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Name | Symbol | Market | Type |
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Spdr Glob Infra | LSE:GIN | London | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.10 | -0.39% | 25.80 | 25.75 | 25.85 | 353 | 16:35:02 |
RNS Number:5081D Gaming Insight PLC 30 September 2004 Gaming Insight plc ("the Company") Interim Results Chairman's Statement for the six months ended 30 June 2004 Group Results I am reporting the interim results for Gaming Insight plc for the six-month period ended 30 June 2004. For the six months to 30 June 2004, pre tax losses were #0.12 million compared to losses of #2.1 million in the prior period, largely as a result of the closure of Gobarkingmad Limited ("GBM"). Loss per share was (0.01)p from a prior period EPS of (0.27)p. There was no turnover in the period, as the Company does not have any operating subsidiaries. In December 2003 the Company entered into an agreement with Highland Fund Advisors and Brookspey Limited ( a company controlled by Mr Nigel Robertson, the Chairman of the Company) securing loan facilities of #500,000. #100,000 of this facility was drawn down in December 2003 and the balance of #400,000 was drawn in January 2004. On 16 April 2004, Racing Network.co.uk, in which the Company has a 51% interest, was placed into liquidation. The Company's investment and debt in Racing Network.co.uk was fully provided for and the small gain arising out of the liquidation has been reflected in the financial results for the period. Outlook We are continuing to look at suitable opportunities for acquisitions and the future of the Company is dependent on its ability to successfully complete an acquisition and raise additional funds that may be required as part of an acquisition. Nigel Robertson Chairman 30 September 2004 Consolidated Profit and Loss Account For the six months ended 30 June 2004 (unaudited) Note 6 months ended 6 months ended 12 months to 30 June 2004 30 June 2003 December 2003 (unaudited) (unaudited) (audited) #000 #000 #000 Turnover - 2,079 2,204 Costs of Sales - (1,929) (2,008) ------------------------------------------------------------------------------- Gross Profit - 150 196 Administrative Expenses (130) (2,232) (2,676) Depreciation (4) (12) (30) ------------------------------------------------------------------------------- Operating loss (134) (2,094) (2,510) Gain on liquidation of 36 1,758 a subsidiary Net interest (payable) (20) 5 (4) /receivable Taxation - - - ------------------------------------------------------------------------------- Loss after taxation (118) (2,089) (756) ------------------------------------------------------------------------------- Loss per share 4 (0.01) p (0.27)p (0.1)p ------------------------------------------------------------------------------- All recognised gains and losses are included in the profit and loss account. Consolidated Balance Sheet At 30 June 2004 (unaudited) 30 June 30 June 31 December 2004 2003 2003 (unaudited) (unaudited) (unaudited) #000 #000 #000 Fixed Assets Tangible Assets 4 33 8 ------------------------------------------------------------------------------- Total Fixed Assets 4 33 8 ------------------------------------------------------------------------------- Current Assets/(Liabilities) Cash 115 284 77 Debtors 35 320 60 Creditors: amounts falling due within (1,286) (2,984) (834) one year Total Assets less Current (1,132) (2,347) (689) Liabilities ------------------------------------------------------------------------------- Creditors: amounts falling due after - - (325) more than one year ------------------------------------------------------------------------------- Net Liabilities (1,132) (2,347) (1,014) ------------------------------------------------------------------------------- Capital and reserves Share capital - Issued and fully 8,230 8,230 8,230 paid - Deferred 36,657 36,657 36,657 Share premium account 9,804 9,804 9,804 Profit and loss account (55,823) (57,038) (55,705) ------------------------------------------------------------------------------- Shareholders' Deficit (1,132) (2,347) (1,014) ------------------------------------------------------------------------------- Consolidated cash flow statement For the 6 months ended 30 June 2004 (unaudited) 6 months ended 6 months ended 12 months ended 30 June 2004 30 June 2003 31 December 2003 (unaudited) (unaudited) (audited) #000 #000 #000 Net cash outflow from operating activities (312) (1,741) (2,101) Returns on investments and servicing of finance Interest received 3 5 7 Interest payable (23) - (11) ------------------------------------------------------- Net cash flow from returns on investments and servicing of finance (20) 5 (4) ------------------------------------------------------- Capital expenditure and financial investment Purchase of tangible fixed assets - (7) (2) ------------------------------------------------------- Net cash outflow from capital expenditure and financial investment - (7) (2) ------------------------------------------------------- Acquisitions and disposal Cash disposed of on liquidation (16) Of subsidiary Financing Issue of loans 400 325 455 Repayment of loans (30) (684) (45) Issue of shares - 2,260 1,664 ------------------------------------------------------- Net cash inflow from financing 370 1,901 2,074 Increase/(Decr ease) in cash 38 158 (49) ======================================================= Notes to the Interim Report 1 BASIS OF PREPARATION The interim accounts for the six months ended 30 June 2004 are unaudited and do not constitute statutory accounts in accordance with section 240 of the Companies Act 1985. The financial information has been prepared in accordance with applicable accounting standards and under the historical cost accounting convention. Accounting policies consistent with those applied in the financial statements for the year ended 31 December 2003 have been used in preparing the unaudited interim financial statements for the 6 months ended 30 June 2004. 2 DIVIDENDS The Directors are not declaring a dividend for the six months ended 30 June 2004. 3 TAXATION There is no tax charge for the period due to the loss arising. 4 LOSS PER SHARE The calculation of the loss per share is based on the loss for the period of #118,000 (30 June 2003 - #2,089,000; 31 December 2003 - #756,000) and the weighted average number of shares in issue during the period of 823,029,839 (30 June 2002 - 785,363,172; 31 December 2003 - 804,196,506). A diluted earnings per share is not presented because the options in issue are anti-dilutative. 5 COPIES OF INTERIM RESULTS Copies of the interim results are available from the Company's office at 22 Soho Square, London W1D 4NS. This information is provided by RNS The company news service from the London Stock Exchange END IR SELFAUSLSEDU
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