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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Globe Capital Limited | AQSE:GCAP | Aquis Stock Exchange | Ordinary Share | KYG394391158 | Ordinary shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.275 | 0.25 | 0.30 | 0.275 | 0.275 | 0.275 | 0.00 | 06:57:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGCAP Globe Capital Limited ("Globe Capital" or the "Company") Audited Annual Results for the year ended 31 December 2017 Globe Capital Limited (NEX: GCAP) is pleased to announce its audited annual results for year ended 31 December 2017. Chairman's Statement I am pleased to report the final audited results for the year ended 31 December 2017 of Globe Capital Limited ("the Company"). Financial performance The turnover for the year was nil (2016: nil) and the loss was GBP88,741 (2016: GBP 124,394). The loss per share was 0.05 pence (2016: 0.07 pence). In the past year, the Directors have kept operational costs at a minimum. Review of operations The Company's investment strategy is to seek medium-to-long term investments in businesses that exhibit growth potential. The Company intends to be an active investor in situations where the Company can make a clear contribution to the growth and development of the investment. The Company's shares are traded on NEX EXCHANGE Growth Market. Board changes During the year under review, Gary Willinge left the Company. I would like to thank him all for his past service to the Company. I am pleased to announce Darren Edmonston joined the board and hope his experience and knowledge continues to prove to be of great value to the business. Future prospects At the start of the 2018, the Company raised GBP500,000 in new equity and has opened an office in the United Arab Emirates, with the company setting up a marketing consultancy business under the name Vogel Marketing Consultants FZE and to further encourage the growth within Sterling Craig Limited. The Directors are see opportunities to promote UK and EU companies within the gulf region. I hope to be able to give further news of these developments in the near future. David Barnett Chairman 31 May 2018 The directors of Globe Capital Limited accept responsibility for this announcement. For further information: Globe Capital Limited Christopher Neo, Company Secretary +44 (0)20 3286 6388 http://www.globecapitalltd.com/ NEX EXCHANGE CORPORATE ADVISER: Alexander David Securities Limited David Scott - Corporate Finance James Dewhurst - Institutional Sales Telephone: +44 (0) 20 7448 9820 http://www.ad-securities.com 49 Queen Victoria Street, London EC4N 4SA GLOBE CAPITAL LIMITED CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 DECEMBER 2017 Audited Audited Year ended Year ended 31 December 31 December 2017 2016 GBP GBP Revenue - - Other Income 1 - Administrative Expenses (88,742) (124,394) Profit / (Loss) Before Income Tax (88,741) (124,394) Income Tax - - Profit / (Loss) for the period attributable (88,741) (129,394) to equity holders Earnings / (Loss) per share (0.05p) (0.07p) Basic & Diluted (pence) GLOBE CAPITAL LIMITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 DECEMBER 2017 Audited Audited Year ended Year ended 31 December 31 December 2017 2016 GBP GBP Non-current Assets Property, plant and equipment - - Investment in a subsidiary 1,150 1,150 Investment in an associate 12,500 12,500 Total Non-current Assets 13,650 13,650 Current assets Trade and other receivables 7,159 6,996 Cash and cash equivalents 57,531 5,576 Total Current Assets 64,690 12,572 Current Liabilities Trade and other payables 174,411 19,771 Amount due to a shareholder - 94 174,411 19,865 Net Current Liabilities (109,721) (7,293) Net Assets (96,071) 6,357 Non-current liabilities Accruals - 11,532 Amounts due to directors 32,397 13,137 Amount due to a shareholder 13,585 35,000 45,982 59,669 Net Liabilities (142,053) (53,312) Shareholders' Equity Called Up Share Capital 638,428 638,428 Retained Earnings (691,740) (780,481) Total Equity (142,053) (53,312) GLOBE CAPITAL LIMITED CONSOLIDATED STATEMENT OF CASH FLOW For the year ended 31 DECEMBER 2017 Audited Audited Year ended Year ended 31 December 31 December 2017 2016 GBP GBP Profit/(Loss) before tax (88,741) (124,394) Adjustment: Other income 1 - Depreciation - 5,631 Operating profit/(loss) (88,742) (118,763) Cash flows from operating activities (Increase)/decrease in trade and other (163) (6,945) receivables Increase/(decrease) in trade and other payables (143,108) (33,908) Amounts due to directors 19,260 13,137 Cash utilised in operations (73,463) (146,479) Cash flows from investing activities Acquisition of a subsidiary - (1,150) Acquisition of an associate - (12,500) Bank interest received 1 - Net cash (used in) from investing activities 1 (13,650) Cash flows from financing activities Proceeds from issuance of shares - 120,345 Amount due to a shareholder (21,509) 35,094 Net cash from financing activities (21,509) 155,439 Net decrease in cash and cash equivalents 51,955 (4,690) Cash and cash equivalents at the beginning of 5,576 10,266 the period Cash and cash equivalents at end of period 57,531 5,576 END
(END) Dow Jones Newswires
May 31, 2018 09:51 ET (13:51 GMT)
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