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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Red Leopard | LSE:RLH | London | Ordinary Share | GB00B4JXWP66 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.235 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMRLH
RNS Number : 5623C
Red Leopard Holdings PLC
29 June 2016
Red Leopard Holdings Plc
("Red Leopard" or the "Company")
Final Results for the year to 31 December 2015
I am pleased to present the financial statements for the year to 31 December 2015 for Red Leopard Holdings Plc and its wholly owned subsidiaries (together the "Group").
Total equity of the Group as at 31 December 2015 was GBP406,932 (2014:GBP330,613) and the loss for the year attributable to the equity holders of the parent was GBP230,921 (2014: GBP170,113).
As at 31 December 2015 net cash for the Group was GBP35,990 (2014: GBP9,471).
The year under report proved to be a frustrating one for the Company, hampered by unfavourable market conditions for silver, and as previously announced, difficulties in accessing the Idora Tunnel due to forest fires in Idaho during September 2015. The directors believe that market conditions for junior mining companies have begun to show signs of recovery. In particular, there has been a general upward trend in the price of silver which is now trading at US$18 an ounce representing a 25% increase over first six months of 2016.
Following the Operational Update which was announced in February 2016, management continue to progress their plans for the Idora Tunnel and remain in discussions with mining engineers to evaluate the repair cost of the rock fall inside the reopened adit within the Tunnel. The objective still remains to fully explore the length of the adit, which is over 600 meters long, and evaluate the seven mineralised veins (detailed in historic geologic reports) as soon as practicable and when adequate funds are available.
The Company continues to be proactive in exploring and considering other complimentary resource assets, financing options and other opportunities to enhance shareholder value.
A notice convening an Annual General Meeting of the Company to be held on 26 July 2016 at 10am at 50 Jermyn Street, London SW1Y 6LX accompanies the full report and accounts which are being posted to shareholders are also available to download from the Company's website: www.redleopardholdings.com
J J May
Chairman
Enquiries:
Hot Features
Premium
Red Leopard Holdings PLC
John May, Chairman Tel: +44 (0) 207 917
6826
Northland Capital Partners Limited
Gerry Beaney/ David Hignell Tel: +44 (0) 203861
6625
Consolidated statement of comprehensive income for the year ended 31 December 2015
2015 2014
GBP GBP
OTHER OPERATING INCOME - 50,293
Cost of sales (17,412) (17,938)
---------- ----------
Gross (loss)/ profit (17,412) 32,355
Administrative expenses (213,017) (202,370)
OPERATING LOSS (230,429) (170,015)
Finance income 5 17
Finance cost (497) (115)
LOSS FROM CONTINUING ACTIVITIES BEFORE
TAXATION (230,921) (170,113)
Tax expense - -
LOSS FOR THE YEAR ATTRIBUTABLE TO
THE EQUITY HOLDERS OF THE PARENT (230,921) (170,113)
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE
TO THE EQUITY HOLDERS OF THE PARENT (230,921) (170,113)
========== ==========
Loss per share - basic (0.06)p (0.07)p
Loss per share -diluted (0.06)p (0.07)p
Consolidated statement of financial position
2015 2014
GBP GBP
NON CURRENT ASSETS
Intangible assets 466,434 466,434
------------ ------------
466,434 466,434
CURRENT ASSETS
Trade and other receivables 23,958 22,505
Cash and cash equivalents 35,990 9,471
------------ ------------
TOTAL CURRENT ASSETS 59,948 31,976
TOTAL ASSETS 526,382 498,410
------------ ------------
EQUITY
Share capital 1,862,125 1,535,667
Share premium account 3,999,694 4,017,194
Share based payment reserve 60,002 60,002
Retained earnings (5,514,889) (5,282,250)
------------ ------------
TOTAL EQUITY 406,932 330,613
------------ ------------
CURRENT LIABILITIES
Trade and other payables 119,450 167,797
------------ ------------
TOTAL CURRENT LIABILITIES 119,450 167,797
TOTAL LIABILITIES 119,450 167,797
------------ ------------
TOTAL EQUITY AND LIABILITIES 526,382 498,410
============ ============
Company statement of financial position for the year ended 31 December 2015
Year ended Year ended
31 December 31 December
2015 2014
GBP GBP
NON-CURRENT ASSETS
Investments 437,433 437,433
------------- -------------
TOTAL NON-CURRENT ASSETS 437,433 437,433
CURRENT ASSETS
Trade and other receivables 50,396 54,545
Cash and cash equivalents 35,990 9,471
------------- -------------
TOTAL CURRENT ASSETS 86,386 64,016
TOTAL ASSETS 523,819 501,449
------------- -------------
EQUITY
Share capital 1,862,125 1,535,667
Share premium account 3,999,694 4,017,194
Share based payment reserve 60,002 60,002
Retained earnings (5,517,451) (5,284,812)
------------- -------------
TOTAL EQUITY 404,370 328,051
CURRENT LIABILITIES
Trade and other payables 119,449 173,398
------------- -------------
TOTAL CURRENT LIABILITIES 119,449 173,398
TOTAL LIABILITIES 119,449 173,398
------------- -------------
TOTAL EQUITY AND LIABILITIES 523,819 501,449
============= =============
Consolidated statement of changes in equityfor the year ended 31 December 2015
Share
Share based
premium payment Retained Total
Share capital account reserve earnings equity
GBP GBP GBP GBP GBP
At 1 January
2015 1,535,667 4,017,194 60,002 (5,282,250) 330,613
Loss for the
year - - - (230,921) (230,921)
-------------- ---------- --------- ------------ ----------
Total comprehensive
income 1,535,667 4,017,194 60,002 (5,513,171) 99,692
-------------- ---------- --------- ------------ ----------
Transactions
with owners:
Equity component
of compound instrument - - - (1,718) (1,718)
Issue of share
capital 326,458 (17,500) - - 308,958
-------------- ---------- --------- ------------ ----------
Total transactions
with owners 326,458 (17,500) - (1,718) 307,240
-------------- ---------- --------- ------------ ----------
At 31 December
2015 1,862,125 3,999,694 60,002 (5,514,889) 406,932
============== ========== ========= ============ ==========
Share
Share based
premium payment Retained Total
Share capital account reserve earnings equity
GBP GBP GBP GBP GBP
At 1 January
2014 1,500,800 3,862,860 60,002 (5,103,551) 320,111
Loss for the
year - - - (170,113) (170,113)
-------------- ---------- --------- ------------ ----------
Total comprehensive
income 1,500,800 3,862,860 60,002 (5,273,664) 149,998
-------------- ---------- --------- ------------ ----------
Transactions
with owners:
Equity component
of compound instrument - - - (8,586) (8,586)
Issue of share
capital 34,867 154,334 - - 189,201
-------------- ---------- --------- ------------ ----------
Total transactions
with owners 34,867 154,334 - (8,586) 180,615
-------------- ---------- --------- ------------ ----------
At 31 December
2014 1,535,667 4,017,194 60,002 (5,282,250) 330,613
Company statement of changes in equity for the year ended 31 December 2015
Share
Share based
premium payment Retained Total
Share capital account reserve earnings equity
GBP GBP GBP GBP GBP
At 1 January 2015 1,535,667 4,017,194 60,002 (5,284,812) 328,051
Loss for the year - - - (230,921) (230,921)
------------- --------- -------- ----------- ---------
Total comprehensive
income 1,535,667 4,017,194 60,002 (5,515,733) 97,130
------------- --------- -------- ----------- ---------
Transactions with
owners:
Equity component
of compound instrument - - - (1,718) (1,718)
Issue of share capital 326,458 (17,500) - - 308,958
------------- --------- -------- ----------- ---------
Total transactions
with owners 326,458 (17,500) - (1,718) 307,240
------------- --------- -------- ----------- ---------
At 31 December 2015 1,862,125 3,999,694 60,002 (5,517,451) 404,370
============= ========= ======== =========== =========
Share
Share based
premium payment Retained Total
Share capital account reserve earnings equity
GBP GBP GBP GBP GBP
At 1 January 2014 1,500,800 3,862,860 60,002 (5,110,113) 313,549
Loss for the year - - - (166,113) (166,113)
------------- --------- -------- ----------- ---------
Total comprehensive
income 1,500,800 3,862,860 60,002 (5,276,226) 147,436
------------- --------- -------- ----------- ---------
Transactions with
owners:
Equity component
of compound instrument - - - (8,586) (8,586)
Issue of share capital 34,867 154,334 - - 189,201
------------- --------- -------- ----------- ---------
Total transactions
with owners 34,867 154,334 - (8,586) 180,615
------------- --------- -------- ----------- ---------
At 31 December 2014 1,535,667 4,017,194 60,002 (5,284,812) 328,051
Consolidated statement of cash flows for the year ended 31 December 2015
2015 2014
GBP GBP
CASH FLOWS USED IN OPERATING ACTIVITIES (130,489) (103,248)
INVESTING ACTIVITIES
Interest received 5 17
Interest paid (497) (115)
Purchase of intangible assets - (33,101)
CASH FLOWS USED IN INVESTING ACTIVITIES (492) (33,199)
FINANCING ACTIVITIES
Issue of share capital 157,500 45,450
Repayment of loan notes - (20,531)
---------- ----------
CASH FLOWS FROM FINANCING ACTIVITIES 157,500 24,919
---------- ----------
NET INCREASE/(DECREASE) IN CASH AND
CASH EQUIVALENTS 26,519 (111,528)
Cash and cash equivalents brought
forward 9,471 120,999
CASH AND CASH EQUIVALENTS CARRIED
FORWARD 35,990 9,471
========== ==========
Company statement of cash flows
2015 2014
GBP GBP
CASH FLOWS USED IN OPERATING ACTIVITIES (130,489) (132,342)
INVESTING ACTIVITIES
Investment in subsidiary undertakings - (4,000)
Interest received 5 17
Interest paid on loans (497) (115)
---------- ----------
CASH FLOWS USED IN INVESTING ACTIVITIES (492) (4,098)
FINANCING ACTIVITIES
Issue of share capital 157,500 45,450
Repayment of loan notes - (20,531)
---------- ----------
CASH FLOWS FROM FINANCING ACTIVITIES 157,500 24,919
NET INCREASE/(DECREASE) IN CASH AND
CASH EQUIVALENTS 26,519 (111,521)
---------- ----------
Cash and cash equivalents brought
forward 9,471 120,992
CASH AND CASH EQUIVALENTS CARRIED
FORWARD 35,990 9,471
========== ==========
Notes:
1. This statement has been prepared using accounting policies and presentation consistent with those applied in the preparation of the statutory accounts of the Company.
2. The summary accounts set out above do not constitute statutory accounts as defined by Section 428 of the UK Companies Act 2006. The consolidated statement of comprehensive income, the consolidated and company statements of financial position, consolidated and company statement of changes in equity and the consolidated and company statements of cash flows for the year ended 31 December 2015 have been extracted from the Company's 2015 statutory financial statements upon which the auditor's opinion is unqualified. The results for the year ended 31 December 2015 have been extracted from the statutory accounts for that period, which contain an unqualified auditor's report.
3. The auditor's opinion, which is not qualified, contains an emphasis of matter in respect of the gong concern assessment. The statutory financial statements are presented on the going concern basis and, based upon the expectation that further funds will be raised in the near future, the Directors believe there will be sufficient resources to continue trading for at least twelve months from the date of approval of these financial statements. The completion of a successful fundraise has been identified as a material uncertainty over the going concern assessment. In the short term, prior to the completion of a successful fundraise, the Directors will support the company in meeting unavoidable expenditure.
4. Basic loss per ordinary share for the year is based on the loss of GBP230,921 (2014: GBP170,113) and a weighted average of 392,192,874 (2014: 246,705,112) ordinary shares.
For diluted loss per share, the weighted average number of ordinary shares in issue is adjusted to assume conversion of all potential dilutive ordinary shares. Items included in the calculation are options for ordinary shares.
The effect of conversion of all potential dilutive ordinary shares would have an anti-dilutive effect on earnings per share and therefore they have been incorporated in the diluted earnings per share calculation. Potential ordinary shares are only treated as dilutive when their conversion to ordinary shares would decrease profit per share or increase loss per share.
5. The annual report and accounts are available to download from the Company's website, www.redleopardholdings.com.
6. An Annual General Meeting of the Company will be held on 26 July 2016, at 50 Jermyn Street London, SW1Y 6LX.
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR BIGDLGGDBGLI
(END) Dow Jones Newswires
June 29, 2016 02:00 ET (06:00 GMT)
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