RNS Number:3640J
Braime (T.F.& J.H.) (Hldgs) PLC
04 March 2005
At a meeting of the directors held here today, the accounts for the year ended
31st December 2004 were submitted and approved by the directors. The
preliminary profits statement is as follows:
Consolidated Profit and Loss Account for the year ended 31st December 2004
2004 2003
# #
Group turnover 9,330,733 9,418,422
Operating profit/(loss) 41,788 (57,393)
Interest receivable and
similar income 50,363 50,953
92,151 (6,440)
Interest payable 23,238 26,589
Profit/(loss) on ordinary 68,913 (33,029)
activities before taxation
Taxation 14,971 15,009
Profit/(loss) attributable 53,942 (48,038)
to shareholders
The directors recommend the
following appropriations:
Preference shares
Dividend already paid of 9,000 9,000
5.00p per share (2003
5.00p)
Ordinary shares
Interim dividend already
paid of nil p per share - 8,640
(2003 1.80p)
Proposed final dividend of 14,400 19,200
3.00p per share (2003
4.00p)
'A' Ordinary shares
Interim dividend already
paid of nil p per share - 17,280
(2003 1.80p)
Proposed final dividend of 28,800 52,200 38,400 92,520
3.00p per share (2003
4.00p)
Retained profit/(loss) 1,742 (140,558)
Earnings/(losses) per share 3.12p (3.96p)
Consolidated Balance Sheet as at 31st December 2004
2004 2003
# #
Fixed assets Intangible assets 11,035 11,644
Tangible assets 557,301 554,479
568,336 566,123
Current assets Stocks 2,115,681 1,890,199
Debtors 2,450,028 1,899,444
Cash at bank and in 1,415,832 1,614,131
hand
5,981,541 5,403,774
Creditors Amounts falling due 2,368,418 1,832,366
within one year
Net current assets 3,613,123 3,571,408
Total assets less 4,181,459 4,137,531
current liabilities
Creditors Amounts falling due 52,979 -
after more than one
year
Deferred income 24,784 26,440
Net assets 4,103,696 4,111,091
Capital and reserves Called up share capital 540,000 540,000
Capital reserve 77,319 77,319
Profit and loss reserve 3,486,377 3,493,772
Shareholders' funds 4,103,696 4,111,091
Comprising:
Non-equity 180,000 180,000
shareholders' funds
Equity shareholders' 3,923,696 3,931,091
funds
Consolidated Cash Flow Statement for the year ended 31st December 2004
2004 2003
Notes # #
Net cash outflow from operating activities 1 (549,079) (17,501)
Returns on investments and servicing of
finance
Interest received 50,363 50,953
Interest paid (23,238) (26,589)
Non-equity dividends paid (9,000) (9,000)
18,125 15,364
Taxation
UK Corporation tax repaid/(paid) 21,185 (20,701)
Overseas tax paid (27,059) (26,653)
(5,874) (47,354)
Capital expenditure
Purchase of tangible fixed assets (37,841) (35,410)
Disposal of tangible fixed assets 8,626 17,286
(29,215) (18,124)
(566,043) (67,615)
Equity dividends paid (57,600) (141,120)
Management of liquid resources
Decrease in treasury deposits 2 102,019 245,354
(Decrease)/increase in cash 3 (521,624) 36,619
Notes to Consolidated Cash Flow Statement
1. Reconciliation of 2004 2003
operating # #
profit/(loss) to
net cash outflow
from operating
activities
Operating 41,788 (57,393)
profit/(loss)
Depreciation of 90,536 96,046
tangible and
intangible assets
Loss/(profit) on 346 (2,148)
disposal of fixed
assets
Government grants (1,656) (1,656)
amortised
(Increase)/decrease (225,482) 23,234
in stocks
Increase in (549,681) (53,350)
debtors
Increase/(decrease) 94,690 (15,481)
in creditors
Movement in value
of assets caused 380 (6,753)
by foreign
exchange
movements
(549,079) (17,501)
Effect
of
Foreign
Cash Exchange Other
2003 Flow Rate non-cash 2004
2. Analysis of Changes Movements
changes in net # # # # #
funds
Cash at bank and 447,112 (96,280) - - 350,832
in hand
Bank overdrafts (646,781) (425,344) (8,475) - (1,080,600)
(199,669) (521,624) (8,475) - (729,768)
Hire purchase - - - (64,260) (64,260)
agreements
Bank loans (139,645) - (662) - (140,307)
Treasury deposits 1,167,019 (102,019) - - 1,065,000
827,705 (623,643) (9,137) (64,260) 130,665
3. Reconciliation of
net cash flow to #
movement in net
funds
Decrease in cash (521,624)
Effect of foreign (9,137)
exchange rate
changes
(530,761)
Decrease in (102,019)
treasury deposits
New hire purchase (64,260)
agreements
Movement in net (697,040)
funds in the year
Net funds at 31st 827,705
December 2003
Net funds at 31st 130,665
December 2004
The results incorporated in the preliminary announcement have been prepared in
accordance with accounting policies consistent with previous years.
The financial information set out above does not constitute the company's
statutory accounts within the meaning of section 240 of the Companies Act 1985.
The 2004 figures are based on unaudited accounts for the year ended 31st
December 2004. The auditors do not expect to issue a qualified report on the
statutory accounts which will be finalized on the basis of the financial
information presented by the directors in the preliminary announcement and
which will be delivered to the Registrar of Companies following the company's
annual general meeting.
The 2003 comparatives are derived from the statutory accounts for 2003 which
have been delivered to the Registrar of Companies and received an unqualified
audit report and did not contain a statement under the Companies Act 1985, S
237(2) or (3).
The annual general meeting will be held on Friday 29th April 2005 and it is
proposed to pay the final dividend on 3rd May 2005 to shareholders registered
with the company on 18th March 2005.
The company's auditors have agreed to this statement being notified to a
regulatory information service.
D. H. Brown
Company Secretary
T.F. & J.H. Braime (Holdings) P.L.C.
4th March 2005
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR PKQKKPBKDBNK
Braime (LSE:BMT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Braime (LSE:BMT)
Historical Stock Chart
From Jul 2023 to Jul 2024
