Northwest Investment Group Regulatory News (NWIG)

NORTHWEST INVESTMENT GROUP Ltd.

UNAUDITED INTERIM FINANCIAL STATEMENT

FOR THE 6 MONTHS ENDED 30 JUNE 2013

24 September 2013

Northwest Investment Group Ltd. ("NWIG" or the "Company") today announces its un-audited Interim Results for the period from Jan. 1, 2013 to June 30, 2013.

CHAIRMAN'S STATEMENT

On June 9 2010, Northwest Investment Group Ltd. ("NWIG" or the "Company") raised 3 million pounds from the investors and was successfully admitted to trading on the AIM market of the London Stock Exchange. We are continuing to seek out investment opportunities in the hydropower energy market in Western China in line with our investment policy. However, due to the current uncertainties in the financial market, we are being even more prudent in the pursuit of our investment objectives. Losses for the period amounted to £148,000 (2012: loss £175,000; year ended 31 December 2012 £336,000) and at the period end the Company had cash and cash equivalents of some £1,947,000, down from £2,177,000 at 31 December 2012.

At the Company's annual general meeting held on 30 June 2013, shareholders approved the Company's Investing Policy in preference to a potential liquidation.

Li Kaifeng

Chairman

A copy of the Interim Report will also be available on the Company's website shortly (http://www.northwestinv.com)

Contact Details:

STATEMENT OF COMPREHENSIVE INCOME

#denotes a figure which is less than £0.01

STATEMENT OF FINANCIAL POSITION

STATEMENT OF CHANGES IN EQUITY

CASH FLOW STATEMENT

NOTES TO THE INTERIM FINANCIAL STATEMENTS

1 GENERAL INFORMATION

Northwest Investment Group Limited is a company incorporated in British Virgin Islands on 26 August 2008 under The BVI Business Companies Act 2004. The company has been established for the purpose of identifying and acquiring, or investing in, energy projects with an initial focus on Western China. The address of the registered office is Sea Meadow House, Blackburne Highway, P. O. Box 116, Road Town, Tortola, British Virgin Islands.

The interim financial statements are presented in Pound Sterling.

The Company's Ordinary shares are traded on AIM, a market operated by the London Stock Exchange.

2 SUMMARY OF SIGNIFICANT ACCOUTING POLICIES

2.1 Statement of compliance 

The interim financial statements are for the six months ended 30 June 2013. They have been prepared in accordance with IAS34 Interim Financial Reporting.  They do not include all of the information required in annual financial statements in accordance with IFRS, and should be read in conjunction with the financial statements of for the year ended 31 December 2012.

2.2 Basis of preparation

These interim financial statements have been prepared in accordance with the accounting policies adopted in the last annual financial statements for the year ended to 31 December 2012 and those to be used for the year ending 31 December 2013.

The unaudited interim financial statement for the six months period ended 30 June 2013 do not constitute statutory accounts and have been drawn up using according polices and presentation expected to be adopted in the Company financial statement for the financial period ended 31 December 2012, which are not expected to be significantly different to those set out in note 2 to the Company audited financial statements for the period ended 31 December 2012.

These interim financial statements have been approved for issue by the Board of Directors on September 24, 2013.

3 CASH AND CASH EQUIVALENTS

Bank balances comprise cash held by the Company and short-term bank deposits with an original maturity of three months or less. The carrying amount of these assets approximates their fair value.

4 TRADE AND OTHER PAYABLES

The directors consider that the carrying amount of trade payables approximates to their fair value.

5 SHARE CAPITAL

The total authorised number of ordinary shares is 1 billion shares (2009: 1 billion shares) with par value of £0.05 per share (2009: £0.05 per share). All issued shares are fully paid.

On 16 March 2010, by written resolution, the company allotted additional 800,000 ordinary shares of £0.05 each with an aggregate nominal value of £40,000 for a total consideration of £200,000 fully paid.

On 3 June 2010, by written resolution, the company allotted an additional 12,000,000 ordinary shares of £0.05 each with an aggregate nominal value of £600,000 for a total consideration of £3,000,000 fully paid.

On 9 June 2010, the company's enlarged share capital was admitted to trading on AIM, a market operated by the London Stock Exchange.

On 1 December 2010, by written resolution, the company allotted 100,000 ordinary shares of £0.05 each with aggregate nominal value of £5,000 for a total consideration of £40,000, fully paid in January 2011.

On 8 June 2011, the Company authorize the sub-division of each of the ordinary shares of £0.05 each into 10 new ordinary shares of £0.005 each.

6 NOTES TO THE CASH FLOW STATEMENT

7 Expenses by nature

8 Employee benefit expenses

9 EARNING PER SHARE

The calculation of the basic earning per share is based on the profits attributable to ordinary shareholders divided by the weighted average number of shares in issue during the period.

The calculation of diluted earning per share is based on the basic earning per share, adjusted to allow for the issue of shares and the post tax effect of dividends and/or interest, on the assumed conversion of all dilutive options and other dilutive potential ordinary shares.

Reconciliation of the earning and weighted average number of share used in the calculations are set out below.

# denotes a figure which is less than £0.01

There are not potentially dilutive shares in issue.