RCP RIT CAPITAL PARTNERS PLC ORD #1

RIT CAPITAL Currency GBX Premium Equity Closed Ended Investment Funds

Income Statement (£ m)	31-Dec-12	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-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	-19.20	11.70	5.40	66.80	5.50
Discontinued Operations
Profit After Tax	n/a	n/a	n/a	n/a	n/a
PROFIT FOR THE PERIOD	-19.20	11.70	5.40	66.80	5.50
Attributable to:
Minority Interests	n/a	n/a	n/a	n/a	n/a
Equity Holders of Parent Company	-19.20	11.70	5.40	66.80	5.50

Continuing EPS
Earnings per Share - Basic	-12.40p	7.60p	3.50p	43.30p	3.60p
Earnings per Share - Diluted	-12.40p	7.60p	3.50p	43.30p	3.60p
Earnings per Share - Adjusted	-12.40p	7.60p	3.50p	43.30p	3.60p
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	28.00p	4.00p	4.00p	7.50p	4.00p

Balance Sheet (£ m)	31-Dec-12	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-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	1847.50	2064.50	2175.20	1997.80	1621.70
Other Financial Assets	n/a	n/a	n/a	n/a	n/a
Other Non-Current Assets	0.20	0.30	4.00	1.10	0.70
	1847.70	2064.80	2179.20	1998.90	1622.40
Current Assets
Inventories	n/a	n/a	n/a	n/a	n/a
Trade & Other Receivables	95.70	42.80	32.90	28.40	35.10
Cash at Bank & in Hand	66.40	75.10	65.60	115.30	98.50
Current Asset Investments	25.00	27.20	12.60	33.50	11.30
Other Current Assets	n/a	n/a	n/a	n/a	n/a
	187.10	145.10	111.10	177.20	144.90

Total Assets	2034.80	2209.90	2290.30	2176.10	1767.30

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
	179.800	277.800	294.700	213.700	26.300

Net Current Assets	7.30	-132.70	-183.60	-36.50	118.60

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
	7.80	12.10	11.60	146.70	390.50

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	187.60	289.90	306.30	360.40	416.80

Net Assets	1847.20	1920.00	1984.00	1815.70	1350.50

Capital & Reserves
Share Capital	1847.20	1920.00	1984.00	1815.70	1350.50
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	1847.20	1920.00	1984.00	1815.70	1350.50

Minority Interests/Other Equity	n/a	n/a	n/a	n/a	n/a
Total Equity	1847.20	1920.00	1984.00	1815.70	1350.50

Ratios - based on IFRS	31-Dec-12	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09
Continuing Operations
PE Ratio - Adjusted	-91.21	160.53	373.43	24.99	230.83
PEG - Adjusted	0.35	1.37	-4.06	0.02	-2.51
Earnings per Share Growth - Adjusted	-263.16%	117.14%	-91.92%	1102.78%	-91.86%
Dividend Cover	-0.44	1.90	0.88	5.77	0.90
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	2.48%	0.33%	0.31%	0.69%	0.48%
Dividend per Share Growth	600.00%	0.00%	-46.67%	87.50%	29.03%
Net Asset Value per Share (exc. Intangibles)	1188.81p	1247.84p	1289.43p	1180.05p	874.30p
Net Gearing	n/a	n/a	n/a	n/a	n/a

Data is provided by Morningstar

RIT CAPITAL - Fundamentals