Red Leopard Holdings Regulatory News (RLH)

24 Sep 2007 15:53

Red Leopard Holdings PLC24 September 2007 RED LEOPARD HOLDINGS PLC Interim Accounts for Red Leopard Holdings Plc ("Red Leopard" or the Group") for the six months ended 30 June 2007. Red Leopard presents the unaudited interim accounts for the six months ended30th June 2007. The Board is continuing to focus on property development joint ventures ("JVs")to develop residential apartments, as outlined previously. A copy of the interim results will be available on the Company's websitewww.redleopardholdings.com For further information, please contact: Clive Russell, Red Leopard Holdings Plc, Tel: 07799 623412Shane Gallwey, Blue Oar Securities Plc, Tel: 020 7448 4400 Red Leopard Holdings PlcCondensed Consolidated Income StatementFor the period from 1 January 2007 to 30 June 2007 6 months ended 30 June 6 months ended 30 June 2007 (unaudited) 2006 (unaudited) Note £ £ Revenue - -Operating expenses (109,752) (256,042) Operating Loss (109,752) (256,042) Investment income 2,231 6,473Finance Costs (6,238) - ________ _________Loss before taxation 3 (113,759) (249,569) Taxation - - ________ _________ Loss after taxation (113,759) (249,569) Basic & diluted earnings per Ordinary Share 7 (0.05) (0.11)(pence) Dividends per share (pence) - - Red Leopard Holdings PlcCondensed Consolidated Balance SheetAs at 30 June 2007 30 June 2007 31 December 2006 (unaudited) (unaudited) Note £ £ £ £AssetsNon-Current AssetsIntangible assets - -Plant, property and equipment 573 839Financial assets - - - - _____ _____ _____ _____ 573 839Current AssetsReceivables 105,241 77,615Investments 150,000 150,000Cash and cash equivalents 13,747 169,054 _____ _____ _____ _____ 268,988 396,669Total Assets 269,561 397,508 SHAREHOLDERS EQUITY & LIABILITIESEquityCalled up share capital 4 492,160 492,160Share premium account 5 2,552,491 2,552,491Profit & Loss account (3,255,874) (3,142,115) _____ _____ _____ _____ (211,223) (97,464) Non-Current Liabilities 6 421,874 421,874Current Liabilities 58,910 73,098Total Shareholders' Equity and Liabilities 269,561 397,508 Red Leopard Holdings PlcCondensed Consolidated Cash Flow StatementFor the period from 1 January 2007 to 30 June 2007 6 months ended 30 6 months ended 30 June 2007 June 2006 (unaudited) (unaudited) £ £ Net cash generated from operating activities (151,300) (186,435)Net cash generated from investing activities (4,007) 6,473Net cash generated from financing activities - (395) ________ ________Net increase in cash equivalents (155,307) (180,357)Cash and cash equivalents as at 1 January 2007 169,054 549,802 ________ ________Cash and cash equivalents as at 30 June 2007 13,747 369,445 Red Leopard Holdings PlcCondensed Consolidated Statement of Changes in EquityFor the period from 1 January 2007 to 30 June 2007 Period ended 30 June Period ended 30 June 2007 (unaudited) 2006 (unaudited) £ £ Opening shareholders equity (97,464) (1,896,470) Net income in the period (113,759) (249,569)Dividend distribution - - _________ _________Closing shareholders Equity (211,223) (1,646,901) Red Leopard Holdings PlcNotes to the Interim ReportFor the period from 1 January 2007 to 30 June 2007 1. Basis of preparation of the Interim Report This interim report is the first published financial information released underInternational Financial Reporting Standards (IFRS's). As a result of the firsttime adoption of the IFRS's the comparative figures have been restated to complywith the IFRS's. 2. Accounting Policies The company's accounting policies are not materially effected by the transitionto IFRS's. No reconciliations have been provided as the conversion to IFRS'shas not affected the reported financial position of the entity as at 31 December2006. The same accounting policies and methods of computation have been used inthe interim financial statements as compared with the most recent annualfinancial statements. 3. Loss before taxation The loss for the period is representative of operational overheads incurred inthe period. 4. Called up share capital The issued share capital comprises 246,080,000 ordinary shares of 0.2p each,consisting of 80,000 shares of £1 each issued as 80,000 £1 subscriber shares onincorporation and converted into 0.2p shares, 149,830,000 ordinary shares issuedat a price of 1p per ordinary share, and 56,250,000 ordinary shares issued at aprice of 3.25p per ordinary share. 5. Share premium The share premium represents: £Premium arising on issues of ordinary shares. 2,552,491 6. Non-current liabilities This balance relates to 3% unsecured Loan Notes, issued on 25 September 2006,redeemable at par on or before March 2015. Loan Notes are convertible intoOrdinary shares at the mid market price of Red Leopard Holdings Plc on the daythat notice of conversion is sent to Noteholders at the option of Red LeopardHoldings Plc. 7. Reported earning per share Basic and diluted earnings per Ordinary Share is calculated based on the lossafter taxation of £(113,759) and on the number of ordinary shares in issue(246,080,000) at 30th June 2007. 8. Preparation of Interim Report The interim financial information for the period from 1 January 2007 to 30 June2007 was approved by the Directors on the 18th September 2007 9. Financial information The finance information in this statement does not constitute statutory accountswithin the meaning of section 240 of the Companies Act 1985. This information is provided by RNS The company news service from the London Stock Exchange