Final Results
2007年4月5日 - 10:24PM
ＲＮＳを含む英国規制内ニュース （英語）
RNS Number:5149U
Shoprite Group PLC
05 April 2007
SHOPRITE GROUP P.L.C.
PRELIMINARY RESULTS
TO
30 DECEMBER 2006
CHAIRMAN'S STATEMENT
PRELIMINARY RESULTS FOR THE 52 WEEKS ENDED 30 DECEMBER 2006
Group turnover, including concession sales, for the period ended 30 December
2006 amounted to #70.3m, an increase of approximately 7% by comparison to the
previous period. This enabled the Group to return an operating profit of
#415,000, by comparison to an operating loss of #82,000 for the same period last
year.
Grocery retailing
As mentioned in my interim statement, the remodelling of the former Safeway
store in the heart of Douglas was completed at the end of the year, and
relaunched as "ShopriteSelect". The remodelled store has allowed the
introduction of exciting offerings from Wilkinson, COOK, & Subway alongside our
established ranges from Waitrose, Iceland, & Tchibo to provide a unique
experience which we believe provides "everything the town centre wants" under
one roof.
Although the grocery market remains highly competitive, the traditional Shoprite
stores continued to perform well, with customers appreciating the mix of Manx
produce, regional speciality products and national brands.
Motor retailing
Motor retailing has performed well and has provided an important contribution to
Group results. We continue to benefit from the ongoing new model development
programme announced by Mercedes Benz, and believe that this will provide
encouraging sales opportunities in the future.
Property
Our property division has continued to operate with high occupancy levels in
both the Village Walk Shopping Centre and the Summerhill Village complex.
PLUS Market
The Company announces today that it has applied to have its shares traded on the
PLUS Market which is an independent equity market for small and mid-cap
companies. As there is no additional cost or regulatory obligations on the
Company, it is anticipated that shareholders will welcome any resultant
increased trading from this move.
Following this application, a Special Resolution is proposed to update Article
53 of the Company's Articles of Association to clarify the applicable price if
there is a difference between the mid-market quotations on the two markets.
Outlook
For a number of years, Isle of Man consumers have benefited from a highly
competitive grocery market and it is anticipated that this position will
continue. The Directors have therefore placed a high priority on the continued
development and upgrading of our retail infrastructure, and as a result, we
believe that Shoprite is well placed to continue to deliver value to the Isle of
Man consumer within a quality retail environment.
I would like to take this opportunity to thank all colleagues throughout the
Group for their hard work and loyalty during the year and for their support in
facing the challenges ahead.
Deryck Nicholson
Chairman
4 April 2007
SHOPRITE GROUP P.L.C.
GROUP PROFIT AND LOSS ACCOUNT (UNAUDITED)
52 weeks 52 weeks
Ended Ended
30 December 2006 31 December 2005
#000 #000
Turnover including concession sales 70,261 65,820
Concession sales (10,170) (9,386)
Turnover excluding concession sales 60,091 56,434
Operating profit / (loss) 415 (82)
Net interest payable (808) (776)
Loss on ordinary activities before taxation (393) (858)
Taxation - -
Loss on ordinary activities after taxation (393) (858)
Dividends on ordinary shares - -
Retained Loss (393) (858)
Loss per share (basic and fully diluted) (note 1) (0.518)p (1.127)p
SHOPRITE GROUP P.L.C.
GROUP BALANCE SHEET (UNAUDITED)
Restated
As at 30 December 2006 31 December 2005
#000 #000
Fixed assets
Intangible fixed assets 5 -
Tangible fixed assets 21,726 22,048
Investment properties 7,875 7,145
Investment land held for development 2,050 1,900
Other investments 2 2
31,658 31,095
Current assets
Stocks 5,693 5,395
Debtors and prepayments 2,484 1,941
Cash at bank and in hand 365 1,291
Cash held in blocked deposit - 150
8,542 8,777
Creditors: amounts falling due within
one year (9,272) (9,932)
Net current liabilities (730) (1,155)
Total assets less current liabilities 30,928 29,940
Creditors: amounts falling due after
more than one year (11,231) (10,504)
Net assets 19,697 19,436
Capital and reserves
Share capital 3,715 3,809
Reserves 15,982 15,627
Equity shareholders' funds 19,697 19,436
SHOPRITE GROUP P.L.C.
GROUP CASH FLOW STATEMENT
52 weeks ended 52 weeks ended
30 December 2006 31 December 2005
#000 #000
Cash inflow from operating activities 1,101 2,211
Returns on investments and servicing of finance
(953) (719)
Taxation - -
Capital expenditure and financial investment (817) (3,479)
Financing (297) 3,285
(Decrease)/increase in cash in period (966) 1,298
Reconciliation of net cash flow to movement in net debt
2006 2005
#000 #000 #000 #000
(Decrease)/increase in cash in period (966) 1,298
Cash inflow from net increase in debt and HP and
lease finance 297 (3,285)
Change in net debt resulting from cash flows (669)
(1,987)
Other non cash changes
Net inception of HP and finance leases (242) (240)
Movement in net debt in the period (911) (2,227)
Net debt brought forward (11,287) (9,060)
Net debt carried forward (12,198) (11,287)
Reconciliation of operating profit to operating cash flows
2006 2005
#000 #000
Operating profit/(loss) 415 (82)
Depreciation 1,451 1,350
(Surplus)/loss on fixed assets (8) 17
Increase in stock (298) (84)
(Increase)/decrease in operating debtors (543) (390)
Increase in operating creditors 84 1,400
Net cast inflow from operating activities 1,101 2,211
Group statement of total recognised gains and losses
52 weeks ended 52 weeks ended
30 December 2006 31 December 2005
#000 #000
Unrealised gain on revaluation of investment properties
held for development 870 473
Loss for the period (393) (858)
477 (385)
Prior year adjustment (see note 2) (632)
(155)
NOTES
1. The loss per share is based on the loss after tax of #393,000 (2005
loss #858,000) and an average of 75,923,461Ordinary Shares in issue for the
period (2005 76,149,106)
2. The Group has made an adjustment to correct an accounting error in a
prior year which led to an overstatement of the value of a specific property.
The error affects fixed assets and retained reserves brought forward but has no
effect on the current period. The affect on the opening balances is detailed
below.
Tangible Revenue
Fixed Assets Reserves
#000 #000
Balance as at 1 January 2006 before prior year adjustment 22,680 3,162
Prior year adjustment (632) (632)
Balance as at 1 January 2006 after prior year adjustment 22,048 2,530
3. The financial information set out in this statement does not
constitute the company's statutory accounts for the 52 weeks end 30 December
2006 and 52 weeks ended 31 December 2005. The auditors have reported on the 2005
accounts and their report was unqualified. The statutory accounts for the 52
weeks ended 30 December 2006 will be finalised on the basis of the financial
information presented by the directors in this preliminary announcement.
4. A copy of the full report and accounts will be submitted to the AIM
Team and copies will also be despatched to shareholders.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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