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
ended
30 June 2015
6 months
ended
30 June 2014
Year ended
31 December
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 attributable to equity holders (56) (77) (149)
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
2015
30 June
2014
31 December
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
30 June
2015
6 months
30 June
2014
Year ended
31 December
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 period 59,411 199,148 199,148
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