XPP XP POWER LIMITED ORD 1P (DI)

XP POWER 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	93.90	103.60	91.80	67.30	69.30
Operating Profit/(Loss)	21.00	25.30	19.70	9.60	9.30
Net Interest	0.50	0.80	0.60	0.90	1.50
Profit Before Tax	20.20	24.30	18.60	8.40	10.20
Profit After Tax	15.70	20.70	16.00	7.60	9.00
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	15.70	20.70	16.00	7.60	9.00
Attributable to:
Minority Interests	-0.20	-0.40	-0.20	-0.20	-0.20
Equity Holders of Parent Company	15.50	20.30	15.80	7.40	8.80

Continuing EPS
Earnings per Share - Basic	81.70p	107.10p	83.90p	39.40p	46.50p
Earnings per Share - Diluted	81.30p	106.40p	83.20p	39.30p	46.40p
Earnings per Share - Adjusted	81.70p	107.10p	83.70p	40.80p	34.80p
Continuing and Discontinued EPS
Earnings per Share - Basic	81.70p	107.10p	83.90p	39.40p	46.50p
Earnings per Share - Diluted	81.30p	106.40p	83.20p	39.30p	46.40p
Earnings per Share - Adjusted	81.70p	107.10p	83.70p	40.80p	34.80p

Dividend per Share	47.00p	39.00p	25.00p	21.00p	21.00p

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	13.20	8.90	8.20	7.00	5.90
Intangible Assets	38.10	37.70	36.10	35.50	33.50
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.10	0.10	0.10	0.10
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	1.50	6.00	3.30	3.00	3.60
	52.80	52.70	47.70	45.60	43.10
Current Assets
Inventories	19.80	22.00	21.00	10.70	17.50
Trade & Other Receivables	15.40	18.60	17.10	12.20	13.90
Cash at Bank & in Hand	4.10	6.30	5.00	4.00	3.40
Current Asset Investments	0.00	0.00	0.00	0.00	0.80
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	39.30	46.90	43.10	26.90	35.60

Total Assets	92.10	99.60	90.80	72.50	78.70

Liabilities
Current Liabilities
Borrowings	-7.30	-13.40	-12.70	-3.90	-7.30
Other Current Liabilities	-12.90	-14.80	-19.30	-11.90	-15.40
	-20.20	-28.20	-32.00	-15.80	-22.70

Net Current Assets	19.10	18.70	11.10	11.10	12.90

Non-Current Liabilities
Borrowings	-7.40	-11.50	-10.70	-18.80	-23.90
Provisions	-3.20	-4.10	-5.30	-5.40	-3.30
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.20
	-10.60	-15.60	-16.00	-24.20	-27.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-30.80	-43.80	-48.00	-40.00	-49.70

Net Assets	61.30	55.80	42.80	32.50	29.00

Capital & Reserves
Share Capital	27.20	27.20	27.20	27.20	27.20
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	-8.90	-7.90	-8.80	-8.30	-8.10
Retained Earnings	42.80	36.30	24.20	13.30	9.70
Shareholders Funds	61.10	55.60	42.60	32.20	28.80

Minority Interests/Other Equity	0.20	0.20	0.20	0.30	0.20
Total Equity	61.30	55.80	42.80	32.50	29.00

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	12.35	8.73	12.45	10.91	3.79
PEG - Adjusted	-0.52	0.31	0.12	0.63	0.35
Earnings per Share Growth - Adjusted	-23.72%	27.96%	105.15%	17.24%	10.83%
Dividend Cover	1.74	2.75	3.35	1.94	1.66
Revenue Per Share	494.78p	546.82p	487.52p	358.21p	366.36p
Pre-Tax Profit per Share	106.44p	128.26p	98.78p	44.71p	53.92p
Operating Margin	22.04%	24.23%	20.92%	13.82%	16.59%
Return on Capital Employed	50.36%	53.29%	54.24%	37.05%	39.00%

Continuing & Discontinued Operations
Dividend Yield	4.66%	4.17%	2.40%	4.72%	15.91%
Dividend per Share Growth	20.51%	56.00%	19.05%	0.00%	10.53%
Net Asset Value per Share (exc. Intangibles)	119.53p	93.06p	33.78p	-17.15p	-24.43p
Net Gearing	17.35%	33.45%	43.19%	58.07%	96.53%

Data is provided by Morningstar

XP POWER - Fundamentals