Other Comprehensive Loss For The
Period - - (13,919) - (13,919)
--------------- -------- ------------ ------------ ---------- ----------
Total Comprehensive Loss for the
Period - (616,135) (17,671) - (633,573)
--------------- -------- ------------ ------------ ---------- ----------
Issue of
Shares 39,767 - - - 39,767
--------------- -------- ------------ ------------ ---------- ----------
Share Issue
expenses - - - (122,705) (122,705)
--------------- -------- ------------ ------------ ---------- ----------
Balance As at 30 September
2010 40,000 (616,135) (17,671) (122,705) (716,511)
--------------- -------- ------------ ------------ ---------- ----------
CAPARO ENERGY LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENT OF
CASH FLOW FOR THE PERIOD FROM 1 APRIL 2010 TO 30 SEPTEMBER 2010 (UNAUDITED)
For The Period From 1 April 2010 To 30 September Note 2010 (Unaudited)
-------------------- ------ ------------------ (US$)
-------------------- ------ ------------------ Cash Flows From Operating
Activities -------------------- ------ ------------------
Loss For The Period (441,073)
---------------------------- ------------------
Depreciation C 5,899
-------------------- ------ ------------------ Operating Cash Flows Before
Working Capital Changes (435,174)
---------------------------- ------------------ Decrease in
Deposits D 3,496
-------------------- ------ ------------------
Increase in Other Assets (12,773)
---------------------------- ------------------ Increase in Trade and Other
Payables F 389.535
-------------------- ------ ------------------ Net Cash Generated From
Operating Activities (54,916)
---------------------------- ------------------ Cash Flows From Investing
Activities -------------------- ------ ------------------
Purchase Of Property, Plant And Equipment (1,809)
---------------------------- ------------------ Cash Used In Investing
Activities (1,809)
---------------------------- ------------------ Cash Flows From Financing
Activities -------------------- ------ ------------------
Proceeds From The Issue Of Ordinary Share Capital 39,767
---------------------------- ------------------ Cash Generated From
Financing Activities 39,767
---------------------------- ------------------ Net Increase In Cash And
Cash Equivalents (16,957)
---------------------------- ------------------ Cash And Cash Equivalents
At Beginning Of The Period 230,667
---------------------------- ------------------ Net effect of foreign
currency translation to presentation currency (1,273)
---------------------------- ------------------ Cash And Cash
Equivalents At End Of The Period E 212,437
-------------------- ------ ------------------
CAPARO ENERGY LIMITED
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL INFORMATION
FOR THE PERIOD FROM 1 APRIL 2010 TO 30 SEPTEMBER 2010
General Information
Caparo Energy Limited ("CEL" or the 'Company') is a company
domiciled is Guernsey and was incorporated on 13 August 2010 and
was admitted to the AIM of London Stock Exchange on 12th October
2010. The Company raised approximately US$ 80 million (GBP50.18
million) at the time of listing (before admission expenses). A
share issue expense of US$122,705 has been accrued in the books as
for 30 September 2010 in relation to the said issue.
The principal activity of the Company is to operate wind energy
farms as a leading independent power producer, and to engage in the
sale of energy to the Indian market through its Indian subsidiary
viz., Caparo Energy (India) Limited (CEIL).
The functional currencies of the respective Group companies
are:
Caparo Energy Limited Great British Pound
(GBP)
-------------------------------------------- --------------------
Caparo Energy Investments Limited-Mauritius US Dollar (US$)
-------------------------------------------- --------------------
Caparo Energy (India) Limited Indian Rupee (INR)
-------------------------------------------- --------------------
NOTE A - PRINCIPAL ACCOUNTING POLICIES
3.1 BASIS OF PREPARATION
The condensed set of financial statements have been prepared
using accounting policies consistent with International Financial
Reporting Standards as adopted by the European Union (IFRSs). The
same accounting policies, presentation and methods of computation
are followed in the condensed set of financial statements as are
expected to be applied in the Company's year-end financial
statements. While the financial figures included in this
half-yearly report have been computed in accordance with IFRSs
applicable to interim periods, this half-yearly report does not
contain sufficient information to constitute an interim financial
report as that term is defined in IAS 34.
The financial information for the interim period ended 30
September 2010 is unaudited and does not constitute the Company's
statutory financial statements for those periods.
The Company was incorporated with the sole purpose of acquiring
a controlling interest in its directly held, wholly owned,
subsidiary Caparo Energy Investments Limited ("CEILM"), which was
acquired by the Company in September 2010. CEILM itself had
acquired a controlling interest in its directly held, wholly owned,
subsidiary Caparo Energy (India) Ltd ("CEIL") in September 2010.
These transactions are considered to be under common control, as
defined in IFRS 3 Business Combinations, as the companies were
controlled by the same shareholders. The Directors note that
transactions under common control are outside the scope of IFRS 3
Business Combinations and that there is no guidance elsewhere in
IFRS covering such transactions.
The company has chosen to apply merger accounting, such that the
financial statements of the company incorporate the combined
companies' results and cash flows as if the companies have always
been combined with the assets and liabilities of the purchased
business incorporated at the consolidated book value and the
difference between the purchase consideration and the book value of
the assets and liabilities recorded in equity as a common control
reserve. The comparative figures would have been re-presented, but
the date of incorporation of the company and its subsidiaries means
that there are no comparative figures for the corresponding period
in the preceding financial year.
As at 30 September 2010 the following companies formed part of
the Group:
Country of
Company Immediate Parent Incorporation % of Interest
--------------------- --------------------- ---------------- --------------
Caparo Energy
Caparo Energy Investments
(India) Limited Limited India 100
--------------------- --------------------- ---------------- --------------
Caparo Energy
Investments Caparo Energy
Limited Limited Mauritius 100
--------------------- --------------------- ---------------- --------------
The financial information is prepared on the historical cost
basis. Historical cost is generally based on the fair value of the
consideration given in exchange for the assets. The expenses are
analysed by function in the Statement of Comprehensive Income. The
condensed consolidated financial information of the Company for the
six months to 30 September 2010 comprises the financial information
of the Company, its subsidiaries (together referred to as the
"Group").
3. 2 Standards and interpretations in issue not yet adopted
The following new Standards and Interpretations, which are yet
to become mandatory, have not been applied in the Company's
Financial Information.
Standard Or Interpretation Effective For Reporting Periods
Starting On Or After
------------------------------------------- ---------------------------------
IFRS - 9 Financial Instruments Annual periods beginning on or
after 1 January 2013
IFRS-7 Financial Instruments Annual periods beginning on or
disclosure-Amendments resulting after 1 January 2011
from May 2010 annual
improvements to IFRS
IAS 24 Related Party Disclosures - Annual periods beginning on or
Revised Definition Of Related after 1 January 2011
Parties
IAS 34 Interim Financial Reporting- Annual periods beginning on or
Amendments resulting from May after 1 January 2011
2010 annual improvements to
IFRS
Based on the Company's current business model and accounting
policies, management does not expect any material impact to the
Company's financial information as result of the above standards or
interpretations becoming effective.
The Company does not intend to apply any of these pronouncements
early.
3.3 Other Key Policies
Financial assets and liabilities
All financial assets are recognised and derecognised on trade
date where the purchase or sale of a financial asset is under a
contract whose terms require delivery of the financial asset within
the timeframe established by the market concerned, and are
initially measured at fair value, plus transaction costs.
Celadon Pharmaceuticals (LSE:CEL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Celadon Pharmaceuticals (LSE:CEL)
Historical Stock Chart
From Jul 2023 to Jul 2024
