We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Name | Symbol | Market | Type |
|---|---|---|---|
| A2d Fund. 22 | LSE:A2D1 | London | Bond |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 100.125 | 99.25 | 101.00 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
TIDMA2D1
RNS Number : 3375L
A2D Funding PLC
08 January 2016
A2D FUNDING PLC
AUDITED RESULTS FOR THE YEAR ENDING 18 OCTOBER 2015
A2D Funding plc (LSE: A2D1) announces its audited results for the year ended 18 October 2015.
The following is an extract from the Company's financial statements which will be posted to shareholders on or around 31 January 2016.
Company summary
A2D Funding plc ("the Company") is a special purpose company established for the purpose of issuing Bonds (including further bonds issued in accordance with the Conditions) and lending the proceeds thereof to A2Domionion Housing Group Limited ("A2Dominion") or one or more of its subsidiaries.
Business review
On 18 October 2013 the Company issued GBP150,000,000 4.75% Guaranteed Bonds due 2022. The principal amount raised from issuing the Retail Bonds was on-lent to A2Dominon.
Principal risks and uncertainties
The principal risks and uncertainties for the Company are primarily credit and interest rate risks. These include the correct and timely receipt of interest and principal on the loan due from A2Dominion and, to that effect during the period under review, all amounts were paid completely and timely when they were due.
The directors have considered the nature and structure of the Company and are satisfied that there is sufficient capital in relation to the business activities of the Company and levels of planned financial performance.
Events after the balance sheet date
There have been no reportable events since 18 October 2015.
Related party transactions
A2Dominion is a related party and significantly all transactions are with them, these have been disclosed in the year end finalised statements.
On behalf of the Board
Law Debenture Corporate Services Limited (Company Secretary)
7 January 2016
INCOME STATEMENT
For the year ended 18 October 2015
Hot Features
Premium
18 October Period
2015 7 August
13 to
18 October
14
GBP000 GBP000
------------------------------- ------------ ------------
Interest receivable and
similar income 7,215 7,215
Interest payable and similar
charges (7,213) (7,213)
--------------------------------- ------------ ------------
Gross profit 2 2
Other operating income 49 44
Administrative expenses (50) (45)
--------------------------------- ------------ ------------
Profit on ordinary activities
before taxation 1 1
Taxation - -
------------------------------- ------------ ------------
Profit for the period 1 1
--------------------------------- ------------ ------------
There are no recognised gains or losses other than the result for the period stated above. Accordingly, no statement of total recognised gains and losses is given.
BALANCE SHEET
As at 18 October 2015
18 October 18 October
2015 2014
GBP000 GBP000
-------------------------------- ----------- -----------
Financial assets
Loans and receivables 149,383 149,295
---------------------------------- ----------- -----------
Current assets
Cash at bank 33 26
---------------------------------- ----------- -----------
33 26
Financial liabilities: Amounts
falling due within one year (18) (12)
---------------------------------- ----------- -----------
Net current assets 15 14
---------------------------------- ----------- -----------
Total assets less current
liabilities 149,398 149,309
Financial liabilities: Amounts
falling due after more than
one year (149,383) (149,295)
---------------------------------- ----------- -----------
Net assets 15 14
---------------------------------- ----------- -----------
Capital and reserves
Called up share capital 13 13
Profit and loss account 2 1
---------------------------------- ----------- -----------
Shareholders' funds 15 14
---------------------------------- ----------- -----------
STATEMENT OF CHANGES IN EQUITY
For the year ended 18 October 2015
Share capital Profit and Total
loss account
GBP000 GBP000 GBP000
Total equity as at 18 October
2014 13 1 14
Net profit for the period - 1 1
Total equity as at 18 October
2015 13 2 15
-------------------------------- --------------- -------------- -------
CASH FLOW STATEMENT
For the year ended 18 October 2015
Period
7 August 13
18 October to
15 18 October
14
GBP000 GBP000
Operating activities
Profit on ordinary activities
before taxation 1 1
Increase in creditors 6 12
----------------------------------------- ------------- -------------
Cash flow from operating
activities 7 13
----------------------------------------- ------------- -------------
Investing activities
Loan granted - (149,312)
----------------------------------------- ------------- -------------
Cash flow from investing
activities - (149,312)
----------------------------------------- ------------- -------------
Financing activities
Proceeds on issued share
capital - 13
Proceeds from retail bond
issuance - 150,000
Issue costs - (688)
----------------------------------------- ------------- -------------
Cash flow from financing
activities - 149,325
----------------------------------------- ------------- -------------
Net increase in cash and cash
equivalents 7 26
---------------------------------------- ------------- -------------
Cash and cash equivalent at beginning 26 -
of year
----------------------------------------- ------------- -------------
Cash and cash equivalent at
end of year 33 26
---------------------------------------- ------------- -------------
Directors' responsibility statement
We confirm that to the best of our knowledge:
(a) the financial statements, prepared in accordance with the applicable set of accounting standards, give a true and fair view of the assets, liabilities, financial position and profit or loss of the issuer and the undertakings included in the consolidation taken as a whole; and
(b) the management report includes a fair review of the development and performance of the business and the position of the issuer and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face.
On behalf of the board
Ian Bowden
Director
7 January 2016
- ENDS-
For further information contact:
Law Debenture Corporate Services Limited (Company Secretary) +44 20 7606 5453
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACSUGURWGUPQGCR
(END) Dow Jones Newswires
January 08, 2016 09:43 ET (14:43 GMT)
1 Year A2d Fund. 22 Chart |
1 Month A2d Fund. 22 Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
