CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME for the period ended 31 March 2012


16 month period ended 31 March 2012

Year ended 30 November 2010


note

£

£





Revenue


2346404

326550

Cost of sales


1699896

1104025

Gross profit/(loss)


646508

(777475)

Administrative expenses


251509

156749

Underlying operating profit / (loss)*


394999

(934224)

Costs of acquisition


29500

–

Deemed cost of listing

4

261575

–

Operating profit/(loss)


103924

(934224)

Profit/(loss) before interest


103924

(934224)

Other interest receivable and similar income

2

137858

92941

Finance costs


33163

61817

Profit/(loss) before taxation


208619

(903100)

Tax payable on profit on ordinary activities

6

155

–

Profit/(loss) after taxation for the period


208464

(903100)

Other comprehensive income


–

–

Total comprehensive income for the period


208464

(903100)

Profit/(loss) attributable to:




Equity holders of the parent


208464

(903100)

Total comprehensive income for the period attributable to:




Equity holders of the parent


208464

(903100)

PROFIT/(LOSS) PER ORDINARY SHARE:




Basic/Diluted

7

0.1p

(0.47)p

* Operating profit before non-recurring items, costs of acquisition and deemed cost of listing

All results in the current and preceding financial period derive from continuing operations.

The notes are an integral part of these consolidated financial statements.

Annual report & consolidated financial statements 2012