Ross Group PLC Ross Announces Half Year Results

Ross

31/08/2010 11:31

TIDMRGP

RNS Number : 8660R
Ross Group PLC
31 August 2010

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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 2010 |
| |
| Financial Summary (6 months 2010 2009 |
| to 30 June 2010) |
| GBP'000 GBP'000 Change |
| Group Revenue 65 25 160% |
| Gross Profit/(Loss) 21 (143) 115% |
| Profit/(Loss) before tax 21 (143) 115% |
| Basic earnings per share 0.02p (0.11p) 115% |
| Diluted earnings per share 0.02p (0.11p) 115% |
| CONDENSED CONSOLIDATED |
| INCOME STATEMENT UNAUDITED |
| |
| 6 months 6 Year |
| months Ended |
| ended 30 ended 31 Dec |
| June 30 |
| June |
| 2010 2009 2009 |
| GBP'000 GBP'000 GBP'000 |
| Group Revenue |
| Continuing Operations 65 25 44 |
| Discontinuing Operations 0 0 0 |
| Operating Profit / (Loss) |
| Continuing Operations 27 (143) 55 |
| Discontinuing Operations 0 0 0 |
| Profit / (Loss) before 27 (143) 55 |
| Finance Cost |
| Finance Cost (6) 0 (3) |
| (Loss) before Taxation 21 (143) 52 |
| Taxation 0 0 0 |
| (Loss) for the Period 21 (143) 52 |
| Earnings per share (pence) 0.02 (0.11) 0.04 |
| Adjusted earnings per share 0.02 (0.11) 0.04 |
| (pence) |
| Share Accumulated Other Total |
| Capital Losses Reserves |
| GBP'000 GBP'000 GBP'000 GBP'000 |
| Balance at 1 Jan 2009 11,136 (35,359) 17,701 (6,522) |
| Exchange Profit/(loss) 819 819 |
| on retranslation of |
| subsidiary |
| (Loss) for the period (143) (143) |
| Total recognised income 676 (143) |
| Balance at 30 June 2009 11,136 (34,683) 17,701 (5,846) |
| Balance at 1 July 2009 11,136 (34,683) 17,701 (5,846) |
| Exchange Profit/(loss) (819) (819) |
| on retranslation of |
| subsidiary |
| Profit for the period 195 195 |
| Total recognised income (624) (624) |
| Balance at 31 Dec 2009 11,136 (35,307) 17,701 (6,470) |
| Balance at 1 Jan 2010 11,136 (35,307) 17,701 (6,470) |
| (Loss) for the period 21 21 |
| Total recognised income 21 21 |
| Balance at 30 June 2010 11,136 (35,286) 17,701 (6,449) |
| 6 6 Year |
| months months Ended |
| ended ended 31 Dec |
| 30 June 30 June |
| 2010 2009 2009 |
| GBP'000 GBP'000 GBP'000 |
| Non Current Assets 0 0 0 |
| Current Assets |
| Inventories 0 0 0 |
| Trade and Other 166 388 216 |
| Receivables |
| Cash and Cash 78 0 12 |
| Equivalents |
| 244 388 228 |
| Total Assets 244 388 228 |
| 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 (35,286) (34,683) (35,307) |
| Total Equity (6,449) (5,846) (6,470) |
| Non-Current Liabilities |
| Long Term Borrowings 0 0 0 |
| (Group) |
| Current Liabilities |
| Trade and Other Payables 6,693 6,233 6,698 |
| Bank Overdraft and Loans 0 1 0 |
| Total Liabilities 6,693 6,234 6,698 |
| Total Equity and 244 388 228 |
| Liabilities |
| 6 6 Year |
| months months Ended |
| ended ended 31 Dec |
| 30 June 30 |
| June |
| 2010 2009 2009 |
| GBP'000 GBP'000 GBP'000 |
| Net Cash From/(Used In) 66 194 (59) |
| Operating Activities |
| Net Cash Used In Investing 0 0 0 |
| Activities |
| Cash Flows From Financing 66 |
| Activities |
| Net Increase/(Decrease) In (200) 0 |
| Borrowings |
| Net Cash Flow Used In (200) 66 |
| Financing Activities |
| Net Increase/(Decrease) In 66 (6) 7 |
| Cash and Cash Equivalents |
| Cash and Cash Equivalent at 12 5 5 |
| Beginning of Period |
| Cash and Cash Equivalent at 78 (1) 12 |
| End of Period |
| 6 months 6 Year |
| months Ended |
| ended 30 ended 31 Dec |
| June 30 June |
| 2010 2009 2009 |
| GBP'000 GBP'000 GBP'000 |
| Operating Profit/(Loss) On 21 (143) 52 |
| Continuing Activities |
| Depreciation and Amortisation 0 0 0 |
| Decrease/(Increase) In 0 0 0 |
| Inventories |
| Decrease/(Increase) In Trade 50 (141) 31 |
| and Other Receivables |
| Increase/(Decrease) In Trade (5) (341) (76) |
| and Other Payables |
| Profit on translation of 819 |
| Subsidiary |
| Net Cash Generated From 66 194 7 |
| Operations |
| 6 months 6 Year |
| months Ended |
| ended 30 ended 31 Dec |
| June 30 June |
| 2010 2009 2009 |
| 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 (35,307) (35,359) (35,339) |
| Profit/(Loss) for the Period 21 (143) 52 |
| Profit/(Loss) on Translation of 819 |
| Subsidiary |
| Carried Forward (35,286) (34,683) (35,307) |
| |
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