Rogue Baron Plc - Audited Annual Accounts to 31 December 2021
Announcement provided by
Rogue Baron Plc · SHNJ30/06/2022 17:38
For Immediate Release
30 June 2022
ROGUE BARON PLC
(“Rogue Baron”, ”Rogue”, “The Group” or “The Company”)
Audited Annual Accounts to 31 December 2021
Rogue Baron PLC (AQSE: SHNJ), a leading company in the premium spirit sector is pleased to announce its audited results for the year ended 31 December 2021.
The Company's annual report and accounts will be dispatched to shareholders shortly and will be available on the website at https://roguebaron.com/.
Rogue Baron PLC
DIRECTOR’S STATEMENT & STRATEGIC REPORT
For the year ended 31 December 2021
Rogue Baron plc listed on the AQSE Growth Market of the Aquis Stock Exchange on 12 March 2021 and has made substantial progress towards the goals it set out for 2021. In spite of significant global challenges continuing from the Covid pandemic, the Company has continued to grow and persevere.
Shortly after listing on the AQSE Growth Market one of the Company’s key goals was to enable cross trading on a
Since listing, Rogue has placed Shinju into seven new
ReserveBar alone delivers to 35 states.
Rogue’s strategy in marketing Shinju is to focus more on an organic approach while letting the quality of the product create the traction and employ a salesforce for direct contact with our customers. This approach is proving successful as requests from new markets and accounts continue to drive the product forward. Liquor.com awarded Shinju as one of the ’10 best Japanese Whiskies to drink in 2020’ and we were pleased that it was again awarded as ‘one of the best’ in 2021.
Shinju has recently won double gold at Sante International Spirits competition, where it was one of only two brands to receive a perfect score of 100, a silver Medal from The Fifty Best, and gold Medal at the John Barleycorn Awards.
In 2019 the Company sold 1,000 cases of Shinju. In 2020, despite the Covid shutdowns, the Company doubled the cases sold to 2,000. In 2021 the company sold 3,500 cases. This number would have been more other than for the ongoing issues in
In 2022 the Company plans to make a big marketing push to increase the velocity and turnover in its current markets, while also expanding into new markets. New distribution deals have already been announced in the
As part of its
Included in the
2021 was a difficult time for the bar/restaurant industry as the initial end of lockdown proved to be a false dawn in
Results for the year
The loss before tax attributable to shareholders for the year amounted to
Net assets have increased from
Auditor Opinion
Given a qualified opinion in the audit report, quarterly management statements will be released in each quarter until an audit report is published without qualification.
Key performance indicators
Due to the size of the Group, the Group currently monitors progress with particular reference to the following key performance indicators:
Revenue
Revenue from the sales of Shinju has increased from
Loss before taxation
The loss before taxation increased from
The Directors of the Company accept responsibility for the contents of this announcement.
Hamish Harris
Chairman
30 June 2022
Rogue Baron PLC
For further information, please contact:
The Company
Ryan Dolder
AQSE Corporate Adviser:
Peterhouse Capital Limited
Guy Miller +44 (0) 20 7469 0936
AQSE Corporate Broker:
Peterhouse Capital Limited
Lucy Williams +44 (0) 20 7469 0936
GROUP STATEMENT OF COMPREHENSIVE INCOME
For the year ended 31 December 2021
Year ended | Year ended | |||
2021 | 2020 | |||
$’000 | $’000 | |||
Revenue | 299 | 15 | ||
Cost of sales | (236) | (10) | ||
Gross Profit | 63 | 5 | ||
IPO and costs | (358) | (216) | ||
Payments made in shares | (440) | - | ||
Other administrative expenses | (590) | (69) | ||
Total administrative expenses | (1,388) | (285) | ||
Share of loss in associate company | (72) | - | ||
Loss from continuing operations | (1,397) | (280) | ||
Finance cost | (15) | (50) | ||
Loss before and after taxation from continuing operations | (1,412) | (330) | ||
Profit/(loss) on discontinued operations | 76 | (55) | ||
Exchange difference on translating foreign operations | (37) | (140) | ||
Total comprehensive loss for the year, attributable to owners of the company | (1,373) | (525) | ||
Profit/(loss) attributable to | ||||
Non-controlling shareholders | 36 | (24) | ||
Equity holders of the parent | (1,372) | (361) | ||
(1,336) | (385) | |||
Total comprehensive loss attributable to | ||||
Non-controlling shareholders | 36 | (24) | ||
Equity holders of the parent | (1,409) | (501) | ||
(1,373) | (525) | |||
Total earnings per ordinary share | ||||
Basic and diluted loss per share (cents) from continuing operations | (1.78) | (1.80) | ||
Basic and diluted loss per share (cents) from discontinued operations | 0.10 | (0.30) |
GROUP statement of FINANCIAL POSITION
At 31 December 2021
31 December 2021 | 31 December 2020 | |||
ASSETS | $'000 | $'000 | ||
Non-current assets | ||||
Intangible assets | 3,826 | 3,826 | ||
Investment in associates | 64 | - | ||
3,890 | 3,826 | |||
Current assets | ||||
Inventory | 717 | 614 | ||
Cash and cash equivalents | 246 | 131 | ||
Trade and other receivables | 325 | 159 | ||
Total current assets | 1,288 | 904 | ||
Total assets | 5,178 | 4,730 | ||
LIABILITIES | ||||
Current liabilities | ||||
Trade and other payables | 39 | 240 | ||
Loans payable | 156 | 892 | ||
Net liabilities of discontinued operations | 189 | 160 | ||
Total current liabilities and total liabilities | 384 | 1,292 | ||
Liabilities falling due over one year | ||||
Loans | - | 441 | ||
- | 441 | |||
Total liabilities | 384 | 1,733 | ||
EQUITY | ||||
Share capital | 119 | 46 | ||
Share premium | 6,627 | 3,529 | ||
Exchange reserve | (177) | (140) | ||
Retained deficit | (1,734) | (361) | ||
Equity attributable to the equity holders of the Company | 4,835 | 3,074 | ||
Non-controlling interest | (41) | (77) | ||
Total equity | 4,794 | 2,997 | ||
Total equity and liabilities | 5,178 | 4,730 |
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