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Alltrue Investments (ATR)

  0.20p
  • Closing Price Chg: 0.000p
  • 52 Week High: 0.000p
  • 52 Week Low: 0.000p
  • Currency: UK Pounds
  • Shares Issued: 244.17m
  • Volume: 0
  • Market Cap: £0.49m
  • RiskGrade: 413

Interim Results

RNS Number : 3389E
Alltrue Investments PLC
25 September 2008
 



For Immediate Release                    25 September 2008



ALLTRUE INVESTMENTS  PLC 

("Alltrue Investments" or the "Company")


Unaudited Interim accounts for the six months ended 30 June 2008



CHAIRMAN'S STATEMENT


Unaudited Interim accounts for the six months ended 30 June 2008


The first half of 2008 has seen a sharp decline in the Financial Services sector. We have invested in expanding Montague Pitman, which in the latter half is now repaying the investment. The CFD side of Montague Pitman has been trading successfully throughout the period. 


Falcon Securities have seen their corporate fees decline and are targeting other areas of Income to replace these.  




L.E.V. Knifton

Executive Chairman


25 September 2008

  

ALLTRUE INVESTMENTS PLC 


Income Statement 

for the Six months ended 30 June 2008


 

    





Six months to 30 June 2008 Unaudited


 Six months 30 June 2007 Unaudited


Year ended 

31 December 2007 

audited





£'000s


£'000s


£'000s










Continuing operations
















Revenue




1,034


1,049


1,812










Cost of Sales



(155)


(505)


(476)










Gross Profit



879


544


1,336










Administrative expenses


(975)


(610)


(1,272)










Operating Profit/(Loss)



(96)


(66)


64










Loss on disposal of subsidiary


-


-


(390)









Investment revenues



7


6


20










Finance costs



(1)


-


(20)










(Loss) before tax



(90)


(60)


(326)










Income tax 


-


-


-








(Loss) after tax


(90)


(60)


(326)








Minority interests


4


-


(4)










(Loss) for the period from continuing

operations attributable to shareholders

(86)


(60)


(330)










Profit/(Loss) per share

















From continuing operations:







(before exceptional items)







Basic and diluted




(0.035p)


(0.025p)


0.026p




















The company's turnover and operating loss arise from continuing operations.


There were no recognised gains or losses other than those recognised in the income statement above.

  

ALLTRUE INVESTMENTS PLC 



Balance Sheet as at 30 June 2008







 As at 30 June 2008

Unaudited


As at 30 June 2007

Unaudited


As at 31 December 2007

Audited 





£'000s


£'000s


£'000s










Assets


















Non-current assets








Property, plant and equipment


99


45


53

Goodwill




950


1,689


950

Investments



175


-


175





1,224


1,734


1,178










Current assets








Trade and other receivables


656


708


513

Cash and cash equivalents


301


390


536














957


1,098


1,049



















Total assets



2,181


2,832


2,227



















Equity and liabilities
















Capital and reserves








Share capital



244


244


244

Capital Reserves



2,082


2,082


2,082

Retained earnings



(667)


(392)


(581)

Minority interests


-


-


4

Total equity



1,659


1,934


1,749










Current liabilities








Trade and other payables


272


648


228

Other loans



250


250


250














522


898


478










Total liabilities



522


898


478










Total equity and liabilities


2,181


2,832


2,227

  ALLTRUE INVESTMENTS PLC 

Cash Flow Statement


For the Six months ended 30 June 2008






Six months to 30 June 2008 Unaudited


 Six months  to 30 June 2007 Unaudited



Year ended  31 December 2007

Audited









Note

£'000


£'000


£'000








Operating activities

3

(172)


(157)


31















Net cash inflow from taxation


-


-


31








Investing activities







Interest received


7


6


20

Interest paid


(1)


-


(20)

Purchases of plant and equipment



(69)



(14)



(50)



(63)


(8)


(50)








Financing activities







Loan received


-


250


250



-


250


250








Net cash inflow/(outflow)


(235)


85


231








Cash and cash equivalents at the beginning of the period



536



305



305








Bank balances and cash


301


390


536










Consolidated statement of changes in equity




As at

30 June 2008


As at

30 June 2007


As at 

31 December 2007



£'000s


£'000s


£'000s








As at beginning of period


1,745


1,994


2,075








Surplus/(Deficit) for the period


(86)


(60)


(330)








As at end of period


1,659


1,934


1,745









   ALLTRUE INVESTMENTS PLC 


Notes to the Interim Report

 

1.               Significant Accounting Policies



These interim accounts have been prepared in accordance with International Financial Reporting Standards and on the historical cost basis, using generally recognised accounting principles and using the accounting policies which are consistent with those set out in the Company Annual Report and Accounts for the year ended 31 December 2007.  


This interim report for the six months to 30 June 2008, which complies with IAS34, was approved by the Board on  25 September 2008.


 

2. Loss per Share



Six months to 

30 June 2008


Six months to 

30 June 2007


Year ended 31 December 2007







Earnings per ordinary shares






Basic and diluted 

(0.035p)


(0.025p)


0.026p


The loss per ordinary share is based on the company's loss for the period of £86,000 (30 June 2007 loss £60,000; 31 December 2007profit £64,000 prior to exceptional costs) and a basic and diluted weighted average number of shares in issue of 244,167,500 (30 June 2007 - 244,167,500; 31 December 2007 - 244,167,500)

 

3. Reconciliation of operating loss to net cash outflow from operating activities.




Six months to 

30 June 2008


 Six months

 30 June 2007 


Year ended 

31 December 2007



£'000s


£'000s


£'000s








Profit/(Loss) for the period


(96)


(66)


64

Adjustments for :







Depreciation of property, plant and equipment


23


4


70

(increase) in investments


-


-


(54)

(Increase)/Decrease in receivables


(143)


(490)


30

Increase in payables


44


395


(79)








Net cash from operating activities


(172)


(157)


31



4.    Called up Share Capital


 The issued share capital as at 31 December 2007, per the audited accounts, was    244,167,500 Ordinary Shares of 0.1p each. 

   

5.      The unaudited results for period ended 30 June 2008 do not constitute statutory accounts within the meaning of Section 240 of the Companies Act 1985. The comparative figures for the year ended 31 December 2007 are extracted from the statutory financial statements which have been filed with the Registrar of Companies and which contain an unqualified audit report and did not contain statements under Section 237(2) or (3) of the Companies Act 1985.


6.      Copies of this interim statement are available from the Company at its registered office at       

         Finsgate, 5-7 Cranwood StreetLondon EC1V 9EE. The interim statement will also be  

         available on  the company website www. Alltrueinvestments.co.uk.




Contacts:


Leo Knifton - Chairman Alltrue Investments Plc

Tel: 020 7251 3762


Roland Cornish - Beaumont Cornish/Nominated Adviser

Tel: 020 7628 3396



This information is provided by RNS
The company news service from the London Stock Exchange
 
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