A2D Funding II PLC Final Results (3382L)
08 Janvier 2016 - 3:51PM
UK Regulatory
TIDMA2D2
RNS Number : 3382L
A2D Funding II PLC
08 January 2016
A2D FUNDING II PLC
AUDITED RESULTS FOR THE PERIOD ENDING 30 SEPTEMBER 2015
A2D Funding II plc (LSE: A2D2) announces its audited results for
the period 17 July 2014 to 30 September 2015.
The following is an extract from the Company's financial
statements which will be posted to shareholders on or around 31
January 2016.
Company summary
A2D Funding II plc ("the Company") is a special purpose company
established for the purpose of issuing Bonds (including further
bonds issued in accordance with the Conditions) and lending the
proceeds thereof to A2Domionion Housing Group Limited
("A2Dominion") or one or more of its subsidiaries.
Business review
On 30 September 2014 the Company issued GBP150,000,000 4.50%
Guaranteed Bonds due 2026. The principal amount raised from issuing
the Retail Bonds was on-lent to A2Dominon.
Principal risks and uncertainties
The principal risks and uncertainties for the Company are
primarily credit and interest rate risks. These include the correct
and timely receipt of interest and principal on the loan due from
A2Dominion and, to that effect during the period under review, all
amounts were paid completely and timely when they were due.
The directors have considered the nature and structure of the
Company and are satisfied that there is sufficient capital in
relation to the business activities of the Company and levels of
planned financial performance.
Events after the balance sheet date
There have been no reportable events since 30 September
2015.
Related party transactions
A2Dominion is a related party and significantly all transactions
are with them, these have been disclosed in the year end finalised
statements.
On behalf of the Board
Law Debenture Corporate Services Limited (Company Secretary)
7 January 2016
INCOME STATEMENT
For the period 17 July 2014 to 30 September 2015
Period
17 July 2014
to
30 September
2015
GBP000
------------------------------- --------------
Interest receivable and
similar income 6,818
Interest payable and similar
charges (6,816)
---------------------------------- --------------
Gross profit 2
Other operating income 44
Administrative expenses (45)
---------------------------------- --------------
Profit on ordinary activities
before taxation 1
Taxation -
------------------------------- --------------
Profit for the period 1
---------------------------------- --------------
There are no recognised gains or losses other than the result
for the period stated above. Accordingly, no statement of total
recognised gains and losses is given.
BALANCE SHEET
As at 30 September 2015
30 September
2015
GBP000
-------------------------------- -------------
Financial assets
Loans and receivables 149,281
----------------------------------- -------------
Current assets
Cash at bank 30
----------------------------------- -------------
30
Financial liabilities: Amounts
falling due within one year (16)
----------------------------------- -------------
Net current assets 14
----------------------------------- -------------
Total assets less current
liabilities 149,295
Financial liabilities: Amounts
falling due after more than
one year (149,281)
----------------------------------- -------------
Net assets 14
----------------------------------- -------------
Capital and reserves
Called up share capital 13
Profit and loss account 1
----------------------------------- -------------
Shareholders' funds 14
----------------------------------- -------------
STATEMENT OF CHANGES IN EQUITY
For the period ended 30 September 2015
Profit and
Share capital loss account Total
GBP000 GBP000 GBP000
Net profit for the period - 1 1
Issue of shares 13 - 13
Total equity as at 30 September
2015 13 1 14
---------------------------------- ---------------- -------------- --------
CASH FLOW STATEMENT
For the period ended 30 September 2015
Period
17 July 2014
to
30 September
2015
GBP000
Operating activities
Profit on ordinary activities
before taxation 1
Increase in creditors 16
------------------------------------------ --------------
Cash flow from operating
activities 17
------------------------------------------ --------------
Investing activities
Loan granted (149,296)
------------------------------------------ --------------
Cash flow from investing
activities (149,296)
------------------------------------------ --------------
Financing activities
Proceeds on issued share
capital 13
Proceeds from retail bond
issuance 150,000
Issue costs (704)
------------------------------------------ --------------
Cash flow from financing
activities 149,309
------------------------------------------ --------------
Net increase in cash and cash
equivalents 30
---------------------------------------- --------------
Cash and cash equivalent at beginning -
of period
----------------------------------------- --------------
Cash and cash equivalent at
end of period 30
---------------------------------------- --------------
Directors' responsibility statement
We confirm that to the best of our knowledge:
(a) the financial statements, prepared in accordance with the
applicable set of accounting standards, give a true and fair view
of the assets, liabilities, financial position and profit or loss
of the issuer and the undertakings included in the consolidation
taken as a whole; and
(b) the management report includes a fair review of the
development and performance of the business and the position of the
issuer and the undertakings included in the consolidation taken as
a whole, together with a description of the principal risks and
uncertainties that they face.
On behalf of the board
Ian Bowden
Director
7 January 2016
- ENDS-
For further information contact:
Law Debenture Corporate Services Limited (Company Secretary) +44
20 7606 5453
This information is provided by RNS
The company news service from the London Stock Exchange
END
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