VIN VALUE AND INCOME TRUST PLC ORD 10P

VALUE AND INC Currency GBX Premium Equity Closed Ended Investment Funds

Income Statement (£ m)	31-Mar-13	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	3.91	3.64	3.15	3.80	3.72
Discontinued Operations
Profit After Tax	n/a	n/a	n/a	n/a	n/a
PROFIT FOR THE PERIOD	3.91	3.64	3.15	3.80	3.72
Attributable to:
Minority Interests	n/a	n/a	n/a	n/a	n/a
Equity Holders of Parent Company	3.91	3.64	3.15	3.80	3.72

Continuing EPS
Earnings per Share - Basic	8.58p	7.99p	6.92p	8.34p	8.17p
Earnings per Share - Diluted	8.58p	7.99p	6.92p	8.34p	8.17p
Earnings per Share - Adjusted	8.58p	7.99p	6.92p	8.34p	8.17p
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	8.15p	7.90p	7.60p	7.50p	7.50p

Balance Sheet (£ m)	31-Mar-13	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	123.82	101.20	99.43	88.64	62.30
Other Financial Assets	n/a	n/a	n/a	n/a	n/a
Other Non-Current Assets	46.23	48.25	49.83	48.75	44.85
	170.04	149.45	149.26	137.39	107.15
Current Assets
Inventories	n/a	n/a	n/a	n/a	n/a
Trade & Other Receivables	0.69	0.28	0.30	0.33	1.61
Cash at Bank & in Hand	2.14	3.73	2.34	5.67	4.90
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
	2.83	4.00	2.64	6.00	6.51

Total Assets	172.87	153.45	151.90	143.38	113.66

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
	1.701	2.114	2.493	1.629	2.189

Net Current Assets	1.13	1.89	0.15	4.37	4.32

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
	35.33	35.74	35.94	36.19	36.06

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	37.03	37.85	38.44	37.82	38.25

Net Assets	135.84	115.60	113.46	105.57	75.41

Capital & Reserves
Share Capital	135.84	115.60	113.46	105.57	75.41
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	135.84	115.60	113.46	105.57	75.41

Minority Interests/Other Equity	n/a	n/a	n/a	n/a	n/a
Total Equity	135.84	115.60	113.46	105.57	75.41

Ratios - based on IFRS	31-Mar-13	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09
Continuing Operations
PE Ratio - Adjusted	24.83	22.72	26.88	20.26	10.83
PEG - Adjusted	3.36	1.47	-1.58	9.74	3.05
Earnings per Share Growth - Adjusted	7.38%	15.46%	-17.03%	2.08%	3.55%
Dividend Cover	1.05	1.01	0.91	1.11	1.09
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	3.83%	4.35%	4.09%	4.44%	8.47%
Dividend per Share Growth	3.16%	3.95%	1.33%	0.00%	4.17%
Net Asset Value per Share (exc. Intangibles)	298.23p	253.78p	249.10p	231.76p	165.55p
Net Gearing	n/a	n/a	n/a	n/a	n/a

Data is provided by Morningstar

VALUE AND INC - Fundamentals