Interim Results

On-Line PLC 28 March 2006 Embargoed for release until 7.30 a.m. 28th March 2006 On-line PLC ('On-line' or 'the Company') Unaudited Interim Results for the Six Months Ended 31 December 2005 On-line today announces unaudited interim results for the six months ended 31 December 2005. Chairman's Statement You will notice that our results for this period are shown for the Company only whereas the comparative figures were consolidated for the Group. This change is due to accounting requirements as we no longer have any operating subsidiaries with all of our investments now being either associates or trade investments. The past 12 months have been quiet for the Company as we continue, as in previous years, to work with our investments, which have been developing apace. ADVFN PLC ADVFN has continued to build and invest in its future and has achieved a 37% increase in users and a 21% increase in turnover. ADVFN has been working on non-English versions of the site during the past 12 months and has built a new ADVFN French site and an Italian site. It also has a Japanese, Brazilian and German site in test. The year has also seen the creation of ADVFN Japan - a Joint Venture based in Tokyo. This Joint Venture raised $5M in the local market to allow it to develop a Japanese site. Since the period-end it announced the purchase of Equity Development Ltd which is a valuable addition to the group. Equity Development produces high quality sponsored research, which is used and very well respected throughout the UK financial sector. ALL IPO PLC ALL IPO has developed and achieved FSA approval for the ALL IPO system and has made its first IPOs available to the public. ALL IPO is a simple idea, which enables investors to take part in IPOs that, in the past, they would have been excluded from. We know there are many investors that would love the opportunity to invest in good companies if only they had access. ALL IPO simply allows this to happen via the internet; a digital distribution platform bringing investors and companies seeking investment together. I look forward to another year of working closely with our investments and helping them to fulfil their potential. Michael Hodges Chairman 28th March 2006 On-line PLC Profit and Loss Accounts for the six months ended 31 December 2005 Company Group Group Six months ended Six months ended Year ended 31 December 2005 31 December 2004 30 June 2005 Unaudited Unaudited Audited £'000 £'000 £'000 Turnover 19 16 31 Administrative expenses (31) (65) (100) Operating loss (12) (49) (69) Share of operating profits / (losses) of associate - 30 (302) Share of associates losses of its associate - - (19) Gain on investments - 518 - Amount written back on investments - - 728 Exceptional items: profits on disposal of - 531 610 investments Share of exceptional items of associate - 613 574 (12) 1,643 1,522 Net interest - 2 7 (Loss) / profit on ordinary activities before (12) 1,645 1,529 taxation Tax on (loss) / profit on ordinary activities - - 3 (Loss) / profit on ordinary activities after (12) 1,645 1,532 taxation Minority interest - 6 6 (Loss) / profit retained for the year (12) 1,651 1,538 (Loss) / earnings per ordinary share (0.16p) 21.6p 20.1p On-line PLC Balance Sheets at 31 December 2005 Company Group Group 31 December 2005 31 December 2004 30 June 2005 Unaudited Unaudited Audited £'000 £'000 £'000 Fixed assets Investments 1,373 2,186 1,795 Current assets Debtors 60 40 95 Investments 1,002 91 954 Cash at bank and in hand 21 40 48 1,083 171 1,097 Creditors: amounts falling due within one year (73) (58) (75) Net current assets 1,010 113 1,022 Total assets less current liabilities 2,383 2,299 2,817 Net assets 2,383 2,299 2,817 Capital and reserves Called up share capital 3,242 3,242 3,241 Share premium account 2,205 2,205 2,202 Profit and loss account (3064) (3,148) (2,630) Total shareholders funds 2,383 2,299 2,817 On-line PLC Cash Flow Statements for the six months ended 31 December 2005 Company Group Group Six months ended Six months ended Year ended 31 December 2005 31 December 2004 30 June 2005 Unaudited Unaudited Audited £'000 £'000 £'000 Net cash inflow from operating activities 21 28 49 Returns on investment and servicing of finance Interest paid - - (1) Capital expenditure Proceeds from sale of fixed asset investments - - 66 Purchase of current asset investments (48) - - Loans to other entities - - (78) (48) - (12) Net cash (outflow) / inflow before financing (27) 28 36 Financing Issue of ordinary share capital - 4 4 Net cash inflow from financing - 4 4 (Decrease) / increase in cash (27) 32 40 On-line PLC Statement of Total Recognised Gains and Losses for the six months ended 31 December 2005 Company Group Group Six months ended Six months ended Year ended 31 December 2005 31 December 2004 30 June 2004 Unaudited Unaudited Audited £'000 £'000 £'000 (Loss) / profit for the period (12) 1,651 1,538 Unrealised (loss) / gain on current asset - (10) 694 investments Share of prior year adjustments of associate - - (77) Total recognised gains and losses for the period (12) 1,641 2,155 On-line PLC Notes to the interim statement for the six months ended 31 December 2005 1. (Loss) / earnings per ordinary share Company Group Group Six months ended Six months ended Year ended 31 December 2004 31 December 2004 30 June 2005 (Loss) / profit for the period £'000 (12) 1,651 1,538 Weighted average number of shares '000 7,662 7,646 7,654 (Loss) / earnings per share P (0.16p) 21.6p 20.1p 2. The directors do not recommend the payment of a dividend. 3. The financial information contained in this document does not constitute statutory accounts within the meaning of Section 240 of the Companies Act 1985. The financial information for the year ended 30 June 2005 is extracted from the audited financial statements for that period on which the auditors gave an unqualified report. A copy of those financial statements has been filed with the Registrar of Companies. 4. Copies of this statement are being posted to shareholders shortly and will be available from the company's registered office at 642a Lea Bridge Road, Leyton, London, E10 6AP. This information is provided by RNS The company news service from the London Stock Exchange R
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