Realising Value Guinness Peat Group plc

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Guinness Peat Group plc is an investmentholding company with a diversifiedrange of strategic interests. The Grouphas now embarked on a transitiontowards Coats becoming itsprincipal component.Financial Summary and Chairman’s Statement1 2012 Financial Summary2 GPG Chairman’s StatementCoats Business Review10 Chief Executive’s Review13 Understanding Coats17 Industrial Division18 Crafts Division19 Coats Group Finance Review21 Corporate ResponsibilityGovernance22 Board of Directors23 Directors’ Report26 Corporate Governance35 Directors’ Responsibilities Statement36 Independent Auditor’s ReportFinancial Statements38 Consolidated Income Statement39 Consolidated Statement of Comprehensive Income40 Consolidated Statement of Financial Position42 Company Balance Sheet43 Consolidated Statement of Changes in Equity44 Consolidated Statement of Cash Flows45 Notes to Financial StatementsCoats Financial Information95 Financial Information100 Notes to Financial Information104 Supplementary Information105 Company and Registrars’ Addresses
FinancialSummaryChairman’sStatementCoats BusinessReviewGovernanceFinancialStatementsCoats FinancialInformation2012 Financial SummaryFor the year ending 31 December 2012GPGPortfolio divestments£314mNet proceeds 1 January 2011 to 22 February 2013 – £495mShare buy-backs£25m2011 – return of capital £80m plus net cash dividend £12mMiddle market share price30.5p2011 – 28.5pShareholders’ funds£434m2011 – £602mCoatsRevenue$1,653.4m2011 – $1,701.6mPre-exceptional operating profit*$127.0m2011 – $143.6mOperating loss$(4.7)m2011 – $131.6m profitFree cash flow (pre EC fine)**$44.8m2011 – $18.0mNet asset backing per share27.7p2011 – 37.1p* Before reorganisation, impairment and other exceptional items (see note 2 to the Coats Financial Information on page 101).** Change in net debt resulting from cash flows pre EC fine.Reporting currency explanatory note:GPG’s functional and presentation currency is GBP. Coats’ functional and presentation currency is USD.ANNUAL REPORT 20121
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Realising Value Guinness Peat Group plc

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