Kayser Bondor Ld
21 March 2003
KAYSER BONDOR LIMITED
Company number 229735
Interim Report
Explanatory Statement
The directors present their interim report for the six months ended 31 December
2002.
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 (2001: £nil).
The contents of this report have been reviewed and approved by the Board of
Directors.
By order of the Board
Signed
HJ Rubenstein
Secretary
21 March 2003
Profit and Loss Account
Profit and Loss Account
For the 6 months ended 31 December 2002 Notes 2002 2001
£'000 £'000
Interest receivable from group undertakings 127 127
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Profit before taxation 127 127
Taxation - -
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Profit after taxation 127 127
Preference dividend paid - non-equity 2 (23) (23)
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Profit attributable to ordinary shareholders 104 104
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Basic and diluted earnings per share 3 0.43 p 0.43 p
Continuing operations
The company did not trade during the period
Statement of total recognized gains and losses
There are no movements in total recognized gains and losses or shareholders'
funds other than those reported in the profit and loss account above.
Balance Sheet
Balance Sheet
As at 31 December 2002 2002 2001
£'000 £'000
Current assets
Debtors 10,767 10,558
Creditors: amounts falling due within one year (115) (115)
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Net current assets 10,652 10,443
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Capital and reserves
Called up share capital 6,756 6,756
Profit and loss account 3,896 3,687
Shareholders' funds
Equity 9,902 9,693
Non-equity 750 750
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10,652 10,443
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Cash Flow Statement
Cash Flow Statement
For the 6 months ended 31 December 2002 2002 2001
£'000 £'000
Net cash outflow from operating activities:
Operating profit - -
Increase in debtors (104) (104)
---------------- ----------------
(104) (104)
Returns on investments and servicing of finance:
Interest received 127 127
Non-equity dividends paid (23) (23)
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104 104
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Movement in cash - -
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The above balances are settled through a parent company bank account which is
part of the Sara Lee UK Holdings PLC group banking scheme. In the Company
accounts the transactions are accounted for via movements in inter-company
balances.
Notes to the Accounts
As at 31 December 2002
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 30 June 2002.
2. Dividends
No dividends were paid or proposed on the ordinary share capital. The rate of
preference dividend is 6% (2001: 6%).
3. Earnings per share
The calculation of basic and diluted earnings per share is based on the profit
attributable to ordinary shareholders of £104,000 (2001: £104,000) and on
24,023,440 (2001: 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 interim figures for both periods 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 reports are available for issue to the public
on application to the Company Secretary at the registered office:
225 Bath Road
Slough
Berkshire
SL1 4AU
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