NBP NARBOROUGH PLANTATIONS PLC ORD 10P

NARBORO.PLNT 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	1.60	1.98	1.43	1.02	1.32
Operating Profit/(Loss)	0.94	1.61	0.79	0.60	0.75
Net Interest	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	2.20	1.85	1.04	0.76	0.89
Profit After Tax	1.94	1.42	0.81	0.61	0.67
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	1.94	1.42	0.81	0.61	0.67
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	1.94	1.42	0.81	0.61	0.67

Continuing EPS
Earnings per Share - Basic	14.59p	10.68p	6.04p	4.57p	5.06p
Earnings per Share - Diluted	14.59p	10.68p	6.04p	4.57p	5.06p
Earnings per Share - Adjusted	14.59p	10.68p	6.04p	4.57p	5.06p
Continuing and Discontinued EPS
Earnings per Share - Basic	14.59p	10.68p	6.04p	4.57p	5.06p
Earnings per Share - Diluted	14.59p	10.68p	6.04p	4.57p	5.06p
Earnings per Share - Adjusted	14.59p	10.68p	6.04p	4.57p	5.06p

Dividend per Share	2.85p	2.00p	1.58p	1.05p	1.62p

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	10.73	3.03	3.09	2.66	2.94
Intangible Assets	0.00	0.00	0.00	0.00	0.00
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	3.91	2.22	2.06	1.58	1.64
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	3.36	3.23	3.06	2.66	2.92
	18.00	8.48	8.21	6.91	7.50
Current Assets
Inventories	0.02	0.00	0.00	0.00	0.00
Trade & Other Receivables	0.19	0.13	0.13	0.07	0.14
Cash at Bank & in Hand	3.01	3.03	2.55	2.04	1.90
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
	3.22	3.17	2.68	2.11	2.04

Total Assets	21.21	11.65	10.89	9.01	9.54

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-0.18	-0.13	-0.14	-0.11	-0.10
	-0.18	-0.13	-0.14	-0.11	-0.10

Net Current Assets	3.04	3.04	2.54	2.00	1.94

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-0.84	-0.81	-0.77	-0.01	-0.01
Other Non-Current Liabilities	-0.02	-0.02	-0.03	-0.02	-0.03
	-0.86	-0.84	-0.80	-0.03	-0.04

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-1.04	-0.96	-0.94	-0.14	-0.14

Net Assets	20.18	10.69	9.95	8.88	9.41

Capital & Reserves
Share Capital	1.33	1.33	1.33	1.33	1.33
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	12.77	4.65	4.77	3.95	4.52
Retained Earnings	6.07	4.70	3.85	3.60	3.56
Shareholders Funds	20.18	10.69	9.95	8.88	9.41

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	20.18	10.69	9.95	8.88	9.41

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	5.62	7.49	12.75	8.32	12.85
PEG - Adjusted	0.15	0.10	0.40	-0.86	-0.26
Earnings per Share Growth - Adjusted	36.61%	76.82%	32.17%	-9.68%	-48.84%
Dividend Cover	5.12	5.34	3.83	4.35	3.13
Revenue Per Share	11.98p	14.83p	10.73p	7.66p	9.93p
Pre-Tax Profit per Share	16.53p	13.90p	7.82p	5.68p	6.66p
Operating Margin	28.70%	68.71%	55.49%	58.82%	56.66%
Return on Capital Employed	10.49%	16.12%	9.71%	8.52%	9.41%

Continuing & Discontinued Operations
Dividend Yield	3.48%	2.50%	2.05%	2.76%	2.49%
Dividend per Share Growth	42.50%	26.98%	50.00%	-35.11%	124.72%
Net Asset Value per Share (exc. Intangibles)	151.51p	80.25p	74.70p	66.65p	70.62p
Net Gearing	-14.93%	-28.37%	-25.64%	-22.94%	-20.23%

Data is provided by Morningstar

NARBORO.PLNT - Fundamentals