POLY POLYMETAL INTERNATIONAL PLC ORD NPV

POLYMETAL INT Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10
Continuing Operations
Revenue	1140.61	853.50	591.03
Operating Profit/(Loss)	385.85	290.05	209.79
Net Interest	11.40	12.92	10.85
Profit Before Tax	379.80	263.08	195.71
Profit After Tax	246.79	186.51	152.66
Discontinued Operations
Profit After Tax	0.00	0.00	0.00
PROFIT FOR THE PERIOD	246.79	186.51	152.66
Attributable to:
Minority Interests	-4.19	-0.35	0.00
Equity Holders of Parent Company	242.60	186.17	152.66

Continuing EPS
Earnings per Share - Basic	63.37p	50.83p	42.79p
Earnings per Share - Diluted	63.37p	47.62p	42.15p
Earnings per Share - Adjusted	63.37p	50.83p	42.79p
Continuing and Discontinued EPS
Earnings per Share - Basic	63.37p	50.83p	42.79p
Earnings per Share - Diluted	63.37p	47.62p	42.15p
Earnings per Share - Adjusted	63.37p	50.83p	42.79p

Dividend per Share	12.87p	0.00p	0.00p

Balance Sheet (£ m)	31-Dec-12	31-Dec-11	31-Dec-10
Assets
Non-Current Assets
Property, Plant & Equipment	1007.21	787.83	760.08
Intangible Assets	70.81	69.87	73.27
Investment Properties	0.00	0.00	0.00
Investments	18.35	15.16	17.13
Other Financial Assets	0.00	0.00	0.00
Other Non-Current Assets	422.02	519.22	343.18
	1518.39	1392.07	1193.65
Current Assets
Inventories	528.98	385.63	235.37
Trade & Other Receivables	157.68	148.37	109.37
Cash at Bank & in Hand	11.46	423.91	7.06
Current Asset Investments	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00
	698.12	957.91	351.79

Total Assets	2216.51	2349.98	1545.44

Liabilities
Current Liabilities
Borrowings	-150.24	-224.20	-60.95
Other Current Liabilities	-276.17	-435.43	-68.78
	-426.41	-659.63	-129.73

Net Current Assets	271.71	298.28	222.06

Non-Current Liabilities
Borrowings	-381.18	-421.25	-380.25
Provisions	-46.72	-51.05	-53.23
Other Non-Current Liabilities	-55.70	-50.43	-113.00
	-483.60	-522.74	-546.48

Other Liabilities	n/a	n/a	n/a
Total Liabilities	-910.01	-1182.36	-676.21

Net Assets	1306.50	1167.62	869.23

Capital & Reserves
Share Capital	969.62	1007.91	552.78
Share Premium Account	0.00	0.00	0.00
Other Reserves	39.94	-420.72	-26.83
Retained Earnings	296.93	484.89	343.28
Shareholders Funds	1306.50	1072.08	869.23

Minority Interests/Other Equity	0.00	95.54	0.00
Total Equity	1306.50	1167.62	869.23

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10
Continuing Operations
PE Ratio - Adjusted	18.54	21.52	n/a
PEG - Adjusted	0.75	1.15	n/a
Earnings per Share Growth - Adjusted	24.65%	18.79%	n/a
Dividend Cover	4.92	n/a	n/a
Revenue Per Share	298.04p	232.58p	164.76p
Pre-Tax Profit per Share	99.24p	71.69p	54.56p
Operating Margin	34.40%	32.82%	34.99%
Return on Capital Employed	21.57%	15.38%	16.01%

Continuing & Discontinued Operations
Dividend Yield	1.10%	0.00%	n/a
Dividend per Share Growth	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	322.46p	261.89p	207.99p
Net Gearing	39.80%	20.66%	49.95%

Data is provided by Morningstar

POLYMETAL INT - Fundamentals