ChallengerX Plc Final Results for the Period Ended 30 June 2023
21 Diciembre 2023 - 10:38AM
UK Regulatory
TIDMCXS
ChallengerX plc ("ChallengerX", "CX" or the "Company")
Final Results for the Period Ended 30 June 2023
ChallengerX (AQUIS: CXS), the trading company with principal activity of
employing both traditional and non- traditional marketing strategies to rapidly
"professionalise" amateur and semi-professional sports clubs around the world
announces its Audited Annual Report and financial statements for the year ended
30 June 2023 (the "Annual Report").
An extract of the Company's audited report and accounts can be found below. A
full copy of the Annual Report,
which should be read in full, will shortly be
available from the Company's website
https://challengerx.io/investors/ and will be sent to all shareholders.
In accordance with Rule 4.3 of the AQSE Growth Market Access Rulebook, the
Company will announce management statements within one month of the quarter end
for each quarter until an audit report is published without modification.
Accordingly, the Company will release the following quarterly reports:
· A report for the quarter ended 31 December 2023 by 31 January 2024
· A report for the quarter ending 31 March 2024 by 30 April 2024
· A report for the quarter ending 30 June 2024 by 31 July 2024
This announcement contains inside information for the purposes of the UK Market
Abuse Regulation and the Directors of the Company are responsible for the
release of this announcement.
For further information, please contact:
Enquiries:
ChallengerX plc
John May, Chairman jmay@city-westminster.com
First Sentinel Corporate Finance +44 203 855 5551
AQSE Corporate Adviser Brian Stockbridge
/ Gabrielle Cordeiro
Statement of Comprehensive Income For the period ended 30 June 2023
2023 2022
(£'000) (£'000
£'000 £'000
Expenses
Administrative expenses (392) ( 279)
Impairment of investment in - ( 839)
subsidiary
)
Impairment of loan - ( 118)
Operating loss (392) (1,236)
(Loss) before tax (392) (1,236)
Taxation - -
(Loss) for the financial (392) (1,236)
year
Total comprehensive loss (392) (1,236)
(Loss) per share (pence) (0.13)
from continuing operations
attributable to owners of (0.47)
the company - basic &
diluted
Statement of Financial Position As at 30 June 2023
2023 2022
(£'000
£'000 £'000
ASSETS
Current assets
Trade and other receivables 15 7
Cash and cash equivalents 48 385
Total current assets 63 392
TOTAL ASSETS 63 392
LIABILITES AND EQUITY
Current liabilities
Trade and other payables 96 110
Total current liabilities 96 110
Capital and reserves
Share capital 343 288
Share premium 1,252 1,230
Retained earnings (1,628) (1,236)
Total equity (33) 282
TOTAL LIABILITIES AND EQUITY 63 392
The financial statements were approved by the Board of Directors on 20 December
2023 and signed on its behalf
John May
Director
Statement of Changes in Equity For the period ended 30 June 2023
Share capital Share premium Retained earnings Total
£'000 £'000 £'000 £'000
Balance as at 1 288 1,230 (1,236) 282
July 2022
(Loss) for the - - (392) (392)
year
Total -
comprehensive
income
Issue of shares 55 22 - 77
(net of costs)
Total 55 22 - 77
transaction
with owners
As at 30 June 343 1,252 (1,628) (33)
2023
Share capital Share premium Retained earnings Total
£'000 £'000 £'000 £'000
(Loss) for the - - (1,236) (1,236)
year
Total - - (1,236) (1,236)
comprehensive
income
Issue of shares 288 1,230 - 1,518
(net of costs)
Total 288 1,230 - 1,518
transaction
with owners
As at 30 June 288 1,230 (1,236) 282
2022
Statement of Cash Flows
For the period ended 30 June 2023
2023 2022
£'000 £'000
Cash from operating activities
(Loss) before tax (392) (1,236)
Adjustments for:
(Increase) in trade and other receivables (8) (7)
(Decrease)/Increase in trade and other payables (14) 110
Net cash used in operating activities (414) (1,133)
Cash flows from financing activities
Proceeds from issue of shares 82 1,518
Adjustment to share issue cost (5) -
Net cash provided by financing activities 77 1,518
Net cash flows for the year (337) 385
Cash and cash equivalents at beginning of year 385 -
Cash and cash equivalents at end of year 48 385
Net change in cash and cash equivalents (337) 385
Cash and cash equivalents comprise: 48 385
Cash at bank and in hand
This information was brought to you by Cision http://news.cision.com
END
(END) Dow Jones Newswires
December 21, 2023 11:38 ET (16:38 GMT)
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