Cash from acquisition of subsidiary - 107,832 107,832
Interest income received - - -
Deposit recovered - - -
------------ ------------ ------------
Net cash inflow from investing
activities - 107,832 107,832
------------ ------------ ------------
(Decrease) in cash before financing (93,433) (181,889) (471,835)
------------ ------------ ------------
Cash flow from financing activities
Shares issued - 213,750 223,750
Loan payments received - 78 87,739
Redemption of shares - - -
------------ ------------ ------------
Net cash inflow from financing
activities - 213,828 311,489
------------ ------------ ------------
Net (decrease) / increase in
cash and cash equivalents (93,433) 31,939 (160,346)
Cash and cash equivalents at
the start of the period 149,750 271,964 310,096
Cash and cash equivalents at
the end of the period 56,317 303,903 149,750
------------ ------------ ------------
Statement of changes in equity
Issue Non-
Stated Capital costs Revenue controlling Total
capital reserves reserve reserve Total interest equity
GBP GBP GBP GBP GBP GBP GBP
For the six months
ended 31 May 2013
(unaudited)
At 1 December 2012 5,326,952 (706,395) (679,868) (3,472,612) 468,077 - 468,077
Loss for the period - - - (109,578) (109,578) (1,220) (110,798)
Transfer to
non-controlling
interest - - - 16,886 16,886 (16,886) -
---------- ---------- ---------- ------------ ------------ ------------ ------------
At 31 May 2013 5,326,952 (706,395) (679,868) (3,565,304) 375,385 (18,106) 357,279
---------- ---------- ---------- ------------ ------------ ------------ ------------
For the six months
ended 31 May 2012
(unaudited)
At 1 December 2011 3,208,910 (706,395) (679,868) (1,594,387) 228,260 - 228,260
Loss for the period - - - (309,617) (309,617) - (309,617)
Issue of consolidation
shares 1,700,000 - - - 1,700,000 - 1,700,000
Issue of participation
shares 208,750 - - - 208,750 - 208,750
At 31 May 2012 5,117,660 (706,395) (679,868) (1,904,004) 1,827,393 - 1,827,393
---------- ---------- ---------- ------------ ------------ ------------ ------------
For the fourteen
months ended 30
November 2012 (audited)
At 1 October 2011 3,208,910 (706,395) (679,868) (1,556,255) 266,392 - 266,392
Loss for the period - - - (1,916,357) (1,916,357) - (1,916,357)
Issue of fee shares 209,292 - - - 209,292 - 209,292
Issue of consolidation
shares 1,700,000 - - - 1,700,000 - 1,700,000
Issue of participation
shares 208,750 - - - 208,750 - 208,750
At 30 November
2012 5,326,952 (706,395) (679,868) (3,472,612) 468,077 - 468,077
---------- ---------- ---------- ------------ ------------ ------------ ------------
Notes to the financial statements
1. Accounting Policies
(a) Basis of preparation
The consolidated interim financial statements have been prepared
under the historical cost convention, as modified to include the
revaluation of quoted investments and investment properties and in
accordance with applicable Accounting Standards as adopted by the
European Union. Applicable Accounting Standards for these purposes
are International Financial Reporting Standards ("IFRS"), as
adopted by the European Union.
The interim financial information has been prepared in
accordance with IAS 34 "Interim financial reporting" as adopted by
the European Union.
The accounting policies and methods of computation used in the
condensed consolidated financial information for the six months
ended 31 May 2013 are the same as those followed in the preparation
of the Group's annual financial statements for the fourteen months
ended 30 November 2012 and are those the Group expect to apply into
financial statements for the year ending 30 November 2013.
The seasonality or cyclicality of operations does not impact on
the interim financial information.
(b) Basis of consolidation
The accompanying financial statements and related notes present
the consolidated financial position as of 31 May 2013 and the
consolidated results of the operations, cash flows and changes in
equity, for the period ended 31 May 2013. All significant
intercompany transactions have been eliminated.
2. (Loss) per share
Basic earnings per share amounts are calculated by dividing the
net loss for the period attributable to ordinary equity holders of
the Company by the weighted average number of participating
ordinary shares outstanding during the year.
Diluted earnings per share are not applicable to the Company,
since there is only one participating class of share issued by the
Company.
The following reflects the income and share data used in the
basic earnings per share computation:
31 May 31 May 30 November
2013 2012 2012
Loss attributable to (GBP109,578) (GBP309,617) (GBP1,916,357)
ordinary shareholders
Weighted average number
of shares in issue 28,442,487 22,735,657 26,366,056
Basic (loss) per share (0.39p) (1.4p) (7.3p)
3. Operating segment
The Company is currently in the early stages of developing its
technology and hence only has one operating segment.
4. Income
Six months Six months Fourteen months
ended ended ended
31 May 31 May 30 November
2013 2012 2012
GBP GBP GBP
Sales income 14,383 1,624 33,318
Rental income 5,667 - -
Other income - - 478
----------- ----------- ----------------
20,050 1,624 33,796
----------- ----------- ----------------
5. Stated capital
The Company is a no par value ('NPV') company
31 May 31 May 30 November
2013 2012 2012
Authorised: Number Number Number
Founder shares 10 10 10
99,999,990 Participating
shares 99,999,990 99,999,990 99,999,990
100,000,000 100,000,000 100,000,000
------------ ------------ ------------
Issued and fully paid: Number Number Number
Founder shares 2 2 2
Participating shares 31,574,356 31,574,356 31,574,356
------------ ------------ ------------
All costs associated with the issue of shares have been taken to
the issue costs reserve.
6. Copies of the interim results
Copies of the half-yearly results will be available from the
Company's registered office PO Box 264, JP Morgan House, Grenville
Street, St. Helier, Jersey JE4 8QT, and will be available from the
Company's website www.onedeltaplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR UKVSROKAWUAR
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