MRC MERCANTILE INVESTMENT TRUST (THE) PLC ORD 25P

MERCANTILE Currency GBX Premium Equity Closed Ended Investment Funds

Income Statement (£ m)	31-Jan-13	31-Jan-12	31-Jan-11	31-Jan-10	31-Jan-09
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	31.64	31.56	26.77	23.70	43.03
Discontinued Operations
Profit After Tax	n/a	n/a	n/a	n/a	n/a
PROFIT FOR THE PERIOD	31.64	31.56	26.77	23.70	43.03
Attributable to:
Minority Interests	n/a	n/a	n/a	n/a	n/a
Equity Holders of Parent Company	31.64	31.56	26.77	23.70	43.03

Continuing EPS
Earnings per Share - Basic	32.09p	31.88p	26.91p	23.18p	41.73p
Earnings per Share - Diluted	32.09p	31.88p	26.91p	23.18p	41.73p
Earnings per Share - Adjusted	32.09p	31.88p	26.91p	23.18p	41.73p
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	36.00p	36.00p	36.00p	36.00p	35.50p

Balance Sheet (£ m)	31-Jan-13	31-Jan-12	31-Jan-11	31-Jan-10	31-Jan-09
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	1417.23	1276.86	1347.56	1158.24	716.89
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
	1417.23	1276.86	1347.56	1158.24	716.89
Current Assets
Inventories	n/a	n/a	n/a	n/a	n/a
Trade & Other Receivables	2.72	2.12	4.03	19.65	1.79
Cash at Bank & in Hand	139.88	18.45	89.53	40.23	171.39
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
	142.60	20.56	93.56	59.87	173.18

Total Assets	1559.83	1297.42	1441.12	1218.11	890.07

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
	21.207	9.963	26.859	5.831	15.966

Net Current Assets	121.40	10.60	66.70	54.04	157.21

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
	177.19	177.09	177.00	176.90	176.81

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	198.40	187.06	203.86	182.73	192.77

Net Assets	1361.43	1110.36	1237.27	1035.38	697.30

Capital & Reserves
Share Capital	1361.43	1110.36	1237.27	1035.38	697.30
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	1361.43	1110.36	1237.27	1035.38	697.30

Minority Interests/Other Equity	n/a	n/a	n/a	n/a	n/a
Total Equity	1361.43	1110.36	1237.27	1035.38	697.30

Ratios - based on IFRS	31-Jan-13	31-Jan-12	31-Jan-11	31-Jan-10	31-Jan-09
Continuing Operations
PE Ratio - Adjusted	36.49	29.49	41.21	37.10	14.20
PEG - Adjusted	55.29	1.60	2.56	-0.83	2.91
Earnings per Share Growth - Adjusted	0.66%	18.47%	16.09%	-44.45%	4.88%
Dividend Cover	0.89	0.89	0.75	0.64	1.18
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	3.07%	3.83%	3.25%	4.19%	5.99%
Dividend per Share Growth	0.00%	0.00%	0.00%	1.41%	26.79%
Net Asset Value per Share (exc. Intangibles)	1382.78p	1124.86p	1249.31p	1015.59p	681.47p
Net Gearing	n/a	n/a	n/a	n/a	n/a

Data is provided by Morningstar

MERCANTILE - Fundamentals