ADM ADMIRAL GROUP PLC ORD 0.1P

ADMIRAL GRP Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
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	344.60	299.10	265.50	215.80	202.50
Profit After Tax	258.40	221.30	193.60	156.90	144.90
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	258.40	221.30	193.60	156.90	144.90
Attributable to:
Minority Interests	0.00	-0.10	0.20	0.00	0.00
Equity Holders of Parent Company	258.40	221.20	193.80	156.90	144.90

Continuing EPS
Earnings per Share - Basic	95.10p	81.90p	72.30p	59.00p	54.90p
Earnings per Share - Diluted	94.90p	81.70p	72.20p	59.00p	54.90p
Earnings per Share - Adjusted	95.10p	81.90p	72.30p	59.00p	54.90p
Continuing and Discontinued EPS
Earnings per Share - Basic	95.10p	81.90p	72.30p	59.00p	54.90p
Earnings per Share - Diluted	94.90p	81.70p	72.20p	59.00p	54.90p
Earnings per Share - Adjusted	95.10p	81.90p	72.30p	59.00p	54.90p

Dividend per Share	38.70p	36.70p	28.80p	25.20p	23.90p

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	16.50	17.60	13.60	12.10	11.00
Intangible Assets	92.50	87.50	82.90	77.00	75.70
Investment Properties	n/a	n/a	n/a	n/a	n/a
Investments	2005.10	1583.00	1004.70	630.90	586.90
Other Financial Assets	n/a	n/a	n/a	n/a	n/a
Other Non-Current Assets	n/a	n/a	n/a	n/a	n/a
	2114.10	1688.10	1101.20	720.00	673.60
Current Assets
Inventories	n/a	n/a	n/a	n/a	n/a
Trade & Other Receivables	873.50	702.20	418.80	245.60	196.10
Cash at Bank & in Hand	216.60	224.60	246.70	211.80	144.30
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
	1090.10	926.80	665.50	457.40	340.40

Total Assets	3204.20	2614.90	1766.70	1177.40	1014.00

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
	1046.600	886.800	609.200	343.300	298.700

Net Current Assets	43.50	40.00	56.30	114.10	41.70

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	1696.90	1333.70	806.60	532.90	439.60
	1696.90	1333.70	806.80	533.30	439.80

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	2743.50	2220.50	1416.00	876.60	738.50

Net Assets	460.70	394.40	350.70	300.80	275.50

Capital & Reserves
Share Capital	460.70	394.40	350.70	300.80	275.50
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	460.70	394.40	350.70	300.80	275.50

Minority Interests/Other Equity	n/a	n/a	n/a	n/a	n/a
Total Equity	460.70	394.40	350.70	300.80	275.50

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	12.20	10.40	20.95	20.15	16.58
PEG - Adjusted	0.76	0.78	0.93	2.70	1.28
Earnings per Share Growth - Adjusted	16.12%	13.28%	22.54%	7.47%	12.96%
Dividend Cover	2.46	2.23	2.51	2.34	2.30
Revenue Per Share	n/a	n/a	n/a	n/a	n/a
Pre-Tax Profit per Share	126.82p	110.82p	99.13p	81.22p	76.76p
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	3.34%	4.31%	1.90%	2.12%	2.63%
Dividend per Share Growth	5.45%	27.43%	14.29%	5.44%	20.10%
Net Asset Value per Share (exc. Intangibles)	134.61p	113.34p	99.71p	83.98p	75.53p
Net Gearing	n/a	n/a	n/a	n/a	n/a

Data is provided by Morningstar

ADMIRAL GRP - Fundamentals