REG - AFC Energy Plc - Interim Results <Origin Href="QuoteRef">AFEN.L</Origin> - Part 2

AFC EnergyAnnouncement

02/06/2016 07:07

- Part 2: For the preceding part double click  ID:nRSB9428Za 

April 2016               23,965                  64,587                            11,044          99,596       
                                                                                                                          
    At 30 April 2015               22,084                  479,474                           6,300           507,858      
                                                                                                                          
    At 31 October 2015             47,930                  53,999                            14,399          116,328      
 
 
53,999 
 
14,399 
 
116,328 
 
 7  Trade and other receivables  30 April   30 April   31 October  
                                 2016       2015       2015        
                                 £          £          £           
                                 Unaudited  Unaudited  Audited     
    Current                                                        
    R&D tax credits receivable   1,218,452  619,278    718,023     
    EU grants receivable         2,342,625  1,074,564  2,513,395   
    Other receivables            251,217    863,116    226,922     
                                 3,812,294  2,556,958  3,458,340   
                                                                   
                                                                   
                                                                   
 
 
 8  Share capital                             30 April   30 April   31 October  
                                              2016       2015       2015        
                                              £          £          £           
                                              Unaudited  Unaudited  Audited     
    Issued                                                                      
    308,343,943 Ordinary shares of 0.1p each  308,344    289,012    289,904     
 
 
289,904 
 
 9  Trade and other payables  30 April   30 April   31 October  
                              2016       2015       2015        
                              £          £          £           
                              Unaudited  Unaudited  Audited     
                                                                
    Trade payables            421,217    211,232    1,066,600   
    Deferred income           228,020    -          115,698     
    Other payables            77,394     352,245    319,483     
    Accruals                  80,088     12,046     171,778     
                              806,719    575,523    1,673,559   
 
 
1,673,559 
 
Related-party Transactions 
 
During the six months ended 30 April 2016: 
 
- £20,100 (ex VAT) was invoiced by Locana Corporation Ltd (a company
registered in England & 
 
Wales) for consultancy services (April 2015: £ 20,891). Mr Tim Yeo is a
Director and shareholder of Locana Corporation Ltd. At 30 April 2016, the sum
owing to Locana Corporation Ltd was 
 
£3,350 (April 2015: £3,350). 
 
- £68,155 was invoiced by Linc Energy Ltd (a company registered in Australia)
for the services of Adam Bond as Director and CEO of AFC Energy plc (April
2015: £91,881). Linc Energy Ltd was, until 30 September 2015, a major
shareholder in the Company. At 30 April 2016 the amount owing to Linc Energy
Ltd was nil (April 2015: £29,610). 
 
Publication of Non-Statutory Accounts 
 
The financial information contained in this interim statement does not
constitute accounts as defined by the Companies Act 2006. The financial
information for the preceding period is based on the statutory accounts for
the year ended 31 October 2015. Those accounts, upon which the auditors issued
an unqualified opinion, have been delivered to the Registrar of Companies. 
 
Copies of the interim statement  may be obtained from the Company Secretary,
AFC Energy PLC, Unit 71.4 Dunsfold Park, Cranleigh, Surrey GU6 8TB, and can be
accessed from the company's website at www.afcenergy.com. 
 
This information is provided by RNS
The company news service from the London Stock Exchange