Business
Restated Interim Results (1 July 2022-31 Dec 2022)
Restated Interim Results (1 July 2022-31 Dec 2022).
About this update from Wildcat Gold Plc
[{"type":"text","content":"\n \n \n 29 March 2023\n \n \n \n WILDCAT Petroleum Plc\n \n \n \n \n (\"Wildcat\" or the \"Company\")\n \n \n \n \n Restated Interim results for the period from 1 July 2022 to 31 December 2022\n \n \n \n \n Wildcat Petroleum Plc (\"WCAT\" or \"the Company\") a company targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry announces its restated interim results for the period from 1 July 2022 to 31 December 2022. \n \n \n \n \n \n Further to the announcement of the interim results for the six months ended 31 December 2022, which was released on 17 March 2023, the Company have identified a number of aspects relating to the presentation and disclosure of the financial statements that need to be restated.\n \n \n \n \n \n This document is the restatement of the interim report for the six months to 31 December 2022.\n \n \n \n \n \n The following adjustments have been made:\n \n \n 1. The board of directors signed the interim reports on 16 March 2023 not 30 March 2023 as previously stated. The board of directors approved the revised interims on 29 March 2023;\n \n \n 2. The going concern statement in Note 1 has been revised in line with the going concern statement made in the Chairman's statement of the Interim Results;\n \n \n 3. Note 3 regarding Trade Receivables has been revised to reflect the full breakdown of the amount shown in the Statement of Financial Position;\n \n \n 4. The treatment of the share issue costs for £13k has been revised and has been deducted from the share premium account. Previously this amount had erroneously been included in the Administrative Expenses in the Statement of Comprehensive Income;\n \n \n 5. The Statement of Cashflows has been amended to reflect cash absorbed from operations and Note 5 has been included accompany this. Cash and Cash equivalents at end of the period remain unchanged; and\n \n \n 6. Note 4 regarding share capital has been changed from £69k to £68k, this was due to a rounding error.\n \n \n \n \n \n The revised Interim results are shown below:\n \n \n \n \n \n \n Results for the period\n \n \n \n For the period 1 July 2022 to 31 December 2022, the results include the on-going running costs in connection with being a listed company.\n ...