CAY CHARLES STANLEY GROUP PLC ORD 25P

CHARLES STANLEY 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	119.64	125.57	114.99	101.75	105.56
Operating Profit/(Loss)	8.06	12.95	9.72	7.93	10.34
Net Interest	0.07	0.05	0.02	0.11	0.10
Profit Before Tax	8.48	13.38	10.27	9.21	12.40
Profit After Tax	5.93	9.52	6.84	6.47	8.94
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	5.93	9.52	6.84	6.47	8.94
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	5.93	9.52	6.84	6.47	8.94

Continuing EPS
Earnings per Share - Basic	13.12p	21.42p	15.44p	14.65p	20.89p
Earnings per Share - Diluted	13.08p	21.40p	15.44p	14.65p	20.21p
Earnings per Share - Adjusted	19.84p	28.39p	21.18p	20.00p	27.99p
Continuing and Discontinued EPS
Earnings per Share - Basic	13.12p	21.42p	15.44p	14.65p	20.89p
Earnings per Share - Diluted	13.08p	21.40p	15.44p	14.65p	20.21p
Earnings per Share - Adjusted	19.84p	28.39p	21.18p	20.00p	27.99p

Dividend per Share	11.00p	4.75p	13.85p	8.60p	8.35p

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	6.83	6.22	6.07	7.75	7.42
Intangible Assets	34.60	34.13	35.43	36.65	28.80
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	7.63	7.19	8.45	6.79	4.91
	49.07	47.53	49.95	51.18	41.13
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	267.32	224.72	188.10	257.19	299.05
Cash at Bank & in Hand	41.91	45.54	36.62	35.95	32.53
Current Asset Investments	0.21	0.17	0.08	0.16	2.58
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	309.44	270.43	224.80	293.30	334.15

Total Assets	358.51	317.96	274.75	344.48	375.28

Liabilities
Current Liabilities
Borrowings	-0.16	-0.09	-0.84	-1.75	-0.52
Other Current Liabilities	-270.23	-232.39	-194.61	-264.94	-298.14
	-270.39	-232.48	-195.45	-266.69	-298.66

Net Current Assets	39.05	37.95	29.35	26.62	35.50

Non-Current Liabilities
Borrowings	0.00	0.00	-0.02	-0.03	-1.40
Provisions	0.00	0.00	0.00	0.00	-0.20
Other Non-Current Liabilities	-6.44	-3.36	-5.86	-5.62	-3.94
	-6.44	-3.36	-5.87	-5.65	-5.54

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-276.82	-235.84	-201.32	-272.33	-304.20

Net Assets	81.68	82.12	73.43	72.15	71.08

Capital & Reserves
Share Capital	11.31	11.27	11.14	11.04	11.03
Share Premium Account	2.55	2.49	1.77	1.87	1.86
Other Reserves	1.49	1.46	2.32	2.30	2.51
Retained Earnings	66.28	66.85	58.10	56.85	55.59
Shareholders Funds	81.63	82.07	73.33	72.05	70.98

Minority Interests/Other Equity	0.05	0.05	0.10	0.10	0.10
Total Equity	81.68	82.12	73.43	72.15	71.08

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	14.89	11.02	11.24	8.06	7.86
PEG - Adjusted	-0.49	0.32	1.91	-0.28	1.02
Earnings per Share Growth - Adjusted	-30.12%	34.04%	5.90%	-28.55%	7.74%
Dividend Cover	1.80	5.98	1.53	2.33	3.35
Revenue Per Share	264.84p	282.52p	259.46p	230.54p	246.71p
Pre-Tax Profit per Share	18.78p	30.10p	23.17p	20.88p	28.97p
Operating Margin	6.70%	10.29%	8.53%	7.53%	9.79%
Return on Capital Employed	16.08%	26.10%	23.49%	22.64%	26.96%

Continuing & Discontinued Operations
Dividend Yield	3.72%	1.52%	5.82%	5.33%	3.80%
Dividend per Share Growth	131.58%	-65.70%	61.05%	2.99%	15.97%
Net Asset Value per Share (exc. Intangibles)	103.96p	106.40p	85.08p	80.21p	95.61p
Net Gearing	-51.15%	-55.37%	-48.77%	-47.43%	-43.12%

Data is provided by Morningstar

CHARLES STANLEY - Fundamentals