Interim Results
27 September 2002 - 7:21PM
UK Regulatory
RNS Number:7461B
Simons & Co Limited
27 September 2002
Simons & Co Limited
Interim Report
Six months ended 30 June 2002
CHAIRMAN'S STATEMENT
The Company's holdings in shares of publicly listed and unquoted company shares
have generated a level of profit on ordinary activities but before taxation
which the directors regard as satisfactory in current market conditions. The
directors expect the results for the second half year will maintain a
satisfactory level of performance.
An interim preference share dividend of 3.75% per share was paid on 1st July
2002.
No dividend has been or will be paid in respect of the Company's ordinary
shares.
G M SIMON
Chairman
ADVANCE /Y 734.40
SUMMARISED PROFIT AND LOSS ACCOUNT
Note Year ended 31
December 2001
6 months to 30 6 months to 30
June 2002 June 2001 Audited
Unaudited Unaudited #
# #
Turnover 21,490 42,437 75,077
Total operating profit 17,629 32,567 58,305
Interest payable (19) (2) (118)
Profit on ordinary activities before taxation 17,610 32,565 58,187
Tax on profit on ordinary activities 1 3,031 (559) (756)
Profit on ordinary activities after taxation 20,641 32,006 57,431
Dividends 2 (5,625) (5,625) (11,250)
Retained profit for the period 15,016 26,381 46,181
SUMMARISED CASH FLOW STATEMENT
Year ended
6 months to 30 6 months to 30 31 December 2001
June 2002 June 2001
Audited
Unaudited Unaudited
#
# #
Net cash inflow/(outflow) from operating
activities 6,605 (6,140) (38,285)
Returns on investment and servicing of finance (5,644) (5,627) (11,368)
Taxation paid (15) 2,139 542
Capital expenditure and financial investment - - -
Management of liquid resources (2,672) (3,793) (3,743)
Decrease in cash (1,726) (13,421) (52,854)
SUMMARISED BALANCE SHEET
At 30 June 2002
At 31 December
2001 Audited
At 30 June 2002 At 30 June 2001
#
Unaudited Unaudited
# #
Fixed assets
Investments 616,198 396,197 616,198
Current assets
Debtors due within one year 2,500 13,834 -
Investments 24,832 28,672 28,123
Cash at bank and in hand 252,314 293,473 254,040
279,646 335,979 282,163
Creditors: Amounts falling due within one year (417,610) (288,758) (435,143)
Net current (liabilities)/assets (137,964) 47,221 (152,980)
Total assets less current liabilities 478,234 443,418 463,218
Capital and reserves 478,234 443,418 463,218
1. TAX
Year ended 31
December 2001
6 months to 30 6 months to 30
June 2002 June 2001 #
# #
United Kingdom
Current (259) 559 190
Adjustments in respect of prior years (2,772) - 566
(3,031) 559 756
2. DIVIDENDS
Year ended 31
December 2001
6 months to 30 6 months to 30
June 2002 June 2001 #
# #
Dividend on non-equity shares
Preference shares - interim paid (3.75p per share) 5,625 5,625 11,250
No ordinary share dividend has been paid.
3. INTERIM REPORT
This interim report was neither audited nor reviewed by the
auditors. It was approved by the Board on 27 September 2002. It has been
prepared using accounting policies that are consistent with those adopted in the
statutory accounts for the year ended 31 December 2001, with the exception of
FRS 19 "deferred tax" which has been adopted for the first time in these
accounts and did not cause any restatement of the figures for the prior year.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR EANNXAFLAEEE
Cred Ag Co 24 (LSE:64IG)
Historical Stock Chart
From May 2024 to Jun 2024
Cred Ag Co 24 (LSE:64IG)
Historical Stock Chart
From Jun 2023 to Jun 2024