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WEBIS HOLDINGS PLC
Report Publication Announcement • Nov 27, 2020
8017_rns_2020-11-27_471dcc9f-4dcb-4332-99d1-5acf5bb14117.html
Report Publication Announcement
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National Storage Mechanism | Additional information 
RNS Number : 7848G
Webis Holdings PLC
27 November 2020
27 November 2020
Webis Holdings plc
("Webis" or the "Company")
Delay in publication of the Annual Report and Consolidated Financial Statements for the year ended 31 May 2020 and Trading Update
The board of Webis hereby notifies shareholders that the completion of the audit of the accounts for the Company, for the year ended 31 May 2020 (the "Accounts") are delayed due to a Covid-19 related issue. Unfortunately, one of the Company's US bankers is suffering from a considerable backlog as a result of the pandemic and is unlikely to be able to provide the verification required to complete the audit by 30 November 2020. The Board is confident that the verification is merely a matter of procedure only and will occasion no change to the Accounts which are anticipated to contain an unqualified audit report. Accordingly, the Company has agreed with AIM an extension to 28 February 2021 for the publication deadline of its Accounts. Every effort is being made to complete the Accounts as soon as possible and they will be published via RNS thereafter.
Meanwhile, the board of Webis provides the following unaudited trading update for the year-ended 31 May 2020: -
Consolidated Statement of Comprehensive Income
For the year ended 31 May 2020
| 2020 US$000 |
2019 US$000 |
|||
|---|---|---|---|---|
| Amounts wagered | 105,325 | 136,353 | ||
| Turnover | 43,436 | 47,259 | ||
| Cost of sales | (38,820) | (42,625) | ||
| Betting duty paid | (83) | (146) | ||
| Gross profit | 4,533 | 4,488 | ||
| Operating costs | (4,908) | (5,277) | ||
| Impairment loss on trade receivables | (18) | (67) | ||
| Re-organisational and other costs | (28) | (54) | ||
| Other losses | (29) | (166) | ||
| Government grant | 48 | - | ||
| Other income | 212 | 187 | ||
| Operating loss | (190) | (889) | ||
| Finance costs | (94) | (41) | ||
| Loss before income tax | (284) | (930) | ||
| Income tax expense | - | - | ||
| Loss for the year | (284) | (930) | ||
| Other comprehensive income: | ||||
| Items that may be subsequently reclassified to profit or loss: | ||||
| Currency translation differences on disposal of foreign subsidiaries | - | - | ||
| Other comprehensive income for the year | - | - | ||
| Total comprehensive income for the year | (284) | (930) | ||
| Basic earnings per share for loss attributable to the equity holders of the Company during the year (cents) | (0.07) | (0.24) | ||
| Diluted earnings per share for loss attributable to the equity holders of the Company during the year (cents) | (0.07) | (0.23) | ||
Statements of Financial Position
As at 31 May 2020
| 31.05.20 Group US$000 |
31.05.20 Company US$000 |
31.05.19 Group US$000 |
31.05.19 Company US$000 |
|
|---|---|---|---|---|
| Non-current assets | ||||
| Intangible assets | 30 | - | 104 | 7 |
| Property, equipment and motor vehicles | 415 | 7 | 26 | 10 |
| Investments | - | 2 | - | 3 |
| Bonds and deposits | 101 | - | 101 | - |
| Total non-current assets | 546 | 9 | 231 | 20 |
| Current assets | ||||
| Bonds and deposits | 882 | - | 882 | - |
| Trade and other receivables | 1,256 | 463 | 1,191 | 427 |
| Cash and cash equivalents | 3,969 | 1,780 | 2,594 | 1,416 |
| Total current assets | 6,107 | 2,243 | 4,667 | 1,843 |
| Total assets | 6,653 | 2,252 | 4,898 | 1,863 |
| Equity | ||||
| Called up share capital | 6,334 | 6,334 | 6,334 | 6,334 |
| Share option reserve | 42 | 42 | 42 | 42 |
| Retained losses | (5,508) | (5,526) | (5,224) | (5,412) |
| Total equity | 868 | 850 | 1,152 | 964 |
| Current liabilities | ||||
| Trade and other payables | 3,749 | 52 | 2,896 | 49 |
| Deferred income | 272 | - | - | - |
| Loans, borrowings and lease liabilities | 97 | - | - | - |
| Total current liabilities | 4,118 | 52 | 2,896 | 49 |
| Non-current liabilities | ||||
| Loans, borrowings and lease liabilities | 1,667 | 1,350 | 850 | 850 |
| Total non-current liabilities | 1,667 | 1,350 | 850 | 850 |
| Total liabilities | 5,785 | 1,402 | 3,746 | 899 |
| Total equity and liabilities | 6,653 | 2,252 | 4,898 | 1,863 |
This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
For further information: -
| Webis Holdings plc | Beaumont Cornish Limited |
| Denham Eke Tel: +44 (0) 1624 639396 |
Roland Cornish/James Biddle Tel: +44 (0) 20 7628 3396 |
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