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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Davictus Plc | LSE:DVT | London | Ordinary Share | JE00BYY5RQ34 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.25 | 3.50 | 5.00 | 4.25 | 4.25 | 4.25 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Eating Places | 411k | 229k | 0.0172 | 2.47 | 567.38k |
From Apr 2019 to Apr 2024
TIDMDVT
RNS Number : 4601K
daVictus plc
21 September 2016
21 September 2016
daVictus plc
("daVictus" or the "Company")
Interim results for the 6 months ended 30 June 2016
Director's Statement
It is my pleasure to present the condensed financial statements of daVictus plc (the "Company" or "daVictus") for the six months ended 30 June 2016.
On 29 January 2016, the Company was successfully admitted to the Official List (by way of a Standard Listing) and to trading on the London Stock Exchange's main market for listed securities.
After its successful listing, the share capital of the Company was increased from GBP125,000 to GBP1,125,000. On Admission the Company raised GBP1,000,000 and generated expenses of approximately GBP335,000, leaving approximately GBP665,000 net proceeds available to the Company.
During the reporting period, the Company reported a net loss of GBP193,138.
As at 30 June 2016, the Company had cash in bank of GBP721,112.
There are a number of potential risks and uncertainties which may have a material impact on the Company's performance over the remaining six months of the financial year and could cause actual results to differ materially from expected and historical results. The Directors do not consider that the principal risks and uncertainties have changed since the publication of the annual report for the year ended 31 December 2015, which contains a detailed explanation of the risks relevant to the Company on page 26, and is available at http://www.davictus.co.uk.
The Board looks forward to providing further updates to shareholders in due course.
Responsibility Statement
The Directors, being Abd Hadi bin Abd Majid (Non-Executive Chairman), Robert Logan Pincock (Chief Executive Officer) and Maurice James Malcolm Groat (Non-Executive Director) are responsible for preparing the Condensed Financial Statements in accordance with the Disclosure and Transparency Rules of the United Kingdom's Financial Conduct Authority ('DTR') and with International Accounting Standard 34 on Interim Financial Reporting (IAS 34).
The Directors confirm that, to the best of their knowledge, this condensed consolidated half-yearly report has been prepared in accordance with IAS 34 as adopted by the European Union. The interim management report includes a fair review of the information required by DTR 4.2.7 and DTR 4.2.8, namely:
-- an indication of important events that have occurred during the first six months and their impact on the condensed set of financial statements, and a description of the principal risks and uncertainties for the remaining six months of the financial year; and
-- material related-party transactions in the first six months and any material changes in the related-party transactions described in the last annual report.
Adb Hadi bin Abd Majid, Non-Executive Chairman
21 September, 2016
CONDENSED STATEMENT OF COMPREHESIVE INCOME (UNAUDITED) FOR THE SIX MONTHSED 30 JUNE 2016
Hot Features
Premium
Notes 6 months Period
period from
ended 5 February
30 June 2015 (inception)
2016 to
30 June
2015
GBP GBP
(Unaudited) (Unaudited)
INCOME
Interest income 238 -
Operating expenses (193,376) (98,014)
------------ ------------------
OPERATING LOSS/LOSS BEFORE
TAXATION (193,138) (98,014)
Income tax expense 3 - -
------------ ------------------
LOSS FOR THE PERIOD ATTRIBUTABLE
TO
EQUITY HOLDERS OF THE COMPANY (193,138) (98,014)
Basic and diluted loss per
share (pence) 4 (3.21) (49.77)
============ ==================
CONDENSED STATEMENT OF FINANCIAL POSITION (UNAUDITED) AS AT 30 JUNE 2016
Notes As at As at As at
30 June 30 June 31 December
2016 2015 2015
GBP GBP GBP
(Unaudited) (Unaudited) Audited
CURRENT ASSETS
Other receivables - 125,000 -
Cash and cash equivalents 721,112 2 15,750
-------------
721,112 125,002 15,750
CURRENT LIABILITIES
Other payables 10,470 95,514 111,970
Amount owing to - 2,500 -
directors
------------ ------------ -------------
10,470 98,014 111,970
------------ ------------ -------------
NET ASSETS 710,642 26,988 (96,220)
============ ============ =============
EQUITY ATTRIBUTABLE
TO EQUITY HOLDERS
OF THE COMPANY
Share capital 5 1,125,000 125,002 125,000
Retained earnings (414,358) (98,014) (221,220)
------------ ------------ -------------
TOTAL EQUITY 710,642 26,988 (96,220)
============ ============ =============
CONDENSED STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE SIX MONTHSED 30 JUNE 2016
6 months Period
period from
ended 5 February
30 June 2015 (inception)
2016 to 30 June
2015
GBP GBP
(Unaudited) (Unaudited)
Cash flow from operating
activities
Operating loss (193,138) (98,014)
------------ ------------------
Changes in working capital (101,500) (26,986)
------------ ------------------
Net cash flow from operating
activities (294,638) (125,000)
------------ ------------------
Cash flow from financing
activities
Issue of share capital 1,000,000 125,002
------------ ------------------
Net cash flow from financing
activities 1,000,000 125,002
------------------
Net increase in cash and
cash equivalents 705,362 2
Cash and cash equivalents 15,750 -
at beginning of period
------------ ------------------
Cash and cash equivalents
at end of period 721,112 2
============ ==================
STATEMENT OF CHANGES IN EQUITY (UNAUDITED) FOR THE SIX MONTHSED 30 JUNE 2016
Period from 1 January 2016 to 30 June 2016 (Unaudited)
Share capital Retained Total
earnings
GBP GBP GBP
As at 1 January
2016 125,000 (221,220) (96,220)
Loss for the period - (193,138) (193,138)
-------------- ----------- -----------
Total comprehensive
loss for the period - (414,358) (289,358)
Issue of ordinary
shares 1,000,000 - 1,000,000
As at 30 June 2016 1,125,000 (414,358) 710,642 789,352
============== =========== ===========
Period from 5 February 2015 ( inception) to
30 June 2015 (Unaudited)
Share capital Retained Total
earnings
GBP GBP GBP
Loss for the period - (98,014) (98,014)
-------------- ----------- -----------
Total comprehensive
loss for the period - (98,014) (98,014)
Issue of ordinary
shares 125,002 - 125,002
As at 30 June 2015 125,002 (98,014) 26,988
============== =========== ===========
Period from 5 February 2015 ( inception) to 31 December 2015 (Audited)
Share capital Retained Total
earnings
GBP GBP GBP
Loss for the period - (221,220) (221,220)
-------------- ---------- ----------
Total comprehensive
loss for the period - (221,220) (221,220)
Shares issued on incorporation - - -
Issue of ordinary
shares 125,000 - 125,000
As at 31 December
2015 125,000 (221,220) (96,220)
============== ========== ==========
NOTES TO THE CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2016
1. GENERAL INFORMATION
The Company was incorporated and registered in Jersey as a public company limited by shares on 5 February 2015 under the companies (Jersey) Law 1991 and registered number 117716. The registered office of the Company is at the offices of 43/45 La Motte Street St Helier Jersey JE4 8SD.
2. ACCOUNTING POLICIES
Basis of preparation
The condensed interim financial statements for the period ended 30 June 2016 and 30 June 2015 have been prepared in accordance with IAS 34 Interim Financial Reporting. They are unaudited and do not constitute statutory financial statements. The condensed interim financial report for the period ended 30 June 2016 has not been reviewed by auditors pursuant to the Financial Reporting Council guidance on Review of Interim Financial Information. The comparative interim financial information covers the period from incorporation on 5 February 2015 to 30 June 2015.
The condensed interim financial statements have been prepared on a basis consistent with, and on the basis of, the accounting policies set out in the audited financial statements of the Company for the period ended 31 December 2015, which have been prepared in accordance with IFRS as adopted by the European Union.
The condensed interim financial statement is presented in British Pound Sterling ("GBP").
Going concern
The condensed interim financial statements have been prepared on a going concern basis, which assumes that the Company will continue to be able to meet its liabilities as they fall due for the foreseeable future.
3. INCOME TAX EXPENSE
The Company is not a "Financial Services Company" registered under the relevant Jersey laws; or a specified utility company and therefore it is subject to Jersey income tax at the general rate of 0 per cent.. If the Company derives any income from Jersey property, including development of land or quarrying, such income will be subject to tax at the rate of 20 per cent.. It is not expected that the Company will derive any such income.
4. LOSS PER SHARE
Basic loss per ordinary share is calculated by dividing the loss attributable to equity holders of the Company by the weighted average number of ordinary shares in issue during the period. Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares. There are currently no dilutive potential ordinary shares.
6 months Period from
period 5 February
ended 2015 (inception)
to
30 June 30 June
2016 2015
(Unaudited) (Unaudited)
Earnings (GBP)
(193,138) (98,014)
Weighted average number
of shares (unit) 6,007,576 196,919
Per-share amount (pence) (3.21)p (49.77)p
5. SHARE CAPITAL & RESERVES
As at As at As at
30 June 31 December 30 June
2016 2015
(Unaudited) 2015 (Unaudited)
(Audited)
GBP GBP
GBP
Allotted, called up
and fully paid
(Ordinary shares of
GBP0.01 each) 1,125,000 125,000 125,002
On 29 January 2016, the Company issued 10,000,000 Ordinary shares of GBP0.01 each at a price of 10 pence per share as part of the Initial Public Offering of the Company's shares.
6. RELATED PARTY TRANSACTION
The Directors are considered to be the key management personnel. Details concerning Directors remuneration can be found below.
6 months Period
from
period February
ended 2015
30 June (inception)
to 30
June 2015
2016 (Unaudited)
(Unaudited)
GBP GBP
Robert Pincock
Fee 7,500 2,500
Allowance - -
Abd Hadi Bin Abd Majid
Fee 5,000 -
Maurice James Malcolm
Groat 1,667 -
Fee
------------- -------------
14,167 2,500
------------- -------------
7. SUBSEQUENT EVENTS
There are no subsequent events requiring disclosure in these financial statements.
For more information:
daVictus plc
Robert Pincock +603 5613 3388
Beaumont Cornish Limited (Financial
Adviser)
+44 (0) 20 7628
Roland Cornish and Emily Staples 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR PGUGWBUPQGPG
(END) Dow Jones Newswires
September 21, 2016 08:34 ET (12:34 GMT)
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