apr-11.pdf (2.07 MB) - Crown Ownership Monitoring Unit

Animal Control Products LimitedCHAIR » Derek KirkeBOARD » Dr David WarburtonCHIEF EXECUTIVE » Colin CarterActivitiesAnimal Control ProductsLimited’s (ACP) core businessis the manufacture and sale ofpest management products.ACP operates a research anddevelopment programme, andworks closely with LandcareResearch and other researchagencies to enhance itsexisting products and developinnovative solutions for the pestcontrol industry.Financial performance measures2007 2008 2009 2010 2011ReturnsTotal shareholder return 27.5% 73.4% 4.9% 7.4% 11.5%Dividend yield 22.7% 10.3% 8.5% 14.9% 16.6%Dividend payout 136.6% 45.4% 46.1% 87.7% 60.6%Adjusted ROE 42.4% 37.9% 27.1% 18.7% 40.9%EfficiencyROCE 61.0% 53.1% 37.4% 38.8% 54.2%Operating margin 27.2% 27.4% 24.9% 27.1% 33.6%Generator efficiency N/A N/A N/A N/A N/ALeverageNet gearing 0.0% 0.0% 0.0% 0.0% 0.0%Interest cover N/A N/A N/A 88.32 84.61Current ratio 5.25 3.81 3.42 4.29 3.76OtherFive-year averageDividend growth 1.2%Revenue growth 2.4%Income statement$m 2007 2008 2009 2010 2011Revenue 6 6 6 6 7EBITDAF 2 2 1 2 2NPAT 1 1 1 1 2Balance sheet$m 2007 2008 2009 2010 2011Total assets 5 6 7 7 8Total liabilities 1 1 1 1 2Commercial value* 5 7 7 6 6Cash flow statement$m 2007 2008 2009 2010 2011Operating activities (net) 1 1 1 1 2Purchase of fixed assets 0 1 1 1 0Dividends 1 1 1 1 1Net cash flow (0) 0 (0) 0 1Note:* Commercial valuation from the SCIpage | 68