Globe Capital Limited - Interim Results for six months period to 30 June 2018
Announcement provided by
Globe Capital Limited · GCAP01/10/2018 08:00
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Interim Results for the six months period to
Chairman’s Statement
During the period the company raised an additional £500,000 in equity, before costs to enable the commencement of the process of setting up of a new office in
The company continues to seek medium to long term investments in businesses that exhibit growth potential. The Company continues to intend to be an active investor in situations where the Company can make a clear contribution to the growth and development of the investment.
28th
Chairman
Statement of Comprehensive Income
Six months ended
6 months 6 months Year ended
ended ended 31 December
30 June 2018 30 June 2017 2017
GBP '000 GBP '000 GBP '000
Revenue - - -
Other Income - - -
Gross Profit - - -
Administrative Expenses (113) (42) (89)
Profit / (Loss) from Operations (113) (42) (89)
Finance Costs - - -
Profit / (Loss) Before Taxation (113) (42) (89)
Taxation - - -
Other Comprehensive Loss - - -
Profit / (Loss) for the period (113) (42) (89)
Earning / (Loss) per share
Basic & Diluted (pence) (0.05)p (0.02)p (0.05)p
Balance Sheet as at
30 June 30 June 31 December
2018 2017 2017
GBP '000 GBP '000 GBP '000
Non-current assets
Property, plant and equipment 21 - -
Investments 14 14 14
Current assets
Prepayments 57 3 7
Cash and cash equivalents 169 6 58
Other debtors and receivables 126 - -
Total Assets 387 23 79
Current Liabilities
Trade and other payables 138 18 175
Accruals 44 23 -
Financial Liabilities - Borrowings - - -
Creditors: falling due after more than one year
Amounts due to directors 11 23 32
Amounts due to a shareholder - 54 14
Total Liabilities 193 118 221
Net Assets 194 (95) (142)
Shareholders' Equity
Share Capital 645 639 639
Reserves (451) (734) (781)
Total Equity 194 (95) (142)
Statement of Cash Flows
Period ended
6 months ended 6 months ended Year ended
30 June 2018 30 June 2017 31 December
2017
GBP '000 GBP '000 GBP '000
Profit/(Loss) before tax (113) (42) (89)
Adjustment:
Other income - - -
Depreciation - - -
Operating profit/(loss) (113) (42) (89)
Cash flows from operating activities
(Increase)/decrease in trade and other (177) 4 -
receivables
Increase/(decrease) in trade and other 7 5 (143)
payables
Amounts due to Directors (21) 15 19
Share based payments - -
Cash utilised in operations (304) (18) (73)
Cash flows from investing activities
Bank interest received - - -
Purchase of tangible assets (21) - -
Net cash from investing activities - -
Cash flows from financing activities
Issue of new shares 450 - -
Amounts due to a shareholder (14) 19 21
Net cash from financing activities 19 21
(Decrease)/increase in cash and cash 111 1 52
equivalents
Cash and cash equivalents at the 58 5 6
beginning of the period
Cash and cash equivalents at end of 169 6 58
period
Cash at Bank C/F 169 6 58
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 £113,000 (2017: loss £42,000) by the weighted average number of ordinary shares of 222,586,419 (2017: 189,253,085).
The directors of
For further information
Chairman
+1-855-280-6793
CORPORATE ADVISER AND CONTACT DETAILS:
Brian Stockbridge
First Sentinel Corporate Finance
Suite 12A
Mayfair, London
W1K 1NA
Tel +44 (0) 207 183 7405
E-mail: Brian@first-sentinel.com
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