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| Date/Time | Headline | Source |
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| 18-03-10 | RNS |
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RNS Number : 7941I Alphameric PLC 18 March 2010 Alphameric plc Annual Information Update 18 March 2010 Annual Information Update for the 12 months up to and including 17 March 2010. In accordance with Prospectus Rule 5.2, the following information has been published or made available to the public over the previous 12 months in compliance with laws and rules dealing with the regulation of securities, issues of securities and securities markets. 1. RNS Announcements
In accordance with Article 27.3 of the Prospectus Directive, we confirm that to the best of our knowledge, the information relating to the Company referred to above is up to date at the date of this announcement but it is acknowledged that such disclosures may, at any time become out of date due to changing circumstances. 2. Documents filed at Companies House:
3. Availability of documents Copies of regulatory announcements published via RNS can be obtained from the Stock Exchange website at www.londonstockexchange.com. Copies of documents filed at Companies House can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ or via their website at www.companieshouse.gov.uk or through Companies House Direct at www.direct.companieshouse.gov.uk. Alternatively, copies of all regulatory announcements and documents filed at Companies House can be obtained from the Company Secretary, Alphameric Plc, Bishopsgate House, Broadford Park, Shalford, Guildford, Surrey. GU4 8ED Further information is available regarding the Company and its activities on the Company's website: WWW.alphameric.com Enquiries: Lorri Warrington Company Secretary 01483 293971 This information is provided by RNS The company news service from the London Stock Exchange END
AIUEAFDPFDLEEFF More |
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| 09-02-10 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 8538G
Alphameric PLC
09 February 2010
Embargoed until 0700 9 February 2010
Alphameric plc ("Alphameric" or the "Group")
Preliminary Results for the year ended 30 November 2009
Alphameric is a leading provider of end to end technology solutions to the gaming market in the UK and the Republic of Ireland comprising Electronic Point of Sale (EPoS) systems, display systems and a range of other value added business focussed solutions.
Alphameric is a 50% shareholder in AMRAC, its joint venture with Racecourse Media Services Limited ('RMS') (which is in turn owned by a number of the UK's foremost racecourses and Racecourse Investments Limited), which holds exclusive licences with 31 racecourses to broadcast pictures, audio and data from these courses to licensed betting offices within the UK and the Republic of Ireland on its television channel, TurfTV.
Highlights
· Successful year for the Group
Results
· Significantly improved financial performance, with pre-tax profits of £7.9 million (2008: pre-tax loss of £2.2 million) on revenues of £40.0 million (2008: £35.9 million)
· The Group's balance sheet is strong, with cash at the year-end of £20.8 million (2008: cash net of debt £17.8 million). The Group has no bank debt.
Operations
· AMRAC
- Alphameric's share of AMRAC's revenues grew to £26.1 million (2008: £20.6 million) and its share of profits grew to £7.1 million (after management charges) (2008: £3.4 million before exceptional administrative charges but after management charges)
- Subscriber base grew to more than 10,000 licensed betting offices
- Successful closure of long-running legal dispute
- Since the year end AMRAC has secured the extension until 2018 of its exclusive media rights with 30 of the UK's most prestigious racecourses
· Alphameric Solutions
- returned to profitable trading for the year, with an operating profit of £0.6 million (2008: operating loss of £0.5 million before exceptional administrative expenses) on turnover of £13.9 million (2008: £15.3 million)
- towards the end of the year Alphameric Solutions was awarded a major new contract for the supply of EPOS and ALBOS systems to the Tote
Recommencement of payment of dividend to shareholders
· The payment of dividends to shareholders recommenced during the year and it is the Board's intention to pursue a progressive dividend policy, returning a significant proportion of net profits to shareholders each year. The final dividend for the year of 0.95 pence (2008: nil) making the total dividend for the year 1.70p (2008: nil).
Board Change
· Alan Morcombe, Chief Executive of the Group since 1995 and Executive Chairman of TurfTV since 2007, is to stand down on 28 February 2010. The Board thanks Alan for all his endeavours over the years.
Peter Bertram, Chairman, commented:
"AMRAC now has over 10,000 licensed betting office subscribers for its TurfTV service, which represents the vast majority of the available marketplace. It has delivered a good trading performance for the year and has commenced the payment of dividends to its joint shareholders, Alphameric and Racecourse Media Services. The extension of its exclusive media rights with 30 of the UK's most prestigious UK horse racecourses underpins the business for the foreseeable future.
"Alphameric Solutions is now trading profitably, has refreshed much of its product offering and secured a major contract for roll out during 2010.
"The Group has a strong balance sheet, significant cash balances and has re-introduced a progressive dividend policy.
"I believe that the Group is now well positioned to generate enhanced levels of return for its shareholders whilst delivering growth in its core businesses.
"Alan Morcombe has been instrumental in setting up TurfTV and negotiating its media rights contracts and is leaving the business in good shape for the next stage of its development. The Board thanks Alan for all his endeavours over the years."
Alan Morcombe, Chief Executive, who leaves the Group on 28 February 2010, commented:
"I have enjoyed my time at Alphameric and leave the business in excellent shape. The last three years have been noteworthy with the emergence of TurfTV establishing a significant new profit stream for the group. The Alphameric team is a good one and I wish the Company every success."
- Ends -
For further information, please contact:
Alphameric plc
Peter Bertram, Chairman Today: 020 7067 0700
Mike McLaren, Finance Director Thereafter: 01483 293971
Weber Shandwick Financial
Nick Oborne / Clare Thomas 020 7067 0700
Notes to Editors
Alphameric plc and its subsidiaries (together 'Alphameric' or 'the Group') and Amalgamated Racing Limited ('AMRAC').
Alphameric is a leading provider of end to end technology solutions to the gaming market in the UK and the Republic of Ireland comprising Electronic Point of Sale (EPoS) systems, display systems and a range of other value added business focused solutions.
Alphameric is also a 50% shareholder in AMRAC, the joint venture company between Alphameric and Racecourse Media Services Limited (which is in turn owned by a number of the UK's foremost racecourses and Racecourse Investments Limited), which holds exclusive licences with 31 racecourses to broadcast pictures, audio and data from these courses to licenced betting offices within the UK and Republic of Ireland on its television channel, TurfTV.
ALPHAMERIC PLC
CHAIRMAN'S STATEMENT
YEAR TO 30 NOVEMBER 2009
Background to Alphameric plc
Alphameric plc and its subsidiaries (together 'the Group' or 'Alphameric') and Amalgamated Racing Limited ('AMRAC')
Alphameric is a leading provider of end to end technology solutions to the gaming market in the UK and the Republic of Ireland comprising Electronic Point of Sale (EPoS) systems, display systems and a range of other value added business focussed solutions.
Alphameric is a 50% shareholder in AMRAC, its joint venture with Racecourse Media Services Limited ('RMS') (which is in turn owned by a number of the UK's foremost racecourses and Racecourse Investments Limited), which holds exclusive licences with 31 racecourses to broadcast pictures, audio and data from these courses to licensed betting offices within the UK and the Republic of Ireland on its television channel, TurfTV.
Introduction
The financial year to 30 November 2009 was a successful year for the Group which saw the achievement of a number of key objectives, including:
· Significantly enhanced profits from AMRAC and the successful closure of its long running litigation;
· The return to profitable trading for the Alphameric Solutions business;
· The securing by Alphameric Solutions of a major new contract for the supply of EPoS and ALBOS systems to Tote Bookmakers; and
· The recommencement of the payment of dividends to shareholders.
Since the year end AMRAC has also secured the extension until 2018 of its exclusive media rights with 30 of the UK's most prestigious racecourses.
We look forward to working hard to continue the Group's success and to deliver acceptable levels of return for our shareholders going forward.
Results
- Consolidated Income Statement
Revenues for the year to 30 November 2009 increased to £40.0 million (2008: £35.9 million) which generated an improved operating profit of £7.7 million (2008: operating profit before exceptional administrative expenses and share based payment charges £2.9 million).
The Group returned a pre-tax profit of £7.9 million, compared to a loss before tax of £2.2 million last year.
The basic earnings per share were 3.0 pence (2008: 0.8 pence before exceptional administrative expenses).
In accordance with IAS 31; 'Interests in Joint Ventures' Alphameric's consolidated results include 50% of AMRAC's revenues, costs and balance sheet headings.
- Consolidated Balance Sheet
The Group's consolidated balance sheet remains robust with net assets at 30 November 2009 of £30.3 million including £20.8 million in cash (30 November 2008: net assets of £25.4 million including cash balances net of debt of £17.8 million).
In December 2008 the Group repaid all of its outstanding bank debt.
In January 2009 a term loan from Alphameric of £3 million (plus interest) was repaid in full by AMRAC.
AMRAC's customer supply contracts typically run annually from 1 January with a number of its larger customers paying in advance for the service. Consequently, the Group consolidated cash balances are usually higher in the earlier months of the financial year.
In December 2009 AMRAC entered into a series of contracts which extended its exclusive media rights with 30 racecourses until 2018; certain of these contracts required in advance payments to be made by AMRAC which have reduced its cash balances since the financial year end.
Review of Operations
- Alphameric Solutions (ASL)
ASL is focused on the provision of end to end technology to high street bookmakers, predominantly in the UK and the Republic of Ireland.
Having repositioned ASL over the past couple of years and lowered its overhead base, it is pleasing to note that ASL traded profitably for the year as a whole, marginally exceeding our own financial expectations. Towards the end of the financial year, we were pleased to announce that ASL had secured a major new contract to roll out its latest EPoS and display systems to Tote Bookmakers; the majority of the roll out will fall in the 2010 financial year.
ASL's revenues for the year were £13.9 million which produced an operating profit of £0.6 million (2008: revenues of £15.3 million; operating loss £0.5 million before exceptional administrative expenses).
- AMRAC
Through its television channel, TurfTV, AMRAC provides betting opportunities for bookmakers in the UK and the Republic of Ireland, predominantly focused on the best UK horse racing. The TurfTV television channel consists of pictures and associated real time race day data from 31 of the UK's horse racecourses, together with international horse racing and a range of virtual horse and dog race meetings. TurfTV is a closed user group service, delivered by satellite, to customers who pay in advance for the service.
During the year AMRAC's subscriber base rose to more than 10,000 licensed betting offices following the signing of BetFred as a long term customer in April 2009 and a number of independent bookmakers throughout the year.
In December 2009 AMRAC announced that it had signed exclusive agreements with 30 of its current 31 racecourses which extended its media rights relating to those racecourses by a further 5 years from 2013 to 2018. Under the terms of these contracts, which reflect the increasingly competitive market and pricing for racecourse media rights, £6.0 million of the race fees due for the 5 year period have been paid in advance by AMRAC. In addition, AMRAC has entered into new 3 year sponsorship agreements, with effect from 1 December 2009, with certain of the racecourses to reflect the long-term partnership arrangements in existence; the total cost to AMRAC of these sponsorship agreements is £4.6 million.
During the year a long running legal dispute between Alphameric, AMRAC and a large number of racecourses and William Hill, Ladbrokes and the Bookmakers Afternoon Greyhound Service Limited (BAGS) was finally settled following determination by the Court of Appeal in favour of Alphameric, AMRAC and the racecourses. On 9 November 2009 the Supreme Court refused to grant the claimants leave to appeal the Court of Appeal's decision. The majority of costs payable and receivable in relation to the dispute have been settled and accounted for as at 30 November 2009.
Alphameric's share of AMRAC's revenues for the year grew to £26.1 million which produced an increased operating profit share of £7.1 million after management charges (2008: revenue £20.6 million and operating profit £3.4 million before exceptional administrative charges).
Dividends
At a general meeting of the Company on 20 April 2009, shareholders approved a capital reorganisation which eliminated the deficit on the Company's profit and loss account. Subsequently the realisation by the Company of an element of its merger relief reserve and the resulting transfer to retained reserves placed the Company in a position to re-introduce the payment of dividends. An interim dividend for the year to 30 November 2009 of 0.75 pence per share was paid on 30 September 2009.
Going forward, subject to the Group's cash requirements, financial conditions and the availability of sufficient distributable reserves, and in the absence of alternative mechanisms, it is now your Board's intention that the Company pursues a progressive dividend policy that returns a significant proportion of net profits to shareholders each year.
The Directors are recommending a final dividend for the year to 30 November 2009 of 0.95 pence per share (2008: nil), payable on 31 March 2010 to shareholders on the register on 12 March 2010. This would bring the total dividends for the 2009 financial year to 1.70 pence per share (2008: nil).
Board Change
The group announces that Alan Morcombe, Chief Executive of the Group since 1995 and Executive Chairman of Turf TV since 2007, is to stand down on 28 February 2010. Alan has been instrumental in setting up Turf TV and negotiating its media rights contracts and is leaving the business in good shape for the next stage of its development. The Board thanks Alan for all his endeavours over the years.
Mike McLaren, Chief Operating Officer and Group Finance Director and James Soulsby, Commercial Director, will report directly to Peter Bertram, Chairman. The Board is seeking to appoint an additional independent non-executive director, and the search for a suitable candidate is underway.
Mike McLaren will replace Alan Morcombe as one of the two Alphameric representatives on the TurfTV Board. The senior management of TurfTV has recently been strengthened by the appointments of a Managing Director and Finance Director.
Outlook
AMRAC now has over 10,000 licensed betting office subscribers for its TurfTV service, which represents the vast majority of the available marketplace. It has delivered a good trading performance for the year and has commenced the payment of dividends to its joint shareholders, Alphameric and Racecourse Media Services. The extension of its exclusive media rights with 30 of the UK's most prestigious UK horse racecourses underpins the business for the foreseeable future.
Alphameric Solutions is now trading profitably, has refreshed much of its product offering and secured a major contract for roll out during 2010.
The Group has a strong balance sheet, significant cash balances and has re-introduced a progressive dividend policy.
I believe that the Group is now well positioned to generate enhanced levels of return for its shareholders whilst delivering growth in its core businesses.
Forward Looking Statements
This document includes forward looking statements concerning both the Group and AMRAC. Whilst these forward looking statements are made in good faith they are based upon the information available as at the date of this document and upon current expectations, projections and assumptions about future events. These forward looking statements are subject to risks, uncertainties and assumptions about the Group and AMRAC and should be treated with an appropriate degree of caution.
Peter Bertram
Chairman
9 February 2010.
ALPHAMERIC PLC
CONSOLIDATED INCOME STATEMENT
YEAR ENDED 30 NOVEMBER 2009
Note 2009 2008
£'000 £'000
Revenue 39,986 35,915
Operating costs (32,273) (33,010)
Operating profit before exceptional 7,713 2,905
administrative expenses and share-based payment
charge
3
Exceptional administrative expenses - (5,314)
Share-based payment charge - (180)
Operating profit/( loss) 7,713 (2,589)
Finance income 216 748
Finance costs (24) (343)
Profit/(loss) on ordinary activities before 7,905 (2,184)
taxation
Income tax (charge)/credit 5 (1,130) 57
Profit/(loss) for the financial year from 6,775 (2,127)
continuing operations
Loss for the financial year from discontinued 4 - (24,962)
operations
Profit/(loss) for the financial year attributable 6,775 (27,089)
to equity holders of the parent
Basic and diluted earnings/(loss) per share 6 2009 2008
pence pence
Basic and diluted earnings per share for the year from 3.0 0.8
continuing operations before exceptional administrative
expenses and share-based payment charge
Exceptional administrative expenses and share-based payment - (1.8)
charge per share
Basic and diluted earnings/(loss) per share - from continuing 3.0 (1.0)
operations
Basic and diluted earnings/(loss) per share - discontinued - (11.4)
operations
Total basic and diluted earnings/(loss) per share 3.0 (12.4)
ALPHAMERIC PLC
CONSOLIDATED BALANCE SHEET
30 NOVEMBER 2009
Note 2009 2008
£'000 £'000
Non current assets
Intangible assets 5,941 5,823
Property, plant and equipment 4,118 3,883
Deferred tax asset 1,787 2,536
11,846 12,242
Current assets
Inventories 2,532 2,040
Trade and other receivables 7,994 12,180
Cash and cash equivalents 20,763 19,202
31,289 33,422
Total assets 43,135 45,664
Current liabilities
Trade and other payables (10,987) (16,265)
Current tax liabilities (381) -
Financial liabilities - (1,393)
Provisions for liabilities (1,007) (1,161)
(12,375) (18,819)
Net current assets 18,914 14,603
Non current liabilities
Provisions for liabilities (458) (1,424)
Total liabilities (12,833) (20,243)
Net assets 30,302 25,421
Equity attributable to equity holders of the
parent
Called up share capital 8 5,635 5,635
Share premium account - 48,841
Other reserves - 905
Merger relief reserve 1,320 8,856
Special Reserve 8,822 -
Retained earnings/(losses) 14,525 (38,816)
Total equity
30,302 25,421
ALPHAMERIC PLC
CONSOLIDATED CASHFLOW STATEMENT
YEAR ENDED 30 NOVEMBER 2009
Note 2009 2008
£'000 £'000
Cash flows from operating activities
Cash generated from operations before exceptional 6,766 12,975
administrative expenses 9
Exceptional administrative expenses - (8,971)
Cash generated from operations 6,766 4,004
Interest paid (24) (343)
Net cash generated from operating activities 6,742 3,661
Cash flows from investing activities
Interest received 216 803
Purchase of property, plant and equipment (955) (1,612)
Purchase of intangible assets (235) -
Proceeds on disposal of discontinued operations - 17,300
Costs incurred on disposal of discontinued operations (1,120) (2,987)
Net cash generated (used in)/generated from investing (2,094) 13,504
activities
Cash flows from financing activities
Repayment of borrowings (1,393) (4,568)
Net proceeds from issue of ordinary share capital - 9,667
Dividends paid to the Company's shareholders (1,694) -
Net cash (used in )/generated from financing (3,087) 5,099
activities
Increase in cash and cash equivalents for the year 1,561 22,264
Cash and cash equivalents at beginning of year 19,202 (3,062)
Cash and cash equivalents at end of year 20,763 19,202
ALPHAMERIC PLC
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30 NOVEMBER 2009
Share Share Other Merger Special Retained (losses)/ Total
capital premium reserves relief reserve earnings
account reserve
£'000 £'000 £'000 £'000 £'000 £'000 £'000
At 1 December 2007 3,315 41,494 806 8,856 - (11,727) 42,744
Loss for the year and total - - - - - (27,089) (27,089)
recognised income and expense
for the year
Shares issued 2,320 - - - - - 2,320
Premium arising on shares - 7,347 - - - - 7,347
issued (net of issue cost)
Share-based payment charge - - 180 - - - 180
Impact of deferred tax on - - (81) - - - (81)
share-based payment charge
At 30 November 2008 5,635 48,841 905 8,856 - (38,816) 25,421
Profit and total recognised - - - - - 6,775 6,775
income and expense for the
year
Cancellation of share premium - (48,841) - - 6,608 42,033 (200)
Cancellation of merger relief - - - (1,309) 1,309 - -
reserve arising from the
disposal of the retail
business
Cancellation of merger relief - - - (6,227) - 6,227 -
reserve arising from the
liquidation of certain Group
companies
Reverse of share-based payment - - (905) - 905 - -
charges
Dividends paid - - - - - (1,694) (1,694)
At 30 November 2009 5,635 - - 1,320 8,822 14,525 30,302
1. BASIS OF REPORTING
This preliminary announcement for the year ended 30 November 2009 has been prepared in accordance with International Financial Reporting Standard (IFRS) as adopted by the European Union.
Details of the accounting policies are those set out in the annual report for the year ended 30 November 2008.
The preliminary financial information does not constitute statutory accounts (within the meaning of section 435 of the Companies Act 2006) for the financial years ended 30 November 2009 and 30 November 2008 but has been derived from those accounts. Statutory accounts for 2008 have been delivered to the Registrar of Companies and those for the financial year ended 30 November 2009 will be delivered following the Company's annual general meeting. The auditors have reported on those accounts and their reports were unqualified and did not contain statements under section 498 (2) or (3) of the Companies Act 2006.
2. SEGMENTAL INFORMATION
YEAR ENDED 30 NOVEMBER 2009
Solutions AMRAC Total
£'000 £'000 £'000
Revenue 13,867 26,119 39,986
Operating Profit 629 7,084 7,713
Net finance income 183 9 192
Profit on ordinary activities before taxation 812 7,093 7,905
Income tax credit /(charge) 1,030 (2,160) (1,130)
Profit for the financial year attributable to
the equity holders of the parent 1,842 4,933 6,775
Assets and liabilities
Segment assets 32,218 10,917 43,135
(4,996) (7,837) (12,833)
Segment liabilities
Net assets 27,222 3,080 30,302
Other information
Capital expenditure 753 202 955
Depreciation 468 215 683
Amortisation of intangibles 79 38 117
Impairment of inventories 4 - 4
YEAR ENDED 30 NOVEMBER 2008
Solutions AMRAC Total
£'000 £'000 £'000
Revenue 15,279 20,636 35,915
Operating (loss)/profit before exceptional (486)
administrative expenses and share based 3,391 2,905
payment charge
Exceptional administrative expenses (1,314) (4,000) (5,314)
Share- based payment charge (180) - (180)
Operating loss (1,980) (609) (2,589)
Net finance income 307 98 405
Loss on ordinary activities before taxation (1,673) (511) (2,184)
Income tax (charge)/credit (22) 79 57
Loss for the financial year from continuing (1,695) (432) (2,127)
operations
Loss for the financial year from discontinued (24,962)
operations
Loss for the financial year attributable to (27,089)
the equity holders of the parent
Assets and liabilities
Segment assets 38,237 7,427 45,664
(8,832) (10,018) (18,850)
Segment liabilities
Borrowings (1,393) - (1,393)
Total liabilities (10,225) (10,018) (20,243)
Net assets/(liabilities) 28,012 (2,591) 25,421
Other information
Capital expenditure 624 988 1,612
Depreciation 1,229 344 1,573
Amortisation of intangibles - 65 65
Impairment of inventories 220 - 220
3. EXCEPTIONAL ADMINISTRATIVE EXPENSES
There were no exceptional costs in the year to 30 November 2009.
In the year to 30 November 2008, exceptional costs totalled £5,314,000, of which £4,000,000 represented legal costs within AMRAC, with the balance arising within the Solutions business. The AMRAC exceptional costs relate to the legal costs of defending a claim bought against AMRAC, the company and others in the High Court and Court of Appeal against allegations that the nature of the exclusive arrangements under which AMRAC holds some of its media rights constituted 'collective exclusive licensing' in contravention of UK Competition law and the EC Treaty. The High Court and the Court of Appeal found in favour of AMRAC. Exceptional costs within the Solutions business comprised principally of the write down of certain assets following a review of carrying values, and a provision against an onerous contract.
4. RESULT OF DISCONTINUED OPERATIONS
The Hospitality operations represented a separate segment of business for Alphameric in 2008. As a result of the sale, these operations were treated as discontinued operations. A single amount is shown on the face of the consolidated income statement comprising the post-tax result of discontinued operations and the post-tax loss on the disposal of the business.
The income and expenses of Hospitality are reported separately from the continuing operations of the Alphameric group. The table below provides further detail of the amount shown on the consolidated income statement.
2009 2008
£'000 £'000
Revenue - 7,883
Operating loss before exceptional administrative expenses - (1,652)
Exceptional administrative expenses
- (3,657)
Operating loss - (5,309)
Net finance income - 55
Loss on ordinary activities from discontinued operations - (5,254)
before taxation
Income tax expense - (274)
Loss for the year from discontinued operations - (5,528)
Loss on disposal of discontinued operations - (19,434)
Loss for the year from discontinued operations - (24,962)
5. INCOME TAX EXPENSE/(CREDIT)
Income tax recognised in profit or loss
The relationship between the expected tax charge/(credit) based on the effective tax rate of the Group at 28% (2008:28%) and the tax charge/(credit) actually recognised in the income statement can be reconciled as follows:
2009 2008
£'000 £'000
Profit/(loss) for the year before taxation from continuing 7,905 (2,184)
operations
Loss for the year before taxation from discontinued - (24,688)
operations
Profit/(loss) for the year before taxation from continuing 7,905 (26,872)
and discontinued operations
Tax rate 28% 28%
Expected tax expense/(credit) 2,213 (7,524)
Adjustment for non-deductible items 238 5,850
(1,321) 2,160
Movement in deferred tax not provided
Effect of current year events on current tax prior year - (212)
balances
Effect of current year events on deferred tax prior year - (117)
balances
Impact of no IBA claw back on brought forward deferred tax - 60
Actual tax expense 1,130 217
Comprising
Current tax expense 381 -
Current tax - adjustments in respect of previous periods - (212)
Deferred tax expense 749 571
Deferred tax - adjustments in respect of prior periods - (142)
Total expense 1,130 217
Included within
Continuing operations 1,130 (57)
Discontinued operations - 274
1,130 217
The adjustments made to current tax in respect of previous periods relate to revisions of estimates previously made and adjustments to provisions previously considered necessary but are now considered surplus to requirements.
Income tax recognised directly in equity
2009 2008
£'000 £'000
Excess tax deductions related to share-based payments - 81
6. EARNINGS /(LOSS) PER SHARE
Earnings/(loss) per share 2009 2008
pence pence
Basic and diluted earnings per share for the year from 3.0 0.8
continuing operations before exceptional administrative
expenses and share-based payment charge
Exceptional administrative expenses and share-based payment - (1.8)
charge per share
Basic and diluted earnings/(loss) per share - from continuing 3.0 (1.0)
operations
Basic and diluted loss per share - discontinued operations - (11.4)
Total basic and diluted earnings/(loss)oss per share 3.0 (12.4)
Calculation of earnings/(loss) 2009 2008
£'000 £'000
Earnings for the year from continuing operations before 6,775 1,829
exceptional administrative expenses and share-based payment
charge
Exceptional administrative expenses and share-based payment - (3,956)
charge
Earnings/(loss) for the year from continuing operations 6,775 (2,127)
Loss for the year from discontinued operations - (24,962)
Earnings/(loss) used in the calculation of total basic and 6,775 (27,089)
diluted earnings/(loss) per share
Weighted average number of shares 2009 2008
million million
Weighted average number of shares for the purposes of the 225.4 218.7
basic and diluted earnings/(loss) per share (all measures)
Earnings/(loss) per share before exceptional administrative expenses and share-based payment charge has been presented in addition to the loss per share, as in the opinion of the Directors, this provides shareholders with a more meaningful representation of the earnings derived from the Group's on-going businesses.
7. DIVIDENDS
Ordinary dividends paid 2009 2008
£'000 £'000
Interim dividend paid for the year ended 30 November 2009 of 1,694
0.75 pence (2008: Nil pence) per ordinary share. -
8. CALLED UP SHARE CAPITAL
2009 2008
£'000 £'000
Authorised:
320,000,000 ordinary shares of 2.5p each 8,000 8,000
Number of shares Nominal value
'000 £'000
Allotted, called up and fully paid:
At 1 December 2007
132,597 3,315
Issued during the year ended 30 November
2008
92,818 2,320
At 30 November 2008 and at 30 November 2009
225,415 5,635
On 27 December 2007, the Company issued 92,817,967 ordinary shares of 2.5p each by way of a rights issue.
All shares rank pari passu.
9. RECONCILIATION OF PROFIT /(LOSS) BEFORE TAXATION TO NET CASH GENERATED FROM OPERATING ACTIVITIES BEFORE EXCEPTIONAL ADMINISTRATIVE EXPENSES AND SHARE-BASED PAYMENTS
2009 2008
£' 000 £' 000
Profit/(loss) before taxation from continuing 7,905 (2,184)
operations
Loss before taxation from discontinued operations - (5,254)
Finance income (216) (803)
Finance costs 24 343
Loss on disposal of property, plant and equipment 37 819
Share-based payment charge - 180
Exceptional administrative expenses - 8,971
Depreciation on property, plant and equipment 683 1,572
Amortisation of intangibles 117 65
(Increase) /decrease in inventories (492) 1,059
Decrease/(increase) in receivables 4,186 (842)
(Decrease)/increase in payables (5,478) 6,964
Increase in provisions for liabilities - - 2,085
Net cash generated from operating activities before 6,766 12,975
exceptiexceptional administrative expenses
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR GMGGZLRVGGZM
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| 04-02-10 | RNS |
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RNS Number : 7206G Alphameric PLC 04 February 2010 A second and final Price Monitoring Extension has been activated in this security. The closing auction call period is extended in this security for a further 5 minutes. Following the first price monitoring extension this security would still execute more than a pre-determined percentage above or below the price of the previous automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction call execution which will set today's closing price. The applicable percentage is set by reference to a security's TradElect sector. This is set out in the Sector Breakdown tab of the TradElect Parameters document at www.londonstockexchange.com/en-gb/products/membershiptrading/tradingservices This information is provided by RNS The company news service from the London Stock Exchange END
APMKKQDQABKDKBK More |
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| 04-02-10 | RNS |
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RNS Number : 7187G Alphameric PLC 04 February 2010 Today's closing auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security during the initial auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the last automated execution today. The applicable percentage is set by reference to a security's TradElect sector. This is set out in the Sector Breakdown tab of the TradElect Parameters document at www.londonstockexchange.com/en-gb/products/membershiptrading/tradingservices This information is provided by RNS The company news service from the London Stock Exchange END
PMETIMFTMBJMBAM More |
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| 11-03-10 | ||||
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brummell,thank you for your time explaining things i had thought i had till the 12th,another lesson learnt.
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| 11-03-10 |
1
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outillion,
No they are not wrong. If 12th is record date (the day your shares must be recorded on the register) then you need to buy on or before the 9th, because it takes 3 working days for the transaction to be settled and recorded. Ex dividend day is the first day on which it is too late to buy in order to get the dividend, in this case the 10th. |
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| 11-03-10 | ||||
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hi brummel i was looking on bbc share check last night and they showed ex div are they wrong?.
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| 11-03-10 |
HOLD
Re: x dividend
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outillion,
The 12th is the record date, and you must be recorded as a holder on that day to get the dividend. In order to be recorded as a holder you need to buy on the day before the ex-dividend date because it takes 3 days after buying to get on the register. |
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They have not been approved or issued by Interactive Investor Trading Limited.
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