Supplementary Statement
Trio Holdings PLC
28 December 2000
28th December 2000
TRIO HOLDINGS PLC
Supplement to Preliminary Announcement of Results for the year ended 30th
September 2000
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dlh/tr588/27/12/00
CHAIRMAN'S SUPPLEMENTARY STATEMENT
In respect of the Preliminary Announcement on 11th December of Results for the
year ended 30 September 2000, following further discussions between our
Auditors and the Board, it has been agreed by the parties that there should be
a presentational change between the reconciliation of movement in Equity
Shareholders Funds, and the Profit and Loss Account for the year ended 30
September 2000, complying with FRS4. Our Annual Report and Financial
Statements will contain the revision.
In particular Group revenue reserves will be enhanced by £660,000 in respect
of a capital contribution received, compensated for by a reduction in reported
consolidated profit on ordinary activities before and after taxation of £
660,000. There is therefore no alteration to the Group Balance Sheet as a
result of this presentational change.
The re-presented figures follow, which show retained revenue reserves at the
same amount as previously reported.
Enquiries to: DAVID HAGAN
Executive Chairman, TRIO Holdings PLC
020 7489 8033
TRIO HOLDINGS PLC
RE-PRESENTED UNAUDITED PRELIMINARY STATEMENT OF ANNUAL RESULTS FOR THE TWELVE
MONTHS ENDED 30 SEPTEMBER 2000
Year to Year to
30 Sept 30 Sept
2000 1999
£000s £000s
Turnover 29,198 23,174
Operating expenses (29,040) (22,968)
Exceptional operating item - 785
Operating profit 158 991
Profit on sale of investment 2,507 -
Profit on ordinary activities before taxation 2,665 991
Taxation UK (697) (455)
Overseas 60 (313)
Profit on ordinary activities after taxation 2,028 223
Equity minority interests (38) (25)
Profit attributable to the shareholders 1,990 198
Dividends paid and proposed (584) (167)
Retained profit for the year transferred to reserves 1,406 31
Earnings per share 2.38p 0.24p
MOVEMENT ON REVENUE RESERVES
Retained revenue reserves at the beginning of the year (712) (14,958)
Retained profit for the year transferred to reserves 1,406 31
Capital contribution received 660 -
Capital reduction - 14,223
Goodwill transferred on disposal (117) -
Other recognised gains and losses 39 (8)
Retained revenue reserves at the end of the year 1,276 (712)
TRIO HOLDINGS PLC
UNAUDITED ABRIDGED CONSOLIDATED BALANCE SHEET
AS AT 30 SEPTEMBER 2000
30.09.00 30.09.99
£000's £000's £000's £000's
FIXED ASSETS
Tangible Assets 825 878
Investments 15 44
840 922
CURRENT ASSETS
Stocks 88 64
Debtors 7,859 4,473
Cash 4,575 4,754
12,522 9,291
Creditors under one year (4,193) (2,968)
NET CURRENT ASSETS 8,329 6,323
Creditors over one year (1,243) (1,250)
NET ASSETS 7,926 5,995
CAPITAL AND RESERVES
Share Capital 4,174 4,174
Capital reserve 2,474 2,474
Profit and loss account 1,276 (712)
Equity Shareholders Funds 7,924 5,936
Equity minority interests 2 59
7,926 5,995
NOTES
1. Profit and Loss Account
The results in foreign currencies are translated into Sterling at
the average exchange rates ruling in the year in which the results
accrued.
2. Profit on sale of investment
This item relates to the profit on the sale of the investment in
City Networks Limited, net of costs.
3. Earnings per Share
Earnings per share is based on the net profit after taxation
attributable to ordinary shareholders and on a weighted average of the
number of ordinary shares in issue.
4. Debtors
Debtors are analysed as follows:
2000 1999
£000's £000's
Trading Debtors 4,766 3,744
Other Debtors 3,093 729
7,859 4,473
Included in other debtors is £2,646,000, being the proceeds of the
sale of the Group's interest in City Networks Limited; this was
received in full on 10th November 2000.
5. Statement of total recognised gains and losses
2000
£
000's
Profit attributable to the equity shareholders 1,990
Foreign exchange translation differences on foreign currency investment
in subsidiaries
39
2,029
6 Reconciliation of movement in Equity Shareholders' Funds
2000
£000's
Profit attributable to the equity shareholders 1,990
Capital contribution received 660
Other recognised gains and losses 39
Dividends paid and proposed (584)
Goodwill transferred on disposal (117)
Net addition to equity shareholders' funds 1,988
Opening equity shareholders' funds 5,936
Closing equity shareholders' funds 7,924
7. Accounts
The above accounts do not constitute full accounts within the meaning of
the
Companies Act. The accounts have been prepared using accounting
policies, which are consistent with those used in previous periods.
Full accounts for the year to 30 September 2000, (which have not yet
been delivered to the Registrar of Companies or reported on by the
Auditors) will be circulated to members in early 2001. Full accounts
for the year ended 30 September 1999 received an unqualified Auditors'
report and have been delivered to the Registrar of Companies.
Copies of this supplementary announcement are available to members of
the public at the Company's registered office, 4 Deans Court, London
EC4V 5AA.