BUT BRUNNER INVESTMENT TRUST PLC ORD 25P

BRUNNER INV.TST Currency GBX Premium Equity Closed Ended Investment Funds

Income Statement (£ m)	30-Nov-12	30-Nov-11	30-Nov-10	30-Nov-09	30-Nov-08
Continuing Operations
Revenue	n/a	n/a	n/a	n/a	n/a
Operating Profit/(Loss)	n/a	n/a	n/a	n/a	n/a
Net Interest	n/a	n/a	n/a	n/a	n/a
Profit Before Tax	n/a	n/a	n/a	n/a	n/a
Profit After Tax	5.78	5.50	4.76	5.71	6.76
Discontinued Operations
Profit After Tax	n/a	n/a	n/a	n/a	n/a
PROFIT FOR THE PERIOD	5.78	5.50	4.76	5.71	6.76
Attributable to:
Minority Interests	n/a	n/a	n/a	n/a	n/a
Equity Holders of Parent Company	5.78	5.50	4.76	5.71	6.76

Continuing EPS
Earnings per Share - Basic	13.34p	12.28p	10.31p	12.22p	14.32p
Earnings per Share - Diluted	13.34p	12.28p	10.31p	12.22p	14.32p
Earnings per Share - Adjusted	13.34p	12.28p	10.31p	12.22p	14.32p
Continuing and Discontinued EPS
Earnings per Share - Basic	n/a	n/a	n/a	n/a	n/a
Earnings per Share - Diluted	n/a	n/a	n/a	n/a	n/a
Earnings per Share - Adjusted	n/a	n/a	n/a	n/a	n/a

Dividend per Share	13.00p	12.20p	12.00p	11.70p	11.10p

Balance Sheet (£ m)	30-Nov-12	30-Nov-11	30-Nov-10	30-Nov-09	30-Nov-08
Assets
Non-Current Assets
Property, Plant & Equipment	n/a	n/a	n/a	n/a	n/a
Intangible Assets	n/a	n/a	n/a	n/a	n/a
Investment Properties	n/a	n/a	n/a	n/a	n/a
Investments	266.00	250.58	258.01	252.02	208.32
Other Financial Assets	n/a	n/a	n/a	n/a	n/a
Other Non-Current Assets	0.00	0.00	0.00	0.00	0.00
	266.00	250.58	258.01	252.02	208.32
Current Assets
Inventories	n/a	n/a	n/a	n/a	n/a
Trade & Other Receivables	1.19	1.38	1.61	1.57	3.29
Cash at Bank & in Hand	11.96	7.41	10.38	6.09	11.77
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	n/a	n/a	n/a	n/a	n/a
	13.16	8.79	11.98	7.66	15.06

Total Assets	279.16	259.37	269.99	259.69	223.38

Liabilities
Current Liabilities
Borrowings	n/a	n/a	n/a	n/a	n/a
Other Current Liabilities	n/a	n/a	n/a	n/a	n/a
	1.890	4.505	1.750	1.361	3.389

Net Current Assets	11.27	4.29	10.23	6.30	11.67

Non-Current Liabilities
Borrowings	n/a	n/a	n/a	n/a	n/a
Provisions	n/a	n/a	n/a	n/a	n/a
Other Non-Current Liabilities	n/a	n/a	n/a	n/a	n/a
	50.07	50.29	50.49	51.83	51.94

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	51.96	54.79	52.24	53.19	55.33

Net Assets	227.19	204.58	217.75	206.49	168.05

Capital & Reserves
Share Capital	227.19	204.58	217.75	206.49	168.05
Share Premium Account	n/a	n/a	n/a	n/a	n/a
Other Reserves	n/a	n/a	n/a	n/a	n/a
Retained Earnings	n/a	n/a	n/a	n/a	n/a
Shareholders Funds	227.19	204.58	217.75	206.49	168.05

Minority Interests/Other Equity	n/a	n/a	n/a	n/a	n/a
Total Equity	227.19	204.58	217.75	206.49	168.05

Ratios - based on IFRS	30-Nov-12	30-Nov-11	30-Nov-10	30-Nov-09	30-Nov-08
Continuing Operations
PE Ratio - Adjusted	31.00	30.99	37.88	30.11	20.02
PEG - Adjusted	3.59	1.62	-2.42	-2.05	1.79
Earnings per Share Growth - Adjusted	8.63%	19.11%	-15.63%	-14.66%	11.18%
Dividend Cover	1.03	1.01	0.86	1.04	1.29
Revenue Per Share	n/a	n/a	n/a	n/a	n/a
Pre-Tax Profit per Share	n/a	n/a	n/a	n/a	n/a
Operating Margin	n/a	n/a	n/a	n/a	n/a
Return on Capital Employed	n/a	n/a	n/a	n/a	n/a

Continuing & Discontinued Operations
Dividend Yield	3.14%	3.21%	3.07%	3.18%	3.87%
Dividend per Share Growth	6.56%	1.67%	2.56%	5.41%	9.90%
Net Asset Value per Share (exc. Intangibles)	525.39p	468.59p	475.96p	443.75p	357.81p
Net Gearing	n/a	n/a	n/a	n/a	n/a

Data is provided by Morningstar

BRUNNER INV.TST - Fundamentals