HANSEATIC & BALTIC PROPERTIES PLC
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2009
Chairman's statement
On behalf of the Board of Directors of Hanseatic & Baltic Properties Plc, I have the pleasure of presenting
to you the results of the company for the year ended 31 December 2009.
Overview
The accounts for the year to 31 December 2009 showed a loss of GBP9,248.
During the year the company acquired approximately 6.7% of the issued share capital of Total Holdings
Limited, a company incorporated in the Cayman Islands. The consideration was 4,342,823 Singapore Dollars
(GBP1,907,700) and satisfied by the issue of 27,618,046 new ordinary shares of the Company which equated to
an issue share price of approximately 6.9p per share.
Outlook
The company is still actively seeking investments to enhance shareholder value. We are maintaining a
tight control of the Company's resources, which we consider adequate to support current levels of
expenditure. The cash resources remain adequate for the current level of routine transactions but will be
reviewed once opportunities to return to profitability present themselves.
WNV Weller
Director
28 May 2010
The Directors of the Issuer accept responsibility for this announcement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Leo Knifton
Hanseatic & Baltic Properties PLC
Finsgate
5-7 Cranwood Street
London
EC1V 9EE
Tel: +44 (0) 20 7309 2280
Fax: +44 (0) 20 7566 0023
Nick Michaels
Alfred Henry Corporate Finance Limited
Tel: +44 (0) 20 7251 3762
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2009
2009 2008
GBP GBP
Turnover 3,250 -
Cost of sales - -
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Gross profit 3,250 -
Administrative expenses (12,498) (30,269)
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Operating loss (9,248) (30,269)
Interest received - 127
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Loss on ordinary activities before taxation (9,248) (30,142)
Tax on loss on ordinary activities - -
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- -
Loss for the year (9,248) (30,142)
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Loss per share - Basic (0.01p) (0.05)p
The profit and loss account has been prepared on the basis that all operations are continuing operations.
There are no recognised gains and losses other than those passing through the profit and loss account.
BALANCE SHEET
AS AT 31 DECEMBER 2009
2009 2008
GBP GBP GBP GBP
Fixed Asset
Investments 1,907,700 -
Current assets
Debtors - -
Cash at bank and in hand 129 311
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129 311
Creditors: amounts falling due within
one year (34,233) (25,167)
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Total assets less current liabilities (34,104) (24,856)
Creditors: amounts falling due after
more than one year (35,250) (35,250)
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1,838,346 (60,106)
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Capital and reserves
Called up share capital 65,026 64,750
Share premium 1,907,424 -
Profit and loss account (134,104) (124,856)
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Shareholders' funds - equity interests
1,838,346 (60,106)
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NOTES
1. The financial information set out above does not constitute statutory accounts for the purpose of
Section 240 of the Companies Act 1985. The financial information has been extracted from the statutory
accounts of Hanseatic & Baltic Properties Plc and is presented using the same accounting policies, which
have not yet been filed with the Registrar of companies, but on which the auditors gave an unqualified
report on 28 May 2010.
2. Earnings per share
Basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders by
the weighted average number of ordinary shares during the period. The weighted average number of equity
shares in issue was 65,809,322 (2008 - 64,750,000) and the loss after tax was GBP 9,248 (2008 - GBP
30,142).
Hanseatic & Baltic Properties plc