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GCAP Globe Capital Limited

0.275
0.00 (0.00%)
21 May 2024 - Closed
Realtime Data
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 0.10 0.30 0.275 0.20 0.275 0.00 15:29:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Globe Capital Limited Interim Results for the six months ended 30 June 2017

29/09/2017 1:22pm

UK Regulatory


 
TIDMGCAP 
 
29 September 2017 
 
                             Globe Capital Limited 
 
                      ("Globe Capital" or the "Company") 
 
           Interim Results for the six months period to 30 June 2017 
 
Chairman's Statement 
 
Globe Capital Limited is pleased to announce its unaudited interim results for 
the 6 months period to 30 June 2017. Operational costs for the period amounted 
to GBP42k compared to GBP85k for the 6 months to June 2016. 
 
The Company continues 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. 
 
29th September 2017 
 
David Barnett 
Chairman 
 
Globe Capital Limited 
Statement of Comprehensive Income 
Six months ended 30 June 2017 
 
                                               6 months ended    6 months ended         Year ended 
                                                 30 June 2017      30 June 2016        31 December 
                                                                                              2016 
 
                                                     GBP '000          GBP '000           GBP '000 
 
Revenue 
                                                            -                 -                  - 
 
Other Income                                                -                 -                  - 
 
Gross Profit                                                -                 -                  - 
 
Administrative Expenses                                  (42)              (85)              (124) 
 
Profit / (Loss) from Operations                          (42)              (85)              (124) 
 
Finance Costs                                               -                 -                  - 
 
Profit / (Loss) Before Taxation                          (42)              (85)              (124) 
 
Taxation 
                                                          -                 -                  - 
 
Other Comprehensive Loss 
                                                          -                 -                  - 
 
Profit / (Loss) for the period                           (42)              (85)              (124) 
 
Earning / (Loss) per share 
 
Basic & Diluted (pence)                               (0.02)p           (0.10)p            (0.07)p 
 
 
 
Globe Capital Limited 
Balance Sheet as at 30 June 2017 
 
                                                       30 June     30 June          31 
                                                          2017        2016    December 
                                                                                  2016 
 
                                                      GBP '000    GBP '000    GBP '000 
 
Non-current assets 
 
Property, plant and equipment                                -           -           - 
 
Investments                                                 14          14          14 
 
Current assets 
 
Prepayments                                                  3           6           7 
 
Cash and cash equivalents                                    6           4           5 
 
Total Assets                                                23          24          26 
 
Current Liabilities 
 
Trade and other payables                                    18          38          20 
 
Financial Liabilities - Borrowings                           -           -           - 
 
Creditors: falling due after more than one year 
 
Accruals                                                    23           -          12 
 
Amounts due to directors                                    23           -          13 
 
Amounts due to a shareholder                                54           -          35 
 
Total Liabilities                                          118          38          79 
 
Net Assets                                                (95)        (14)        (53) 
 
Shareholders' Equity 
 
Share Capital                                              639         639         638 
 
Reserves                                                 (734)       (653)       (692) 
 
Total Equity                                              (95)        (14)        (53) 
 
 
Globe Capital Limited 
Statement of Cash Flows 
Period ended 30 June 2017 
 
                                                       6 months    6 months 
                                                          ended       ended  Year ended 
                                                        30 June     30 June 31 December 
                                                           2017        2016        2016 
 
                                                       GBP '000    GBP '000    GBP '000 
 
Profit/(Loss) before tax                                   (42)        (85)       (124) 
 
Adjustment: 
 
Other income                                                  -           -           - 
 
Depreciation                                                  -           6           6 
 
Operating profit/(loss)                                    (42)        (79)       (118) 
 
Cash flows from operating activities 
 
(Increase)/decrease in trade and other receivables            4         (6)         (7) 
 
Increase/(decrease) in trade and other payables               5        (27)        (34) 
 
Amounts due to Directors                                     15           -          13 
 
Share based payments                                          -          20           - 
 
Cash utilised in operations                                (18)        (92)       (146) 
 
Cash flows from investing activities 
 
Bank interest received                                        -           -           - 
 
Purchase of investments                                                (14)        (14) 
 
Net cash from investing activities                            -        (14)           - 
 
Cash flows from financing activities 
 
Issue of new shares                                           -         100         120 
 
Amounts due to a shareholder                                 19           -          35 
 
Net cash from financing activities                           19         100         155 
 
(Decrease)/increase in cash and cash equivalents              1         (6)         (5) 
 
Cash and cash equivalents at the beginning of the             5          10          10 
period 
 
Cash and cash equivalents at end of period                    6           4           5 
 
Cash at Bank C/F                                              6           4           5 
 
The financial information set out above has not been reviewed or audited by the 
company's auditors. 
 
Basic and diluted profit per share is calculated by dividing the loss for the 
period of GBP42,000 (2016: loss GBP85,000) by the weighted average number of 
ordinary shares of 189,253,085 (2016: 87,773,045). 
 
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 
 
NEX CORPORATE ADVISER AND CONTACT DETAILS: 
 
Alexander David Securities Limited 
David Scott 
Telephone: +44 (0) 20 7448 9820 
49 Queen Victoria Street EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

September 29, 2017 08:22 ET (12:22 GMT)

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