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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sproutly Canada Inc | CSE:SPR | CSE | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.02 | 0.015 | 0.015 | 0 | 00:00:00 |
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C.A. Sperati PLC
C A Sperati (The Special Agency) Plc
PRELIMINARY STATEMENT OF ANNUAL RESULTS
For the 12 month period ended
31 October 2003
CHAIRMAN'S STATEMENT
The trend reported at the half year has been maintained.
Profit before tax has risen by some 66%. The weak dollar has contributed to
improved margins.
Providing interest rates do not rise sharply, your directors anticipate that the
slightly improved trend of recent months should continue.
J.B.A. Alexander
Chairman
10 December 2003
C A Sperati (The Special Agency) Plc
PROFIT AND LOSS ACCOUNT
for the period ended 31 October 2003
Year to 31 Year to 31
October October
2003 2002
� �
TURNOVER 962,639 872,116
Cost of sales 575,910 551,743
----------------------
Gross profit 386,729 320,373
Other operating expenses (368,217) (318,896)
Other operating income 14,058 10,638
----------------------
OPERATING PROFIT 32,570 12,115
Investment income 16,427 17,378
----------------------
PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION 48,997 29,493
Taxation 10,128 4,879
----------------------
PROFIT ON ORDINARY
ACTIVITIES AFTER TAXATION 38,869 24,614
Dividends 25,000 12,500
----------------------
RETAINED PROFIT FOR THE PERIOD 13,869 12,114
======================
EARNINGS PER ORDINARY SHARE OF 50p 38.9p 24.6p
======================
C A Sperati (The Special Agency) Plc
BALANCE SHEET
at 31 October 2003
Year to 31 Year to 31
October October
2003 2002
� �
FIXED ASSETS
Tangible assets 83,364 79,943
CURRENT ASSETS
Stocks 104,689 131,777
Debtors 216,140 180,974
Cash at bank and in hand 570,069 555,721
----------------------
890,898 868,472
CREDITORS:
Amounts falling due within one year 178,479 166,617
----------------------
NET CURRENT ASSETS 712,419 701,855
----------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 795,783 781,798
PROVISION FOR LIABILITIES AND CHARGES 1,289 1,173
----------------------
794,494 780,625
======================
CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 22,128 22,128
Profit and loss account 722,366 708,497
----------------------
SHAREHOLDERS FUNDS 794,494 780,625
======================
C A Sperati (The Special Agency) Plc
CASH FLOW STATEMENT
for the period ended 31 October 2003
Year to Year to
31 October 31 October
2003 2002
� �
Operating Profit 32,570 12,115
Depreciation of tangible
assets 8,687 10,498
Decrease/(Increase) in stock 27,088 (14,910)
(Increase)/Decrease in debtors (35,166) 34,422
(Decrease)/Increase in
creditors (3,221) 19,399
Loss on sale of fixed assets 5,966 -
-----------------------------
Net cash inflow/(outflow)
from operating activities 35,924 61,524
=============================
Returns on investments and
servicing of finance
Interest Received 16,427 17,378
=============================
Taxation
Corporation tax paid (7,429) (19,755)
=============================
Capital expenditure
Purchase of fixed assets (20,074) (613)
Sale of fixed assets 2,000 -
-----------------------------
(18,074) (613)
=============================
Equity dividend paid (12,500) (25,000)
=============================
Increase in cash
in period 14,348 33,534
=============================
Reconcilliation of net
cashflow to movement in net
funds
Increase in cash 14,348 33,534
Net funds at 1 November 2002 555,721 522,187
-----------------------------
Net funds at 31 October 2003 �570,069 �555,721
=============================
C A Sperati (The Special Agency) Plc
PRELIMINARY RESULTS
for the 12 month period ended 31 October 2003
Notes
1. The preliminary results for the year ended 31 October 2003 do not
constitute the Company's statutory financial statements within the
meaning of S227 of the Companies Act 1985. They have been reviewed by
the auditors.
The financial information for the year ended 31 October 2002 is
derived from the statutory accounts for that year which have been
delivered to the Registrar of Companies. The auditors' report on these
accounts was unqualified.
2. The Directors propose to recommend a dividend of 25 pence per share
for the year to 31 October 2003 payable to shareholders on the
Register on 13 April 2004.
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