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Name | Symbol | Market | Type |
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Thames Water 26 | LSE:TES | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:9601Q Trading Exchange (The) PLC 07 September 2005 07 September 2005 Trading Exchange plc Interim Results for the Period Trading Exchange plc ("Trading Exchange"), a cash shell, following its disposal of its trading subsidiary The Trading Exchange (UK) Ltd (" The Subsidiary") on 17 May 2005 and treated as an investment company under the Alternative Investment Market ("AIM") rules, today announces its interim results for the six months ended 30 June 2005. PROFIT AND LOSS ACCOUNT for the six month ended 30 June 2005 Six months ended Six months Year ended 30 June 2005 ended 31 December 2004 30 June 2004 (Un-audited) (Un-audited) (Audited) # # # Turnover 0 0 0 Cost of sales 0 0 0 _____________ _____________ _____________ Gross profit 0 0 0 Administrative expenses (298,019) (25,767) (52,525) Exceptional administrative expenses - write off (4,833,510) 0 0 intercompany loan _____________ _____________ _____________ Operating loss (5,131,529) (25,767) (52,525) Profit on sale of subsidiary 118,485 0 0 _____________ _____________ _____________ Loss on ordinary activities (5,013,044) (25,767) (52,525) before interest and taxation Interest receivable 45,589 10,571 50,893 Interest payable _____________ _____________ _____________ Loss on ordinary activities (4,967,455) (15,196) (1,632) before taxation Tax on loss on ordinary 0 0 0 activities _____________ _____________ _____________ Retained loss for the (4,967,455) (15,196) (1,632) financial period ============= ============= ============= Loss per ordinary share Basic loss per share (pence) (14.3) (0.0) (0.0) BALANCE SHEET as at 30 JUNE 2005 Un-audited Un-audited Audited as at as at as at 30 June 2005 30 June 2004 31 December 2004 # # # Fixed assets Tangible assets 0 0 0 Investments 0 1 1 _____________ _____________ _____________ 0 1 1 Current assets Debtors 423,042 3,322,925 4,412,203 Cash at bank 1,649,690 256,242 2,570,955 _____________ _____________ _____________ 2,072,732 3,579,167 6,983,158 Creditors: amounts falling due within one year (118,645) (44,096) (61,617) _____________ _____________ _____________ Net current assets 1,954,087 3,535,071 6,921,541 _____________ _____________ _____________ Net assets 1,954,087 3,535,072 6,921,542 ============= ============= ============= Capital and reserves Called up share capital 3,482,759 1,149,426 3,482,759 Share premium account 4,191,587 3,152,015 4,191,587 Profit and loss account (5,720,259) (766,369) (752,804) _____________ _____________ _____________ Shareholders' funds 1,954,087 3,535,072 6,921,542 ============= ============= ============= Cash Flows for the six months ended 30 June 2005 Un-audited Un-audited Audited as at as at as at 30 June 2005 30 June 2004 31 December 2004 # # # Net cash outflow from operating activities (966,855) (930,727) (2,029,241) Returns on investment and servicing of finance Interest received 45,589 10,571 50,893 Interest paid _____________ _____________ _____________ Net cash inflow from returns 45,589 10,571 50,893 on investment and servicing of finance Capital expenditure 0 0 0 Acquisitions and disposals Acquisition of subsidiary 0 0 0 Disposal of subsidiary 1 0 0 _____________ _____________ _____________ Net cash inflow from 1 0 0 acquisitions and disposals _____________ _____________ _____________ Net cash outflow before financing (921,265) (920,152) (1,978,348) Financing Issue of ordinary share capital 0 215,000 3,715,000 Cost of share issue 0 0 (127,095) _____________ _____________ _____________ Net cash inflow from financing 0 215,000 3,587,905 _____________ _____________ _____________ Increase in cash in the year (921,265) (705,154) 1,609,557 ============= ============= ============= NOTES TO THE UNAUDITED INTERIM RESULTS 1 Basis of preparation of interim financial results The interim results for the six months ended 30 June 2005 and six months ended 30 June 2004 are un-audited and do not constitute statutory accounts within the meaning of section 240 of the Companies Act 1985.They have been drawn up using accounting policies and principles consistent with those applied in the preparation of the audited accounts for the year ended 31 December 2004. Further to the disposal of The Subsidiary, the results for the six months and comparatives shown ,are for the Trading Exchange and do not include the results of The Subsidiary and are also not consolidated. The comparative information contained in these results for the year ended 31 December 2004 does not constitute the statutory accounts for that financial period. Those accounts have been reported on by the Company's Auditors, Nexia Audit Limited, and delivered to the Registrar of Companies. The report of the auditors was unqualified. 2 Earnings per ordinary share Basic earnings per share figures have been calculated based upon 34,827,594 shares in issue, being the weighted average number of ordinary shares in issue during the period. 3 Interim Results This interim results were approved by the Directors on 7 September 2005 This information is provided by RNS The company news service from the London Stock Exchange END IR XDLFBEKBLBBQ
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