Interim Results
May 22 2003 - 4:33AM
UK Regulatory
RNS Number:4225L
Maisha PLC
22 May 2003
MAISHA PLC
INTERIM REPORT FOR THE SIX MONTHS TO 28 FEBRUARY 2003
CHAIRMAN'S STATEMENT
The Group's results for the half year ended 28 February 2003 show a loss before
and after taxation of #43,000. This compares with a loss of #58,000 for the
comparable period last year, and includes #10,000 of expenses relating to a
proposed acquisition.
Mumtaz H Khan
Chairman
22 May 2003
SUMMARISED GROUP PROFIT AND LOSS ACCOUNT Half year ended Half year ended
28 February 2003 28 February 2002 Year ended 31
August 2002
(Unaudited) (Unaudited) (Audited)
#'000 #'000 #'000
Turnover - - -
Operating loss (57) (76) (206)
Net interest 14 18 36
Loss on ordinary activities before and after taxation (43) (58) (170)
Loss per share (Note 2) (0.18)p (0.24)p (0.71)p
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
#'000 #'000 #'000
Loss after taxation (43) (58) (170)
Loss on foreign currency translation - - (2)
Total recognised loss (43) (58) (172)
GROUP BALANCE SHEET As at As at As at
28 February 28 February 31 August
2003 2002 2002 (Audited)
(Unaudited) (Unaudited) #'000
#'000 #'000
Fixed assets - - -
Current assets
Debtors 3 6 6
Cash at bank and in hand 852 1,015 947
855 1,021 953
Creditors: amounts falling due within one year (33) (42) (88)
Net current assets 822 979 865
Capital and reserves
Called up share capital 238 238 238
Share premium account 345 345 345
Profit and loss account 239 508 282
822 1,091 865
GROUP CASH FLOW STATEMENT Half year ended Half year ended
28 February 2003 28 February 2002 Year ended 31
August 2002
(Unaudited) (Unaudited) (Audited)
#'000 #'000 #'000
Net cash (outflow)/inflow from operating activities (109) (107) (193)
Interest received 14 18 36
(Decrease)/increase in cash (95) (89) (157)
NOTES TO THE INTERIM REPORT
1 - Basis of preparation
The Interim Report has been prepared under the historical cost convention, in
accordance with applicable accounting standards.
The Interim Report does not comprise statutory accounts for the purpose of
section 240 of the Companies Act 1985.
The information for the six months ended 28 February 2003 and the six months
ended 28 February 2002 is unaudited and has not been reviewed by the Company's
auditors. The information for the six months ended 28 February 2002 forms part
of the results contained in the statutory accounts for the year ended 31 August
2002. The information for the year ended 31 August 2002 has been extracted from
the statutory accounts on which an unqualified audit report was issued and which
have been delivered to the Registrar of Companies.
2 - Loss per share
Loss per share is based on a loss after taxation of #43,000 and on 23,843,247
shares, being the number of ordinary shares in issue during the period (February
2002 #58,000 loss and August 2002 #170,000 loss on 23,843,247 shares).
3 - Dividends
The Directors do not propose the payment of an interim dividend.
4 - Publication
Copies of this statement will be circulated to all shareholders and will also be
available from the registered office of the Company, Centurion House, 37 Jewry
Street, London EC3N 2ER.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR KLLBLXEBLBBD