AJG ATLANTIS JAPAN GROWTH FUND LD ORD NPV

ATLANTIS JAPAN Currency GBX Premium Equity Closed Ended Investment Funds

Income Statement (£ m)	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Continuing Operations
Revenue	n/a	n/a	n/a	n/a	n/a
Operating Profit/(Loss)	n/a	n/a	n/a	n/a	n/a
Net Interest	n/a	n/a	n/a	n/a	n/a
Profit Before Tax	n/a	n/a	n/a	n/a	n/a
Profit After Tax	0.44	-0.73	-0.30	1.06	0.07
Discontinued Operations
Profit After Tax	n/a	n/a	n/a	n/a	n/a
PROFIT FOR THE PERIOD	0.44	-0.73	-0.30	1.06	0.07
Attributable to:
Minority Interests	n/a	n/a	n/a	n/a	n/a
Equity Holders of Parent Company	0.44	-0.73	-0.30	1.06	0.07

Continuing EPS
Earnings per Share - Basic	0.37p	-0.36p	-1.44p	5.20p	0.30p
Earnings per Share - Diluted	0.37p	-0.36p	-1.44p	5.20p	0.30p
Earnings per Share - Adjusted	0.37p	-0.36p	-1.44p	5.20p	0.30p
Continuing and Discontinued EPS
Earnings per Share - Basic	n/a	n/a	n/a	n/a	n/a
Earnings per Share - Diluted	n/a	n/a	n/a	n/a	n/a
Earnings per Share - Adjusted	n/a	n/a	n/a	n/a	n/a

Dividend per Share	0.00p	0.00p	3.38p	0.00p	0.00p

Balance Sheet (£ m)	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Assets
Non-Current Assets
Property, Plant & Equipment	n/a	n/a	n/a	n/a	n/a
Intangible Assets	n/a	n/a	n/a	n/a	n/a
Investment Properties	n/a	n/a	n/a	n/a	n/a
Investments	89.44	138.75	194.20	143.33	193.77
Other Financial Assets	n/a	n/a	n/a	n/a	n/a
Other Non-Current Assets	0.00	0.00	0.00	0.00	0.00
	89.44	138.75	194.20	143.33	193.77
Current Assets
Inventories	n/a	n/a	n/a	n/a	n/a
Trade & Other Receivables	1.40	2.17	1.57	4.70	3.92
Cash at Bank & in Hand	0.57	10.49	1.34	11.53	2.80
Current Asset Investments	0.00	0.00	0.00	0.00	0.00
Other Current Assets	n/a	n/a	n/a	n/a	n/a
	1.97	12.66	2.91	16.22	6.72

Total Assets	91.40	151.41	197.11	159.55	200.49

Liabilities
Current Liabilities
Borrowings	n/a	n/a	n/a	n/a	n/a
Other Current Liabilities	n/a	n/a	n/a	n/a	n/a
	11.454	25.124	14.700	14.796	9.251

Net Current Assets	-9.49	-12.47	-11.79	1.42	-2.53

Non-Current Liabilities
Borrowings	n/a	n/a	n/a	n/a	n/a
Provisions	n/a	n/a	n/a	n/a	n/a
Other Non-Current Liabilities	n/a	n/a	n/a	n/a	n/a
	0.00	0.00	6.92	20.65	29.04

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	11.45	25.12	21.62	35.45	38.29

Net Assets	79.95	126.28	175.49	124.10	162.20

Capital & Reserves
Share Capital	79.95	126.28	175.49	124.10	162.20
Share Premium Account	n/a	n/a	n/a	n/a	n/a
Other Reserves	n/a	n/a	n/a	n/a	n/a
Retained Earnings	n/a	n/a	n/a	n/a	n/a
Shareholders Funds	79.95	126.28	175.49	124.10	162.20

Minority Interests/Other Equity	n/a	n/a	n/a	n/a	n/a
Total Equity	79.95	126.28	175.49	124.10	162.20

Ratios - based on IFRS	30-Apr-12	30-Apr-11	30-Apr-10	30-Apr-09	30-Apr-08
Continuing Operations
PE Ratio - Adjusted	228.32	-210.76	-7.82	1.49	45.03
PEG - Adjusted	-1.13	2.81	0.06	0.00	-0.43
Earnings per Share Growth - Adjusted	-202.50%	-74.95%	-127.62%	1622.85%	-104.72%
Dividend Cover	n/a	n/a	-0.43	n/a	n/a
Revenue Per Share	n/a	n/a	n/a	n/a	n/a
Pre-Tax Profit per Share	n/a	n/a	n/a	n/a	n/a
Operating Margin	n/a	n/a	n/a	n/a	n/a
Return on Capital Employed	n/a	n/a	n/a	n/a	n/a

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	30.05%	0.00%	0.00%
Dividend per Share Growth	n/a	-100.00%	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	90.90p	80.86p	858.73p	607.26p	793.68p
Net Gearing	n/a	n/a	n/a	n/a	n/a

Data is provided by Morningstar

ATLANTIS JAPAN - Fundamentals