Final Results
October 13 2000 - 11:06AM
UK Regulatory
RNS Number:5023S
G.R. Holdings PLC
13 October 2000
G.R. (HOLDINGS) PLC
PRELIMINARY ANNOUNCEMENT OF FINAL RESULTS
FOR THE YEAR ENDED 30 JUNE 2000
CHAIRMAN'S STATEMENT
The pre-tax profit of the group on ordinary activities
for the year ended 30 June 2000 was #37,153 (#388,147 -
1999). After taxation the loss attributable to members
of the company is #6,405 against a profit of #158,859 for
the previous year. The turnover was down from
#5,225,206 to #4,749,464. An interim dividend of 0.4p was
paid on 7 April 2000. The directors do not recommend a
final dividend on the ordinary share capital of the
company.
The occupancy at Grayshott Hall fell by approximately
10%, giving rise to a fall in profits of approximately
50%.
The turnover at Morlands was down by 10%, but costs were
controlled resulting in approximately the same loss as
last year.
The land at Glastonbury is still subject to a series of
negotiations to establish satisfactory planning consents.
There were two further partial sales of land in which we
hold limited partnership interests in America as
investments, resulting in a profit of #66,633.
Stock has decreased by #85,940. Debtors have increased
by #83, 543 whilst creditors have decreased by #181,951.
Net cash at bank and in hand has decreased by #238,820.
Since the end of the financial year, the trading position
of the company has slightly deteriorated further.
Finally, I would like to thank my co-directors and all
the staff for their support and involvement during the
year.
A.D. Stalbow
Chairman
13 October 2000
G.R. (Holdings) plc
Consolidated Profit and Loss Account
for the year ended 30 June 2000
2000 1999
# # #
Turnover 4,749,464 5,225,206
Operating (loss) / (57,337) 278,118
profit
Income from listed fixed 14,463 17,867
asset investments
Interest receivable and 100,883
similar income 87,765
Interest payable and (7,738) (8,721)
similar charges
94,490 110,029
Profit on ordinary 37,153 388,147
activities before
taxation
Tax on profit on (43,558) (229,288)
ordinary activities
(Loss) / profit on (6,405) 158,859
ordinary activities
after taxation
Dividends (215,433) (347,114)
Loss for the financial (221,838) (188,255)
year
Earnings per share (12.8)p (0.03)p
G.R. (Holdings) plc
Consolidated Balance Sheet
as at 30 June 2000
2000 1999
# # #
Fixed assets
Intangible assets 1 1
Tangible assets 1,829,605 1,974,793
Investments 3,524,210 3,540,036
5,353,816 5,514,830
Current assets
Stocks 432,598 518,538
Debtors 598,621 515,578
Cash at bank and in 283,540 374,933
hand
1,314,759 1,409,049
Creditors : amounts
falling due
within one year 752,254 777,139
Net current assets 562,505 631,910
Total assets less 5,916,521 6,146,740
current liabilities
Creditors : amounts
falling due after
more than one year 21,961 32,101
5,894,560 6,114,639
Capital and reserves
Called up share 2,208,513 2,208,513
capital
Capital redemption 425,000 425,000
reserve
Share premium account 198,396 198,396
Profit and loss 3,062,651 3,282,730
account
Shareholders funds 5,894,560 6,114,639
G.R (Holdings) plc
Notes:
1. The summary of results for the year ended 30 June
2000 does not constitute full financial statements within
the meaning of Section 240 of the Companies Act 1985.
2. The calculation of earnings per share is based on a
loss of #6,405 (1999: #158,859 -profit) being the loss
after taxation and after deducting preference dividends,
and on 13,168,100 ordinary shares of 5p each (1999:
13,168,100).
3. The Annual General Meeting will be held at 11.30am
on 8 December 2000 at the offices of Beeson Gregory, The
Registry, Royal Mint Court, London EC3N 4EY.
4. Copies of the 2000 Report and Accounts are being
sent to shareholders in due course. Further copies are
available from the Company's registered office at 1-6
Sloane Square, London SW1W 8EE.
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