BREE BREEDON AGGREGATES LD ORD NPV

BREEDON Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
Revenue	173.46	168.89	42.68	0.00	0.00
Operating Profit/(Loss)	10.07	6.23	-4.75	-0.93	-0.74
Net Interest	3.99	4.59	1.52	0.00	0.00
Profit Before Tax	5.79	1.39	-6.30	-0.83	-0.74
Profit After Tax	5.29	1.20	-5.87	-0.83	-0.74
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	5.29	1.20	-5.87	-0.83	-0.74
Attributable to:
Minority Interests	-0.03	-0.02	-0.01	0.00	0.00
Equity Holders of Parent Company	5.26	1.18	-5.88	-0.83	-0.74

Continuing EPS
Earnings per Share - Basic	0.85p	0.21p	-2.19p	-0.60p	-1.40p
Earnings per Share - Diluted	0.75p	0.20p	-2.16p	-0.60p	-1.40p
Earnings per Share - Adjusted	0.67p	0.21p	-0.58p	-0.60p	-1.40p
Continuing and Discontinued EPS
Earnings per Share - Basic	0.85p	0.21p	-2.19p	-0.60p	-1.40p
Earnings per Share - Diluted	0.75p	0.20p	-2.16p	-0.60p	-1.40p
Earnings per Share - Adjusted	0.67p	0.21p	-0.58p	-0.60p	-1.40p

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

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	144.90	151.98	146.82	0.00	0.00
Intangible Assets	2.30	1.65	1.79	0.00	0.00
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	0.89	0.79	1.07	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	0.00	0.00
	148.08	154.42	149.68	0.00	0.00
Current Assets
Inventories	8.05	8.00	6.77	0.00	0.00
Trade & Other Receivables	36.45	34.56	25.83	0.01	0.01
Cash at Bank & in Hand	5.05	0.92	3.29	11.87	12.81
Current Asset Investments	0.00	0.00	0.58	0.00	0.00
Other Current Assets	0.00	0.00	0.40	0.00	0.00
	49.55	43.48	36.88	11.88	12.82

Total Assets	197.62	197.90	186.55	11.88	12.82

Liabilities
Current Liabilities
Borrowings	-4.82	-8.24	-7.10	0.00	0.00
Other Current Liabilities	-31.16	-33.53	-27.79	-0.18	-0.30
	-35.97	-41.77	-34.89	-0.18	-0.30

Net Current Assets	13.57	1.71	1.99	11.69	12.52

Non-Current Liabilities
Borrowings	-74.29	-88.87	-88.46	0.00	0.00
Provisions	-8.01	-8.23	-6.38	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	-0.00
	-82.30	-97.10	-94.83	0.00	-0.00

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-118.28	-138.87	-129.72	-0.18	-0.30

Net Assets	79.35	59.03	56.83	11.69	12.52

Capital & Reserves
Share Capital	77.59	62.72	61.58	13.26	13.26
Share Premium Account	0.00	0.00	0.00	0.00	0.00
Other Reserves	1.77	1.97	2.42	0.00	0.00
Retained Earnings	-0.15	-5.77	-7.26	-1.57	-0.74
Shareholders Funds	79.21	58.92	56.74	11.69	12.52

Minority Interests/Other Equity	0.14	0.11	0.09	0.00	0.00
Total Equity	79.35	59.03	56.83	11.69	12.52

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	32.46	80.95	-25.86	n/a	n/a
PEG - Adjusted	0.15	-0.59	7.77	n/a	n/a
Earnings per Share Growth - Adjusted	219.05%	-136.21%	-3.33%	-57.14%	n/a
Dividend Cover	n/a	n/a	n/a	n/a	n/a
Revenue Per Share	27.99p	30.27p	15.88p	0.00p	0.00p
Pre-Tax Profit per Share	0.93p	0.25p	-2.35p	-0.61p	-1.36p
Operating Margin	5.04%	3.15%	-11.26%	n/a	n/a
Return on Capital Employed	5.96%	3.67%	-3.05%	-7.06%	-5.92%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	0.00%	n/a	n/a
Dividend per Share Growth	n/a	n/a	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	11.88p	10.21p	9.92p	8.60p	9.21p
Net Gearing	93.50%	163.24%	162.61%	-101.48%	-102.28%

Data is provided by Morningstar

BREEDON - Fundamentals