disposal group
classified as
held-for-sale 3 3,505 3,915 3,505
Total assets 16,851 11,204 11,693
Current liabilities
Trade and other payables (2,168) (1,087) (1,590)
Bank overdrafts and loan 9 (4,331) (4,302) (4,321)
(6,499) (5,389) (5,911)
Net current
assets/(liabilities) 8,785 (709) 844
Long term liabilities
Bank Overdraft and loan 9 (4,312) - -
Total liabilities (10,811) (5,389) (5,911)
Net assets 6,040 5,815 5,782
Equity
Share capital 2,205 2,205 2,205
Share premium account 2,106 2,106 2,106
Treasury shares - (602) -
Capital redemption reserve 61 61 61
Share option reserve 22 22 22
Retained earnings 1,646 2,023 1,388
Total equity attributable
to the owners of the
parent 6,040 5,815 5,782
Consolidated statement of changes in equity
For the six months ended 28 February 2015
Called Share Capital Share
up premium Treasury redemption option Retained Total
share account shares reserve reserve earnings equity
capital
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
Balance at 1
September 2013 2,205 2,106 (602) 61 22 2,198 5,990
Loss and total
comprehensive
income for the
financial period - - - - - (175) (175)
Balance at 28
February 2014 2,205 2,106 (602) 61 22 2,023 5,815
Transactions
with owners-
Sales of Treasury
shares - - 602 - - (290) 312
Loss for the
financial period
and total comprehensive
income - - - - - (345) (345)
Balance at 31
August 2014 2,205 2,106 - 61 22 1,388 5,782
Profit for the
financial period - - - - - 257 257
Balance at 28
February 2015 2,205 2,106 - 61 22 1,646 6,040
Consolidated statement of cash flows
For the six months ended 28 February 2015
6 months ended 6 months ended Year ended
28 Feb. 2015 28 Feb. 2014 31 Aug. 2014
Note (Unaudited) (Unaudited) (Audited)
GBP'000 GBP'000 GBP'000
Operating activities
Net cash (used)/ generated by operations 6 (6,310) 134 (1,798)
Interest paid - (28) (30)
Net cash outflow from operating activities (6,310) 106 (1,828)
Investing activities
Interest received - -
Purchases of property, plant and equipment (14) (279) (16)
Repayments of investment accounted for using the equity
method 3,380 - 1,591
Net cash (used in) generated by investing activities 3,366 (279) 1,575
Financing activities
New loans 4,322 10 30
Proceeds on sale of Treasury Shares - - 311
Net cash generated by financing activities 4,322 10 341
Net increase / (decrease) in cash and cash equivalents 1,379 (162) 88
Cash and cash equivalents at the beginning of the period 328 240 240
Cash and cash equivalents at end of the period 1,707 78 328
Notes to the Interim Information
For the six months ended 28 February 2015
1. Basis of preparation
The financial information set out in this interim report does
not constitute statutory accounts as defined in Section 434 of the
Companies Act 2006. The group's statutory financial statements for
the year ended 31 August 2014, prepared under IFRS, have been filed
with the Registrar of Companies. The auditor's report on those
financial statements was unqualified and did not contain a
statement under Section 498 (2) or (3) of the Companies Act
2006.
The interim financial information has been prepared in
accordance with the recognition and measurement principles of
International Financial Reporting Standards (IFRS) and on the same
basis and using the same accounting policies as used in the
financial statements for the year ended 31 August 2014. The interim
financial statements have not been audited or reviewed in
accordance with the International Standard on Review Engagement
2410 issued by the Auditing Practices Board.
2. Segment information
Discontinued operations in the period primarily relate to the
winding down of FG Bradford Limited and FG Bristol Limited
6 months 6 months Year
ended ended ended
28 Feb. 28 Feb. 31 Aug.
2015 2014 2014
(Unaudited) (Unaudited) (Audited)
Profit
Revenue Profit Revenue Profit Revenue from
From continuing from continuing Continuing
Operations operations Operations
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
By class of business:
Project Management 10,780 1,044 3,228 241 7,941
10,780 3,228 241 7,941 792
Unallocated corporate
expenses (778) (386) (861)
Operating profit/(loss)loss
from continuing
operations 266 (145) (69)
---------------- ---------------- -----------
-- No income have been incurred in respect of the Property development division.
3. Discontinued operations
The results of the discontinued operations which have been
included in the consolidated income statement, were as follows:
6 months ended 6 months ended Year ended
28 Feb. 2015 28 Feb. 2014 31 Aug. 2014
(Unaudited) (Unaudited) (Audited)
GBP'000 GBP'000 GBP'000
Loss discontinued operations (9) (2) (421)
Attributable tax expense - -
Loss from discontinued operations (9) (2) (421)
Notes to the Interim Information
For the six months ended 28 February 2015
3. Discontinued operations (continued)
The investment properties are secured by Dunbar Assets Plc under
non-recourse financing.
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