GRTB GUARANTY TRUST BANK PLC GDR (EACH REPR 50 ORD SHS)(REG S)

GUARANTY S Currency USD Standard GDRs

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	659.80	382.74	301.78	183.54	250.44
Profit After Tax	555.15	294.72	251.78	155.48	200.72
Discontinued Operations
Profit After Tax	2.63	17.06	4.80	0.00	0.00
PROFIT FOR THE PERIOD	557.78	311.78	256.58	155.48	200.72
Attributable to:
Minority Interests	-2.16	-3.32	-1.11	-0.07	-5.01
Equity Holders of Parent Company	555.62	308.46	255.47	155.40	195.71

Continuing EPS
Earnings per Share - Basic	1.96¢	1.04¢	0.89¢	0.83¢	1.31¢
Earnings per Share - Diluted	1.96¢	1.04¢	0.89¢	0.83¢	1.31¢
Earnings per Share - Adjusted	1.96¢	1.04¢	0.89¢	0.67¢	1.05¢
Continuing and Discontinued EPS
Earnings per Share - Basic	1.97¢	1.12¢	0.91¢	0.83¢	1.31¢
Earnings per Share - Diluted	1.97¢	1.12¢	0.91¢	0.83¢	1.31¢
Earnings per Share - Adjusted	1.97¢	1.12¢	0.91¢	0.67¢	1.05¢

Dividend per Share	32.17¢	8.50¢	0.66¢	0.71¢	0.00¢

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	n/a	n/a	n/a	n/a	n/a
Intangible Assets	11.35	6.21	12.76	2.33	2.51
Investment Properties	n/a	n/a	n/a	n/a	n/a
Investments	2666.22	2085.32	218.64	893.98	648.87
Other Financial Assets	n/a	n/a	n/a	n/a	n/a
Other Non-Current Assets	389.92	354.57	331.47	338.44	280.93
	3067.49	2446.09	562.87	1234.75	932.31
Current Assets
Inventories	n/a	n/a	n/a	n/a	n/a
Trade & Other Receivables	5020.256	4359.135	3939.515	5177.604	4509.459
Cash at Bank & in Hand	2068.45	2270.55	1780.82	235.57	456.16
Current Asset Investments	954.11	841.94	1334.10	352.34	901.51
Other Current Assets	n/a	n/a	n/a	n/a	n/a
	8042.82	7471.62	7054.44	5765.52	5867.13

Total Assets	11110.30	9917.71	7617.31	7000.26	6799.44

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
	1175.34	1345.70	5575.46	5199.84	5039.28

Net Current Assets	6867.48	6125.92	1478.98	565.68	827.85

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	n/a	n/a	n/a	n/a	n/a
	8119.8	7151.6	605.5	538.6	469.8

Other Liabilities	0.0	0.0	0.0	0.0	0.0
Total Liabilities	9295.12	8497.28	6180.95	5738.41	5509.04

Net Assets	1815.18	1420.43	1436.36	1261.85	1290.40

Capital & Reserves
Share Capital	1815.18	1420.43	1436.36	1261.85	1290.40
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	1815.18	1420.43	1436.36	1261.85	1290.40

Minority Interests/Other Equity	n/a	n/a	n/a	n/a	n/a
Total Equity	1815.18	1420.43	1436.36	1261.85	1290.40

Ratios - based on IFRS	31-Dec-12	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08
Continuing Operations
PE Ratio - Adjusted	3.67	4.38	6.63	8.96	3.31
PEG - Adjusted	0.04	0.25	0.20	-0.25	-0.13
Earnings per Share Growth - Adjusted	88.10%	17.47%	32.39%	-36.13%	-25.76%
Dividend Cover	0.06	0.12	1.35	0.94	n/a
Revenue Per Share	n/a	n/a	n/a	n/a	n/a
Pre-Tax Profit per Share	2.33¢	1.36¢	1.07¢	0.98¢	1.68¢
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	446.75%	186.86%	11.12%	11.82%	0.00%
Dividend per Share Growth	278.33%	1196.04%	-7.48%	n/a	n/a
Net Asset Value per Share (exc. Intangibles)	6.13¢	4.81¢	6.11¢	6.75¢	8.63¢
Net Gearing	n/a	n/a	n/a	n/a	n/a

Data is provided by Morningstar

GUARANTY S - Fundamentals