Captive Audience Display Solutions plc

January 29, 2010 11:26 ET

2nd Quarter Results

Captive Audience Display Solutions PLC
Un-audited Interim Results for the six month period to 31st October 2009

Chairman's Statement

The board is pleased to report the interim results for the six months ended 31st October 2009 of Captive
Audience Display Solutions Plc.

It  would  be  an  understatement to say our company is operating in difficult times.  The  Central  Bank  is
confident  that Ireland is entering a growth period for the first time in two years.  It is anticipated  that
this positivity will strengthen our hand in discussions regarding the ongoing operation of the Irish network.
The  present downturn in advertising revenues in Ireland, UK and Europe are expected to start to recover over
the next six months.

It  is  the  view of your Directors that there is a potential for Cads in the Middle East in particularly  as
there has not been a big downturn in advertising revenues in this region. We believe Cads will enjoy an early
mover  advantage  in  this  region.  We continue in our efforts and are confident  of  achieving  a  workable
agreement with our partners to roll out the Cads network in the Middle East as we have the experience and the
personnel  to  deliver  the  project.  We  believe we are close to concluding  negotiations  and  significant
developments are expected in the coming weeks.

The  company  has been offered future funding should the right opportunity present itself.  As  the  economic
uncertainty clears the Company expects to be well positioned to take advantage of this.

Liam McGrattan

29th January 2010

Profit and Loss Account
For the six months ended 31 October 2009

                                                                     Un-audited         Audited
                                                                      6 mths to      12 mths to
                                                                     31/10/2009        30/04/09
                                                                              €               €
Turnover - continuing operations                                         35,022         143,880
Cost of Sales                                                            (2,042)         (5,391)
Gross Profit                                                             32,980         138,489
Administrative Expenses                                                (118,360)       (913,174)
Operating Loss                                                          (85,380)       (774,685)
Interest receivable and similar income                                        -               8
Interest payable and similar charges                                        (25)            (57)
Loss on ordinary activities before tax                                  (85,405)       (774,734)
Tax                                                                           -               -
Loss on ordinary activities after taxation                              (85,405)       (774,734)
Loss per ordinary share - basic & diluted                               (0.05)c         (0.43)c

Balance Sheet
As at 31 October 2009
                                                                            Un-audited            Audited
                                                                              31/10/09           30/04/09
                                                                                     €                  €
Fixed Assets                                                                                                 
   Tangible assets                                                             207,179            207,093
                                                                               207,179            209,073
Current assets                                                                                               
   Trade debtors                                                                52,054             22,254
   Cash and cash equivalents                                                    35,140            134,272
                                                                                87,194            156,526
Creditors: amounts falling due within one year                                (108,304)           (92,145)
Net current (liabilities)/assets                                               (21,110)            64,381
Total Assets less Current Liabilities                                          186,069            271,474
Capital and reserves                                                                                         
   Issued share capital                                                         18,132             18,132
   Share premium account                                                     2,897,428          2,897,428
   Profit and loss account                                                  (2,729,491)        (2,644,086)
                                                                               186,069            271,474

The financial information is un-audited and has not been reviewed by the Company Auditor.

The directors of the issuer accept responsibility for this announcement.

For further information on Captive Audience Display Solutions please contact:
Liam McGrattan / Brian McDonnell, Captive Audience Display Solutions plc,
T: 01-8230510

Contact Information

  • Captive Audience Display Solutions plc