Half-yearly report
Embargoed for release at 7.00 a.m. on 26 September 2007
CENTROM GROUP plc
Interim results for six months ended 30 June 2007
Centrom Group plc (AIM:CET), a supplier of a broad range of
innovative IT solutions, with an emphasis on sales to the healthcare
and financial services sectors, announces interim results for the six
months ended 30 June 2007. These are the first figures prepared
under International Financial Reporting Standards and the comparative
amounts have been restated on that basis.
Highlights:
v Revenues �1.8m (2006: �1.8m)
v EBITD �121,361 (2006: loss �302,360 (before charging
exceptional items of �110,122)
v Gross margin 36.5% (2006: 26.0%)
v Net cash inflow from operations �80,342 (2006: outflow
�887,935)
v Canon Partnership - launch of Centrom developed software
product to enable electronic filing on Canon devices
v Addressing virtual management software market utilising VM
Ware products
Commenting, Gerald Malone, Chairman, said:
"This marked improvement in performance flows from management's
success in implementing the board's decision taken in April 2006 to
restructure the Group, reversing the trend of declining profit
margins, completing the elimination of loss making business -
unprofitable hardware sales - improving cash flow management and
focusing on the growth of high margin business. Having established
higher margins in all Centrom's core business activities the board
and management's priority is to increase revenue both by organic
growth and pursuing suitable strategic opportunities, a number of
which have been identified and are under consideration."
-Ends-
For further information please contact:
Gerry Malone, Chairman
Centrom Group plc
07711 085611 www.centrom.com
Noelle Greenaway / Peter Ward
Insinger de Beaufort (Nominated Adviser)
020 7190 7000 www.insinger.com
John Webb
Marshall Securities Limited (Broker)
020 7490 3788
CENTROM GROUP plc
Interim results for six months ended 30 June 2007
Chairman and CEO Statement
We are pleased to present the interim results for the six months
ended 30 June 2007.
Centrom is an independent Information Technology and Consultancy
company specialising in the provision of Managed Services and
solutions for Information Management, Risk Management and Records and
Case Management. Our solutions and services are aimed at helping
organisations meet their Information Management, Corporate Governance
and Compliance requirements. Centrom designs, implements and operates
large enterprise environments for both government and the private
sector and works in partnership with the leading suppliers of
Document and Records Management (EDRM), Process Management, and
Document Capture technologies, as well as technology suppliers for
Storage, Data Recovery and Virtualisation.
Centrom's specialist consultants are fully conversant with corporate
compliance legislation (e.g. MIFID, SOX, and DPA), and its Public
Sector division is highly experienced and knowledgeable on all
aspects of healthcare, patient records and the intricacies of data
transformation.
Financial results
These are the first results of the Group to be stated under
International Financial Reporting Standards (IFRS) and the
comparatives have been restated on this basis. The principal impact
of IFRS on the results has been in relation to:
* Goodwill which was previously amortised resulting in a charge to
profit and loss account of �184,267 in the six months ended 30
June 2006 is now subject to impairment reviews. No provision for
impairment has been made in the period;
* A provision for holiday pay which resulted in a charge to profit
and loss account of �21,813 in the six months ended 30 June 2006.
Previously no accrual was made for holiday pay.
The effect of these adjustments on the results, income statement,
balance sheet and equity of the Group are set out in note 7.
We are pleased to report an EBITD profit for the six months ended 30
June 2007 of �121,360 on revenues of �1,832,725, compared with a loss
of �302,360 for the half year to June 2006 on revenues of �1,829,889.
The improvement in gross margins in 2006 from 26% in the first half
to 34.8% in the second half continued in the first half of 2007 with
margins of 36.5%. Administrative costs remain under tight control -
�585,843, down from �827,782 in the same period last year.
Revenues of �1,832,725 this year include �359,335 from equipment and
software sales all of which relate to consultancy projects at
improved margins. In the same period last year revenues of �1,829,889
included equipment and software sales of �652,306 which generated a
margin of less than 5%. Our managed services and technical services
division focuses on data centres and our customers' use of them.
During the period we have reorganised this work resulting in a higher
margin. Consulting services have increased over last year but were
affected by a number of projects which have started in the second
half of this year although they were planned to start in the first
half.
Projects and Partners
Enhanced focus on securing technology specific Partners, such as Open
Text and Canon and utilising VM Ware virtual management software, has
enabled Centrom to establish growth in each of its core sectors. The
application of knowledge within the areas of compliance and corporate
governance remain a 'growth' opportunity for both Centrom and its
Technology Partners. The first software product developed by Centrom
for Canon has been launched for the Education and Government markets
and further research is being focused on 'green' issues with data
centre and storage partners and software providers, such as SUN,
Hitachi Data Systems and VM Ware.
As the requirement for driving additional, quantifiable value from
technology investment within customers' businesses intensifies,
Centrom has demonstrated through a technology migration for the
London Teaching Hospitals, delivered with partner and customer iSoft,
how a full understanding of virtualisation techniques and project
management delivers customer satisfaction. The Open Text partnership
promises to provide Centrom with a number of substantial corporate
and government opportunities utilising both technical and business
skills and experience.
Outlook
We have seen continued progress in July and August as the technical
and managed services divisions benefit from reorganisation earlier in
the year. In the consulting area we have taken steps to focus more on
the timing of assignments. Our team has skills for which there is
strong demand and we have recently strengthened the team to meet the
work flow.
We have reviewed and continue to review opportunities to grow the
Group through partnership and acquisition.
Gerald Malone Mike Boseley
Chairman
CEO
26 September 2007
CENTROM GROUP plc
Group Income
Statement
for the six months
ended 30th June 2007
Unaudited Unaudited
6 months 6 months Year ended
ended 30 June ended 30 31 December
Notes 07 June 06 2006
*Restated *Restated
� � �
Revenue 1,832,725 1,829,889 3,553,988
Cost of sales (1,163,388) (1,350,928) (2,475,372)
Gross profit 669,337 478,961 1,078,616
.
Administrative costs (585,843) (827,782) (1,399,642)
Other operating
income - 750 1,000
Operating
profit/(loss) 83,494 (348,071) (320,026)
Exceptional item 3 - (110,122) (116,690)
Operating
profit/(loss) after
exceptional item 83,494 (458,193) (436,716)
Finance income - 1,025 3,341
Finance charges (10,224) (1,335) (53,213)
Profit/(loss) before
taxation 73,270 (458,503) (486,588)
Taxation (22,000) - (23,356)
Profit/(loss) for the
period 51,270 (458,503) (509,944)
Minority interests - - 138
Profit/(loss) for the
period attributable
to members of the
parent company 51,270 (458,503) (509,806)
Earnings/(loss) per
share
Basic (pence) 4 0.02 (0.24) (0.25)
Diluted (pence) 4 0.02 (0.24) (0.25)
The results for the period are derived
from continuing activities.
*Restated to reflect the adoption of IFRS
as per note 7.
The group has no recognised gains or losses other than
the results for the period/year.
Accordingly no Statement of Recognised Income and
Expenditure has been prepared.
CENTROM GROUP plc
Group Balance Sheet
as at 30th June 2007
Unaudited Unaudited
30 June 2007 30 June 2006 31 December 2006
*Restated *Restated
� � �
Non current assets
Goodwill and
intangible assets 7,750,287 7,731,727 7,751,537
Property plant and
equipment 88,524 168,780 117,370
Deferred tax asset 349,053 335,177 371,053
8,187,864 8,235,684 8,239,960
Current assets
Inventories - 10,203 -
Trade and other
receivables 608,484 738,103 1,036,367
Cash and cash
equivalents 3,348 - 1,605
611,832 748,306 1,037,972
Total assets 8,799,696 8,983,990 9,277,932
Current liabilities
Trade and other
payables (836,462) (816,270) (1,109,814)
Deferred income (486,918) (716,016) (694,717)
Financial liabilities (73,679) (183,262) (111,034)
Current tax
liabilities (64,699) - (64,699)
(1,461,758) (1,715,548) (1,980,264)
Non current
liabilities
Financial liabilities (69,667) - (80,667)
Total liabilities (1,531,424) (1,715,548) (2,060,931)
Net assets 7,268,271 7,268,442 7,217,001
Capital and reserves
Called up share
capital 2,087,834 2,087,834 2,087,834
Share premium 6,462,415 6,462,415 6,462,415
Profit and loss
account (1,423,157) (1,423,124) (1,474,427)
Equity shareholders'
funds 7,127,092 7,127,125 7,075,822
Minority interests 141,179 141,317 141,179
Total equity 7,268,271 7,268,442 7,217,001
CENTROM GROUP plc
Group Cash Flow Statement
for the six months ended 30th
June 2007
Unaudited Unaudited
6 months 6 months
ended 30 ended 30 Year ended 31
June 07 June 06 December 2006
*Restated *Restated
� � �
Cash flows from operating
activities
Operating profit/(loss) 83,494 (348,071) (320,026)
Exceptional item - (110,122) (116,690)
Depreciation of plant and
equipment 39,116 46,022 108,959
Loss on disposal of fixed
assets - - 525
Taxation - - (4,268)
Decrease in inventories - 6,397 16,600
(Increase)/decrease in
receivables 427,883 (171,799) (460,327)
Increase in payables (470,151) (310,362) (435,527)
Net cash inflow/(outflow) from
operating activities 80,342 (887,935) (1,210,754)
Investing activities
Payments to acquire intangible
assets - - (19,810)
Payments to acquire property,
plant and equipment (9,020) (5,364) (17,417)
Net cash outflow from investing
activities (9,020) (5,364) (37,227)
Financing activities
Issue of ordinary share capital - 300,000 300,000
New borrowings - - 260,000
Repayment of borrowings (11,000) - (12,590)
Finance income - 1,025 3,341
Interest on bank loans (10,224) (1,335) (53,213)
Net cash inflow/(outflow) from
financing activities (21,224) 299,690 497,538
Increase/(decrease) in cash and
cash equivalents 50,098 (593,609) (750,443)
Opening cash and cash
equivalents (340,096) 410,347 410,347
Closing cash and cash
equivalents (289,998) (183,262) (340,096)
CENTROM GROUP
plc
Group Statement of
Changes in Equity
As at 30
June 2007
Share Profit and Equity
Share premium loss shareholders' Minority Total
capital account account funds interests equity
*Restated *Restated *Restated
� � � � � �
At 1
January
2006 as
previously
stated 1,787,834 6,462,415 (958,318) 7,291,931 141,317 7,433,248
Prior
period
effect of
adoption
of IFRS - - (6,303) (6,303) - (6,303)
At 1
January
2006 as
restated 1,787,834 6,462,415 (964,621) 7,285,628 141,317 7,426,945
Issue of
share
capital 300,000 - - 300,000 - 300,000
Loss for
the half
year to 30
June 2006 - - (458,503) (458,503) - (458,503)
At 30 June
2006 2,087,834 6,462,415 (1,423,124) 7,127,125 141,317 7,268,442
Loss for
the half
year to 31
December
2006 - - (51,303) (51,303) (138) (51,441)
At 31
December
2006 2,087,834 6,462,415 (1,474,427) 7,075,822 141,179 7,217,001
Profit for
the half
year to 30
June 2007 - - 51,270 51,270 - 51,270
At 30 June
2007 2,087,834 6,462,415 (1,423,157) 7,127,092 141,179 7,268,271
CENTROM GROUP plc
Notes to the Financial
Information
for the six months ended 30 June 2007
1 Basis of preparation
The Group's previous financial statements have been prepared under UK
Generally Accepted Accounting Principles (UK GAAP). However, for the
financial year ended 31 December 2007 the Group will prepare its
annual consolidated financial statements in accordance with
International Financial Reporting Standards (IFRS) as adopted by the
European Union (EU) and implemented in the UK.
The Group's date of transition to IFRS was 1 January 2006 at which
date the Group prepared its opening IFRS balance sheet. The financial
information for the six months ended 30 June 2007 is unaudited and
has been prepared in accordance with the Group's accounting policies,
based on IFRS standards that are expected to apply for the financial
year 2007. The financial information for the six months ended 30 June
2006 is also unaudited and has also been restated under IFRS.
An explanation of the impact of the transition from UK GAAP to IFRS
and the effect on the Group's results and income statements for the
period ended 30 June 2006 and the year ended 31 December 2006 and the
equity and balance sheets as at 1 January 2006, 30 June 2006 and 31
December 2006 is set out in note 7.
The interim financial information set out in this report, including
the transition to IFRS of the 31 December 2006 accounts, has not been
audited. The interim financial information does not constitute full
accounts for the purposes of Section 240 of the Companies Act 1985.
The figures for the year ended 31 December 2006 have been extracted
from the audited accounts for that period. The accounts for the
period ended 31 December 2006, prepared under UK GAAP, contained an
unqualified auditors' report and have been filed with the Registrar
of Companies.
Accounting
2 policies
Basis of consolidation
The consolidated financial statements incorporate the financial
statements of the company and all group undertakings. These are
adjusted where appropriate to conform to group accounting policies.
The results of companies acquired or disposed of are included in the
group profit and loss account after or up to the date that control
passes respectively. As a consolidated group profit and loss account
is published, a separate profit and loss account for the parent
company is omitted from the group financial statements by virtue of
section 230 Companies Act 1985.
Revenue
Revenue, excluding VAT, comprises the value of maintenance contracts,
managed service contracts, professional services and hardware sales.
Each contract is specifically tailored to meet the requirements of
the customer and contracts for maintenance and managed services can
be for more than one year.
The sale of hardware is recognised when it is delivered to the
customer. Where maintenance contracts are made directly with the
hardware supplier the turnover is recognised when the associated
hardware is delivered to the end user. Where the contract for
maintenance support and managed services is provided by the Group
itself the turnover is recognised in accordance with the percentage
completion of the contract.
For professional services on contracts that span the year end revenue
is recognised to the extent that the work has been completed.
Development expenditure
Development expenditure which is separately identifiable and related
to specific projects is capitalised as an intangible asset to the
extent that the outcome of the project is technically feasible and
commercially viable. Amortisation will commence upon the full
commercial application of the product under development, over the
period that economic benefits are expected to be derived.
Fixed assets
All fixed assets are
initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset,
net of anticipated disposal proceeds, over the useful economic life
of that asset as follows:
Leasehold land and buildings over the lease term
25% straight line on
Plant and equipment cost
Goodwill
Goodwill arising on consolidation represents the excess of the fair
value of the consideration paid over the fair value of the
identifiable net assets acquired at the date of consolidation.
Goodwill is recognised as an asset on the Group's balance sheet in
the year in which it arises and is not amortised.
Goodwill on acquisitions arising before 1 January 2006 (the date of
transition to IFRS) has been recorded at its carrying amount under UK
GAAP, subject to being tested for impairment at that date.
Inventories
Inventories are valued at the lower of cost and net realisable value
on a first in first out basis, after making due allowance for
obsolete and slow moving items.
Deferred taxation
Full provision is made for deferred taxation resulting from timing
differences between the recognition of gains and losses in the
accounts and their recognition for tax purposes with the exception
that deferred tax assets are recognised only to the extent that the
directors consider that it is more likely than not that there will be
suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is calculated at the tax rates which are expected to
apply in the periods when the timing differences will reverse, based
on tax rates and laws enacted or substantively enacted at the balance
sheet date.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at
the date of the transaction. Foreign exchange differences arising on
translation are recognised in the income statement for the period.
Operating lease arrangements
Rentals paid under operating leases are charged to income on a
straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme.
Contributions are charged to the profit and loss account as they
become payable in accordance with the rules of the scheme.
Impairment
The carrying amounts of the group's assets, other than stock (see
accounting policy on stocks) and deferred tax assets (see accounting
policy on deferred tax) are reviewed at each balance sheet date to
determine whether there is any indication of impairment. If any such
indication exists, the asset's recoverable amount is estimated.
Assets that have an indefinite useful life are not subject to
amortisation and are tested annually for impairment.
An impairment loss is recognised for the amount by which the asset's
carrying amount exceeds its recoverable amount. Impairment losses are
recognised in the income statement.
(i) Calculation of recoverable amount
The recoverable amount of assets is the greater of their net selling
price and value in use. In assessing value in use, the estimated
future cash flows are discounted to their present value using a
pre-tax discount rate that reflects current market assessment of the
time value of money and the risks specific to the asset. For an asset
that does not generate largely independent cash inflows, the
recoverable amount is determined for the cash-generating unit to
which the asset belongs.
(ii) Reversals of impairment
An impairment loss is reversed if there has been a change in the
estimates used to determine the recoverable amount.
An impairment loss is reversed only to the extent that the asset's
carrying amount does not exceed the carrying amount that would have
been determined, net of depreciation or amortisation, if no
impairment loss had been recognised.
3 Exceptional item
The exceptional item relates to restructuring costs in 2006 arising
on the closure of the Enterprise Division supplying stand alone
hardware and software products. Hardware and software products are
only supplied as part of an overall solution where services are also
provided.
Profit per
4 ordinary share
The calculation of basic profit/(loss) per share has been calculated
on the net basis on the loss on ordinary activities after taxation of
�51,270 (2006 - (�458,503) loss) using the average number of 1p
ordinary shares in issue of 208,783,400 (2006 - 188,397,060).
The diluted profit/(loss) per share is based on a profit for the year
of �51,270 (2006 - (�509,806) loss) using the average number of 1p
ordinary shares of 208,783,400 (2006 - 198,180,660) after adjusting
for diluting options.
Unaudited Unaudited
6 months Year ended
6 months ended ended 30 31 December
30 June 07 June 06 2006
*Restated *Restated
� � �
Profit/(loss) for the
period 51,270 (458,503) (509,806)
Basic earnings/(loss)
per share
Weighted number of
shares in issue 208,783,400 188,397,060 198,180,660
Basic earnings/(loss)
per share (pence) 0.02 (0.24) (0.25)
Diluted loss per
share
Weighted number of
shares in issue 211,783,400 188,397,060 201,180,660
Dilutes
earnings/(loss) per
share (pence) 0.02 (0.24) (0.25)
5 Dividends
No dividend is
proposed.
6 Issue of equity
None issued in the period
Explanation of the
7 transition to IFRS
For all periods up to and including 31 December 2006, the Group
prepared its financial statements in accordance with UK GAAP.
The interim financial statements for the six months to 30 June 2007
are the first to be prepared by the Group using policies in
accordance with IFRS as adopted by the EU. The comparative figures
have been prepared on the same basis and have therefore been restated
from those previously prepared under UK GAAP.
In preparing these interim financial statements, the Group has
started from an opening balance sheet as at 1 January 2006, the date
of the Group's transition to IFRS. It has made those changes in
accounting policies and other restatements as required by IFRS 1, for
the first time adoption of IFRS.
The provisions of IFRS 1 allow first time adopters certain exemptions
from the general requirements to apply IFRS retrospectively in
determining the open balance sheet at the date of transition.
The Group has taken the following exemption:
Goodwill and business
combinations
The Group has elected not to apply IFRS 3 "Business Combinations"
retrospectively to transactions that took place prior to the
transition date. Consequently, goodwill arising on business
combinations before transition date remains at its previous UK GAAP
carrying value as at the date of transition.
The principal impact of IFRS on these financial statements has been
in relation to the following:
Amortisation of goodwill arising on consolidation has been
adjusted to reflect the carrying value of goodwill at 1 January
2006 (the date of transition).
A charge relating to provision for holiday pay is shown under
administrative costs.
The reconciliation between UK GAAP and IFRS for the Group's income
statements for the periods ended 30 June 2006 and the year ended 31
December 2006 and the total equity and balance sheets as at 1 January
2006 (the date of transition), 30 June 2006 and 31 December 2006 are
shown below:
Reconciliation of loss for the period ended 30 June 2006 and the year
ended 31 December 2006
Unaudited
6 months ended Year ended 31
30 June 06 December 2006
� �
Loss after tax under UK
GAAP (620,957) (871,164)
Amortisation adjustment 184,267 369,993
Holiday pay accrual (21,813) (8,635)
Loss after tax under
IFRS (458,503) (509,806)
Reconciliation of income statement for the six months
ended 30 June 2006
IFRS
UK GAAP effect IFRS
� � �
Revenue 1,829,889 - 1,829,889
Cost of sales (1,350,928) - (1,350,928)
Gross profit 478,961 - 478,961
Administrative costs (990,236) 162,454 (827,782)
Other operating income 750 - 750
Operating loss (510,525) 162,454 (348,071)
Exceptional item (110,122) - (110,122)
Operating loss after
exceptional item (620,647) 162,454 (458,193)
Finance income 1,025 - 1,025
Finance charges (1,335) - (1,335)
Loss before taxation (620,957) 162,454 (458,503)
Taxation - - -
Loss for the period (620,957) 162,454 (458,503)
Reconciliation of income statement for the year
ended 31 December 2006
IFRS
UK GAAP effect IFRS
� � �
Revenue 3,553,988 - 3,553,988
Cost of sales (2,475,372) - (2,475,372)
Gross profit 1,078,616 - 1,078,616
Administrative costs (1,761,000) 361,358 (1,399,642)
Other operating income 1,000 - 1,000
Operating loss (681,384) 361,358 (320,026)
Exceptional item (116,690) - (116,690)
Operating loss after
exceptional item (798,074) 361,358 (436,716)
Finance income 3,341 - 3,341
Finance charges (53,213) - (53,213)
Loss before taxation (847,946) 361,358 (486,588)
Taxation (23,356) - (23,356)
Loss for the period (871,302) 361,358 (509,944)
Minority interest 138 - 138
Loss attributable to members of
the parent company (871,164) 361,358 (509,806)
Reconciliation of equity as at 1 January 2006 (date of transition),
30 June 2006 and 31 December 2006
Unaudited
6 months
Year ended 1 ended 30 Year ended 31
January 2006 June 06 December 2006
� � �
Total equity under UK
GAAP 7,433,248 7,112,291 6,861,946
Holiday pay accrual (6,303) (28,116) (14,938)
Amortisation
adjustment - 184,267 369,993
Total equity under
IFRS 7,426,945 7,268,442 7,217,001
Reconciliation of balance sheet
presentation at 1 January 2006
(Date of transition
to IFRS)
UK GAAP IFRS effect IFRS
� � �
Non current assets
Goodwill and
intangible assets 7,731,727 - 7,731,727
Property plant and
equipment 209,437 - 209,437
Deferred tax asset 335,178 - 335,178
8,276,342 - 8,276,342
Current assets
Inventories 16,600 - 16,600
Trade and other
receivables 566,304 - 566,304
Cash and cash
equivalents 492,989 - 492,989
1,075,893 - 1,075,893
Total assets 9,352,235 - 9,352,235
Current liabilities
Trade and other
payables (718,494) (6,303) (724,797)
Deferred income (1,117,851) - (1,117,851)
Financial liabilities (82,642) - (82,642)
(1,918,987) (6,303) (1,925,290)
Non current
liabilities - - -
Total liabilities (1,918,987) (6,303) (1,925,290)
Net assets 7,433,248 (6,303) 7,426,945
Capital and reserves
Called up share
capital 1,787,834 - 1,787,834
Share premium 6,462,415 - 6,462,415
Profit and loss
account (958,318) (6,303) (964,621)
Equity shareholders'
funds 7,291,931 (6,303) 7,285,628
Minority interests 141,317 141,317
Total equity 7,433,248 (6,303) 7,426,945
Reconciliation of balance sheet presentation
at 30 June 2006
IFRS
UK GAAP effect IFRS
� � �
Non current assets
Goodwill and intangible assets 7,547,460 184,267 7,731,727
Property plant and equipment 168,780 - 168,780
Deferred tax asset 335,177 - 335,177
8,051,417 184,267 8,235,684
Current assets
Inventories 10,203 - 10,203
Trade and other receivables 738,103 - 738,103
748,306 - 748,306
Total assets 8,799,723 184,267 8,983,990
Current liabilities
Trade and other payables (788,154) (28,116) (816,270)
Deferred income (716,016) - (716,016)
Financial liabilities (183,262) - (183,262)
(1,687,432) (28,116) (1,715,548)
Non current liabilities - - -
Total liabilities (1,687,432) (28,116) (1,715,548)
Net assets 7,112,291 156,151 7,268,442
Capital and reserves
Called up share capital 2,087,834 - 2,087,834
Share premium 6,462,415 - 6,462,415
Profit and loss account (1,579,275) 156,151 (1,423,124)
Equity shareholders' funds 6,970,974 156,151 7,127,125
Minority interests 141,317 141,317
Total equity 7,112,291 156,151 7,268,442
Reconciliation of balance sheet
presentation at 31 December 2006
IFRS
UK GAAP effect IFRS
� � �
Non current assets
Goodwill and intangible
assets 7,381,544 369,993 7,751,537
Property plant and
equipment 117,370 - 117,370
Deferred tax asset 371,053 - 371,053
7,869,967 369,993 8,239,960
Current assets
Trade and other
receivables 1,036,367 - 1,036,367
Cash and cash
equivalents 1,605 - 1,605
1,037,972 - 1,037,972
Total assets 8,907,939 369,993 9,277,932
Current liabilities
Trade and other
payables (1,094,876) (14,938) (1,109,814)
Deferred income (694,717) - (694,717)
Financial liabilities (111,034) - (111,034)
Current tax liabilities (64,699) - (64,699)
(1,965,326) (14,938) (1,980,264)
Non current liabilities
Financial liabilities (80,667) - (80,667)
Total liabilities (2,045,993) (14,938) (2,060,931)
Net assets 6,861,946 355,055 7,217,001
Capital and reserves
Called up share capital 2,087,834 - 2,087,834
Share premium 6,462,415 - 6,462,415
Profit and loss account (1,829,482) 355,055 (1,474,427)
Equity shareholders'
funds 6,720,767 355,055 7,075,822
Minority interests 141,179 - 141,179
Total equity 6,861,946 355,055 7,217,001
The interim statement will be posted to shareholders and will be
available from the Company's Registered Office: Centrom House, 16
Church Road, Fleet, Hampshire GU51 3RH and from the Company's website
www.centrom.com
- ---END OF MESSAGE---
Centrom (LSE:CET)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Centrom (LSE:CET)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
