Final Results
30 Giugno 2006 - 9:02AM
UK Regulatory
RNS Number:4276F
9999 plc
30 June 2006
9999 PLC
PRELIMINARY STATEMENT OF RESULTS
FOR THE PERIOD ENDED 31 DECEMBER 2005
9999 plc was admitted to AIM in March 2005 its stated strategy is to seek
investments in specific areas of the financial services sector
For further information please contact
M Kalairajah, Executive Chairman 020 8853 2220
9999 plc
D C Page, Executive Director 020 8853 2220
9999 plc
9999 PLC
PRELIMINARY STATEMENT OF RESULTS
FOR THE PERIOD ENDED 31 DECEMBER 2005
CHAIRMAN'S STATEMENT
BACKGROUND AND REVIEW OF THE PERIOD
When the company was admitted to AIM in March 2005 its stated strategy was to
seek investments in specific areas of the financial services sector, namely:
* Financial trading entities using technical fundamental principles to trade
in the equity markets, currencies and equity future markets in the UK and
US;
* Stockbrokers, either quoted or unquoted; and
* Certain sectors within the independent financial advisory arena
Since coming to the market the Board has been, and is continuing to seek and
identify investments in the sectors noted above. The Company's shares were
suspended on 31 March 2006 in accordance with Aim Rules.
RESULTS
The Company's cash balance as at 31 December 2005, after settling the costs of
the placing and admission to AIM, were #206,833. The Company's very low level
of overhead expenditure means that cash levels have not reduced significantly
since this date. The Directors have placed the Company's free cash balances on
interest bearing deposit account with its bankers pending identification of an
appropriate investment opportunity.
I look forward to updating you further on our progress.
M S Kalairajah
Chairman of the Board
29 June 2006
9999 PLC
PROFIT AND LOSS ACCOUNT
Period ended 31 December 2005
Note Period ended
31 December
2005
#
Administrative expenses (33,738)
OPERATING LOSS 2 (33,738)
Interest receivable (bank interest) 4,365
LOSS ON ORDINARY ACTIVITIE BEFORE TAXATION (29,373)
Tax on loss on ordinary activities 5 -
LOSS ON ORDINARY ACTIVITIES AFTER TAXATION
AND MINORITY INTERESTS FOR THE
FINANCIAL PERIOD (29,373)
BASIC LOSS PER ORDINARY SHARE 14 (0.065)p
DILUTED LOSS PER ORDINARY SHARE 14 (0.065)p
The period ended 31 December 2005 was the Company's first period of trading and
hence no comparative amounts are presented.
There are no recognised gains and losses other than those passing through the
profit and loss account.
9999 PLC
BALANCE SHEET
As at 31 December 2005
Note 31
December
2005
#
CURRENT ASSETS
Cash at bank and in hand 206,833
CREDITORS: amounts falling due within one period 6 10,571
NET CURRENT ASSETS 196,262
TOTAL ASSETS LESS CURRENT LIABILITIES 196,262
CAPITAL AND RESERVES
Called up share capital 7 112,500
Share premium account 8 113,135
Profit and loss reserve 8 (29,373)
TOTAL EQUITY SHAREHOLDERS' FUNDS 9 196,262
9999 PLC
CASHFLOW STATEMENT AND NOTES
Period ended 31 December 2005
Note Period ended
31 December
2005
#
Net cash outflow in respect of operating activities 10 (23,167)
Returns on investments and servicing of finance
Interest received 4,365
Net cash inflow from returns on investments
and servicing of finance (18,802)
Financing
Issue of share capital 300,000
Costs of issuing share capital (74,365)
Net cash inflow from financing 225,635
Increase in cash 11 206,833
RECONCILIATION OF OPERATING LOSS TO NET CASHFLOW FROM OPERATING ACTIVITIES
Period ended
31 December
2005
#
Operating loss (33,738)
Increase in creditors 10,571
Net cash outflow from operating activities (23,167)
9999 PLC
CASHFLOW STATEMENT AND NOTES
Period ended 31 December 2005
RECONCILIATION OF NET CASH OUTFLOW TO MOVEMENT IN NET FUNDS
Period ended
31 December
2005
#
Increase in cash in the period 206,833
Net funds at 31 December 2005 206,833
ANALYSIS OF CHANGES IN NET FUNDS
31
8 March Cashflow December
2005 2005
# # #
Cash at bank and in hand - 206,833 206,833
9999 PLC
NOTES TO THE PRELIMINARY STATEMENT
1 NATURE OF THE FINANCIAL INFORMATION
The financial information set out above does not constitute full
accounts for the purposes of section 240 of the Companies Act 1985. The
financial information has been extracted from the Company's accounts for the
period ended 31 December 2005 on which the auditors, MRI Moores Rowland LLP,
have given an unqualified opinion.
2 TAX ON LOSS ON ORDINARY ACTIVITIES
Period ended
31 December
2005
#
UK corporate tax at 30% -
Factors effecting tax charge for the current period
Loss on ordinary activities before tax (29,373)
Loss on ordinary activities before taxation multiplied by (8,812)
the standard rate of UK Corporation tax of 30%
Effects of:
Unutilised losses carried forward 8,812
Current UK tax charge for the period -
3 LOSS PER SHARE
Basic loss per share is calculated by dividing the loss attributable to
ordinary shareholders by the weighted average number of shares in issue during
the period. Diluted loss per share is computed using the weighted average
number of shares outstanding during the period adjusted for the dilutive effect
of stock options outstanding during the period. However, the inclusion of any
dilutive items may not dilute a basic loss per share.
The calculations of loss per share and diluted loss per share are based on the
following losses and number of shares:
Period ended
31 December
2005
#
Basic loss attributable to ordinary shareholders (#) (29,373)
Weighted average number of ordinary shares 45,000,000
Diluted weighted average number of ordinary shares 51,000,000
Loss per share (0.065)p
Diluted loss per share (0.065)p
4. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
Period ended
31 December
2005
#
Loss for the financial period (29,373)
Issue of shares 300,000
Costs of issuing share capital (74,365)
Net increase in equity shareholders' funds 196,262
Opening equity shareholders' funds -
Closing equity shareholders' funds 196,262
Copies of the report and accounts of the Company for the period ended 31
December 2005 may be collected from the Registered Office. Copies will be sent
to shareholders.
Registered Office:
3rd Floor
College Approach
London
Greenwich
SE10 9HY
For further information please contact:
M Kalairajah, 9999 plc
020 8853 2220
This information is provided by RNS
The company news service from the London Stock Exchange
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