TIDMTSEG 
 
RNS Number : 4546T 
TSE Group PLC 
29 September 2010 
 

 
For Immediate Release 
                                                               29 September 2010 
 
                                  TSE Group plc 
                    ("TSE" or "the Company" or "the Group") 
                                Interim Results 
 
 
The Board of TSE is pleased to announce the Company's interim results for the 
six months ended 30 June 2010. 
 
CHAIRMAN'S STATEMENT 
 
Group revenues for the period were GBP817,838 (2009: GBP818,212) which was in 
line with the same period last year, and resulted in a profit before tax of 
GBP36,237, compared to GBP101,361 for the same period in 2009. As at 30 June 
2010 the Company had a net overdraft of GBP103,736 (31 December 2009: net cash 
GBP48,997). 
As previously announced, the Group has won a number of high profile new clients 
this year, particularly in the area of Sports Performance. 
 
Despite these successes, during the period under review, margins have been under 
pressure and this has impacted on the interim results. In particular, a number 
of our international offices have underperformed in the second quarter, which is 
disappointing and we are currently reviewing this situation. 
 
As I stated in my last statement we are still talking to a number of sports 
related businesses, which may acquire or merge with TSE Consulting SA and as and 
when we have any further developments shareholders will be kept fully updated. 
 
 
Adam Reynolds 
Chairman 
 
For further information, please contact: 
+---------------------------------+-------------------------+ 
| TSE Group plc                   | Tel: +44 (0) 207 245    | 
|                                 | 1100                    | 
+---------------------------------+-------------------------+ 
| Paul Foulger, Finance Director  |                         | 
| www.tsegroupplc.com             |                         | 
+---------------------------------+-------------------------+ 
| Zeus Capital Limited            | Tel: +44 (0) 161 831    | 
|                                 | 1512                    | 
+---------------------------------+-------------------------+ 
| Ross Andrews / Tom Rowley       |                         | 
+---------------------------------+-------------------------+ 
 
 
 
TSE GROUP PLC 
 
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 
FOR THE 6 MONTHS ENDED 30 JUNE 2010 
 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        | Notes | Unaudited | | Unaudited |          |     Audited | 
|                        |       |           | |  6 months |          |        Year | 
|                        |       |  6 months | |  ended 30 |          |       ended | 
|                        |       |  ended 30 | | June 2009 |          |          31 | 
|                        |       | June 2010 | |           |          |    December | 
|                        |       |           | |           |          |        2009 | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       | GBP       | |       GBP |          |         GBP | 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Revenue                |     2 |   817,838 | |   818,212 |          |   1,577,617 | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Operating costs        |       | (770,981) | | (707,805) |          | (1,741,712) | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Operating              |       |    46,857 | |   110,407 |          |   (164,095) | 
| profit/(loss)          |       |           | |           |          |             | 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Finance revenue        |       |     2,125 | |     7,459 |          |         691 | 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Finance costs          |       |  (12,709) | |  (16,505) |          |     (2,481) | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Profit/(loss) before   |       |    36,273 | |   101,361 |          |   (165,885) | 
| taxation               |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Taxation               |       |   (4,213) | |  (27,522) |          |          45 | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Profit/(loss) for the  |       |    32,060 | |    73,839 |          |   (165,840) | 
| year                   |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Other comprehensive    |       |           | |           |          |             | 
| income                 |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Exchange differences   |       |           | | (346,640) |          |   (199,698) | 
| on translating foreign |       |   232,915 | |           |          |             | 
| operations             |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Total comprehensive    |       |           | | (272,801) |          |   (365,538) | 
| income/(losses) for    |       |   264,975 | |           |          |             | 
| the year               |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
|                        |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Earnings per share     |       |           | |           |          |             | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
| Basic and diluted      |     3 |    0.004p | |     0.01p |          |     (0.02p) | 
+------------------------+-------+-----------+-+-----------+----------+-------------+ 
 
TSE GROUP PLC 
 
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 
AS AT 30 JUNE 2010 
 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |   Unaudited |          |   Unaudited |          |     Audited | 
|                            |          |    as at 30 |          |    as at 30 |          |    as at 31 | 
|                            |          |   June 2010 |          |        June |          |    December | 
|                            |          |             |          |        2009 |          |        2009 | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |         GBP |          |         GBP |          |         GBP | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Non-current assets         |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Intangible assets          |          |   2,422,210 |          |   2,177,988 |          |   2,312,269 | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Property, plant and        |          |      55,143 |          |      45,668 |          |      54,925 | 
| equipment                  |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |   2,477,353 |          |   2,223,656 |          |   2,367,194 | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |             |          |             |          |             | 
| Current assets             |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Trade and other            |          |     729,321 |          |     690,444 |          |     441,534 | 
| receivables                |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Cash and cash equivalents  |          |       2,814 |          |      69,461 |          |      48,997 | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |     732,135 |          |     759,905 |          |     490,531 | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Current liabilities        |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Trade and other payables   |          |   (347,597) |          |   (413,440) |          |   (371,615) | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Bank overdraft             |          |   (106,550) |          |           - |          |           - | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |   (454,147) |          |   (413,440) |          |   (371,615) | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Net current assets         |          |     277,988 |          |     346,465 |          |     118,916 | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Total assets less current  |          |   2,755,341 |          |   2,570,121 |          |   2,486,110 | 
| liabilities                |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Equity                     |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Issued share capital       |          |   1,457,600 |          |   1,457,600 |          |   1,457,600 | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Shares to be issued        |          |     136,000 |          |     136,000 |          |     136,000 | 
| reserve                    |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Share premium account      |          |   2,791,920 |          |   2,791,920 |          |   2,791,920 | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Retained losses            |          | (2,483,751) |          | (2,289,114) |          | (2,520,067) | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Translation reserve        |          |     853,572 |          |     473,715 |          |     620,657 | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
| Shareholders' funds        |          |   2,755,341 |          |   2,570,121 |          |   2,486,110 | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
|                            |          |             |          |             |          |             | 
+----------------------------+----------+-------------+----------+-------------+----------+-------------+ 
 
 
 
TSE GROUP PLC 
 
CONSOLIDATED CASH FLOW STATEMENT 
FOR THE 6 MONTHS ENDED 30 JUNE 2009 
 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          | Unaudited |          | Unaudited |          |   Audited | 
|                                  |          |  6 months |          |           |          |   Year to | 
|                                  |          |  ended 30 |          |  6 months |          |        31 | 
|                                  |          | June 2010 |          |  ended 30 |          |  December | 
|                                  |          |           |          | June 2009 |          |      2009 | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |       GBP |          |       GBP |          |       GBP | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Cash flow from operating         |          |           |          |           |          |           | 
| activities                       |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Operating profit/(loss)          |          |    46,857 |          |   110,407 |          | (164,095) | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Adjusted for:                    |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Depreciation                     |          |     1,894 |          |     7,900 |          |    41,336 | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| (Increase)/decrease in trade and |          | (287,787) |          | (137,984) |          |   110,926 | 
| other receivables                |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Decrease in trade and other      |          |  (24,018) |          |  (50,716) |          |  (23,112) | 
| payables                         |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Share based payments             |          |     4,256 |          |     8,726 |          |    17,452 | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Tax (paid)/refunded              |          |   (4,213) |          |         - |          |        45 | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Net cash outflow from operating  |          | (263,011) |          |  (61,667) |          |  (17,448) | 
| activities                       |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Cash flows from investing        |          |           |          |           |          |           | 
| activities                       |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Purchase of property, plant and  |          |         - |          |  (15,349) |          |  (60,645) | 
| equipment                        |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Interest received                |          |     2,125 |          |     7,459 |          |       691 | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Interest paid                    |          |  (12,709) |          |  (16,505) |          |   (2,481) | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Net cash outflow from investing  |          |  (10,584) |          |  (24,395) |          |  (62,435) | 
| activities                       |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |           |          |           |          |           | 
| Net decrease in cash & cash      |          | (273,595) |          |  (86,062) |          |  (79,883) | 
| equivalents                      |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Opening cash & cash equivalents  |          |    48,997 |          |   155,523 |          |   155,523 | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Effect of exchange rate changes  |          |   120,862 |          |         - |          |    26,643 | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Closing cash & cash equivalents  |          | (103,736) |          |    69,461 |          |    48,997 | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                  |          |           |          |           |          |           | 
+----------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
TSE GROUP PLC 
 
STATEMENT OF CHANGES IN EQUITY 
FOR THE 6 MONTHS ENDED 30 JUNE 2010 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          | Shares  |          |           |          |   Profit    |          |             |          |           | 
|                 |          |  Share    |          |  to be  |          |  Share    |          |    and      |          |Translation  |          |  Total    | 
|                 |          |  Capital  |          | Issued  |          |  Premium  |          |    Loss     |          |  reserve    |          |  equity   | 
|                 |          |           |          |Reserve  |          |           |          |  account    |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |    GBP    |          |  GBP    |          |    GBP    |          |    GBP      |          |    GBP      |          |    GBP    | 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| Balance at 1    |          | 1,457,600 |          | 136,000 |          | 2,791,920 |          | (2,371,679) |          |     820,355 |          | 2,834,196 | 
| January 2009    |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| Profit for the  |          |         - |          |       - |          |         - |          |      73,839 |          |           - |          |    73,839 | 
| period          |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| IFRS2 charge -  |          |           |          |         |          |           |          |             |          |             |          |           | 
| Credited to     |          |         - |          |       - |          |         - |          |       8,726 |          |           - |          |     8,726 | 
| reserves        |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| Exchange        |          |         - |          |       - |          |         - |          |           - |          |   (346,640) |          | (346,640) | 
| difference      |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| Balance at 30   |          | 1,457,600 |          | 136,000 |          | 2,791,920 |          | (2,289,114) |          |     473,715 |          | 2,570,121 | 
| June 2009       |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| Loss for the    |          |         - |          |       - |          |         - |          |   (239,679) |          |           - |          | (239,679) | 
| period          |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| IFRS2 charge -  |          |           |          |         |          |           |          |             |          |             |          |           | 
| Credited to     |          |         - |          |       - |          |         - |          |       8,726 |          |           - |          |     8,726 | 
| reserves        |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| Exchange        |          |         - |          |       - |          |         - |          |           - |          |     146,942 |          |   146,942 | 
| difference      |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| Balance at 31   |          | 1,457,600 |          | 136,000 |          | 2,791,920 |          | (2,520,067) |          |     620,657 |          | 2,486,110 | 
| December 2009   |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| Profit for the  |          |         - |          |       - |          |         - |          |      32,060 |          |           - |          |    32,060 | 
| period          |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| IFRS2 charge -  |          |           |          |         |          |           |          |             |          |             |          |           | 
| Credited to     |          |         - |          |       - |          |         - |          |       4,256 |          |           - |          |     4,256 | 
| reserves        |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| Exchange        |          |         - |          |       - |          |         - |          |           - |          |     232,915 |          |   232,915 | 
| difference      |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
| Balance at 30   |          | 1,457,600 |          | 136,000 |          | 2,791,920 |          | (2,483,751) |          |     853,572 |          | 2,755,341 | 
| June 2010       |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
|                 |          |           |          |         |          |           |          |             |          |             |          |           | 
+-----------------+----------+-----------+----------+---------+----------+-----------+----------+-------------+----------+-------------+----------+-----------+ 
TSE GROUP PLC 
 
NOTES TO THE INTERIM UNAUDITED FINANCIAL STATEMENTS 
 
1.     General Information 
 
TSE Group plc is a public limited company incorporated in the United Kingdom 
(Registration Number 05353387). The address of the registered office is 14 
Kinnerton Place South, London SW1X 8EH. The principal activity of the Company is 
that of an International Sports Consultancy firm. 
 
The financial information in these interim results is that of the holding 
company and all of its subsidiaries. It has been prepared in accordance with the 
recognition and measurement requirements of International Financial Reporting 
Standards as adopted for use in the EU (IFRSs). The accounting policies applied 
by the Group in this financial information are the same as those applied by the 
Group in its financial statements for the year ended 31 December 2009 and which 
will form the basis of the 2010 financial statements except for a number of new 
and amended standards which have become effective since the beginning of the 
previous financial year. These new and amended standards are not expected to 
materially affect the Group. 
The financial information presented herein does not constitute full statutory 
accounts under Section 434 of the Companies Act 2006 and was not subject to a 
formal review by the auditors. The financial information in respect of the year 
ended 31 December 2009 has been extracted from the statutory accounts which have 
been delivered to the Registrar of Companies. The Group's Independent Auditor's 
report on those accounts was unqualified, did not include references to any 
matters to which the auditor drew attention by way of emphasis without 
qualifying their report and did not contain a statement under section 498(2) or 
498(3) of the Companies Act 2006. The financial information for the half years 
ended 30 June 2010 and 30 June 2009 are unaudited and the twelve months to 31 
December 2009 are audited. 
2.     Segmental reporting 
 
The board considers that the Group has a single business segment which delivers 
international sports consultancy services. The revenue, expenditure and result 
reported in the income statement and the assets and liabilities reported in the 
balance sheet all relate to this single segment. An analysis of turnover by 
geographical destination is given below. 
+--------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                |          | Unaudited |          | Unaudited |          |   Audited | 
|                                |          |  6 months |          |  6 months |          |      Year | 
|                                |          |  ended 30 |          |  ended 30 |          |     ended | 
|                                |          | June 2010 |          | June 2009 |          |        31 | 
|                                |          |           |          |           |          |  December | 
|                                |          |           |          |           |          |      2009 | 
+--------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                |          |       GBP |          |       GBP |          |       GBP | 
+--------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                |          |           |          |           |          |           | 
+--------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Europe (including Cayman       |          |   236,144 |          |   471,419 |          |   690,787 | 
| Islands and Switzerland)       |          |           |          |           |          |           | 
+--------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Africa                         |          |   140,576 |          |   187,103 |          |   265,747 | 
+--------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| America                        |          |   441,118 |          |   111,232 |          |   286,001 | 
+--------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
| Asia                           |          |         - |          |    48,458 |          |   335,082 | 
+--------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
|                                |          |   817,838 |          |   818,212 |          | 1,517,617 | 
+--------------------------------+----------+-----------+----------+-----------+----------+-----------+ 
 
 
 
 
 
 
 
 
 
TSE GROUP PLC 
 
NOTES TO THE INTERIM UNAUDITED FINANCIAL STATEMENTS 
 
 
3.     Earnings per share 
 
Earnings per share have been calculated using the weighted average number of 
shares in issue during the relevant financial period. The weighted number of 
shares in issue and the earnings, being the profit after tax, are as follows: 
+-----------------------------+-------------+-------------+-------------+ 
|                             |   Unaudited |   Unaudited |     Audited | 
|                             |    6 months |    6 months |        year | 
|                             |    ended 30 |    ended 30 |    ended 31 | 
|                             |   June 2010 |   June 2009 |    December | 
|                             |             |             |        2009 | 
+-----------------------------+-------------+-------------+-------------+ 
|                             |             |             |             | 
|                             |      Number |      Number |      Number | 
+-----------------------------+-------------+-------------+-------------+ 
| Weighted average number of  | 809,600,000 |             |             | 
| shares (ordinary)           |             | 809,600,000 | 809,600,000 | 
+-----------------------------+-------------+-------------+-------------+ 
| Weighted average number of  | 809,600,000 |             |             | 
| shares (dilutive)           |             | 851,373,973 | 809,600,000 | 
+-----------------------------+-------------+-------------+-------------+ 
|                             |             |             |             | 
|                             |         GBP |         GBP |         GBP | 
+-----------------------------+-------------+-------------+-------------+ 
| Profit for the period/year  |      32,060 |      73,839 |   (165,840) | 
+-----------------------------+-------------+-------------+-------------+ 
| Basic and diluted earnings  |      0.004p |       0.01p |     (0.02p) | 
| per share                   |             |             |             | 
+-----------------------------+-------------+-------------+-------------+ 
 
In the current period the basic and diluted earnings per share are the same. The 
diluted earnings per share are identical to the basic earnings per share as the 
exercise of share options and warrants would have an anti-dilutive effect. 
 
 
4.   A copy of this announcement is available from the Company's web site, being 
www.tsegroupplc.com. 
 
 
ENDS 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IR UWVSRRBAKUAR 
 

TSE Group (LSE:TSEG)
過去 株価チャート
から 5 2024 まで 6 2024 TSE Groupのチャートをもっと見るにはこちらをクリック
TSE Group (LSE:TSEG)
過去 株価チャート
から 6 2023 まで 6 2024 TSE Groupのチャートをもっと見るにはこちらをクリック