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KING Igraine plc

0.30
0.00 (0.00%)
06:56:52 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Igraine plc AQSE:KING Aquis Stock Exchange Ordinary Share GB00BM9CKV18
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.25 0.35 0.30 0.30 0.30 0.00 06:56:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Igraine Plc Audited Results to 31 December 2021 and Board Changes

18/07/2022 7:46am

UK Regulatory


 
TIDMKING 
 
Igraine Plc 
 
                                  AQSE: KING 
 
                         ("Igraine" or "the Company") 
 
       Audited Financial Statements for the Year Ended 31 December 2021 
 
                                 Board Changes 
 
The Company is pleased to announce, further to the release of the unaudited 
preliminiary results, announced on 30 June 2022, that the audited financial 
results are now available at https://igraineplc.com/. A summary of the 
financial information is set out below. 
 
The Company also like to announce that Professor Sir Christopher Evans OBE, 
Martin Walton, Burns Singh Tennent-Bhohi and Richard Walker have resigned with 
immediate effect. 
 
The Directors of the Company, who have issued this RIS announcement after due 
and careful enquiry, accept responsibility for the contents of this 
announcement. 
 
Enquiries: 
 
Company: 
Simon Grant-Rennick (Non-Executive Director) 
info@igraineplc.com 
 
AQSE Growth Market Corporate Adviser 
Peterhouse Capital Limited 
Guy Miller / Mark Anwyl 
Tel: +44 (0) 207 469 0930 
 
 
 
Statement of Profit or Loss 
 
for the year ended 31 December 2021 
 
 
2021                       2020 
 
 
£                            £ 
 
CONTINUING OPERATIONS 
 
Other operating 
income 
19,824                    61,556 
 
Loss on revaluation of 
investments 
(12,798)                (147,043) 
 
 
 
Administrative 
expenses 
(407,615)              (294,073) 
 
 
 
OPERATING 
LOSS 
(400,589)              (379,560) 
 
                Impairment of loans and trade 
receivables                                                           (93,405) 
                (41,229) 
Interest 
Income 
-                 (23,657) 
Interest payable at 7.1% on preference 
Shares 
-               (163,450) 
 
Conversion of Preference shares to Ordinary 
shares 
-               4,548,821 
 
Amortisation of preference 
shares 
-               (697,067) 
 
(LOSS)/PROFIT BEFORE INCOME TAX 
 
(493,994)                3,291,172 
 
Income 
tax 
-                             - 
 
(LOSS)/PROFIT FOR THE YEAR 
 
(493,994)                3,291,172 
 
Earnings per share expressed 
 
in pence per share: 
 
Basic 
 
-0.01                        0.11 
 
Diluted 
-0.01                        0.11 
 
 
 
Statement of Profit or Loss and Other Comprehensive Income 
 
for the year ended 31 December 2021 
 
 
2021                       2020 
 
 
£                              £ 
 
(LOSS)/PROFIT FOR THE 
YEAR 
(493,994)             3,291,172 
 
Other comprehensive 
income 
-                             - 
 
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 
                                                        (493,994) 
                3,291,172 
 
 
 
Statement of Financial Position 
 
31 December 2021 
 
 
2021                       2020 
 
 
£                              £ 
 
ASSETS 
 
NON-CURRENT ASSETS 
 
Property, plant and 
equipment 
-                      1,048 
 
Investments 
615,113                    15,113 
 
 
 
 
615,113                    16,161 
 
 
 
CURRENT ASSETS 
 
Trade and other 
receivables 
154,067                  115,784 
 
Investments 
7,205                    48,201 
 
Cash and cash equivalents 
                                             904,129                      7,811 
 
 
 
 
1,065,401                  171,796 
 
 
 
TOTAL 
ASSETS 
 1,680,514                  187,957 
 
 
 
EQUITY 
 
SHAREHOLDERS' EQUITY 
 
Called up share 
capital 
588,786                  554,616 
 
Share 
premium 
1,946,995                    26,818 
 
Other 
reserves 
46,116                             - 
 
Retained 
earnings 
(1,172,705)              (678,711) 
 
 
 
TOTAL 
EQUITY 
     1,409,192                 (97,277) 
 
 
 
LIABILITIES 
 
NON-CURRENT LIABILITIES 
 
Financial liabilities - borrowings 
 
Interest bearing loans and 
borrowings 
         38,464                    50,000 
 
URRENT LIABILITIES 
 
Interest bearing loans and 
borrowings 
10,649                             - 
 
Trade and other 
payables 
222,209                  235,234 
 
 
 
TOTAL 
LIABILITIES 
 271,322                  285,234 
 
 
 
TOTAL EQUITY AND 
LIABILITIES 
1,680,514                  187,957 
 
 
 
 
 
Statement of Changes in Equity 
 
for the year ended 31 December 2021 
 
 
Called up 
 
     share                   Share                      Other 
Retained                       Total 
 
   capital                premium                 reserves 
earnings                      equity 
 
 
£                            £                             £ 
                            £                            £ 
 
Balance at 1 January 2020 
71,008                             -                             - 
(3,969,883)              (3,898,875) 
 
Changes in equity 
 
Profit for the 
year 
-                             -                             - 
3,291,172                 3,291,172 
 
 
 
Total comprehensive income 
-                             -                             - 
3,291,172                3,291,172 
 
Issue of share capital 
483,608                   26,818 
-                             -                  510,426 
 
 
 
Balance at 31 December 2020 
554,616                   26,818                             - 
(678,711)                  (97,277) 
 
 
 
Changes in equity 
 
Deficit for the 
year 
-                             -                             - 
(493,994)                 (493,994) 
 
Warrant and Option 
charge 
-                    46,116                             - 
 46,116 
 
 
 
Total comprehensive income 
-                             -                    46,116 
(493,994)                (447,878) 
 
Transaction 
cost 
-                (178,153) 
-                             -                (178,153) 
 
Issue of share capital 
34,170              2,098,330 
-                             -               2,132,500 
 
 
 
Balance at 31 December 2021                                588,786 
1,946,995                    46,116            (1,154,705) 
1,409,192 
 
 
 
 
 
Statement of Cash Flows 
 
for the year ended 31 December 2021 
 
 
2021                    2020 
 
 
£                          £ 
 
Cash flows from operating activities 
 
Cash generated from 
operations 
(498,688)              (140,467) 
 
 
 
Net cash from operating 
activities 
(498,688)              (140,467) 
 
 
 
Cash flows from investing activities 
 
Purchase of tangible fixed 
assets 
-                      (591) 
 
Purchase of fixed asset 
investments 
(600,000)                            - 
 
Sale of fixed asset 
investments 
13,431                             - 
 
Increase in loan 
payable 
-                    50,000 
 
Decrease in loan 
receivables 
-                    48,813 
 
 
 
Net cash from investing 
activities 
(586,569)                     98,222 
 
 
 
Cash flows from financing activities 
 
Loan repayments in 
year 
(887)                            - 
 
Share issue (net of share issue costs) 
 
1,982,462                    50,000 
 
 
 
Net cash from financing activities 
                                         1,981,575                    50,000 
 
 
 
   Increase in cash and cash equivalents 
                                                                                896,318                    7,755 
 
Cash and cash equivalents at beginning of year 
                                                                        7,811 
       56 
 
Cash and cash equivalents at end of year 
 
         904,129                     7,811 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 18, 2022 02:46 ET (06:46 GMT)

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