HAIK HAIKE CHEMICAL GROUP LTD ORD USD0.002 (DI)

HAIKE CHEMICAL Currency GBX

Income Statement (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
Revenue	1392.60	907.01	365.72	433.09	178.83
Operating Profit/(Loss)	28.57	18.03	4.41	-11.23	11.88
Net Interest	24.32	16.12	6.84	10.53	2.82
Profit Before Tax	6.55	1.18	-1.21	-20.36	9.30
Profit After Tax	4.28	1.17	-1.13	-21.04	9.07
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	4.28	1.17	-1.13	-21.04	9.07
Attributable to:
Minority Interests	-5.01	2.98	1.25	1.00	-2.75
Equity Holders of Parent Company	-0.73	4.15	0.12	-20.05	6.32

Continuing EPS
Earnings per Share - Basic	-1.89p	10.82p	0.31p	-52.26p	17.18p
Earnings per Share - Diluted	-1.89p	10.82p	0.31p	-52.26p	17.03p
Earnings per Share - Adjusted	-1.89p	10.82p	0.31p	-52.26p	17.18p
Continuing and Discontinued EPS
Earnings per Share - Basic	-1.89p	10.82p	0.31p	-52.26p	17.18p
Earnings per Share - Diluted	-1.89p	10.82p	0.31p	-52.26p	17.03p
Earnings per Share - Adjusted	-1.89p	10.82p	0.31p	-52.26p	17.18p

Dividend per Share	2.60p	0.00p	0.00p	0.00p	0.00p

Balance Sheet (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Assets
Non-Current Assets
Property, Plant & Equipment	206.16	168.13	82.39	90.83	49.02
Intangible Assets	1.00	13.73	11.65	3.49	1.54
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.04	0.14	0.18
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	18.70	1.23	62.72	9.90	3.94
	225.86	183.09	156.80	104.35	54.68
Current Assets
Inventories	83.36	95.39	53.78	26.67	22.34
Trade & Other Receivables	75.02	52.39	42.37	17.51	15.03
Cash at Bank & in Hand	108.72	108.77	106.67	62.43	12.11
Current Asset Investments	0.00	2.34	0.00	0.00	0.14
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	267.10	258.88	202.82	106.62	49.62

Total Assets	492.96	441.98	359.62	210.97	104.30

Liabilities
Current Liabilities
Borrowings	-331.24	-212.33	-198.30	-105.25	-42.88
Other Current Liabilities	-71.75	-132.80	-90.55	-82.44	-32.78
	-402.98	-345.13	-288.85	-187.69	-75.66

Net Current Assets	-135.88	-86.25	-86.03	-81.08	-26.04

Non-Current Liabilities
Borrowings	-62.79	-57.06	-34.65	-2.01	0.00
Provisions	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	-0.39	-0.95	-1.07	-1.19	-0.70
	-63.18	-58.00	-35.72	-3.20	-0.70

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-466.16	-403.13	-324.57	-190.89	-76.36

Net Assets	26.80	38.84	35.05	20.08	27.94

Capital & Reserves
Share Capital	0.06	0.06	0.05	0.05	0.04
Share Premium Account	14.55	13.88	11.34	12.58	9.13
Other Reserves	2.86	7.13	9.44	10.38	5.69
Retained Earnings	-2.68	-4.63	-8.51	-9.49	8.07
Shareholders Funds	14.79	16.43	12.32	13.52	22.93

Minority Interests/Other Equity	12.00	22.41	22.73	6.56	5.01
Total Equity	26.80	38.84	35.05	20.08	27.94

Ratios - based on IFRS	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
PE Ratio - Adjusted	-18.78	5.78	82.26	-0.48	8.00
PEG - Adjusted	0.16	0.00	-0.82	0.00	n/a
Earnings per Share Growth - Adjusted	-117.48%	3402.27%	-100.59%	-404.10%	n/a
Dividend Cover	-0.73	n/a	n/a	n/a	n/a
Revenue Per Share	3630.92p	2364.83p	953.53p	1129.19p	485.90p
Pre-Tax Profit per Share	17.08p	3.09p	-3.15p	-53.09p	25.27p
Operating Margin	2.02%	1.70%	1.27%	-2.40%	6.52%
Return on Capital Employed	7.35%	5.88%	2.20%	-7.94%	17.49%

Continuing & Discontinued Operations
Dividend Yield	7.32%	0.00%	0.00%	0.00%	0.00%
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	35.95p	7.04p	1.75p	26.17p	55.75p
Net Gearing	1928.93%	977.48%	1024.86%	331.51%	134.21%

Data is provided by Morningstar

HAIKE CHEMICAL - Fundamentals