GRG GREGGS PLC ORD 2P

GREGGS Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	29-Dec-12	31-Dec-11	01-Jan-11	02-Jan-10	27-Dec-08
Continuing Operations
Revenue	734.50	701.09	662.33	658.19	628.20
Operating Profit/(Loss)	53.29	60.43	52.37	48.43	48.61
Net Interest	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	53.34	60.50	52.52	48.78	49.47
Profit After Tax	40.57	44.50	37.93	34.37	34.10
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	40.57	44.50	37.93	34.37	34.10
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	40.57	44.50	37.93	34.37	34.10

Continuing EPS
Earnings per Share - Basic	40.70p	45.00p	37.80p	34.10p	336.70p
Earnings per Share - Diluted	40.10p	44.30p	37.30p	34.00p	335.40p
Earnings per Share - Adjusted	39.60p	39.50p	37.80p	34.10p	307.30p
Continuing and Discontinued EPS
Earnings per Share - Basic	40.70p	45.00p	37.80p	34.10p	336.70p
Earnings per Share - Diluted	40.10p	44.30p	37.30p	34.00p	335.40p
Earnings per Share - Adjusted	39.60p	39.50p	37.80p	34.10p	307.30p

Dividend per Share	19.50p	18.50p	16.90p	15.20p	143.00p

Balance Sheet (£ m)	29-Dec-12	31-Dec-11	01-Jan-11	02-Jan-10	27-Dec-08
Assets
Non-Current Assets
Property, Plant & Equipment	264.26	253.26	218.31	211.16	196.56
Intangible Assets	0.14	0.29	0.43	0.58	0.69
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	0.00	0.00	7.84	0.00	13.89
	264.40	253.55	226.58	211.73	211.14
Current Assets
Inventories	17.66	14.27	11.88	11.89	12.15
Trade & Other Receivables	26.92	21.17	22.31	21.21	22.70
Cash at Bank & in Hand	19.38	19.51	20.79	34.62	4.43
Current Asset Investments	0.00	0.50	3.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	63.96	55.45	57.98	67.71	39.28

Total Assets	328.36	309.00	284.57	279.45	250.42

Liabilities
Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	-2.38
Other Current Liabilities	-79.42	-80.89	-77.55	-81.45	-71.57
	-79.42	-80.89	-77.55	-81.45	-73.94

Net Current Assets	-15.46	-25.45	-19.56	-13.74	-34.66

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	-10.59	-12.89	-13.59	-12.59	-14.58
Other Non-Current Liabilities	-11.56	-16.84	-17.20	-21.16	-13.95
	-22.15	-29.72	-30.79	-33.76	-28.54

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-101.57	-110.62	-108.34	-115.21	-102.48

Net Assets	226.79	198.38	176.23	164.24	147.95

Capital & Reserves
Share Capital	2.02	2.02	2.02	2.08	2.08
Share Premium Account	13.53	13.53	13.53	13.53	13.53
Other Reserves	0.42	0.42	0.42	0.36	0.36
Retained Earnings	210.82	182.41	160.26	148.27	131.98
Shareholders Funds	226.79	198.38	176.23	164.24	147.95

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	226.79	198.38	176.23	164.24	147.95

Ratios - based on IFRS	29-Dec-12	31-Dec-11	01-Jan-11	02-Jan-10	27-Dec-08
Continuing Operations
PE Ratio - Adjusted	11.51	12.81	12.30	12.76	11.40
PEG - Adjusted	46.04	2.85	1.13	-0.14	-2.48
Earnings per Share Growth - Adjusted	0.25%	4.50%	10.85%	-88.90%	-4.59%
Dividend Cover	2.03	2.14	2.24	2.24	2.15
Revenue Per Share	737.69p	708.44p	660.50p	652.83p	6204.42p
Pre-Tax Profit per Share	53.57p	61.13p	52.38p	48.38p	488.59p
Operating Margin	7.26%	8.62%	7.91%	7.38%	7.81%
Return on Capital Employed	22.11%	27.52%	26.51%	25.87%	29.11%

Continuing & Discontinued Operations
Dividend Yield	4.28%	3.66%	3.63%	3.49%	4.08%
Dividend per Share Growth	5.41%	9.47%	11.18%	-89.37%	15.32%
Net Asset Value per Share (exc. Intangibles)	224.06p	195.83p	173.79p	157.38p	1416.11p
Net Gearing	-8.55%	-9.83%	-11.80%	-21.08%	-1.39%

Data is provided by Morningstar

GREGGS - Fundamentals