Unaudited Interim Results - London Stock Exchange

UnauditeIdnterimResultL-sondoSntocEk xchange http://w ww.londonstockexchange.com/exchange/news/market-news/m...


RegulatoryStory

Gotomarkent ew section

TopCreationInvestmentsLimited

Released11:2924-Nov-2014

T-OPC

UnauditedInterimResults

RNSNumbe8:r123X

ToCreatioInvestmentLs imited

2N4 ovembe2r014

TopCreationInvestmentLsimited

("TCIL"o"rtheCompany"o"rtheGroup") Unauditedinterimresultfsotrhesix monthperiodended30Septembe2r 014

TheBoardoTf CILips leasedtoannoun ceitus nauditedinterimfigurefsotrhe sixmonthperiodto30thSeptembe2r 014.

Chairman'Ss tatement.

Reviewoof perationfsotrhesixmo nthperiodended30thSeptembe2r 014

SALEOFLOT129(.THEMELAKAPROJECT)

Onthe26thFebruary2014weannouncedthesaleofour Melakaproject(Lot129)for acashconsiderationofRM

15,379,362(approximately£2.8m)M. orerecentlyo, nthe4thNove mbewr egaveanupdatetothemarkeatrsegardtsothe paymenottfhesaleps roceeds.

Onthe19thNovembetrhepurchaser'slawyeirnrespecot f Lo1t 29presentedtheMemorandumoTf ransfear ndTitleto theLandOfficeandthebalanceofthepurchasepriceamountingofRM7,007,700isnowpayablewithin14daysof submissionotfherelevandt ocuments(thadt atebeing2 ndDecembe2r 014o) or nthetransfeor tfitlew, hicheveirsearlier. Thedevelopmenct ostsoRf M7,679,362.65a, renowpayableno latetrhanthreemonthasf tetrhe1sOt ctobebr eingthe dateonwhichtheagreemenbt eca meunconditionalt,hadt atebeingthe31Dstecemb2e0r 14.

BRILLIANTVALLEYJOINTVENTURE(FIVEBUNGALOWUNITS).

Athetimeomf yChairman'sReporwt eannouncedouirntentio ntosubmiatrevisionotfhelandboundariestoCityHall whichwouldnecessarilydelaythecompletionotfheprojectT. hisrevisionwasnecessarybecauseorfoadwideningwork requiredbyCityHalalndtheconsequentiarleduct ioninthelandarearemainingfocronstruction.

On29thOctoberourLandSurveyorsubmittedthepre-co mputationplansdelineatingtherevisedboundariesfor endorsementbyCityHall.AccordinglyuponapprovalbyCityHall,thelandsurveyorisrequiredtosubmitthe

pre-computationplantsotheLandOfficefoarpprovalT. hiws hol eprocesislsikelytotakeat leasafturtheer ighmt onths.

CHANGEOFNOMINATEDADVISER

DanieSl tewar&tCompanyPlchavetenderedtheiresignation asounr ominatedadvisear ndfurthetroouur pdatetothe

o17f

11/24/20174:5P9M

UnauditeIdnterimResultL-sondoSntocEk xchange http://w ww.londonstockexchange.com/exchange/news/market-news/m...

markegt ivenonthe4thoNf ovembert,heywilcleasetoacftoor uCr ompanyasotfhe30thNovember. ItfheCompany hanoat ppointedanothenr ominatedadvisebr ythisdatethentradingonAIMintheCompany'sharewilbl e suspended.Ifanothernominatedadviserisnotappointedby30 thDecemberthentradingonAIMinthe Company'sharews ilbl ecancelled. Iitos uirntentiontourgentlyseekareplacemenftoDr anieSl tewart.

FUTUREPROSPECTS.

Theprospecottfhereleaseof theadditionaflundfsromthesaleoLfo1t 29 wilgl ivetheCompanyconsiderablescopeto pursuefurtheirnvestmentisnth expectationoef nablingutsoenhancevaluetoousrhareholders.

MadameZhangLi Chairman Malaysia

24Novembe2r 014

FinanciaOl verview

Thefinanciailnformationcontainedwithinthisinterimrepo rtisbasedupontheGroup'sunauditedresultsforthesix monthes nded30Septembe2r 014.

TheconsolidatedStatemenotCf omprehensiveIncomeshows aconsolidatedneltosfsotrh ep e r i o do£f 156,000T. heloss waswithintheexpectationotfheCompanyT. CILisinanet cashpositionasa3t 0Septembe2r 014withacashsurplusof

£59,000T. heCompanywilsleekinvestmentstoacquireinterests inothesruitableprojectswhichwilal llowustowidenour investmentportfolioarisingfromthesaleofLot129projec tI.fandwhenappropriatet,heCompanymayseektoraise additionaflundtsomakefurtheirnvestments.

Welookforwardtothefuturewithoptimismandinthebelief thawt ewilbl eabletodeliveer nhancedshareholdevralue.

ZhangLi Chairman Malaysia,

24Novembe2r 014

Fofrurtheirnformationk,indlyvisiwt ww. http://www.topcltd.comocrontact:

TopCreationInvestmentLsimited Wo

ngYuSun

FinanceDirector

+601 2778972

DanieSl tewar&tCompanyPlc

(NominatedAdviser)

AntonyLegge

+4420777 6550

o27f

11/24/20174:5P9M

Unaudited Interim Results - London Stock Exchange http://www.londonstockexchange. com/exchange/news/m arket-news/m ..

3 of7 11124/2014 7 59 PM

UnauditeIdnterimResultL-sondoSntocEk xchange http://w ww.londonstockexchange.com/exchange/news/market-news/m...

ConsolidatedStatemenotCf omprehensivIencome

Note
Sixmonths ende3d0

September

2014
Sixmonths ende30

September

2013
Yeaernded
31-Mar

2014

(unaudited)

(unaudited)

(audited)

£'000

£'000

£,000

Revenue - - - Otheirncome - - - Administrativexpenses (38) (41) (126) Capitarlaisinexpenses - - -

Directofrees (11) (15) (24)

t



ConsolidatedStatemenotFf inanciaPl osition

Aas3t0

September

2014

Aas3t0

September

2013

Aas3tM1 arch

2014

(unaudited) (unaudited) (audited)
£'000 £'000 £'000

Assets

Non-currenatssets

Propertyp,lanatndequipment 7 10 9

Interesitnjoinvtenture 515 - 358



Currenatssets

Inventories - 2,918 - DepositasnReceivables 21 373 27

Casancdasequivalents 59 2 3

Assehtelfdosrale 2,827 - 2,827

2,907 3,293 2,857

o47f

11/24/20174:5P9M

UnauditeIdnterimResultL-sondoSntocEk xchange http://w ww.londonstockexchange.com/exchange/news/market-news/m...



Totaalssets 3,429 3,303 3,224 Liabilities



Currenltiabilities

Otheprayables 427 265 455

Totalliabilities 427 265 455



Neatssets 3,002 3,038 2,769



Equitayndreserves

Sharceapital 970 550 550
Sharperemiumaccount 3,665 3,696 3,696

Translationreserve (528) (173) (512) Accumulateldosses (1,105) (1035) (965)



Totaelquity 3,002 3,038 2,769 ConsolidatedStatemenotCf hangeisnEquity

Share
Capital
Share Premium Account
Translation
Reserve
Accumulated
Losses Total
£'000 £'000 £'000 £'000 £'000

A1At pri2l014 550 3,696 (512) (965) 2769


Shariessued 420 (31) - - 389

Losfsotrhpeeriod - - - (140) (140)

Exchangdeifferencaerisinotnhe translatiootfhfeinanciasltatements

offoreigoperations - - (16) - (16) Totaclomprehensivleosfsotrhpeeriod - - (16) (140) (156)

A3tS0eptembe2r014 970 3,665 (528) (1,105) 3,002 A1At pri2l013 - - - - - Shareisssued 550 3,696 (26) (640) 3,580

Losfsotrhpeeriod - - - (145) (145)

Exchangdeifferencaerisinotnhe translatiootfhfeinanciasltatements



offoreigoperations - - (173) - (173) Totaclomprehensivleosfsotrhyeear - - (173) (145) (318) A3tS0eptembe2r013 550 3,696 (199) (785) 3,262

A1At pri2l013 550 3,696 (26) (640) 3,580


Shareisssued - - - - - Losfsotrhpeeriod - - - (325) (325)

Exchangdeifferencaerisinotnhe translatiootfhfeinanciasltatements

offoreigoperations - - (486) - (486)

Totaclomprehensivleosfsotrhyeear - - (486) (325) (811)

o57f

11/24/20174:5P9M

UnauditeIdnterimResultL-sondoSntocEk xchange http://w ww.londonstockexchange.com/exchange/news/market-news/m...

A3tM1 arch2014 550 3,696 (512) (965) 2,769 ConsolidatedStatemenotCf ashFlows

Sixmonths ende30

September

2014

Sixmonths ende30

September

2013

Yeaernded

3March

2014

(unaudited)

(unaudited)

(audited)

£

£

£

Cashflowfsromoperatinagctivities

Totaclomprehensivleosfsotrhpeeriod/year (156) (318) (325) Adjustmentfsor:

Depreciation 2 2 4

Operatinlosbseforcehangeiswn orkincgapital (154) (316) (321) Decreas(/eIncreasei)innventories - 347 (9)

Decreas(/eIncreasei)dneposits 6 (310) 54

Decreasieontheprayables (28) 51 241

Nectasuhseidonperatinagctivities (176) (228) (35)

Cashflowfsrominvestingactivities



Investmenitnjointlycontrolleedntity (157) 415 - Nectasuhseidninvestingactivities (157) 415 -

Cashflowfsromfinancingactivities

Neptroceedfsromissuoesfhares 389 - - Nectasgheneratefdromfinancinagctivities 389 - -

Neitncreasiencashandcashequivalents 56 (187) (35) Cashandcashequivalentasbteginningof period/year 3 38 38

Effecotefxchangreatcehanges - 147 -

Cashandcashequivalentasetndopferiod/year 59 2 3



NoteTs To hCe onsolidatedFinanciaSltatements FoSriM onthEs nded30S eptembe2r014

Basiospfrep1a.ration

Thuenauditedinterimconsolidatedfinanciasltatement(sthe "interimfinanciasltatements"a)rfeosrixmonthesnded30

Septembe2r 014T. heyhavebeenpreparedinaccordancewithInternationaFl inanciaRl eportingStandard(s"IFRS"a)s adoptedbythEe uropeanUnion("EU"a)ndspecificallyinaccordancwe ithInternationaAl ccountingStandard(s"IAS")

34'InterimFinanciaRl eportingT'. heydonoitncludaeloltfhienformationrequiredfofrulalnnuaflinanciasltatements, andshouldbreeadinconjunctionwiththceonsolidatedfinanciasltatementostfhGe roupfotrhyeeaernded31March

2014.

Thienterimfinanciasltatementhsavbeeenpreparedundetrhheistoricaclosctonventionandarienaccordancwe iththe accountingpolicieasseotuotnpage1s 8to24intheGroup'csonsolidatedfinanciasltatementfsotrheyeaernded31

March2014.TheaccountingpolicieshavebeenappliedconsistentlythroughouttheGroupforthepurposeof preparatioontfhienterimfinanciasltatements.

Thuenauditeidnterimfinanciasltatementws ere approvebdtyhBe oaroDf irectoros2nN4 ovembe2r014.

Goincgonc2e.rn

TheinterimfinanciasltatementsotfheGrouparepreparedonagoingconcernbasisI.ncommonwithmanysimilar companiest,heGroupraisesfinancefortheirinvestmenat ctivitiesonprojecat ndpropertydevelopmenmt ainlyin Malaysia.

ThDe irectorasroetfhoepiniothatthGe rouwilhlavseuff icienctashtofunditasctivitiebsasedonforecasctashflow informationfoarperiodinexcessotfwelvemonthsfromthedateoaf pprovaol tfheseinterimfinanciasltatements. Managemenct ontinuestomonitoar lwl orkingcapitacl ommitmentsandbalancesonaweeklybasisandbelievethat theyhavaeccestsoappropriatleevelosffinancingfotrhGe rouptocontinuteomeetthleiabilitieastsheyfaldlufeoart

leastthneexttwelvme onthsa,ntdhatthGe rouiptsradinaggasoinconcern.

o67f

11/24/20174:5P9M

UnauditeIdnterimResultL-sondoSntocEk xchange http://w ww.londonstockexchange.com/exchange/news/market-news/m...

Incomteae3x.pense

Therienstoacxhargfeotrhpeerioannddoeferretdahxabseeprovided.

Foreigncu4rr. enctyransactions

Incomaendexpenditurfeoorverseassubsidiarieasrteranslat edintosterlingbaseduponmonthlyaveragreatetsogivae

faiarpproximationtothetransactionrateB. alancesheeittem dateA. lolthedrifferenceasriencludewithithteranslatiorneserve.

asretranslatedatthexchangerateatthebalancesheet

Availabil5it.oyhfalyfearlyreport

TheCompany'hs alyf earlyreporwt ilbl eavailableinsoft copyfromtheinvestorss'ectionotfheCompany'ws ebsite

(www.topcltd.com).

ThiisnformatioinpsrovidebdRy NS ThceompannyewsservicferomthLe ondoStocExchange

END

IRFZLFLZFFFFBZ


FINANCIALPUBLICATIONSPROVIDEDBYDIANOMI

CLOSE

InvestingGlobally

Thetoptipsfogr lobailnvestors

MoreInformation InvestingGlobally

Thetoptipsfogr lobainl vestors

MoreInformation InvestingGlobally

Thetoptipsfogr lobailnvestors

MoreInformation LondonStockExchangeplcis nortesponsiblefoar nddoesnot checkcontenot nthisWebsite. Websiteusersareresponsiblefor checkingcontent. Anynewsitem(includinganypr ospectusw) hichisaddressedsolelytothepers onsandcountrie specifiedthereinshouldnobt e relieduponother thanbysuchpersonsand/or outsidethespec ifiedcountries. Termsandconditions i,ncludingrestrictionson useanddistributionapply.

©2014LondonStockExchangeplcA. rllightsreserved

UnauditedInterimResultRs- NS

o77f

11/24/20174:5P9M

distributed by