ALINA HOLDINGS PLC Alina Holdings PLC
Annual Report
For the Year Ended 31 December 2021
DIRECTORS, SECRETARY AND ADVISERS
Directors | C Duncan Soukup, Chairman |
T Donell | |
M Porter | |
Registered Office | Eastleigh Court, |
Bishopstrow | |
Warminster | |
BA12 9HW | |
Company Secretary | Alasdair Johnston |
Solicitors to the Company | Locke Lord (UK) LLP |
201 Bishopsgate | |
London | |
EC2M 3AB | |
Eversheds Sutherland | |
One Wood Street | |
London | |
EC2V 7WS | |
Auditors | Jeffreys Henry LLP |
Finsgate 5-7 Cranwood Street | |
London EC1V 9EE | |
Registrars | Equiniti Limited |
Aspect House | |
Spencer Street | |
Lancing | |
BN99 6QQ | |
Company website | www.alina-holdings.com |
2 Alina Holdings PLC | Annual Report and Accounts 2021
CONTENTS
Page | |
Directors, Secretary and Advisers | 2 |
Highlights for the Year ended 31 December 2021 | 4 |
Report for the Year to 31 December 2021 | 5 |
Investment Strategy | 5 |
Chairman's Statement | 6 |
Strategic Report | 10 |
Corporate Responsibility Statement | 15 |
Governance | 17 |
Directors' Report | 23 |
Statement of Directors' Responsibilities | 27 |
Independent Auditors' Report to the members of Alina Holdings PLC | 29 |
Consolidated Statement of Income | 35 |
Consolidated Statement of Comprehensive Income | 36 |
Consolidated Statement of Financial Position | 37 |
Consolidated Statement of Cash Flows | 38 |
Consolidated Statement of Changes in Equity | 39 |
Notes to the Consolidated Financial Statements | 40 |
Company Balance Sheet as at 31 December 2021 with comparatives | 58 |
Notes to the Financial Statements | 59 |
Glossary | 64 |
Annual General Meeting | 66 |
Annual Report and Accounts 2021 | Alina Holdings PLC 3
HIGHLIGHTS FOR THE YEAR
ENDED 31 DECEMBER 2021
GROUP RESULTS 2021 VERSUS 2020
•• | Group Net Profit / (Loss) for the period - £000 | (£294) vs (£465) |
•• Group Earnings / (Loss) Per Share (both basic and diluted)*1 | (1.30p) vs (2.05p) | |
•• Reported Book value per share*2 | 27.5p vs 28.8p | |
•• | Cash - £000 | £1,767 vs £4,073 |
•• | Available for sale financial assets - £000 | £1,819 vs £nil |
•• | Property Holdings - £000 | £2,784 vs £2,762 |
•• | Current assets - £000 | £585 vs £558 |
*1 based on weighted average number of shares in issue of 22,697,000 (2020: 22,697,000)
*2 based on actual number of shares in issue as at 31 December 2021 of 22,697,000 (2020: 22,697,000)
4 Alina Holdings PLC | Annual Report and Accounts 2021
REPORT FOR THE YEAR TO 31 DECEMBER 2021
Alina Holdings PLC ("Alina" or the "Company") is a company registered on the Main Market of the London Stock Exchange.
In December 2020 the Company changed its accounting reference date to 31 December in each year, giving rise to a fifteen-month period. The period reported on in this document is for the 12 months to 31 December 2021, however the comparable figures are for a fifteen-month period as per IAS 1.
Future financial statements will report on 12 months periods to 31 December.
INVESTMENT STRATEGY
The Company's investment strategy is to identify and acquire interests in businesses, which, in the opinion of the directors, are capable of delivering long term value for its shareholders. The Company's initial strategy, as set out in its RNS of 28 September 2020, was to seek to acquire interests in companies in the European leisure, hospitality and entertainment sectors. The extended impact of Covid-19, rapidly followed by the war in Ukraine and excessive valuations in many markets has resulted in the directors researching and purchasing holdings, which the directors consider to offer better value, outside of the travel and leisure industries, whilst at the same time trying to mitigate market exposure.
The directors will continue to actively manage the Company's property portfolio and will sell properties only when the directors consider it to be in the best interests of the Company's shareholders to do so.
Annual Report and Accounts 2021 | Alina Holdings PLC 5
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Alina Holdings plc published this content on 26 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 13:40:08 UTC.
