All Star Minerals Plc - Half-year Report PR Newswire

ALL STAR MINERALS PLC

Interim Results to 30 June 2019

Chairman's Statement

Update

The Board reports that the Company over the past six month recorded a reduced loss for the period. The Company still maintains a shareholding in NQ Minerals at the end of the period.

All Star’s continued strategy is to review potential opportunities in order to enhance shareholder value.

Financials

The financial results for the period from 1 January 2019 to 30 June 2019 shows a loss after taxation attributable to equity holders of £36,551. The basic loss per share was 0.01p and is equal to the same period last year.

The Company is carefully managing its working capital position and may need to raise further capital in future.

Outlook

The Board will provide a further update in due course.

Tomas Nugent

Executive Chairman

27 September 2019

ALL STAR MINERALS PLC
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
SIX MONTHS ENDED 30 JUNE 2019


                              Unaudited           Audited             Unaudited
                   6 month period ended        year ended  6 month period ended
                           30 June 2019  31 December 2018          30 June 2018
                                    GBP               GBP                   GBP

Revenue                               -                 -                     -

Administrative                 (53,761)          (85,719)              (51,943)
expenses

Other operating                       -             1,350                     -
income

Finance income/                  17,210          (26,000)              (13,000)
(costs)

LOSS BEFORE TAX                (36,551)         (110,369)              (64,943)

Income tax expense                    -                 -                     -

LOSS FOR THE                   (36,551)         (110,369)              (64,943)
PERIOD/YEAR

Attributable to:

Equity holder of               (36,551)         (110,369)              (64,943)
the parent

LOSS PER SHARE

Basic & diluted                  (0.01)            (0.01)                (0.01)
(pence per share)



ALL STAR MINERALS PLC
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2019


                                Unaudited              Audited        Unaudited
                          at 30 June 2019  At 31 December 2018  At 30 June 2018
                                                           GBP
                                      GBP                                   GBP

CURRENT ASSETS

Trade and other                         -                    -                -
receivables

Cash and cash equivalents          30,275                7,935            9,001

FVOCI asset                       135,360              579,553          579,553

                                  165,635              587,488          588,554

TOTAL ASSETS                      165,635              587,488          588,554

EQUITY PLUS NON-CONTROLLING INTEREST

ISSUED SHARE CAPITAL AND RESERVES

Share capital                     428,433              428,433          428,433

Share premium                   1,773,610            1,773,610        1,773,610

Reserves                          576,675              886,039          886,039

Retained profits              (3,039,914)          (3,003,363)      (2,957,937)

Foreign exchange                        -                    -                -

SUBSCRIBED CAPITAL              (261,196)               84,719          130,145

TOTAL EQUITY                    (261,196)               84,719          130,145

CURRENT LIABILITIES

Trade and other payables          426,831              502,769          458,409

TOTAL EQUITY AND                  165,635              587,488          588,554
LIABILITIES



Notes:

1. The financial information for both the six months ended 30 June 2019 and the six months ended 30 June 2018 has not been audited. The financial information contained in the interim report does not constitute statutory accounts as defined in Section 434 of the Companies Act 2006.

2. Basic loss per share has been calculated using the weighted average number of shares of 1,130,474,743 (31.12.18: 1,130,474,743; 30.6.18: 1,130,474,743). The weighted average number of shares including dilutive instruments does not affect the diluted earnings per share calculation.

3. The Directors of the issuer accept full responsibility for this announcement.

The Directors of All Star are responsible for the contents of this announcement.

ENQUIRIES:

All Star Minerals Plc
Tomas Nugent
Chairman
07963-455663

NEX Corporate Adviser
Cairn Financial Advisers LLP
Liam Murray
0207 213-0880