Loss before tax from continuing operations (2,421) (4,302) (1,970) Finance costs 5 10 4 Finance income (6) (19) (16) Depreciation 5 106 211 106 Share option charge 162 242 40 Working capital adjustments Decrease/(increase) in trade and other receivables 34 (5) 57 Decrease/(increase) in prepayments 55 (10) (33) Increase/(decrease) in trade and other payables 178 62 (329) Increase in stock - (69) (61) (2,137) (4,286) Cash utilised in operations (1,546) Finance costs (4) (5) (10) Taxation received - - 213 Net cash outflow from operating activities (1,550) (2,142) (4,083) Investing activities Finance income 6 19 16 Purchase of fixed assets 5 (74) (36) (111) Net cash outflow from investing activities (58) (30) (92) Financing activities Issue of ordinary share capital - 4,952 4,952 Net cash inflow from financing activities - 4,952 4,952 Net (decrease)/ increase in cash and cash (1,608) 2,780 777 equivalents Cash and cash equivalents at the beginning of the 5,045 4,268 4,268 period Cash and cash equivalents at the end of the period 3,437 7,048 5,045 Notes to the Group Condensed Financial Statements General Information Quadrise Fuels International plc or the and its subsidiaries (together with the Company, the are (“QFI”, “Quadrise”, “Company”) “Group”) engaged principally in the manufacture and marketing of emulsified fuel for use in power generation, industrial and marine diesel engines and steam generation applications. The ordinary shares are quoted on the AIM market of the London Stock Exchange. Company’s QFI was incorporated on 22 October 2004 as a limited company under UK Company Law with registered number 05267512. It is domiciled and registered at Gillingham House, 38-44 Gillingham Street, London, SW1V 1HU. Summary of Significant Accounting Policies 2.1 Basis of Preparation
Loss before tax from continuing operations (1,970) (2,421) (4,302) Finance costs 4 5 10 Finance income (16) (6) (19) Depreciation 5 106 106 211 Share option charge 40 162 242 Working capital adjustments Decrease/(increase) in trade and other receivables 57 34 (5) Decrease/(increase) in prepayments 55 (10) (33) Increase/(decrease) in trade and other payables 178 62 (329) Increase in stock - (69) (61) Cash utilised in operations (1,546) (2,137) (4,286) Finance costs (4) (5) (10) Taxation received - - 213 Net cash outflow from operating activities (1,550) (2,142) (4,083) Investing activities Finance income 16 6 19 Purchase of fixed assets 5 (74) (36) (111) Net cash outflow from investing activities (58) (30) (92) Financing activities Issue of ordinary share capital - 4,952 4,952 Net cash inflow from financing activities - 4,952 4,952 Net (decrease)/ increase in cash and cash equivalents (1,608) 2,780 777 Cash and cash equivalents at the beginning of the period 5,045 4,268 4,268 Cash and cash equivalents at the end of the period 3,437 7,048 5,045 Notes to the Group Condensed Financial Statements General Information Quadrise Fuels International plc (“QFI”, “Quadrise”, or the “Company”) and its subsidiaries (together with the Company, the “Group”) are engaged principally in the manufacture and marketing of emulsified fuel for use in power generation, industrial and marine diesel engines and steam generation applications. The Company’s ordinary shares are quoted on the AIM market of the London Stock Exchange. QFI was incorporated on 22 October 2004 as a limited company under UK Company Law with registered number 05267512. It is domiciled and registered at Gillingham House, 38-44 Gillingham Street, London, SW1V 1HU. Summary of Significant Accounting Policies 2.1 Basis of Preparation
QFI%20Interims%2031%20Dec%2017.docx