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DSC  DEVELOPMENT SECURITIES PLC  ORD 50P

DEV.SECS.  Currency GBX  Premium Equity Commercial Companies
Company



Income Statement  (£ m) 29-Feb-12 31-Dec-10 31-Dec-09 31-Dec-08 31-Dec-07
Continuing Operations
Revenue  80.03 44.43 35.07 171.11 60.36
Operating Profit/(Loss)  1.02 9.55 -4.98 -42.76 7.62
Net Interest  11.98 10.94 7.68 10.48 9.90
Profit Before Tax  -10.17 2.65 -11.39 -65.64 0.24
Profit After Tax  -12.05 1.68 -10.69 -60.56 0.04
Discontinued Operations
Profit After Tax  0.00 0.00 0.00 0.00 0.00
PROFIT FOR THE PERIOD  -12.05 1.68 -10.69 -60.56 0.04
Attributable to:
Minority Interests  -0.55 0.00 0.00 0.00 0.00
Equity Holders of Parent Company  -12.59 1.68 -10.69 -60.56 0.04
 
Continuing EPS
Earnings per Share - Basic  -10.30p 1.70p -16.80p -149.20p 0.10p
Earnings per Share - Diluted  -10.30p 1.70p -16.80p -149.10p 0.10p
Earnings per Share - Adjusted  -8.20p -11.80p -20.30p 33.90p 0.10p
Continuing and Discontinued EPS
Earnings per Share - Basic  -10.30p 1.70p -16.80p -149.20p 0.10p
Earnings per Share - Diluted  -10.30p 1.70p -16.80p -149.10p 0.10p
Earnings per Share - Adjusted  -8.20p -11.80p -20.30p 33.90p 0.10p
 
Dividend per Share  4.80p 4.80p 4.80p 7.20p 6.90p

Balance Sheet  (£ m) 29-Feb-12 31-Dec-10 31-Dec-09 31-Dec-08 31-Dec-07
Assets
Non-Current Assets
Property, Plant & Equipment  -233.55 -193.21 -175.24 -128.62 -150.08
Intangible Assets  1.27 1.27 0.00 0.00 0.00
Investment Properties  237.90 199.24 181.04 134.08 154.81
Investments  30.84 11.66 1.50 0.61 9.22
Other Financial Assets  0.00 3.31 7.47 7.91 0.14
Other Non-Current Assets  42.04 35.61 23.11 20.95 22.70
  316.40 257.11 218.91 169.02 191.61
Current Assets
Inventories  155.19 157.68 78.56 59.37 155.54
Trade & Other Receivables  30.52 26.25 23.73 48.18 18.86
Cash at Bank & in Hand  50.18 104.11 80.57 60.69 73.14
Current Asset Investments  0.00 0.00 9.88 8.50 10.47
Other Current Assets  0.00 0.00 0.00 0.00 0.00
  235.90 288.04 192.74 176.73 258.01
 
Total Assets  552.30 545.15 411.65 345.75 449.62
 
Liabilities
Current Liabilities
Borrowings  -9.88 -0.52 -12.67 -4.66 -0.85
Other Current Liabilities  -27.60 -28.61 -28.27 -24.34 -62.93
  -37.48 -29.13 -40.94 -29.00 -63.78
 
Net Current Assets  198.42 258.91 151.80 147.74 194.23
 
Non-Current Liabilities
Borrowings  -193.18 -174.98 -113.53 -143.21 -143.80
Provisions  -5.93 -7.93 -11.03 -9.48 -13.13
Other Non-Current Liabilities  -2.47 0.00 -2.13 -3.02 0.00
  -201.57 -182.91 -126.69 -155.71 -156.92
 
Other Liabilities  n/a n/a n/a n/a n/a
Total Liabilities  -239.05 -212.04 -167.64 -184.70 -220.70
 
Net Assets  313.24 333.11 244.02 161.05 228.92
 
Capital & Reserves
Share Capital  61.18 61.18 41.13 20.30 20.28
Share Premium Account  103.96 103.96 103.96 109.91 109.80
Other Reserves  40.06 43.39 45.76 44.16 48.68
Retained Earnings  106.13 124.58 53.17 -13.33 50.16
Shareholders Funds  311.33 333.11 244.02 161.05 228.92
 
Minority Interests/Other Equity  1.91 0.00 0.00 0.00 0.00
Total Equity  313.24 333.11 244.02 161.05 228.92
Ratios - based on IFRS 29-Feb-12 31-Dec-10 31-Dec-09 31-Dec-08 31-Dec-07
Continuing Operations
PE Ratio - Adjusted  -20.52 -19.07 -16.83 7.95 4950.00
PEG - Adjusted  0.67 0.46 0.11 0.00 n/a
Earnings per Share Growth - Adjusted  -30.51% -41.87% -159.88% 35212.50% n/a
Dividend Cover  -1.71 -2.46 -4.23 4.71 0.01
Revenue Per Share  65.39p 44.89p 57.44p 421.51p 147.98p
Pre-Tax Profit per Share  -8.31p 2.68p -18.65p -161.69p 0.60p
Operating Margin  -3.42% 20.48% -15.01% -30.61% 11.28%
Return on Capital Employed  0.35% 2.64% -0.97% -17.32% 2.62%
 
Continuing & Discontinued Operations
Dividend Yield  2.85% 2.13% 1.40% 2.67% 1.39%
Dividend per Share Growth  0.00% 0.00% -33.33% 4.35% n/a
Net Asset Value per Share (exc. Intangibles)  253.42p 271.21p 296.66p 396.63p 564.31p
Net Gearing  49.10% 21.43% 18.70% 54.14% 31.24%

Data is provided by Morningstar


DEV.SECS. - Fundamentals

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