Contingent equity consideration 600,000 -
Retained earnings - deficit (26,332,437) (25,207,673)
------------- -------------
Equity attributable to equity holders
of the parent 5,541,235 (1,725,340)
Non-controlling interest - 898,010
------------- -------------
Total equity/(deficit) 5,541,235 (827,330)
------------- -------------
Non-current liabilities
Borrowings 12 2,498,212 2,425,025
Share of net liabilities of jointly
controlled entities 9 - 509,599
Total non-current liabilities 2,498,212 2,934,624
------------- -------------
Current liabilities
Amounts due to customers under construction
contracts - 1,110,090
Trade and other payables 2,411,471 2,595,766
Borrowings 12 1,351,519 9,661,645
Finance lease liabilities - 373
------------- -------------
3,762,990 13,367,874
Liabilities associated with assets
held for resale - 2,630,581
Total current liabilities 3,762,990 15,998,455
------------- -------------
Total equity and liabilities 11,802,437 18,105,749
============= =============
Kedco plc
Condensed Consolidated Statement of Changes in Equity
for the six months ended 31 December 2011 and the six months
ended 31 December 2012
Attributable
to equity
Contingent Share-based holders
Share Share Retained equity payment of the Non-controlling
capital premium earnings consideration reserve parent interest Total
EUR EUR EUR EUR EUR EUR EUR EUR
Balance at 1
July 2011 3,543,999 19,038,300 (22,316,689) - 492,580 758,190 799,228 1,557,418
(Loss)/Profit
for the
financial
period - - (431,972) - - (431,972) 65,276 (366,696)
Unrealised
foreign
exchange loss - - (194,261) - - (194,261) - (194,261)
Balance at 31
December 2011 3,543,999 19,038,300 (22,942,922) - 492,580 131,957 864,504 996,461
============ =========== ============= =============== ============= ============== ================= ============
Balance at 1
July 2012 4,106,808 19,375,525 (25,207,673) - - (1,725,340) 898,010 (827,330)
Issue of
ordinary shares
in Kedco
plc 951,296 4,959 - - - 956,255 - 956,255
Conversion of
debt into
equity 5,724,229 44,046 - - - 5,768,275 - 5,768,275
Issue of
ordinary shares
and contingent
equity
consideration
on acquisition
of subsidiary 1,393,867 6,133 - 600,000 - 2,000,000 - 2,000,000
Share issue
costs - (333,191) - - - (333,191) - (333,191)
(Loss)/Profit
for the
financial
period - - (919,591) - - (919,591) 32,865 (886,726)
Elimination of
profit from
jointly
controlled
entity - - (256,358) - - (256,358) - (256,358)
Disposal of
non-controlling
interest
in subsidiary - - - - - - (930,875) (930,875)
Unrealised
foreign
exchange gain - - 51,185 - - 51,185 - 51,185
Balance at 31
December 2012 12,176,200 19,097,472 (26,332,437) 600,000 - 5,541,235 - 5,541,235
============ =========== ============= =============== ============= ============== ================= ============
Kedco plc
Condensed Consolidated Statement of Cash Flows
for the six months ended 31 December 2012
Notes 6 months 6 months
ended ended
31 Dec 31 Dec
2012 2011
Cash flows from operating activities EUR EUR
Loss before taxation (886,726) (366,696)
Adjustments for:
Depreciation of property, plant and equipment 256,890 295,069
Amortisation of intangible assets - 505
Profit on disposal of property, plant
and equipment (83,537) (13,710)
Loss on disposal of subsidiary 8,866 -
Unrealised foreign exchange gain 146,260 70,788
Share of losses of jointly controlled
entities after tax 20,208 190,437
Decrease in provision for impairment
of trade receivables - (10,922)
Increase in impairment of inventories (177,571) (169,442)
Decrease in deferred income (4,293) (5,151)
Interest expense 183,820 566,924
Interest income - (241)
---------- ------------
Operating cash flows before working capital
changes (536,083) 557,561
Decrease/(increase) in:
Amounts due from customers under construction
contracts 843,212 8,027,508
Trade and other receivables (801,606) 726,346
Inventories 656,403 304,021
(Decrease)/increase in:
Amounts due to customers under construction
contracts (110,090) 528,106
Trade and other payables (426,694) (4,248,933)
(374,858) 5,894,609
Income taxes paid - -
---------- ------------
Net cash (used in)/from operating activities (374,858) 5,894,609
---------- ------------
Cash flows from investing activities
Payments for property, plant and equipment (146,701) (729,511)
Proceeds from sale of property, plant
and equipment 109,584 382,708
Payments to acquire financial assets - (6,361,966)
Net cash inflow on acquisition of subsidiaries 14 156,781 -
Net cash inflow on disposal of subsidiary 13 226,094 -
Interest received - 241
---------- ------------
Net cash from/(used in) investing activities 345,758 (6,708,528)
---------- ------------
Cash flows from financing activities
Proceeds from borrowings 292,308 2,192,761
Repayments of borrowings (182,925) (1,653,260)
Proceeds from issue of equity 902,993 -
Payments for share issue costs (178,916) -
Eqtec (LSE:EQT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Eqtec (LSE:EQT)
Historical Stock Chart
From Sep 2023 to Sep 2024
