HL. HARGREAVES LANSDOWN PLC ORD 0.4P

HARGREAVES LANS Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
Revenue	238.74	207.90	158.97	132.85	120.33
Operating Profit/(Loss)	150.61	124.45	85.38	69.81	57.78
Net Interest	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	152.84	126.01	86.30	73.08	60.95
Profit After Tax	113.32	91.95	61.28	52.11	42.39
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	113.32	91.95	61.28	52.11	42.39
Attributable to:
Minority Interests	-0.36	-0.13	-0.01	0.01	0.01
Equity Holders of Parent Company	112.96	91.82	61.27	52.12	42.40

Continuing EPS
Earnings per Share - Basic	24.20p	19.80p	13.20p	11.20p	9.10p
Earnings per Share - Diluted	24.10p	19.60p	13.10p	11.10p	9.00p
Earnings per Share - Adjusted	24.20p	19.80p	14.00p	11.30p	9.10p
Continuing and Discontinued EPS
Earnings per Share - Basic	24.20p	19.80p	13.20p	11.20p	9.10p
Earnings per Share - Diluted	24.10p	19.60p	13.10p	11.10p	9.00p
Earnings per Share - Adjusted	24.20p	19.80p	14.00p	11.30p	9.10p

Dividend per Share	13.51p	5.08p	12.23p	5.49p	3.07p

Balance Sheet (£ m)	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Assets
Non-Current Assets
Property, Plant & Equipment	5.79	6.98	7.45	1.79	2.14
Intangible Assets	1.50	1.63	1.54	1.57	1.62
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	2.94	8.12	2.94	1.83	3.35
	10.23	16.73	11.93	5.19	7.12
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	142.62	176.19	104.21	75.44	76.63
Cash at Bank & in Hand	157.72	121.95	71.25	87.42	68.24
Current Asset Investments	2.23	2.24	2.32	2.38	1.14
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	302.57	300.38	177.77	165.24	146.01

Total Assets	312.80	317.11	189.70	170.42	153.13

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-155.11	-186.18	-122.75	-84.99	-82.37
	-155.11	-186.18	-122.75	-84.99	-82.37

Net Current Assets	147.46	114.20	55.02	80.25	63.64

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-0.28	-0.06	-0.90	-0.78	-0.44
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00
	-0.28	-0.06	-0.90	-0.78	-0.44

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-155.38	-186.24	-123.65	-85.77	-82.82

Net Assets	157.42	130.87	66.05	84.65	70.31

Capital & Reserves
Share Capital	1.90	1.90	1.90	1.90	1.90
Share Premium Account	0.01	0.01	0.01	0.01	0.01
Other Reserves	-3.84	-6.09	-4.24	7.67	9.21
Retained Earnings	158.93	134.99	68.45	75.15	59.26
Shareholders Funds	156.99	130.80	66.11	84.72	70.37

Minority Interests/Other Equity	0.43	0.07	-0.06	-0.07	-0.06
Total Equity	157.42	130.87	66.05	84.65	70.31

Ratios - based on IFRS	30-Jun-12	30-Jun-11	30-Jun-10	30-Jun-09	30-Jun-08
Continuing Operations
PE Ratio - Adjusted	21.88	30.68	24.17	18.12	16.26
PEG - Adjusted	0.98	0.74	1.01	0.75	0.41
Earnings per Share Growth - Adjusted	22.22%	41.43%	23.89%	24.18%	40.00%
Dividend Cover	1.79	3.90	1.14	2.06	2.97
Revenue Per Share	51.11p	44.88p	34.23p	28.49p	25.93p
Pre-Tax Profit per Share	32.72p	27.20p	18.58p	15.67p	13.13p
Operating Margin	63.09%	59.89%	53.75%	52.55%	48.06%
Return on Capital Employed	97.85%	97.46%	131.94%	87.14%	88.16%

Continuing & Discontinued Operations
Dividend Yield	2.55%	0.84%	3.61%	2.68%	2.07%
Dividend per Share Growth	165.94%	-58.46%	122.95%	78.96%	2.17%
Net Asset Value per Share (exc. Intangibles)	32.78p	27.23p	13.61p	17.53p	14.49p
Net Gearing	-100.46%	-93.23%	-107.76%	-103.18%	-96.97%

Data is provided by Morningstar

HARGREAVES LANS - Fundamentals