Ross Group PLC Half Yearly Report

Ross

28/08/2009 13:28

TIDMRGP

RNS Number : 2089Y
Ross Group PLC
28 August 2009

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| Ross Group Plc Half Yearly Financial Report |
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| HALF YEARLY FINANCIAL REPORT |
| FOR THE SIX MONTHS ENDED 30 JUNE 2009 |
| Financial Summary (6 months to 2009 2008 |
| 30 June 2009) |
| GBP'000 Change |
| GBP'000 |
| Group Revenue 25 666 (96%) |
| Gross Profit/(Loss) (143) 3 (4,867%) |
| (Loss) before tax (143) (262) 45% |
| Basic earnings per share (0.11p) (0.19p) (42%) |
| Diluted earnings per share (0.11p) (0.19p) (42%) |
| CONDENSED CONSOLIDATED INCOME |
| STATEMENT UNAUDITED |
| 6 months 6 months Year |
| Ended |
| ended 30 ended 30 31 Dec |
| June June |
| 2009 2008 2008 |
| GBP'000 GBP'000 GBP'000 |
| Group Revenue |
| Continuing Operations 25 42 42 |
| Discontinuing Operations 0 624 0 |
| Operating Profit / (Loss) |
| Continuing Operations (143) 34 (395) |
| Discontinuing Operations 0 (31) 0 |
| Profit / (Loss) before Finance (143) 3 (395) |
| Cost |
| Finance Cost 0 (265) (660) |
| (Loss) before Taxation (143) (262) (1,055) |
| Taxation 0 0 0 |
| (Loss) for the Period (143) (262) (1,055) |
| Earnings per share (pence) (0.11) (0.19) (0.77) |
| Adjusted earnings per share (0.11) (0.19) (0.77) |
| (pence) |
| Share Accumulated Other Total |
| Capital Losses Reserves |
| GBP'000 GBP'000 GBP'000 GBP'000 |
| Balance at 1 Jan 2008 11,136 (31,600) 17,701 (2,763) |
| Exchange profit/(loss) on |
| retranslation of subsidiary |
| (Loss) for the period (262) (262) |
| Total recognised income (262) (262) |
| Balance at 30 June 2008 11,136 (31,862) 17,701 (3,025) |
| Balance at 1 July 2008 11,136 (31,862) 17,701 (3,025) |
| Exchange profit/(loss) on (2,704) (2,704) |
| retranslation of subsidiary |
| (Loss) for the period (793) (793) |
| Total recognised income (3,497) (3,497) |
| Balance at 31 Dec 2008 11,136 (35,359) 17,701 (6,522) |
| Balance at 1 Jan 2009 11,136 (35,359) 17,701 (6,522) |
| Exchange profit/(loss) on 819 819 |
| retranslation of subsidiary |
| (Loss) for the period (143) (143) |
| Total recognised income 676 676 |
| Balance at 30 June 2009 11,136 (34,683) 17,701 (5,846) |
| 6 months 6 months Year Ended |
| ended 30 ended 30 31 Dec |
| June June |
| 2009 2008 2008 |
| GBP'000 GBP'000 GBP'000 |
| Non Current Assets 0 0 0 |
| Current Assets |
| Inventories 0 0 0 |
| Trade and Other Receivables 388 252 247 |
| Cash and Cash Equivalents 0 9 5 |
| |
| 388 261 252 |
| Total Assets 388 261 252 |
| Equity and Liabilities |
| Shareholders' Equity |
| Share Capital 11,136 11,136 11,136 |
| Share Premium Account 2,317 2,317 2,317 |
| Other Reserves 15,384 15,384 15,384 |
| Retained Earnings (34,683) (34,911) (35,359) |
| Total Equity (5,846) (6,074) (6,522) |
| Non-Current Liabilities |
| Long Term Borrowings (Group) 0 0 0 |
| Current Liabilities |
| Trade and Other Payables 6,233 6,128 6,574 |
| Bank Overdraft and Loans 1 207 200 |
| Total Liabilities 6,234 6,335 6,774 |
| Total Equity and Liabilities 388 261 252 |
| 6 months 6 months Year |
| Ended |
| ended 30 ended 30 31 Dec |
| June June |
| 2009 2008 2008 |
| GBP'000 GBP'000 GBP'000 |
| Net Cash From/(Used In) Operating 194 (30) (4) |
| Activities |
| Net Cash Used In Investing 0 0 0 |
| Activities |
| Cash Flows From Financing |
| Activities |
| Net Increase/(Decrease) In (200) 28 0 |
| Borrowings |
| Net Cash Flow Used In Financing (200) 28 0 |
| Activities |
| Net Increase/(Decrease) In Cash and (6) (2) (4) |
| Cash Equivalents |
| Cash and Cash Equivalent at 5 11 9 |
| Beginning of Period |
| Cash and Cash Equivalent at End of (1) 9 5 |
| Period |
| 6 months 6 months Year Ended |
| ended 30 ended 30 31 Dec |
| June June |
| 2009 2008 2008 |
| GBP'000 GBP'000 GBP'000 |
| Operating Loss On Continuing (143) (34) (395) |
| Activities |
| Depreciation and Amortisation 0 0 0 |
| Decrease/(Increase) In Inventories 0 3 3 |
| Decrease/(Increase) In Trade and (141) 419 424 |
| Other Receivables |
| Increase/(Decrease) In Trade and (341) (358) 239 |
| Other Payables |
| Elimination of GEL Balances 0 0 385 |
| Profit on Translation of Subsidiary 819 0 0 |
| Net Cash Generated From Operations 194 (30) 656 |
| 6 months 6 months Year Ended |
| ended 30 ended 30 31 Dec |
| June June |
| 2009 2008 2008 |
| GBP'000 GBP'000 GBP'000 |
| Share Premium Account |
| Brought Forward 2,317 2,317 2,317 |
| Movement 0 0 0 |
| Carried Forward 2,317 2,317 2,317 |
| Other Reserves |
| Brought Forward 15,384 15,384 15,384 |
| Movement 0 0 0 |
| Carried Forward 15,384 15,384 15,384 |
| Retained Earnings |
| Brought Forward (35,359) (34,649) (31,600) |
| (Loss) for the Period (143) (262) (1,055) |
| Profit/(Loss) on Translation of 819 0 (2,704) |
| Subsidiary |
| Carried Forward (34,683) (34,911) (35,359) |
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