Kayser Bondor Ld
29 October 2004
Kayser Bondor Limited
Preliminary Announcement
30 June 2004
Registration number 229735
KAYSER BONDOR LIMITED
Preliminary Announcement
Explanatory Statement
The directors present their preliminary announcement for the year ended 30 June
2004.
These accounts are not the Company's statutory accounts. The auditors have not
yet reported on the accounts for the year ended 30 June 2004, nor have any such
accounts been delivered to the Registrar of Companies. However, the audit work
is complete and no qualification is expected.
The comparative figures contained in this report are for the year ended 30 June
2003. These figures (with the exception of the cash flow statement from which
the Company was exempt under FRS 1) have been extracted from the statutory
accounts, which have been filed with the Registrar of Companies. The auditors'
report on those accounts was unqualified and did not contain any statement under
section 237(2) or (3) of the Companies Act 1985.
Review of the Business
The results for the year are shown in the profit and loss account. The Company
did not trade during the year and the results are consistent with the
corresponding prior year period.
Dividends
The directors do not recommend the payment of an ordinary dividend (2003: £nil).
The contents of this report have been reviewed and approved by the Board of
Directors.
By order of the Board
Signed
A Jagun
Secretary
29 October 2004
KAYSER BONDOR LIMITED
Preliminary Announcement
Profit and Loss Account Notes 2004 2003
For the year ended 30 June 2004
£'000 £'000
Interest receivable from group undertakings 254 254
Profit before taxation 254 254
Taxation - -
Profit after taxation 254 254
Preference dividend paid - non-equity 2 (45) (45)
Profit attributable to ordinary shareholders 209 209
Basic and diluted earnings per share 3 0.9 p 0.9 p
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 and losses or shareholders'
funds other than those reported in the profit and loss account above.
KAYSER BONDOR LIMITED
Preliminary Announcement
Balance Sheet
As at 30 June 2004 2004 2003
£'000 £'000
Current assets
Debtors 11,081 10,872
Creditors: amounts falling due within one year (115) (115)
Net current assets 10,966 10,757
Capital and reserves
Called up share capital 6,756 6,756
Profit and loss account 4,210 4,001
Total capital employed 10,966 10,757
Analysis of shareholders' funds
Equity 10,216 10,007
Non-equity 750 750
10,966 10,757
KAYSER BONDOR LIMITED
Preliminary Announcement
Cash Flow Statement
For the year ended 30 June 2004 2004 2003
£'000 £'000
Net cash outflow from operating activities:
Operating profit - -
Increase in debtors (209) (209)
(209) (209)
Returns on investments and servicing of finance:
Interest received 254 254
Non-equity dividends paid (45) (45)
209 209
Movement in cash - -
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.
KAYSER BONDOR LIMITED
Preliminary Announcement
Notes to the Accounts
As at 30 June 2004
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 2003.
2. Dividends
No dividends were paid or proposed on the ordinary share capital. The rate of
preference dividend is 6% (2003: 6%), paid half yearly on 30 June and 31
December.
3. Earnings per share
The calculation of basic and diluted earnings per share is based on the profit
attributable to ordinary shareholders of £209,000 (2003: £209,000) and on
24,023,440 (2003: 24,023,440) shares, being the weighted average number of
shares in issue during the period. There is no dilution of earnings per share.
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