STHR STHREE PLC ORD 1P

STHREE Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	25-Nov-12	27-Nov-11	28-Nov-10	29-Nov-09	30-Nov-08
Continuing Operations
Revenue	577.46	542.45	474.45	519.37	631.52
Operating Profit/(Loss)	25.09	29.96	21.22	8.95	54.85
Net Interest	0.05	0.03	0.02	0.38	0.83
Profit Before Tax	25.27	30.30	21.65	8.93	54.05
Profit After Tax	16.83	20.27	14.28	5.96	37.84
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	16.83	20.27	14.28	5.96	37.84
Attributable to:
Minority Interests	0.00	0.00	-0.07	-1.16	-1.96
Equity Holders of Parent Company	16.83	20.27	14.22	4.80	35.88

Continuing EPS
Earnings per Share - Basic	14.10p	16.80p	11.90p	4.00p	28.80p
Earnings per Share - Diluted	12.60p	15.50p	11.50p	3.90p	28.10p
Earnings per Share - Adjusted	14.10p	16.80p	11.90p	9.50p	29.90p
Continuing and Discontinued EPS
Earnings per Share - Basic	14.10p	16.80p	11.90p	4.00p	28.80p
Earnings per Share - Diluted	12.60p	15.50p	11.50p	3.90p	28.10p
Earnings per Share - Adjusted	14.10p	16.80p	11.90p	9.50p	29.90p

Dividend per Share	14.00p	12.00p	12.00p	12.00p	9.30p

Balance Sheet (£ m)	25-Nov-12	27-Nov-11	28-Nov-10	29-Nov-09	30-Nov-08
Assets
Non-Current Assets
Property, Plant & Equipment	5.90	5.26	5.45	5.40	6.58
Intangible Assets	14.25	8.55	10.16	10.90	12.26
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	4.87	6.40	8.67	5.52	3.15
	25.02	20.21	24.28	21.81	21.98
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	114.65	111.09	97.94	96.54	139.94
Cash at Bank & in Hand	28.29	55.61	51.72	45.27	24.58
Current Asset Investments	0.00	0.00	3.50	3.20	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	142.94	166.70	153.15	145.01	164.52

Total Assets	167.96	186.90	177.43	166.83	186.50

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-103.41	-102.76	-94.16	-79.12	-92.40
	-103.41	-102.76	-94.16	-79.12	-92.40

Net Current Assets	39.53	63.94	58.99	65.89	72.13

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-1.48	-1.68	-1.35	-2.89	-3.54
Other Non-Current Liabilities	-1.14	0.00	0.00	0.00	0.00
	-2.62	-1.68	-1.35	-2.89	-3.54

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-106.03	-104.44	-95.51	-82.01	-95.93

Net Assets	61.92	82.47	81.92	84.82	90.57

Capital & Reserves
Share Capital	1.23	1.23	1.22	1.22	1.22
Share Premium Account	4.14	2.93	2.93	2.93	2.93
Other Reserves	-8.95	-8.09	-0.28	3.46	3.38
Retained Earnings	65.50	86.40	78.06	72.56	78.91
Shareholders Funds	61.92	82.47	81.92	80.17	86.43

Minority Interests/Other Equity	0.00	0.00	0.00	4.65	4.15
Total Equity	61.92	82.47	81.92	84.82	90.57

Ratios - based on IFRS	25-Nov-12	27-Nov-11	28-Nov-10	29-Nov-09	30-Nov-08
Continuing Operations
PE Ratio - Adjusted	21.58	13.07	23.43	26.32	4.28
PEG - Adjusted	-1.34	0.32	0.93	-0.39	0.23
Earnings per Share Growth - Adjusted	-16.07%	41.18%	25.26%	-68.23%	18.65%
Dividend Cover	1.01	1.40	0.99	0.79	3.22
Revenue Per Share	483.23p	449.79p	395.71p	437.55p	506.43p
Pre-Tax Profit per Share	21.14p	25.12p	18.06p	7.52p	43.34p
Operating Margin	4.35%	5.52%	4.47%	1.72%	8.69%
Return on Capital Employed	51.49%	40.11%	29.64%	12.11%	67.05%

Continuing & Discontinued Operations
Dividend Yield	4.60%	5.47%	4.30%	4.80%	7.27%
Dividend per Share Growth	16.67%	0.00%	0.00%	29.03%	93.75%
Net Asset Value per Share (exc. Intangibles)	39.33p	61.69p	58.93p	56.89p	60.93p
Net Gearing	-45.69%	-67.43%	-63.13%	-56.47%	-28.45%

Data is provided by Morningstar

STHREE - Fundamentals