31년 2023월 XNUMX일 종료된 기간의 중간 결과
| 월 28 2024 |
| 목표: RUR |
루렐렉 PLC
("Rurelec" 또는 "회사"
그리고 자회사와 함께 "그룹")
31년 2023월 XNUMX일로 종료되는 XNUMX개월 동안의 중간 결과
Rurelec PLC (AIM: RUR), the AIM rule cash shell and owner of Turbines, today announces its unaudited interim results for the six months ended 31 December 2023.
재무 하이라이트 :
· Administrative expenses £0.31 million (restated 6 months to 31 December 2022: £0.48 million (audited 2022 restated £0.89 million);
· Operating loss: £0.32 million (restated 6 months to 31 December 2022: £2.35 million) (audited 2022 restated: £2.79 million);
· Post tax profit: £0.56 million (6 months to 31 December 2022 loss: £2.93 million) (audited 2022 loss: £2.24 million);
· Profit/(Loss) per share: 0.09 pence ((6 months to 31 December 2022: (0.51 pence)) (2022 audited: (0.39 pence));
· Net asset value per share: 1.6 pence (31 December 2022 audited: 2.2 pence);
· Net cash balance: £0.74 million (31 December 2022 audited: £0.50 million).
Following the Company's announcement of 29 December 2023, in which the Directors confirmed they had extended the Company's accounting reference date from 31 December to 30 June, this second set of unaudited interim results for the 6 months ended 31 December 2023, are published in accordance with the Company's regulatory requirements. The Company will publish audited final results for 18 months ended 30 June 2024 by 31 December 2024.
Operational and Post Six Months Highlights:
· 6 month Post-Tax profit of £0.56 million ((6 months to 31/12/2022 loss: £2.93 million) (2022 audited loss: £2.24 million)).
· Administration expenses were £0.31 million ((31/12/2022 6 months restated: £0.48 million) (2022 audited restated: £0.89 million)).
· Other income: £0.03 million ((31/12/2022 6 months: £0.03 million) (2022 audited: £0.03 million)) related to sale of Chilean interests in December 2023 (6 months to 31/12/22 and audited 2022: Directors fee income).
· Discontinued operations, from 31 December 2022 operations in Chile and Argentina are treated as discontinued operations no longer included in Group Financial Statements. From which direct costs, of £0.02 million are expensed in Rurelec PLC (the "Parent").
· Disposal of Chile interest in December 2023 resulted in one off reversal of the foreign currency reserve, £0.96 million.
· In July 2023 a dividend of £1.12 million, was declared and paid.
· Cash balance £0.74 million (2022 audited: £0.49 million).
· Siemens Westinghouse 701 128MW 가스 터빈 발전기("701s") 두 대의 처분에 관한 논의가 계속 진행 중입니다.
전략 업데이트
Having successfully reduced costs, stabilised the Company's financial condition and disposed of the Argentinian and Chilean interests, the Board's strategy is now to seek a reverse takeover through which to generate value for our shareholders, and to give the Company access to further resource thereby allowing more time to achieve a sale of the two Siemens 701 turbines.
While we continue to hold discussions with credible potential purchasers of the turbines, these initiatives are at an early stage following the withdrawal of counterparties to our earlier discussions for reasons unconnected with Rurelec. The timing of any potential sale of the turbines remains highly uncertain owing to the limited demand and infrequent occurrence of projects into which the turbines could be injected.
Following the successful sale of the Argentinian Interests on 9 June 2023, which was a fundamental change of business pursuant to the AIM Rules, the Company was deemed to be an AIM Rule 15 Cash Shell. The Company did not make an acquisition or acquisitions that constituted a reverse takeover under Rule 14 of the AIM Rules for Companies within 6 months of that date and the shares were suspended from trading on AIM on 11 December 2023. The admission of the Company's ordinary shares to trading on AIM will be cancelled on 12 June 2024 if a qualifying acquisition is not completed by Rurelec by that date. The Directors wish to retain the inherent value of the quotation as a mechanism to maximise shareholder value, and therefore finding a suitable acquisition is now a priority. The directors will only pursue acquisition opportunities that are both deliverable and which have a compelling investment case.
We have had held discussions with parties concerning potential fundraisings and acquisition opportunities. It is likely that any acquisition will need to be preceded by a fundraising. There can be no guarantee that any acquisition or fundraise will occur. In addition, the speculative costs associated with an acquisition, while maintaining the admission of Rurelec's ordinary shares to trading on AIM, will deplete cash at a significant rate. Therefore, in the event that funding is not secured in the short term, measures will need to be implemented to preserve the resource available for the disposal of the Turbines, and in the absence of a purchase for use in a power project, a decision to sell them for scrap will need to be made.
결과에 대해 Rurelec의 전무이사인 Andy Coveney는 다음과 같이 말했습니다.
"I am pleased to report that the disposal of the Group's Argentinian investment, brought cash into the Group and created a position whereby the Company was able to make a distribution of £1.12 million in July 2023. This was the first dividend since 2008.
We are in discussions with parties concerning potential fundraisings and acquisition opportunities to optimise the value of the cash shell for shareholders. These are currently progressing, and there can be no guarantee that any transaction will occur, but the Directors are continuing to keep all options under review. Further updates will be provided as appropriate."
더 자세한 정보는 연락 주시기 바랍니다.:
루렐렉 PLC | WH 아일랜드 리미티드 |
앤드류 코베니 집행 이사 | 케이티 미첼 제임스 바비스터 |
+44 (0)7710 836312 | +44 (0)20 7220 1666 |
상무이사 성명
운영 검토
701 터빈
Rurelec continues to pursue the sale of the 701 DU 125MW Turbines into power projects. A number of separate discussions have taken place with third parties with a view to selling the Turbines. Disappointingly a number of earlier discussions were not fruitful, but new interest has emerged. While this is encouraging discussions therefore remain at an early stage and this serves to highlight the complex nature of power projects. It is difficult to predict whether these potential counterparties will be able to enter into head of terms and secure the necessary finance such that a deposit can be paid.
자산 처분
The disposal of Cochrane Power Limited and its Chilean subsidiaries (Rurelec Chile SpA, Rurelec Chile Limitada, Termoelectrica del Norte, S.A. and Central Illapa, S.A.) (together the "Cochrane Group") which were originally formed with the intention of developing, own and operate power stations in Chile, was completed on 8 December 2023 once all the conditions precedent were met and the total consideration of £25k was received.
As previously announced the Group's interests in Argentina were disposed of on 9 June 2023, on receipt of the initial consideration of US$3.0 million. Two additional tranches of US$1.0 million become due should defined conditions be met. The first of these will be triggered in the event of an increase in the remuneration payable by CAMMESA to Energia del Sur, S.A. within 12 months of Completion of the disposal. The economic outlook In Argentina, and the financial operating environment for power companies continues to be uncertain and it is now unlikely that the conditions will be met within the defined timeframe for the first of these additional contingent consideration payments to become due. The second additional contingent payment which relates to maintenance refunds is not due before 36 months after Completion. Both of these were fully provided for in in 30/6/23 Interims and 31/12/23 Interims.
목표 규칙 15
As previously announced the disposal of the Argentinean Interests was a fundamental disposal pursuant to Rule 15 of the AIM Rules for Companies. As such, Rurelec was deemed to be an AIM Rule 15 cash shell. Accordingly, as the Company did not make an acquisition or acquisitions that constituted a reverse takeover under AIM Rule 14 within six months of that date, the Company's shares were suspended from trading on AIM on 11 December 2023. Furthermore, if a qualifying acquisition is not completed by 12 June 2024, the admission of the Company's ordinary shares to trading on AIM will be cancelled.
The Directors are keen, where possible, to retain the listing as a mechanism to maximise shareholder value, by making the Company attractive to potential high-quality acquisitions. This is intended to allow access to the resource necessary to preserve and realise the value of the Turbines which are the Company's largest asset.
Head office
Costs were substantially reduced at £0.31 million ((31/12/2022 6 months restated: £0.48 million) (2022 audited restated: £0.89 million)).
현금 흐름
Rurelec은 담보부채가 전혀 없었으며 결과적으로 이자를 지불할 필요가 없는 위치에 있었습니다.
Balance of £0.74 million is after £1.12 million special dividend paid in July 2023. Balance at 31/12/2022 was £0.49 million.
Given the cash balances held by the Group, there is insufficient headroom in existing working capital resources beyond the summer, and the Company will need to seek funding. The Directors believe that such funding will be available and accordingly 회계의 계속기업기준을 계속 채택합니다.
이사회
요약재무제표가 적용되는 기간 동안 이사회에 변동이 있는 사항은 없습니다.
앤디 코베니
집행 이사
루렐렉 PLC
요약연결손익계산서(미감사)
31년 2023월 XNUMX일로 종료되는 XNUMX개월 동안
(천 파운드로 표시)
|
|
| 감사 | |
노트 | 6 개월 ~ | 6 개월 ~ | 12 개월 ~ | |
| 31/12/2023 | 31/12/2022 | 31/12/2022 | |
£'000 | £'000 | £'000 | ||
Administrative expenses - 6mths 6/22 & 12mths 12/22 restated | 4 | (309) | (447) | (889) |
다른 수입 | 25 | 25 | 25 | |
기타 비용 | (35) | (1,924) | (1,924) | |
운영 손실 |
| (319) | (2,346) | (2,788) |
외환(손실)/이익 | (2) | (525) | 661 | |
중단 영업 손실 | (17) | - | - | |
Loss on Assets Held for Sale - 6mths 12/22 & 12mths 12/22 restated | 4 | (61) | (60) | (109) |
해외사업장 환산차이 | 956 | - | - | |
금융 수입 | 2 | - | - | |
재정 비용 | - | - | - | |
세전 이익 / (손실) |
| 559 | (2,931) | (2,236) |
세금 비용 | - | - | - | |
해당 기간의 이익 / (손실) |
| 559 | (2,931) | (2,236) |
Profit / (Loss) per share pence | 3 | 0.09p | (0.51p) | (0.39p) |
기타 포괄 손익 | ||||
향후 손익으로 재분류되는 항목은 다음과 같습니다. |
|
| ||
해외사업장 환산차이 | (956) | (391) | (122) | |
기타포괄비용 합계 |
| (956) | (391) | (122) |
해당 기간의 총포괄손실 |
| (397) | (3,322) | (2,358) |
__________________
루렐렉 PLC
요약 연결재무상태표(미감사)
31년 2023월 XNUMX일로 종료되는 XNUMX개월 동안
(천 파운드로 표시)
|
| 감사 | |
| 31/12/2023 | 31/12/2022 | |
노트 | £'000 | £'000 | |
자산 |
| ||
비유동 자산 |
| ||
재산, 식물 및 장비 | - | - | |
합작투자 투자 | - | - | |
매출 채권 및 기타 채권 | - | - | |
매각예정자산 |
| 7,773 | 10,108 |
유동 자산 | |||
매출 채권 및 기타 채권 | 97 | 91 | |
현금 및 현금성 자산 | 738 | 449 | |
| 835 | 540 | |
총자산 |
| 8,608 | 10,648 |
자산 및 부채 |
| ||
주주 지분 |
| ||
주식 자본 | 5,614 | 5,614 | |
프리미엄 계정 공유 | - | - | |
외환보유고 | - | 956 | |
손익 적립금 | 2,567 | 3,582 | |
총 자본 |
| 8,181 | 10,152 |
|
| ||
유동 부채 | |||
매입 채무 및 기타 채무 | 421 | 496 | |
현재 세금 부채 | 6 | - | |
|
| 427 | 496 |
총 부채 |
| 427 | 496 |
| |||
총 지분 및 부채 |
| 8,608 | 10,648 |
___________
루렐렉 PLC
요약연결자본변동표(미감사)
31년 2023월 XNUMX일로 종료되는 XNUMX개월 동안
(천 파운드로 표시)
___
자본금 £'000 | 외화 준비금 £'000 | 이익잉여금 £'000 | 총 자기자본 £'000 | |
30.06.22에서 균형 | 5,614 | 1,347 | 6,513 | 13,474 |
기간 동안의 손실 | - | - | (2,931) | (2,931) |
번역 차이 교환 | - | (391) | - | (391) |
총 포괄 손실 | - | (391) | (2,931) | (3,322) |
31.12.22에서 균형 | 5,614 | 956 | 3,582 | 10,152 |
처음 6개월간 손실 | - | - | (454) | (454) |
번역 차이 교환 | - | - | - | - |
총 포괄 손실 | - | - | (454) | (454) |
30.06.23에서 균형 | 5,614 | 956 | 3,128 | 9,698 |
소유자와의 거래: | ||||
지분배당 | - | - | (1,120) | (1,120) |
소유자와의 총 거래 | - | - | (1,120) | (1,120) |
Loss for the second 6 months | - | - | (397) | (397) |
번역 차이 교환 | - | (956) | 956 | - |
총 포괄 손실 | - | (956) | 559 | (397) |
31.12.23에서 균형 | 5,614 | - | 2,567 | 8,181 |
루렐렉 PLC
요약연결현금흐름표(미감사)
31년 2023월 XNUMX일로 종료되는 XNUMX개월 동안
(천 파운드로 표시)
__
|
| 감사 | |
6 개월 ~ | 6 개월 ~ | 12 개월 ~ | |
31/12/23 | 31/12/22 | 31/12/22 | |
Result for the period before tax from operations | 559 | (2,931) | (2,236) |
순 금융 비용 | - | - | - |
다음에 대한 조정 : | |||
미실현 환차손 / (이익) | 2 | 1,034 | (160) |
대출/투자에 대해 적으세요. | - | 1,679 | 1,679 |
중단 된 운영 | 17 | - | - |
매출채권 및 기타채권의 변동 | 89 | (411) | (220) |
거래 및 기타 미지급금의 변경 | (106) | 257 | 25 |
영업 활동에 사용 된 현금 | 557 | (372) | (912) |
납부한 세금 | - | - | - |
Net cash generated from / (used) in operating activities | 557 | (372) | (912) |
투자 활동으로 인한 현금 흐름 | |||
합작회사로부터의 상환 | - | (75) | 599 |
Reversal of foreign exchange translation reserve | (956) | - | - |
합작 투자 매각으로 인한 순수익 | - | - | - |
Net cash (used) in / generated from investing activities | (956) | (75) | 599 |
재무활동 전 순현금유출 | (399) | (447) | (313) |
금융 활동으로 인한 현금 흐름 | |||
배당금 지급 | (1,120) | - | - |
대출이자 상환 | - | - | - |
금융 활동에 사용 된 순 현금 | (1,120) | - | - |
현금 및 현금성 자산의 감소 | (1.519) | (447) | (313) |
기간 시작의 현금 및 현금성 자산 | 2,257 | 879 | 745 |
기말의 현금 및 현금성 자산 | 738 | 432 | 432 |
루렐렉 PLC
임시보고서에 대한 참고사항
31년 2023월 XNUMX일로 종료되는 XNUMX개월 동안
1. 준비의 기초
These condensed consolidated interim financial statements do not constitute statutory accounts within the meaning of Section 435 of the Companies Act 2006. The comparative figures for the year ended 31 December 2022 were derived from the statutory accounts for that year which have been delivered to the Registrar of Companies. The financial information contained in this interim statement has been prepared in compliance with International Financial Reporting Standards ("IFRSs") and in accordance with international accounting standards in conformity with the requirements of the Companies Act 2006 and expected to apply to the Group's results for the year ending 30 June 2024 and on interpretations of those Standards released to date.
2. 회계정책
이 요약연결 중간재무제표는 31년 2022월 XNUMX일 종료되는 회계연도의 연결재무제표에 명시된 회계정책에 따라 작성되었습니다.
3. 주당순이익
6 개월 ~ | 6 개월 ~ | 12 개월 ~ | |
| 31/12/2023 | 31/12/2022 | 31/12/2022 |
기본 및 희석 | |||
평균 주식수 | 561m | 561m | 561m |
해당 기간 동안 문제가 되는 | |||
Profit / (Loss) attributable to equity holders of the parent from continuing operations | £ 0.56m | (2.93만 파운드) | (2.24만 파운드) |
Basic and diluted profit / (loss) per share on continuing operations | |||
0.09p | (0.51p) | (0.39p) |
주식인도를 통해 결제될 수 있는 발행 금융상품(2022년: 없음)은 없습니다.
4. Restatement of comparative administrative expenses
| 감사 | |
6 개월 ~ | 12 개월 ~ | |
31/12/2022 | 31/12/2022 | |
£'000 | £'000 | |
Administrative expenses - as reported | (507) | (998) |
Transfer to Other Expense: | ||
Loss on Assets Held for Sale | 60 | 109 |
Administrative expenses - as restated | (447) | (889) |
Operating loss - as reported | (381) | (2,897) |
Transfer from Administrative expenses | (60) | (109) |
5. The Board of Directors approved this interim statement on 28 March 2024. This interim statement has not been audited.
6. Copies of this statement are available at the Company's website www.rurelec.com
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