Interim Results
29 September 2008 - 9:54PM
UK Regulatory
RNS Number : 5620E
Dimension Resources Ld
29 September 2008
Dimension Resources Limited
Interim Report
6 months ended 30 June 2008
Dimension Resources Limited
Chairman's Statement
Six Months Ended 30 June 2008
The six months ended 30 June 2008 proved, once again, to be a frustrating period for the Company. Given the lack of income from South
Africa it has become increasingly important to identify a suitable project for acquisition. Nevertheless, the Directors remain confident
that they will be able to acquire a suitable business in due course.
The loss for the period of �24,929 (2007 - �21,568) represents the minimum costs of maintaining the Company's admission to AIM. Once
again, no cash was remitted from South Africa, as quarrying operations during the period failed to generate income in excess of costs and
existing creditors.
Since the end of June discussions have been taking place which are intended to provide cash to assist the Company in evaluating new
projects, as well as providing general working capital. I expect that we will have concluded these discussions during the month of October.
I look forward to updating shareholders on progress.
Brian Moritz
(Chairman)
29 September 2008
DIMENSION RESOURCES LIMITED
6 Months ended 30 6 Months ended 30 June
June
2008 2007
Note GBP GBP
Turnover - -
Cost of sales - -
Gross profit - -
Administrative expenses (24,984) (21,575)
Operating loss (24,984) (21,575)
Interest receivable and similar income 55 7
Interest payable and similar charges - -
Net loss before taxation (24,929) (21568)
Taxation - - -
Net loss for the period 2 (24,929) (21,568)
3 (0.009p) (0.011p)
Loss per share
DIMENSION RESOURCES LIMITED
Balance sheet at 30 June 2008
30 June 30 June
2008 2007
GBP GBP
ASSETS
Non-current assets 91,986 91,986
Investments 91,986 91,986
Current assets 67,144 6,541
Trade and other receivables 6,892 3,825
Cash at bank and in hand 60,252 2,716
Total assets 159,130 98,527
EQUITY AND LIABILITIES
Shareholders' funds 23,613 (33,605)
Called up share capital 6,868,144 6,803,644
Share premium account 12,023,313 11,942,813
Revaluation of investment reserve (300,000) (300,000)
Profit and loss account (18,567,844) (18,480,062)
Current liabilities 135,517 132,132
Trade and other payables 135,517 132,132
Total equity and liabilities 159,130 98,527
DIMENSION RESOURCES LIMITED
Cash flow statement for the six months ended 30 June 2008
Six months ended 30 Six months ended 30
June June
2008 2007
GBP GBP
CASH FLOWS FROM OPERATING ACTIVITIES (15,336) 7
Cash absorbed by operations (15,391) -
Interest received 55 7
CASH FLOWS FROM INVESTING ACTIVITIES
Loans repaid by subsidiary companies - -
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (15,336) 7
Cash and cash equivalents at the beginning of the period 75,588 2,709
Cash and cash equivalents at the end of period 60,252 2,716
Notes
1. The financial statements, which are unaudited, have been drawn up using accounting policies
applicable to the year ended 31 December 2007. They do not constitute statutory accounts.
2. No dividend is payable for the period.
3. The loss per share is based on losses of �24,929, (2007 - �21,568), and on a weighted average
of 266,186,458 (2006: 197,450,758) ordinary shares in issue.
4. The Company's web site address is www.dimensionresources.biz
This information is provided by RNS
The company news service from the London Stock Exchange
END
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