CLIG CITY OF LONDON INVESTMENT GROUP PLC ORD 1P

CITY LON INV Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-May-12	31-May-11	31-May-10	31-May-09	31-May-08
Continuing Operations
Revenue	34.14	36.49	29.97	20.15	24.88
Operating Profit/(Loss)	11.03	12.95	10.29	5.68	9.83
Net Interest	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	11.46	13.15	10.38	5.38	10.70
Profit After Tax	8.50	8.77	6.98	3.85	7.14
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	8.50	8.77	6.98	3.85	7.14
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	8.50	8.77	6.98	3.85	7.14

Continuing EPS
Earnings per Share - Basic	33.80p	35.10p	28.50p	16.10p	29.30p
Earnings per Share - Diluted	32.80p	34.00p	26.90p	15.00p	26.00p
Earnings per Share - Adjusted	33.80p	35.10p	28.50p	16.10p	29.30p
Continuing and Discontinued EPS
Earnings per Share - Basic	33.80p	35.10p	28.50p	16.10p	29.30p
Earnings per Share - Diluted	32.80p	34.00p	26.90p	15.00p	26.00p
Earnings per Share - Adjusted	33.80p	35.10p	28.50p	16.10p	29.30p

Dividend per Share	24.00p	23.00p	17.00p	18.50p	13.00p

Balance Sheet (£ m)	31-May-12	31-May-11	31-May-10	31-May-09	31-May-08
Assets
Non-Current Assets
Property, Plant & Equipment	0.61	0.54	0.69	0.80	0.30
Intangible Assets	0.35	0.36	0.41	0.00	0.00
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.03	0.07	0.08	0.06	0.05
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.93	1.38	1.50	1.61	3.21
	1.92	2.36	2.68	2.47	3.56
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	5.35	5.58	4.37	3.48	3.57
Cash at Bank & in Hand	5.40	6.11	4.77	4.72	5.50
Current Asset Investments	0.00	0.00	0.00	0.00	0.03
Other Current Assets	6.93	5.81	3.60	0.43	1.86
	17.67	17.49	12.74	8.63	10.96

Total Assets	19.59	19.85	15.41	11.09	14.52

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-4.30	-5.35	-4.70	-2.35	-4.56
	-4.30	-5.35	-4.70	-2.35	-4.56

Net Current Assets	13.37	12.14	8.04	6.28	6.41

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	0.00	-0.24	-0.11	-0.00	-0.19
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00
	0.00	-0.24	-0.11	-0.00	-0.19

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-4.30	-5.59	-4.81	-2.35	-4.75

Net Assets	15.29	14.26	10.61	8.74	9.77

Capital & Reserves
Share Capital	0.27	0.27	0.26	0.26	0.25
Share Premium Account	1.98	1.98	1.64	1.52	1.36
Other Reserves	-3.34	-1.87	-1.06	-0.85	1.12
Retained Earnings	16.38	13.89	9.77	7.81	7.04
Shareholders Funds	15.29	14.26	10.61	8.74	9.77

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	15.29	14.26	10.61	8.74	9.77

Ratios - based on IFRS	31-May-12	31-May-11	31-May-10	31-May-09	31-May-08
Continuing Operations
PE Ratio - Adjusted	10.36	12.39	9.86	14.19	11.43
PEG - Adjusted	-2.80	0.53	0.13	-0.31	0.25
Earnings per Share Growth - Adjusted	-3.70%	23.16%	77.02%	-45.05%	46.50%
Dividend Cover	1.41	1.53	1.68	0.87	2.25
Revenue Per Share	135.64p	145.99p	122.37p	84.51p	102.22p
Pre-Tax Profit per Share	45.54p	52.60p	42.38p	22.58p	43.94p
Operating Margin	32.32%	35.48%	34.33%	28.20%	39.50%
Return on Capital Employed	76.74%	93.06%	100.73%	61.58%	107.34%

Continuing & Discontinued Operations
Dividend Yield	6.86%	5.29%	6.05%	8.10%	3.88%
Dividend per Share Growth	4.35%	35.29%	-8.11%	42.31%	333.33%
Net Asset Value per Share (exc. Intangibles)	55.57p	51.74p	39.27p	33.65p	38.53p
Net Gearing	-35.32%	-42.81%	-45.00%	-53.98%	-56.28%

Data is provided by Morningstar

CITY LON INV - Fundamentals