Final Results

RNS Number : 2954J

Shellproof Limited

28 June 2011

 



Shellproof Limited announces results for the year ended 31 March 2011

Belize City, Belize, 28 June 2011 - Shellproof Limited (London-AIM: SHLP) ("Shellproof" or the "Company") reported a net profit of ₤104,000 for the year ended 31 March 2011 (2010 - ₤105,000). Basic and diluted earnings per ordinary share for the year ended 31 March 2011 amounted to 1.30 pence (2010 - 1.31 pence).

The Company continues its search for investment opportunities in line with its stated strategy which includes possible investment in either one or more quoted or unquoted businesses that may have been set up by entrepreneurs with good strategic plans and need financial backing and the support of the experienced Shellproof management team.

Further details are set out in the Company's AIM Admission document dated 25 April 2008 and on the Company's web site.

For further information contact:

Shellproof Limited                                         

Belize [phone]                                    

UK [phone]

Note: This and other press releases are available at the Company's web site: http://www.shellprooflimited.com. 

Income statement

Year ended 31 March		2011	2010
		UK₤000	UK₤000
Administrative expenses		(65)	(56)
Operating loss		(65)	(56)
Financial income		169	161
Profit before taxation		104	105
Taxation		-	-
Net profit for the year		104	105
Earnings per ordinary share
Basic (pence)		1.30	1.31

Balance sheet

At 31 March		2011	2010
		UK₤000	UK₤000
Assets
Current assets
Cash and cash equivalents		4,257	4,156
Other receivables		19	19
		4,276	4,175
Liabilities
Current liabilities
Other payables		(14)	(17)
Net current assets		4,262	4,158
Net assets		4,262	4,158
Shareholders' equity
Called up share capital		4,000	4,000
Retained earnings		262	158
Total shareholders' equity		4,262	4,158

Statement of cash flows Year ended 31 March 2011 2010 UK₤000 UK₤000 Cash flows from operating activities Cash used in operations (68) (82) Interest received 169 161 Net cash generated from operating activities 101 79 Net increase in cash and cash equivalents 101 79 Cash and cash equivalents at beginning of year 4,156 4,077 Cash and cash equivalents at end of year 4,257 4,156

 

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