Typo correction to Final Results

Airea

05/03/2020 17:47

RNS Number : 2069F

Airea PLC

05 March 2020

 

The following amendment has been made to the 'Final results for the year ended 31st December 2019' announcement released on 5 March 2020 at 07:00 under RNS No 0570F.

In the consolidated Balance Sheet there was duplication of the heading 'Deferred tax' under Non-current liabilities. The second reference to 'Deferred tax' under Non-current liabilities in the previous announcement now reads 'Loans and borrowings'.

 All other details remain unchanged. The full amended consolidated balance sheet is shown below.

Airea plc

Final results for the year ended 31st December 2019

Consolidated Balance Sheet

Year ended 31 December 2019

2019
2019
2018
2018
£'000
£'000
£'000
£'000
Non-current assets
Property, plant and equipment
4,229
5,108
Intangible assets
39
95
Investment property
3,600
3,400
Deferred tax asset
847
1,466
Right-of-use-asset
1,233
-
_______
_______
9,948
10,069
Current assets
Inventories
5,461
6,797
Trade and other receivables
2,112
2,330
Cash and cash equivalents
2,957
2,732
_______
_______
10,530
11,859
_______
_______
Total assets
20,478
21,928
_______
_______
Current liabilities
Trade and other payables
(2,412)
(3,571)
Provisions
(320)
(320)
Lease liabilities
(329)
(187)
Loans and borrowings
(562)
-
_______
_______
(3,623)
(4,078)
Non-current liabilities
Deferred tax
(457)
(305)
Pension deficit
(1,472)
(3,688)
Lease liabilities
(323)
(323)
Loans and borrowings
(724)
-
_______
_______
(2,976)
(4,316)
_______
_______
Total liabilities
(6,599)
(8,394)
_______
_______
Net assets
13,879
13,534
_______
_______
Equity
Called up share capital
10,339
10,339
Share premium account
504
504
Own shares
(1,839)
-
Share based payment reserve
85
-
Capital redemption reserve
3,617
3,617
Revaluation reserve
3,048
3,096
Retained earnings
(1,875)
(4,022)
_______
_______
Total equity
13,879
13,534
_______
_______


 

Enquiries:

Neil Rylance                                                                                                                              01924 266561

Chief Executive Officer

 

Paul Stevenson                                                                                                                         01924 266561

Group Finance Director

 

Peter Steel / Ben Farrow                                                                                                            020 7496 3061

N+1 Singer

 

 

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