Interim Results

29 Dec 2005 10:14

Legendary Investments PLC29 December 2005 LEGENDARY INVESTMENTS PLC INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2005 Chief Executive's Statement The first half of the year was disappointing. Various investments did notperform as expected and generated losses. Together with operating and interestcosts, net losses were £379,000. Your Company continues to make short and medium term investments in listedsecurities to make maximum use of available resources. Long term opportunitiesare also being sought and assessed. Shami Ahmed28 December 2005 PROFIT & LOSS ACCOUNT Six months Year Six months ended ended ended 30/09/05 31/03/05 30/09/04 unaudited audited Unaudited (£'000's) (£'000's) (£'000's) Turnover - - -Direct Costs - - - ----------- ------------ ------------ Gross Loss - - -AdministrativeExpenses (18) (149) (68) ------------- ------------ ------------ Net Profit /(Loss) onInvestments (335) (873) (176) Operating Profit/(Loss) (353) (1,022) (244) Interest receivable 3 8 2Interest payable (30) (80) (10) ----------------- ----------------- -----------------Loss on ordinaryactivities beforeinterest & tax (379) (1,094) (252) Tax - - - ----------------- ----------------- -----------------Retained Profit /(Loss) (379) (1,094) (252) BasicProfit/(Loss) perordinary share(pence per share) (0.06p) (0.17p) (0.05p)Fully dilutedProfit/(Loss)(pence per share) (0.06p) (0.17p) (0.04p) BALANCE SHEET As at As at As at 30/09/05 31/03/05 30/09/04 unaudited audited unaudited (£'000's) (£'000's) (£'000's) Tangible Fixedassets 0 0 0Tangible assets 3 6 917Investments 3 6 917 Current AssetsCurrent assetinvestments 542 2,371 1,009Debtors 7 26 29Cash at bank andin hand 118 430 455 ----------------- ----------------- ------------------- 668 2,827 1,493 CreditorsCreditors :amounts fallingdue within one-year (580) (2,363) (1,098) Net Currentliabilities /assets 88 464 395 ----------------- ----------------- ------------------- Total assetsless currentliabilities 91 470 1,312 Capital ReservesCalled up sharecapital 628 628 628Share premiumaccount 8,270 8,270 8,270Profit and lossaccount- deficit (8,807) (8,428) (7,586) ----------------- ----------------- ------------------- 91 470 1312 CASH FLOW STATEMENT Six months Year ended ended 30/09/05 31/03/05 unaudited audited (£'000's) (£'000's) Net cash outflow from operatingactivities 13 (148) Returns on investments and servicing offinanceInterest received 3 8Interest paid (30) (80) ----------------- ----------------- (27) (72) Capital expennditure and financialinvestmentsPayments to acquire fixed assetinvestments 0 0Payments to acquire current assetinvestments (4,365) (20,615)Receipts from fixed asset investments 0 58Receipts from current assetinvestments 4,042 21,227 ----------------- ---------------- (323) 670 ----------------- -----------------Net cash outflow before investingactivities (337) 450 FinancingIssue of shares 0 0Directors loan 28 (435) ----------------- ----------------- 28 (435) ----------------- -----------------Increase/(Decrease) in cash (309) 15 ========== ========== Notes to the Interim Accounts 1. Accounting Policies The accounts have been prepared in accordance with applicable accountingstandards under the historical cost accounting rules. 2. Basis of Preparation of Interim Financial Information The financial information contained in this interim statement has not beenaudited or reviewed by the Company's Auditors and does not constitute accountsas defined by section 240 of the Companies Act 1985. The financial informationfor the year ended 31 March 2005 is based on the statutory accountys for thatyear. Those accounts, upon which the Company's Auditors issued an unqualifiedopinion, have been delivered to the Registrar of Companies. 3. Earnings Per Share The calculation of earnings per share is based on the profit after tax for thefinancial period divided by the weighted average number of ordinary shares inissue during the period. 4. Post Balance Sheet Events There have been no significant post balance sheet events. 5. Interim Report This interim report will be available free of charge to the public from theoffices of the Company, 2nd Floor Berkelely Square House, Berkeley Square,London W1A 6BD. This statement has not been subject to an audit. This information is provided by RNS The company news service from the London Stock Exchange