TIDMENF
RNS Number : 6271T
Enfis Group PLC
30 September 2010
ENFIS GROUP PLC
("Enfis" or "the Group")
Unaudited Interim Results for the Six Months ended 30 June 2010
Enfis, a specialist in the design, development and manufacture of intelligent
high power light emitting diode (LED) arrays and light engines, today announces
its unaudited interim results for the six months ended 30 June 2010 ("H1 2010").
Highlights:
· Sales, gross margin and sales order intake to 31 August 2010 in line with
Board expectations
· Year to date order intake to 31 August 2010 up 24%
· Net cash and cash equivalents GBP449,000 at 30 June 2010
· Sales recovery continued after 30 June: year to date sales GBP493,000 at
31 August 2010
· Orders on hand of GBP300,000 at 31 August 2010 for 2010 delivery
· Further cost reduction of c. GBP200,000 p.a. to be completed by 30
November 2010
Ceri Jones, Chief Executive, commented:
"The Group has made progress towards profitability and positive cash generation
in the first half and has successfully resolved certain outstanding issues from
prior years.
The Board is particularly pleased with progress made in the Group's core
entertainment lighting and UV curing sectors and expects further growth in these
and other specialist markets."
Enquiries:
+------------------------------------------+--------------------+
| Enfis Group plc | Tel: 01792 485 660 |
+------------------------------------------+--------------------+
| | |
| Ceri Jones, Chief Executive | |
+------------------------------------------+--------------------+
| | |
+------------------------------------------+--------------------+
| | Tel: 020 7456 9191 |
| Execution Noble & Company Limited | |
+------------------------------------------+--------------------+
| | |
| John Llewellyn-Lloyd / Harry | |
| Stockdale | |
+------------------------------------------+--------------------+
Chief Executive's Statement
2010 First Half and Year to Date Performance
During the six months ended 30 June 2010, the Group generated a loss after
taxation of GBP766,000 on sales of GBP254,000. This compares with a loss after
taxation of GBP680,000 for the same period last year.
However, the first half result is a significant improvement on the results for
the second half of 2009, with the key comparisons to that period as follows:
· Sales increased by approximately 39%
· Gross Margin recovered to approximately 31%
· Administrative Overheads reduced by GBP643,000 (43%)
Sales
The progress referred to above has continued into the second half of 2010. At 31
August 2010 year to date sales were GBP493,000 and the Group held further orders
of just under GBP300,000 for delivery in 2010.
The Group has worked closely with its key customers and sales prospects in 2010,
both directly and through its value-added resellers. Particular progress has
been made in the market sectors for UV curing and entertainment lighting - the
increased development activity of our customers in these sectors is resulting in
increased orders for the Group. These sectors have the potential to drive
substantial revenue growth in the next year.
Product Development
The Group's product development effort in 2010 has to date been focused on
reducing the manufacturing and customisation costs of its core LED array
products. These efforts have made good progress and the resulting products are
undergoing lifetime and reliability testing with initial sales expected before
the end of 2010. Capital expenditure for the first half of 2010 was GBP77,000.
Administrative Overheads
Administrative overheads for the half year total GBP863,000 and include non cash
charges for depreciation, amortisation and share-based payments of GBP139,000.
The total also includes a charge of GBP134,000 to provide in full for the
balance of a trade debtor dating from June 2009.
The Board has identified a number of changes to the business which will further
reduce administrative overheads by approximately GBP200,000 per annum. These
changes are underway and all are expected to have been actioned by the end of
November 2010. The full benefit of these savings is expected to arise in the
first half of 2011.
Staff
The Group's employees have worked very hard during the period under review both
to improve the business going forward and to resolve successfully certain
outstanding issues relating to prior years. The Board wishes to place on record
its appreciation for their efforts.
Cash Position
The Group's cash and cash equivalents at 30 June 2010 stood at GBP492,000. Total
debt at 30 June 2010 was GBP43,000. The Group received tax credits of a further
GBP195,000 early in the second half of the year.
Outlook
The Board shares the view of a number of the Group's major shareholders that the
Group and its customers, employees and suppliers would benefit from it being
part of a larger operation.
The Group continues to work closely with its key customers and sales prospects,
both directly and through its value added resellers, with a view to further
improving order intake which is up 24% year on year to the end of August.
The Directors expect a further improvement in the gross margin as current
product development initiatives lead to both a reduction in LED array
manufacturing costs and an increasingly cost-effective flexibility in providing
customised LED array solutions.
The Board looks forward to making further progress in the second half of the
year.
Ceri Jones
Chief Executive
Consolidated income statement
for the six month period ended 30 June 2010
+-------+----------------+------------------+-----------------+-----------+
| | | 6 | 6 | Year |
| | | months | months | ended |
| | | ended | ended | 31 |
| | | 30 | 30 | December |
| | | June | June | 2009 |
| | | 2010 | 2009 | (audited) |
| | | (unaudited) | (unaudited) | |
+-------+----------------+------------------+-----------------+-----------+
| Notes | | GBP000 | GBP000 | GBP000 |
+-------+----------------+------------------+-----------------+-----------+
| | Revenue | 254 | 530 | 713 |
+-------+----------------+------------------+-----------------+-----------+
| | Cost of | (178) | (342) | (497) |
| | sales | | | |
+-------+----------------+------------------+-----------------+-----------+
| | Gross | 76 | 188 | 216 |
| | profit | | | |
+-------+----------------+------------------+-----------------+-----------+
| | Administrative | (863) | (881) | (2,387) |
| | expenses | | | |
+-------+----------------+------------------+-----------------+-----------+
| | Other | 24 | 15 | 80 |
| | income | | | |
+-------+----------------+------------------+-----------------+-----------+
| | Operating | (763) | (678) | (2,091) |
| | loss for | | | |
| | the | | | |
| | period | | | |
+-------+----------------+------------------+-----------------+-----------+
| | Net | (3) | (2) | 1 |
| | finance | | | |
| | (cost)/income | | | |
+-------+----------------+------------------+-----------------+-----------+
| | Loss | (766) | (680) | (2,090) |
| | before | | | |
| | taxation | | | |
+-------+----------------+------------------+-----------------+-----------+
| | Taxation | | - | 326 |
+-------+----------------+------------------+-----------------+-----------+
| | Loss | (766) | (680) | (1,764) |
| | after | | | |
| | taxation | | | |
+-------+----------------+------------------+-----------------+-----------+
Attributable to:
+----+--------------+---------+---------+---------+
| | Equity | (766) | (680) | (1,764) |
| | holders | | | |
| | of the | | | |
| | company | | | |
+----+--------------+---------+---------+---------+
| | | | | |
+----+--------------+---------+---------+---------+
| | Earnings | | | |
| | per | | | |
| | share | | | |
| | for loss | | | |
| | attributable | | | |
| | to the | | | |
| | equity | | | |
| | holders of | | | |
| | the Company | | | |
+----+--------------+---------+---------+---------+
| | - basic | | (5.7p) | (12.6p) |
| | and | (5.1p) | | |
| | diluted | | | |
+----+--------------+---------+---------+---------+
| | | | | |
+----+--------------+---------+---------+---------+
All activities above relate to the continuing operations of the group.
Consolidated balance sheet
As at 30 June 2010
+-------+--------------+-------------+-------------+-----------+
| | | 30 | 30 | 31 |
| | | June | June | December |
| | | 2010 | 2009 | 2009 |
| | | (unaudited) | (unaudited) | (audited) |
+-------+--------------+-------------+-------------+-----------+
| Notes | Assets | GBP000 | GBP000 | GBP000 |
+-------+--------------+-------------+-------------+-----------+
| | Non-current | | | |
| | assets | | | |
+-------+--------------+-------------+-------------+-----------+
| | Property, | 108 | 166 | 138 |
| | plant and | | | |
| | equipment | | | |
+-------+--------------+-------------+-------------+-----------+
| | Intangible | 390 | 527 | 380 |
| | assets | | | |
+-------+--------------+-------------+-------------+-----------+
| | | 498 | 693 | 518 |
+-------+--------------+-------------+-------------+-----------+
| | Current | | | |
| | assets | | | |
+-------+--------------+-------------+-------------+-----------+
| | Inventories | 267 | 369 | 237 |
+-------+--------------+-------------+-------------+-----------+
| | Trade and | 171 | 488 | 253 |
| | other | | | |
| | receivables | | | |
+-------+--------------+-------------+-------------+-----------+
| | Corporation | 195 | 271 | 331 |
| | tax | | | |
| | receivable | | | |
+-------+--------------+-------------+-------------+-----------+
| | Cash and | 492 | 1,415 | 1,029 |
| | cash | | | |
| | equivalents | | | |
+-------+--------------+-------------+-------------+-----------+
| | | 1,125 | 2,543 | 1,850 |
+-------+--------------+-------------+-------------+-----------+
| | Total | 1,623 | 3,236 | 2,368 |
| | assets | | | |
+-------+--------------+-------------+-------------+-----------+
| | | | | |
+-------+--------------+-------------+-------------+-----------+
| | Capital | | | |
| | and | | | |
| | reserves | | | |
| | attributable | | | |
| | to equity | | | |
| | holders of | | | |
| | the company | | | |
+-------+--------------+-------------+-------------+-----------+
| | Ordinary | 1,516 | 1,498 | 1,498 |
| | shares | | | |
+-------+--------------+-------------+-------------+-----------+
| | Share | 5,294 | 5,294 | 5,294 |
| | premium | | | |
+-------+--------------+-------------+-------------+-----------+
| | Share | 267 | 185 | 226 |
| | option | | | |
| | reserve | | | |
+-------+--------------+-------------+-------------+-----------+
| | Reverse | 2,284 | 2,284 | 2,284 |
| | acquisition | | | |
| | reserve | | | |
+-------+--------------+-------------+-------------+-----------+
| | Retained | (8,315) | (6,447) | (7,531) |
| | losses | | | |
+-------+--------------+-------------+-------------+-----------+
| 3 | Total | 1,046 | 2,814 | 1,771 |
| | equity | | | |
+-------+--------------+-------------+-------------+-----------+
| | | | | |
+-------+--------------+-------------+-------------+-----------+
| | Liabilities | | | |
+-------+--------------+-------------+-------------+-----------+
| | Non-current | | | |
| | liabilities | | | |
+-------+--------------+-------------+-------------+-----------+
| | Deferred | - | 20 | 5 |
| | income | | | |
+-------+--------------+-------------+-------------+-----------+
| | Borrowings | 13 | 43 | 28 |
+-------+--------------+-------------+-------------+-----------+
| | | 13 | 63 | 33 |
+-------+--------------+-------------+-------------+-----------+
| | Current | | | |
| | liabilities | | | |
+-------+--------------+-------------+-------------+-----------+
| | Trade and | 398 | 321 | 356 |
| | other | | | |
| | payables | | | |
+-------+--------------+-------------+-------------+-----------+
| | Borrowings | 30 | 38 | 30 |
+-------+--------------+-------------+-------------+-----------+
| | Provisions | | | |
| | for other | | | |
| | liabilities | 136 | | 178 |
| | and charges | | | |
+-------+--------------+-------------+-------------+-----------+
| | | 564 | 359 | 564 |
+-------+--------------+-------------+-------------+-----------+
| | Total | 577 | 422 | 597 |
| | liabilities | | | |
+-------+--------------+-------------+-------------+-----------+
| | | | | |
+-------+--------------+-------------+-------------+-----------+
| | Total | 1,623 | 3,236 | 2,368 |
| | equity and | | | |
| | liabilities | | | |
+-------+--------------+-------------+-------------+-----------+
Consolidated cash flow statement
for the six month period ended 30 June 2010
+-------+----------------+-------------+-------------+-----------+
| | | 6 | 6 | Year |
| | | months | months | ended |
| | | ended | ended | 31 |
| | | 30 | 30 | December |
| | | June | June | 2009 |
| | | 2010 | 2009 | (audited) |
| | | (unaudited) | (unaudited) | |
+-------+----------------+-------------+-------------+-----------+
| Notes | | GBP000 | GBP000 | GBP000 |
+-------+----------------+-------------+-------------+-----------+
| | | | | |
+-------+----------------+-------------+-------------+-----------+
| | Cash outflows | | | |
| | from operating | | | |
| | activities | | | |
+-------+----------------+-------------+-------------+-----------+
| 2 | Cash used in | (587) | (939) | (1,571) |
| | operations | | | |
+-------+----------------+-------------+-------------+-----------+
| | Interest paid | (6) | (6) | (15) |
+-------+----------------+-------------+-------------+-----------+
| | R&D tax | 136 | - | 266 |
| | credits | | | |
| | received | | | |
+-------+----------------+-------------+-------------+-----------+
| | Net cash | (457) | (945) | (1,320) |
| | (used) in | | | |
| | operating | | | |
| | activities | | | |
+-------+----------------+-------------+-------------+-----------+
| | | | | |
+-------+----------------+-------------+-------------+-----------+
| | Cash flows | | | |
| | from investing | | | |
| | activities | | | |
+-------+----------------+-------------+-------------+-----------+
| | Purchase of | (17) | (1) | (3) |
| | property, | | | |
| | plant and | | | |
| | equipment | | | |
+-------+----------------+-------------+-------------+-----------+
| | Purchase of | (60) | (46) | (94) |
| | intangible | | | |
| | assets | | | |
+-------+----------------+-------------+-------------+-----------+
| | Receipt of | 9 | - | 50 |
| | government | | | |
| | grants | | | |
+-------+----------------+-------------+-------------+-----------+
| | Interest | 3 | 4 | 16 |
| | received | | | |
+-------+----------------+-------------+-------------+-----------+
| | Net cash | (65) | (43) | (31) |
| | (used) from | | | |
| | investing | | | |
| | activities | | | |
+-------+----------------+-------------+-------------+-----------+
| | | | | |
+-------+----------------+-------------+-------------+-----------+
| | Cash flows | | | |
| | from financing | | | |
| | activities | | | |
+-------+----------------+-------------+-------------+-----------+
| | Proceeds from | - | 1,787 | 1,787 |
| | the issuance | | | |
| | of ordinary | | | |
| | shares | | | |
+-------+----------------+-------------+-------------+-----------+
| | Proceeds from | - | - | - |
| | borrowings | | | |
+-------+----------------+-------------+-------------+-----------+
| | Repayments of | (15) | (15) | (30) |
| | borrowings | | | |
+-------+----------------+-------------+-------------+-----------+
| | Finance lease | - | (10) | (18) |
| | principal | | | |
| | repayments | | | |
+-------+----------------+-------------+-------------+-----------+
| | Net cash | (15) | 1,762 | 1,739 |
| | generated from | | | |
| | financial | | | |
| | activities | | | |
+-------+----------------+-------------+-------------+-----------+
| | | | | |
+-------+----------------+-------------+-------------+-----------+
| | Net (decrease) | (537) | 774 | 388 |
| | / increase in | | | |
| | cash and cash | | | |
| | equivalents | | | |
+-------+----------------+-------------+-------------+-----------+
| | Cash and cash | 1,029 | 641 | 641 |
| | equivalents at | | | |
| | the beginning | | | |
| | of the period | | | |
+-------+----------------+-------------+-------------+-----------+
| | Cash and cash | 492 | 1,415 | 1,029 |
| | equivalents at | | | |
| | the end of the | | | |
| | period | | | |
+-------+----------------+-------------+-------------+-----------+
1 Basis of preparation
+-----------------+
| This |
| condensed |
| consolidated |
| interim |
| financial |
| information |
| for the six |
| months ended |
| 30 June 2010 |
| has been |
| prepared in |
| accordance |
| with IAS 34, |
| 'Interim |
| financial |
| reporting' |
| as adopted |
| by the |
| European |
| Union. The |
| condensed |
| consolidated |
| interim |
| financial |
| information |
| should be |
| read in |
| conjunction |
| with the |
| annual |
| financial |
| statements |
| for the year |
| ended 31 |
| December |
| 2009, which |
| have been |
| prepared in |
| accordance |
| with IFRSs |
| as adopted |
| by the |
| European |
| Union. |
| |
| Going |
| Concern |
| |
| The |
| Directors |
| believe that |
| it is |
| appropriate |
| to continue |
| to adopt the |
| going |
| concern |
| basis in |
| preparing |
| the interim |
| financial |
| information |
| for the six |
| months to 30 |
| June 2010. |
| |
| The |
| projections |
| prepared for |
| the 2009 |
| Annual |
| Report made |
| assumptions, |
| inter alia, |
| on the |
| amount and |
| timing of |
| revenues and |
| gross |
| margins |
| which the |
| Group |
| expected to |
| achieve. |
| Trading has |
| been |
| substantially |
| in line with |
| these |
| expectations |
| up to 31 |
| August 2010 |
| but |
| forecasting |
| remains very |
| uncertain. |
| |
| On page 20 of |
| the Annual |
| Report 2009 a |
| number of key |
| uncertainties |
| were |
| highlighted |
| which could |
| affect the |
| ability of |
| the Group to |
| operate |
| within its |
| cash |
| resources. |
| All these |
| uncertainties |
| remain valid. |
| |
| A significant |
| debtor as at |
| 31 December |
| 2009, and |
| previously |
| thought |
| recoverable, |
| has now |
| proved |
| irrecoverable. |
| This has been |
| reflected in |
| this interim |
| financial |
| information |
| with the |
| balance owed |
| being fully |
| written off. |
| |
| The Group |
| continues to |
| pursue the |
| policy of |
| utilizing |
| grant and |
| other |
| innovation |
| funding |
| programs to |
| partially fund |
| the capital |
| and revenue |
| expenditure |
| incurred in |
| pursuing its |
| policy of |
| innovation. |
| Should such |
| funding become |
| less available |
| to the Group, |
| for example |
| through |
| changes in |
| government |
| policy, then |
| this will |
| clearly have |
| an adverse |
| impact on the |
| Group's |
| ability to |
| progress its |
| product |
| development. |
| |
| The Directors |
| have prepared |
| cash flow |
| projections |
| from 1 October |
| 2010 to 30 |
| September |
| 2011. These |
| projections |
| continue to |
| show that the |
| Group is able |
| to operate |
| within its |
| current cash |
| resources with |
| a limited |
| headroom. The |
| projections |
| assume the |
| achievement of |
| revenues and |
| other income |
| and the |
| further |
| rationalisation |
| of the cost |
| base. This |
| rationalisation |
| is underway and |
| is expected to |
| be completed by |
| the end of |
| November 2010. |
| If revenue and |
| other income |
| targets are not |
| achieved then a |
| more |
| significant |
| rationalisation |
| will be |
| required. |
| The Directors |
| recognise that |
| there is a |
| material |
| uncertainty |
| that may cast |
| significant |
| doubt on the |
| Group's ability |
| to continue as |
| a going concern |
| and therefore |
| that it may be |
| unable to |
| realise its |
| assets and |
| discharge its |
| liabilities in |
| the normal |
| course of |
| business. |
| However, it is |
| the Directors' |
| view that, |
| based on |
| projections |
| prepared for |
| the Group's |
| business the |
| Group is likely |
| to have |
| adequate |
| resources to |
| continue for |
| the foreseeable |
| future. These |
| condensed |
| consolidated |
| financial |
| statements are |
| therefore |
| prepared on a |
| going concern |
| basis and do |
| not contain any |
| adjustments |
| which would |
| result from |
| this basis of |
| preparation |
| being |
| inappropriate. |
| |
| Other |
| Information |
| |
| The Company is |
| a limited |
| liability |
| company |
| incorporated |
| and domiciled |
| in the UK. The |
| address of its |
| registered |
| office is |
| Technium 2, |
| Kings Road, |
| Swansea |
| Waterfront, |
| Swansea, SA1 |
| 8PJ, and the |
| registered |
| number of the |
| company is |
| 06133765. |
| The Company has |
| its primary |
| listing on AIM. |
| This condensed |
| consolidated |
| interim |
| financial |
| information was |
| approved for |
| issue on 30 |
| September 2010. |
| This condensed |
| consolidated |
| interim |
| financial |
| information |
| does not |
| comprise |
| statutory |
| accounts within |
| the meaning of |
| section 434 of |
| the Companies |
| Act 2006. |
| Statutory |
| accounts for |
| the year ended |
| 31 December |
| 2009 were |
| approved by the |
| Board of |
| Directors on 10 |
| March 2010 and |
| delivered to |
| the Registrar |
| of Companies. |
| The report of |
| the auditors on |
| those accounts |
| was |
| unqualified, |
| did not contain |
| an emphasis of |
| matter |
| paragraph and |
| did not contain |
| any statement |
| under section |
| 498 of the |
| Companies Act |
| 2006. |
| This condensed |
| consolidated |
| interim |
| financial |
| information has |
| not been |
| reviewed or |
| audited. |
+-----------------+
2 Cash used in operations
+----------------+-------------+-------------+-----------+
| | 6 | 6 | Year |
| | months | months | ended |
| | ended | ended | 31 |
| | 30 | 30 | December |
| | June | June | 2009 |
| | 2010 | 2009 | (audited) |
| | (unaudited) | (unaudited) | |
+----------------+-------------+-------------+-----------+
| | GBP000 | GBP000 | GBP000 |
+----------------+-------------+-------------+-----------+
| | | | |
+----------------+-------------+-------------+-----------+
| Loss before | (766) | (680) | (2,090) |
| income tax | | | |
+----------------+-------------+-------------+-----------+
| Adjustments | | | |
| for: | | | |
+----------------+-------------+-------------+-----------+
| - Loss on | | | |
| asset disposal | | | 1 |
+----------------+-------------+-------------+-----------+
| - | 36 | 38 | 80 |
| Depreciation | | | |
+----------------+-------------+-------------+-----------+
| - | 62 | 73 | 149 |
| Amortisation - | | | |
| intangibles | | | |
+----------------+-------------+-------------+-----------+
| - Write-off | | - | 105 |
| of patents | | | |
+----------------+-------------+-------------+-----------+
| - | (24) | (15) | (30) |
| Amortisation - | | | |
| grants | | | |
+----------------+-------------+-------------+-----------+
| - Share based | 41 | 41 | 82 |
| payments | | | |
+----------------+-------------+-------------+-----------+
| - Government | | - | (50) |
| grant income | | | |
+----------------+-------------+-------------+-----------+
| - Net finance | 3 | 2 | 1 |
| (income) | | | |
+----------------+-------------+-------------+-----------+
| Changes in | | | |
| working | | | |
| capital: | | | |
+----------------+-------------+-------------+-----------+
| - Inventories | (30) | (18) | 114 |
+----------------+-------------+-------------+-----------+
| - Trade and | 82 | (222) | (34) |
| other | | | |
| receivables | | | |
+----------------+-------------+-------------+-----------+
| - Trade and | 9 | (159) | 101 |
| other payables | | | |
+----------------+-------------+-------------+-----------+
| Cash used in | (587) | (939) | (1,571) |
| operations | | | |
+----------------+-------------+-------------+-----------+
3 Combined statement of movements in equity, shareholders funds' and
statement of
movement on reserves (Group)
+----------+----------+---------+---------+-------------+----------+---------+
| | Ordinary | Share | Share | Reverse | Retained | Total |
| | share | premium | option | acquisition | losses | |
| | capital | | reserve | reserve | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | GBP'000 | GBP'000 | GBP'000 | GBP'000 | GBP'000 | GBP'000 |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| At 1 | 938 | 4,067 | 144 | 2,284 | (5,767) | 1,666 |
| January | | | | | | |
| 2009 in | | | | | | |
| Enfis | | | | | | |
| Group | | | | | | |
| Plc | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| Issue of | 560 | 1,456 | - | - | - | 2,016 |
| new | | | | | | |
| shares | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| Expenses | - | (229) | - | - | - | (229) |
| incurred | | | | | | |
| on issue | | | | | | |
| of new | | | | | | |
| shares | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| Loss for | - | - | 41 | - | (680) | (639) |
| the | | | | | | |
| period | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| At 30 | 1,498 | 5,294 | 185 | 2,284 | (6,447) | 2,814 |
| June | | | | | | |
| 2009 in | | | | | | |
| Enfis | | | | | | |
| Group | | | | | | |
| plc | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
3 Combined statement of movements in equity, shareholders' funds and
statement of
movements on reserves (Group) (Continued)
+----------+----------+---------+---------+-------------+----------+---------+
| | Ordinary | Share | Share | Reverse | Retained | Total |
| | share | premium | option | acquisition | losses | |
| | capital | | reserve | reserve | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | GBP'000 | GBP'000 | GBP'000 | GBP'000 | GBP'000 | GBP'000 |
+----------+----------+---------+---------+-------------+----------+---------+
| Balance | 938 | 4,067 | 144 | 2,284 | (5,767) | 1,666 |
| at 1 | | | | | | |
| January | | | | | | |
| 2009 in | | | | | | |
| Enfis | | | | | | |
| Group | | | | | | |
| Plc | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| Issue of | 560 | 1,227 | - | - | - | 1,787 |
| new | | | | | | |
| shares | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| Loss for | - | - | 82 | - | (1,764) | (1,682) |
| the | | | | | | |
| period | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| At 31 | 1,498 | 5,294 | 226 | 2,284 | (7,531) | 1,771 |
| December | | | | | | |
| 2009 in | | | | | | |
| Enfis | | | | | | |
| Group | | | | | | |
| plc | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
3 Combined statement of movements in equity, shareholders funds' and
statement of
movement on reserves (Group)
+----------+----------+---------+---------+-------------+----------+---------+
| | Ordinary | Share | Share | Reverse | Retained | Total |
| | | | | acquisition | | |
| | share | premium | option | reserve | losses | |
| | capital | | reserve | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | GBP'000 | GBP'000 | GBP'000 | GBP'000 | GBP'000 | GBP'000 |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| At 1 | 1,498 | 5,294 | 226 | 2,284 | (7,531) | 1,771 |
| January | | | | | | |
| 2010 | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| Issue of | 18 | - | - | - | (18) | - |
| new | | | | | | |
| shares | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| Loss for | - | - | 41 | - | (766) | (725) |
| the | | | | | | |
| period | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
| At 30 | 1,516 | 5,294 | 267 | 2,284 | (8,315) | 1,046 |
| June | | | | | | |
| 2010 | | | | | | |
+----------+----------+---------+---------+-------------+----------+---------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR LMMJTMBTJBPM
Enfis Group (LSE:ENF)
Historical Stock Chart
From May 2024 to Jun 2024
Enfis Group (LSE:ENF)
Historical Stock Chart
From Jun 2023 to Jun 2024
