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DJ Globe Capital Limited Correction : Final Results for the year to 31 Dec 2015

 
TIDMGCAP 
 
31 May 2015 
                                                                   KYG394391158 
 
                             Globe Capital Limited 
                      ("Globe Capital" or the "Company") 
 
          Audited Annual Results for the year ended 31 December 2015 
 
Globe Capital Limited (ISDX: GCAP) is pleased to announce its audited annual 
results for year ended 31 December 2015. 
 
Chairman's Statement 
 
I am pleased to report the final audited results for the year ended 31 December 
2015 of Globe Capital Limited ("the Company"). 
 
Financial performance 
 
The turnover for the year was nil (2014: nil) and the loss was GBP129,184 (2014: 
GBP149,111). The loss per share was 0.17 pence (2014: 0.20 pence). In the past 
year, the Directors have kept operational costs at a minimum. 
 
Review of operations 
 
2015 was a transitional year for the Company. The Company has now realigned its 
investment focus towards the retail sector with a particular emphasis on 
menswear. The recent investment in Sterling Craig Ltd is the first stage in the 
Company's future plans. 
 
The Company's shares are traded on the ISDX Growth Market. 
 
Board changes 
 
During the year under review, David Adamson Hirst left the Company. In January 
2016, Wong Xinyan left the Company. I would like to thank them both all for 
their past services to the Company. 
 
Future prospects 
 
After the year end, in January 2016, the Company raised GBP100,500 in new equity. 
The Directors are presently reviewing a number of investment opportunities 
while speaking to new investors. I hope to be able to give further news of 
these developments in the near future. 
 
 
David Barnett 
Chairman 
 
31 May 2016 
 
The directors of Globe Capital Limited accept responsibility for this 
announcement. 
 
For further information: 
 
Globe Capital Limited 
Christopher Neo, Company Secretary 
+44 (0)20 3286 6388 
http://www.globecapitalltd.com / 
 
ISDX CORPORATE ADVISER: 
Alexander David Securities Limited 
David Scott - Corporate Finance 
James Dewhurst - Institutional Sales 
Telephone: +44 (0) 20 7448 9820 
http://www.ad-securities.com 
49 Queen Victoria Street, London EC4N 4SA 
 
 
 
GLOBE CAPITAL LIMITED 
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 
For the year ended 31 DECEMBER 2015 
 
                                                      Audited          Audited 
 
                                                   Year ended       Year ended 
                                                  31 December      31 December 
                                                         2015             2014 
 
                                                          GBP              GBP 
 
Revenue                                                     -                - 
 
Other Income                                                2                9 
 
Administrative Expenses                             (129,186)        (149,120) 
 
Profit / (Loss) Before Income Tax                   (129,184)        (149,111) 
 
Income Tax                                                  -                - 
 
Other Comprehensive Loss                                    -                - 
 
Profit / (Loss) for the period attributable         (129,184)        (149,111) 
to equity holders 
 
Earnings / (Loss) per share                           (0.17p)          (0.20p) 
Basic & Diluted (pence) 
 
 
GLOBE CAPITAL LIMITED 
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 
As at 31 DECEMBER 2015 
 
                                                      Audited          Audited 
 
                                                   Year ended       Year ended 
                                                  31 December      31 December 
                                                         2015             2014 
 
                                                          GBP              GBP 
 
Non-current Assets 
 
Property, plant and equipment                           5,631           28,153 
 
Investments                                                 -                - 
 
Total Non-current Assets                                5,631           28,153 
 
Current assets 
 
Financial assets at fair value through profit               -                - 
or loss 
 
Trade and other receivables                                51              572 
 
Cash and cash equivalents                              10,266           59,411 
 
Total Current Assets                                   10,317           59,983 
 
Current Liabilities 
 
Financial liabilities at fair value through                 -                - 
profit or loss 
 
Trade and other payables                               65,211            8,215 
 
Financial Liabilities - Borrowings                          -                - 
 
Total Current Liabilities                              65,211            8,215 
 
Net Assets                                           (49,263)           79,921 
 
Shareholders' Equity 
 
Called Up Share Capital                               626,966          626,966 
 
Share Premium                                         388,508          388,508 
 
Foreign Currency Translation Reserve                        -                - 
 
Retained Earnings                                 (1,064,738)        (935,554) 
 
Total Equity                                         (49,263)           79,921 
 
 
GLOBE CAPITAL LIMITED 
CONSOLIDATED STATEMENT OF CASH FLOW 
For the year ended 31 DECEMBER 2015 
 
                                                          Audited         Audited 
 
                                                       Year ended      Year ended 
                                                      31 December     31 December 
                                                             2015            2014 
 
                                                              GBP             GBP 
 
Profit/(Loss) before tax                                (129,184)       (149,111) 
 
Adjustment: 
 
Other income                                                  (2)             (9) 
 
Depreciation                                               22,522          22,523 
 
Operating profit/(loss)                                 (106,664)       (126,597) 
 
Cash flows from operating activities 
 
(Increase)/decrease in trade and other                        521           1,053 
receivables 
 
Increase/(decrease) in trade and other payables            56,996        (14,202) 
 
Cash utilised in operations                              (49,147)       (139,746) 
 
Cash flows from investing activities 
 
Payment made to leasehold improvement                           -               - 
 
Bank interest received                                          2               9 
 
Net cash from investing activities                              2               9 
 
Cash flows from financing activities 
 
Issue of new shares                                             -               - 
 
Unsecured loans                                                 -               - 
 
Proceed from loans from related parties                         -               - 
 
Interest paid                                                   -               - 
 
Net cash from financing activities                              -               - 
 
(Decrease)/increase in cash and cash equivalents         (49,145)       (139,737) 
 
Cash and cash equivalents at the beginning of              59,411         199,148 
the period 
 
Effect of foreign exchange rate                                 -               - 
 
Cash and cash equivalents at end of period                 10,266          59,411 
 
 
 
END 
 

(END) Dow Jones Newswires

May 31, 2016 07:25 ET (11:25 GMT)