Share Name Share Symbol Market Type Share ISIN Share Description
Auctus Growth LSE:AUCT London Ordinary Share GB00BNGMVP25 ORD GBP0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 38.50p 36.00p 41.00p 38.50p 38.50p 38.50p 0 06:39:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -0.0 -1.3 - 0.94

Auctus Growth Plc Half-year Report

11/08/2017 7:00am

UK Regulatory (RNS & others)


Auctus Growth (LSE:AUCT)
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RNS Number : 6555N

Auctus Growth Plc

11 August 2017

AUCTUS GROWTH PLC

INTERIM REPORT AND UNAUDITED INTERIM FINANCIAL INFORMATION

FOR THE SIX MONTHSED 30 JUNE 2017

AUCTUS GROWTH PLC

CHAIRMAN'S STATEMENT

Dear Shareholder,

I present the Chairman's report for the financial period ending 30 June 2017, where the Company reported a net loss of GBP16,459 (0.62p per share) and as at 30 June 2017 had liquid cash balances of GBP991,666.

During this financial period the Board has continued to actively evaluate a number a potential transactions across a variety of different sectors. At this time no formal agreement has been entered into by the Company however the Board remains focused on delivering a transaction that brings both value and growth potential to the Shareholders of Auctus Growth in the near term.

Costs continue to be prudently monitored and are in line with the previously announced budget of GBP35,000 per annum. The Directors continue to draw no fees from the Company.

Finally the Board would like to thank Shareholders for their continued patience and support. Further updates will be provided in due course in regard to the future plans for the Company.

Malcolm Burne

Chairman

11August 2017

AUCTUS GROWTH PLC

STATEMENT OF COMPREHENSIVE INCOME

FOR THE SIX MONTHSED 30 JUNE 2017

 
                                               1.1.17 to      1.1.16 to     Year ended 
                                                 30.6.17        30.6.16      31.12.16 
                                              (unaudited)   (unaudited)     (audited) 
                                                  GBP            GBP             GBP 
 
 
NET TRADING INCOME                                       -               - 
 
 
Other operating expenses                          (16,459)        (13,913)        (35,783) 
 
                                              ------------  --------------  -------------- 
Total operating expenses                          (16,459)        (13,913)        (35,783) 
                                              ------------  --------------   ------------- 
OPERATING LOSS                                    (16,459)        (13,913)        (35,783) 
 
Finance income                                           -               -               - 
                                              ------------  --------------      ---------- 
LOSS BEFORE TAXATION                              (16,459)       (13,913))        (35,783) 
 
Income tax expense                                       -               -               - 
 
                                              ------------  --------------   ------------- 
LOSS FOR THE PERIOD ATTRIBUTABLE TO 
 EQUITY HOLDERS OF THE COMPANY                    (16,459)        (13,913)        (35,783) 
                                                   =======        ========         ======= 
 
Earnings per share (pence) - basic 
 and fully diluted                                 0.(62)p         (0.52)p            (1.34p) 
                                                   =======         =======         ======= 
 
 

AUCTUS GROWTH PLC

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2017

 
 
 
                                                   At 30.6.17        At 30.6.16       At 31.12.16 
                                                    (unaudited)       (unaudited)      (audited) 
                                                         GBP               GBP              GBP 
 
CURRENT ASSETS 
Trade and other receivables                                   8,239            6,307            5,830 
Cash and cash equivalents                                   991,666        1,034,582        1,006,342 
                                                      -------------    -------------   ------------- 
                                                            999,905        1,040,889        1,012,172 
CURRENT LIABILITIES 
Trade and other payables                                   (19,845)         (22,500)         (15,653) 
                                                      -------------    -------------   ------------ 
NET CURRENT ASSETS                                          980,060        1,018,389          996,519 
                                                      -------------    -------------   ------------- 
NET ASSETS                                                  980,060        1,018,389          996,519 
                                                           ========         ========      ======= 
 
EQUITY ATTRIBUTABLE TO EQUITY HOLDERS 
 OF THE COMPANY 
Share capital                                               266,900          266,900          266,900 
Share premium account                                       972,140          972,140          972,140 
Share-based payment reserve                                  22,131           22,131           22,131 
Retained earnings                                         (281,111)        (242,782)        (264,652) 
                                                      -------------    -------------     ------------ 
TOTAL EQUITY                                                980,060        1,018,389          996,519 
                                                           ========         ========         ======== 
 
Net asset value per share (basic)                            36.72p           38.16p           37.34p 
                                                         ========        ========         ====== 
 
 

AUCTUS GROWTH PLC

STATEMENT OF CASH FLOWS

FOR THE SIX MONTHSED 30 JUNE 2017

 
 
 
 
                                                                                             1.1.16 to 
                                               1.1.17 to 30.6.17  1.1.16 to 30.6.16           31.12.16 
                                                     (unaudited)        (unaudited)          (audited) 
                                                    GBP                  GBP                GBP 
 
Net cash outflow from operating activities              (14,676)              4,031           (24,209) 
                                                ----------------       ------------     -------------- 
Cash flows from financing 
activities 
Share issue proceeds                                           -                  -                  - 
Share issue costs                                              -                  -                  - 
                                               -----------------          ---------     ----------- 
                                                        (14,676)              4,031           (24,209) 
                                              ------------------       ------------      ------------- 
Cash flows from investing 
activities 
Finance income                                                 -                  -                  - 
                                             -------------------       ------------      ------------- 
 
Net (decrease)/increase in cash and cash 
 equivalents                                            (14,676)              4,031           (24,209) 
 
Cash and cash equivalents at beginning of 
 period                                                1,006,342          1,030,551          1,030,551 
                                             -------------------       ------------      ------------- 
Cash and cash equivalents at end of period               991,666          1,034,582          1,006,342 
                                                 ===========           =======            ======= 
 
 
 

AUCTUS GROWTH PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE SIX MONTHSED 30 JUNE 2017

 
 
                           Share capital   Share premium        Share        Retained      Total 
                                                            -based payment    earnings 
                                                               reserve 
                                GBP             GBP              GBP            GBP         GBP 
 
 At 1 January 2016               266,900         972,140            22,131   (228,869)   1,032,302 
 
 Loss for period ended 
  30 June 2016                         -               -                 -    (13,913)    (13,913) 
 
                                ________        ________         _________   _________   _________ 
 At 30 June 2016                 266,900         972,140            22,131   (242,782)   1,018,389 
 
 Loss for period ended 
  31 December 2016                     -               -                 -    (21,870)    (21,870) 
                                ________        ________         _________   _________   _________ 
 At 31 December 2016             266,900         972,140            22,131   (264,652)     996,519 
 
  Loss for period ended 
   30 June 2017                        -               -                 -    (16,459)    (16,459) 
 
                                ________        ________         _________   _________   _________ 
 At 30 June 2017                 266,900         972,140            22,131   (281,111)     980,060 
                                 =======         =======           =======     =======     ======= 
 

AUCTUS GROWTH PLC

NOTES TO THE INTERIM FINANCIAL INFORMATION

FOR THE SIX MONTHSED 30 JUNE 2017

   1.   GENERAL 

The interim financial information for the six month period ended 30 June 2017 are unaudited and were approved by the Directors of the Company on 11 August 2017. The condensed financial information set out above does not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006.

The financial information contained in this report in respect of the annual financial statements for the period ended 31 December 2016 has been extracted from the report and financial statements for that period which have been filed with the Registrar of Companies. The report of the auditors on those accounts did not contain a statement under section 498(2) or (3) of the Companies Act 2006 and was not qualified.

The interim financial information is unaudited and has not been reviewed by the auditors.

The Company's operations are not subject to seasonality or cyclicality.

No dividend has been declared or paid in this interim period.

   2.    ACCOUNTING POLICIES 

The principal accounting policies and methods of computation have remained unchanged from those used in the preparation of the Company's 2016 annual financial statements and are expected to be used for the Company's 2017 annual financial statements.

   3.   CASH FLOWS FROM OPERATING ACTIVITIES 
 
                                                  1.1.17 to               1.1.16 to 
                                                    30.6.17                 30.6.16      1.1.16 to 31.12.16 
                                                        GBP                     GBP                     GBP 
 
Loss before taxation                               (16,459)                (13,913)                (35,783) 
Adjustments for: 
Finance income                                            -                       -                       - 
 
                                       --------------------    --------------------    -------------------- 
                                                   (16,459)                (13,913)                (35,783) 
 
(Increase)/decrease in receivables                  (2,409)                  15,770                  16,247 
(Decrease)/increase in payables                       4,192                   2,174                 (4,673) 
                                       --------------------    --------------------    -------------------- 
Net cash (outflows)/inflows from 
 operating activities                              (14,676)                   4,031                (24,209) 
                                              =============           =============           ============= 
 

AUCTUS GROWTH PLC

NOTES TO THE INTERIM FINANCIAL INFORMATION

FOR THE SIX MONTHS ENDED 30 JUNE 2017

   4.     EARNINGS PER SHARE 

Basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. Diluted earnings per share is calculated using the weighted average number of shares adjusted to assume the conversion of all dilutive potential ordinary shares.

 
  Basic Earnings per share         Earnings   Weighted average       Per-share 
                                               number of shares        amount 
                                        GBP                 No.      (pence) 
 Earnings per share attributed 
  to ordinary shareholders         (16,459)           2,668,999        (0.62)p 
                                  =========        ============      ========= 
 

The Company has made a loss and, accordingly the effect of the share options is anti-dilutive.

   5.   NET ASSET VALUE PER SHARE 

The "basic" net asset value per share figures are calculated on the basis of the net assets attributable to equity shareholders divided by the number of ordinary shares in issue at the relevant dates of 2,668,999 (30 June 2016: 2,668,999; 31 December 2016: 2,668,999).

   6.    SHARE CAPITAL 

Allotted, called up and fully paid:

 
 
                                     At 30.6.17                             At 30.6.16                                                       At 31.12.16 
                                                      GBP                                    GBP                                    GBP 
2,668,999 Ordinary shares of 
 GBP0.10 
 each                                                              266,900                                266,900                                266,900 
                                       ===================================    ===================================    =================================== 
 
 

7. COPIES OF INTERIM REPORT

Copies of the interim report are available to the public free of charge from the Company at 5th Floor, 15 Whitehall, London, England, SW1A 2DD during normal office hours, Saturdays and Sundays excepted, for 14 days from today and are available on the website at www.auctusgrowthplc.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IR SFUSUSFWSEIA

(END) Dow Jones Newswires

August 11, 2017 02:00 ET (06:00 GMT)

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