JEL JERSEY ELECTRICITY PLC 'A'ORD 5P

JERSEY EL'A' Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	30-Sep-12	30-Sep-11	30-Sep-10	30-Sep-09	30-Sep-08
Continuing Operations
Revenue	97.18	100.49	98.89	93.59	82.22
Operating Profit/(Loss)	6.60	10.75	14.24	8.71	9.19
Net Interest	0.00	0.00	0.01	0.01	0.01
Profit Before Tax	5.74	11.07	14.56	9.27	10.27
Profit After Tax	3.94	8.64	12.38	7.24	10.12
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	3.94	8.64	12.38	7.24	10.12
Attributable to:
Minority Interests	-0.09	-0.05	-0.06	-0.04	-0.05
Equity Holders of Parent Company	3.85	8.59	12.32	7.20	10.07

Continuing EPS
Earnings per Share - Basic	12.55p	28.05p	804.00p	470.00p	658.00p
Earnings per Share - Diluted	12.55p	28.05p	804.00p	470.00p	658.00p
Earnings per Share - Adjusted	12.55p	28.05p	804.00p	470.00p	658.00p
Continuing and Discontinued EPS
Earnings per Share - Basic	12.55p	28.05p	804.00p	470.00p	658.00p
Earnings per Share - Diluted	12.55p	28.05p	804.00p	470.00p	658.00p
Earnings per Share - Adjusted	12.55p	28.05p	804.00p	470.00p	658.00p

Dividend per Share	11.00p	128.25p	199.00p	189.00p	148.00p

Balance Sheet (£ m)	30-Sep-12	30-Sep-11	30-Sep-10	30-Sep-09	30-Sep-08
Assets
Non-Current Assets
Property, Plant & Equipment	123.26	113.52	106.02	108.05	103.36
Intangible Assets	0.05	0.06	0.03	0.06	0.09
Investment Properties	14.87	14.81	14.93	12.53	12.64
Investments	0.01	1.16	1.68	1.80	2.04
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.40	0.40	1.80	0.00	6.70
	153.45	144.76	139.37	134.97	137.45
Current Assets
Inventories	7.25	6.45	7.57	6.07	6.10
Trade & Other Receivables	17.97	15.36	14.47	14.19	11.86
Cash at Bank & in Hand	5.31	6.79	4.76	8.64	5.22
Current Asset Investments	9.02	18.23	18.31	9.80	13.79
Other Current Assets	0.00	0.00	1.49	0.68	0.28
	39.55	46.83	46.59	39.38	37.25

Total Assets	192.99	191.59	185.97	174.35	174.70

Liabilities
Current Liabilities
Borrowings	-0.07	0.00	0.00	0.00	-0.15
Other Current Liabilities	-21.73	-17.70	-16.18	-15.56	-12.80
	-21.80	-17.70	-16.18	-15.56	-12.95

Net Current Assets	17.75	29.13	30.41	23.82	24.30

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-11.03	-11.23	-11.93	-10.83	-12.54
Other Non-Current Liabilities	-23.95	-21.81	-16.14	-18.62	-14.19
	-34.98	-33.03	-28.07	-29.45	-26.73

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-56.78	-50.73	-44.26	-45.00	-39.68

Net Assets	136.21	140.86	141.71	129.35	135.02

Capital & Reserves
Share Capital	1.53	1.53	1.53	1.53	1.53
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	-1.63	0.84	0.76	1.73	2.56
Retained Earnings	136.24	138.48	139.40	126.07	130.93
Shareholders Funds	136.15	140.85	141.68	129.33	135.02

Minority Interests/Other Equity	0.06	0.01	0.03	0.02	0.01
Total Equity	136.21	140.86	141.71	129.35	135.02

Ratios - based on IFRS	30-Sep-12	30-Sep-11	30-Sep-10	30-Sep-09	30-Sep-08
Continuing Operations
PE Ratio - Adjusted	24.58	12.30	0.08	0.15	0.09
PEG - Adjusted	-0.44	-0.13	0.00	-0.01	0.00
Earnings per Share Growth - Adjusted	-55.26%	-96.51%	71.06%	-28.57%	33.20%
Dividend Cover	1.14	0.22	4.04	2.49	4.45
Revenue Per Share	317.17p	327.98p	6454.90p	6109.27p	5366.97p
Pre-Tax Profit per Share	18.72p	36.12p	950.39p	605.35p	670.23p
Operating Margin	5.62%	10.77%	14.37%	9.37%	11.12%
Return on Capital Employed	3.74%	7.07%	9.49%	6.46%	6.96%

Continuing & Discontinued Operations
Dividend Yield	3.57%	37.17%	294.81%	273.91%	255.17%
Dividend per Share Growth	-91.42%	-35.55%	5.29%	27.70%	26.50%
Net Asset Value per Share (exc. Intangibles)	8883.62p	9189.62p	9246.41p	8438.12p	8807.44p
Net Gearing	-3.85%	-4.82%	-3.36%	-6.68%	-3.76%

Data is provided by Morningstar

JERSEY EL'A' - Fundamentals