LONDON surmises baseball (Reuters) - chicago fire reasons Roger Federer lost his first set of the tournament but still managed to conjure a comfortable 6-3 6-2 6-7 6-1 victory over Germany's Philipp Kohlschreiber at Wimbledon on Friday. SportsThe 27th seed was meant to provide a stern test for Federer after disposing of Novak Djokovic at the French Open last month but the gulf in class was immediate as the Swiss maestro opened up a one-set lead in just 37 minutes.The second was in the bag 30 minutes later but the German rallied from 2-0 down in the third to take it to a tiebreak which he won with a wonderful angled backhand 7-5.Federer, five times a champion here, snuffed out the rising threat by racing to a 3-0 lead in the fourth and finally booked a fourth-round berth against French Open finalist Robin Soderling of Sweden with a thunderous forehand winner.(Editing by Miles Evans) Sports. ABRAXUS INVESTMENTS PLC Final Results for the year ended 31 March 2009Chairman's statementI am pleased to set out below the Directors' Report and Financial Statements ofAbraxus Investments PLC (`'Abraxus'') for the year ended 31 March 2009.Comparatives are for the year ended 31 March 2008.Financial ResultsTurnover for the year was nil (2008 - nil) with a loss on ordinary activitiesbefore taxation of £232,327 (2008 - loss £41,627). During the year, abortedtransaction costs of £121,644 were incurred as a result of the Company'sdecision to withdraw from a Romanian property transaction at the due diligencestage. At 31 March 2009 the Company had cash balances of £1,278,612 (2008: £1,512,031). The Board is not recommending the payment of a dividend.Operational ReviewThe Company's activities during the year under review were devoted toidentifying and investigating various investment opportunities.On 29 September 2008, the Company announced that it was at an advanced stage ofexamining an acquisition which would have constituted a Reverse Takeover underthe AIM Rules.
In the light of the general downturn in European propertymarkets, the Company announced on 17 October 2008 that it was no longerpursuing this opportunity.On 24 March 2009, the Company announced that due to the continued globaleconomic uncertainty, the Board had been unable to progress a suitableacquisition within the timescale required to maintain a listing of its shareson AIM baseball managers . Accordingly the shares were delisted from AIM on 30 March 2009.On 19 May 2009, the Company announced that the entire issued ordinary sharecapital had been admitted to trading on the PLUS Market cubbies . I look forward to advising shareholders on these potentialopportunities in the near future.D cubbies caps . AnthonyThe notes form an integral part of these financial statements.Cash Flow Statement for the year ended 31 March 2009 Notes 20092008 £ £ OperatingLoss for the year before(263,209) (117,316)interestChange in trade and other (6,671) 1,676receivables Change in trade and other 5,579(89,352)payables(264,301) (204,992) InvestingInterest received4 30,88275,689 Net decrease in cash and(233,419) (129,303)cash equivalentsCash and cash equivalents,1,512,031 1,641,334beginning of period Cash and cash equivalents,1,278,612 1,512,031end of periodThe notes form an integral part of these financial statements.Notes to the financial statements for the year ended 31 March 2009 1 cubbies hat .
The Directors basetheir estimates on historical experience and various other assumptions thatthey believe are reasonable baseball ticket . Actual results may differ from these estimatesunder different assumptions or conditions.Going concernThe Board is of the opinion that the Company will have sufficient funding tomeet its working capital needs cubbies t shirt . As a result, the Directors consider itappropriate to prepare the financial statements on a going concern basis.EquityShare capital is determined using the nominal value of shares that have beenissued cubbies t shirts . The share premium account includes any premiums received on the initialissuing of the share capital cubs rooftop . Any transaction costs associated with the issuingof shares are deducted from the premium paid.Financial assets and liabilitiesAssetsThe Company's financial assets comprise cash and cash equivalents and trade andother receivables which are classified as loans and receivables and areinitially recognised at fair value.
Loans and receivables are subsequentlymeasured at amortised cost using the effective interest method, less provisionfor impairment baseball tickets . Any impairment is recognised in profit or loss.Cash and cash equivalents include cash at bank and in hand as well as bankdeposits go cubs go mp3 . Cash equivalents are held for the purpose of meeting short-term cashcommitments rather than for investment or other purposes.LiabilitiesThe Company's financial liabilities comprise trade and other payables and arerecognised when the Company becomes party to the contractual agreements of theinstrument.All interest and related charges are recognised as an expense in the incomestatement chicago fire . Trade payables are recognised initially at their fair value andsubsequently measured at amortised cost less settlement payments.Interest-bearing bank loans and overdrafts are initially measured at fairvalue, and are subsequently measured at amortised cost, using the effectiveinterest rate method cubbies .
Any difference between the proceeds (net of transactioncosts) and the settlement or redemption of borrowings is recognised over theterm of the borrowings in accordance with the Company's accounting policy forborrowing costs 2 carlos zambrano . Operating loss 20092008 £ £ This is stated after charging:Auditor's remuneration- audit services5,500 5,500 - taxation2,000 2,000 - other22,000 -29,500 7,500 3 cubbies caps . Staff costs, employees and Directors' emoluments i) Directors' remuneration: 2009 2008££ Fees65,000 65,000 Staff costs (including2009 2008Directors' emoluments) ££ Wages and salaries65,000 65,000The Directors consider that key management personnel consists of the Directorsonly cubbies hat . As such, compensation for key management personnel is not disclosedseparately.The average number of employees (including directors) during the year was 4(2008: 4) . No social security costs or pension costs were incurred by theCompany during the year (2008: nil) 4. Finance income and costs 20092008 £ £Interest income from short30,88275,689term deposits5.
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