Half Yearly Report

RNS Number : 7406B

On-Line PLC

24 February 2011

On-line PLC

('On-line' or 'the Company')

Unaudited Interim Results for the Six Months Ended 31 December 2010

On-line today announces unaudited interim results for the six months ended 31 December 2010.

Chairman's Statement

On-line has continued to work with its investments and has made a small operating profit of £4,000 (2009: £5,000) for the six months up to December 2010.

ADVFN PLC

ADVFN has continued to build its services across the world. It has moved forward on all fronts as you can see from its figures below:

Highlights:

Turnover up 13.5% to £4,597,000 (2009: £4,049,000)

Cash and gilts in hand of £2.283M up 29.5% (2009: £1.763M)

Loss for the Period - down 80% to £67,000 (2009: £330,000)

Operating Loss - down 53% to £75,000 (2009: £160,000)

ADVFN user numbers - up 17% to 2.1M (2009: 1.8M)

Michael Hodges

Chairman

23/02/2011

Contacts:

Michael Hodges	mikeh@advfn.com
Francesca De Franco, PR	francescad@advfn.com	020 7070 0932
Fiona Kindness, Grant Thornton UK LLP (Nominated Adviser)		020 7728 3414

On-line PLC

Profit and Loss Accounts

for the six months ended 31 December 2010

	Six months ended	Six months ended	Year ended
	31 December 2010	31 December 2009	30 June 2010
	Unaudited	Unaudited	Audited
	£'000	£'000	£'000

Turnover	82	52	120

Administrative expenses	(78)	(47)	(107)

Operating profit	4	5	13

Amount written off on investments	-	-	(3)

Profit on ordinary activities before taxation	4	5	10

Tax on profit on ordinary activities	-	-	-

Profit on ordinary activities after taxation	4	5	10



Basic profit per ordinary share	0.05p	0.07p	0.13p
Diluted profit per ordinary share	0.05p	0.07p	0.12p

There were no recognised gains or losses other than the profit for the period.

On-line PLC

Balance Sheet

at 31 December 2010

	31 December 2010	31 December 2009	30 June 2010
	Unaudited	Unaudited	Audited
	£'000	£'000	£'000

Fixed assets
Investments	868	871	868

Current assets
Debtors	70	69	78
Cash at bank and in hand	12	-	5
	82	69	83

Creditors: amounts falling due within
one year	(56)	(55)	(61)

Net current assets	26	14	22

Total assets less current liabilities	894	885	890




Capital and reserves
Called up share capital	3,242	3,242	3,242
Share premium account	2,205	2,205	2,205
Option valuation reserve	17	17	17
Profit and loss account	(4,570)	(4,579)	(4,574)

Shareholders' funds	894	885	890

On-line PLC

Cash Flow Statements

for the six months ended 31 December 2010

	Six months ended	Six months ended	Year ended
	31 December 2010	31 December 2009	30 June 2010
	Unaudited	Unaudited	Audited
	£'000	£'000	£'000

Net cash inflow/(outflow) from operating activities	7	(3)	2

Increase/(decrease) in cash	7	(3)	2

On-line PLC

Notes to the interim statement
for the six months ended 31 December 2010

1. The unaudited interim financial information is for the six month period ended 31 December 2010. The financial information does not include all the information required for full annual financial statements and should be read in conjunction with the financial statements of the company for the year ended 30 June 2010, which were prepared under the historical cost convention as modified by the revaluation of current asset investments and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The accounting policies adopted in this report are consistent with those of the annual financial statements for the year to 30 June 2010 as described in those financial statements.

The interim financial information has been prepared on the going concern basis which assumes the company will continue in existence for the foreseeable future. No material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. Accordingly, the directors, believe it is appropriate for the interim financial statement to be prepared on the going concern basis.

The interim financial information has not been audited nor has it been reviewed under ISRE 2410 of the Auditing Practices Board. The financial information presented does not constitute statutory accounts as defined by section 434 of the Companies Act 2006. The company statutory accounts for the year to 30 June 2010 have been filed with the Registrar of Companies. The auditors, Grant Thornton UK LLP reported on these accounts and their report was unqualified and did not contain a statement under section 498(2) or Section 498(3) of the Companies Act 2006.

2. Earnings per ordinary share

		Six months ended	Six months ended	Year ended
		31 December 2010	31 December 2009	30 June 2010
		£'000	£'000	£'000

Profit for the period	£'000	4	5	10

Weighted average number of shares	'000	7,662	7,662	7,662

Basic earnings per share	p	0.05p	0.07p	0.13p

Profit for the period	£'000	4	5	10

Weighted average number of shares	'000	7,662	7,662	7,662
Dilutive effect of options	'000	603	-	550
Weighted average number of shares of diluted earnings per share		8,265	7,662	8,212

Diluted earnings per share	p	0.05p	0.07p	0.12p

On-line PLC

Notes to the interim statement
for the six months ended 31 December 2010

3. Reserves

	Profit and loss account	Option valuation reserve	Share premium account
	£'000	£'000	£'000

At 1 July 2010	(4,574)	17	2,205
Profit retained for the period	4	-	-

At 31 December 2010	(4,570)	17	2,205

4. Reconciliation of operating profit to net cash outflow from operating activities

	Six months ended	Six months ended	Year ended
	31 December 2010	31 December 2009	30 June 2010
	£'000	£'000	£'000

Operating profit	4	5	13
Decrease/(increase) in debtors	8	(7)	(16)
(Decrease)/increase in creditors	(5)	(1)	5

Net cash inflow/(outflow) from operating activities	7	(3)	2