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Worldsec Ld (WSL)

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Tuesday 23 August, 2011

Worldsec Ld

Interim Report

RNS Number : 8681M
Worldsec Ld
23 August 2011
 



 

Worldsec Limited

 

Interim Report for the six months ended 30 June 2011

 

 

 

 

The Directors submit the interim report on Worldsec Limited (the "Company") and its subsidiaries (collectively known as the "Group") for the six months ended 30 June 2011.

 

 



CONSOLIDATED STATEMENT OFCOMPREHENSIVE INCOME

FOR THE PERIOD ENDED 30 JUNE 2011                                           



CONSOLIDATED STATEMENT OF RECOGNISED INCOME AND EXPENSE

FOR THE PERIOD ENDED 30 JUNE 2011



CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AT 30 JUNE 2011                                                           

urrent liabilities



CONSOLIDATED STATEMENT OF CASH FLOW

FOR THE PERIOD ENDED 30 JUNE 2011

ash flows from operating activities

and accruals

ctivities

et

et decrease in cash and cash equivalents

ash and cash equivalents at

ofperiod

ash and cash equivalentsat

ofperiod



NOTES TO THE INTERIM REPORT

FOR THE PERIOD ENDED 30 JUNE 2011                                    

 

The Company is a public listed company incorporated in Bermuda and its shares are listed on the London Stock Exchange.  The addresses of the registered office and principal place of business of the Company are disclosed in the corporate information to the interim report.

 

In the current period, the Group has adopted all of the new and revised Standards and Interpretations issued by the International Accounting Standards Board (the "IASB") and the International Financial Reporting Interpretations Committee ("IFRIC") of the IASB that are relevant to its operations and effective for accounting periods beginning on or after 1 February 2010. The adoption of these new and revised Standards and Interpretations has no significant impact on the financial statements of the Group.

 

At the date of authorisation of these financial statements, the following Standards and Interpretations were in issue but not yet effective:

 

Amendments to IFRS 7

Disclosures - Transfers of Financial Assets1

IFRS 9 (as amended in 2010)

Financial Instruments2

Amendments to IAS 12

Deferred Tax: Recovery of Underlying Assets3

Amendments to IFRIC 14

Prepayments of a Minimum Funding Requirement2

 

1 Effective for annual periods beginning on or after 1 July 2011.

2 Effective for annual periods beginning on or after 1 January 2013.

3 Effective for annual periods beginning on or after 1 January 2012.

 

The directors anticipate that the application of these Standards, Amendmentsand Interpretations in the future periods will have no material financial impact on the financial statements of the Group.

 

Save as disclosed above, the accounting policies adopted in preparing this report are consistent with those adopted in preparing the consolidated financial statements of the Group for the year ended 31 December 2010.

 

able value.  Provision has also been made for any onerous contractual commitments at the balance sheet date.  The financial statements do not include any provision for the future costs of terminating the business of the ompany except to the extent that such costs were committed at the balance sheet date.  Accordingly, all assets are classified as current assets.

 

 

 

 

 

US$(140,000)


US$(106,000)







 

 

 

Contributed

surplus


Special reserve


Accumulated losses

9,646


625


(8,879)

-


-


(106)


9,646


625


(8,985)

-


-


(81)

9,646


625


(9,066)

-


-


(140)

9,646


625


(9,206)

 

2011.



CORPORATE INFORMATION

 

 

 

 

 

A

 

 

s

 

st Floor,

 

 

R

 

R

 

 

Henry Ying Chew CHEONG

Executive Director

Worldsec Group

6th Floor, New Henry House, 10 Ice House Street, Central, Hong Kong


This information is provided by RNS
The company news service from the London Stock Exchange
 
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