GKP GULF KEYSTONE PETROLEUM LTD COM SHS USD0.01 (DI)

GULF KEYSTONE Currency GBX

Income Statement (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
Revenue	4.45	0.52	0.00	0.69	2.70
Operating Profit/(Loss)	-45.27	-20.82	-59.04	-41.90	-17.23
Net Interest	0.30	0.22	0.64	0.07	0.05
Profit Before Tax	-41.05	-17.12	-59.54	-40.65	-14.70
Profit After Tax	-40.12	-16.60	-59.56	-40.49	-14.89
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-40.12	-16.60	-59.56	-40.49	-14.89
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	-40.12	-16.60	-59.56	-40.49	-14.89

Continuing EPS
Earnings per Share - Basic	-5.15p	-2.66p	-14.10p	-12.76p	-5.37p
Earnings per Share - Diluted	-5.15p	-2.66p	-14.10p	-12.76p	-5.37p
Earnings per Share - Adjusted	-5.15p	-2.66p	-14.10p	-12.76p	-5.37p
Continuing and Discontinued EPS
Earnings per Share - Basic	-5.15p	-2.66p	-14.10p	-12.76p	-5.37p
Earnings per Share - Diluted	-5.15p	-2.66p	-14.10p	-12.76p	-5.37p
Earnings per Share - Adjusted	-5.15p	-2.66p	-14.10p	-12.76p	-5.37p

Dividend per Share	0.00p	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	2.76	2.62	2.12	10.78	12.00
Intangible Assets	231.65	142.96	55.96	65.51	20.92
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00
Other Financial Assets	0.00	0.00	0.00	0.00	3.07
Other Non-Current Assets	5.13	2.62	0.59	0.00	0.00
	239.54	148.20	58.68	76.28	35.99
Current Assets
Inventories	11.09	9.21	0.36	4.06	2.75
Trade & Other Receivables	5.53	2.34	1.37	5.39	3.01
Cash at Bank & in Hand	133.91	128.55	11.85	23.05	43.97
Current Asset Investments	20.18	6.92	0.36	0.00	0.00
Other Current Assets	23.06	6.67	0.00	0.00	0.00
	193.77	153.69	13.93	32.50	49.74

Total Assets	433.31	301.89	72.60	108.78	85.72

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-38.14	-25.18	-27.61	-12.70	-18.46
	-38.14	-25.18	-27.61	-12.70	-18.46

Net Current Assets	155.63	128.51	-13.68	19.80	31.28

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-5.19	-4.09	-2.19	-1.95	-0.53
Other Non-Current Liabilities	0.00	0.00	-0.07	-10.19	0.00
	-5.19	-4.09	-2.26	-12.14	-0.53

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-43.33	-29.27	-29.87	-24.84	-18.99

Net Assets	389.98	272.62	42.73	83.94	66.74

Capital & Reserves
Share Capital	4.91	4.23	2.47	1.90	0.93
Share Premium Account	508.61	379.05	148.32	140.53	79.23
Other Reserves	21.56	12.88	7.17	3.23	2.00
Retained Earnings	-145.10	-123.53	-115.22	-61.71	-15.42
Shareholders Funds	389.98	272.62	42.73	83.94	66.74

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	389.98	272.62	42.73	83.94	66.74

Ratios - based on IFRS	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
PE Ratio - Adjusted	-36.89	-63.35	-6.38	-1.31	-6.01
PEG - Adjusted	-0.39	0.78	-0.61	-0.01	n/a
Earnings per Share Growth - Adjusted	93.54%	-81.11%	10.49%	137.48%	n/a
Dividend Cover	n/a	n/a	n/a	n/a	n/a
Revenue Per Share	0.57p	0.08p	0.00p	0.22p	0.97p
Pre-Tax Profit per Share	-5.27p	-2.75p	-14.09p	-12.81p	-5.31p
Operating Margin	-933.09%	-3299.42%	n/a	-6086.42%	-639.01%
Return on Capital Employed	-24.92%	-12.64%	533.82%	-199.02%	-31.61%

Continuing & Discontinued Operations
Dividend Yield	0.00%	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)	18.54p	17.19p	-2.70p	5.01p	16.48p
Net Gearing	-34.34%	-47.15%	-27.72%	-27.46%	-65.89%

Data is provided by Morningstar

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