Final Results - Amendment

RNS Number:1018Z
Adorian PLC
27 June 2007



The following announcement replaces the "Final Results" announcement made at
09.13 this morning, under RNS Number 1004Z. The contact details as follows were
not included:


"For further information, please contact:


Nigel Weller, Director on 020 7251 3762

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396".


All other details remain the same.





FOR IMMEDIATE RELEASE 27 June 2007





                          ADORIAN PLC ("the Company")


                          AUDITED FINANCIAL STATEMENTS

                      FOR THE YEAR ENDED 31 DECEMBER 2006





CHAIRMAN'S STATEMENT



The audited results for the twelve months ended 31 December 2006 show that your
Company incurred a loss, both before and after taxation of #83,000 (31 December
2005 #99,000)


The Company remained a cash shell throughout the financial year; during which
suitable acquisitions were actively sought. I regret to inform you that
agreement in principal to acquire the entire issued share capital of Anglo
Biotrans Plc which was announced on 27 February 2006, could not be finalised and
the acquisition lapsed. Our shares, which had been suspended pending the Anglo
Biotrans negotiations, were re-admitted to trading on AIM. Subsequently the
shares were suspended on 29 March 2007 and under the AIM Rules, the Company will
have until 29 September 2007 to make an acquisition that constitutes a reverse
and if such a transaction is not effected by that date, dealings in the shares
will be cancelled. The Board have considered the cost implications of
maintaining the current large Register and have concluded that, to simplify the
share structure, the Company needs to consolidate the Ordinary shares. The
proposal is set out in the AGM notice as Item 5 and the increase in the Capital
of the company is to facilitate the consolidation of the shares. Cash resources
remain adequate for routine operating expenses at present, as a further
convertible loan note for #105,263 was issued in November 2006.


For further information, please contact:


Nigel Weller, Director on                       020 7251 3762
Roland Cornish, Beaumont Cornish Limited on     020 7628 3396







                                  ADORIAN PLC


                            Profit and Loss Account

                      For the year ended 31 December 2006





                                     Notes       Year ended      Year ended
                                                31 December     31 December
                                                       2006            2005
                                                      #'000           #'000
Turnover                                                  -               -

Cost of Sales                                             -               -

Gross Profit                                              -               -

Operating expenses                                      (83)            (96)

Operating loss                                          (83)            (96)

Exceptional Item                                          -              (3)

Loss on Ordinary Activities before                      (83)            (99)

taxation

Taxation                                                  -               -

Deficit for the year                                    (83)            (99)

Loss per share:
Basic                                      2           (0.6p)         (1.00p)






These were no recognised gains or losses other than the retained loss for the
period.


                                  ADORIAN PLC


                       Balance Sheet at 31 December 2006



                                        Notes          2006         2005
                                                      #'000        #'000
Current Assets
Debtors                                                  10            6
Cash at bank and in hand                                 60           12
                                                         70           18

Creditors: Amounts falling due within                   (95)         (66)
one year

Net Current (Liabilities)/ Assets                       (25)         (48)

Total Assets less Current Liabilities                   (25)         (48)

Creditors: Amounts falling due after                   (140)         (54)
more than one year
                                                       (165)        (102)
Capital and Reserves

Called up share capital                               9,820        9,800
Share premium account                                 8,549        8,549
Other reserves                                        1,567        1,567
Profit and loss account                             (20,101)     (20,018)

Equity Shareholders' Deficit                           (165)        (102)







                                  ADORIAN PLC


                              Cash Flow Statement

                      For the year ended 31 December 2006



                                       Notes               2006         2005
                                                          #'000        #'000
Net cash (outflow) from                                    (57)         (47)
operating Activities

Financing
Increase in long-term debt                                 105           30

Net Cash Inflow from Financing                             105           30

(Decrease)/ Increase in cash                                48          (17)

Reconciliation of net cash flow to
movement in net debt

Net increase/(decrease) in cash                             48          (17)
Issue of Convertible loan notes net of                     (86)          (4)
conversions
                                                           (38)         (21)

Opening net debt                                           (42)         (21)

Closing net debt                                           (80)         (42)







                                  ADORIAN PLC


                       Notes to the Financial Statements

                      For the year ended 31 December 2006





1. Accounting Policies


Basis of Accounting


The financial statements have been prepared in accordance with applicable
accounting standards under the historical cost convention.


The company is now an AIM listed "shell" which is actively seeking a suitable
acquisition. On the basis that the finance raised in the year and expected
future AIM costs, the accounts have been prepared on a going concern basis.


2. Loss per Share


The losses per share have been calculated on the loss for the financial year of
#83,000 (2005 -#99,000) and the following weighted average number of shares in
issue during the 12 months ended 31 December:

                                                        2006         2005
                                                      Number       Number
Basic - Weighted Average Number of Shares         12,853,957    9,921,151



                           Notes to the announcement


1. The financial information set out above does not constitute the Company's
statutory accounts for the years 31 December 2006 or 31 December 2005, but is
derived from those accounts. Statutory accounts have been delivered to the
Registrar of Companies in England and Wales, and those for 2006 will be
delivered shortly. The auditors have reported on the 2005 accounts: their report
was unqualified and did not contain statements under section 237(2) or (3) of
the Companies Act 1985.


2. The Report and Accounts, together with the Notice of AGM, have been posted to
shareholders and are available from Finsgate, 5-7 Cranwood Street, London EC1V
9EE.



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

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