JLIF JOHN LAING INFRASTRUCTURE FUND LIMITED ORD 0.01P

JOHN LAING INF Currency GBX Premium Equity Closed Ended Investment Funds

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10
Continuing Operations
Revenue	48.19	18.22	1.43
Operating Profit/(Loss)	-9.79	-7.36	-2.62
Net Interest	39.84	13.79	1.01
Profit Before Tax	1.11	35.02	4.17
Profit After Tax	7.21	30.04	3.83
Discontinued Operations
Profit After Tax	0.00	0.00	0.00
PROFIT FOR THE PERIOD	7.21	30.04	3.83
Attributable to:
Minority Interests	-0.02	-0.01	0.00
Equity Holders of Parent Company	7.19	30.04	3.83

Continuing EPS
Earnings per Share - Basic	1.57p	9.64p	1.42p
Earnings per Share - Diluted	1.57p	9.64p	1.42p
Earnings per Share - Adjusted	1.57p	9.64p	1.42p
Continuing and Discontinued EPS
Earnings per Share - Basic	1.57p	9.64p	1.42p
Earnings per Share - Diluted	1.57p	9.64p	1.42p
Earnings per Share - Adjusted	1.57p	9.64p	1.42p

Dividend per Share	6.00p	3.50p	0.00p

Balance Sheet (£ m)	31-Dec-12	31-Dec-11	31-Dec-10
Assets
Non-Current Assets
Property, Plant & Equipment	1.01	1.19	0.00
Intangible Assets	189.98	115.11	53.49
Investment Properties	0.00	0.00	0.00
Investments	1327.30	913.41	0.00
Other Financial Assets	4.02	0.00	208.91
Other Non-Current Assets	0.00	0.00	199.40
	1522.31	1029.72	461.80
Current Assets
Inventories	0.00	0.00	0.00
Trade & Other Receivables	32.85	9.24	6.13
Cash at Bank & in Hand	44.27	76.75	14.74
Current Asset Investments	52.09	44.84	5.57
Other Current Assets	0.00	0.00	4.55
	129.20	130.82	30.99

Total Assets	1651.52	1160.53	492.79

Liabilities
Current Liabilities
Borrowings	-10.92	-13.48	-11.88
Other Current Liabilities	-82.93	-61.02	-25.82
	-93.84	-74.50	-37.70

Net Current Assets	35.36	56.32	-6.71

Non-Current Liabilities
Borrowings	-811.87	-546.21	-155.50
Provisions	-34.44	-33.13	-11.69
Other Non-Current Liabilities	-188.96	-60.17	-17.17
	-1035.26	-639.51	-184.35

Other Liabilities	n/a	n/a	n/a
Total Liabilities	-1129.11	-714.01	-222.05

Net Assets	522.41	446.53	270.74

Capital & Reserves
Share Capital	0.05	0.04	0.03
Share Premium Account	518.22	423.62	266.88
Other Reserves	-0.44	-1.28	-0.00
Retained Earnings	4.58	23.62	3.83
Shareholders Funds	522.41	446.00	270.74

Minority Interests/Other Equity	0.00	0.53	0.00
Total Equity	522.41	446.53	270.74

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10
Continuing Operations
PE Ratio - Adjusted	68.73	11.26	75.00
PEG - Adjusted	-0.82	0.02	n/a
Earnings per Share Growth - Adjusted	-83.71%	578.87%	n/a
Dividend Cover	0.26	2.75	n/a
Revenue Per Share	10.52p	5.85p	0.53p
Pre-Tax Profit per Share	0.24p	11.23p	1.54p
Operating Margin	31.38%	186.16%	192.02%
Return on Capital Employed	3.44%	5.28%	1.31%

Continuing & Discontinued Operations
Dividend Yield	5.56%	3.23%	0.00%
Dividend per Share Growth	71.43%	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	64.79p	78.37p	80.46p
Net Gearing	149.02%	108.28%	56.38%

Data is provided by Morningstar

JOHN LAING INF - Fundamentals