Results Announcement
25 Junio 2010 - 1:01AM
UK Regulatory
TIDMILA
RNS Number : 1928O
Ila Group Limited
25 June 2010
25 June 2010
Ila Group Limited
("Ila" or "the Company")
Change of Reporting Calendar and Results for Ila Security Limited
The Directors of Ila (AIM: ILA) announce that instead of the reporting calendar
announced by AIM on 18 February 2010, the Company has changed its accounting
reference date from 31 December to 30 June in each year.
Financial information for Ila Security Limited, a wholly owned subsidiary of the
Company since 5 March 2010, for the period to 30 September 2009 was included in
the AIM Admission Document, which was published on 15 February 2010. The
Directors of Ila today announce unaudited financial information prepared under
IFRS for Ila Security Limited, for the three months ended 31 December 2009. This
period ended prior to the completion of the acquisition of Ila Security Limited
by the Company.
The Company's next published accounts will be audited consolidated annual
accounts to 30 June 2010, which will be published by the end of December 2010.
At the same time it will also announce unaudited financial information for Ila
Security Limited prepared under IFRS for the six months ended 30 June 2010. It
will publish unaudited interim accounts for the Company for the six months ended
31 December 2010 by the end of March 2011 and thereafter continue to report its
annual and interim accounts in accordance with a 30 June accounting reference
date.
The results for the three months ended 31 December 2009 Ila Security Limited are
set out below.
Income statement for the three months ended 31 December 2009
+-------------------------------------------------+-----------+
| Revenue | 88,216 |
| | |
+-------------------------------------------------+-----------+
| Cost of sales | (63,565) |
+-------------------------------------------------+-----------+
| GROSS PROFIT | 24,651 |
+-------------------------------------------------+-----------+
| Administrative expenses | (124,636) |
+-------------------------------------------------+-----------+
| Operating loss | (99,985) |
+-------------------------------------------------+-----------+
| Finance costs | (3,125) |
+-------------------------------------------------+-----------+
| LOSS BEFORE TAX | (103,110) |
+-------------------------------------------------+-----------+
| Income tax income | 21,288 |
+-------------------------------------------------+-----------+
| LOSS FOR THE PERIOD | (81,822) |
+-------------------------------------------------+-----------+
Statement of financial position as at 31 December 2009
+------------------------------------------------+-----------+
| ASSETS | |
+------------------------------------------------+-----------+
| NON CURRENT ASSETS | |
+------------------------------------------------+-----------+
| Deferred tax assets | 33,617 |
+------------------------------------------------+-----------+
| CURRENT ASSETS | |
+------------------------------------------------+-----------+
| Inventories | 16,193 |
+------------------------------------------------+-----------+
| Trade and other receivables | 128,183 |
+------------------------------------------------+-----------+
| Cash and cash equivalents | 256,427 |
+------------------------------------------------+-----------+
| | 400,803 |
+------------------------------------------------+-----------+
| TOTAL ASSETS | 434,420 |
+------------------------------------------------+-----------+
| EQUITY | |
+------------------------------------------------+-----------+
| ISSUED CAPITAL AND RESERVES | |
+------------------------------------------------+-----------+
| Issued share capital | 1,189 |
+------------------------------------------------+-----------+
| Share premium | 273,823 |
+------------------------------------------------+-----------+
| Retained earnings | (128,990) |
+------------------------------------------------+-----------+
| TOTAL EQUITY | 146,022 |
+------------------------------------------------+-----------+
| NON CURRENT LIABILITIES | |
+------------------------------------------------+-----------+
| Interest bearing borrowings | 113,686 |
+------------------------------------------------+-----------+
| CURRENT LIABILITIES | |
+------------------------------------------------+-----------+
| Trade and other payables | 143,713 |
+------------------------------------------------+-----------+
| Interest bearing borrowings | 30,999 |
+------------------------------------------------+-----------+
| | 174,712 |
+------------------------------------------------+-----------+
| TOTAL EQUITY AND LIABILITIES | 434,420 |
+------------------------------------------------+-----------+
Statement of cash flows for the three months ended 31 December 2009
+-------------------------------------------------+-----------+
| CASH FLOWS FROM OPERATING ACTIVITIES | |
+-------------------------------------------------+-----------+
| Loss after tax | (81,822) |
+-------------------------------------------------+-----------+
| NON-CASH ADJUSTMENTS | |
+-------------------------------------------------+-----------+
| (Increase) in deferred tax assets | (21,288) |
+-------------------------------------------------+-----------+
| INCREASE/(DECREASE) IN WORKING CAPITAL | |
+-------------------------------------------------+-----------+
| Increase in inventories | (16,193) |
+-------------------------------------------------+-----------+
| Increase in trade and other receivables | (47,012) |
+-------------------------------------------------+-----------+
| Increase in trade and other payables | 97,233 |
+-------------------------------------------------+-----------+
| Decrease in accruals | (36,868) |
+-------------------------------------------------+-----------+
| Net cash from operating activities | (105,950) |
+-------------------------------------------------+-----------+
| CASH FLOWS FROM FINANCING ACTIVITIES | |
+-------------------------------------------------+-----------+
| Repayment of bank loans | (7,615) |
+-------------------------------------------------+-----------+
| Net change in cash and cash equivalents | (113,565) |
+-------------------------------------------------+-----------+
| Cash and cash equivalents, start of period | 369,992 |
+-------------------------------------------------+-----------+
| CASH AND CASH EQUIVALENTS, END OF PERIOD | 256,427 |
+-------------------------------------------------+-----------+
For further information please contact:
+--------------------------------------+------------------------+
| Ila Group Limited | 020 7501 1050 |
| Simon McGivern, Chief Executive | |
| Paul Gazzard, Director | |
| | |
+--------------------------------------+------------------------+
| Arbuthnot Securities Limited | 020 7012 2000 |
| Antonio Bossi | |
| Ed Groome | |
| | |
+--------------------------------------+------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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