CARBO PLC
 
CARBO PLC
Interim Results for the six months ended 31 July 2004
 
Consolidated Profit and Loss Account
 
 
 Unaudited Unaudited
  6 months 6 months Year
 ended ended Ended
 
 31 July 31 July 31 January
 2004 2003 2004
 Notes £'000's £'000's  £'000's
 
Turnover 24,110 29,429 52,601
 
 
Costs and overheads 26,163 30,870 59,490
 
 
Operating loss  (2,053) (1,441) (6,889)
 
 
Interest payable and similar charges 670 547 1,026
 
 
Loss on ordinary activities before taxation  (2,723) (1,988) (7,915)
 
 
Taxation charge on loss from ordinary activities 61 163 92
 
 
Loss on ordinary activities after taxation (2,784)  (2,151) (8,007)
 
 
Dividends appropriated 2 14 14 28
 
 
 
 
Loss for the period / financial year (2,798) (2,165) (8,035)
 
 
Loss per share (pence)
 
Basic and diluted loss per ordinary share 3 (13.1p) (27.4p) (101.5p)
 
 
 
Statement of Total Recognised Gains and Losses
 
 
  Unaudited Unaudited
 6 months 6 months Year
 ended ended Ended
  31 July 31 July 31 January
 2004 2003 2004
  Notes £'000's £'000's £'000's
 
 Loss for the period / financial year (2,798) (2,165) (8,035)
 Preference dividend appropriation  14 14 28
 Exchange translation differences (42) 475 436
 Total recognised gains and losses relating
 to the period / financial year  (2,826) (1,676) (7,571)
 
 
CARBO PLC
 
Interim Results for the six months ended 31 July 2004
 
Consolidated Balance Sheet
 
 
 
 Unaudited Unaudited
  6 months 6 months Year
 ended ended Ended
  31 July 31 July 31 January
 2004 2003 2004
 Notes  £'000's £'000's £'000's
Fixed assets
Intangible assets - 141 -
Tangible assets 17,026  19,001 18,033
Investments 35 31 36
 17,061 19,173 18,069
Current assets
Stocks 6,860 10,915 8,177
Debtors 9,487 10,013 9,342
Cash at bank and in hand  205 770 207
 
 16,552 21,698 17,726
 
Creditors: Amounts falling due within one year (19,748) (18,888) (19,958)
 
 
Net current (liabilities)/assets (3,196) 2,810 (2,232)
 
 
Total assets less current liabilities 13,865 21,983 15,837
 
 
Creditors: Amounts falling due after one year
 
Convertible debt 5 - (3,185) (3,185)
 
Other creditors (3,096) (2,243) (1,984)
Provision for liabilities and charges (16,107) (16,357) (16,365)
 
 
Net (liabilities) / assets (5,338) 198 (5,697)
 
Capital and reserves
Called up share capital 5 21,634 20,135 20,135
Share premium account 5 1,976 290 290
Profit and loss account  (28,948) (20,227) (26,122)
 
 
Shareholders' (deficit) / funds (5,338) 198 (5,697)
 
 
Reconciliation of movements in shareholders funds
 
 
  Unaudited Unaudited
 6 months 6 months Year
  ended ended Ended
 31 July 31 July 31 January
 2004 2003  2004
 Notes £'000's £'000's £'000's
 
 Loss attributable to shareholders (2,784) (2,151) (8,007)
 Exchange differences (42) 475 436
 Conversion of loans to equity 5 3,185 - -
 Net addition / (reduction) in shareholders' 359 (1,676) (7,571)
 funds
 Opening shareholders (deficit) / funds (5,697) 1,874 1,874
 Closing shareholders' (deficit) / funds  (5,338) 198 (5,697)
 
 
CARBO PLC
 
Interim Results for the six months ended 31 July 2004
 
 
Consolidated Cash Flow Statement
 
 
 Unaudited Unaudited
  6 months 6 months Year
 ended ended Ended
  31 July 31 July 31 January
 2004 2003 2004
 Notes £'000's £'000's £'000's
 
 
Net cash (outflow)/inflow from operating activities (529) 497 2,678
 
 
Returns on investments and servicing of finance
 
Interest received  7 - 14
Interest paid (676) (416) (1,040)
 (669) (416) (1,026)
 
Corporation tax (paid) / received (9) 46 (26)
 
 
Capital expenditure
Purchase of tangible fixed assets (78) (240) (837)
Sale of tangible fixed assets and investment properties - - 428
 (78) (240) (409)
 
 
Cash (outflow) / inflow before financing (1,285) (113) 1,217
 
Financing
Loan repayment (98) (277) (468)
Loans advanced  2,242 524 446
Cash inflow / (outflow) from financing 2,144 247 (22)
 
Increase in cash in the period / financial year  859 134 1,195