News Column

Final Results for the year edned 31 December 2013

May 30, 2014

ECOVISTA PLC RESULTS FOR THE YEAR ENDED 31 DECEMBER 2013 Chairman's statement Overview The accounts for the year to 31 December 2013 showed a loss of GBP46,678, comparable to the loss in the previous year of GBP52,804.00. We have raised GBP163,000, which has been satisfied by the issue of 81,500,000 new ordinary shares, thus strengthening our balance sheet; we continue to keep a tight rein on costs; Outlook The company is actively seeking investments to enhance shareholder value. We are maintaining a tight control of the Company's resources, which we consider adequate to support current levels of expenditure. The cash resources remain adequate for the current level of activity but will be reviewed once further investment opportunities present themselves. The Directors are presented with opportunities on an ongoing basis from an extensive network of introducers. The company continues to focus on "green" eco friendly investments, although the board will also look at other global opportunities if they present good shareholder value. During the year we purchased an option to expire on 31 December 2015 as announced, to purchase the entire share capital of Cignella Sri, a Tuscany based Eco-village of villas powered by state of the art Geo Thermic Systems. We have also set up two wholly owned subsidiaries, currently dormant, to take advantage of additional 'Green' investment opportunities; the minor cost has been fully amortised. Since the year end, we have continued to invest in and develop the Eco-Village complex. The company continues to look at the electric car industry, in particular the electric car hire business. At this stage the products available are not suitable for that venture. The directors will continue to explore other opportunities and are currently looking at the alternative energy sector and recycling as well as other new opportunities in the 'green' sector as well as reviewing other opportunities in the natural resources industry. In accordance with the ISDX rules, since we have not made a material investment since admission we will seek approval at our Annual General Meeting for the further pursuit of our investment strategy as outlined above. L. Tenuta Chairman 29 May 2014 The Directors of the Issuer accept responsibility for this announcement. FOR FURTHER INFORMATION PLEASE CONTACT: Luca TenutaEcovista Plc Finsgate 5-7 Cranwood StreetLondon EC1V 9EE Tel: +44 (0) 844 967 0087 Nick MichaelsAlfred Henry Corporate Finance Limited Tel: +44 (0) 20 7251 3762 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2013 2013 2012 Notes GBP GBP Turnover - - Cost of sales - - ------- ------- Gross profit - - Administrative expenses (46,678) (52,804) ------- ------- Operating loss (46,678) (52,804) Interest received - - ------- ------- Loss on ordinary activities before taxation (46,678) (52,804) Tax on loss on ordinary activities - - ------- ------- - - Loss for the year (46,678) (52,804) ======= ======= Loss per share - Basic 2 (0.01p) (0.02)p The profit and loss account has been prepared on the basis that all operations are continuing operations. There are no recognised gains and losses other than those passing through the profit and loss account. BALANCE SHEET AS AT 31 DECEMBER 2013 2013 2012 GBP GBP GBP GBP Intangible Fixed Assets 250 250 Current assets Debtors 3,515 1,564 Cash at bank and in hand 284,940 205,021 ------- ------- 288,455 206,585 Creditors: amounts falling due within one year (313,206) (54,086) ------- ------- Net current assets (24,751) 152,499 ------- ------- Total assets less current liabilities (24,501) 152,749 Creditors: amounts falling due after - more than one year (300,000) ------- ------- (24,501) (147,251) ======= ======= Capital and reserves Called up share capital 132,015 130,772 Share premium 113,235 73,050 Unissued shares 128,000 - Profit and loss account (397,751) (351,073) ------- ------- Shareholders' funds - equity interests (24,501) (147,251) ======= ======= NOTES TO RESULTS FOR THE YEAR ENDED 31 DECEMBER 2013 1. The financial information set out above does not constitute statutory accounts for the purpose of Section 240 of the Companies Act 1985. The financial information has been extracted from the statutory accounts of Ecovista Plc and is presented using the same accounting policies, which have not yet been filed with the Registrar of companies, but on which the auditors gave an unqualified report on 29 May 2014. 2. Earnings per share Basic earnings per share are calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of ordinary shares during the period. The weighted average number of equity shares in issue was 422,121,055 (2012 - 331,331,730) and the loss after tax was GBP 46,678 (2012 - GBP 52,804).


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Source: Marketwire (UK Regulatory)


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