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DJ Hellenic Capital Plc Interim Results

 
TIDMHECP 
 
HELLENIC CAPITAL 
PLC 
 
DIRECTOR'S STATEMENT 
 
FOR THE PERIOD ENDED 30 JUNE 2016 
 
I hereby announce the interim results for the Company. 
 
The Company made a pre-tax loss of GBP8,920 (period ended 30 June 2015 - GBP6,212). 
 
Cash at bank at the end of 30 June 2016 was GBP82,600 (year ended 31 December 
2015 - GBP95,885). 
 
The Company will complete a transaction as soon as possible and remains focused 
on businesses or companies that are considered to have the potential to produce 
a favourable return for shareholders in both the short and medium terms. 
 
Gavin Burnell 
Director 
 
The Director of the issuer accepts responsibility for this announcement. 
 
 
CONTACT DETAILS: 
 
Hellenic Capital plc 
Gavin Burnell           Tel: 01732 366561 
 
Keith, Bayley, Rogers & Co. Limited 
Hugh Oram               Tel: 0207 464 4090 
 
 
 
HELLENIC CAPITAL PLC 
CONDENSED STATEMENT OF COMPREHENSIVE INCOME 
FOR THE PERIOD ENDED 30 JUNE 2016 
 
                                                              Period to      Period to 
                                                                30 June        30 June 
                                                                   2016           2015 
                                                              Unaudited      Unaudited 
 
                                 Note 
 
                                                                      GBP              GBP 
 
Revenue                                                               -              - 
 
Operating expenses                                              (8,920)        (6,212) 
 
                                                                _______        _______ 
 
Loss from operations             1                              (8,920)        (6,212) 
 
                                                                _______        _______ 
 
Loss before taxation                                            (8,920)        (6,212) 
 
Income tax expense                                                    -              - 
 
                                                                _______        _______ 
 
Loss for the period attributable                                (8,920)        (6,212) 
to members 
 
                                                                _______        _______ 
 
Other comprehensive income                                            -              - 
 
                                                                _______        _______ 
 
Total comprehensive loss for the                                (8,920)        (6,212) 
period attributable to members 
 
                                                                _______        _______ 
 
Loss per share (pence)           2                               (0.00)         (0.00) 
 
                                                                _______        _______ 
 
 
 
HELLENIC CAPITAL PLC 
CONDENSED STATEMENT OF FINANCIAL POSITION 
AS AT 30 JUNE 2016 
 
                                                               As at           As at 
 
                                                             30 June     31 December 
 
                                                                2016            2015 
 
                                                           Unaudited         Audited 
 
Assets 
 
Current assets 
 
Trade and other receivables                                    1,413           3,040 
 
Cash and cash equivalents                                     82,600          95,885 
 
                                                             _______         _______ 
 
Total assets                                                  84,013          98,925 
 
                                                             _______         _______ 
 
Equity and liabilities 
 
Equity 
 
Share capital                                                 61,890          61,890 
 
Share premium account                                        173,544         173,544 
 
Retained loss                                              (154,671)       (145,751) 
 
                                                            ________        ________ 
 
                                                              80,763          89,683 
 
Current liabilities 
 
Trade and other payables                                       3,250           9,242 
 
                                                             _______         _______ 
 
Total equity and liabilities                                  84,013          98,925 
 
                                                             _______         _______ 
 
 
 
HELLENIC CAPITAL PLC 
CONDENSED STATEMENT OF CHANGES IN EQUITY 
FOR THE PERIOD ENDED 30 JUNE 2016 
 
                                            Share      Share   Retained 
 
                                          Capital    premium       loss       Total 
 
                                                GBP          GBP          GBP           GBP 
 
As at 1 January 2015                       61,890    173,544  (147,325)      88,109 
 
                                           ______    _______    _______     _______ 
 
Total comprehensive loss for period             -          -    (6,212)     (6,212) 
 
                                           ______    _______    _______     _______ 
 
As at 30 June 2015                         61,890    173,544  (153,537)      81,897 
 
                                           ______    _______    _______     _______ 
 
 
 
 
                                            Share      Share   Retained 
 
                                          Capital    premium       loss       Total 
 
                                                GBP          GBP          GBP           GBP 
 
As at 1 January 2016                       61,890    173,544  (145,751)      89,683 
 
                                           ______    _______    _______     _______ 
 
Total comprehensive loss for period             -          -    (8,920)     (8,920) 
 
                                           ______    _______    _______     _______ 
 
As at 30 June 2016                         61,890    173,544  (154,671)      80,763 
 
                                           ______    _______    _______     _______ 
 
 
 
 
HELLENIC CAPITAL PLC 
CONDENSED CASH FLOW STATEMENT 
FOR THE PERIOD ENDED 30 JUNE 2016 
 
                                                            Period to      Period to      Period to 
 
                                                              30 June        30 June        30 June 
 
                                                                 2016           2015           2014 
 
                                                            Unaudited      Unaudited      Unaudited 
 
                                                                    GBP              GBP              GBP 
 
Cash flows from operating activities 
 
Operating loss                                                (8,920)        (6,212)       (30,296) 
 
                                                              _______        _______        _______ 
 
Movements in working capital: 
 
Decrease in trade and other receivables                         1,627          2,677          3,110 
 
Decrease in trade and other payables                          (5,992)        (2,998)          1,531 
 
                                                              _______        _______        _______ 
 
Cash used in operations                                      (13,285)        (6,533)       (25,655) 
 
Corporation tax paid                                                -              -              - 
 
                                                             ________       ________       ________ 
 
Net cash used in operating activities                        (13,285)        (6,533)       (25,655) 
 
                                                             ________       ________       ________ 
 
Decrease in cash and cash equivalents                        (13,285)        (6,533)       (25,655) 
 
                                                             ________       ________       ________ 
 
Cash and cash equivalents at the beginning of the              95,885         92,839        132,314 
period 
 
                                                             ________       ________       ________ 
 
Cash and cash equivalents at the end of the period             82,600         86,306        106,659 
 
                                                             ________       ________       ________ 
 
 
HELLENIC CAPITAL PLC 
ACCOUNTING POLICIES 
FOR THE PERIOD ENDED 30 JUNE 2016 
 
1.   Financial Information 
 
The financial information set out above does not constitute statutory accounts 
within the meaning of Section 434 of the Companies Act 2006. It has been 
prepared on a going concern basis in accordance with the recognition and 
measurement criteria of the International Financial Reporting Standards (IFRS) 
as adopted by the European Union. 
 
The accounting policies used in the preparation of this set of condensed 
interim financial statements are consistent with those set out in the Company's 
annual financial statements for the year ended 31 December 2015 and those that 
will be used in the preparation of the Financial Statements for the year ended 
31 December 2016.  Statutory accounts for the year ended 31 December 2015 were 
approved by the Board of Directors on 31 May 2016 and delivered to the 
Registrar of Companies. The report of the auditor on those Financial Statements 
was unqualified. 
 
       The financial information for the period ended 30 June 2016 has not been 
audited or reviewed. As permitted, the Company has chosen not to adopt IAS 34 
"Interim Financial Statements" in preparing this interim financial information. 
 
      Going Concern 
 
The Director, having made appropriate enquiries, considers that adequate 
resources exist for the Company to continue in operational existence for the 

(MORE TO FOLLOW) Dow Jones Newswires

October 03, 2016 02:00 ET (06:00 GMT)

DJ Hellenic Capital Plc Interim Results -2-

foreseeable future and that, therefore, it is appropriate to adopt the going 
concern basis in preparing the condensed interim financial statements for the 
period ended 30 June 2016. 
 
      Changes in Accounting Policy and Disclosures 
 
      New and amended standards adopted by the Company 
 
There are no IFRSs or IFRIC interpretations that are effective for the first 
time for the financial period beginning 1 January 2016 and relevant to the 
Company. 
 
2.   Earnings per share 
 
      The calculation of basic earnings per share is based on the loss 
attributable to ordinary Shareholders divided by the weighted average of 
ordinary shares in issue being 61,889,500 during the period.  This results in a 
loss per share of nil (2015: nil).  Diluted earnings per share equates to basic 
earnings per share due to there being no dilutive shares in issue. 
 
3.   Capital Commitments 
 
      There were no capital commitments authorised by the Director or 
contracted for at 30 June 2016. 
 
4.   Director's Remuneration 
 
The Director will not be remunerated until such a time as a substantial 
investment or acquisition has been made. 
 
 
 
END 
 

(END) Dow Jones Newswires

October 03, 2016 02:00 ET (06:00 GMT)