("Early Equity" or the "Company")
Executive Director’s Statement
I am pleased to present the unaudited interim results for the Company for the six month period ended
Results and Review of Business
The loss for the period was
The value of our investment portfolio significantly increased to
On the 15th
Post Balance Sheet Events
On the 27th
Within the last twelve months, the Company has made two investments in
The Company continues to seek further acquisitions that meet its investment criteria and intend to raise additional funds in the future when suitable investment opportunities present.
The Company's investment strategy is to invest in early stage, small to medium high-growth enterprises around the world. The Directors will continue to evaluate suitable investments opportunities.
On behalf of the Board, I would like to take this opportunity to thank shareholders and professional advisers for their continued support of the Company.
CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR SIX MONTHS TO 29 FEBURARY 2016
6 months to 6 months to 29 February 2016 28 February 2015 CONTINUING OPERATIONS GBP GBP TURNOVER - - OTHER INCOME - - ADMINISTRATIVE EXPENSES (46,502) (37,445) OTHER OPERATING EXPENSES 954 (12,972) FINANCE COSTS (392) (169) (LOSS) BEFORE TAX (45,940) (50,586) INCOME TAX - (LOSS) FOR THE YEAR / PERIOD (45,940) (50,586) OTHER COMPREHENSIVE INCOME / (LOSS) Loss on fair value changes of - - available-for-sale financial assets Reclassification of fair value gain on - - disposal of available-for-sale financial assets OTHER COMPREHENSIVE INCOME / (LOSS) FOR THE - - YEAR / PERIOD TOTAL COMPREHENSIVE LOSS FOR THE YEAR / PERIOD (45,940) (50,586) BASIC AND DILUTED LOSS PER SHARE (0.01)p (0.01)p CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT
29 FEBRUARY 20166 months to 6 months to 29 February 2016 28 February 2015 GBP GBP INVESTMENTS Available-for-sale financial assets 622,637 153,650 CURRENT ASSETS Trade and other receivables 1,394 24,413 Cash and cash equivalents 146,341 121,994 147,735 146,407 CURRENT LIABILITIES Trade and other payables (100) (20,515) Unsecured loan (100) (20,515) NET CURRENT ASSETS / (LIABILITIES) 147,635 125,892 NET ASSETS 770,272 279,542 REPRESSENTING:- Share capital 809,623 674,623 Share premium 683,590 211,090 1,493,213 885,713 Fair value reserve 49,031 46,631 Accumulated losses (771,972) (652,802) SHAREHOLDERS FUNDS 770,272 279,542
The interim financial information for the six months ended
The Directors of the Company accept responsibility for the announcement.
Tel: +44 (0)78 3018 2501
ISDX CORPORATE ADVISER:
Telephone: +44 (0) 20 7448 9820