CRE CRESTON PLC ORD 10P

CRESTON Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	74.92	67.77	61.26	138.47	137.26
Operating Profit/(Loss)	11.08	8.75	5.93	12.30	12.69
Net Interest	0.13	0.31	0.68	1.61	1.79
Profit Before Tax	10.83	8.37	5.05	10.01	9.58
Profit After Tax	9.11	5.67	2.92	6.60	4.78
Discontinued Operations
Profit After Tax	0.00	0.15	2.55	0.00	0.00
PROFIT FOR THE PERIOD	9.11	5.82	5.47	6.60	4.78
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	9.11	5.82	5.47	6.60	4.78

Continuing EPS
Earnings per Share - Basic	15.08p	9.41p	4.98p	12.21p	8.65p
Earnings per Share - Diluted	15.08p	9.41p	4.97p	12.10p	8.64p
Earnings per Share - Adjusted	12.34p	12.39p	13.47p	18.75p	17.04p
Continuing and Discontinued EPS
Earnings per Share - Basic	15.08p	3.89p	8.75p	12.21p	8.65p
Earnings per Share - Diluted	15.08p	3.89p	8.74p	12.10p	8.64p
Earnings per Share - Adjusted	12.34p	12.59p	17.66p	18.75p	17.04p

Dividend per Share	3.08p	1.75p	0.00p	2.53p	2.73p

Balance Sheet (£ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Assets
Non-Current Assets
Property, Plant & Equipment	3.39	2.14	2.07	2.51	3.62
Intangible Assets	108.52	102.66	120.63	124.44	121.01
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	0.59	0.69	1.32	1.35	1.34
	112.51	105.49	124.01	128.30	125.96
Current Assets
Inventories	1.20	1.44	2.94	1.67	1.93
Trade & Other Receivables	25.98	29.05	32.35	30.81	34.58
Cash at Bank & in Hand	1.82	1.68	2.78	2.83	3.79
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
	29.00	32.17	38.06	35.31	40.30

Total Assets	141.51	137.67	162.07	163.61	166.26

Liabilities
Current Liabilities
Borrowings	-1.91	-1.72	-27.70	-9.83	-7.23
Other Current Liabilities	-29.06	-30.80	-38.42	-51.42	-45.03
	-30.97	-32.52	-66.11	-61.25	-52.26

Net Current Assets	-1.96	-0.35	-28.05	-25.95	-11.96

Non-Current Liabilities
Borrowings	0.00	-0.00	-0.01	-11.60	-14.40
Provisions	-7.05	-8.38	0.00	-2.89	-16.70
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00
	-7.05	-8.38	-0.01	-14.49	-31.10

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-38.01	-40.90	-66.12	-75.74	-83.36

Net Assets	103.50	96.76	95.95	87.87	82.90

Capital & Reserves
Share Capital	6.13	6.13	7.60	8.28	8.02
Share Premium Account	35.94	35.94	35.94	33.35	33.35
Other Reserves	31.07	31.40	30.56	30.30	31.12
Retained Earnings	30.35	23.29	21.86	15.94	10.41
Shareholders Funds	103.50	96.76	95.95	87.87	82.90

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	103.50	96.76	95.95	87.87	82.90

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	5.02	7.67	6.68	1.60	3.40
PEG - Adjusted	-12.55	-0.96	-0.24	0.16	-1.19
Earnings per Share Growth - Adjusted	-0.40%	-8.02%	-28.16%	10.04%	-2.85%
Dividend Cover	4.01	7.08	n/a	7.41	6.24
Revenue Per Share	124.02p	112.41p	104.31p	256.38p	248.36p
Pre-Tax Profit per Share	17.93p	13.88p	8.59p	18.54p	17.33p
Operating Margin	14.63%	12.81%	9.01%	8.25%	8.22%
Return on Capital Employed	278.98%	206.35%	189.16%	-94.83%	4983.33%

Continuing & Discontinued Operations
Dividend Yield	4.97%	1.84%	0.00%	8.43%	4.71%
Dividend per Share Growth	76.00%	n/a	-100.00%	-7.33%	10.08%
Net Asset Value per Share (exc. Intangibles)	-8.20p	-9.61p	-40.23p	-65.64p	-68.43p
Net Gearing	0.09%	0.05%	25.98%	21.17%	21.52%

Data is provided by Morningstar

CRESTON - Fundamentals