Interim Results
07 November 2000 - 8:54PM
UK Regulatory
RNS Number:6365T
Simons & Co Limited
6 November 2000
SIMONS & CO LIMITED
INTERIM STATEMENT
SIX MONTHS ENDED 30 JUNE 2000
The company has not traded during the period but its dealings in shares of
publicly listed and unquoted company shares have exceeded the directors'
expectations. The directors do not anticipate that the second half year will be
as successful although the company will continue to show a profit.
An interim preference share dividend of 3.75% per share was paid on 1 July 2000.
No dividend has been or will be paid in respect of the company's ordinary
shares.
G M Simon
Chairman
SIMONS & CO LIMITED
INTERIM PROFIT AND LOSS ACCOUNT
for the six month period ended 30 June 2000
Unaudited
6 months 6 months Audited
to 30 June to 30 June Full Year
2000 1999 1999
# # #
Turnover 23,457 10,470 18,795
Net operating expenses
Administrative expenses (3,832) (1,285) (4,432)
Operating profit 19,625 9,185 14,363
Interest payable (87) (18) (48)
Profit on ordinary activities
before taxation 19,538 9,167 14,315
Taxation (3,532) - 802
Profit on ordinary activities
after taxation 16,006 9,167 15,117
Dividends
(including non-equity interests) (5,625) (5,625) (11,250)
Retained profit for the period 10,381 3,542 3,867
INTERIM BALANCE SHEET
at 30 June 2000
Unaudited Audited
30 June 2000 30 June 1999 31 December 1999
# # # # # #
Fixed assets
Investments 364,237 343,420 353,920
364,237 343,420 353,920
Current assets
Debtors 104,992 86,993 92,662
Investments 10,826 - -
Cash at bank and in hand 290,357 35,247 130,624
406,175 122,240 223,286
Creditors: amounts falling due
within one year (343,110) (49,064) (160,285)
Net current assets 63,065 73,176 63,001
Total assets less current
liabilities 427,302 416,596 416,921
Capital and reserves
Called up share capital 350,000 350,000 350,000
Other reserves 35,000 35,000 35,000
Profit and loss account 42,302 31,596 31,921
Total shareholders' funds 427,302 416,596 416,921
Attributable to:
Equity shareholders 262,302 251,596 251,921
Non-equity shareholders 165,000 165,000 165,000
427,302 416,596 416,921
NOTES:
1 A preference share dividend of 3.75p per share was paid on 1 July 2000. No
ordinary share dividend has been paid. The cost of the dividend paid was
#5625.
2 The results of the half years ended 30 June 2000 and 30 June 1999 are
unaudited and do not constitute statutory accounts within the meaning of
section 240 of the Companies Act 1985. The financial information for the
year ended 31 December 1999 has been extracted from the statutory accounts
for that year which have been filed with the Registrar of Companies and on
which the auditors gave an unqualified audit opinion.
INTERIM CASH FLOW STATEMENT
for the six month period ended 30 June 2000
Unaudited
6 months to 6 months to Audited
30 June 30 June Full year
2000 1999 1999
# # # # # #
Net cash inflow
from operating activities 186,937 1,014 114,337
Returns on investments and
servicing of finance
Interest paid (87) (18) (48)
Non-equity dividends paid (5,625) (3,079) (7,016)
(5,712) (3,097) (7,064)
Taxation
Corporation tax paid (349) (348) (3,827)
Capital expenditure
and financial investment
Purchase of fixed asset
investments (10,317) (3,315) (13,815)
170,559 (5,746) 89,631
Management of liquid resources
Purchase of current asset
investments (10,826) - -
Increase/(decrease) in cash 159,733 (5,746) 89,631
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