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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bella Media | LSE:BLL | London | Ordinary Share | GB00B29VLD71 | 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% | 0.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBLL RNS Number : 7274P Bella Media PLC 30 March 2009 For Immediate Release 30 March 2009 Bella Media PLC ("Bella Media" or the "Company") Unaudited Half Yearly Report for the six months ended 31 December 2008 Chairman's Statement During the period under review, Bella Media continued to operate as an investment company and the trading results for the period reflect this. The Directors continued to maintain the Company at minimum practical cost, as reflected in the very modest reduction in cash and net assets. The Directors continue to seek acquisition and investment opportunities in the energy and resources sectors and have reviewed a number of such opportunities in recent months. We are now in discussions with a number of parties in relation to possible acquisitions; we hope that one of these will be brought to fruition but there is no guarantee that a transaction will be completed by 30 June 2009 which is when the Company's shares will be delisted from AIM under Rule 15 of the AIM Rules. We will, however, make an announcement as soon as practicable; the transactions now under consideration would each constitute a reverse takeover and require shareholder approval under the AIM Rules. A copy of the Half Yearly Report is available on the Company's website www.bellamediaplc.com. Contacts: Peter Redmond, Director, Bella Madia Plc 0771 866 0727 Roland Cornish, Beaumont Cornish Limited 020 7628 3396 Consolidated Income Statement for the six months ended 31 December 2008 +-----------------------------------+-------+-------------+-------------+------------+ | Continuing operations: | Notes | Six months | Six months | Year ended | | | | ended | ended | 30 June | | | | 31 | 31 | 2008 | | | | December | December | (Audited) | | | | 2008 | 2007 | GBP | | | | (Unaudited) | (Unaudited) | | | | | GBP | GBP | | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | +-----------------------------------+-------+-------------+-------------+------------+ | Operating expenses | | (45,035) | (72,251) | (117,112) | +-----------------------------------+-------+-------------+-------------+------------+ | Exceptional items | | | | | +-----------------------------------+-------+-------------+-------------+------------+ | - costs of disposal of US | | - | - | (63,872) | | subsidiary | | | | | +-----------------------------------+-------+-------------+-------------+------------+ | - adjustment following | | - | - | 21,864 | | compromise agreement | | | | | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | | | | | | _______ | +-----------------------------------+-------+-------------+-------------+------------+ | | | (45,035) | (72,251) | (159,120) | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | +-----------------------------------+-------+-------------+-------------+------------+ | Other operating income | | 2,188 | - | 3,062 | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | | | | | | _______ | +-----------------------------------+-------+-------------+-------------+------------+ | LOSS FROM OPERATIONS | | (42,847) | (72,251) | (156,058) | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | +-----------------------------------+-------+-------------+-------------+------------+ | Finance income | | 8,891 | 447 | 10,479 | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | | | | | | _______ | +-----------------------------------+-------+-------------+-------------+------------+ | LOSS BEFORE TAXATION | | (33,956) | (71,804) | (145,579) | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | +-----------------------------------+-------+-------------+-------------+------------+ | Income Tax expense | | - | - | - | +-----------------------------------+-------+-------------+-------------+------------+ | Profit on disposal of | 2 | - | 1,226 | 1,226 | | discontinued US business | | | | | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | | | | | | _______ | +-----------------------------------+-------+-------------+-------------+------------+ | LOSS FOR THE FINANCIAL PERIOD | | (33,956) | (70,578) | (144,353) | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | | | | | | _______ | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | +-----------------------------------+-------+-------------+-------------+------------+ | LOSS PER SHARE | | | | | +-----------------------------------+-------+-------------+-------------+------------+ | Basic and diluted | 3 | (0.08p) | (0.31p) | (0.45p) | +-----------------------------------+-------+-------------+-------------+------------+ | | | | | | +-----------------------------------+-------+-------------+-------------+------------+ Group Balance Sheet for the six months ended 31 December 2008 +----------------------------------+--------+-------------+-------------+-------------+ | | Notes | 31 | 31 | 30 June | | | | December | December | 2008 | | | | 2008 | 2007 | (Audited) | | | | (Unaudited) | (Unaudited) | GBP | | | | GBP | GBP | | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | CURRENT ASSETS | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | Trade and other receivables | | 2,477 | 2,544 | | | | | | | 14,498 | +----------------------------------+--------+-------------+-------------+-------------+ | Cash and cash equivalents | | 434,918 | 556,060 | | | | | | | 459,749 | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | TOTAL ASSETS | | 437,395 | 558,604 | | | | | | | 474,247 | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | CURRENT LIABILITIES | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | Trade and other payables | | 73,664 | 87,142 | 76,560 | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | TOTAL NET ASSETS | | 363,731 | 471,462 | 397,687 | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | EQUITY AND RESERVES | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | Called up share capital | 4 | 3,482,699 | 3,482,699 | 3,482,699 | +----------------------------------+--------+-------------+-------------+-------------+ | Share premium account | | 4,676,074 | 4,676,074 | 4,676,074 | +----------------------------------+--------+-------------+-------------+-------------+ | Retained earnings | | (7,795,042) | (7,687,311) | (7,761,086) | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | TOTAL EQUITY | | 363,731 | 471,462 | 397,687 | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ | | | | | | +----------------------------------+--------+-------------+-------------+-------------+ Group Statement of Changes in Equity for the six months ended 31 December 2008 +---------------------------------------------+-----------+-----------+--------+--------+--------+--------+--------+--------+--------+ | | Share | Share | Retained | Foreign | Total | | | capital | premium | earnings | exchange | GBP | | | GBP | GBP | GBP | reserve | | | | | | | GBP | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | BALANCE | 3,297,509 | 4,623,759 | (7,636,782) | (34,516) | 249,970 | | AT 1 | | | | | | | JULY | | | | | | | 2007 | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | Issue | 185,190 | - | - | - | 185,190 | | of | | | | | | | share | | | | | | | capital | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | Premium | - | 64,815 | - | - | 64,815 | | on | | | | | | | issue | | | | | | | of | | | | | | | share | | | | | | | capital | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | Cost | - | (12,500) | - | - | (12,500) | | of | | | | | | | share | | | | | | | issue | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | Net | - | - | (70,578) | - | (70,578) | | loss | | | | | | | for | | | | | | | the | | | | | | | period | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | Currency | - | - | 20,049 | 34,516 | 54,565 | | translation | | | | | | | adjustments | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | BALANCE | 3,482,699 | 4,676,074 | (7,687,311) | - | 471,462 | | AT 31 | | | | | | | DECEMBER | | | | | | | 2007 | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | Net | - | - | (73,775) | - | (73,775) | | loss | | | | | | | for | | | | | | | the | | | | | | | period | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | BALANCE | 3,482,699 | 4,676,074 | (7,761,086) | - | 397,687 | | AT 30 | | | | | | | JUNE | | | | | | | 2008 | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | Net | - | - | (33,956) | - | (33,956) | | loss | | | | | | | for | | | | | | | the | | | | | | | period | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | BALANCE | 3,482,699 | 4,676,074 | (7,795,042) | - | 363,731 | | AT 31 | | | | | | | DECEMBER | | | | | | | 2008 | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | | | | | | | +---------------------------------------------+-----------+-----------+-----------------+-----------------+--------------------------+ | | | | | | | +---------------------------------------------+-----------+-----------+--------+--------+--------+--------+--------+--------+--------+ Group Cash Flow Statement for the six months ended 31 December 2008 +--------------------------------------+-------------+-------------+-----------------+ | | Six months | Six months | Year ended | | | ended | ended | 30 June | | | 31 | 31 | 2008 | | | December | December | (Audited) | | | 2008 | 2007 | GBP | | | (Unaudited) | (Unaudited) | | | | GBP | GBP | | +--------------------------------------+-------------+-------------+-----------------+ | CASH FLOW FROM OPERATIONS | | | | +--------------------------------------+-------------+-------------+-----------------+ | Loss for the year | (42,847) | (70,578) | (154,832) | +--------------------------------------+-------------+-------------+-----------------+ | Decrease/(increase) in receivables | 12,021 | 9,728 | (2,226) | +--------------------------------------+-------------+-------------+-----------------+ | (Decrease)/increase in payables | (2,896) | 1,310 | (8,825) | +--------------------------------------+-------------+-------------+-----------------+ | Profit on disposal of discontinued | - | (1,226) | (1,226) | | US business | | | | +--------------------------------------+-------------+-------------+-----------------+ | Interest received | 8,891 | 447 | 10,479 | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | Net cash flow from operating | (24,831) | (60,319) | (156,630) | | activities | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | CASH FLOW FROM INVESTING ACTIVITIES | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | Sale of subsidiaries | - | 325,243 | 325,243 | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | Net cash flow from investing | - | 325,243 | 325,243 | | activities | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | CASH FLOW FROM FINANCING ACTIVITIES | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | Proceeds of share issue | - | 237,505 | 237,505 | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | Net cash flow from financing | - | 237,505 | 237,505 | | activities | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | (DECREASE)/INCREASE IN CASH AND | (24,831) | 502,429 | 406,118 | | CASH EQUIVALENTS | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | CASH AND CASH EQUIVALENTS AT | 459,749 | 53,631 | 53,631 | | BEGINNING OF PERIOD | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | CASH AND CASH EQUIVALENTS AT | 434,918 | 556,060 | 459,749 | | END OF PERIOD | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ | | | | | +--------------------------------------+-------------+-------------+-----------------+ Notes to the Half Yearly Report for the six months ended 31 December 2008 1BASIS OF PREPARATION This Interim Report, comprising the Consolidated Income Statement, Group Balance Sheet, Group Statement of Changes in Equity, Group Cash Flow Statement and accompanying Notes, has been prepared in accordance with the recognition and measurement criteria of IFRS save that the Group has elected not to adopt IAS34, Interim reports. These IFRS interim financial statements do not include all the information required for full IFRS annual financial statements. The interim results do not constitute the statutory accounts within the meaning of s435 of the Companies Act 2006. The financial information in this report for the six months to 31 December 2008 and to 31 December 2007 has not been audited. The comparative figures for the year ended 30 June 2008 are extracted from the Group's audited financial statements for that period as filed with the Registrar of Companies. It does not constitute the financial statements for that period. Those accounts received an unqualified audit report, which did not contain any statement under sections 498(2) or (3) of the Companies Act 2006 and did not include a reference to any matters to which the auditor drew attention by way of emphasis without qualifying the report. The accounts for the interim period have been prepared in accordance with the policies which the Group will adopt for its 2009 annual accounts. 2 DISPOSAL OF US SUBSIDIARY BUSINESS The Company disposed of its 100% interest in the shares of Bella Media Inc, a US subsidiary holding company on 31 December 2007. 3 LOSS PER SHARE The calculation of the basic and diluted loss per ordinary share is based on the loss after taxation of GBP33,956 (31 December 2007: GBP70,578; 30 June 2008: GBP144,353) and on the weighted average number of ordinary shares in issue during the period of 40,893,956, (31 December 2007 22,428,097; 30 June 2008: 31,611,470). +------+-----------------------------------+-------------+-------------+------------+ | 4 | SHARE CAPITAL | 31 | 31 | 30 June | | | | December | December | 2008 | | | | 2008 | 2007 | (Audited) | | | | (Unaudited) | (Unaudited) | GBP | | | | GBP | GBP | | +------+-----------------------------------+-------------+-------------+------------+ | | Authorised: | | | | +------+-----------------------------------+-------------+-------------+------------+ | | 193,000,000 ordinary shares of 1p | 1,930,000 | 1,930,000 | 1,930,000 | | | each | | | | +------+-----------------------------------+-------------+-------------+------------+ | | 8,200 deferred shares of GBP450 | 3,690,000 | 3,690,000 | 3,690,000 | | | each | | | | +------+-----------------------------------+-------------+-------------+------------+ | | 1,000,000,000 deferred shares of | 24,000,000 | 24,000,000 | 24,000,000 | | | 2.4p each | | | | +------+-----------------------------------+-------------+-------------+------------+ | | | | | | +------+-----------------------------------+-------------+-------------+------------+ | | | 29,620,000 | 29,620,000 | 29,620,000 | +------+-----------------------------------+-------------+-------------+------------+ | | | | | | +------+-----------------------------------+-------------+-------------+------------+ | | Allotted, issued and fully paid: | | | | +------+-----------------------------------+-------------+-------------+------------+ | | 40,893,956 ordinary shares of 1p | 408,963 | 408,963 | 408,963 | | | each | | | | +------+-----------------------------------+-------------+-------------+------------+ | | 4,475 deferred shares of GBP450 | 2,013,962 | 2,013,962 | 2,013,962 | | | each | | | | +------+-----------------------------------+-------------+-------------+------------+ | | 44,157,222 deferred shares of | 1,059,774 | 1,059,774 | 1,059,774 | | | 2.4p each | | | | +------+-----------------------------------+-------------+-------------+------------+ | | | | | | +------+-----------------------------------+-------------+-------------+------------+ | | | 3,482,699 | 3,482,699 | 3,482,699 | +------+-----------------------------------+-------------+-------------+------------+ | | | | | | +------+-----------------------------------+-------------+-------------+------------+ This information is provided by RNS The company news service from the London Stock Exchange END IR JMMITMMBJBAL
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