HCP HOTEL CORPORATION (THE) PLC ORD 5P

HOTEL CORP Currency GBX

Income Statement (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
Revenue	31.37	30.33	16.12	1.99	2.62
Operating Profit/(Loss)	-217.74	20.09	-8.25	1.77	2.39
Net Interest	24.70	22.67	14.65	0.00	0.00
Profit Before Tax	-267.99	-10.62	-23.18	-19.74	-12.65
Profit After Tax	-239.07	-5.82	-12.38	-19.74	-12.65
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-239.07	-5.82	-12.38	-19.74	-12.65
Attributable to:
Minority Interests	121.02	4.21	8.92	0.00	0.00
Equity Holders of Parent Company	-118.05	-1.61	-3.46	-19.74	-12.65

Continuing EPS
Earnings per Share - Basic	-237.00p	-3.22p	-8.15p	-57.00p	-36.50p
Earnings per Share - Diluted	-252.58p	-3.22p	-8.15p	-57.00p	-36.50p
Earnings per Share - Adjusted	-237.00p	-3.22p	-8.15p	-57.00p	-36.50p
Continuing and Discontinued EPS
Earnings per Share - Basic	-237.00p	-3.22p	-8.15p	-57.00p	-36.50p
Earnings per Share - Diluted	-252.58p	-3.22p	-8.15p	-57.00p	-36.50p
Earnings per Share - Adjusted	-237.00p	-3.22p	-8.15p	-57.00p	-36.50p

Dividend per Share	4.60p	4.40p	4.40p	7.20p	7.20p

Balance Sheet (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Assets
Non-Current Assets
Property, Plant & Equipment	-213.50	-458.32	-463.17	0.00	0.00
Intangible Assets	0.00	28.38	28.38	0.00	0.00
Investment Properties	213.50	458.32	463.17	0.00	0.00
Investments	0.00	0.00	0.00	61.22	82.82
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.00	0.00	0.00	0.00	0.00
	213.50	486.70	491.55	61.22	82.82
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	2.28	0.32	1.50	0.01	0.01
Cash at Bank & in Hand	9.47	11.59	10.40	1.70	2.33
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
	11.76	11.90	11.90	1.71	2.34

Total Assets	225.26	498.61	503.46	62.93	85.17

Liabilities
Current Liabilities
Borrowings	-332.21	0.00	0.00	0.00	0.00
Other Current Liabilities	-19.33	-18.57	-16.27	-0.03	-0.03
	-351.54	-18.57	-16.27	-0.03	-0.03

Net Current Assets	-339.79	-6.67	-4.36	1.68	2.31

Non-Current Liabilities
Borrowings	-16.60	-348.68	-348.55	0.00	0.00
Provisions	0.00	-28.92	-33.72	0.00	0.00
Other Non-Current Liabilities	-26.01	-29.97	-24.45	0.00	0.00
	-42.61	-407.57	-406.72	0.00	0.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-394.15	-426.14	-422.98	-0.03	-0.03

Net Assets	-168.90	72.47	80.47	62.90	85.14

Capital & Reserves
Share Capital	2.49	2.49	2.49	1.73	1.73
Share Premium Account	11.02	11.02	11.02	0.00	33.30
Other Reserves	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-68.23	52.11	55.91	61.17	50.11
Shareholders Funds	-54.72	65.62	69.42	62.90	85.14

Minority Interests/Other Equity	-114.18	6.85	11.06	0.00	0.00
Total Equity	-168.90	72.47	80.47	62.90	85.14

Ratios - based on IFRS	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
PE Ratio - Adjusted	-0.02	-26.09	-12.58	-2.59	-6.71
PEG - Adjusted	0.00	0.43	0.15	-0.05	n/a
Earnings per Share Growth - Adjusted	7260.25%	-60.49%	-85.70%	56.16%	n/a
Dividend Cover	-51.52	-0.73	-1.85	-7.92	-5.07
Revenue Per Share	62.97p	60.87p	37.97p	5.74p	7.55p
Pre-Tax Profit per Share	-537.93p	-21.31p	-54.61p	-57.03p	-36.55p
Operating Margin	-775.63%	39.62%	-60.07%	89.17%	91.36%
Return on Capital Employed	-135.23%	2.86%	-1.96%	-31.39%	-14.86%

Continuing & Discontinued Operations
Dividend Yield	83.64%	5.24%	4.29%	4.88%	2.94%
Dividend per Share Growth	4.55%	0.00%	-38.89%	0.00%	n/a
Net Asset Value per Share (exc. Intangibles)	-109.84p	74.75p	82.37p	181.70p	245.93p
Net Gearing	-620.11%	513.70%	487.11%	-2.70%	-2.74%

Data is provided by Morningstar

HOTEL CORP - Fundamentals