VHE Holdings PLC
12 June 2001
PART 2
VHE HOLDINGS PLC
GROUP PROFIT AND LOSS ACCOUNT
For the Year Ended 31 March 2001
Notes 2001 2000
£'000 £'000
Turnover 47,911 45,703
Cost of sales
excluding exceptional items (41,514) (41,336)
exceptional items 2 161 (4,989)
Total cost of sales (41,353) (46,325)
Gross profit/(loss) 6,558 (622)
Net operating expenses
excluding exceptional items (5,112) (4,964)
exceptional items 2 (57) (1,739)
Total net operating expenses (5,169) (6,703)
Operating profit/(loss) before exceptional items 1,285 (597)
Total exceptional items 2 104 (6,728)
Operating profit/(loss) 1,389 (7,325)
Interest and similar income 59 49
Interest payable and similar charges (411) (544)
Profit/(loss) on ordinary activities before taxation 1,037 (7,820)
Tax credit on profit/(loss) on ordinary activities 3 5 468
Profit/(loss) for the financial year 1,042 (7,352)
Dividends - -
Retained profit/(loss) for the year 1,042 (7,352)
Basic and fully diluted earnings/(loss)
per ordinary share 4 3.2 (22.9p)
Dividend per ordinary share Nil Nil
All activities relate to continuing operations.
The Group has no recognised gains and losses other than the profits above and
therefore no separate statement of total recognised gains and losses has been
presented.
There is no difference between the profit on ordinary activities before
taxation and the retained profit for the year stated above and their
historical cost equivalents.
GROUP BALANCE SHEET
At 31 March 2001
2001 2000
£'000 £'000
Fixed assets
Tangible assets 4,672 5,114
4,672 5,114
Current assets
Stock 986 1,077
Debtors: amounts falling due after more than one year 689 979
Debtors: amounts falling due within one year 9,155 9,930
Cash at bank and in hand 5 1,129
10,835 13,115
Creditors: Amounts falling due within one year (9,550) (12,565)
Net current assets 1,285 550
Total assets less current liabilities 5,957 5,664
Creditors: amounts falling due after more than one year (263) (947)
Provisions for liabilities and charges (801) (840)
Accruals and deferred income (154) (180)
(1,218) (1,967)
Net assets 4,739 3,697
Capital and reserves
Called up share capital 3,210 3,210
Profit and loss account 1,529 487
Equity shareholders' funds 4,739 3,697
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