[F&N] QoQ Cumulative Quarter Result on 31-Dec-2005 [#1]

Announcement Date
09-Feb-2006
Admission Sponsor
-
Sponsor
-
Financial Year
30-Sep-2006
Quarter
31-Dec-2005 [#1]
Profit Trend
QoQ- -70.57%
YoY- 10.67%
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Cumulative Result
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Revenue 1,943,630 1,453,852 1,002,348 532,911 1,935,106 1,453,966 972,682 58.57%
PBT 194,186 141,730 106,260 55,822 183,751 134,736 92,072 64.38%
Tax -40,604 -33,240 -27,405 -13,860 -44,461 -32,401 -25,965 34.69%
NP 153,582 108,490 78,855 41,962 139,290 102,335 66,107 75.32%
-
NP to SH 142,827 100,279 72,872 38,828 131,950 96,297 66,107 67.04%
-
Tax Rate 20.91% 23.45% 25.79% 24.83% 24.20% 24.05% 28.20% -
Total Cost 1,790,048 1,345,362 923,493 490,949 1,795,816 1,351,631 906,575 57.32%
-
Net Worth 1,114,834 1,074,162 1,085,935 1,122,093 1,084,129 1,048,567 1,057,712 3.56%
Dividend
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Div 116,434 41,110 41,151 - 107,842 35,950 35,733 119.63%
Div Payout % 81.52% 41.00% 56.47% - 81.73% 37.33% 54.05% -
Equity
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Net Worth 1,114,834 1,074,162 1,085,935 1,122,093 1,084,129 1,048,567 1,057,712 3.56%
NOSH 356,177 356,864 357,215 356,220 356,621 356,655 357,335 -0.21%
Ratio Analysis
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
NP Margin 7.90% 7.46% 7.87% 7.87% 7.20% 7.04% 6.80% -
ROE 12.81% 9.34% 6.71% 3.46% 12.17% 9.18% 6.25% -
Per Share
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
RPS 545.69 407.40 280.60 149.60 542.62 407.67 272.20 58.92%
EPS 40.10 28.10 20.40 10.90 37.00 27.00 18.50 67.40%
DPS 32.69 11.52 11.52 0.00 30.24 10.08 10.00 120.10%
NAPS 3.13 3.01 3.04 3.15 3.04 2.94 2.96 3.78%
Adjusted Per Share Value based on latest NOSH - 356,220
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
RPS 530.55 396.86 273.61 145.47 528.23 396.89 265.51 58.57%
EPS 38.99 27.37 19.89 10.60 36.02 26.29 18.05 67.02%
DPS 31.78 11.22 11.23 0.00 29.44 9.81 9.75 119.67%
NAPS 3.0432 2.9321 2.9643 3.063 2.9593 2.8623 2.8872 3.56%
Price Multiplier on Financial Quarter End Date
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Date 29/09/06 30/06/06 31/03/06 30/12/05 30/09/05 30/06/05 31/03/05 -
Price 6.20 6.10 6.00 6.20 5.55 5.10 5.15 -
P/RPS 1.14 1.50 2.14 4.14 1.02 1.25 1.89 -28.58%
P/EPS 15.46 21.71 29.41 56.88 15.00 18.89 27.84 -32.41%
EY 6.47 4.61 3.40 1.76 6.67 5.29 3.59 48.04%
DY 5.27 1.89 1.92 0.00 5.45 1.98 1.94 94.56%
P/NAPS 1.98 2.03 1.97 1.97 1.83 1.73 1.74 8.98%
Price Multiplier on Announcement Date
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Date 07/11/06 03/08/06 13/06/06 09/02/06 08/11/05 10/08/05 05/05/05 -
Price 6.50 6.10 5.85 6.15 5.65 5.50 5.30 -
P/RPS 1.19 1.50 2.08 4.11 1.04 1.35 1.95 -28.03%
P/EPS 16.21 21.71 28.68 56.42 15.27 20.37 28.65 -31.56%
EY 6.17 4.61 3.49 1.77 6.55 4.91 3.49 46.15%
DY 5.03 1.89 1.97 0.00 5.35 1.83 1.89 91.93%
P/NAPS 2.08 2.03 1.92 1.95 1.86 1.87 1.79 10.51%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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