BEZ BEAZLEY PLC ORD 5P

BEAZLEY Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-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	154.54	40.35	160.18	97.78	87.20
Profit After Tax	132.02	42.34	138.60	85.84	64.40
Discontinued Operations
Profit After Tax	0.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	132.02	42.34	138.60	85.84	64.40
Attributable to:
Minority Interests	0.00	0.00	0.00	0.00	0.00
Equity Holders of Parent Company	132.02	42.34	138.60	85.84	64.40

Continuing EPS
Earnings per Share - Basic	26.08p	8.37p	27.40p	18.40p	18.80p
Earnings per Share - Diluted	25.41p	7.98p	26.10p	17.80p	18.00p
Earnings per Share - Adjusted	26.08p	8.37p	27.40p	18.40p	18.80p
Continuing and Discontinued EPS
Earnings per Share - Basic	26.08p	8.37p	27.40p	18.40p	18.80p
Earnings per Share - Diluted	25.41p	7.98p	26.10p	17.80p	18.00p
Earnings per Share - Adjusted	26.08p	8.37p	27.40p	18.40p	18.80p

Dividend per Share	8.10p	7.60p	7.10p	6.70p	6.20p

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	4.31	4.57	6.13	12.40	8.10
Intangible Assets	70.81	84.10	179.47	269.00	144.00
Investment Properties	n/a	n/a	n/a	n/a	n/a
Investments	2273.39	2165.69	1982.37	2859.00	1553.30
Other Financial Assets	n/a	n/a	n/a	n/a	n/a
Other Non-Current Assets	n/a	n/a	n/a	n/a	n/a
	2348.51	2254.36	2167.98	3140.40	1705.40
Current Assets
Inventories	n/a	n/a	n/a	n/a	n/a
Trade & Other Receivables	1231.25	1264.46	712.27	1690.20	848.50
Cash at Bank & in Hand	391.57	418.31	807.75	813.40	443.60
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
	1622.82	1682.77	1520.02	2503.60	1292.10

Total Assets	3971.33	3937.13	3688.00	5644.00	2997.50

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
	467.487	458.852	2825.062	4369.400	2407.300

Net Current Assets	1155.34	1223.92	-1305.04	-1865.80	-1115.20

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	2758.41	2789.14	0.00	0.00	0.00
	2758.41	2789.14	171.30	278.70	177.50

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	3225.90	3247.99	2996.36	4648.10	2584.80

Net Assets	745.43	689.14	691.64	995.90	412.70

Capital & Reserves
Share Capital	745.43	689.15	691.64	995.90	412.70
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	745.43	689.15	691.64	995.90	412.70

Minority Interests/Other Equity	n/a	n/a	n/a	n/a	n/a
Total Equity	745.43	689.15	691.64	995.90	412.70

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	6.78	16.05	4.20	5.43	n/a
PEG - Adjusted	0.03	-0.23	0.09	-2.55	n/a
Earnings per Share Growth - Adjusted	211.82%	-69.47%	48.91%	-2.13%	-30.05%
Dividend Cover	3.22	1.10	3.86	2.75	3.03
Revenue Per Share	n/a	n/a	n/a	n/a	n/a
Pre-Tax Profit per Share	30.52p	7.98p	31.10p	20.39p	25.45p
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	4.58%	5.66%	6.17%	6.71%	n/a
Dividend per Share Growth	6.58%	7.04%	5.97%	8.06%	24.67%
Net Asset Value per Share (exc. Intangibles)	129.49p	116.71p	98.86p	136.17p	72.72p
Net Gearing	n/a	n/a	n/a	n/a	n/a

Data is provided by Morningstar

BEAZLEY - Fundamentals