GLOBE CAPITAL LIMITED - Interim Results for the six months period to 30/06/15 PR Newswire

30 September 2015

Globe Capital Limited
("Globe Capital" or the "Company")

Interim Results for the six months period to 30 June 2015

Globe Capital Limited is pleased to announce its unaudited interim results for the 6 months period to 30 June 2015. Operational costs for the period amounted to £56K compared to £77K for the six months to June 2014.

The Company continues to operate under minimal expenses. Further announcements will be made in due course.

Globe Capital Limited
Statement of Comprehensive Income
Six months ended 30 June 2015


                                    6 months     6 months  Year ended
                                       ended        ended 31 December
                                30 June 2015 30 June 2014        2014

                                    GBP '000     GBP '000    GBP '000

Revenue                                    -            -           -

Other Income                               -            -           -

Gross Profit                               -            -           -

Administrative Expenses                 (56)         (77)       (149)

Profit / (Loss) from Operations         (56)         (77)       (149)

Finance Costs                              -            -           -

Profit / (Loss) Before Taxation         (56)         (77)       (149)

Taxation                                   -            -           -

Other Comprehensive Loss                   -            -           -

Profit / (Loss) for the period          (56)         (77)       (149)
attributable to equity holders

Earning / (Loss) per share

Basic & Diluted (pence)              (0.08)p       (0.1)p      (0.2)p




Globe Capital Limited
Balance Sheet as at 30 June 2015


                                      30 June  30 June 31 December
                                         2015     2014        2014

                                     GBP '000 GBP '000    GBP '000

Non-current assets

Property, plant and equipment              17       40          28

Investments                                 -        -           -

Current assets

Trade and other receivables                 3        -           -

Cash and cash equivalents                  11      121          59

Total Assets                               14      121          59

Current Liabilities

Trade and other payables                    7        8           8

Financial Liabilities - Borrowings          -        -           -

Total Liabilities                           7        8           8

Net Assets                                 24      153          79

Shareholders' Equity

Share Capital                             627      627         627

Share Premium                             389      389         389

Foreign Currency Translation Reserve        -        -           -

Retained Earnings                       (992)    (863)       (937)

Total Equity                               24      153          79




Globe Capital Limited
Statement of Cash Flows
Period ended 30 June 2015


                                                   6 months 6 months  Year ended
                                                    30 June  30 June 31 December
                                                       2015     2014        2014

                                                        GBP      GBP         GBP

Profit/(Loss) before tax                           (55,667) (76,459)   (149,111)

Adjustment:

Other income                                            (2)        -         (9)

Depreciation                                         11,261   11,261      22,523

Operating profit/(loss)                            (44,408) (65,198)   (119,148)

Cash flows from operating activities

(Increase)/decrease in trade and other receivables  (2,860)    1,278       1,053

Increase/(decrease) in trade and other payables       (775) (14,439)    (14,202)

Cash utilised in operations                        (48,043) (78,359)   (139,746)

Cash flows from investing activities

Proceeds from disposal of investment in Ford Eagle        -        -           -
Capital Limited

Payment made to leasehold improvement                     -        -           -

Bank interest received                                    2        -           9

Net cash from investing activities                        2        -           9

Cash flows from financing activities

Issue of new shares                                       -        -           -

Net cash from financing activities                        -        -           -

(Decrease)/increase in cash and cash equivalents   (48,041) (78,359)   (139,737)

Cash and cash equivalents at the beginning of the    59,411  199,148     199,148
period

Cash and cash equivalents at end of period           11,370  120,788      59,411

Cash at Bank C/F                                     11,370  120,788      59,411



The financial information set out above has not been reviewed or audited by the company's auditors.

Basic and diluted profit per share is calculated by dividing the loss for the period of £56,000 (2014: loss £77,000) by the weighted average number of ordinary shares of 74,638,800 (2014: 74,638,800).

The directors of Globe Capital Limited accept responsibility for this announcement.

For further information please contact:

Globe Capital Limited
Christopher Neo, Company Secretary
+44 (0)20 3286 6388


 

ISDX CORPORATE ADVISER:

Alexander David Securities Limited
David Scott –Corporate Finance
James Dewhurst – Institutional Sales 
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com
49 Queen Victoria Street, London EC4N 4SA