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For Immediate Release                    25 September 2008

ALLTRUE INVESTMENTS  PLC 

('Alltrue Investments' or the 'Company')

Unaudited Interim accounts for the six months ended 30 June 2008

CHAIRMAN'S STATEMENT

Unaudited Interim accounts for the six months ended 30 June 2008

The first half of 2008 has seen a sharp decline in the Financial Services sector. We have invested in expanding Montague Pitman, which in the latter half is now repaying the investment. The CFD side of Montague Pitman has been trading successfully throughout the period. 

Falcon Securities have seen their corporate fees decline and are targeting other areas of Income to replace these.  

L.E.V. Knifton

Executive Chairman

25 September 2008

  

ALLTRUE INVESTMENTS PLC 

Income Statement 

for the Six months ended 30 June 2008

 

    

				Six months to 30 June 2008 Unaudited		Six months 30 June 2007 Unaudited		Year ended  31 December 2007  audited
				£'000s		£'000s		£'000s
Continuing operations
Revenue				1,034		1,049		1,812
Cost of Sales				(155)		(505)		(476)
Gross Profit				879		544		1,336
Administrative expenses				(975)		(610)		(1,272)
Operating Profit/(Loss)				(96)		(66)		64
Loss on disposal of subsidiary				-		-		(390)
Investment revenues				7		6		20
Finance costs				(1)		-		(20)
(Loss) before tax				(90)		(60)		(326)
Income tax				-		-		-
(Loss) after tax				(90)		(60)		(326)
Minority interests				4		-		(4)
(Loss) for the period from continuing operations attributable to shareholders				(86)		(60)		(330)
Profit/(Loss) per share
From continuing operations:
(before exceptional items)
Basic and diluted				(0.035p)		(0.025p)		0.026p

The company's turnover and operating loss arise from continuing operations.

There were no recognised gains or losses other than those recognised in the income statement above.

  

ALLTRUE INVESTMENTS PLC 

Balance Sheet as at 30 June 2008

				As at 30 June 2008 Unaudited		As at 30 June 2007 Unaudited		As at 31 December 2007 Audited
				£'000s		£'000s		£'000s
Assets
Non-current assets
Property, plant and equipment				99		45		53
Goodwill				950		1,689		950
Investments				175		-		175
				1,224		1,734		1,178
Current assets
Trade and other receivables				656		708		513
Cash and cash equivalents				301		390		536
				957		1,098		1,049
Total assets				2,181		2,832		2,227
Equity and liabilities
Capital and reserves
Share capital				244		244		244
Capital Reserves				2,082		2,082		2,082
Retained earnings				(667)		(392)		(581)
Minority interests				-		-		4
Total equity				1,659		1,934		1,749
Current liabilities
Trade and other payables				272		648		228
Other loans				250		250		250
				522		898		478
Total liabilities				522		898		478
Total equity and liabilities				2,181		2,832		2,227

  ALLTRUE INVESTMENTS PLC 

Cash Flow Statement

For the Six months ended 30 June 2008

		Six months to 30 June 2008 Unaudited		Six months  to 30 June 2007 Unaudited		Year ended  31 December 2007 Audited
	Note	£'000		£'000		£'000
Operating activities	3	(172)		(157)		31
Net cash inflow from taxation		-		-		31
Investing activities
Interest received		7		6		20
Interest paid		(1)		-		(20)
Purchases of plant and equipment		(69)		(14)		(50)
		(63)		(8)		(50)
Financing activities
Loan received		-		250		250
		-		250		250
Net cash inflow/(outflow)		(235)		85		231
Cash and cash equivalents at the beginning of the period		536		305		305
Bank balances and cash		301		390		536

Consolidated statement of changes in equity

		As at 30 June 2008		As at 30 June 2007		As at  31 December 2007
		£'000s		£'000s		£'000s
As at beginning of period		1,745		1,994		2,075
Surplus/(Deficit) for the period		(86)		(60)		(330)
As at end of period		1,659		1,934		1,745

   ALLTRUE INVESTMENTS PLC 

Notes to the Interim Report

 

These interim accounts have been prepared in accordance with International Financial Reporting Standards and on the historical cost basis, using generally recognised accounting principles and using the accounting policies which are consistent with those set out in the Company Annual Report and Accounts for the year ended 31 December 2007.  

This interim report for the six months to 30 June 2008, which complies with IAS34, was approved by the Board on  25 September 2008.

 

2. Loss per Share

	Six months to  30 June 2008		Six months to  30 June 2007		Year ended 31 December 2007
Earnings per ordinary shares
Basic and diluted	(0.035p)		(0.025p)		0.026p

The loss per ordinary share is based on the company's loss for the period of £86,000 (30 June 2007 - loss £60,000; 31 December 2007- profit £64,000 prior to exceptional costs) and a basic and diluted weighted average number of shares in issue of 244,167,500 (30 June 2007 - 244,167,500; 31 December 2007 - 244,167,500)

 

3. Reconciliation of operating loss to net cash outflow from operating activities.

		Six months to  30 June 2008		Six months  30 June 2007		Year ended  31 December 2007
		£'000s		£'000s		£'000s
Profit/(Loss) for the period		(96)		(66)		64
Adjustments for :
Depreciation of property, plant and equipment		23		4		70
(increase) in investments		-		-		(54)
(Increase)/Decrease in receivables		(143)		(490)		30
Increase in payables		44		395		(79)
Net cash from operating activities		(172)		(157)		31

4.    Called up Share Capital

 The issued share capital as at 31 December 2007, per the audited accounts, was    244,167,500 Ordinary Shares of 0.1p each. 

   

6.      Copies of this interim statement are available from the Company at its registered office at       

         Finsgate, 5-7 Cranwood Street, London EC1V 9EE. The interim statement will also be  

         available on  the company website www. Alltrueinvestments.co.uk.

Contacts:

Leo Knifton - Chairman Alltrue Investments Plc

Tel: 020 7251 3762

Roland Cornish - Beaumont Cornish/Nominated Adviser

Tel: 020 7628 3396

ENDIR ILFISADIEFIT