STAD EURONPV as at 30 June 2021
As at As at As at
30 June 2021 30 June 2020 31 December 2020
Notes
GBP GBP GBP
(unaudited) (unaudited) (audited)
Assets
Cash and cash equivalents 5 1,359,957 9,024,042 2,939,408
Other receivables and prepayments 6 1,129,774 1,107,701 17,094
Financial assets at fair value through profit or loss 8 11,975,731 - 918,259
Loans advanced 7 420,807,466 448,891,684 442,659,649
Total assets 435,272,928 459,023,427 446,534,410
Liabilities
Financial liabilities at fair value through profit or loss 8 - 4,536,384 -
Credit facilities 10 10,215,635 22,931,943 18,626,837
Trade and other payables 9 1,328,457 1,466,674 1,210,066
Total liabilities 11,544,092 28,935,001 19,836,903
Net assets 423,728,836 430,088,426 426,697,507
Capital and reserves
Share capital 407,440,011 411,205,161 408,031,544
Retained earnings 16,182,789 18,526,690 18,369,871
Translation reserve 106,036 356,575 296,092
Total equity 423,728,836 430,088,426 426,697,507
Number of Ordinary Shares in issue 408,911,273 413,219,398 409,571,273
Net asset value per Ordinary Share (pence) 103.62 104.08 104.18 These Unaudited Condensed Consolidated Financial Statements were approved and authorised for issue by the Board of Directors on 6 September 2021, and signed on its behalf by:
Stephen Smith John Whittle Chairman Director
The accompanying notes form an integral part of these Unaudited Condensed Consolidated Financial Statements.
Unaudited Condensed Consolidated Statement of Changes in Equity
for the period ended 30 June 2021
Share Retained earnings Translation reserve Total equity
Period ended 30 June 2021 capital
GBP GBP GBP
GBP
(unaudited) (unaudited) (unaudited)
(unaudited)
Balance at 1 January 2021 408,031,544 18,369,871 296,092 426,697,507
Share buy backs (591,533) - - (591,533)
Dividends paid - (12,267,338) - (12,267,338)
Operating profit for the period - 10,080,256 - 10,080,256
Other comprehensive income:
Other comprehensive loss for the period - - (190,056) (190,056)
Balance at 30 June 2021 407,440,011 16,182,789 106,036 423,728,836
Share Retained Translation Total
Period ended 30 June 2020 capital earnings reserve equity
GBP GBP GBP GBP
(unaudited) (unaudited) (unaudited) (unaudited)
Balance at 1 January 2020 411,205,161 15,286,245 63,675 426,555,081
Dividends paid - (13,429,630) - (13,429,630)
Operating profit for the period - 16,670,075 - 16,670,075
Other comprehensive income:
Other comprehensive income for the period - - 292,900 292,900
Balance at 30 June 2020 411,205,161 18,526,690 356,575 430,088,426
Share Retained Translation Total
Year ended 31 December 2020 capital earnings reserve equity
GBP GBP GBP GBP
(audited) (audited) (audited) (audited)
Balance at 1 January 2020 411,205,161 15,286,245 63,675 426,555,081
Share buy backs (3,173,617) - - (3,173,617)
Dividends paid - (26,824,860) - (26,824,860)
Operating profit for the year - 29,908,486 - 29,908,486
Other comprehensive income:
Other comprehensive income for the year - - 232,417 232,417
Balance at 31 December 2020 408,031,544 18,369,871 296,092 426,697,507 The accompanying notes form an integral part of these Unaudited Condensed Consolidated Financial Statements.
Unaudited Condensed Consolidated Statement of Cash Flows
for the period ended 30 June 2021
1 January 1 January 1 January
2021 to 2020 to 2020 to
30 June 2021 30 June 2020 31 December
2020
GBP GBP
GBP
(unaudited) (unaudited)
(audited)
Operating activities:
Operating profit for the period / year 10,138,644 16,670,075 29,990,439
Adjustments
Net interest income (14,472,491) (14,433,090) (29,052,521)
Net changes in fair value of financial assets at fair value through profit or - (1,097,722) (1,097,722)
loss - Credit Linked Notes
Decrease / (increase) in prepayments and receivables 5,535 (1,078,766) 11,841
Increase / (decrease) in trade and other payables 221,199 188,944 (159,467)
Net unrealised (gains) / losses on foreign exchange derivatives (11,057,472) 13,131,462 7,676,819
Net foreign exchange losses / (gains) 12,187,021 (17,346,174) (12,848,644)
Credit facility interest 380,607 508,194 945,771
Credit facility commitment fees 414,060 376,430 762,074
Currency translation difference 180,885 (404,293) (463,709)
Corporate taxes paid (87,724) (82,766) (151,052)
(2,089,736) (3,567,706) (4,386,171)
Loans advanced1 (35,607,633) (85,689,578) (98,731,281)
Loan repayments and amortisation 45,824,727 43,513,026 59,619,767
Credit Linked Notes repayments - 21,773,000 21,773,000
Origination fees paid (199,206) (576,287) (577,233)
Interest, commitment and exit fee income from loans advanced 12,885,675 14,020,648 28,256,205
Interest received on Credit Linked Notes - 1,210,333 1,210,333
Net cash inflow / (outflow) from operating activities 20,813,827 (9,316,564) 7,164,620
Cash flows from investing activities
Shares buy backs (677,120) - (3,088,030)
Dividends paid (12,267,338) (13,429,630) (26,824,860)
Proceeds under credit facility 29,400,000 44,952,688 41,985,860
Repayments under credit facility (37,900,000) (50,472,045) (52,067,717)
Credit facility interest paid (191,809) (293,798) (492,331)
Credit facility commitment fees paid (417,751) (339,296) (616,146)
Credit facility arrangement fees and expenses paid (100,000) - -
Net cash outflow from financing activities (22,154,018) (19,582,081) (41,103,224)
Net decrease in cash and cash equivalents (1,340,191) (28,898,645) (33,938,604)
Cash and cash equivalents at the start of the period / year 2,939,408 36,793,674 36,793,674 (MORE TO FOLLOW) Dow Jones Newswires
September 07, 2021 02:00 ET (06:00 GMT)
