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ZimNRG plc (ZIMO)

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Wednesday 30 November, 2011

ZimNRG plc

Half year report



ZimNRG plc                                

Unaudited Interim Accounts for the period to 31st August
2011
The Directors of Zim NRG PLC are pleased to present the unaudited accounts for the six months to
August 31st 2011.

PRINCIPAL ACTIVITIES AND BUSINESS REVIEW

The principal activity of the company during the year was that of investment holding company.
Your Directors continue to explore possible investments in the mining and energy sectors,
primarily in Zimbabwe and also in the surrounding South African Development Community countries.
We have examined several projects including resources of base minerals, gold and natural gas and
are pursuing a number of interesting opportunities in respect of which detailed geological studies
are being undertaken. The Company has discarded a green-fields base mineral project and a precious
metals prospect which the Directors had considered.
There are still a number of challenging issues facing potential investors in Zimbabwe,
particularly with regard to the indigenisation proposals and energy constraints. In addition the
impact of the proposed increase in mining royalties will be considered carefully by the directors
in assessing any potential investment.

RESULTS AND DIVIDENDS
The loss for the period amounted to £50,594. The Directors have not recommended a dividend.

PROFIT & LOSS ACCOUNT

                                                  £

Unrealised Exchange gains/(Losses)               5,754
Profit/Loss on Sale Investments                (1,335)
Dividends Received                                 708
Movement on Investment Reserve                 (2,213)
Interest Receivable                                162
Other income                                         0
                                                 3,077

Salaries & fees                               (20,705)
Employers NI                                         0
Printing                                             0
Travelling & Research                          (3,864)
Legal & Professional Fees                     (28,012)
General Expenses                               (1,091)
                                              (53,671)
Loss for the Period                           (50,594)

BALANCE SHEET                                At August
                                             31st 2011
                                                 £

Current Assets                            
Investments                                    111,930
Bank Balances                                  155,313
Debtors                                         42,524
                                               309,767
Current Liabilities                       
Creditors                                     (21,673)
                                               288,094

Capital Employed                          
Share Capital                                  236,150
Share Premium                                  650,729
Prior Year Reserves                          (548,190)
Profit & Loss Account                         (50,594)
                                               288,094

Shares in Issue                             47,229,936

ZimNRG plc