QLI QUEENCO LEISURE INTERNATIONAL LTD GDR (EACH REPR 10 ORDS) (REGS)

QUEENCO(REGS) Currency EUR Standard GDRs

Income Statement (€ m)	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
Revenue	75.32	85.90	115.02	137.39	142.90
Operating Profit/(Loss)	-17.69	-11.66	2.24	36.78	51.26
Net Interest	2.10	1.68	1.26	2.51	2.94
Profit Before Tax	-18.19	-15.22	2.98	36.40	52.94
Profit After Tax	-17.16	-21.00	-6.80	23.02	37.53
Discontinued Operations
Profit After Tax	-6.05	-5.14	0.00	0.00	0.00
PROFIT FOR THE PERIOD	-23.22	-26.14	-6.80	23.02	37.53
Attributable to:
Minority Interests	2.82	2.29	-1.49	-9.65	-12.40
Equity Holders of Parent Company	-20.40	-23.86	-8.29	13.37	25.14

Continuing EPS
Earnings per Share - Basic	-4.30c	-5.50c	-2.30c	3.80c	7.60c
Earnings per Share - Diluted	-4.30c	-5.50c	-2.30c	3.80c	7.50c
Earnings per Share - Adjusted	-4.30c	-5.50c	-2.30c	3.80c	7.60c
Continuing and Discontinued EPS
Earnings per Share - Basic	-5.80c	-6.80c	-2.30c	3.80c	7.60c
Earnings per Share - Diluted	-5.80c	-6.80c	-2.30c	3.80c	7.50c
Earnings per Share - Adjusted	-6.01c	-6.96c	-2.30c	3.80c	7.60c

Dividend per Share	0.00c	0.00c	0.00c	1.70c	4.00c

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	107.99	115.18	119.57	98.97	82.65
Intangible Assets	8.58	9.62	11.31	8.23	13.75
Investment Properties	0.00	2.17	3.94	6.99	7.65
Investments	0.00	0.00	0.00	11.44	13.02
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	13.73	13.33	12.93	16.54	17.02
	130.29	142.46	151.69	149.17	141.73
Current Assets
Inventories	0.65	1.00	1.05	0.76	0.78
Trade & Other Receivables	0.00	0.00	6.76	4.47	3.99
Cash at Bank & in Hand	14.05	16.31	31.06	57.02	76.01
Current Asset Investments	0.08	2.10	4.84	9.11	8.89
Other Current Assets	6.42	6.15	0.00	0.00	0.00
	21.20	25.56	43.71	71.35	89.67

Total Assets	151.49	168.02	195.40	220.52	231.40

Liabilities
Current Liabilities
Borrowings	-19.51	-18.03	-17.09	-16.96	-12.73
Other Current Liabilities	-27.87	-27.49	-33.77	-33.31	-42.74
	-47.38	-45.52	-50.87	-50.26	-55.47

Net Current Assets	-26.18	-19.97	-7.15	21.09	34.21

Non-Current Liabilities
Borrowings	-15.91	-10.02	-10.75	-15.82	-21.26
Provisions	-1.68	-2.05	-1.31	-1.80	-3.47
Other Non-Current Liabilities	-6.47	-6.09	-5.85	-5.34	-4.84
	-24.06	-18.15	-17.91	-22.96	-29.57

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-71.44	-63.68	-68.77	-73.22	-85.03

Net Assets	80.05	104.34	126.63	147.30	146.37

Capital & Reserves
Share Capital	62.53	62.51	62.51	62.51	62.51
Share Premium Account	131.20	131.00	131.00	131.00	131.00
Other Reserves	-8.86	-11.05	-13.17	-5.12	1.83
Retained Earnings	-125.04	-101.97	-79.16	-71.50	-80.01
Shareholders Funds	59.83	80.49	101.19	116.90	115.33

Minority Interests/Other Equity	20.23	23.86	25.44	30.41	31.04
Total Equity	80.05	104.34	126.63	147.30	146.37

Ratios - based on IFRS	31-Dec-11	31-Dec-10	31-Dec-09	31-Dec-08	31-Dec-07
Continuing Operations
PE Ratio - Adjusted	-0.47	-0.82	-1.31	0.72	1.50
PEG - Adjusted	0.02	-0.01	0.01	-0.01	n/a
Earnings per Share Growth - Adjusted	-21.82%	139.13%	-160.53%	-50.00%	n/a
Dividend Cover	n/a	n/a	n/a	2.24	1.90
Revenue Per Share	21.32c	24.31c	32.55c	38.88c	42.94c
Pre-Tax Profit per Share	-5.15c	-4.31c	0.84c	10.30c	15.91c
Operating Margin	-21.82%	-16.21%	3.53%	27.74%	35.59%
Return on Capital Employed	-13.99%	-10.35%	2.82%	21.74%	31.94%

Continuing & Discontinued Operations
Dividend Yield	0.00%	0.00%	0.00%	61.82%	35.15%
Dividend per Share Growth	n/a	n/a	-100.00%	-57.50%	n/a
Net Asset Value per Share (exc. Intangibles)	14.50c	20.05c	25.43c	30.75c	28.75c
Net Gearing	35.72%	14.58%	-3.18%	-20.73%	-36.44%

Data is provided by Morningstar

QLI QUEENCO LEISURE INTERNATIONAL LTD GDR (EACH REPR 10 ORDS) (REGS)

QUEENCO(REGS) - Fundamentals