RNS Number:2626P
Riceman Insurance Investments PLC
28 December 2001

PART 2

Unaudited profit and loss account for the six months ended 30 September 2001


Riceman Insurance Investments PLC

                                                      #
Turnover

Net operating expenses                           36,718
                                              _________

Operating loss                                  -36,718

Interest receivable                               5,707

Interest payable                                    -45
                                              _________

Loss on ordinary activities before taxation     -31,056

Tax on profit on ordinary activities                                            
                                              _________

Loss on ordinary activities after taxation      -31,056
                                              _________
                          
Basic loss per share                           (0.047)p
                                              _________



Riceman Insurance Investments PLC

Unaudited balance sheet at 30 September 2001


Current assets

Debtors                                         24,692

Cash at Bank                                   255,754
                                             _________

                                               280,446
Creditors:
amounts falling due within 1 year              -16,654
                                             _________

Net current assests                            263,792
                                             _________

Net assets                                     263,792
                                             _________


Capital and reserves

Called up share capital                         65,939

Share premium account                        1,896,685

Profit and loss account                     -1,698,832
                                             _________

                                               263,792
                                             _________



Riceman Insurance Investments PLC

Notes to the accounts

Debtors

Other debtors                                  16,859

Prepayment                                      7,833
                                            _________

                                               24,692
                                            _________

Creditors

Trade creditors                                 2,880

Other creditors                                 4,381
                                             
Other taxes and social security                 1,579

Accruals                                        7,814
                                            _________

                                               16,654
                                            _________


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