Half-yearly Report
IMPERIAL MUSIC AND MEDIA PLC
("Imperial" or the "Company")
UNAUDITED INTERIM RESULTS FOR THE PERIOD ENDED 31(st) JULY 2013
Chairman's Statement
I am pleased to present the Interim Results of the Company for the six
months ended 31st July 2013.
Imperial Music currently has multiple rights deals in place with Skinny
Lister and Patricia Hammond, covering recording, publishing, live
performances and merchandise.
During the six month period, Patricia Hammond film option with DJ Films
was extended for a further 18 months with a 36 month further extension
option. The Company remains hopeful that the option will be exercised
with the resulting publicity it will attract to Patricia's music. In the
meantime sales of her debut album' Our Lovely Day' remain slow.
Skinny Lister continued to build momentum in the music industry. The
band spent the summer of 2013 touring the United States of America and
Side One Dummy Recordings were granted the exclusive rights to
manufacture, exploit, distribute, advertise and sell Skinny Lister's
first album within the United States of America and Canada.
Post Balance Sheet Events
On 28(th) August 2013, the Company raised GBP100,000 for general working
capital purposes by the issue of 80,000,000 new ordinary shares.
We continue to pursue other opportunities to generate revenue streams
and hope to make further announcements in the near future.
Greg Collier
Non-Executive Director
FOR THE PERIOD ENDED 31 JULY 2013
PROFIT AND LOSS
31/07/2013 31/07/2012
Turnover 1,003 7,551
Cost of sales 1,573 31,169
Gross loss 570 23,618
Administrative expenses 23,694 42,287
Operating loss 24,264 65,905
Interest payable and - -
similar charges
Loss on ordinary activities 24,264 65,905
Profit and loss reserve 403,360 295,669
brought forward
Profit and loss reserve 427,624 361,574
BALANCE SHEET
31/07/2013 31/07/2012
Fixed Assets
Tangible assets 1 1
1 1
Current Assets
Stocks - 200
Debtors 5,225 3,642
Other Debtors 50,000 -
Cash at bank 22,130 40,016
77,355 43,858
Creditors - Within one year 15,506 15,959
Net current assets 61,849 27,899
Long term liabilities - -
Net assets/liabilities 61,850 27,900
Capital and reserves
Called up share capital 489,474 389,474
Profit and loss reserve - 427,624 - 361,574
Shareholder funds 61,850 27,900
These interim figures have not been reviewed by the Company's auditors.
The Directors of the Company accept responsibility for this
announcement.
--ENDS--
Enquiries:
Imperial Music and Media PLC
Greg Collier
Tel: 07830 182501
Peterhouse Corporate Finance Limited
Heena Karani
Tel: 020 7469 0933
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Source: IMPERIAL MUSIC & MEDIA PLC via Thomson Reuters ONE
HUG#1739312
(END) Dow Jones Newswires
October 30, 2013 11:29 ET (15:29 GMT)