Tristel PLC Half Yearly Report -3-
February 25 2015 - 2:00AM
UK Regulatory
--------- --------- --------- ---------- ----------- -------------- ------------- -----------
Total
transactions
with owners 5 233 - 3 (617) (376) 169 (207)
--------- --------- --------- ---------- ----------- -------------- ------------- -----------
Profit for the
period ended
31 Dec 2014 - - - - 773 773 - 773
Other
comprehensive
income:-
Exchange
differences
on
translation
of foreign
operations - - - (11) - (11) - (11)
--------- --------- --------- ---------- ----------- -------------- ------------- -----------
Total
comprehensive
income - - - (11) 773 762 - 762
--------- --------- --------- ---------- ----------- -------------- ------------- -----------
31 Dec 2014 407 9,517 478 (101) 2,323 12,624 7 12,631
========= ========= ========= ========== =========== ============== ============= ===========
CONDENSED CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2014
31-Dec-14 31-Dec-13 30-Jun-14
(unaudited) (unaudited) (audited)
GBP'000 GBP'000 GBP'000
Non-current assets
Goodwill 667 667 667
Intangible assets 5,593 5,584 5,637
Property, plant and equipment 1,319 1,159 1,277
Deferred tax 44 306 83
7,623 7,716 7,664
------------- ------------- -----------
Current assets
Inventories 1,997 1,836 2,063
Trade and other receivables 2,764 2,431 2,690
Cash and cash equivalents 2,945 1,621 2,664
7,706 5,888 7,417
Total assets 15,329 13,604 15,081
============= ============= ===========
Capital and reserves attributable to the
Company's equity holders
Called up share capital 407 400 402
Share premium account 9,517 9,151 9,284
Merger reserve 478 478 478
Foreign exchange reserves (101) (105) (93)
Retained earnings 2,323 1,434 2,167
Equity attributable to equity
holders of parent 12,624 11,358 12,238
------------- ------------- -----------
Minority interest 7 14 (162)
Total Equity 12,631 11,372 12,076
------------- ------------- -----------
Current liabilities
Trade and other payables 2,109 1,955 2,538
Interest bearing loans and borrowings 27 55 42
Current tax liabilities 329 196 213
Total current liabilities 2,465 2,206 2,793
------------- ------------- -----------
Non-current liabilities
Interest bearing loans and borrowings - 26 8
Deferred tax 233 - 204
------------- ------------- -----------
Total liabilities 2,698 2,232 3,005
Total equity and liabilities 15,329 13,604 15,081
============= ============= ===========
CONDENSED CONSOLIDATED CASH FLOW STATEMENT
FOR THE SIX MONTHS ENDED 31 DECEMBER 2014
6 months 6 months
ended ended Year ended
31-Dec-14 31-Dec-13 30-Jun-14
(unaudited) (unaudited) (audited)
GBP'000 GBP'000 GBP'000
Cash flows generated from
operating activities
Cash generated from operating Note
activities 6 1,070 1,628 3,250
Corporation tax (70) (28) 21
1,000 1,600 3,271
------------- ------------- ------------
Cash flows used in investing
activities
Interest received 7 2 6
Purchase of intangible assets (181) (197) (479)
Purchase of property, plant
and equipment (244) (285) (677)
Proceeds on sale of property,
plant and equipment 8 16 72
(410) (464) (1,078)
------------- ------------- ------------
Cash flows used in financing
activities
Loans repaid (25) (36) (66)
Interest paid - (6) (10)
Share issues 238 - 135
Equity dividends paid (512) (128) (272)
(299) (170) (213)
------------- ------------- ------------
Increase in cash and cash
equivalents 291 966 1,980
Cash and cash equivalents
at the beginning of the
period 2,664 627 627
Exchange difference on cash
and cash equivalents (10) 28 57
Cash and cash equivalents
at the end of the period 2,945 1,621 2,664
============= ============= ============
NOTES TO THE ACCOUNTS
FOR THE SIX MONTHS ENDED 31 DECEMBER 2014
1. PRINCIPal ACCOUNTING POLICIES
Basis of Preparation
For the year ended 30 June 2014, the Group prepared consolidated
financial statements under International Financial Reporting
Standards ('IFRS') as adopted by the European Commission. These
will be those International Accounting Standards, International
Financial Reporting Standards and related interpretations
(SIC-IFRIC interpretations), subsequent amendments to those
standards and related interpretations, future standards and related
interpretations issued or adopted by the IASB that have been
endorsed by the European Commission. This process is ongoing and
the Commission has yet to endorse certain standards issued by the
IASB.
These condensed consolidated interim financial statements (the
interim financial statements) have been prepared under the
historical cost convention. They are based on the recognition and
measurement principles of IFRS in issue as adopted by the European
Union (EU) and which are, or are expected to be, effective at 30
June 2015. They do not include all of the information required for
full annual financial statements, and should be read in conjunction
with the consolidated financial statements of the Group for the
year ended 30 June 2014. The interim financial statements have been
prepared in accordance with the accounting policies adopted in the
last annual financial statements for the year to 30 June 2014. The
accounting policies have been applied consistently throughout the
Group for the purposes of preparation of these condensed
consolidated interim financial statements.
Accounting Policies
The interim report is unaudited and has been prepared on the
basis of IFRS accounting policies.
The accounting policies adopted in the preparation of this
unaudited interim financial report are consistent with the most
recent annual financial statements being those for the year ended
30 June 2014.
2 Publication of non-statutory accounts
The financial information for the six months ended 31 December
2014 and 31 December 2013 has not been audited and does not
constitute full financial statements within the meaning of Section
434 of the Companies Act 2006.
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