The following amendment has been made to the 'Final results for the year ended 31st December 2019' announcement released on 5 March 2020 at 07:00 under RNS No 0570F.
In the consolidated Balance Sheet there was duplication of the heading 'Deferred tax' under Non-current liabilities. The second reference to 'Deferred tax' under Non-current liabilities in the previous announcement now reads 'Loans and borrowings'.
All other details remain unchanged. The full amended consolidated balance sheet is shown below.
Airea plc
Final results for the year ended 31st December 2019
Consolidated Balance Sheet
Year ended 31 December 2019
|
|
2019 |
2019 |
2018 |
2018 |
|
|
£'000 |
£'000 |
£'000 |
£'000 |
Non-current assets |
|
|
|
|
|
Property, plant and equipment |
|
4,229 |
|
5,108 |
|
Intangible assets |
|
39 |
|
95 |
|
Investment property |
|
3,600 |
|
3,400 |
|
Deferred tax asset |
|
847 |
|
1,466 |
|
Right-of-use-asset |
|
1,233 |
|
- |
|
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
9,948 |
|
10,069 |
Current assets |
|
|
|
|
|
Inventories |
|
5,461 |
|
6,797 |
|
Trade and other receivables |
|
2,112 |
|
2,330 |
|
Cash and cash equivalents |
|
2,957 |
|
2,732 |
|
|
|
_______ |
|
_______ |
|
|
|
|
10,530 |
|
11,859 |
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
Total assets |
|
|
20,478 |
|
21,928 |
|
|
|
_______ |
|
_______ |
Current liabilities |
|
|
|
|
|
Trade and other payables |
|
(2,412) |
|
(3,571) |
|
Provisions |
|
(320) |
|
(320) |
|
Lease liabilities |
|
(329) |
|
(187) |
|
Loans and borrowings |
|
(562) |
|
- |
|
|
|
_______ |
|
_______ |
|
|
|
|
(3,623) |
|
(4,078) |
Non-current liabilities |
|
|
|
|
|
Deferred tax |
|
(457) |
|
(305) |
|
Pension deficit |
|
(1,472) |
|
(3,688) |
|
Lease liabilities |
|
(323) |
|
(323) |
|
Loans and borrowings |
|
(724) |
|
- |
|
|
|
_______ |
|
_______ |
|
|
|
|
(2,976) |
|
(4,316) |
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
Total liabilities |
|
|
(6,599) |
|
(8,394) |
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
Net assets |
|
|
13,879 |
|
13,534 |
|
|
|
_______ |
|
_______ |
Equity |
|
|
|
|
|
Called up share capital |
|
|
10,339 |
|
10,339 |
Share premium account |
|
|
504 |
|
504 |
Own shares |
|
|
(1,839) |
|
- |
Share based payment reserve |
|
|
85 |
|
- |
Capital redemption reserve |
|
|
3,617 |
|
3,617 |
Revaluation reserve |
|
|
3,048 |
|
3,096 |
Retained earnings |
|
|
(1,875) |
|
(4,022) |
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
Total equity |
|
|
13,879 |
|
13,534 |
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
Enquiries:
Neil Rylance 01924 266561
Chief Executive Officer
Paul Stevenson 01924 266561
Group Finance Director
Peter Steel / Ben Farrow 020 7496 3061
N+1 Singer
