GED GLOBAL ENERGY DEVELOPMENT PLC ORD 1P

GLOBAL ENERGY Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	27.09	27.71	15.18	13.71	22.49
Operating Profit/(Loss)	2.00	5.37	-0.88	2.53	7.65
Net Interest	0.15	0.76	0.87	0.61	0.62
Profit Before Tax	0.47	3.82	-2.03	1.67	6.81
Profit After Tax	-1.80	1.28	-1.32	0.43	5.00
Discontinued Operations
Profit After Tax	-0.21	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-2.02	1.28	-1.32	0.43	5.00
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	-2.02	1.28	-1.32	0.43	5.00

Continuing EPS
Earnings per Share - Basic	-4.92p	3.86p	-3.83p	1.24p	14.40p
Earnings per Share - Diluted	-4.92p	3.22p	-3.83p	3.09p	13.72p
Earnings per Share - Adjusted	-4.92p	3.86p	-3.83p	1.24p	14.40p
Continuing and Discontinued EPS
Earnings per Share - Basic	-3.69p	3.86p	-3.83p	1.24p	14.40p
Earnings per Share - Diluted	-3.69p	3.22p	-3.83p	3.09p	13.72p
Earnings per Share - Adjusted	-3.69p	3.86p	-3.83p	1.24p	14.40p

Dividend per Share	0.00p	0.00p	0.00p	0.00p	0.00p

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	66.81	64.25	53.26	48.44	56.58
Intangible Assets	0.46	2.21	3.22	3.56	3.67
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	0.85	1.61	12.46	12.43	11.66
	68.12	68.06	68.93	64.43	71.92
Current Assets
Inventories	1.08	1.25	0.99	0.71	0.89
Trade & Other Receivables	7.74	3.84	3.12	2.97	3.60
Cash at Bank & in Hand	3.82	2.79	4.69	1.90	2.55
Current Asset Investments	0.00	0.00	0.94	0.87	1.03
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	12.64	7.88	9.74	6.45	8.07

Total Assets	80.76	75.94	78.67	70.87	79.98

Liabilities
Current Liabilities
Borrowings	-10.66	-9.39	-4.66	-0.11	-0.14
Other Current Liabilities	-8.37	-4.34	-5.15	-2.76	-4.73
	-19.03	-13.73	-9.81	-2.86	-4.87

Net Current Assets	-6.39	-5.85	-0.08	3.59	3.20

Non-Current Liabilities
Borrowings	-0.34	-0.15	-10.84	-10.26	-11.11
Provisions	-11.63	-8.35	-7.04	-7.27	-8.76
Other Non-Current Liabilities	-0.27	-0.62	0.00	0.00	0.00
	-12.23	-9.12	-17.87	-17.52	-19.86

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-31.26	-22.85	-27.68	-20.39	-24.73

Net Assets	49.50	53.09	50.98	50.49	55.25

Capital & Reserves
Share Capital	0.37	0.35	0.35	0.33	0.37
Share Premium Account	16.70	17.46	16.95	16.42	18.13
Other Reserves	129.71	136.27	135.83	131.53	145.85
Retained Earnings	-97.28	-100.99	-102.14	-97.79	-109.10
Shareholders Funds	49.50	53.09	50.98	50.49	55.25

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	49.50	53.09	50.98	50.49	55.25

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	-23.88	27.46	-28.85	53.63	4.69
PEG - Adjusted	0.10	-0.14	0.07	-0.59	0.11
Earnings per Share Growth - Adjusted	-227.48%	-200.76%	-409.78%	-91.41%	44.56%
Dividend Cover	n/a	n/a	n/a	n/a	n/a
Revenue Per Share	75.36p	77.52p	42.83p	38.74p	63.67p
Pre-Tax Profit per Share	1.30p	10.68p	-5.74p	4.71p	19.26p
Operating Margin	2.13%	16.44%	-7.77%	16.39%	32.45%
Return on Capital Employed	0.86%	6.66%	-1.65%	3.52%	10.37%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	135.84p	142.27p	134.79p	132.42p	145.99p
Net Gearing	14.49%	12.71%	21.19%	16.76%	15.74%

Data is provided by Morningstar

GLOBAL ENERGY - Fundamentals