BRDG BRIDGE ENERGY ASA ORD NOK1 (DI)

BRIDGE ENERGY Currency GBX

Income Statement (£ m)	31-Dec-12	31-Dec-11	31-Dec-10
Continuing Operations
Revenue	17.36	24.74	11.39
Operating Profit/(Loss)	-43.73	-9.37	-17.21
Net Interest	2.67	1.60	1.53
Profit Before Tax	-47.79	-10.24	-18.80
Profit After Tax	-34.50	-1.24	-11.75
Discontinued Operations
Profit After Tax	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-34.50	-1.24	-11.75
Attributable to:
Minority Interests	0.00	0.00	0.00
Equity Holders of Parent Company	-34.50	-1.24	-11.75

Continuing EPS
Earnings per Share - Basic	-55.82p	-2.37p	-18.53p
Earnings per Share - Diluted	-55.82p	-2.37p	-18.53p
Earnings per Share - Adjusted	-55.82p	-2.37p	-18.53p
Continuing and Discontinued EPS
Earnings per Share - Basic	-55.82p	-2.37p	-18.53p
Earnings per Share - Diluted	-55.82p	-2.37p	-18.53p
Earnings per Share - Adjusted	-55.82p	-2.37p	-18.53p

Dividend per Share	0.00p	0.00p	0.00p

Balance Sheet (£ m)	31-Dec-12	31-Dec-11	31-Dec-10
Assets
Non-Current Assets
Property, Plant & Equipment	0.34	0.06	51.75
Intangible Assets	62.46	47.50	41.94
Investment Properties	0.00	0.00	0.00
Investments	0.14	0.07	0.07
Other Financial Assets	0.00	0.00	0.00
Other Non-Current Assets	42.90	62.96	2.10
	105.84	110.59	95.85
Current Assets
Inventories	4.18	0.00	0.00
Trade & Other Receivables	35.51	18.52	19.60
Cash at Bank & in Hand	6.17	6.15	24.13
Current Asset Investments	0.00	1.47	0.00
Other Current Assets	0.00	0.00	0.00
	45.86	26.13	43.73

Total Assets	151.70	136.72	139.57

Liabilities
Current Liabilities
Borrowings	-27.60	-9.16	-15.47
Other Current Liabilities	-12.36	-6.08	-5.87
	-39.96	-15.25	-21.34

Net Current Assets	5.90	10.89	22.38

Non-Current Liabilities
Borrowings	-7.05	-10.17	-8.94
Provisions	-29.23	-15.27	-8.47
Other Non-Current Liabilities	0.00	0.00	-4.01
	-36.28	-25.44	-21.41

Other Liabilities	n/a	n/a	n/a
Total Liabilities	-76.23	-40.69	-42.76

Net Assets	75.47	96.03	96.82

Capital & Reserves
Share Capital	7.01	5.66	5.78
Share Premium Account	16.25	2.21	1.08
Other Reserves	105.37	105.63	107.86
Retained Earnings	-53.17	-17.47	-17.90
Shareholders Funds	75.47	96.03	96.82

Minority Interests/Other Equity	0.00	0.00	0.00
Total Equity	75.47	96.03	96.82

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10
Continuing Operations
PE Ratio - Adjusted	-1.94	n/a	n/a
PEG - Adjusted	0.00	n/a	n/a
Earnings per Share Growth - Adjusted	2254.07%	-87.20%	n/a
Dividend Cover	n/a	n/a	n/a
Revenue Per Share	28.10p	47.13p	17.95p
Pre-Tax Profit per Share	-77.36p	-19.51p	-29.64p
Operating Margin	-253.82%	-49.22%	-157.32%
Return on Capital Employed	-58.69%	-10.40%	-19.68%

Continuing & Discontinued Operations
Dividend Yield	0.00%	n/a	n/a
Dividend per Share Growth	n/a	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	20.50p	92.47p	86.52p
Net Gearing	37.74%	13.73%	0.29%

Data is provided by Morningstar

BRIDGE ENERGY - Fundamentals