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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hot Rocks Investments plc | AQSE:HRIP | Aquis Stock Exchange | Ordinary Share | GB00B1WV3198 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.225 | 0.05 | 0.50 | 0.30 | 0.225 | 0.225 | 0.00 | 15:29:42 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHRIP
RNS Number : 3071S
Hot Rocks Investments PLC
08 March 2023
The announcement released on 07/03/23 at 18:29 under RNS No 2115S has been re-released to facilitate onward transmission by third party vendors.
The announcement is unchanged and is reproduced in full below.
HOT ROCKS INVESTMENTS PLC ("Hot Rocks" or the "Company") UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHSED 30TH SEPTEMBER 2022 CHAIRMAN'S STATEMENT I hereby present the interim results for the Company for the six months ended 30(th) September 2022. The Company is an active investor largely in junior natural resources companies. The Company made a total comprehensive loss of GBP315,898 for the period. The Company will not be paying a dividend. Cash at bank at 30(th) September 2022 was GBP10,583, and at 3(rd) March 2023 was GBP70,437. We now hold stakes in the following entities: Aqru plc D3 Energy Elephant Oil Corp Impact Oil & Gas Limited Mafula Energy Limited MedGold Resources Corp Minergy Limited Mosi Copper Limited New Horizon Oil & Gas Limited NFT Investments plc Pilar Gold Inc Rift Resources Limited Roquefort Therapeutics Limited Royal Road Minerals Limited Trigon Metals Inc Brian Rowbotham Non-Executive Chairman 4th March 2023 HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHSED 30TH SEPTEMBER 2022 6 Months 6 Months Year to to 30.9.22 to 30.9.21 31.3.22 Continuing operations Revenue 0 0 0 Operating expenses (38,995) (36,718) (65,878) Other (loss) - sale of financial assets at fair value through profit & loss account (35,108) (12,762) (17,831) Fair value (losses)gains on financial assets (241,795) 113,761 202,614 _______ ______ ______ (Loss)profit from operations before taxation (315,898) 64,281 118,905 Corporation tax 0 0 0 ----________- ---- _____ ______ (Loss)profit for period (315,898) 64,281 118,905 Total comprehensive (expenditure)income for the period (315,898) 64,281 118,905 (Loss)earnings per share (pence) Basic (0.18) 0.04 0.11 Diluted (0.18) 0.04 0.11 HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF FINANCIAL POSITION AS AT 30TH SEPTEMBER 6 Months 6 Months 2022 to 30.9.22 to 30.9.21 Year to 31.3.22 Assets Non-current assets Financial assets at fair value through profit and loss 389,826 204,415 389,529 _______ ______ ______ 389,826 204,415 389,529 Current assets Financial assets at fair value through profit and loss 331,098 711,638 621,941 Trade and other receivables 55,419 160 40,306 Cash and cash equivalents 10,583 92,815 36,008 397,100 804,613 698,255 Total assets 786,926 1,009,028 1,087,784 Equity and liabilities Equity Called up share capital 173,602 173,602 173,602 Share premium account 1,174,631 1,174,631 1,174,631 Share based payment reserve 115,600 115,600 115,600 Retained loss (937,548) (676,174) (621,650) _______ ______ ----------------______ 526,285 787,659 842,183 Current liabilities Trade and other payables 260,641 221,369 245,601 Total equity and liabilities 786,926 1,009,028 1,087,784 HOT ROCKS INVESTMENTS PLC CONDENSED CASH FLOW STATEMENT FOR THE SIX MONTHSED 30TH SEPTEMBER 2022 6 Months 6 Months Year to to 30.9.22 to 30.9.21 31.3.22 Cash flows from operating activities Operating(loss)profit (315,898) 64,281 118,905 Adjustments: Fair value adjustment of financial assets through profit and loss 241,795 (113,761) (202,614) Loss on disposal of financial assets through profit and loss 35,108 12,762 17,831 Movements in working capital: Increase in trade and other receivables - - (14,714)
Increase in trade and other payables 15,040 24,770 34,436 _______ _____ _____ Net cash used in operating activities (23,955) (11,948) (46,156) Cash flows from investing activities Proceeds from disposal of financial assets through profit and loss 13,643 164,856 180,979 Acquisition of financial assets through profit and loss 0 (180,610) (208,361) ______ _____ _______ Net cash used in investing activities 13,643 (15,754) (27,382) ______ ______ ______ Decrease in cash and cash equivalents (10,312) (27,702) (73,538) Cash and cash equivalents at the beginning of the period 76,314 120,677 109,546 ______ ____ ______ Cash and cash equivalents at the end of the period 66,002 92,975 36,008 HOT ROCKS INVESTMENTS PLC ACCOUNTING POLICIES FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2022 Financial information The financial information set out above does not constitute statutory accounts within the meaning of Section 434 Companies Act 2006. It has been prepared on a going concern basis in accordance with the recognition and measurement criteria of the International Financial Reporting Standards (IFRS) as adopted by the European Union. The accounting policies used in the preparation of this set of condensed interim financial statements are consistent with those set out in the Company's annual financial statements for the year ended 31 March 2022. Statutory accounts for the year ended 31 March 2022 were approved by the Board of Directors on 4 March 2023 and delivered to the Registrar of Companies. The report of the independent auditor on those accounts was unqualified. The financial information for the six months ended 30 September 2022 has not been reviewed. As permitted, the Company has chosen not to adopt IAS 34 "Interim Financial Statements" in preparing this interim financial information. Risks and uncertainties The Board continually assesses and monitors the key risks of the business. The key risks that could affect the Company's medium-term performance and the factors that mitigate those risks have not substantially changed from those discussed in the Financial Statements to 31 March 2022. Critical accounting estimates The preparation of the condensed interim financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the end of the reporting period. Significant items subject to estimates are set out in the accounting policies of the Company's Financial Statements to 31 March 2022. The Directors of the issuer are responsible for the content of this announcement. For further information please contact: Hot Rocks Investments plc - Gavin Burnell: 020 7264 4444 Optiva Securities Ltd - Daniel Ingram Tel: 0203 411 1881 daniel.ingram@optivasecurities.com
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(END) Dow Jones Newswires
March 08, 2023 05:23 ET (10:23 GMT)
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