Business
Preliminary Results - year en
Preliminary Results - year en.
About this update from Palace Capital Plc
[{"type":"text","content":"\n RNS Number : 8477T Leo Insurance Services PLC 15 June 2009 \n \n15 June 2009\n\nLeo Insurance Services plc ('LEO' or the 'Company')\n\nChairman's Statement\n\nIn the year ended 31 January 2009 the Group made a consolidated loss of £33,046 (2008: £30,799)\n\nLeo's only investment is a 50% share in Grafton Insurance Services Limited a brokerage specialising in property insurance. Whilst there has been a small amount of organic growth the main asset continues to be its long term contract with Safeland Plc.\n\nThe board continues to assess opportunities for acquisition which will benefit shareholders. \n\nLG Lipman\nChairman\n\n12 June 2009\n\n\n\nCONSOLIDATED INCOME STATEMENT for the year ended 31 January 2009\n\n\n\n\n\n\n\nNotes\n\n\nUnaudited\n2009\n£\n\n\n\n\n\nAudited\n 2008\n£\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n-\n\n\n\n\n\n\n-\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCost of sales\n\n\n\n\n\n-\n\n\n\n\n\n-\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGROSS PROFIT\n\n\n\n\n\n-\n\n\n\n\n\n-\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdministrative Expenses\n\n\n\n\n\n(85,837)\n\n\n\n\n\n(100,496)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOPERATING LOSS\n\n\n\n\n\n\n(85,837)\n\n\n\n\n\n\n(100,496)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nShare of results of joint venture - post tax\n\n\n6\n\n\n58,135\n\n\n\n\n\n73,021\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLOSS BEFORE INTEREST\n\n\n\n\n\n(27,702)\n\n\n\n\n\n(27,475)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinance income\n\n\n\n\n\n506\n\n\n\n\n\n709\n\n\n\n\n\nFinance costs\n\n\n\n\n\n\n(5,850)\n\n\n\n\n\n\n(4,033)\n\n\n\n\n\nLOSS BEFORE TAX\n\n\n\n\n\n\n(33,046)\n\n\n\n\n\n\n(30,799)\n\n\n\n\n\nTax\n\n\n\n\n\n\n\n-\n\n\n\n\n\n\n-\n\n\n\n\n\nLOSS FOR THE FINANCIAL YEAR\n\n\n\n\n\n\n(33,046)\n\n\n\n\n\n\n(30,799)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLOSS PER ORDINARY SHARE:\n\n\n3\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic and diluted\n\n\n\n\n\n(0.46p)\n\n\n\n\n\n(0.43p)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe operating loss for the year arises from the group's continuing operations.\n CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the year ended 31 January 2009\n\n\n\n\n\n\n\n\n\n\nShare capital\n£\n\n\n\n\n\nShare premium\n£\n\n\n\n\n\nRetained losses\n£\n\n\n\n\n\nTotal equity\n£\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n...