CAI CASTLE ALTERNATIVE INVEST AG REGISTERED SHS CHF5 (DI)

CASTLE ALT INV Currency USD Premium Equity Closed Ended Investment Funds

Income Statement ($ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	26.30	-19.64	0.00	0.00	0.00
Operating Profit/(Loss)	18.51	-28.49	18.87	61.79	-93.35
Net Interest	0.01	0.04	0.10	0.00	0.04
Profit Before Tax	18.50	-28.52	18.77	61.79	-93.39
Profit After Tax	18.50	-28.52	18.77	61.79	-93.39
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	18.50	-28.52	18.77	61.79	-93.39
Attributable to:
Minority Interests	-8.37	9.36	-3.88	0.00	0.00
Equity Holders of Parent Company	10.12	-19.17	14.89	61.79	-93.39

Continuing EPS
Earnings per Share - Basic	71.00¢	-123.00¢	42.00¢	163.00¢	-243.00¢
Earnings per Share - Diluted	71.00¢	-123.00¢	42.00¢	163.00¢	-243.00¢
Earnings per Share - Adjusted	71.00¢	-123.00¢	42.00¢	163.00¢	-243.00¢
Continuing and Discontinued EPS
Earnings per Share - Basic	71.00¢	-123.00¢	42.00¢	163.00¢	-243.00¢
Earnings per Share - Diluted	71.00¢	-123.00¢	42.00¢	163.00¢	-243.00¢
Earnings per Share - Adjusted	71.00¢	-123.00¢	42.00¢	163.00¢	-243.00¢

Dividend per Share	0.00¢	0.00¢	0.00¢	0.00¢	0.00¢

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	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	322.58	394.55	560.54	568.27	452.46
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.00	0.00	0.00	0.00	0.00
	322.58	394.55	560.54	568.27	452.46
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	56.81	0.55	18.97	18.34	25.86
Cash at Bank & in Hand	27.76	8.52	0.44	7.74	68.63
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	84.57	9.06	19.41	26.08	94.49

Total Assets	407.15	403.62	579.95	594.35	546.95

Liabilities
Current Liabilities
Borrowings	0.00	-0.79	-4.50	0.00	0.00
Other Current Liabilities	-152.63	-1.38	-1.21	-2.59	-1.38
	-152.63	-2.17	-5.71	-2.59	-1.38

Net Current Assets	-68.06	6.90	13.70	23.49	93.12

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-152.63	-2.17	-5.71	-2.59	-1.38

Net Assets	254.52	401.45	574.24	591.76	545.58

Capital & Reserves
Share Capital	56.18	62.39	84.89	282.64	298.25
Share Premium Account	63.14	63.14	0.00	0.00	0.00
Other Reserves	-33.91	-26.38	0.00	0.00	0.00
Retained Earnings	144.39	141.25	180.23	309.12	247.33
Shareholders Funds	229.80	240.41	265.11	591.76	545.58

Minority Interests/Other Equity	24.72	161.04	309.13	0.00	0.00
Total Equity	254.52	401.45	574.24	591.76	545.58

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	0.18	-0.09	0.29	0.08	n/a
PEG - Adjusted	0.00	0.00	0.00	0.00	n/a
Earnings per Share Growth - Adjusted	-157.72%	-392.86%	-74.23%	-167.08%	n/a
Dividend Cover	n/a	n/a	n/a	n/a	n/a
Revenue Per Share	184.45¢	-125.85¢	0.00¢	0.00¢	0.00¢
Pre-Tax Profit per Share	129.72¢	-182.75¢	53.25¢	162.52¢	-242.55¢
Operating Margin	70.34%	145.12%	n/a	n/a	n/a
Return on Capital Employed	7.27%	-7.08%	3.26%	10.44%	-17.11%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	0.00%	0.00%	n/a
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	1695.57¢	1375.16¢	1345.27¢	1537.00¢	1417.05¢
Net Gearing	-12.08%	-3.21%	1.53%	-1.31%	-12.58%

Data is provided by Morningstar

CASTLE ALT INV - Fundamentals