GVC GVC HOLDINGS PLC ORD EUR0.01

GVC HLDGS Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	48.33	37.04	47.05	46.30	47.94
Operating Profit/(Loss)	10.57	1.67	4.42	12.83	15.66
Net Interest	1.79	1.99	0.00	0.00	0.01
Profit Before Tax	8.78	-0.32	3.49	12.47	16.18
Profit After Tax	8.39	-0.52	3.30	12.14	15.83
Discontinued Operations
Profit After Tax	-0.90	1.15	-0.35	-0.19	0.00
PROFIT FOR THE PERIOD	7.49	0.63	2.95	11.94	15.83
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	7.49	0.63	2.95	11.94	15.83

Continuing EPS
Earnings per Share - Basic	26.60p	-1.67p	10.63p	38.97p	50.82p
Earnings per Share - Diluted	26.20p	-1.67p	10.37p	38.26p	49.87p
Earnings per Share - Adjusted	26.03p	8.85p	22.28p	38.97p	56.76p
Continuing and Discontinued EPS
Earnings per Share - Basic	23.76p	-0.42p	9.51p	38.35p	50.82p
Earnings per Share - Diluted	23.36p	-0.42p	9.25p	37.64p	49.87p
Earnings per Share - Adjusted	23.20p	10.11p	21.16p	38.35p	56.76p

Dividend per Share	21.32p	17.60p	8.19p	36.17p	32.00p

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	0.53	0.39	0.31	0.60	1.47
Intangible Assets	53.07	56.15	53.92	56.47	53.48
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	0.07	0.07	0.00	0.05	0.01
	53.67	56.61	54.23	57.11	54.97
Current Assets
Inventories	0.00	0.00	0.00	0.00	0.00
Trade & Other Receivables	14.84	8.78	5.32	6.32	8.59
Cash at Bank & in Hand	5.38	8.23	5.67	18.64	18.03
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
	20.22	17.01	10.99	24.96	26.62

Total Assets	73.89	73.62	65.22	82.08	81.59

Liabilities
Current Liabilities
Borrowings	0.00	-2.44	0.00	0.00	0.00
Other Current Liabilities	-16.51	-12.62	-6.22	-8.24	-8.26
	-16.51	-15.06	-6.22	-8.24	-8.26

Net Current Assets	3.71	1.95	4.77	16.73	18.36

Non-Current Liabilities
Borrowings	0.00	0.00	0.00	0.00	0.00
Provisions	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	-9.96	-10.81	-5.29	-4.75	0.00
	-9.96	-10.81	-5.29	-4.75	0.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-26.47	-25.87	-11.51	-12.99	-8.26

Net Assets	47.42	47.76	53.71	69.09	73.32

Capital & Reserves
Share Capital	0.26	0.26	0.27	34.28	36.95
Share Premium Account	0.50	0.35	0.00	7.77	13.24
Other Reserves	32.77	33.75	34.62	0.00	0.00
Retained Earnings	13.90	13.40	18.82	27.05	23.13
Shareholders Funds	47.42	47.76	53.71	69.09	73.32

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	47.42	47.76	53.71	69.09	73.32

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	n/a	14.01	4.80	5.58	1.72
PEG - Adjusted	n/a	-0.23	-0.11	-0.18	0.04
Earnings per Share Growth - Adjusted	194.04%	-60.25%	-42.84%	-31.33%	44.91%
Dividend Cover	1.22	0.50	2.72	1.08	1.77
Revenue Per Share	153.18p	118.82p	151.10p	148.69p	153.96p
Pre-Tax Profit per Share	27.84p	-1.03p	11.22p	40.04p	51.96p
Operating Margin	21.87%	4.51%	7.41%	26.81%	32.66%
Return on Capital Employed	-187.05%	-28.09%	-1688.41%	98.82%	81.57%

Continuing & Discontinued Operations
Dividend Yield	n/a	14.19%	7.65%	16.63%	32.82%
Dividend per Share Growth	21.17%	114.96%	-77.36%	13.03%	23.08%
Net Asset Value per Share (exc. Intangibles)	-17.91p	-26.67p	-0.66p	40.53p	63.72p
Net Gearing	-11.34%	-12.12%	-10.55%	-26.98%	-24.58%

Data is provided by Morningstar

GVC HLDGS - Fundamentals