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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Base Grp. | LSE:BS. | London | Ordinary Share | GB0000566389 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.04 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7880F Base Group PLC 30 November 2004 Base Group plc Unaudited Interim Results for the six months ended 31 August 2004 I am pleased to present the unaudited interim results for Base Group plc for the six months ended 31 August 2004. The loss of #84,000 for the six month period (2003: loss of #905,000) was the result of basic "plc" running costs combined with one-off costs resulting from the Group's withdrawal from its operating activities. Following the sale of the operating businesses a year ago, the Board have been actively pursuing acquisition opportunities, which it is intended will lead to a reverse takeover of the Group. Whilst a number of opportunities have arisen, none have as yet offered acceptable value to Base shareholders, with growth opportunities that meet with the Board's underlying criteria. Further opportunities are constantly being considered and with market conditions continuing to improve, the Board are confident they will find an appropriate acquisition during the first half of 2005. Adrian Bradshaw Chairman 30 November 2004 Base Group plc Unaudited results for six months ended 31 August 2004 Consolidated Profit and Loss Account 6 months 6 months 12 months to 31/08/04 to 31/08/03 to 29/02/04 (Unaudited) (Unaudited) (Audited) Note #000 #000 #000 Turnover - 332 595 Cost of sales - (108) (158) __________ __________ __________ Gross profit - 224 437 Administrative expenses (92) (1,137) (1,391) __________ __________ __________ (92) (913) (954) Other operating income 5 - - __________ __________ __________ Operating loss (87) (913) (954) Loss on disposal of subsidiaries - - (362) Net interest receivable 3 8 1 __________ __________ __________ Loss on ordinary activities before taxation (84) (905) (1,315) Taxation - - - __________ __________ __________ Loss for the financial period (84) (905) (1,315) __________ __________ __________ Loss per ordinary share: Basic 3 (0.01)p (0.11)p (0.16)p Diluted (0.01)p (0.11)p (0.16)p All results are derived from discontinued operations. There were no recognised gains and losses other than the reported losses above. Unaudited results for six months ended 31 August 2004 Consolidated Balance Sheet 6 months 6 months 12 months to 31/08/04 to 31/08/03 to 29/02/04 (Unaudited) (Unaudited) (Audited) #000 #000 #000 Fixed Assets Intangible assets - - - Tangible assets - 37 - _____________ ___________ ___________ - 37 - Current Assets Debtors 12 317 19 Cash at bank and in hand 153 575 224 _____________ ___________ ___________ 165 892 243 Creditors: Amounts falling due within one year (83) (452) (77) _____________ ___________ ___________ Net current assets 82 440 166 _____________ ___________ ___________ _____________ ___________ ___________ Total assets less current 82 477 166 liabilities _____________ ___________ ___________ Capital and reserves Called up share capital 8,399 8,399 8,399 Shares to be issued 99 - 99 Share premium account 3,011 3,011 3,011 Other reserves - 3,330 - Profit and loss account (11,427) (14,263) (11,343) _____________ ___________ ___________ Equity shareholders' funds 82 477 166 _____________ ___________ ___________ Consolidated cash flow statement for the six months ended 31st August 2004 6 months 6 months 12 months to 31/08/04 to 31/08/03 to 29/02/04 (Unaudited) (Unaudited) (Audited) Note #000 #000 #000 Net cash outflow from operating 1 (74) (474) (718) activities Returns on investments and servicing of finance Net interest received 3 8 1 Capital expenditure Payments for tangible fixed assets - (2) - Acquisitions and disposals Disposal of subsidiary undertakings, net of cash borrowings acquired - - (102) __________ __________ __________ Cash outflow before financing (71) (468) (819) Management of liquid resources - - (219) ___________ __________ ___________ Decrease in cash in the period (71) (468) (1,038) __________ __________ __________ Unaudited results for six months ended 31 August 2004 Reconciliation of movements in shareholders' funds for the six months ended 31 August 2004 6 months 6 months 12 months to 31/08/04 to 31/08/03 to 29/02/04 (Unaudited) (Unaudited) (Audited) #000 #000 #000 Loss for the financial year (84) (1,004) (1,315) Opening shareholders' funds 166 1,481 1,481 ____________ _________ ___________ Closing shareholders' funds 82 477 166 ____________ _________ ___________ Unaudited results for six months ended 31 August 2004 Notes to the Interim Accounts 1. Reconciliation of operating loss to net cash flow from operating activities 6 months 6 months 12 months to 31/08/04 to 31/08/03 to 29/02/04 (Unaudited) (Unaudited) (Audited) #000 #000 #000 Operating profit/(loss) (87) (913) (954) Goodwill amortisation and impairment and depreciation - 391 493 Working capital movements: 13 48 (257) ____________ ___________ _____________ Net cash outflow from operating (74) (474) (718) activities _____________ ___________ _____________ 2. This interim report was neither audited nor reviewed by the auditors. It does not constitute statutory accounts within the meaning of s240 of the Companies Act 1985, but has been prepared using the accounting policies set out in the Group's 2004 Statutory Accounts. The financial information for the twelve months ended 29 February 2004 was derived from the latest Group accounts, which have been filed with the Registrar of Companies and received a qualified audit report, due to the limitation of evidence being available following the sale of the operating subsidiaries during the year. As such, the auditors were unable to form an opinion as to whether the financial statements gave a true and fair view of the loss of the Group for the year ended 29 February 2004. The opinion in relation to the state of affairs of the Group as at 29 February 2004 was that the financial statements gave a true and fair view. 3. Loss per share was calculated on the group loss for the financial period and on the weighted average number of ordinary shares during the period of (2003: 839,944,149). The adjusted loss per share is calculated before exceptional items and charges for goodwill amortisation. 4. The Board approved these Interim Accounts on 30 November 2004. FOR FURTHER INFORMATION PLEASE CONTACT: Base Group plc Adrian Bradshaw Chairman Tel: 020 7495 5524 This information is provided by RNS The company news service from the London Stock Exchange END IR EAXFNAAELFFE
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