SRE SIRIUS REAL ESTATE LD ORD NPV

SIRIUS R E. Currency EUR

Income Statement (€ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
Revenue	45.75	45.57	44.00	43.74	20.61
Operating Profit/(Loss)	-9.65	15.96	-13.42	-24.36	-1.10
Net Interest	16.59	16.76	16.36	14.23	3.83
Profit Before Tax	-31.11	3.44	-31.73	-51.38	-1.58
Profit After Tax	-31.73	2.73	-30.01	-52.67	-4.44
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-31.73	2.73	-30.01	-52.67	-4.44
Attributable to:
Minority Interests	0.48	-0.21	0.13	0.68	0.46
Equity Holders of Parent Company	-31.25	2.52	-29.89	-51.99	-3.98

Continuing EPS
Earnings per Share - Basic	-10.25c	0.83c	-9.89c	-17.05c	-1.47c
Earnings per Share - Diluted	-10.25c	0.83c	-9.89c	-17.05c	-1.47c
Earnings per Share - Adjusted	0.91c	-0.61c	0.54c	1.60c	3.09c
Continuing and Discontinued EPS
Earnings per Share - Basic	-10.25c	0.83c	-9.89c	-17.05c	-1.47c
Earnings per Share - Diluted	-10.25c	0.83c	-9.89c	-17.05c	-1.47c
Earnings per Share - Adjusted	0.91c	-0.61c	0.54c	1.60c	3.09c

Dividend per Share	0.00c	0.00c	0.00c	1.50c	1.00c

Balance Sheet (€ m)	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Assets
Non-Current Assets
Property, Plant & Equipment	-473.34	-500.82	-495.26	-496.95	-372.71
Intangible Assets	3.74	0.00	0.00	0.00	0.00
Investment Properties	476.78	505.50	500.01	500.40	375.95
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	0.00	2.22	0.00
	483.96	510.18	504.76	506.07	379.19
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	19.38	7.51	12.24	7.72	14.56
Cash at Bank & in Hand	9.15	23.58	33.40	29.65	49.52
Current Asset Investments	0.00	0.17	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00
	28.53	31.25	45.64	37.37	64.09

Total Assets	512.49	541.43	550.41	543.45	443.27

Liabilities
Current Liabilities
Borrowings	-189.33	-7.67	-6.86	-102.45	-24.52
Other Current Liabilities	-34.56	-27.31	-33.29	-33.43	-13.51
	-223.89	-34.98	-40.15	-135.88	-38.03

Net Current Assets	-195.36	-3.73	5.50	-98.51	26.06

Non-Current Liabilities
Borrowings	-105.21	-294.55	-300.93	-167.82	-97.42
Provisions	-2.12	-1.92	-1.63	-2.48	-1.85
Other Non-Current Liabilities	0.00	0.00	-0.45	0.00	0.00
	-107.33	-296.47	-303.01	-170.30	-99.27

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-331.22	-331.45	-343.16	-306.18	-137.29

Net Assets	181.27	209.98	207.25	237.26	305.98

Capital & Reserves
Share Capital	0.00	0.00	0.00	0.00	0.00
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	303.63	300.11	300.11	300.11	311.63
Retained Earnings	-122.40	-91.15	-93.67	-63.78	-7.26
Shareholders Funds	181.23	208.96	206.44	236.33	304.37

Minority Interests/Other Equity	0.04	1.02	0.81	0.93	1.61
Total Equity	181.27	209.98	207.25	237.26	305.98

Ratios - based on IFRS	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09	31-Mar-08
Continuing Operations
PE Ratio - Adjusted	0.25	-0.50	0.44	0.11	0.22
PEG - Adjusted	0.00	0.00	-0.01	0.00	n/a
Earnings per Share Growth - Adjusted	-249.18%	-212.96%	-66.25%	-48.22%	n/a
Dividend Cover	n/a	n/a	n/a	1.07	3.09
Revenue Per Share	15.01c	15.08c	14.56c	14.35c	7.62c
Pre-Tax Profit per Share	-10.21c	1.14c	-10.50c	-16.86c	-0.58c
Operating Margin	-32.05%	44.06%	-35.14%	-88.85%	-7.49%
Return on Capital Employed	-3.06%	3.93%	-2.98%	-7.28%	0.52%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	0.00%	821.92%	149.25%
Dividend per Share Growth	n/a	n/a	-100.00%	50.00%	n/a
Net Asset Value per Share (exc. Intangibles)	55.90c	69.14c	68.31c	78.20c	95.20c
Net Gearing	157.48%	133.34%	132.91%	101.81%	23.79%

Data is provided by Morningstar

SRE SIRIUS REAL ESTATE LD ORD NPV

SIRIUS R E. - Fundamentals