Unaudited Interim Accounts for the period to 31st August
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
Salaries & fees (20,705)
Employers NI 0
Travelling & Research (3,864)
Legal & Professional Fees (28,012)
General Expenses (1,091)
Loss for the Period (50,594)
BALANCE SHEET At August
Bank Balances 155,313
Share Capital 236,150
Share Premium 650,729
Prior Year Reserves (548,190)
Profit & Loss Account (50,594)
Shares in Issue 47,229,936