Interim Results of Subsidiary
31 Oktober 2003 - 4:00PM
UK Regulatory
RNS Number:5552R
Coffeeheaven International PLC
31 October 2003
coffeeheaven international plc ("coffeeheaven")
Interim Results of coffeeheaven's Trading Subsidiary
As a result of coffeeheaven's trading subsidiary CHI Polska S.A. ("CHIP")
issuing publicly traded bonds in Poland in May 2003, CHIP is now required by the
Polish Securities and Exchange Commission to meet certain financial reporting
requirements in Poland.
In this regard, CHIP has today announced in Poland its interim results for the
six months ended 30 September 2003. An extract from these results is provided
below. The interim results are prepared in accordance with Polish GAAP and are
quoted in Polish Zlotys (PLN) (1 GBP = approximately 6.8 PLN).
coffeeheaven international plc is expected to announce its interim results for
the six months ended 30 September 2003 in November 2003.
Enquiries:
Richard Worthington, Executive Chairman Tel: +48 22 334 2123
Jeremy Porter, Seymour Pierce Ltd Tel: +44 20 7107 8000
Sandra Hewett, Shmr Tel: +44 20 7689 3116
Interim Report for the period 01.04.2003 - 30.09.2003
CHI Polska S.A.
BALANCE SHEET ITEMS as at
30.09.2003
'000 PLN
TOTAL ASSETS 20,905
Fixed Assets 8,374
Current Assets, including: 12,530
Stock 406
Short term receivables 1,202
TOTAL LIABILITIES AND EQUITY 20,905
Equity, including: 5,830
Share capital 9,933
Liabilities and provisions 15,075
Long term liabilities 13,728
Short term liabilities 1,192
PROFIT AND LOSS ITEMS 6 months
01.04.2003 -
30.09.2003
'000 PLN
Sales and sales equivalents 6,600
Sales of finished products 4,421
Cost of sold products, goods and materials 5,764
Cost of sold products 4,643
Gross profit/loss on sales 836
Gross profit/loss -424
Profit/loss on operations -430
Financial revenue 221
Financial cost 632
Profit/loss on business activity -842
Extraordinary gain/loss 0
Profit/loss before taxation -842
Business taxation -174
Other profit and loss charges 0
Profit/loss after taxation -668
CASH FLOW ITEMS 6 months
01.04.2003 -
30.09.2003
'000 PLN
Depreciation and amortization 578
Cash flow from operations after working capital changes - 233
Cash flow from investing activity -3,430
Cash flow from financing activity 12,426
Total cash flow 8,763
This information is provided by RNS
The company news service from the London Stock Exchange
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