GLIF GLI FINANCE LIMITED ORD NPV

GLI FINANCE Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	14.86	11.42	9.76	0.00	0.03
Operating Profit/(Loss)	-5.11	5.59	12.77	2.04	16.42
Net Interest	2.29	2.36	1.72	0.00	0.00
Profit Before Tax	-7.40	3.23	11.05	2.04	16.42
Profit After Tax	-7.40	3.23	11.05	2.04	16.42
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-7.40	3.23	11.05	2.04	16.42
Attributable to:
Minority Interests	-0.30	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	-7.70	3.23	11.05	2.04	16.42

Continuing EPS
Earnings per Share - Basic	-7.59p	3.30p	12.66p	3.92p	38.18p
Earnings per Share - Diluted	-7.59p	3.30p	12.64p	3.88p	36.62p
Earnings per Share - Adjusted	-7.59p	3.30p	12.66p	3.92p	38.18p
Continuing and Discontinued EPS
Earnings per Share - Basic	-7.59p	3.30p	12.66p	3.92p	38.18p
Earnings per Share - Diluted	-7.59p	3.30p	12.64p	3.88p	36.62p
Earnings per Share - Adjusted	-7.59p	3.30p	12.66p	3.92p	38.18p

Dividend per Share	3.55p	5.00p	4.00p	1.00p	7.50p

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	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	186.21	193.26	161.55	153.26	126.64
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
	186.21	193.26	161.55	153.26	126.64
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	2.12	0.95	0.79	1.70	1.92
Cash at Bank & in Hand	26.97	23.70	36.67	24.25	16.16
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
	29.09	24.65	37.45	25.95	18.08

Total Assets	215.29	217.91	199.00	179.21	144.72

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-2.18	-10.18	-0.64	-0.61	-2.33
	-2.18	-10.18	-0.64	-0.61	-2.33

Net Current Assets	26.90	14.47	36.81	25.35	15.74

Non-Current Liabilities
Borrowings	-142.38	-135.31	-129.21	-117.36	-88.54
Provisions	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	-0.87	0.00	0.00	0.00	0.00
	-143.25	-135.31	-129.21	-117.36	-88.54

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-145.43	-145.49	-129.85	-117.96	-90.87

Net Assets	69.86	72.43	69.15	61.25	53.85

Capital & Reserves
Share Capital	29.44	19.29	0.00	0.00	0.00
Share Premium Account	0.00	0.00	16.09	16.09	5.62
Other Reserves	33.14	33.89	33.21	32.87	37.54
Retained Earnings	6.66	19.25	19.85	12.29	10.69
Shareholders Funds	69.23	72.43	69.15	61.25	53.85

Minority Interests/Other Equity	0.64	0.00	0.00	0.00	0.00
Total Equity	69.86	72.43	69.15	61.25	53.85

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	-6.77	12.95	2.31	6.76	n/a
PEG - Adjusted	0.02	-0.18	0.01	-0.08	n/a
Earnings per Share Growth - Adjusted	-330.00%	-73.93%	222.96%	-89.73%	864.14%
Dividend Cover	-2.14	0.66	3.17	3.92	5.09
Revenue Per Share	14.66p	11.69p	11.18p	0.01p	0.08p
Pre-Tax Profit per Share	-7.30p	3.30p	12.66p	3.92p	38.18p
Operating Margin	65.61%	46.12%	41.24%	325.00%	1663.64%
Return on Capital Employed	-2.41%	2.69%	6.44%	1.14%	11.53%

Continuing & Discontinued Operations
Dividend Yield	6.91%	11.70%	13.68%	3.77%	n/a
Dividend per Share Growth	-29.00%	25.00%	300.00%	-86.67%	-21.05%
Net Asset Value per Share (exc. Intangibles)	58.09p	73.43p	79.21p	70.16p	125.23p
Net Gearing	166.70%	154.09%	133.82%	152.01%	134.41%

Data is provided by Morningstar

GLI FINANCE - Fundamentals