Hmmm..?30 Sep 2014 22:39
RESULTS AND DIVIDENDS
The Company made a profit after taxation from continuing operations of £291,000 (2013: loss of £2,058,000). The Directors do not propose a dividend (2013:£nil).
PRINCIPAL ACTIVITIES AND REVIEW OF THE BUSINESS DURING THE YEAR
As highlighted in the Chairman's statement, during the year the Company decided to dispose of its software operations, changed its name from Avia Health Informatics plc and become an investment company focused on emerging technologies and advanced materials. As part of this process the Company raised £380,000 (before expenses) in October 2013, to enable it to implement its investing policy and to settle various outstanding creditors, including the amount owed under the CVA (which totalled £5,000, before expenses).
Since the year end, the Company has raised additional equity funds of £100,000 and has commenced the implementation of its investing policy to satisfy the requirements of Rule 15 of the AIM Rules for Companies.
KEY PERFORMANCE INDICATORS ("KPIs")
The Company's activity has changed to that of an investing company and as such going forward the Directors will focus principally on the development of the Company's net asset value.