Anemoi International Ltd — Earnings Release 2020

Jun 24, 2021

National Storage Mechanism | Additional information

RNS Number : 0684D

Anemoi International Ltd

24 June 2021

24 June 2021

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Anemoi International Ltd

(Reuters: AMOI.L, Bloomberg: AMOI:LN)

("Anemoi" or the "Company")

Final Results for the period 6 May 2020 to 31 December 2020 and Notice of AGM

Further to the announcement released by the Company on 29 April 2021, the Board of Anemoi is pleased to announce that its final audited results for the period 6 May 2020 to 31 December 2020, Notice of Annual General Meeting and Form of Proxy have been published and are now available on the Company's website at www.anemoi-international.com.

The principal elements of the Final Results are reproduced below:

INCOME STATEMENT
for the period ended 31 December 2020
	2020 GBP
Continuing Operations
Revenue	-
Cost of sales	-
Gross profit / (loss)	-
Administrative expenses excluding exceptional costs	(102,747)
Exceptional administration costs	(88,817)
Total administrative expenses	(191,564)
Operating loss	(191,564)
Net financial income/(expense)	(3,733)
Profit/(loss) before taxation	(195,297)
Taxation	-
Profit/(loss) for the period	(195,297)
Earnings per share - GBP (using weighted average number of shares)
Basic and Diluted - Continuing Operations	(0.01)
Basic and Diluted	(0.01)

STATEMENT OF COMPREHENSIVE INCOME
for the period ended 31 December 2020	2020 GBP
Profit for the financial year	(195,297)
Other comprehensive income:
Exchange differences on re-translating foreign operations	9,390
Total comprehensive income	(185,907)
Attributable to:
Equity shareholders of the parent	(185,907)
Non-Controlling interest	-
Total Comprehensive income	(185,907)

STATEMENT OF FINANCIAL POSITION as at 31 December 2020
Assets	2020 GBP
Current assets
Cash and cash equivalents	878,642
Total current assets	878,642
Liabilities Current liabilities
Trade and other payables	21,101
Total current liabilities	21,101
Net current assets	857,541
Non-current liabilities
Long term debt	164,263
Total non-current liabilities	164,263
Net assets	693,278
Shareholders' Equity
Share capital	804,855
Other reserves - warrant options	74,330
Foreign exchange reserve	9,390
Retained earnings	(195,297)
Total shareholders' equity	693,278
Total equity	693,278

CASH FLOW STATEMENT
for the period ended 31 December 2020
	2020 GBP
Cash flows from operating activities
Profit/(Loss) for the period before taxation	(191,564)
Increase in trade and other payables	21,101
Cash generated by operations	(170,463)
Cash flows from financing activities
Interest Paid	(2,357)
Issue of ordinary share capital	879,185
Parent company loan issuance/(repayment)	164,263
Net cash flow from financing activities - continuing operations	1,041,091
Net increase in cash and cash equivalents	870,628
Cash and cash equivalents at the start of the period	-
Effects of foreign exchange rate changes	8,014
Cash and cash equivalents at the end of the period	878,642

STATEMENT OF CHANGES IN  EQUITY

for the period ended 31 December 2020

Attributable to owners of the Company

			Foreign		Total
	Share	Other	Exchange	Retained	Shareholders
	Capital	Reserves	Reserves	Earnings	Equity
Opening Balance	£ -	£ -	£ -	£ -	£ -
Issuance of Share Capital	879,185	-	-	-	879,185
Other Reserves - Warrant Options	(74,330)	74,330	-	-	-
Total comprehensive income for the period	-	-	9,390	(195,297)	(185,907)
Balance as at 31 December 2020	804,855	74,330	9,390	(195,297)	693,278

ACCOUNTING POLICIES

The Company prepares its accounts in accordance with applicable International Financial Reporting Standards ("IFRS") as adopted by the European Union.

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For further information, please contact:

Enquiries:
Anemoi International Ltd
Duncan Soukup (Chairman)	+33 (0)6 78 63 26 89

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