BRAM BRAMMER PLC ORD 20P

BRAMMER 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	639.60	571.50	468.40	426.09	478.41
Operating Profit/(Loss)	29.50	27.30	21.70	3.88	25.31
Net Interest	2.80	2.80	2.30	4.21	6.12
Profit Before Tax	26.80	24.50	19.30	-1.49	18.89
Profit After Tax	19.80	18.30	13.80	-0.42	12.96
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	19.80	18.30	13.80	-0.42	12.96
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	19.80	18.30	13.80	-0.42	12.96

Continuing EPS
Earnings per Share - Basic	16.90p	16.80p	13.00p	-0.50p	24.50p
Earnings per Share - Diluted	16.40p	16.40p	13.00p	-0.50p	24.10p
Earnings per Share - Adjusted	21.90p	19.80p	13.90p	13.10p	25.70p
Continuing and Discontinued EPS
Earnings per Share - Basic	16.90p	16.80p	13.00p	0.10p	24.50p
Earnings per Share - Diluted	16.40p	16.40p	13.00p	0.10p	24.10p
Earnings per Share - Adjusted	21.90p	19.80p	13.90p	13.10p	25.70p

Dividend per Share	8.70p	7.20p	5.70p	5.50p	7.70p

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	14.80	13.40	11.00	12.53	16.19
Intangible Assets	109.10	109.10	85.00	87.74	93.79
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	0.00
Other Non-Current Assets	8.90	6.60	6.40	8.25	3.72
	132.80	129.10	102.40	108.52	113.71
Current Assets
Inventories	97.70	88.10	71.30	70.77	103.11
Trade & Other Receivables	109.10	114.80	81.40	71.22	93.94
Cash at Bank & in Hand	2.20	15.90	21.70	33.27	21.72
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
	209.00	218.80	174.40	175.26	218.77

Total Assets	341.80	347.90	276.80	283.78	332.47

Liabilities
Current Liabilities
Borrowings	-3.20	-3.40	-3.80	-6.25	-7.69
Other Current Liabilities	-131.50	-148.70	-105.70	-93.10	-128.67
	-134.70	-152.10	-109.50	-99.35	-136.36

Net Current Assets	74.30	66.70	64.90	75.91	82.41

Non-Current Liabilities
Borrowings	-52.80	-47.80	-54.60	-66.90	-97.97
Provisions	-10.80	-10.00	-9.90	-9.18	-9.10
Other Non-Current Liabilities	-22.50	-20.40	-15.80	-33.41	-29.96
	-86.10	-78.20	-80.30	-109.49	-137.02

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-220.80	-230.30	-189.80	-208.84	-273.38

Net Assets	121.00	117.60	87.00	74.94	59.09

Capital & Reserves
Share Capital	23.50	23.40	21.30	21.26	10.59
Share Premium Account	18.20	18.20	18.10	18.09	18.09
Other Reserves	-1.30	1.30	4.40	5.38	10.01
Retained Earnings	80.60	74.70	43.20	30.21	20.40
Shareholders Funds	121.00	117.60	87.00	74.94	59.09

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	121.00	117.60	87.00	74.94	59.09

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	14.25	12.15	17.99	9.16	4.05
PEG - Adjusted	1.34	0.29	2.94	-0.19	0.18
Earnings per Share Growth - Adjusted	10.61%	42.45%	6.11%	-49.03%	22.38%
Dividend Cover	2.52	2.75	2.44	2.38	3.34
Revenue Per Share	546.12p	524.22p	440.68p	536.97p	904.01p
Pre-Tax Profit per Share	22.88p	22.47p	18.16p	-1.88p	35.69p
Operating Margin	4.61%	4.76%	4.59%	0.62%	5.20%
Return on Capital Employed	29.48%	31.56%	25.09%	2.86%	26.78%

Continuing & Discontinued Operations
Dividend Yield	2.79%	2.99%	2.28%	4.58%	7.40%
Dividend per Share Growth	20.83%	26.32%	3.64%	-28.57%	22.22%
Net Asset Value per Share (exc. Intangibles)	10.15p	7.27p	1.88p	-12.04p	-65.54p
Net Gearing	44.46%	30.02%	42.18%	53.21%	142.07%

Data is provided by Morningstar

BRAM BRAMMER PLC ORD 20P

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