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 increased to
On the 15th
Post Balance Sheet Events
There have been no material events, transactions or developments within the post balance sheet period.
The Company is pleased to report that Yicom has continued to increase its network and sales volumes. The growth is represented by increased sales in
The Company continues to seek further acquisitions that meet its investment criteria and intend to raise additional monies in the future to fund suitable investment opportunities.
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
6 months to 6 months to 28 February 2018 29 February 2017 CONTINUING OPERATIONS GBP GBP TURNOVER/DIVIDEND INCOME 16,014 - OTHER INCOME - - ADMINISTRATIVE EXPENSES (88,348) (49,820) OTHER OPERATING EXPENSES (34,342) (16,331) FINANCE COSTS (3,189) (640) (LOSS) BEFORE TAX (109,865) (66,791) INCOME TAX - (LOSS) FOR THE YEAR / PERIOD (109,865) (66,791) 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 (109,865) (66,791) BASIC AND DILUTED LOSS PER SHARE (0.01)p (0.01)p 6 months to 6 months to CONSOLIDATED STATEMENT OF FINANCIAL POSITION 28 February 2018 29 February 2017 AS AT
28 FEBRUARY 2017GBP GBP INVESTMENTS Available-for-sale financial assets 1,013,769 594,436 CURRENT ASSETS Trade and other receivables 6,127 6,086 Cash and cash equivalents 428,837 46,927 Other Recievables 98,361 - 533,325 53,013 CURRENT LIABILITIES Trade and other payables 100 (8,450) Accrued Expenses 5,250 (5,350) (8,450) NET CURRENT ASSETS / (LIABILITIES) 527,975 44,563 NET ASSETS 1,541,744 638,999 REPRESSENTING:- Share capital 972,123 809,623 Share premium 1,496,090 683,590 2,468,213 1,493,213 Fair value reserve 133,364 49,031 Accumulated losses (1,059,833) (903,245) SHAREHOLDERS FUNDS 1,541,744 638,999
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
NEX EXCHANGE CORPORATE ADVISER:
Telephone: +44 (0) 20 7448 9820