TIDMCLY
RNS Number : 5429N
Caplay PLC
19 February 2009
For immediate release
19 February 2009
Caplay Plc
("Caplay" or the "Company")
Interim Results for the Six Months Ended 30 November 2008
The Board of Caplay announces its un-audited interim results for the six months
ended 30 November 2008. The results showed a loss of GBP90,440 (2007: loss of
GBP103,017), of which GBP81,326 (2007: GBP90,363) relates to the further
diminution in value of the Company's investment in Private Trading Systems plc
("PTS"). The shares of PTS are currently suspended from trading on PLUS pending
the publication of its final results.
As previously reported the Company made a GBP200,000 loan to Textic Limited on
18 June 2008 and at the same time was granted an option to acquire the entire
issued share capital of Textic. Since making the initial loan, the Board of
Caplay has been pleased with the progress that Textic has continued to make in
developing its business. In addition to launching Talklets Plus, a
ground-breaking translation tool, and completing the beta release of Talklets
Mobile, Textic has raised a total of GBP430,000 in equity since Caplay's loan
and continues to attract interest from outside investors. Your Board remains in
very close contact with Textic and its advisors and remains confident that
Textic will prove to be an attractive investment for Caplay and its
shareholders.
As previously announced, as an investing company under the AIM Rules Caplay must
either substantially implement its investment strategy or conclude a reverse
takeover on or before 31 March 2009 or otherwise its shares will be suspended
from trading on AIM. If Caplay's shares are suspended, the Company will have a
further six months to conclude a transaction before its shared are cancelled
from trading on AIM.
Enquires:
Caplay PLC +44 207 486 8985
Tony Fabrizi, Chairman
Nominated Advisor + 44 207 628 3396
Michael Cornish, Beaumont Cornish Limited
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Caplay Plc | | | | | | |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Consolidated income statement | | | | | | |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| for the six months ended 30 November | | | | | | |
| 2008 | | | | | | |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| | | Six months ended | | Year ended |
+--------------------------------------+------+------------------------------+--+------------+
| | | 30 November | | 31 May |
+--------------------------------------+------+------------------------------+--+------------+
| | | 2008 | | 2007 | | 2008 |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| | Note | (Unaudited) | | (Unaudited) | | (Audited) |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| | | GBP | | GBP | | GBP |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Continuing operations | | | | | | |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Revenue | | - | | - | | - |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Administrative expenses | | (30,089) | | (35,005) | | (206,076) |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Other losses | | (81,326) | | (90,363) | | (114,493) |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| | | | | | | |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Operating loss | | (111,415) | | (125,368) | | (320,569) |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| | | | | | | |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Finance income | | 20,975 | | 22,351 | | 42,485 |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Finance expense | | - | | - | | (69) |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| | | | | | | |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Loss before taxation | | (90,440) | | (103,017) | | (278,153) |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| | | | | | | |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Taxation | 3 | - | | - | | - |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| | | | | | | |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Loss for the period | | (90,440) | | (103,017) | | (278,153) |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| | | | | | | |
+--------------------------------------+------+-------------+--+-------------+--+------------+
| Loss per share - basic and diluted | 4 | (0.03)p | | (0.04)p | | (0.10)p |
+--------------------------------------+------+-------------+--+-------------+--+------------+
+------------------------------------------+
| Statement of changes in shareholders' |
| equity |
+------------------------------------------+
| for the six months ended 30 November |
| 2008 |
+------------------------------------------+
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| | Share | | Share | | Profit and | | Total |
| | | | | | | | |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| | capital | | premium | | loss | | equity |
| | | | | | account | | |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| | GBP | | GBP | | GBP | | GBP |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Unaudited | | | | | | | |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Balance at 1 June 2008 | 6,800,000 | | 6,112,612 | | (12,128,415) | | 784,197 |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Loss for the period | - | | - | | (90,440) | | (90,440) |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Balance at 30 November 2008 | 6,800,000 | | 6,112,612 | | (12,218,855) | | 693,757 |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| | | | | | | | |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Unaudited | | | | | | | |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Balance at 1 June 2007 | 6,800,000 | | 6,112,612 | | (11,850,262) | | 1,062,350 |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Loss for the period | - | | - | | (103,017) | | (103,017) |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Balance at 30 November 2007 | 6,800,000 | | 6,112,612 | | (11,953,279) | | 959,333 |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| | | | | | | | |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Audited | | | | | | | |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Balance at 1 June 2007 | 6,800,000 | | 6,112,612 | | (11,850,262) | | 1,062,350 |
| | | | | | | | |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Loss for the period | - | | - | | (278,153) | | (278,153) |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
| Balance at 31 May 2008 | 6,800,000 | | 6,112,612 | | (12,128,415) | | 784,197 |
+---------------------------------+--------------+--+--------------+--+--------------+--+------------+
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Consolidated balance sheet | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| as at 30 November 2008 | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| | | 30 November | | 31 May |
+------------------------------------------+--+--------------------------------+--+--------------+
| | | 2008 | | 2007 | | 2008 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| | | (Unaudited) | | (Unaudited) | | (Audited) |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| | | GBP | | GBP | | GBP |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| ASSETS | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Non current assets | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Property, plant and equipment | | 1 | | 78 | | 1 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Loans and receivables | | 200,000 | | 6,057 | | - |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| | | 200,001 | | 6,135 | | 1 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Current assets | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Trade and other receivables | | 22,689 | | 10,805 | | 13,960 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Other financial assets at fair value | | 81,326 | | 180,725 | | 162,652 |
| through profit or loss | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Cash and cash equivalents | | 453,090 | | 816,772 | | 742,288 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| | | 557,105 | | 1,008,302 | | 918,900 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Total assets | | 757,106 | | 1,014,437 | | 918,901 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| LIABILITIES | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Current liabilities | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Trade and other payables | | (63,349) | | (55,104) | | (134,704) |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Total current liabilities | | (63,349) | | (55,104) | | (134,704) |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Total assets less current liabilities | | 693,757 | | 959,333 | | 784,197 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| SHAREHOLDERS' EQUITY | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Called up share capital | | 6,800,000 | | 6,800,000 | | 6,800,000 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Share premium account | | 6,112,612 | | 6,112,612 | | 6,112,612 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Retained earnings | | (12,218,855) | | (11,953,279) | | (12,128,415) |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| | | | | | | |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
| Total shareholders' equity | | 693,757 | | 959,333 | | 784,197 |
+------------------------------------------+--+--------------+--+--------------+--+--------------+
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Cash flow statement | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| for the six months ended 30 November | | | | | | |
| 2008 | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| | | Six months ended | | Year ended |
+------------------------------------------+--+------------------------------+--+------------+
| | | 30 November | | 31 May |
+------------------------------------------+--+------------------------------+--+------------+
| | | 2008 | | 2007 | | 2008 |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| | | (Unaudited) | | (Unaudited) | | (Audited) |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| | | GBP | | GBP | | GBP |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Cash flows from operating activities | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Operating loss | | (111,415) | | (125,368) | | (320,569) |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Depreciation | | - | | 516 | | 593 |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Fair value losses on financial assets at | | 81,326 | | 90,363 | | 114,493 |
| fair value through profit or loss | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| (Increase)/decrease in trade and other | | (8,729) | | 5,327 | | 2,172 |
| receivables | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| (Decrease)/increase in trade and other | | (71,355) | | (23,075) | | 56,525 |
| payables | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Cash used in operations | | (110,173) | | (52,237) | | (146,786) |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Finance income | | 20,975 | | 22,351 | | 42,485 |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Finance expense | | - | | - | | (69) |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Net cash used in operating activities | | (89,198) | | (29,886) | | (104,370) |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Cash flows from investing activities | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Loan granted | | (200,000) | | - | | - |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Net decrease in cash and cash | | (289,198) | | (29,886) | | (104,370) |
| equivalents | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Cash and cash equivalents at start of | | 742,288 | | 846,658 | | 846,658 |
| period | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
| Cash and cash equivalents at end of | | 453,090 | | 816,772 | | 742,288 |
| period | | | | | | |
+------------------------------------------+--+-------------+--+-------------+--+------------+
Notes to the half-yearly financial information
1. General information
Caplay Plc is a company incorporated in the United Kingdom, and its ordinary
shares are traded on AIM, a market operated by London Stock Exchange Plc. The
address of Caplay's registered office is Caledonia House, 89 Seaward Street,
Glasgow G41 1HJ
2. Financial information
The financial information set out above does not constitute statutory accounts
within the meaning of Section 240 of the Companies Act 1985. It has been
prepared under applicable International Financial Reporting Standards adopted by
the European Union ('IFRS').
The accounting policies applied in preparing the interim financial information
are consistent with those set out in the statutory accounts of the Group for the
year ended 31 May 2008. The comparative figures for the year ended 31 May 2008
are extracted from the statutory accounts for that period which have been filed
with the Registrar of Companies. The report of the auditors on those accounts
was unqualified.
The financial information for the six months ended 30 November 2008 and the six
months ended 30 November 2007 has not been audited. As permitted, the Group has
chosen not to adopt IAS 34 'Interim Financial Statements' in preparing this
interim financial information.
3. Taxation
On the basis of these accounts there is no tax charge for the period.
4. Loss per share
The loss and number of shares used in the calculation of loss per share are as
follows:
+------------------------------------------+--+---------------+--+---------------+--+--------------+
| | | Six months ended | | Year |
| | | | | Ended |
+------------------------------------------+--+----------------------------------+--+--------------+
| | | 30 November | | 31 May |
+------------------------------------------+--+----------------------------------+--+--------------+
| | | 2008 | | 2007 | | 2008 |
+------------------------------------------+--+---------------+--+---------------+--+--------------+
| | | (unaudited) | | (unaudited) | | (audited) |
+------------------------------------------+--+---------------+--+---------------+--+--------------+
| Basic and diluted | | | | | | |
+------------------------------------------+--+---------------+--+---------------+--+--------------+
| Loss for the financial period | | (90,440) | | (103,017) | | (278,153) |
+------------------------------------------+--+---------------+--+---------------+--+--------------+
| Weighted average number of ordinary | | 280,000,000 | | 280,000,000 | | 280,000,000 |
| shares | | | | | | |
+------------------------------------------+--+---------------+--+---------------+--+--------------+
| Loss per share | | (0.03)p | | (0.04)p | | (0.10)p |
+------------------------------------------+--+---------------+--+---------------+--+--------------+
There was no dilutive effect from the warrants outstanding during the period.
5. Dividends
The directors do not propose to declare a dividend for the period.
6. Website
Copies of this announcement are available from the Company's website as required
by AIM Rule 26 which can be found at www.caplay-plc.co.uk.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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