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PACC Prime Active

5.50
0.00 (0.00%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Prime Active LSE:PACC London Ordinary Share IE00B1Z9ZG98 ORD EUR0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Prime Active Capital PLC Interim Results 2015 (2852A)

25/09/2015 4:46pm

UK Regulatory


Prime Active (LSE:PACC)
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From Jun 2019 to Jun 2024

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TIDMPACC

RNS Number : 2852A

Prime Active Capital PLC

25 September 2015

CHAIRMAN'S STATEMENT

The interim statement to the 30 June 2015 reflects the Group as an investing company as defined under Rule 15 of the AIM Rules and the ESM Rules.

Under these same rules, on the 4(th) September 2015, Prime Active Capital announced that the Company's shares would be suspended from trading on AIM and ESM as the Company had not implemented its investing policy within the first twelve months of becoming an investing company.

The Company continues to actively work towards implementing its investing policy and will keep shareholders informed of developments. In the event the Company is unable to implement its investing policy within the next six months (i.e. by 3 March 2016), admission of the Company's shares will be cancelled in accordance with Rule 41 of the AIM Rules and Rule 41 of the ESM Rules.

On the 4(th) September 2015, Prime Active Capital also announced that, further to the disposal of its US assets announced on 1 August 2014, the Company had received the deferred consideration of $1.3 million from the purchaser which had been held in escrow for 12 months for the purposes of covering warranty and indemnity claims.

Dermot Martin

Executive Chairman

25 September 2015.

CONSOLIDATED INCOME STATEMENT (UNAUDITED)

 
                                                    Unaudited   Unaudited 
                                                     6 months    6 months 
                                                        ended       ended 
                                                      30 June     30 June 
                                                         2015        2014 
                                                      EUR'000     EUR'000 
 Continuing operations 
 Revenue                                                    -           - 
 Cost of sales                                              -           - 
-------------------------------------------       -----------  ---------- 
 Gross profit                                               -           - 
 
 Selling and distribution                                   -           - 
  costs 
 Administration 
  expenses                                              (136)       (277) 
 Other losses                                           (322)       (175) 
------------------------------------------------  -----------  ---------- 
 Operating loss                                         (458)       (452) 
 Finance income                                           114           - 
 Finance costs                                              -       (223) 
------------------------------------------------  -----------  ---------- 
 Loss before 
  tax                                                   (344)       (675) 
 
 Income tax charge                                          -         (2) 
------------------------------------------------  -----------  ---------- 
 Loss for period from continuing 
  operations                                            (344)       (677) 
-----------------------------------------------   -----------  ---------- 
 
 Discontinued 
  operations 
 Loss for the period from discontinued 
  operations after tax                                  (152)     (1,284) 
 Loss for the 
  period                                                (496)     (1,961) 
------------------------------------------------  -----------  ---------- 
 
 
 Loss per share from continuing operations 
  - Basic and 
   diluted                                            (1.52c)     (2.98c) 
------------------------------------------------  -----------  ---------- 
 
 Loss per share from discontinued 
  operations 
  - Basic and 
   diluted                                            (0.67c)     (5.69c) 
------------------------------------------------  -----------  ---------- 
 
 Loss per share 
 From continuing and discontinued 
  operations 
  - Basic and 
   diluted                                            (2.19c)     (8.67c) 
------------------------------------------------  -----------  ---------- 
 
 

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)

 
                                           Unaudited   Unaudited 
                                            6 months    6 months 
                                               ended       ended 
                                             30 June     30 June 
                                                2015        2014 
                                             EUR'000     EUR'000 
 
 Loss for the period                           (496)     (1,961) 
 Other comprehensive income/(expense): 
  Items that may subsequently be 
  reclassified to profit or loss 
 Exchange movement                               450         212 
----------------------------------------  ----------  ---------- 
 Total comprehensive expense for 
  the year                                      (46)     (1,749) 
----------------------------------------  ----------  ---------- 
 
 
 Attributable to: 
 Equity holders of the Company                  (46)     (1,753) 
 Non-controlling interest                          -           4 
----------------------------------------  ----------  ---------- 
                                                (46)     (1,749) 
 ---------------------------------------  ----------  ---------- 
 

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)

 
                                                        Unaudited          Unaudited              Audited 
                                                   6 months ended           6 months                 year 
                                                     30 June 2015              ended                ended 
                                                                        30 June 2014         31 Dec. 2014 
                                                          EUR'000            EUR'000              EUR'000 
 Assets 
 Current assets 
 Inventories                                                    -              1,667                    - 
 Trade and other receivables                                   26              2,040                  762 
 Cash and cash equivalents                                    133                360                  236 
 Other loans and receivables                                1,188                  -                1,153 
                                                            1,347              4,067                2,151 
----------------------------------------------  -----------------  -----------------  ------------------- 
 
 Non-current assets 
 Property, plant and equipment                                  1              1,597                    2 
 Intangible assets                                              -              3,907                    - 
                                                                1              5,504                    2 
----------------------------------------------  -----------------  -----------------  ------------------- 
 
 Total assets                                               1,348              9,571                2,153 
 
 Liabilities 
 Current liabilities 
 Trade and other payables                                     123              6,202                  854 
 Current income tax liabilities                                 1                  2                    1 
 Borrowings                                                     -              1,390                    - 
 Provisions for other liabilities and charges                 183                455                  211 
                                                              307              8,049                1,066 
----------------------------------------------  -----------------  -----------------  ------------------- 
 
 Total liabilities                                            307              8,049                1,066 
 
 Net assets                                                 1,041              1,522                1,087 
----------------------------------------------  -----------------  -----------------  ------------------- 
 
 Equity 
 Ordinary shares                                           11,341             11,341               11,341 
 Share premium                                             16,444             16,444               16,444 
 Other reserves                                             3,255              2,762                2,805 
 Retained earnings                                       (29,999)           (29,029)             (29,503) 
 
 Non-controlling interest                                       -                  4                    - 
----------------------------------------------  -----------------  -----------------  ------------------- 
 
 Total equity                                               1,041              1,522                1,087 
----------------------------------------------  -----------------  -----------------  ------------------- 
 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

 
                                     Share                                    Total 
                      Share        premium        Other     Retained   attributable    Non-controlling    Total Equity 
                    Capital        reserve     Reserves     Earnings             to           Interest 
                                                                       shareholders 
                    EUR'000        EUR'000      EUR'000      EUR'000        EUR'000            EUR'000         EUR'000 
 
 At 1 January 
  2015               11,341         16,444        2,805     (29,503)          1,087                  -           1,087 
---------------  ----------  -------------  -----------  -----------  -------------  -----------------  -------------- 
 Comprehensive 
 income: 
 Loss for 
  period                  -              -            -        (496)          (496)                  -           (496) 
 Other 
 comprehensive 
 income: 
 Exchange 

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September 25, 2015 11:46 ET (15:46 GMT)

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