liabilities
Current Liabilities
Borrowings	-2.49	-4.36	-3.92	-3.80	-2.49
Other Current Liabilities	-18.23	-19.27	-19.86	-15.54	-15.56
	-20.72	-23.63	-23.78	-19.34	-18.05

Net Current Assets	37.80	39.90	46.82	52.18	51.90

Non-Current Liabilities
Borrowings	-3.28	-3.87	-6.21	-6.94	-1.85
Provisions	-0.92	-0.99	-1.22	-1.43	0.00
Other Non-Current Liabilities	-1.19	-0.64	-0.71	-0.97	-1.79
	-5.38	-5.51	-8.13	-9.34	-3.64

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-26.10	-29.13	-31.90	-28.67	-21.69

Net Assets	67.82	70.96	78.40	83.52	80.76

Capital & Reserves
Share Capital	0.75	0.78	0.78	0.75	0.83
Share Premium Account	250.47	261.82	259.63	251.07	277.69
Other Reserves	-8.61	-8.41	-5.62	-2.00	-4.16
Retained Earnings	-175.56	-184.09	-177.07	-167.49	-196.66
Shareholders Funds	67.05	70.10	77.72	82.34	77.71

Minority Interests/Other Equity	0.77	0.86	0.68	1.18	3.06
Total Equity	67.82	70.96	78.40	83.52	80.76

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	-83.75	-36.56	85.19	16.30	7.29
PEG - Adjusted	1.65	0.15	-0.93	-0.64	0.11
Earnings per Share Growth - Adjusted	-50.63%	-248.88%	-91.52%	-25.56%	67.79%
Dividend Cover	n/a	-0.50	0.34	4.58	8.49
Revenue Per Share	16.46p	17.69p	19.13p	20.85p	23.27p
Pre-Tax Profit per Share	-0.15p	-0.45p	0.16p	2.84p	4.10p
Operating Margin	-0.96%	-2.54%	0.69%	12.57%	16.28%
Return on Capital Employed	-0.66%	-2.06%	1.52%	15.55%	25.01%

Continuing & Discontinued Operations
Dividend Yield	0.00%	5.47%	3.48%	1.34%	1.61%
Dividend per Share Growth	-100.00%	0.00%	15.94%	38.00%	n/a
Net Asset Value per Share (exc. Intangibles)	13.15p	13.28p	14.36p	15.14p	14.53p
Net Gearing	-33.54%	-28.24%	-5.13%	-8.06%	-21.54%

Data is provided by Morningstar

BATM ADVANCED - Fundamentals