Final Results

RNS Number : 2954J
Shellproof Limited
28 June 2011
 



 

 

 

 

 

Shellproof Limited announces results for the year ended 31 March 2011

 

Belize City, Belize, 28 June 2011 - Shellproof Limited (London-AIM: SHLP) ("Shellproof" or the "Company") reported a net profit of ₤104,000 for the year ended 31 March 2011 (2010 - ₤105,000). Basic and diluted earnings per ordinary share for the year ended 31 March 2011 amounted to 1.30 pence (2010 - 1.31 pence).

 

The Company continues its search for investment opportunities in line with its stated strategy which includes possible investment in either one or more quoted or unquoted businesses that may have been set up by entrepreneurs with good strategic plans and need financial backing and the support of the experienced Shellproof management team.

 

Further details are set out in the Company's AIM Admission document dated 25 April 2008 and on the Company's web site.

 

For further information contact:

 

Shellproof Limited                                         

Belize +501 223 5989                                    

UK +44 (0)20 7248 6700

 

Note: This and other press releases are available at the Company's web site: http://www.shellprooflimited.com. 

 

Income statement

 

 

Year ended 31 March


2011

2010



UK₤000

UK₤000





Administrative expenses


(65)

(56)





Operating loss


(65)

(56)





Financial income


169

161





Profit before taxation


104

105





Taxation


-

-





Net profit for the year


104

105





Earnings per ordinary share




Basic (pence)


1.30

1.31

 

 

 

 

 

 

Balance sheet

 

 

At 31 March


2011

2010



UK₤000

UK₤000

Assets




Current assets




Cash and cash equivalents


4,257

4,156

Other receivables


19

19



4,276

4,175

Liabilities




Current liabilities




Other payables


(14)

(17)





Net current assets


4,262

4,158





Net assets


4,262

4,158





Shareholders' equity




Called up share capital


4,000

4,000

Retained earnings


262

158





Total shareholders' equity


4,262

4,158

 

 

Statement of cash flows

 

 

Year ended 31 March


2011

2010



UK₤000

UK₤000





Cash flows from operating activities




Cash used in operations


(68)

(82)

Interest received


169

161





Net cash generated from

operating activities


101

79

 

Net increase in cash and

cash equivalents


101

79





Cash and cash equivalents at beginning of year


4,156

4,077





Cash and cash equivalents at end of year


4,257

4,156

 

 

 

 

 

 



 


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