Interim Results
September 26 2003 - 1:27PM
UK Regulatory
RNS Number:2621Q
Simons & Co Limited
26 September 2003
Simons & Co Limited
Interim Report
Six months ended 30 June 2003
CHAIRMAN'S STATEMENT
The Company's investments in the shares of publicly listed and unquoted company
shares have generated a satisfactory level of profit on ordinary activities but
before taxation.
The directors expect the results for the second half year will maintain a
satisfactory level of performance. Recent announcements by Wellington Market
Company plc (in which your company holds 7.94% of the Ordinary Share Capital) as
to two substantial projects give cause or optimism. The directors propose to add
to this holding should the opportunity arise.
An interim preference share dividend of 3.75% per share was paid on 1st July
2003
No dividend has been or will be paid in respect of the Company's ordinary
shares.
G M SIMON
Chairman
ADVANCE /Y 734.40
SUMMARISED PROFIT AND LOSS ACCOUNT
Note
6 months to 30 6 months to 30 Year ended 31
June 2003 June 2002 December 2002
Unaudited Unaudited Audited
# # #
Turnover 26,841 21,490 41,418
Total operating profit 23,812 17,629 23,202
Interest payable 73 (19) (48)
Profit on ordinary activities before taxation 23,885 17,610 23,154
Tax on profit on ordinary activities 1 - 3,031 2,771
Profit on ordinary activities after taxation 23,885 20,641 25,925
Dividends 2 (5,625) (5,625) (11,775)
Retained profit for the period 18,260 15,016 14,150
SUMMARISED CASH FLOW STATEMENT
6 months to 30 6 months to 30 Year ended
June 2003 June 2002 31 December 2002
Unaudited Unaudited Audited
# # #
Net cash (outflow)/ inflow from operating
activities (24,878) 6,605 75,439
Returns on investment and servicing of finance (5,552) (5,644) (11,298)
Taxation paid - (15) 3,579
Management of liquid resources 11,967 (2,672) (2,673)
Decrease /increase in cash (18,463) (1,726) 65,047
SUMMARISED BALANCE SHEET
At 30 June 2003
At 31 December
At 30 June 2003 At 30 June 2002 2002
Unaudited Unaudited Audited
# # #
Fixed assets
Investments 696,338 616,198 696,338
Current assets
Debtors due within one year 10,000 2,500 10,025
Investments 9,330 24,832 17,814
Cash at bank and in hand 300,624 252,314 319,087
319,954 279,646 346,926
Creditors: Amounts falling due within one year
(207,503) (417,610) (206,151)
Net current assets/(liabilities) 112,451 (137,964) 140,775
808,789 478,234 837,113
Creditors: Amounts falling due in more than one
year (299,021) - (345,605)
Total assets less current liabilities 509,768 478,234 491,508
Capital and reserves
Called up share capital 364,000 364,000 364,000
Share premium 140 - 140
Other reserves 35,000 35,000 35,000
Profit and loss account 110,628 79,234 92,368
Shareholder Funds 509,768 478,234 491,508
NOTES TO THE INTERIM REPORT
1. TAX
Year ended 31
6 months to 30 6 months to 30 December
June 2003 June 2002 2002
# # #
United Kingdom
Current - (259) 1
Adjustments in respect of prior years - (2,772) (2,772)
- (3,031) (2,771)
2. DIVIDENDS
6 months to 30 6 months to 30 Year ended 31
June 2003 June 2002 December 2002
# # #
Dividend on non-equity shares
Preference shares - interim paid (3.75p per share) 5,625 5,625 11,775
No ordinary share dividend has been paid.
3. INTERIM REPORT
This interim report was neither audited nor reviewed by the
auditors. It was approved by the Board on 26 September 2003. It has been
prepared using accounting policies that are consistent with those adopted in the
statutory accounts for the year ended 31 December 2002.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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