Audioboom Group PLC Half Yearly Report -3-
July 24 2015 - 2:00AM
UK Regulatory
Consolidated statement of financial position
Unaudited Unaudited Audited
as at 31 as at 31 as at 30
May 2015 May 2014 Nov 2014
Notes GBP'000 GBP'000 GBP'000
Assets
Non-current assets
Intangible assets 1 3 1
Property, plant and equipment 45 6 36
46 9 37
---------- ---------- ----------
Current assets
Trade and other receivables 350 110 343
Cash and cash equivalents 6,191 3,064 8,867
6,541 3,174 9,210
---------- ---------- ----------
Total assets 6,587 3,183 9,247
---------- ---------- ----------
Current liabilities
Trade and other payables (586) (599) (379)
(586) (599) (379)
---------- ---------- ----------
Net current assets 5,955 2,575 8,831
---------- ---------- ----------
Net assets 6,001 2,584 8,868
========== ========== ==========
Equity
Share capital - - -
Share premium 3 20,167 11,931 20,132
Issue cost reserve (1,309) (680) (1,309)
Capital reserve - (706) -
Foreign exchange translation
reserve (37) 23 (26)
Reverse acquisition reserve (2,159) (2,334) (2,159)
Retained earnings (10,660) (5,649) (7,769)
Equity attributable to
owners of the Group 6,002 2,585 8,869
---------- ---------- ----------
Non-controlling interest (1) (1) (1)
Total equity 6,001 2,584 8,868
========== ========== ==========
Audioboom Group plc
Consolidated cash flow statement
Unaudited Unaudited Audited
six months five months 11 months
to 31 May to 31 May to 30 Nov
2015 2014 2014
Notes GBP'000 GBP'000 GBP'000
Loss from continuing operations (3,261) (2,078) (3,826)
------------ ------------- -----------
Loss for the period (3,261) (2,078) (3,826)
Adjustments for:
Taxation - (48) (48)
Interest - 1 (19)
Amortisation of intangible
assets 1 3 4
Adjustment on acquisition - 1,380 1,291
Depreciation of fixed assets 9 3 8
Share based and equity settled
payments 406 5 428
(Decrease)/Increase in trade
and other receivables (9) 50 (167)
Increase/(Decrease) in trade and
other payables 209 (31) (74)
Foreign exchange (gain)/loss (12) 12 (30)
------------ ------------- -----------
Cash flows from operating
activities (2,657) (702) (2,433)
Taxation - 48 48
Net interest (1) - 3
Net cash used in operating
activities (2,658) (654) (2,382)
------------ ------------- -----------
Investing activities
Purchase of property, plant
and equipment (18) - (35)
Acquisition costs - (60) (4)
Acquisition of subsidiary - 3,379 3,229
------------ ------------- -----------
Net cash generated (used in)/from
investing activities (18) 3,319 3,190
------------ ------------- -----------
Financing activities
Loan received - 150 150
Proceeds from issue of ordinary
share capital - 227 7,898
------------ ------------- -----------
Net cash generated from financing
activities - 377 8,048
------------ ------------- -----------
Net (decrease)/increase in cash
and cash equivalents (2,676) 3,042 8,856
------------ ------------- -----------
Cash and cash equivalents at beginning
of period 8,867 21 22
Effect of foreign exchange
rate changes - - (11)
------------ ------------- -----------
Cash and cash equivalents
at end of period 6,191 3,063 8,867
============ ============= ===========
Audioboom Group plc
Consolidated statement of changes in equity
Share Share Other Retained Total Non-controlling Total
capital premium reserves earnings interest equity
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
At 1 January 2014 38 2,888 709 (3,579) 56 - 58
Loss for the period - - - (2,076) (2,076) - (2,076)
Acquisition of subsidiary (38) 9,043 (4,411) - 4,594 - 4,594
Equity-settled share-based
payments - - - 5 5 - 5
Other comprehensive
income - - 4 - 4 - 4
Adjustment arising
from change in non-controlling
interest - - - - - (1) (1)
At 31 May 2014 - 11,931 (3,697) (5,650) 2,584 (1) 2,583
--------- --------- ---------- ---------- -------- ---------------- --------
Loss for the period - - (691) (3,825) (4,516) - (4,516)
Acquisition of subsidiary - (60) 1,396 1,370 2,706 - 2,706
Issue of shares - 8,120 (453) - 7,667 - 7,667
Equity-settled share-based
payments - 141 - 334 475 - 475
Other comprehensive
income - - (48) - (48) - (48)
Adjustment arising
from change in non-controlling
interest - - - - - (1) (1)
At 30 November 2014 - 20,132 (3,493) (7,769) 8,870 (1) 8,869
--------- --------- ---------- ---------- -------- ---------------- --------
Loss for the period - - - (3,261) (3,261) - (3,261)
Equity-settled share-based
payments - 35 (0) 371 405 - 405
Other comprehensive
income - - (12) - (12) - (12)
At 31 May 2015 - 20,167 (3,506) (10,660) 6,002 (1) 6,001
--------- --------- ---------- ---------- -------- ---------------- --------
Audioboom Group plc
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