Final Results - Year Ended 31 December 1999

Braime (T.F.& J.H.) (Hldgs) PLC
28 February 2000

At a meeting of the directors held here today, the accounts for the year
ended 31st December 1999 were submitted and approved by the directors.
The preliminary profits statement is as follows:-

                                     Consolidated profit and loss account for
                                         the year ended 31st December 1999

                                              1999                     1998
                                                £                        £    
                              
Group turnover                             7,959,004               9,888,989

Trading profit                                26,437                 642,209
 
Interest receivable                          108,636                 156,325
                                                               
                                             135,073                 798,534

Interest payable                              51,578                  60,837  
                                                    
Profit before taxation                        83,495                 737,697  
                                                                   
Taxation relating to the
current year                                  85,134                 251,822
                                                               
(Loss)/profit attributable                                          
to shareholders                               (1,639)                485,875
                                    
The directors recommend
the following
appropriations:-                                                  
                                                                         
Preference shares

Dividend already paid
at 5.00p per share  
(1998 5.00p)                      9,000                      9,000

Ordinary shares

Interim dividend already
paid of 3.00p per share
(1998 3.40p)                     14,400                     16,320

Proposed final dividend
of 7.60p per share
(1998 8.20p)                     36,480                     39,360

'A' Ordinary shares

Interim dividend already
paid of 3.00p per share
(1998 3.40p)                     28,800                     32,640

Proposed final dividend
of 7.60p per share
(1998 8.20p)                     72,960                     78,720

                                             161,640                 176,040 

Retained (loss)/profit                      (163,279)                309,835
for the year
   
Earnings per Ordinary share                   (0.74p)                 33.12p




CONSOLIDATED BALANCE SHEET AS AT 31ST DECEMBER 1999

                                                  1999                  1998

                                                     £                     £
 
Fixed      Intangible assets                    15,098                19,182
Assets     Tangible assets                     683,022               690,041

                                               698,120               709,223

                                                            
Current    Stocks             1,756,612                  1,521,582           
Assets     Debtors            1,729,802                  1,799,773
           Cash at bank       2,062,619                  2,338,239            
          and in hand
                              5,549,033                  5,659,594            
                                                                
Creditors  Amounts falling 
           due within one
           year               1,965,229                  1,936,566

Net Current Assets                           3,583,804             3,723,028

Total Assets Less
Current Liabilities                          4,281,924             4,432,251  
                          
Deferred Income                                 33,062                34,718  
                                 
Net Assets                                   4,248,862             4,397,533

Capital    Called up share
and        capital                             540,000               540,000
Reserves   Reserves                          3,708,862             3,857,533  
                                                 
  
Shareholders' Funds                          4,248,862             4,397,533

           Comprising:
           Non-equity shareholders'
           funds                               180,000               180,000
           Equity shareholders'
           funds                             4,068,862             4,217,533  
                                 


CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 1999

                                                  1999                  1998
                                                     £                     £

Net cash (outflow)/inflow
from operating activities                     (146,242)              923,359

Returns on investments and
servicing of finance                                                          
                                                                           
Interest received               108,636                    156,325    
Interest paid                   (51,578)                   (60,837)
Non-equity dividends paid       ( 9,000)                   ( 9,000)         
                                                               
                                                48,058                86,488

Taxation

UK Corporation tax paid        (104,816)                  (108,305)         
Overseas tax paid              (154,193)                  (107,671)

                                              (259,009)             (215,976)

Capital expenditure                                                           
   
Purchase of tangible                                                     
fixed assets                   (129,043)                  (221,686)

Disposal of tangible
fixed assets                     19,450                     26,075

                                              (109,593)             (195,611)

                                              (466,786)              598,260

Equity dividends paid                         (161,280)             (161,280)

Management of liquid resources

Decrease/(Increase) in
treasury deposits                              288,589              (322,504)

(Decrease)/Increase in cash                   (339,477)              114,476  
                                                     
                                                       
The annual general meeting will be held on Thursday 20th April 2000 and it is
proposed to pay the final dividend on 25th April 2000 to shareholders
registered with the company on 10th March 2000.

This statement has been agreed with the company's auditors.