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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 : 8031Y
daVictus plc
24 August 2018
daVictus plc
("daVictus" or the "Company")
Interim results for the 6 months ended 30 June 2018
Chairman's Statement
I am pleased to report the condensed interim financial statements of Davictus PLC (the "Company" or "Davictus") for the six months ended 30 June 2018.
For the first half of 2018, the Directors have actively discussed with potential target companies in the food and beverages ("F&B") sector - which operate in or own Western food and beverage F&B eatery franchises in South East Asia and/or the Far East, however, none of which has met the necessary criteria for selection to date.
While we continue our efforts to identify targets for acquisition, the Company has sufficient funds for general corporate purposes and pre-acquisition activities, including on-going costs and expenses such as Directors' fees and salaries, due diligence costs and other costs of sourcing, reviewing and to pursue potential acquisitions.
We are encouraged by both business opportunities and positive start we have made to the current year and we would always remain optimistic in respect of target acquisition.
I look forward to the year ahead with gratitude to the support from our shareholders.
Director's Statement
During the reporting period, the Company reported a net loss of GBP58,099
At 30 June 2018, the Company had cash in bank of GBP431,122.
There are a number of potential risks and uncertainties which may have 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 any changes on the principal risks and uncertainties since the publication of the annual report for the year ended 31 December 2017, which contained a detailed explanation of the risks relevant to the Company, is also available at http://www.davictus.co.uk.
The Board looks forward to providing further updates to the shareholders in due course.
Responsibility Statement
The Directors are responsible for preparing the Condensed Interim 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 interim financial statements have 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.
Director
24 August, 2018
CONDENSED STATEMENT OF COMPREHESIVE INCOME (UNAUDITED)
FOR THE SIX MONTHSED 30 JUNE 2018
Hot Features
Premium
Notes 6 months period ended 6 months
30 June 2018 period ended
30 June 2017
GBP GBP
(Unaudited) (Unaudited)
---------------------- --------------
Interest income 639 -
Operating expenses (58,737) (54,010)
---------------------- --------------
OPERATING LOSS BEFORE TAXATION (58,099) (54,010)
Income tax expense 3 - -
---------------------- --------------
LOSS FOR THE PERIOD ATTRIBUTABLE
TO
EQUITY HOLDERS OF THE COMPANY (58,099) (54,010)
Basic and diluted loss per share
(pence) 4 (0.52) p (0.48) p
====================== ==============
CONDENSED STATEMENT OF FINANCIAL POSITION (UNAUDITED)AS AT 30 JUNE 2018
Notes As at As at As at
30 June 30 June 31 December
2018 2017 2017
GBP GBP GBP
(Unaudited) (Unaudited) Audited
CURRENT ASSETS
Cash and cash equivalents 431,122 569,953 484,390
-------------
431,122 569,953 484,390
CURRENT LIABILITIES
Other payables 19,786 14,779 6,954
Accruals 2,000 - 10,000
Amount owing to directors 318 318 318
----------------- ----------------- -------------
22,104 15,097 17,272
----------------- ----------------- -------------
NET ASSETS 409,019 554,856 467,188
================= ================= =============
EQUITY ATTRIBUTABLE
TO EQUITY HOLDERS OF
THE COMPANY
Stated capital 5 1,053,400 1,053,400 1,053,400
Accumulated losses (644,381) (498,544) (586,282)
----------------- ----------------- -------------
TOTAL EQUITY 409,019 554,856 467,118
================= ================= =============
CONDENSED STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE SIX MONTHSED 30 JUNE 2018
6 months 6 months
period ended period ended
30 June 2018 30 June 2017
GBP GBP
(Unaudited) (Unaudited)
Cash flow from operating activities
Operating loss (58,099) (54,010)
-------------- --------------
Increase/(decrease) in other payables 4,832 (8,257)
-------------- --------------
Net cash flow used in operating
activities (53,268) (62,267)
-------------- --------------
Net increase in cash and cash equivalents (53,268) (62,267)
Cash and cash equivalents at beginning
of period 484,390 632,220
-------------- --------------
Cash and cash equivalents at end
of period 431,122 569,953
============== ==============
STATEMENT OF CHANGES IN EQUITY (UNAUDITED)
FOR THE SIX MONTHSED 30 JUNE 2018
Period from 1 January 2018 to 30 June 2018
Stated capital Accumulated Total
losses
GBP GBP GBP
As at 1 January 2018 1,053,400 (586,282) 467,118
Loss for the period - (58,099) (58,099)
--------------- ----------------- -------------------------
Total comprehensive loss
for the period - (58,099) (58,099)
--------------- ----------------- -------------------------
As at 30 June 2018 1,053,400 (644,381) 409,019
=============== ================= =========================
Period from 1 January 2017 to 30 June 2017
Stated capital Accumulated Total
losses
GBP GBP GBP
As at 1 January 2017 1,053,400 (444,534) 608,866
Loss for the period - (54,010) (54,010)
--------------- ----------------- -------------------------
Total comprehensive loss
for the period - (54,010) (54,010)
--------------- ----------------- -------------------------
As at 30 June 2017 1,053,400 (498,544) 554,856
=============== ================= =========================
For the year ended 31 December 2017
Stated capital Accumulated Total
losses
GBP GBP GBP
As at 1 January 2017 1,053,400 (444,534) 608,866
Loss for the year - (141,748) (141,748)
--------------- ------------ -----------------
Total comprehensive loss
for the period - (141,748) (141,748)
--------------- ------------ -----------------
As at 31 December 2017 1,053,400 (586,282) 467,118
=============== ============ =================
NOTES TO THE CONDENSED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED 30 JUNE 2018
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 six month period ended 30 June 2018 have been prepared in accordance with IAS 34 Interim Financial Reporting. It is unaudited and does not constitute statutory financial statements. The comparative interim financial information covers the period ended 30 June 2017.
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 year ended 31 December 2017, which have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union.
The condensed interim financial information 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 6 months
period ended period ended
30 June 2018 30 June 2017
Loss for the period (GBP)
(58,099) (54,010)
Weighted average number of
shares (Unit) 11,250,000 11,250,000
Loss per share (Pence) (0.52)p (0.48)p
5. STATED CAPITAL
As at As at As at
30 June 2018 31 December 30 June 2017
2017
GBP GBP GBP
Allotted, called up and fully
paid
(Ordinary shares of GBP0.01
each) 1,053,400 1,053,400 1,053,400
6. RELATED PARTY TRANSACTION
The directors are considered to be the key management personnel. Details concerning Directors remuneration can be found below:
6 months 6 months
period ended period ended
30 June 30 June
2018 2017
GBP GBP
Robert Pincock 7,500 7,500
Abd Hadi Bin Abd Majid 5,000 5,000
Maurice James Malcolm Groat 2,000 2,000
-------------- --------------
14,500 14,500
-------------- --------------
7. SEASONAL OR CYCLICAL FACTORS
There are no seasonal factors that materially affect the operations of the company in the Group.
8. SUBSEQUENT EVENTS
There are no subsequent events requiring disclosure in these interim financial statements.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
IR PGUPARUPRUQC
(END) Dow Jones Newswires
August 24, 2018 03:00 ET (07:00 GMT)
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