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HYS PIMCO 0 to 5 Year High Yield Corporate Bond Index ETF

95.37
0.00 (0.00%)
Pre Market
Last Updated: 13:56:00
Delayed by 15 minutes
Name Symbol Market Type
PIMCO 0 to 5 Year High Yield Corporate Bond Index ETF AMEX:HYS AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 95.37 14 13:56:00

Interim Results

28/02/2003 2:49pm

UK Regulatory


RNS Number:1460I
Honeysuckle Group PLC
28 February 2003


                             HONEYSUCKLE GROUP PLC

                        ("Honeysuckle" or "the Company")


INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 NOVEMBER 2002



Main Points
For the six months ended 30 November                               2002              2001
                                                                  #'000             #'000

Turnover                                                              -                 1
Loss before taxation                                              (154)             (240)
Losses per share                                                (0.03p)            (0.0)p


*    Continuing reduction of costs
     
*    On-going review of potential acquisition

Enquiries:
Adrian Bradshaw           Honeysuckle Group plc                 020 7495 5524
Colin Ingram              Honeysuckle Group plc                 020 8228 1640



                             HONEYSUCKLE GROUP PLC

                            INTERIM RESULTS FOR THE

                       SIX MONTHS ENDED 30 NOVEMBER 2002

Chairman's Statement

The results are for the six month period to 30 November 2002. In that period,
the Group made a loss before taxation of #154,000 (2001 - loss of #240,000).
Loss per share was 0.03p (2001 - 0.0p).


During this period costs have been reduced further and for the second half year
to May 2003 they will be considerably lower.


The Directors continue to review potential acquisitions and it is expected that
a suitable acquisition will be completed this year.


Sandy Anderson

Chairman

28 February 2003




consolidated profit and loss account

for the six months ended 30 November 2002
                                                      Six months to 30    Six months to 30    Year ended 31
                                                              November            November         May 2002
                                                                  2002                2001        (audited)
                                                           (unaudited)         (unaudited)             #000
                                                                  #000                #000

Turnover                                                             -                   1                -

Cost of sales                                                        -                   -                -
                                                              --------            --------         --------
Gross Profit                                                         -                   1                -

Administrative expenses                                          (130)               (226)            (535)
                                                              --------            --------         --------
Operating Loss                                                   (130)               (225)            (535)

Bank interest receivable                                             -                   -                1
Interest payable                                                  (24)                (15)             (42)
                                                              --------            --------         --------
Loss on ordinary activities before taxation
                                                                 (154)               (240)            (576)

Taxation                                                             -                   -                -
                                                              --------            --------         --------
Loss for period                                                  (154)               (240)            (576)
                                                              --------            --------         --------
Loss per ordinary share                                        (0.03p)             (0.0) p          (0.13p)
                                                              --------            --------         --------

consolidated balance sheet

As at 30 November 2002
                                                                    As at               As at             As at
                                                         30 November 2002    30 November 2001       31 May 2002
                                                              (unaudited)         (unaudited)         (audited)
                                                                     #000                #000              #000

Fixed assets
Tangible assets                                                         -                   -                 -
                                                                 --------            --------          --------
Current assets
Debtors                                                                22                  13                11
Cash at bank and in hand                                              117                  47               227
                                                                 --------            --------          --------
                                                                      139                  60               238
                                                                 --------            --------          --------
Creditors: amounts falling due within one year
Short term loans                                                    (516)               (400)             (472)
Other creditors                                                     (307)               (354)             (296)
                                                                 --------            --------          --------
                                                                    (823)               (754)             (768)
                                                                 --------            --------          --------
Net current (liabilities) / assets                                  (684)               (694)             (530)
                                                                 --------            --------          --------
Total assets less current liabilities                               (684)               (694)             (530)
                                                                 --------            --------          --------
Net (liabilities) / assets                                          (684)               (694)             (530)
                                                                 --------            --------          --------
Capital and reserves
Called up share capital                                             8,425               8,362             8,425
Share premium account                                               2,475               2,038             2,475
Capital redemption reserve                                            149                 149               149
Profit and loss account                                          (11,733)            (11,243)          (11,579)
                                                                 --------            --------          --------
Equity shareholders' funds                                          (684)               (694)             (530)
                                                                 --------            --------          --------



group cash flow statement

for the six months ended 30 November 2002
                                                            Six months to 30    Six months to 30         Year to
                                                               November 2002       November 2001     31 May 2002
                                                                 (unaudited)         (unaudited)       (audited)
                                                                        #000                #000            #000
                                                                                                            

Net cash (outflow) from operating activities                           (154)               (356)           (527)
                                                                    --------            --------        --------
Return on investments and service of finance
Interest received                                                          -                   -               1
Interest paid                                                              -                   -            (42)
                                                                    --------            --------        --------
Net cash flow from returns on investments and
servicing of finance                                                       -                (16)            (41)
                                                                    --------            --------        --------
Capital expenditure
Disposal of tangible fixed assets                                          -                   -               1
                                                                    --------            --------        --------
Net cash flow from capital expenditure                                     -                   -               1
                                                                   ---------           ---------        --------
Net cash flows before financing                                        (154)               (372)           (567)
                                                                    --------            --------        --------
Financing
Issue of ordinary share capital                                            -                   -             500
Debts due within one year                                                  -                   -               -
New convertible and short-term loans                                      44                 400             275
                                                                    --------            --------        --------
                                                                          44                 400             275
                                                                    --------            --------        --------
(Decrease) / Increase in cash                                          (110)                  28             208
                                                                    --------            --------        --------



NOTES TO THE INTERIM RESULTS

FOR THE SIX MONTHS ENDED 30 NOVEMBER 2002



Basis of accounting

The financial information set out in this announcement has been prepared in
accordance with applicable accounting standards which are consistent with those
applied for the twelve months ended 31 May 2002. The accounts have been prepared
on a going concern basis which the Directors believe to be appropriate.


The financial information set out above does not constitute the statutory
accounts within the meaning of Section 240 of the Companies Act 1985. The
amounts shown in respect of the year ended 31 May 2002 have been extracted from
the full statutory accounts on which the auditors have made an unqualified
report. The statutory accounts have been filed with the Registrar of Companies.


Loss per Share


The basis loss per share has been calculated on the loss after taxation of
#154,000 (2001: #240,000) and on the average number of ordinary shares in issue
during the period of 480,622,500 (2001: 418,122,415).


        Interim statement

Copies of the interim statement will be sent to shareholders during March and
will be available to the public at the registered office at 25 Upper Brook
Street, London, W1K 7QD.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
IR NKFKQQBKDABB

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