CTR CHARLES TAYLOR PLC ORD 1P

CHARLES TAYLOR 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	108.20	102.46	99.13	96.60	80.84
Operating Profit/(Loss)	8.82	8.50	14.61	17.67	11.47
Net Interest	0.03	0.05	1.94	1.66	2.54
Profit Before Tax	7.08	6.38	12.48	15.73	9.93
Profit After Tax	5.37	4.57	10.58	11.89	8.62
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	5.37	4.57	10.58	11.89	8.62
Attributable to:
Minority Interests	1.16	0.56	-3.85	-4.28	-0.66
Equity Holders of Parent Company	6.54	5.12	6.73	7.61	7.96

Continuing EPS
Earnings per Share - Basic	16.25p	12.79p	16.79p	19.04p	19.92p
Earnings per Share - Diluted	16.17p	12.74p	16.72p	19.03p	19.88p
Earnings per Share - Adjusted	16.25p	12.79p	22.00p	29.02p	28.67p
Continuing and Discontinued EPS
Earnings per Share - Basic	16.25p	12.79p	16.79p	19.04p	19.92p
Earnings per Share - Diluted	16.17p	12.74p	16.72p	19.03p	19.88p
Earnings per Share - Adjusted	16.25p	12.79p	22.00p	29.02p	28.67p

Dividend per Share	10.00p	7.71p	14.55p	14.12p	13.68p

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	4.68	5.05	5.49	6.03	5.55
Intangible Assets	50.56	51.53	56.49	59.21	45.22
Investment Properties	0.66	0.65	0.00	0.00	0.00
Investments	0.00	0.00	1.64	1.80	2.02
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	7.68	9.58	7.53	6.14	6.72
	64.23	67.46	71.14	73.17	59.50
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	400.59	396.30	51.99	26.46	52.56
Cash at Bank & in Hand	47.76	43.48	43.68	49.38	53.34
Current Asset Investments	0.00	0.00	269.14	292.03	345.38
Other Current Assets	0.00	0.00	0.00	29.20	0.00
	448.35	439.77	364.81	397.07	451.27

Total Assets	512.58	507.23	435.96	470.24	510.77

Liabilities
Current Liabilities
Borrowings	-21.36	-21.27	-19.73	-23.00	-28.56
Other Current Liabilities	-372.66	-342.94	-271.88	-300.11	-361.16
	-394.02	-364.21	-291.61	-323.11	-389.72

Net Current Assets	54.32	75.57	73.21	73.96	61.56

Non-Current Liabilities
Borrowings	-20.67	-24.15	-23.86	-30.29	-15.47
Provisions	-0.67	-0.93	-1.39	-2.87	-2.14
Other Non-Current Liabilities	-40.61	-49.17	-41.66	-40.76	-34.99
	-61.94	-74.25	-66.91	-73.92	-52.60

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-455.96	-438.46	-358.52	-397.03	-442.32

Net Assets	56.61	68.77	77.44	73.21	68.46

Capital & Reserves
Share Capital	0.40	0.40	0.40	0.40	0.40
Share Premium Account	30.64	30.64	30.64	29.90	29.90
Other Reserves	7.15	7.53	7.22	7.22	7.22
Retained Earnings	-3.68	-6.34	2.43	3.53	2.98
Shareholders Funds	34.50	32.23	40.69	41.05	40.50

Minority Interests/Other Equity	22.11	36.54	36.75	32.16	27.96
Total Equity	56.61	68.77	77.44	73.21	68.46

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	10.37	9.94	7.57	7.24	8.83
PEG - Adjusted	0.38	-0.24	-0.31	5.93	-0.91
Earnings per Share Growth - Adjusted	27.05%	-41.86%	-24.19%	1.22%	-9.73%
Dividend Cover	1.63	1.66	1.51	2.06	2.10
Revenue Per Share	269.05p	255.74p	247.18p	241.61p	202.28p
Pre-Tax Profit per Share	17.59p	15.92p	31.12p	39.34p	24.83p
Operating Margin	6.48%	6.09%	14.31%	17.92%	14.07%
Return on Capital Employed	8.84%	6.53%	15.94%	18.68%	13.38%

Continuing & Discontinued Operations
Dividend Yield	5.93%	6.06%	8.74%	6.72%	5.40%
Dividend per Share Growth	29.70%	-47.01%	3.05%	3.22%	9.97%
Net Asset Value per Share (exc. Intangibles)	-39.79p	-47.84p	-39.15p	-45.30p	-11.77p
Net Gearing	-16.61%	6.03%	-0.25%	9.53%	-23.00%

Data is provided by Morningstar

CHARLES TAYLOR - Fundamentals