PER PERFORM GROUP PLC ORD 2 7/9P

PERFORM 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	151.61	103.19	67.43	48.35	28.26
Operating Profit/(Loss)	19.51	3.75	7.43	5.90	0.65
Net Interest	0.61	0.91	0.12	0.06	0.11
Profit Before Tax	16.92	3.49	7.35	11.25	-3.68
Profit After Tax	13.50	3.72	9.45	11.89	0.96
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	13.50	3.72	9.45	11.89	0.96
Attributable to:
Minority Interests	-0.66	-0.59	-0.40	-0.08	0.00
Equity Holders of Parent Company	12.84	3.13	9.05	11.81	0.96

Continuing EPS
Earnings per Share - Basic	5.50p	1.40p	4.02p	5.24p	0.43p
Earnings per Share - Diluted	5.40p	1.40p	4.02p	5.24p	0.43p
Earnings per Share - Adjusted	11.20p	6.30p	4.02p	5.24p	0.43p
Continuing and Discontinued EPS
Earnings per Share - Basic	5.50p	1.40p	4.02p	5.24p	0.43p
Earnings per Share - Diluted	5.40p	1.40p	4.02p	5.24p	0.43p
Earnings per Share - Adjusted	11.20p	6.30p	4.02p	5.24p	0.43p

Dividend per Share	0.00p	0.00p	0.00p	0.00p	0.00p

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	7.76	6.33	4.56	2.45	1.19
Intangible Assets	208.70	74.51	41.31	40.14	38.48
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	-1.03	-0.81
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.00	5.52	7.84	5.40	4.65
	216.46	86.35	53.71	46.96	43.51
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	50.34	24.27	13.84	10.13	7.32
Cash at Bank & in Hand	33.61	75.86	16.94	10.43	4.41
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
	83.95	100.13	30.78	20.56	11.73

Total Assets	300.40	186.48	84.48	67.51	55.24

Liabilities
Current Liabilities
Borrowings	-5.53	-5.53	-0.32	-0.43	0.00
Other Current Liabilities	-93.16	-37.43	-20.66	-12.98	-8.96
	-98.70	-42.96	-20.98	-13.41	-8.96

Net Current Assets	-14.75	57.17	9.80	7.15	2.77

Non-Current Liabilities
Borrowings	-1.39	-7.12	-0.21	-0.29	-44.18
Provisions	-4.37	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	-25.44	-8.44	0.00	0.00	0.00
	-31.20	-15.56	-0.21	-0.29	-44.18

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-129.90	-58.52	-21.19	-13.70	-53.15

Net Assets	170.51	127.96	63.30	53.81	2.09

Capital & Reserves
Share Capital	6.64	6.26	43.24	43.24	4.31
Share Premium Account	68.32	68.32	0.00	0.00	0.00
Other Reserves	59.77	33.63	0.16	0.06	0.00
Retained Earnings	34.29	19.60	18.72	9.74	-2.22
Shareholders Funds	169.02	127.81	62.12	53.04	2.09

Minority Interests/Other Equity	1.49	0.15	1.17	0.77	0.00
Total Equity	170.51	127.96	63.30	53.81	2.09

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	35.27	33.02	n/a	n/a	n/a
PEG - Adjusted	0.45	0.58	n/a	n/a	n/a
Earnings per Share Growth - Adjusted	77.78%	56.91%	-23.36%	1126.93%	n/a
Dividend Cover	n/a	n/a	n/a	n/a	n/a
Revenue Per Share	65.00p	47.26p	29.91p	21.45p	12.53p
Pre-Tax Profit per Share	7.25p	1.60p	3.26p	4.99p	-1.63p
Operating Margin	11.21%	3.45%	11.02%	23.35%	-12.99%
Return on Capital Employed	-65.15%	6.65%	33.20%	78.59%	-45.74%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	n/a	n/a	n/a
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	-16.61p	23.64p	9.23p	5.72p	-16.14p
Net Gearing	-15.79%	-49.46%	-26.41%	-18.29%	1902.06%

Data is provided by Morningstar

PERFORM - Fundamentals