Globe Capital Limited - Interim Results for the six months ended 30 June 2017
Announcement provided by
Globe Capital Limited · GCAP29/09/2017 14:21
Globe Capital Limited
("Globe Capital" or the "Company")
Interim Results for the six months period to
Chairman’s Statement
Globe Capital Limited is pleased to announce its unaudited interim results for the 6 months period to
The Company continues to seek medium to long term investments in businesses that exhibit growth potential. The Company intends to be an active investor in situations where the Company can make a clear contribution to the growth and development of the investment.
29th
Chairman
Globe Capital Limited
Statement of Comprehensive Income
Six months ended
6 months ended 6 months ended Year ended
30 June 2017 30 June 2016 31 December
2016
GBP '000 GBP '000 GBP '000
Revenue - - -
Other Income - - -
Gross Profit - - -
Administrative Expenses (42) (85) (124)
Profit / (Loss) from Operations (42) (85) (124)
Finance Costs - - -
Profit / (Loss) Before Taxation (42) (85) (124)
Taxation - - -
Other Comprehensive Loss - - -
Profit / (Loss) for the period (42) (85) (124)
Earning / (Loss) per share
Basic & Diluted (pence) (0.02)p (0.10)p (0.07)p
Globe Capital Limited
Balance Sheet as at
30 June 30 June 31 December
2017 2016 2016
GBP '000 GBP '000 GBP '000
Non-current assets
Property, plant and equipment - - -
Investments 14 14 14
Current assets
Prepayments 3 6 7
Cash and cash equivalents 6 4 5
Total Assets 23 24 26
Current Liabilities
Trade and other payables 18 38 20
Financial Liabilities - Borrowings - - -
Creditors: falling due after more than one year
Accruals 23 - 12
Amounts due to directors 23 - 13
Amounts due to a shareholder 54 - 35
Total Liabilities 118 38 79
Net Assets (95) (14) (53)
Shareholders' Equity
Share Capital 639 639 638
Reserves (734) (653) (692)
Total Equity (95) (14) (53)
Globe Capital Limited
Statement of Cash Flows
Period ended
6 months ended 6 months ended
30 June 2017 30 June 2016 Year ended
31 December
2016
GBP '000 GBP '000 GBP '000
Profit/(Loss) before tax (42) (85) (124)
Adjustment:
Other income - - -
Depreciation - 6 6
Operating profit/(loss) (42) (79) (118)
Cash flows from operating activities
(Increase)/decrease in trade and other 4 (6) (7)
receivables
Increase/(decrease) in trade and other 5 (27) (34)
payables
Amounts due to Directors 15 - 13
Share based payments - 20 -
Cash utilised in operations (18) (92) (146)
Cash flows from investing activities
Bank interest received - - -
Purchase of investments (14) (14)
Net cash from investing activities - (14) -
Cash flows from financing activities
Issue of new shares - 100 120
Amounts due to a shareholder 19 - 35
Net cash from financing activities 19 100 155
(Decrease)/increase in cash and cash 1 (6) (5)
equivalents
Cash and cash equivalents at the 5 10 10
beginning of the period
Cash and cash equivalents at end of 6 4 5
period
Cash at Bank C/F 6 4 5
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 £42,000 (2016: loss £85,000) by the weighted average number of ordinary shares of 189,253,085 (2016: 87,773,045).
The directors of Globe Capital Limited accept responsibility for this announcement.
For further information
Globe Capital Limited
+44 (0)20 3286 6388
NEX CORPORATE ADVISER AND CONTACT DETAILS:
Telephone: +44 (0) 20 7448 9820
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