![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Principle Cap. | LSE:PCX | London | Ordinary Share | LU0203938583 | ORD �1 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8593R Principle Capital Holdings S.A. 28 September 2005 Principle Capital Holdings S.A. (the "Company" and together with its subsidiary companies the "Group") INTERIM RESULTS FOR THE PERIOD 1 JANUARY 2005 TO 30 JUNE 2005 CHIEF EXECUTIVE'S STATEMENT Since our operational businesses, Principle Capital Partners Limited and Principle Capital Advisors Limited (together "Principle Capital") began trading in November last year, we have been focusing on our business strategy outlined in the AIM prospectus last year. Our investment in Nord Anglia Education plc, through our first investment vehicle, called Bulldog Financial Limited, progresses well. Nord Anglia is a leading provider of education, training and childcare and which is listed on the London Stock Exchange. We have had a number of useful interactions with the management of Nord Anglia and are confident in our underlying assessments of the opportunity. Following on from the successful establishment of Bulldog Financial Limited, we hope this will also lead to similar further one-off investment opportunities and we have a number of investments under research at the moment. Our investment in Liberty plc, the major London retailer, has performed well in the period, with the share price of Liberty increasing by 26% from 215p at 31 December 2004 to 270p at 30 June 2005. Recent results give us increasing confidence in the underlying value of this investment and its future growth prospects and we are fully supportive of the efforts by management to develop the Liberty offering and brand. Principle Capital continues to focus its efforts on raising investment funds. We are pleased with our progress to date and we will update shareholders with news at the appropriate time. I would like to thank everybody involved with Principle Capital for all their work to date in continuing to establish and promote our business. Brian Myerson Chief Executive For further information please contact: Brian Padgett +41 22 908 1191 These interim results have been sent to shareholders and copies of them are available to the public, free of charge, for a period of one month from the date of this announcement. CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE PERIOD FROM 1 JANUARY 2005 ENDED 30 JUNE 2005 Group 2005 # TURNOVER Advisory fees 11,200 11,200 OTHER INCOME Unrealised gains on investments 621,408 Realised loss on sale of investments (438,238) 183,170 GROSS PROFIT 194,370 Administrative expenses (672,558) OPERATING LOSS (478,188) Interest receivable and similar income 227,589 LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION (250,599) Taxation (8,120) LOSS ON ORDINARY ACTIVITIES AFTER TAXATION (258,719) Minority interests 160,333 RETAINED LOSS FOR THE FINANCIAL PERIOD (98,386) The notes set out below form an integral part of these statements. The turnover and operating loss of the Group are derived entirely from continuing operations. The Group made no recognised gains or losses other than those reported in the profit and loss account. There was no activitiy in the Group during the period 29 December 2003 (the date of incorporation) and 30 June 2004. CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2005 Group Group June 2005 Dec 2004 # # FIXED ASSETS Tangible assets 24,143 - Shares in Group undertakings - - Other investments 4,327,928 2,731,521 4,352,071 2,731,521 CURRENT ASSETS Debtors 150,161 48,605 Cash at bank and in hand 8,686,278 10,698,764 8,836,439 10,747,369 CREDITORS: amounts falling due within one year (92,974) (124,635) NET CURRENT ASSETS 8,743,465 10,622,734 NET ASSETS 13,095,536 13,354,255 CAPITAL AND RESERVES Called up share capital 8,999,806 8,999,806 Share premium account 6,250,000 6,250,000 Profit and loss account (1,946,62) (1,848,24) TOTAL EQUITY SHAREHOLDERS' FUNDS 13,303,178 13,401,563 Minority interests (207,642) (47,308) 13,095,536 13,354,255 The notes set out below form an integral part of these statements. CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD FROM 1 JANUARY 2005 TO 30 JUNE 2005 Group June 2005 # Operating activities Net cash outflow from operating activities (573,148) Capital expenditure Payments to acquire tangible assets (26,100) Acquisitions and disposals Payments to acquire investments (2,445,238) Receipt from sale of investments 1,032,000 (Decrease) in cash in the period (2,012,486) Reconciliation of net cash flow to movement in net debt (Decrease) in cash in the period (2,012,486) Movement in net funds in the period (2,012,486) Net funds at 1 January 2005 10,698,764 Net funds at 30 June 2005 8,686,278 NOTES TO THE INTERIM STATEMENTS FOR THE PERIOD FROM 1 JANUARY 2005 TO 30 JUNE 2005 Basis of accounting The accounts have been prepared in accordance with applicable accounting standards in the United Kingdom and under the historical cost convention. The interim statements cover the period from 1 January 2005 to 30 June 2005. Basis of consolidation The interim statements of the Company's subsidiaries are included in the consolidated interim statements. Intra-group balances and transactions, and any related gains and losses arising from intra-group transactions, are eliminated in preparing the consolidated interim statements. Acquisitions of subsidiaries are accounted for by application of the purchase method of accounting. Revenue recognition Revenue is recognised on an accruals basis. Set up costs Set up costs have been written off in full in the first accounting period. Bases of conversion for items originally expressed in foreign currency The Company maintains its accounts in Pounds Sterling ("#") and the balance sheet and profit and loss account are expressed in this currency. Financial assets denominated in other currencies are translated into # at the historical exchange rates. Other assets and liabilities expressed in other currencies are translated into # at the rates of exchange in effect at the balance sheet date. Realised and unrealised exchange gains and losses are recognised in the profit and loss account. Income and charges denominated in foreign currencies are recorded at the rate prevailing on the transaction date. Tangible Fixed Assets Fixed assets are shown at historical cost. Depreciation is provided after taking account of any grants receivable at the following annual rate in order to write off each asset over its estimated life by the reducing balance method. Fixtures and Equipment 15% Financial fixed assets Financial assets are initially recognised at cost (which includes transaction costs) on their trade date. They are subsequently re-measured at fair value based on quoted mid market prices at period-end. Financial assets for which no quoted price exists, are fair valued using a net assets value basis, which is the method that best reflects the value that these assets could be sold in an open market. Gains and losses resulting from the changes in fair value are recognised in the profit and loss account as they arise. Valuation of debtors Debtors are stated at their nominal value. Value adjustments are recorded at the end of the financial year if the net realisable value is lower than the book value. Valuation of creditors Creditors are recorded at their nominal value. Taxation The charge for taxation is based on the profit for the period and takes into account taxation deferred or accelerated because of timing differences between the treatment of certain items for accounting and taxation purposes. Deferred taxation (which arises from differences in the timing of the recognition of items, principally depreciation, in the accounts and by the tax authorities) has been calculated on the liability method. Deferred tax is provided on timing differences, which will probably reverse at the rates of tax likely to be in force at the time of reversal. Deferred tax is not provided using timing differences which, in the opinion of the Directors, will probably not reverse. This information is provided by RNS The company news service from the London Stock Exchange END IR KVLBLEKBBBBV
1 Year Principle Cap. Chart |
1 Month Principle Cap. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions