Final Results
27 6월 2008 - 9:18PM
UK Regulatory
RNS Number : 7357X
Highway Capital PLC
27 June 2008
HIGHWAY CAPITAL PLC
AUDITED RESULTS FOR THE YEAR ENDED 29 FEBRUARY 2008
Chairman's Statement
The results for the twelve months ended 29 February 2008 show a loss before tax of �53,564 (2007: �57,975 loss).
The company had cash at bank and in hand of �480,247 at the balance sheet date.
At this time we do not consider it appropriate to declare a dividend.
During the year the company has continued to keep expenditure to a minimum in order to preserve cash resources.
The directors continue, for the time being, to waive the majority of their fees.
During the year, your directors have examined a small number of propositions but unfortunately, none were deemed suitable to put to the
shareholders. However, we are currently in discussions with a possible target and, if these progress satisfactorily, we will notify
shareholders as soon as possible.
A H Drummon
Chairman
Profit and Loss Account
Year ended Year ended
29 28
February February
2008 2007
(audited) (audited)
� �
Management fees - -
Administrative expenses (77,848) (78,696)
Operating loss (77,848) (78,696)
Interest receivable 24,284 20,721
Loss on ordinary activities before taxation (53,564) (57,975)
Tax credit on loss on ordinary activities - -
Loss for the financial year (53,564) (57,975)
Basic and diluted loss per share (0.67)p (0.73)p
Basic and diluted loss per share from continuing
operations
(0.67)p (0.73)p
Continuing operations:
There are no acquired or discontinued operations in the above two financial periods.
Total recognised gains and losses:
The company has no recognised gains or losses other than the profit or loss for the above two financial periods.
Reconciliation of Equity Shareholders' Funds
29 February 2008 28 February 2007
(audited) (audited)
� �
Loss attributable to ordinary (53,564) (57,975)
shareholders
Dividends - -
Net decrease in shareholders' funds (53,564) (57,975)
Shareholders' funds at beginning of 509,714 567,689
period
Shareholders' funds at end of period 456,150 509,714
Balance Sheet
29 February 2008 28 February 2007
(audited) (audited)
� �
Fixed assets
Investments - -
Current assets
Debtors 3,938 4,038
Cash at bank and in hand 480,247 528,327
484,185 532,365
Creditors: amounts falling due within one (28,035) (22,651)
year
Net current assets 456,150 509,714
Net assets 456,150 509,714
Capital and reserves
Share capital 158,913 158,913
Share premium 295,437 295,437
Profit and loss account 1,800 55,364
Total equity shareholders' funds 456,150 509,714
Cash Flow Statement
Year ended Year ended
29 28
February February
2008 2007
(audited) (audited)
� �
Net cash outflow from operating activities (72,364) (83,035)
Returns on investments and servicing of finance
Interest received 24,284 20,721
Net cash inflow from returns on investments and
servicing of finance 24,284 20,721
Taxation
Corporation tax - -
Equity dividends paid - -
Decrease in cash (48,080) (62,314)
Notes
Basis of preparation:
The financial information set out above has been prepared under the historical cost convention and in accordance with applicable
accounting standards.
The company does not prepare consolidated accounts and the directors have therefore continued to prepare its accounts in accordance with
UK rather than international accounting standards, as permitted under EC Regulation 1606/2002.
The financial information set out above does not comprise statutory accounts for the purpose of section 240 of the Companies Act 1985.
The information for the year ended 28 February 2007 has been extracted from the statutory accounts which carried an unqualified audit report
and did not contain any statement under section 237(2) or (3) of the Companies Act 1985. The statutory accounts for the year ended 28
February 2007 have been delivered to the Registrar of Companies. The auditors have given an unqualified opinion on the accounts for the year
ended 29 February 2008. The statutory accounts for the year ended 29 February 2008 will be delivered to the Registrar of Companies following
the Annual General Meeting.
Loss per share:
The loss per ordinary share calculation has been based on the loss attributable to ordinary shareholders of �53,564 (2007: �57,975 loss)
divided by 7,945,638 (2007: 7,945,638), being the weighted average number of ordinary shares in issue during the year. The basic and diluted
loss per ordinary share are the same.
There are no discontinued operations in either period and, therefore, the basic and the diluted loss per ordinary share from continuing
operations are the same as the basic and the diluted loss per ordinary share.
27 June 2008
This information is provided by RNS
The company news service from the London Stock Exchange
END
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Highway Capital (LSE:HWC)
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Highway Capital (LSE:HWC)
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부터 7월(7) 2023 으로 7월(7) 2024
