African Medical Investments PLC Final Results -2-
August 31 2012 - 2:01AM
UK Regulatory
The Group results for the year ended 29 February 2012 show a
loss before taxation on continuing operations of US$15,021,000
(2011: US$18,843,000) and a loss on discontinued operations of US$
nil (2011: US$2,000). The directors do not recommend a dividend
(2011: US$ nil).
For further information please visit www.amiplc.com or
contact:
Peter Botha African Medical Investments Tel: +27 833 269 564
Plc
Jonathan Wright Seymour Pierce Ltd Tel: +44 (0) 20 7107
8000
David Foreman Seymour Pierce Ltd Tel: +44 (0) 20 7107
8000
David Hart Daniel Stewart & Company Tel: +44 (0) 20 7776
Plc 6550
Martin Lampshire Daniel Stewart & Company Tel: +44 (0) 20 7776
Plc 6550
Susie Geliher St Brides Media & Finance Tel: +44 (0) 20 7236
Ltd 1177
CONSOLIDATED INCOME STATEMENT
For the year ended 29 February 2012
2012 2011
Note $'000 $'000
--------- ---------------- ------------------
Revenue 12,091 5,433
Cost of sales 8 (11,204) (8,862)
---------------- ------------------
Gross profit / (loss) 887 (3,429)
Operating expenses 9 (9,698) (9,003)
Loss on sale of property, plant (196) -
and equipment
Loss from financial irregularities 5 (474) (2,775)
Impairment of trade and other
receivables - (427)
Impairment of current loans receivable 6 131 (2,481)
Impairment of property, plant
and equipment 6 (5,358) (587)
Operating loss 10 (14,708) (18,702)
Other gains and losses 12 228 (95)
Net finance costs 13 (541) (46)
Loss before taxation (15,021) (18,843)
Income tax expense 14 - -
Loss for the year from continuing
operations (15,021) (18,843)
================ ==================
Discontinued operations
Loss for the year from discontinued
operations 16 - (2)
Loss of power to control entities 15 - 11
Loss for the year (15,021) (18,834)
---------------- ------------------
Loss for the year attributable
to owners
of the parent company (15,021) (18,834)
Loss for the year attributable - -
to non-controlling interests
---------------- ------------------
Loss for the year (15,021) (18,834)
---------------- ------------------
Loss per share
- Basic and diluted 17 (5.3 cents) (8.3 cents)
Loss per share from continuing
operations
- Basic and diluted 17 (5.3 cents) (8.3 cents)
Loss per share from discontinued
operations
- Basic and diluted 17 (0 cents) (0.004 cents)
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the period ended 29 February 2012
2012 2011
$'000 $'000
-------------- --------------
Loss for the year (15,021) (18,834)
Disposal of subsidiaries - (7)
Foreign exchange translation differences 207 260
Other comprehensive income for the year 207 260
Total comprehensive income for the year (14,814) (18,581)
============== ==============
Total comprehensive income attributable
to the owners of the parent company:
* continuing operations
(14,814) (18,581)
* discontinued operations - -
Total comprehensive income attributable
to non-controlling interests:
* continuing operations - -
- -
* discontinued operations
-------------- --------------
Total comprehensive income for the year (14,814) (18,581)
============== ==============
CONSOLIDATED BALANCE SHEET
As at 29 February 2012
2012 2011
Note $'000 $'000
--------- ------------- -------------------------
ASSETS
Non-current assets
Property, plant and equipment 19 15,263 21,341
Total non-current assets 15,263 21,341
------------- -------------------------
Current assets
Inventories 20 642 296
Trade and other receivables 23 1,302 1,170
Cash and cash equivalents 21 195 4,681
-------------
Total current assets 2,139 6,147
------------- -------------------------
TOTAL ASSETS 17,402 27,488
------------- -------------------------
LIABILITIES
Current liabilities
Trade and other payables 24 (5,041) (3,992)
Bank and overdraft 24 (283) -
------------- -------------------------
Total current liabilities (5,324) (3,992)
------------- -------------------------
Non-current liabilities
Interest bearing loans 24 (5,271) (4,050)
------------- -------------------------
TOTAL LIABILITIES (10,595) (8,042)
------------- -------------------------
NET ASSETS 6,807 19,446
============= =========================
EQUITY
Issued capital 27 57,267 55,267
Other reserve 24 1,004 987
Share based payment reserve 29 217 59
Warrant reserve 29 647 647
Translation reserve 656 449
Retained earnings (52,984) (37,963)
------------- -------------------------
Total equity attributable to the
owners of the parent company 6,807 19,446
Non-controlling Interests - -
TOTAL EQUITY 6,807 19,446
============= =========================
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