ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

64IG Cred Ag Co 24

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Name Symbol Market Type
Cred Ag Co 24 LSE:64IG London Medium Term Loan
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

Interim Results

14/11/2008 4:31pm

UK Regulatory


    RNS Number : 2303I
  Simons & Co Limited
  14 November 2008
   


 Simons & Co Limited
 Condensed consolidated interim financial information

 Six months ended 30 June 2008


    DIRECTORS' STATEMENT 

    An interim preference share dividend of 3.75% per share was paid on 28 June 2008.

    No dividend has been or will be paid in respect of the company's ordinary shares.


    J Simon
    Director
         

    Condensed consolidated interim income statement


                                            6 months to       6 months to        Year ended
                                               30 June           30 June   31 December 2007
                                                   2008              2007                 £
                                                      £                 £


                                 Note
 Continuing operations
 Investment income                               23,936            23,935            38,296
 Other operating income                           2,713             3,696             7,412
                                                                                           

 Total income                     3              26,649            27,631            45,708
 Share of results of associates                  31,464            19,388             2,246
                                                                                           

                                                 58,113            47,019            47,954
 Administrative expenses                       (22,700)          (19,349)          (57,735)
                                                                                           

 Operating profit/(loss)                         35,413            27,670           (9,781)
 Finance costs                    4            (23,151)          (22,971)          (47,270)
                                                                                           

 Profit/(loss) before taxation                   12,262             4,699          (57,051)
 Tax                              5                   -                 -                 -
                                                                                           
 Profit/(loss) attributable to
 equity holders of the parent                    12,262             4,699          (57,051)
                                                                                           

      Condensed consolidated interim statement of changes in equity

                                 Share capital     Share premium    Other reserves    Available for sale  Retained earnings            
Total
                                                                                                 reserve                              
equity
                                                                                                       £
                                             £                 £                 £                                        £
                                                                                                                                           
£

 At 1 January 2007                     200,000               140            35,000               744,322            231,657        
1,211,119
 Available for sale assets
 -gains on revaluation taken to
 equity                                      -                 -                 -                71,804                  -           
71,804
 Tax on items taken directly to
 equity                                      -                 -                 -              (13,643)                  -         
(13,643)
                                                                                                                                            

 Net income recognised directly
 in equity                                   -                 -                 -                58,161                  -           
58,161
 Profit for the period                       -                 -                 -                     -              4,699            
4,699
                                                                                                                                            

 Total recognised income and
 expense                                     -                 -                 -                58,161              4,699           
62,860
                                                                                                                                            

 At 30 June 2007 and 1 July
 2007                                  200,000               140            35,000               802,483            236,356        
1,273,979
 Available for sale assets
 - losses on revaluation taken
 to equity                                   -                 -                 -             (440,399)                  -        
(440,399)
 Tax on items taken directly to
 equity                                      -                 -                 -                78,173                  -           
78,173
                                                                                                                                            

 Net income recognised directly
 in equity                                   -                 -                 -             (362,226)                  -        
(362,226)
 Loss for the period                         -                 -                 -                     -           (61,750)         
(61,750)
                                                                                                                                            

 Total recognised income and
 expense                                     -                 -                 -             (362,226)           (61,750)        
(423,976)
                                                                                                                                            

 At 31 December 2007 and 1
 January 2008                          200,000               140            35,000               440,257            174,606          
850,003
 Available for sale assets
 - losses on revaluation taken                                                                                                              

 to equity                                   -                 -                 -             (378,169)                  -        
(378,169)
 Tax on items taken directly to
 equity                                      -                 -                 -                73,912                  -           
73,912
                                                                                                                                            

 Net losses recognised directly
 in equity                                   -                 -                 -             (304,257)                  -        
(304,257)
 Profit for the period                       -                 -                 -                     -             12,262           
12,262
                                                                                                                                            

 Total recognised income and
 expense                                     -                 -                 -             (304,257)             12,262        
(291,995)
                                                                                                                                            


 At 30 June 2008                       200,000               140            35,000               136,000            186,868          
558,008
                                                                                                                                            


      Condensed consolidated interim balance sheet

                                                                           At 31 December 2007
                                                                                             £
                                        At 30 June 2008   At 30 June 2007
                                                      £                 £


                                 Note
 Non-current assets 
 Interests in associates                        313,661           299,339              282,197
 Available for sale investments   6           1,072,275         1,890,843            1,450,444
                                                                                              

                                              1,385,936         2,190,182            1,732,641
                                                                                              
 Current assets
 Other receivables                                1,539             1,847                1,537
 Cash and cash equivalents                      142,217           198,320              151,316
                                                                                              

                                                143,756           200,167              152,853
                                                                                              

 Total assets                                 1,529,692         2,390,349            1,885,494
 Current liabilities
 Other payables                                (18,083)          (15,835)             (17,427)
 Borrowings                                   (671,000)         (682,558)            (681,233)
                                                                                              

                                              (689,083)         (698,393)            (698,660)
 Net current liabilities                      (545,327)         (498,226)            (545,807)
 Non-current liabilities
 Other payables                                (82,449)          (65,740)             (62,767)
 Borrowings                                   (164,000)         (164,000)            (164,000)
 Deferred tax liabilities         5            (36,152)         (188,237)            (110,064)
                                                                                              

                                              (282,601)         (417,977)            (336,831)
                                                                                              

 Total liabilities                            (971,684)       (1,116,370)          (1,035,491)
                                                                                              

 Net assets                                     558,008         1,273,979              850,003
                                                                                              
 Equity attributable to equity
 holders 
 Share capital                                  200,000           200,000              200,000
 Share premium                                      140               140                  140
 Other reserves                                  35,000            35,000               35,000
 Available for sale reserve                     136,000           802,483              440,257
 Retained earnings                              186,868           236,356              174,606
                                                                                              

 Total equity attributable to                   558,008         1,273,979              850,003
 equity holders
                                                                                              


      Condensed consolidated interim cash flow statement
                                 
                                        6 months to       6 months to        Year ended
                                           30 June           30 June   31 December 2007
                                               2008              2007                 £
                                                  £                 £
 Cash flows from operating       
 activities                      
 Profit /(loss) for the period               12,262             4,699          (57,051)
 Finance costs                               23,151            22,971            47,270
 Share of results of associates            (31,464)          (19,388)           (2,246)
                                                                                       
 Operating cash flows before     
 movements in working capital                 3,949             8,282          (12,027)
 (Increase)/decrease in                         (2)               660               970
 receivables                     
 Increase/(decrease) in                      20,338          (17,477)          (18,858)
 payables                        
                                                                                       
 Net cash from/(used in)         
 operating activities before                 24,285           (8,535)          (29,915)
 income taxes                    
 Income taxes paid                                -                 -                 -
                                                                                       
 Net cash from/(used in)         
 operating activities                        24,285           (8,535)          (29,915)
 Cash out flows from financing   
 activities                      
 Preference dividends paid                  (6,150)          (12,300)          (18,450)
 Interest on bank loans                    (17,001)          (16,821)          (34,970)
                                                                                       
                                 
 Net cash used in financing                (23,151)          (29,121)          (53,420)
 activities                      
                                 
 Net increase/(decrease) in      
 cash and cash equivalents                    1,134          (37,656)          (83,335)
 Cash and cash equivalents at    
 the beginning of the period                141,083           224,418           224,418
                                                                                       
 Cash and cash equivalents at    
 the end of the period                      142,217           186,762           141,083
                                                                                       
 Analysed as:                    
 Bank and cash in hand                      142,217           198,320           151,316
 Bank overdraft                                   -          (11,558)          (10,233)
                                                                                       
 Cash and cash equivalents                  142,217           186,762           141,083
                                                                                       
                                 
      Notes to the condensed consolidated interim financial information

    1.    NATURE OF OPERATIONS AND GENERAL INFORMATION

    Simons and Co Limited is a company incorporated in the United Kingdom under the Companies Act 1985. The address of the registered office
is Quartermile One, 15 Lauriston Place, Edinburgh, Scotland, EH3 9EP.  

    The principal activities of the group consist of holding investments in a number of publicly listed and unquoted companies to provide
income. The principal activity of the associate is that of manufacturing instruments for measuring and monitoring the environment. 

    The company's preference shares are listed on the London Stock Exchange. 

    This condensed consolidated interim financial information has been approved for issue by the Board of Directors on 30 October 2008. It
has been neither audited or reviewed by the auditors.

    The financial information set out in this interim report does not constitute statutory accounts as defined by s240 of the Companies Act
1985. A copy of the group's statutory financial statements for the year ended 31 December 2007, prepared in accordance with International
Financial Reporting Standards (IFRS) adopted by the European Union and International Financial Reporting Interpretations Committee (IFRIC)
interpretations, have been delivered to the Registrar of Companies. The auditors' report was not qualified.

    2.    BASIS OF PREPARATION

    These interim consolidated condensed financial statements are for the six months ended 30 June 2008. They have been prepared in
accordance with IAS 34 "Interim Financial Reporting". They do not include all of the information required for full annual financial
statements, and should be read in conjunction with the consolidated financial statements of the group for the year ended 31 December 2007.

    3.     SEGMENT REPORTING

    The group's business consists of a single segment and operates in a single geographical location.

    An analysis of the group's income is as follows:
                                                                  Year ended 
                              6 months to       6 months to  31 December 2007
                              30 June2008      30 June 2007                 £
                                        £                 £
 Investment income
 -Listed dividends-UK              23,936            23,935            38,296

 Other operating income
 -Bank deposit interest             2,713             3,696             7,412
                                                                             

                                   26,649            27,631            45,708
                                                                             


    4.    FINANCE COSTS
                                                                          Year ended 
                                      6 months to      6 months to   31 December 2007
                                     30 June 2008      30 June 2007                 £
                                                £                 £

 Dividend on preference shares
 -Interim paid (3.75p per                   6,150             6,150             6,150
 share)
 -Final paid (3.75p per share)                  -                 -             6,150
 Interest on bank loans and                17,001            16,821            34,970
 overdrafts
                                                                                     

                                           23,151            22,971            47,270
                                                                                     

     No ordinary share dividend has been paid.    

    5.    TAXATION



                                                                  Year ended 
                             6 months to       6 months to   31 December 2007
                             30 June 2008      30 June 2007                 £
                                        £                 £
 United Kingdom
 Group current taxation                 -                 -                 -
                                                                             

                                                         Deferred tax
                                                                     
                                                                    £
                                         
 At 1 January 2007                                            174,594
 Charge to equity                                              13,643
                                         
                                         
 At 30 June 2007 and 1 July 2007                              188,237
 Credit to equity                                            (78,173)
                                         
                                         
 At 31 December 2007 and 1 January 2008                       110,064
 Credit to equity                                            (73,912)
                                         
                                         
 At 30 June 2008                                               36,152
                                         

    6.    INVESTMENTS 

                                         
 Available for sale Investments                           £
 Listed investments                      
 1 January 2007                                   1,819,039
 Revaluation surplus transfer to equity              71,804
                                                           
                                         
 At 30 June 2007 and 1 July 2007                  1,890,843
 Revaluation deficit transfer to equity           (440,399)
                                                           
                                         
 At 31 December 2007 and 1 January 2008           1,450,444
 Revaluation deficit transfer to equity           (378,169)
                                                           
                                         
 At 30 June 2008                                  1,072,275
                                                           


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

1 Year Cred Ag Co 24 Chart

1 Year Cred Ag Co 24 Chart

1 Month Cred Ag Co 24 Chart

1 Month Cred Ag Co 24 Chart

Your Recent History

Delayed Upgrade Clock