HCL HELLENIC CARRIERS LIMITED ORD USD0.001

HELLENIC CARR. Currency GBX

Income Statement (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
Revenue	21.35	36.75	35.90	58.30	16.34
Operating Profit/(Loss)	-16.51	21.04	14.78	25.02	10.53
Net Interest	3.20	3.67	4.14	3.86	1.11
Profit Before Tax	-19.54	17.59	11.20	21.34	9.63
Profit After Tax	-19.54	17.59	11.20	21.34	9.63
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-19.54	17.59	11.20	21.34	9.63
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	-19.54	17.59	11.20	21.34	9.63

Continuing EPS
Earnings per Share - Basic	-43.11p	38.32p	24.74p	46.63p	20.92p
Earnings per Share - Diluted	-43.11p	38.32p	24.74p	46.63p	20.92p
Earnings per Share - Adjusted	-43.11p	38.32p	24.74p	46.63p	20.92p
Continuing and Discontinued EPS
Earnings per Share - Basic	-43.11p	38.32p	24.74p	46.63p	20.92p
Earnings per Share - Diluted	-43.11p	38.32p	24.74p	46.63p	20.92p
Earnings per Share - Adjusted	-43.11p	38.32p	24.74p	46.63p	20.92p

Dividend per Share	5.45p	4.62p	2.30p	7.34p	0.00p

Balance Sheet (£ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Assets
Non-Current Assets
Property, Plant & Equipment	67.58	93.57	107.29	126.92	37.07
Intangible Assets	0.00	0.00	0.00	0.00	0.00
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	18.37	17.50	0.00	0.00	6.58
	85.95	111.07	107.29	126.92	43.64
Current Assets
Inventories	1.44	0.41	0.28	0.34	0.16
Trade & Other Receivables	2.94	4.59	2.65	2.03	1.20
Cash at Bank & in Hand	30.91	38.34	44.18	37.46	24.05
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
	35.29	43.34	47.11	39.82	25.40

Total Assets	121.24	154.40	154.39	166.75	69.04

Liabilities
Current Liabilities
Borrowings	-6.88	-12.22	-7.32	-14.37	-3.82
Other Current Liabilities	-2.87	-3.99	-3.80	-4.40	-2.39
	-9.75	-16.20	-11.12	-18.77	-6.21

Net Current Assets	25.54	27.13	35.99	21.05	19.19

Non-Current Liabilities
Borrowings	-51.74	-57.98	-77.80	-86.79	-29.34
Provisions	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	-2.54	-4.52	-0.02
	-51.74	-57.98	-80.34	-91.32	-29.36

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-61.50	-74.19	-91.46	-110.09	-35.56

Net Assets	59.74	80.22	62.93	56.66	33.48

Capital & Reserves
Share Capital	0.03	0.03	0.03	0.03	0.02
Share Premium Account	34.98	34.72	33.62	37.28	27.07
Other Reserves	5.06	3.98	4.16	2.90	5.39
Retained Earnings	19.68	41.49	25.13	16.45	0.99
Shareholders Funds	59.74	80.22	62.93	56.66	33.48

Minority Interests/Other Equity	0.00	0.00	0.00	0.00	0.00
Total Equity	59.74	80.22	62.93	56.66	33.48

Ratios - based on IFRS	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
PE Ratio - Adjusted	-0.96	2.11	3.29	1.18	10.56
PEG - Adjusted	0.00	0.04	-0.07	0.01	n/a
Earnings per Share Growth - Adjusted	-212.50%	54.91%	-46.95%	122.92%	n/a
Dividend Cover	-7.91	8.29	10.76	6.36	n/a
Revenue Per Share	46.81p	80.55p	78.69p	127.79p	35.82p
Pre-Tax Profit per Share	-42.83p	38.55p	24.54p	46.77p	21.10p
Operating Margin	-77.99%	56.69%	40.89%	41.57%	63.99%
Return on Capital Employed	-13.81%	14.13%	10.36%	15.97%	16.10%

Continuing & Discontinued Operations
Dividend Yield	13.13%	5.70%	2.82%	13.34%	0.00%
Dividend per Share Growth	17.97%	100.87%	-68.66%	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	130.96p	175.85p	137.96p	124.20p	73.39p
Net Gearing	46.39%	39.72%	65.04%	112.45%	27.21%

Data is provided by Morningstar

HELLENIC CARR. - Fundamentals