ZAM ZAMBEEF PRODUCTS PLC ORD ZMK1

ZAMBEEF PROD. Currency GBX

Income Statement (£ m)	30-Sep-12	30-Sep-11	30-Sep-10
Continuing Operations
Revenue	157.95	132.75	102.75
Operating Profit/(Loss)	7.46	9.48	4.50
Net Interest	3.27	2.47	1.37
Profit Before Tax	1.90	6.80	2.07
Profit After Tax	1.64	6.01	2.64
Discontinued Operations
Profit After Tax	0.00	0.00	0.00
PROFIT FOR THE PERIOD	1.64	6.01	2.64
Attributable to:
Minority Interests	0.14	-0.01	-0.00
Equity Holders of Parent Company	1.78	6.00	2.64

Continuing EPS
Earnings per Share - Basic	0.72p	3.27p	1.66p
Earnings per Share - Diluted	0.72p	3.27p	1.66p
Earnings per Share - Adjusted	0.72p	3.27p	1.66p
Continuing and Discontinued EPS
Earnings per Share - Basic	0.72p	3.27p	1.66p
Earnings per Share - Diluted	0.72p	3.27p	1.66p
Earnings per Share - Adjusted	0.72p	3.27p	1.66p

Dividend per Share	0.29p	0.00p	0.00p

Balance Sheet (£ m)	30-Sep-12	30-Sep-11	30-Sep-10
Assets
Non-Current Assets
Property, Plant & Equipment	96.59	102.49	65.51
Intangible Assets	1.91	2.10	2.08
Investment Properties	0.00	0.00	0.00
Investments	0.00	0.00	0.00
Other Financial Assets	0.00	0.00	0.00
Other Non-Current Assets	13.91	4.77	2.53
	112.40	109.36	70.12
Current Assets
Inventories	61.35	22.40	17.54
Trade & Other Receivables	22.53	25.66	15.37
Cash at Bank & in Hand	0.00	0.00	4.49
Current Asset Investments	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00
	83.89	48.06	37.40

Total Assets	196.29	157.42	107.51

Liabilities
Current Liabilities
Borrowings	-23.92	-7.33	-15.36
Other Current Liabilities	-35.61	-25.30	-12.67
	-59.53	-32.63	-28.03

Net Current Assets	24.36	15.43	9.37

Non-Current Liabilities
Borrowings	-43.61	-24.07	-18.27
Provisions	-0.89	-0.46	-0.87
Other Non-Current Liabilities	-0.94	-0.68	0.00
	-45.44	-25.21	-19.14

Other Liabilities	n/a	n/a	n/a
Total Liabilities	-104.97	-57.84	-47.17

Net Assets	91.32	99.58	60.34

Capital & Reserves
Share Capital	0.04	0.04	0.03
Share Premium Account	76.35	79.14	45.60
Other Reserves	15.03	20.34	0.00
Retained Earnings	0.00	0.00	14.66
Shareholders Funds	91.42	99.52	60.29

Minority Interests/Other Equity	-0.10	0.06	0.05
Total Equity	91.32	99.58	60.34

Ratios - based on IFRS	30-Sep-12	30-Sep-11	30-Sep-10
Continuing Operations
PE Ratio - Adjusted	51.91	12.84	n/a
PEG - Adjusted	-0.66	0.13	n/a
Earnings per Share Growth - Adjusted	-78.07%	96.87%	n/a
Dividend Cover	2.48	n/a	n/a
Revenue Per Share	63.70p	72.48p	64.74p
Pre-Tax Profit per Share	0.76p	3.71p	1.30p
Operating Margin	3.27%	6.99%	3.34%
Return on Capital Employed	3.27%	7.17%	3.70%

Continuing & Discontinued Operations
Dividend Yield	0.77%	0.00%	n/a
Dividend per Share Growth	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	36.10p	39.29p	36.68p
Net Gearing	73.87%	31.54%	48.33%

Data is provided by Morningstar

ZAMBEEF PROD. - Fundamentals