JLT JARDINE LLOYD THOMPSON GROUP PLC ORD 5P

JARDINE LLOYD 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	880.06	818.76	740.68	612.92	536.09
Operating Profit/(Loss)	155.52	133.94	118.19	100.81	89.63
Net Interest	7.86	7.03	4.51	2.90	5.84
Profit Before Tax	156.79	134.48	119.37	102.01	92.81
Profit After Tax	116.02	95.27	94.82	73.27	64.83
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	116.02	95.27	94.82	73.27	64.83
Attributable to:
Minority Interests	-9.57	-6.52	-4.15	-2.38	-1.22
Equity Holders of Parent Company	106.45	88.75	90.66	70.89	63.61

Continuing EPS
Earnings per Share - Basic	48.60p	40.70p	41.80p	33.30p	29.60p
Earnings per Share - Diluted	48.40p	40.40p	41.70p	33.10p	29.60p
Earnings per Share - Adjusted	50.40p	45.60p	40.70p	34.00p	30.40p
Continuing and Discontinued EPS
Earnings per Share - Basic	48.60p	40.70p	41.80p	33.30p	29.60p
Earnings per Share - Diluted	48.40p	40.40p	41.70p	33.10p	29.60p
Earnings per Share - Adjusted	50.40p	45.60p	40.70p	34.00p	30.40p

Dividend per Share	24.40p	22.90p	21.30p	20.50p	20.50p

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	28.23	25.63	28.86	28.45	27.92
Intangible Assets	331.79	311.38	282.06	252.33	212.57
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	91.17	72.39	60.79	42.05	42.76
Other Financial Assets	21.55	8.95	3.77	7.61	3.73
Other Non-Current Assets	72.06	57.55	43.55	51.54	46.55
	544.79	475.88	419.04	381.97	333.53
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	348.45	288.71	271.44	231.69	208.31
Cash at Bank & in Hand	624.32	573.62	524.87	437.22	511.50
Current Asset Investments	9.36	3.14	4.51	6.79	0.00
Other Current Assets	0.00	0.00	38.26	74.16	0.00
	982.13	865.47	839.07	749.87	719.80

Total Assets	1526.92	1341.36	1258.11	1131.83	1053.33

Liabilities
Current Liabilities
Borrowings	-16.95	-1.84	-2.73	-1.04	-0.50
Other Current Liabilities	-762.65	-711.59	-715.19	-669.81	-681.41
	-779.61	-713.44	-717.91	-670.86	-681.91

Net Current Assets	202.53	152.04	121.16	79.01	37.89

Non-Current Liabilities
Borrowings	-236.70	-188.34	-142.66	-99.00	-69.79
Provisions	-16.31	-12.33	-13.04	-33.88	-26.30
Other Non-Current Liabilities	-146.09	-128.81	-81.08	-88.67	-42.83
	-399.10	-329.49	-236.77	-221.54	-138.92

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-1178.70	-1042.92	-954.69	-892.40	-820.83

Net Assets	348.22	298.43	303.42	239.43	232.50

Capital & Reserves
Share Capital	11.00	10.96	10.89	10.78	10.68
Share Premium Account	103.19	99.67	93.58	84.64	77.34
Other Reserves	36.35	24.47	35.14	37.73	12.70
Retained Earnings	182.78	151.01	155.37	99.53	126.46
Shareholders Funds	333.31	286.11	294.98	232.67	227.17

Minority Interests/Other Equity	14.91	12.33	8.44	6.76	5.33
Total Equity	348.22	298.43	303.42	239.43	232.50

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	15.67	15.12	15.45	14.22	14.41
PEG - Adjusted	1.49	1.26	0.78	1.20	0.85
Earnings per Share Growth - Adjusted	10.53%	12.04%	19.71%	11.84%	16.92%
Dividend Cover	2.07	1.99	1.91	1.66	1.48
Revenue Per Share	402.17p	375.36p	341.86p	287.75p	249.75p
Pre-Tax Profit per Share	71.65p	61.65p	55.09p	47.89p	43.24p
Operating Margin	17.59%	16.51%	14.69%	14.97%	13.79%
Return on Capital Employed	39.41%	45.56%	49.04%	50.22%	67.65%

Continuing & Discontinued Operations
Dividend Yield	3.09%	3.32%	3.39%	4.24%	4.68%
Dividend per Share Growth	6.55%	7.51%	3.90%	0.00%	0.00%
Net Asset Value per Share (exc. Intangibles)	0.70p	-11.59p	5.93p	-9.17p	6.87p
Net Gearing	-111.21%	-134.02%	-128.65%	-144.91%	-194.22%

Data is provided by Morningstar

JLT JARDINE LLOYD THOMPSON GROUP PLC ORD 5P

JARDINE LLOYD - Fundamentals