REG - UK Oil & Gas Inv PLC - Unaudited results for the 6 months ended 31 March <Origin Href="QuoteRef">UKOGa.L</Origin> - Part 2

UK Oil & GasAnnouncement

16/07/2015 12:20

- Part 2: For the preceding part double click  ID:nRSX0194Ra 

                                 
                                                                                                                                                                                                                 
 Loss for the period                                                -              -              -                            -                    (383)              (383)                                     
 Other comprehensive income:                                                                                                                                                                                     
 Transfer of unrealised gain to income statement                    -              -              -                            (44)                 -                  (44)                                      
 Total comprehensive income for the period                          -              -              -                            (44)                 (383)              (427)                                     
 Shares issued                                                      27             2,533          -                            -                    -                  2,560                                     
 Share issue costs                                                  -              (120)          -                            -                    -                  (120)                                     
 Share options lapsed                                               -              -              -                            -                    -                  -                                         
 Share based payments                                               -              -              -                            -                    -                  -                                         
 Total contributions by and distributions to owners of the Company  27             2,413          -                            -                    -                  2,440                                     
 Balance at 31 March 2015                                           11,753         25,605         351                          -                    (32,044)           5,665                                     
 
 
Statement of Cash Flows (Unaudited)
for the six months ended 31 March 2015 
 
                                                      Six months    Six months         Year                  
                                                      ended         ended              ended                 
                                                      31 March      31 March           30 September 2014     
                                                      2015          2014 (unaudited)    (audited)            
                                                      (unaudited)                                            
                                                      
                                                      
                                                      
                                                      
                                                      £'000         £'000              £'000                 
 Cash flows from operating activities                                                                        
 Operating (loss)                                     (421)         (290)              (889)                 
 (Increase) in trade and other receivables            (196)         (469)              (1,044)               
 (Decrease)/Increase in trade and other payable       (584)         139                375                   
 Share based payment charge                           -             101                351                   
                                                                                                             
 Cash generated by operating activities               (1,201)       (519)              (1,207)               
                                                                                                             
 Cash flows from investing activities                                                                        
 Payments to acquire derivative financial instrument  -             (250)              (1,200)               
 Loans advanced to investee companies                 -             -                  (370)                 
 Payments to acquire available for sale investments   (590)         -                  -                     
 Net payments to acquire intangible assets            (1,483)       (818)              -                     
 Loans advanced from/(to) subsidiary                  -             -                  -                     
                                                                                                             
 Net cash outflow from investing activities           (2,073)       (1,068)            (1,570)               
                                                                                                             
 Cash flows from financing activities                                                                        
 Proceeds from issuance of ordinary shares            2,208         1,757              4,129                 
 Share issue costs                                    (120)         (7)                (212)                 
 Proceeds from borrowings                             621           -                  -                     
 Repayment of borrowings                              (216)         -                  -                     
 Interest paid                                        (19)          -                  -                     
 Payments to acquire derivative financial instrument  -             -                  (250)                 
 Receipts from settlements of financial instrument    201           -                  92                    
                                                                                                             
 Net cash inflow from financing activities            2,675         1,750              3,759                 
                                                                                                             
 Net increase in cash and cash equivalents            (599)         163                982                   
                                                                                                             
 Cash and cash equivalents at beginning of period     982           -                  -                     
                                                                                                             
 Cash and cash equivalents at end of period           383           163                982                   
 
 
Notes to the half-yearly results 
 
1.         Basis of preparation 
 
As permitted IAS 34, 'Interim Financial Reporting' has not been applied to
these half-yearly results. The financial information of the Company for the
six months ended 31 March 2015 have been prepared in accordance with the
recognition and measurement principles of International Financial Reporting
Standards, International Accounting Standards and Interpretations
(collectively "IFRS") issued by the International Accounting Standards Board
("IASB") as adopted by the European Union ("adopted IFRS") and are in
accordance with IFRS as issued by the IASB. The condensed interim financial
information has been prepared using the accounting policies which will be
applied in the Company's statutory financial statements for the period ending
31 December 2015. 
 
The financial information shown in this publication is unaudited and does not
constitute statutory accounts as defined in Section 434 of the Companies Act
2006. The comparative figures for the financial year ended 30 September 2014
have been derived from the statutory accounts for30 September 2014.  The
statutory accounts have been delivered to the Registrar of Companies.  The
auditors have reported on those accounts; their report was unqualified and did
not contain statements under the section 498(2) or 498(3) of the Companies Act
2006. 
 
2.         (Loss) per share 
 
The calculation of the basic and diluted (loss) per share is based upon 
 
                                                                                  Six months     Six months         Year                  
                                                                                  ended          ended              ended                 
                                                                                  31 March       31 March           30 September 2014     
                                                                                  2015           2014 (unaudited)    (audited)            
                                                                                  (unaudited)                                             
                                                                                  
                                                                                  
                                                                                  
                                                                                  
                                                                                  £'000          £'000              £'000                 
 (Loss) attributable to ordinary shareholders                                     (379)          (290)              (907)                 
                                                                                                                                          
                                                                                  Number         Number             Number                
 Weighted average number of ordinary shares for calculating basic loss per share  1,624,785,121  576,926,583        841,904,149           
                                                                                  Pence          Pence              Pence                 
 Basic and diluted loss per share                                                 (0.02)         (0.05)             (0.11)                
                                                                                                                                          
 
 
Note: the EPS for the 6 months to 31 March 2014, has taken account of the
Capital re-organisation which occurred on 25 November 2013. 
 
3.         Availability of the Interim Report 
 
Copies of the report will be available from the Company's registered office
and also from the Company's website www.ukogplc.com 
 
This information is provided by RNS
The company news service from the London Stock Exchange