HNL Hague Ldn

The loss and weighted average number of ordinary shares used in the calculation of basic earnings per share are as follows:

 
                                                 2014          2013 
                                                  GBP           GBP 
 
 Loss used in the calculation of total 
  basic and diluted earnings per share    (6,872,989)   (3,389,514) 
 
 
 
                                                         2014          2013 
                                                       Number        Number 
 Number of shares 
 Weighted average number of ordinary shares 
  for the purposes of basic and diluted 
  earnings per share                              724,343,472   724,343,472 
 
 

If the Company's share options were taken into consideration in respect of the Company's weighted average number of ordinary shares for the purposes of diluted earnings per share, it would be as follows:

 
 Number of shares 
 Potential dilutive effect of share options 
  and warrants                                  35,500,000      37,949,315 
 
 Weighted average number of ordinary shares 
  for the purposes of diluted earnings 
  per share                                    759,843,472     762,292,787 
 
   3.     Cash Flow from Operating Activities 
 
                                                      2014          2013 
                                                       GBP           GBP 
 
 Loss for the financial year                   (6,872,989)   (3,389,514) 
 Finance income                                    (6,314)     (114,654) 
 Share-based payment                               233,954       360,241 
 Loss from joint venture                         5,023,059     1,626,446 
 Depreciation                                          729           732 
 Impairment of intangible assets                   591,263       514,622 
 Impact of foreign exchange movements              159,241      (63,680) 
                                                 (871,057)   (1,065,807) 
 
 
 Changes in working capital 
 (Increase)/decrease in trade and other 
  receivables                                     (16,334)       230,892 
 Increase in trade and other payables               28,792         6,597 
 
 
 Net cash outflow from operating activities      (858,599)     (828,318) 
 
 
   4.     Publication of Non-Statutory Accounts 

The financial information set out in this announcement does not comprise the Group's statutory accounts for the years ended 30 June 2014 or 30 June 2013.

The financial information has been extracted from the statutory accounts of the Company for the years ended 30 June 2014 and 30 June 2013. The auditors' opinion on those accounts was unmodified and did not contain a statement under section 498 (2) or section 498 (3) Companies Act 2006 and did not include references to any matters to which the auditor drew attention by the way of emphasis.

The statutory accounts for the year ended 30 June 2013 have been delivered to the Registrar of Companies, whereas those for the year ended 30 June 2014 will be delivered to the Registrar of Companies following the Company's Annual General Meeting.

   5.     Annual Report and Annual General Meeting 

The Annual Report will be made available from the Company's website www.wessexexploration.com and will be posted to shareholders in due course. The Annual General Meeting of the Company will be held at 11 a.m. on 19 December 2014 at the offices of Ashfords LLP, Tower Wharf, Cheese Lane, Bristol BS2 0JJ.

This information is provided by RNS

The company news service from the London Stock Exchange

END

FR UKOURSRAAAUA

Hague Ldn (LSE:HNL)
Historical Stock Chart
From Mar 2024 to Apr 2024

Hague Ldn (LSE:HNL)
Historical Stock Chart
From Apr 2023 to Apr 2024