Final Results

Braime (T.F.& J.H.) (Hldgs) PLC
2 March 2001


At a meeting of the directors held here today, the accounts for the year ended
31st December 2000 were submitted and approved by the directors.  The
preliminary profits statement is as follows:-


   Consolidated Profit and Loss Account for the year ended 31st December 2000

                                                       2000            1999
                                                         £               £
                                               
Group turnover                                      8,482,420        7,959,004

Trading profit                                         50,136           26,437
Investment income                                      98,996          108,636

Profit before interest                                149,132          135,073
Interest payable                                       68,794           51,578

Profit before taxation                                 80,338           83,495
Taxation                                               45,579           85,134

Profit/(loss) attributable to                          34,759           (1,639)
 shareholders

The directors recommend the
following appropriations:-

Preference shares
Dividend already paid of 5.00p
per share (1999 5.00p)                    9,000                 9,000

Ordinary shares
Interim dividend already paid of 1.80p
per share (1999 3.00p)                    8,640                14,400

Proposed final dividend of 6.60p per
share (1999 7.60p)                       31,680                36,480

'A' Ordinary shares
Interim dividend already paid of 1.80p
per share (1999 3.00p)                   17,280                28,800

Proposed final dividend of 6.60p per
share (1999 7.60p)                       63,360                72,960
                                                     129,960           161,640

Retained loss                                       ( 95,201)        ( 163,279)
                                                      ______           ______

Earnings per share                                     1.79p          ( 0.74p)
                                                      ______            _____



                     T.F. & J.H. BRAIME (HOLDINGS) P.L.C.
           Consolidated Balance Sheet as at 31st December 2000


                                                         2000           1999
                                                            £              £

Fixed assets        Intangible assets                  13,711         15,098
                      Tangible assets                 650,161        683,022
                                                      663,872        698,120

Current assets      Stocks                          1,560,264      1,756,612
                      Debtors                       2,038,466      1,729,802
                      Cash at bank and in hand      1,855,011      2,062,619
                                                    5,453,741      5,549,033

Creditors           Amounts falling due within   
                      one year                      1,923,054      1,965,229

Net current assets                                  3,530,687      3,583,804

Total assets less current liabilities               4,194,559      4,281,924

Deferred income                                        31,406         33,062

Net assets                                          4,163,153      4,248,862

Capital and         Called up share capital           540,000        540,000
reserves            Reserves                        3,623,153      3,708,862

Shareholders' funds                                 4,163,153      4,248,862

                    Comprising:
                    Non-equity shareholders' funds    180,000        180,000
                    Equity shareholders' funds      3,983,153      4,068,862


    Consolidated Cash Flow Statement for the year ended 31st December 2000

                                                         2000           1999
                                          Notes             £              £

Net cash inflow/(outflow) from
operating activities                        1         149,357      ( 146,242)

Returns on investments and servicing of finance
Interest received                                      98,996        108,636
Interest paid                                        ( 68,794)      ( 51,578)
Non-equity dividends paid                             ( 9,000)       ( 9,000)
                                                       21,202         48,058

Taxation
UK Corporation tax received/(paid)                     36,877       (104,816)
Overseas tax paid                                   ( 100,344)     ( 154,193)
                                                     ( 63,467)     ( 259,009)

Capital expenditure
Purchase of tangible fixed assets                   ( 111,166)     ( 129,043)
Disposal of tangible fixed assets                      11,804         19,450
                                                     ( 99,362)     ( 109,593)

Equity dividends paid                               ( 135,360)     ( 161,280)

Management of liquid resources
Decrease in treasury deposits               2         362,486        288,589

Increase/(decrease) in cash                 3         234,856      ( 339,477)



                                      2
                     T.F. & J.H. BRAIME (HOLDINGS) P.L.C.
                  Notes to Consolidated Cash Flow Statement

                                                      

1.   Reconciliation of operating profit to
     net cash inflow from operating
     activities                                        2000           1999
                                                          £              £

     Operating profit                                50,136         26,437
     Depreciation of tangible and intangible assets 139,101        136,975
     Profit on disposal of fixed assets             ( 5,214)      ( 19,445)
     Government grants amortised                    ( 1,656)       ( 1,656)
     Decrease/(increase) in stocks                  196,348       (235,030)
     (Increase)/decrease in debtors               ( 291,706)       106,701
     Increase/(decrease) in creditors                62,625       (163,390)
     Movement in value of assets
      caused by foreign exchange movements            ( 277)         3,166
                                                    149,357      ( 146,242)


2.   Analysis of changes in net funds       1999       Cash flow        2000
                                               £               £           £
     Cash at bank and in hand            407,470         154,878     562,348
     Bank loans and overdrafts       ( 1,048,237)         89,470   ( 958,767)
                                       ( 640,767)        244,348   ( 396,419)

     Treasury deposits                 1,655,149       ( 362,486)  1,292,663

                                       1,014,382       ( 118,138)    896,244



3.   Reconciliation of net cash flow to movement
     in net funds                                                    £

     Increase in cash                                          234,856
     Effect of foreign exchange rate changes                     9,492
                                                               244,348

     Decrease in treasury deposits                           ( 362,486)
     Movement in net funds in the year                       ( 118,138)
     Net funds at 31st December 1999                         1,014,382

     Net funds at 31st December 2000                           896,244


The annual general meeting will be held on Thursday 19th April 2001 and it is
proposed to pay the final dividend on 24th April 2001 to shareholders
registered with the company on 16th March 2001.

This statement has been agreed with the company's auditors.

2nd March 2001