Half-yearly Report
August 31 2011 - 8:21AM
UK Regulatory
TIDMAIM
Analyst Investment Management Plc
Registration Number 3687441
Interim Unaudited Financial Statements
for the 6 Months Ended 31st May 2011
Contents
Page
Directors' Statement 3
Profit and Loss Account 4
Balance Sheet 5
Analyst Investment Management Plc
Directors' Statement on the Unaudited Interim Results for the Six Months Ended
31st May 2011
The Company made a loss of GBP41,222 which compares to a loss of GBP33,884 in the
same period last year. Fee income increased to GBP30,580 (2010: GBP20,496) No
performance-related fees were earned during the interim 6 month period.
There has been a substantial increase in cost of sales, from GBP14,008 to GBP37,760
as a result of the investment managers, Paul Cosgrove and Vincente Sagrario who
have brought with them GBP18.1 million of assets under management. Vincente
Sagrario resigned as from 1 August 2011 to join a Russian hedge fund based in
Gibraltar. The administration costs increased marginally from GBP40,372 to
GBP42,042.
The company had assets under management of approximately GBP20.0 million on 31
May 2011.
We have held discussions with several owners of fund management businesses
without success and continue to identify further opportunities to enhance the
business
This Statement has been prepared by and is the sole responsibility of the
directors of Analyst Investment Management plc.
CHAIRMAN FINANCE DIRECTOR
Bharat Amin Surbjit Chadda
31 August 2011
Analyst Investment Management Plc
Profit and Loss Account
For the Six months ended 31 May 2011
Unaudited Unaudited Audited
Six Months Six Months 12 months
ended 31 ended 31 ended 30
May 2011 May 2010 Nov 2010
GBP GBP GBP
Turnover 30,580 20,496 43,129
Cost of sales (37,760) (14,008) (27,594)
______ ______ ______
Gross (loss)/profit (7,180) 6,488 15,535
Administrative expenses (42,042) (40,372) (101,938)
______ ______ ______
Operating loss (49,222) (33,884) (86,403)
Other interest receivable and
similar income 8,000 - 10,000
______ ______ ______
Loss on ordinary activities
before taxation (41,222) (33,884) (76,403)
Taxation - - -
______ ______ ______
Loss on ordinary activities
after taxation (41,222) (33,884) (76,403)
______ ______ ______
Loss per share (pence) (0.559) (0.459) (1.036)
______ ______ ______
The earnings per share are based on the loss after taxation of GBP41,222 (2010:
loss GBP33,884), and the weighted average number of ordinary 2.5 pence shares in
issue during the period of 7,377,777 shares, (2010: 7,377,777 shares). Ordinary
2.5 pence shares in issue at 31st May 2011 were 7,377,777.
Analyst Investment Management Plc
Balance Sheet
As At 31 May 2011
Unaudited Unaudited Audited
as at 31 as at 31 as at 30
May 2011 May 2010 Nov 2010
GBP GBP GBP
Fixed assets
Tangible assets 9,933 - 8,249
Current assets
Debtors 3,173 7,277 28,846
Cash at bank and in hand 344,533 433,603 368,258
______ ______ ______
347,706 440,880 397,104
Creditors: amounts falling
due within one year (4,000) (3,500) (10,492)
______ ______ ______
Net Current Assets 343,706 437,380 368,612
______ ______ ______
Net Assets 353,639 437,380 394,861
______ ______ ______
Capital and reserves
Called up share capital 184,444 184,444 184,444
Share premium account 1,100,642 1,100,642 1,100,642
Profit and loss account (931,447) (847,706) (890,225)
______ ______ ______
Equity Shareholders' Funds 353,639 437,380 394,861
______ ______ ______
END
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