("CIA" or the "Company")
UNAUDITED FINANCIAL RESULTS FOR THE PERIOD FROM
FINANCIALS
The unaudited combined financial results for the period
“I am pleased to present the unaudited combined financial results of the Group.
I am pleased with the progress made in this initial period, notwithstanding the impacts on the Group’s business of the COVID-19 pandemic, and look forward to continuing to update shareholders on the progress of the Group and the exciting prospects ahead, some of which are developing reasonably fast. We continue to seek new investment opportunities and will advise shareholders as they come to fruition.“
Chief Executive Officer/Executive Director
The Directors of the Company accept responsibility for the content of this announcement.
ENQUIRIES:
Company
Telephone: +973 3 9696273
Corporate Adviser
Telephone: +44 20 7469 0930
COMBINED UNAUDITED INCOME STATEMENT
FOR THE PERIOD
For the period ended 31 For the period ended 30
December 2019 September 2018
Unaudited Audited
GBP GBP
Revenue - -
Cost of sales - -
Gross profit - -
Administrative expenses (973,885) (204,415)
Operating loss (973,885) (204,415)
Finance income 6 337
Finance costs (10,188) -
Loss before income tax (984,067) (204,078)
Income tax - -
Loss for the financial period (984,067) (204,078)
attributable to the Company's
equity shareholders
Loss per share from operations
Basic and diluted loss per (0.0021) (0.0015)
share (GBP)
COMBINED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD
For the period ended 31 For the period ended 30
December 2019 September 2018
Unaudited Audited
GBP GBP
Loss for the period (984,067) (204,078)
Gain on translation to 25,071 -
presentation currency
Other comprehensive loss (8,900) -
Total comprehensive loss for (967,896) (204,078)
the period
attributable to the Company's
equity
shareholders
COMBINED STATEMENT OF FINANCIAL POSITION
AS AT
As at 31 December As at 30 September
2019 2018
Unaudited Audited
GBP GBP
Assets
Non-current assets
Tangible fixed assets 494,758 -
Right-of-use assets 55,644 -
Debtors: amounts falling due after more 3,431,989 -
than one year
Investments 26,806,099 358,362
Total non-current 30,788,490 358,362
assets
Current assets
Trade and other 105,813 5,080
receivables
Inventories 8,766 -
Cash and cash 13,231 68,602
equivalents
Total current assets 127,810 73,682
Total assets 30,916,300 432,044
Liabilities
Current liabilities
Trade and other 1,260,254 22,622
payables
Total current 1,260,254 22,622
liabilities
Net current (1,132,444) 51,060
(liabilities)/assets
Non-current
liabilities
Creditors: amounts falling due after more 5,027,291 -
than one year
Total non-current liabilities 5,027,291 -
Net assets 24,628,755 409,422
Equity
Capital and reserves attributable to equity
shareholders:
Share capital 2,844,413 402,750
Share premium 24,623,938 210,750
Accumulated loss (2,839,596) (204,078)
Total equity 24,628,755 409,422
COMBINED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDING
Share Share Accumulated
capital premium losses Total Equity
GBP GBP GBP GBP
For the period ended - - - -
18 September 2017
Issue of share capital 402,750 236,250 - 639,000
Cost of shares issued - (25,500) - (25,500)
Total comprehensive loss - - (204,078) (204,078)
for the period
For the period ended 402,750 210,750 (204,078) 409,422
30 September 2018
Issue of share capital 2,441,663 24,413,188 - 26,854,851
Pre-acquisition - - (1,667,622) (1,667,622)
accumulated losses
Total comprehensive loss - - (967,896) (967,896)
for the period
For the period ended 2,844,413 24,623,938 (2,839,596) 24,628,755
31 December 2019
COMBINED STATEMENTS OF CASH FLOWS
FOR THE PERIOD
For the period ended 31 For the period ended 30
December 2019 September 2018
Unaudited Audited
GBP GBP
Operating activities
Loss for the period before (967,896) (204,078)
income tax
Add: Depreciation (non-cash) 8,550
-
Increase in right-of-use assets (64,194) -
Increase in debtors: amounts (3,431,989) -
falling due after
more than one year
Increase in trade and other (100,733) (5,080)
receivables
Increase in inventories (8,766) -
Increase in trade and other 1,237,632 22,622
payables
Increase in creditors: amounts 5,027,291 -
falling due after
more than one year
Net cash generated from/ (used 1,699,895 (186,536)
in) operating
activities
Investing activities
Purchase of tangible fixed (494,758) -
assets
Purchase of investments (5,248) (358,362)
Pre-acquisition accumulated (1,309,260) -
losses,
net of investments
Net cash used in investing (1,809,266) (358,362)
activities
Financing activities
Proceeds from issue of shares 54,000 639,000
Issue costs - (25,500)
Net cash generated from 54,000 613,500
financing activities
Net (decrease)/ increase in (55,371) 68,602
cash and cash
equivalents
Cash and cash equivalents at 68,602 -
beginning of
period
Cash and cash equivalents at 13,231 68,602
end of period
