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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Celadon Pharmaceuticals Plc | LSE:CEL | London | Ordinary Share | GB00BDQYGP38 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.50 | 2.52% | 61.00 | 57.00 | 65.00 | 61.00 | 59.50 | 59.50 | 12,246 | 14:00:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investment Advice | 149k | -7.14M | -0.1082 | -5.64 | 39.26M |
Other Comprehensive Loss For The Period - - (13,919) - (13,919) --------------- -------- ------------ ------------ ---------- ---------- Total Comprehensive Loss for the Period - (616,135) (17,671) - (633,573) --------------- -------- ------------ ------------ ---------- ---------- Issue of Shares 39,767 - - - 39,767 --------------- -------- ------------ ------------ ---------- ---------- Share Issue expenses - - - (122,705) (122,705) --------------- -------- ------------ ------------ ---------- ---------- Balance As at 30 September 2010 40,000 (616,135) (17,671) (122,705) (716,511) --------------- -------- ------------ ------------ ---------- ---------- CAPARO ENERGY LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOW FOR THE PERIOD FROM 1 APRIL 2010 TO 30 SEPTEMBER 2010 (UNAUDITED) For The Period From 1 April 2010 To 30 September Note 2010 (Unaudited) -------------------- ------ ------------------ (US$) -------------------- ------ ------------------ Cash Flows From Operating Activities -------------------- ------ ------------------ Loss For The Period (441,073) ---------------------------- ------------------ Depreciation C 5,899 -------------------- ------ ------------------ Operating Cash Flows Before Working Capital Changes (435,174) ---------------------------- ------------------ Decrease in Deposits D 3,496 -------------------- ------ ------------------ Increase in Other Assets (12,773) ---------------------------- ------------------ Increase in Trade and Other Payables F 389.535 -------------------- ------ ------------------ Net Cash Generated From Operating Activities (54,916) ---------------------------- ------------------ Cash Flows From Investing Activities -------------------- ------ ------------------ Purchase Of Property, Plant And Equipment (1,809) ---------------------------- ------------------ Cash Used In Investing Activities (1,809) ---------------------------- ------------------ Cash Flows From Financing Activities -------------------- ------ ------------------ Proceeds From The Issue Of Ordinary Share Capital 39,767 ---------------------------- ------------------ Cash Generated From Financing Activities 39,767 ---------------------------- ------------------ Net Increase In Cash And Cash Equivalents (16,957) ---------------------------- ------------------ Cash And Cash Equivalents At Beginning Of The Period 230,667 ---------------------------- ------------------ Net effect of foreign currency translation to presentation currency (1,273) ---------------------------- ------------------ Cash And Cash Equivalents At End Of The Period E 212,437 -------------------- ------ ------------------
CAPARO ENERGY LIMITED
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL INFORMATION
FOR THE PERIOD FROM 1 APRIL 2010 TO 30 SEPTEMBER 2010
General Information
Caparo Energy Limited ("CEL" or the 'Company') is a company domiciled is Guernsey and was incorporated on 13 August 2010 and was admitted to the AIM of London Stock Exchange on 12th October 2010. The Company raised approximately US$ 80 million (GBP50.18 million) at the time of listing (before admission expenses). A share issue expense of US$122,705 has been accrued in the books as for 30 September 2010 in relation to the said issue.
The principal activity of the Company is to operate wind energy farms as a leading independent power producer, and to engage in the sale of energy to the Indian market through its Indian subsidiary viz., Caparo Energy (India) Limited (CEIL).
The functional currencies of the respective Group companies are:
Caparo Energy Limited Great British Pound (GBP) -------------------------------------------- -------------------- Caparo Energy Investments Limited-Mauritius US Dollar (US$) -------------------------------------------- -------------------- Caparo Energy (India) Limited Indian Rupee (INR) -------------------------------------------- --------------------
NOTE A - PRINCIPAL ACCOUNTING POLICIES
3.1 BASIS OF PREPARATION
The condensed set of financial statements have been prepared using accounting policies consistent with International Financial Reporting Standards as adopted by the European Union (IFRSs). The same accounting policies, presentation and methods of computation are followed in the condensed set of financial statements as are expected to be applied in the Company's year-end financial statements. While the financial figures included in this half-yearly report have been computed in accordance with IFRSs applicable to interim periods, this half-yearly report does not contain sufficient information to constitute an interim financial report as that term is defined in IAS 34.
The financial information for the interim period ended 30 September 2010 is unaudited and does not constitute the Company's statutory financial statements for those periods.
The Company was incorporated with the sole purpose of acquiring a controlling interest in its directly held, wholly owned, subsidiary Caparo Energy Investments Limited ("CEILM"), which was acquired by the Company in September 2010. CEILM itself had acquired a controlling interest in its directly held, wholly owned, subsidiary Caparo Energy (India) Ltd ("CEIL") in September 2010. These transactions are considered to be under common control, as defined in IFRS 3 Business Combinations, as the companies were controlled by the same shareholders. The Directors note that transactions under common control are outside the scope of IFRS 3 Business Combinations and that there is no guidance elsewhere in IFRS covering such transactions.
The company has chosen to apply merger accounting, such that the financial statements of the company incorporate the combined companies' results and cash flows as if the companies have always been combined with the assets and liabilities of the purchased business incorporated at the consolidated book value and the difference between the purchase consideration and the book value of the assets and liabilities recorded in equity as a common control reserve. The comparative figures would have been re-presented, but the date of incorporation of the company and its subsidiaries means that there are no comparative figures for the corresponding period in the preceding financial year.
As at 30 September 2010 the following companies formed part of the Group:
Country of Company Immediate Parent Incorporation % of Interest --------------------- --------------------- ---------------- -------------- Caparo Energy Caparo Energy Investments (India) Limited Limited India 100 --------------------- --------------------- ---------------- -------------- Caparo Energy Investments Caparo Energy Limited Limited Mauritius 100 --------------------- --------------------- ---------------- --------------
The financial information is prepared on the historical cost basis. Historical cost is generally based on the fair value of the consideration given in exchange for the assets. The expenses are analysed by function in the Statement of Comprehensive Income. The condensed consolidated financial information of the Company for the six months to 30 September 2010 comprises the financial information of the Company, its subsidiaries (together referred to as the "Group").
3. 2 Standards and interpretations in issue not yet adopted
The following new Standards and Interpretations, which are yet to become mandatory, have not been applied in the Company's Financial Information.
Standard Or Interpretation Effective For Reporting Periods Starting On Or After ------------------------------------------- --------------------------------- IFRS - 9 Financial Instruments Annual periods beginning on or after 1 January 2013 IFRS-7 Financial Instruments Annual periods beginning on or disclosure-Amendments resulting after 1 January 2011 from May 2010 annual improvements to IFRS IAS 24 Related Party Disclosures - Annual periods beginning on or Revised Definition Of Related after 1 January 2011 Parties IAS 34 Interim Financial Reporting- Annual periods beginning on or Amendments resulting from May after 1 January 2011 2010 annual improvements to IFRS
Based on the Company's current business model and accounting policies, management does not expect any material impact to the Company's financial information as result of the above standards or interpretations becoming effective.
The Company does not intend to apply any of these pronouncements early.
3.3 Other Key Policies
Financial assets and liabilities
All financial assets are recognised and derecognised on trade date where the purchase or sale of a financial asset is under a contract whose terms require delivery of the financial asset within the timeframe established by the market concerned, and are initially measured at fair value, plus transaction costs.
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