Interim Results
November 30 2005 - 4:26AM
UK Regulatory
RNS Number:8864U
Base Group PLC
30 November 2005
Unaudited Interim Results for Base Group plc
for the 6 months ended 31 August 2005
Chairman's Statement
I am pleased to present the results for Base Group plc
for the six months ended 31 August 2005.
The pre-tax loss for the six month period was #35,000 (2004: loss of #84,000)
which represented essential operating costs. The cash balance was #41,000 at 31
August 2005.
The Board remain committed to finding a suitable reversal and are reviewing a
number of acquisition opportunities.
Adrian Bradshaw
Chairman
30 November 2005
For further information, contact
Adrian Bradshaw
020 7495 5524
Base Group plc
Unaudited results for six months ended 31 August 2005
Consolidated Profit and Loss Account
6 months 6 months 12 months
to 31/08/05 to 31/08/04 to 28/02/05
(Unaudited) (Unaudited) (Audited)
Note #000 #000 #000
Turnover - - -
Cost of sales - - -
__________ __________ __________
Gross profit - - -
Administrative expenses (39) (92) (157)
__________ __________ __________
(39) (92) (157)
Other operating income - 5 -
__________ __________ __________
Operating loss (39) (87) (157)
Net interest receivable 4 3 4
__________ __________ __________
Loss on ordinary activities before taxation (35) (84) (153)
Taxation - - -
__________ __________ __________
Loss for the financial period (35) (84) (153)
__________ __________ __________
Loss per ordinary share:
Basic 3 (0.004)p (0.01)p (0.02)p
Diluted (0.004)p (0.01)p (0.02)p
All results are derived from discontinued operations.
There were no recognised gains and losses other than the reported losses above.
Unaudited results for six months ended 31 August 2005
Consolidated Balance Sheet
6 months 6 months 12 months
to 31/08/05 to 31/08/04 to 28/02/05
(Unaudited) (Unaudited) (Audited)
#000 #000 #000
Fixed Assets
Intangible assets - - -
Tangible assets - - -
_____________ ___________ ___________
- - -
Current Assets
Debtors 4 12 5
Cash at bank and in hand 41 153 64
_____________ ___________ ___________
45 165 69
Creditors: Amounts falling due within one year (67) (83) (56)
_____________ ___________ ___________
Net current (liabilities)/assets (22) 82 13
_____________ ___________ ___________
_____________ ___________ ___________
Total assets less current liabilities (22) 82 13
_____________ ___________ ___________
Capital and reserves
Called up share capital 8,498 8,399 8,498
Shares to be issued - 99 -
Share premium account 3,011 3,011 3,011
Other reserves - - -
Profit and loss account (11,531) (11,427) (11,496)
_____________ ___________ ___________
Equity shareholders' funds (22) 82 13
_____________ ___________ ___________
Consolidated cash flow statement
for the six months ended 31st August 2005
6 months 6 months 12 months
to 31/08/05 to 31/08/04 to 28/02/05
(Unaudited) (Unaudited) (Audited)
Note #000 #000 #000
Net cash outflow from operating 1 (27) (74) (164)
activities
Returns on investments and servicing of
finance
Net interest received 4 3 4
__________ __________ __________
Cash outflow before financing (23) (71) (160)
Management of liquid resources - - 219
___________ __________ ___________
Decrease in cash in the period (23) (71) 59
__________ __________ ___________
Unaudited results for six months ended 31 August 2005
Reconciliation of movements in shareholders' funds
for the six months ended 31 August 2005
6 months 6 months 12 months
to 31/08/05 to 31/08/04 to 28/02/05
(Unaudited) (Unaudited) (Audited)
#000 #000 #000
Loss for the financial year (35) (84) (153)
Opening shareholders' funds 13 166 166
____________ _________ ___________
Closing shareholders' funds (22) 82 13
____________ _________ ___________
Unaudited results for six months ended 31 August 2005
Notes to the Interim Accounts
1. Reconciliation of operating loss to net cash flow from operating activities
6 months 6 months 12 months
to 31/08/05 to 31/08/04 to 28/02/05
(Unaudited) (Unaudited) (Audited)
#000 #000 #000
Operating loss (39) (87) (157)
Working capital movements 12 13 (7)
____________ ___________ _____________
Net cash outflow from operating (27) (74) (164)
activities _____________ ___________ _____________
2. This interim report was neither audited nor reviewed by the auditors. It does
not constitute statutory accounts within the meaning of s240 of the Companies
Act 1985, but has been prepared using the accounting policies set out in the
Group's 2005 Statutory Accounts. The financial information for the twelve months
ended 28 February 2005 was derived from the latest Group accounts, which have
been filed with the Registrar of Companies and received an unqualified audit
report which did not contain statements under s237(2) or (3).
3. Loss per share was calculated on the group loss for the financial period and
on the weighted average number of ordinary shares during the period of
849,881,049 (31 August 2004 : 839,944,149). The adjusted loss per share is
calculated before exceptional items and charges for goodwill amortisation.
4. The Board approved these Interim Accounts on 30 November 2005.
FOR FURTHER INFORMATION PLEASE CONTACT:
Base Group plc
Adrian Bradshaw
Chairman
Tel: 020 7495 5524
This information is provided by RNS
The company news service from the London Stock Exchange
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