Kayser Bondor Ld
8 December 2000
At Board Meetings held 8 December 2000 for each of the following companies;
Courtaulds Clothing Brands Limited
Kayser Bondor Limited
Wilkinson & Riddell (Holdings) Limited
the unaudited half year financial figures for the period ending 30 June 2000
were approved.
Please note that there have recently been a number of changes to the senior
officers of these companies. The details are as follows;
Carolyn Cattermole, Director and Secretary resigned 26 October 2000
Howard Rubenstein appointed Director and Secretary appointed 26 October 2000
Richard Thompson, Director resigned 30 October 2000
Hugh Brian Duffy appointed a Director 30 October 2000
Julia Wilson appointed a Director 1 December 2000
From Ann Chittock
Assistant Company Secretary
Tel 020 7434 1219
KAYSER BONDOR LIMITED
Interim Report
Explanatory Statement
The directors present their interim report for the six months ended 30 June
2000.
Review of the business
The results for the period are shown in the profit and loss account. The company
did not trade during the period and results are consistent with the
corresponding prior year period. This trend is anticipated to continue for the
remainder of the year, subject to any unforeseen circumstances.
Dividends
The directors do not recommend the payment of an ordinary dividend (1999: £nil).
The contents of this report have been reviewed and approve by the Board of
Directors.
H Rubenstein
Secretary
8 December 2000
Interim Report
Profit and Loss Account
For the 6 months ended 30 June 2000 Notes Half year ended 30 June
2000 1999
£'000 £'000
Interest receivable from group undertakings 127 127
Profit before taxation 127 127
Taxation - 39
Profit after taxation 127 88
Preference dividend paid - non-equity 2 (22) (22)
Profit attributable to ordinary shareholders 105 66
Basic and diluted earnings per share 3 0.44p 0.27p
Continuing operations
The company did not trade during the period.
Statement of total recognised gains and losses
There are no movements in total recognised gains or losses or shareholders'
funds other than those reported in the profit and loss account above.
Balance Sheet
As at 30 June 2000
Half Year ended 30 June
2000 1999
£'000 £'000
Current assets
Debtors 10,246 10,072
Creditors: amounts falling due within one year (115) (189)
Net current assets 10,131 9,883
Capital and reserves
Called up share capital 6,756 6,756
Profit and loss account 3,375 3,127
Shareholders' funds:
Equity 9,381 9,133
Non-equity 750 750
10,131 9,883
Cash flow statement
For the 6 months ended 30 June 2000
Half Year ended 30 June
2000 1999
£'000 £'000
Net cash outflow from operating activities:
Operating profit - -
Increase in debtors (105) (105)
(105) (105)
Returns on investments and servicing of finance:
Interest received 127 127
Non-equity dividends paid (22) (22)
105 105
Movement in cash - -
Notes to the Accounts
As at 30 June 2000
1. Basis of preparation
The unaudited results have been prepared in accordance with the accounting
policies set out in the Annual Report for the year ended 31 December 1999.
2. Dividends
No dividends were paid or proposed on the ordinary share capital. The rate
of preference dividend is 6% (1999: 6%).
3. Earnings per share
The calculation of basic and diluted earnings per share is based on the
profit attributable to ordinary shareholders of £105,000 (1999: £66,000) and
on 24,023,440 (1999: 24,023,440) shares, being the weighted average number
of shares in issue during the period. There is no dilution of earnings per
share.
4. Audit and review
The half year figures are neither audited nor reviewed.
5. Publication
The interim report will be posted to stock holders and will not be published
in newspapers. Copies of the interim report are available for issue to the
public on application to the Company Secretary at the registered office:
13/14 Margaret Street
London
W1A 3DA.