ZimNRG plc
LSE : ZIMO

November 29, 2013 09:08 ET

Unaudited Interim Accounts for the period to 31st August 2013

Half year report
ZimNRG plc

Unaudited Interim Accounts for the period to 31st August 2013

The Directors of ZimNRG PLC are pleased to present the unaudited accounts for the six months to
August 31st 2013.

PRINCIPAL ACTIVITIES AND BUSINESS REVIEW

The principal activity of the company during the year was that of investment holding company.

The Directors have continued to search for suitable projects for the Company However despite detailed
investigation it has not been possible to convert these into investment proposals as yet. Notwithstanding the
continued difficult investment climate in Zimbabwe, as recently described in the press, new possibilities
continue to emerge which is encouraging, and appropriate ones are being assessed.

The Directors liquidated the investment share portfolio in Zimbabwe before the July elections and have
liquidated our asset holdings preparatory to any potential transaction.


RESULTS AND DIVIDENDS

The loss for the period amounted to GBP 28,454 (GBP 28,789). The Directors have not recommended a dividend.




PROFIT & LOSS ACCOUNT
                                                 For the half year to 31st August
                                                      2013            2012
                                                       GBP             GBP

Unrealised Exchange gains/(Losses)                  (5,282)            365
Profit/Loss on Sale Investments                     48,629               0
Dividends Received                                   1,463               0
Movement on Investment Reserve                     (47,714)         (9,909)
Interest Receivable                                    136               0
Other income                                             0               0

                                                    (2,767)         (9,544)


Salaries & fees                                          0               0
Employers NI                                             0               0
Printing                                                 0               0
Travelling & Research                               (1,044)           (828)
Legal & Professional Fees                          (20,351)        (15,294)
General Expenses                                    (4,292)         (3,123)

                                                   (25,687)        (19,245)

Loss for the Period                                (28,454)        (28,789)





BALANCE SHEET                                31st August        31st August
                                                    2013               2012
                                                     GBP                GBP

Current Assets
Investments                                            0            100,084
Bank Balances                                    201,888            107,125
Debtors                                           18,909             25,773

                                                 220,797            232,982      

Current Liabilities
Creditors                                           (731)             1,882)

                                                 220,066            231,100

Capital Employed
Share Capital                                    241,660            241,660
Share Premium                                    667,260            667,260
Prior Year Reserves                             (660,400)          (649,032)
Profit & Loss Account                            (28,454)           (28,789)

                                                 220,660            231,100

Shares in Issue                               48,332,003         48,332,003



ZimNRG plc

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