30/10/2012
GB00B3DBY868/GBP/PLUS-exn
STORYBOARD ASSETS PLC
("Storyboard" or the "Company")
Unaudited Interim Results for the six months ended 31 July 2012
Today's interim results cover the 6 month period to 31st July 2012. The losses recorded reflect the loss on
disposal of artworks together with a write-down of the remaining assets, the majority of which are to be
offered for sale at Sothebys in December.
Marcus Yeoman
Chairman
STORYBOARD ASSETS PLC
INTERIM UNAUDITED ACCOUNTS FOR 6 MONTHS PERIOD ENDED 31 JULY 2012
PROFIT & LOSS
Period Period
01/02/2012 01/02/2011
to to
31/07/2012 31/07/2011
£ £
Turnover
- -
Administrative Expenses 14,555
22,611
OPERATING LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION (14,555) (22,611)
Loss on Sale and Diminution in Value of Investments (151,140)
LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION (165,695) (22,611)
Tax on Loss of Ordinary Activities
- -
LOSS FOR THE FINANCIAL PERIOD
AFTER TAXATION (165,695) (22,611)
Basic Loss Per Share (pence) (1.83)
(13.40)
STORYBOARD ASSETS PLC
BALANCE SHEET AS AT 31 JULY 2012
31/07/2012 31/07/2011
£ £
FIXED ASSETS
Tangible Assets 244 365
Investments 151,655 385,006
Diminution in Value of Investments (91,655) 0
60,244 385,371
CURRENT ASSETS
Debtors 159,891 6,035
Directors Current Account (3,979) (16)
Cash at Bank and in Hand (0) 55
155,912 6,075
CREDITORS
Amounts falling due within one year 5,250 4,000
NET CURRENT (LIABILITIES)/ASSETS 150,662 2,075
TOTAL ASSETS LESS CURRENT LIABILITIES 210,906 387,445
CAPITAL AND RESERVES
Called Up Share Capital 247,230 247,230
Share Premium 404,014 404,014
Profit and Loss Account (440,338) (263,799)
SHAREHOLDERS FUNDS 210,906 387,445
The results for the 6 months ended 31 July 2012 have not been reviewed by the Company's auditors.
The Directors of Storyboard are responsible for the contents of this announcement.
Enquiries:
Company:
Storyboard Assets Plc
Luke Heron
Tel: 07912 044 941
Corporate Adviser:
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Tel: 020 7368 6959