Strathmore Group Limited - Financial Statements

STRATHMORE GROUP LIMITED

1999
Annual Report

Statements of Financial Performance
for the year ended 31 July 1999

		CONSOLIDATED		PARENT COMPANY
	Note	1999	1998	1999	1998
		$000s	$000s	$000s	$000s
REVENUE
Interest income		85	777	84	773
Sales & royalties		465	74	-	-
Exchange gains on foreign currency deposits		46	183	46	183
Gross sales of shares		14	-	14	-
Dividends		9	5	9	5
Other income		11	1	-	-
		---------	---------	---------	---------
		$630	$1,040	$153	$961
		=====	=====	=====	=====
DEFICIT BEFORE TAXATION	2.	(1,980)	(23)	(1,022)	(2,473)
Taxation expense	3.	-	-	-	-
		----------	----------	----------	----------
DEFICIT AFTER TAXATION		(1,980)	(23)	(1,022)	(2,473)
Minority interests		213	114	-	-
Share of deficits of Associate Entities after tax		(245)	(862)	-	-
		------------	------------	------------	------------
DEFICIT ATTRIBUTABLE TO THE SHAREHOLDERS OF THE PARENT COMPANY		(2,012)	(771)	(1,022)	(2,473)
Accumulated deficit at beginning of year		(24,119)	(23,348)	(24,107)	(21,634)
		------------	------------	------------	------------
ACCUMULATED DEFICIT AT END OF YEAR		($26,131)	($24,119)	($25,129)	($24,107)
		=======	=======	=======	=======

Statements of Movement in Equity
for the year ended 31 July 1999

		CONSOLIDATED		PARENT COMPANY
	Note	1999	1998	1999	1998
		$000s	$000s	$000s	$000s
EQUITY AS AT 1 AUGUST 1998		5,760	16,302	5,548	18,016
Net deficit for year		(2,012)	(771)	(1,022)	(2,473)
Shares re-purchased		-	(9,995)	-	(9,995)
Movement in minority interest		(213)	213	-	-
Share of movements in associate reserves		(11)	11	-	-
		-----------	-----------	-----------	---------
EQUITY AS AT 31 JULY 1999		$3,524	$5,760	$4,526	$5,548
		======	======	======	=====

These statements are to be read in conjunction with the Notes and the Auditors' Report.