|
Consolidated Profit and Loss Account
For the year ended 30 September 2001
|
|
2001 |
2001 |
2000 |
| Turnover |
£000 |
£000 |
£000 |
| Acquisitions |
|
540 |
5,281 |
| Existing
Operations |
|
49,810 |
33,565 |
|
|
–––––––– |
–––––––– |
| Continuining
Operations |
|
50,350 |
38,846 |
| Cost
of Sales |
|
(28,088) |
(20,933) |
|
|
–––––––– |
–––––––– |
| Gross
profit |
|
22,262 |
17,913 |
| Net
operating expenses before impairment and goodwill amortisation |
(11,406) |
|
|
| Impairment
Charge |
(17,882) |
|
|
| Goodwill
amortisation |
(2,842) |
|
|
| |
–––––––– |
|
|
| Net
operating expenses |
|
(32,130) |
(7,540) |
|
|
–––––––– |
–––––––– |
| Operating
profit |
|
|
|
| Acquisitions |
|
56 |
1,497 |
| Existing
Operations |
|
(9,924) |
(8,876) |
|
|
–––––––– |
–––––––– |
| Continuing
operations |
|
(9,868) |
(10,373) |
Share
of accociate's operating profit/ (loss) before impairment and goodwill amortisation
|
522
|
|
|
| Impairement
charge |
(21,220) |
|
|
| Goodwill
amortisation |
(998) |
|
|
|
–––––––– |
|
|
| Share
of associates' operating (loss)/ profit |
|
(21,696) |
(128) |
| Profit
on disposal of interest in accociate |
|
589 |
- |
|
|
–––––––– |
–––––––– |
| (Loss)/profit
on ordinary activities before interest |
|
(30,975) |
10,245 |
| Interest
receivable |
|
1,166 |
383 |
| Interest
payable and similar charges |
|
(121) |
(312) |
|
|
–––––––– |
–––––––– |
| (Loss)/profit
on ordinary activities before taxation |
|
(29,930) |
(10,316) |
| Tax
on profit on ordinary activities |
|
(4,113) |
(4,101) |
|
|
–––––––– |
–––––––– |
| (Loss)/profit
on ordinary activities after taxation |
(14,197) |
(34,043) |
6,215 |
| Minority
Interests |
|
1,295 |
(243) |
|
|
–––––––– |
–––––––– |
| (Loss)/profit
for the financial year |
(14,234) |
(32,071) |
5,972 |
| Dividend
paid |
|
(1,323) |
(3,316) |
|
|
–––––––– |
–––––––– |
| Retained
(loss)/profit |
|
(34,071) |
2,656 |
|
|
======= |
======= |
| Earnings
per share |
|
|
|
| Headline
diluted |
|
3.7p |
4.4p |
| Basic |
|
(13.2p) |
3.3p |
| Diluted |
|
(13.2p) |
3.2p |
|
|
======= |
======= |
Consolidated Balance
Sheet
30 September 2001
|
|
2001
|
2000 |
|
£000 |
£000 |
|
|
|
| Fixed
assets |
|
|
| Goodwill |
36,011 |
47,331 |
| Tangible
assets |
1,994 |
1,812 |
| Associates |
2,285 |
21,337 |
| Other
Investments |
2,497 |
6,178
|
|
–––––––– |
–––––––– |
|
42,787 |
76,658 |
| Current
assets |
|
|
| Debtors |
18,793 |
19,605 |
| Cash
at bank and in hand |
16,255 |
2,722 |
|
–––––––– |
–––––––– |
|
35,048 |
22,327
|
| Creditors:
Amount fallingdue within one year |
(34,448) |
(52,666) |
|
–––––––– |
–––––––– |
| Net
current assets / (liabilities) |
600 |
(30,339) |
|
–––––––– |
–––––––– |
| Total
assets less current liabilities |
43,387 |
46,319 |
| Creditors:
Amounts fallen due after more than one year |
(62) |
(180) |
| Provisions
for liabilities and charges |
(2,577) |
(12,935) |
|
–––––––– |
–––––––– |
| Net
assets |
40,748 |
33,204 |
|
======= |
======= |
| Capital
& reserves |
|
|
| Called-up
share capital |
2,608 |
1,937 |
| Share
premium account |
69,571 |
26,221 |
| Option
Reserve |
1,001 |
1,853 |
| Proit
& loss acount |
(31,145) |
2,717 |
|
–––––––– |
–––––––– |
| Equity
shareholders' funds |
42,035 |
32,728 |
|
–––––––– |
–––––––– |
| Minority
interests
|
(1,287) |
476 |
|
–––––––– |
–––––––– |
| Total
capital employed |
40,748 |
33,204 |
|
======= |
======= |
Consolidated Cash Flow
Statement
For the year ended 30 September 2001
|
|
2001
|
2000 |
|
£000 |
£000
|
|
|
|
| Net
cash inflow from operating actvities |
13,303 |
8,426 |
| Returns
on investments and servicing of finance |
789 |
279 |
| Taxation |
(3,665) |
(2,531 |
| Capital
expenditure and financial investment |
(722) |
(3,260) |
| Acquisitions
and disposals |
(19,145) |
(33,049) |
| Equity
dividends paid |
(1,624) |
(2,428) |
|
–––––––– |
–––––––– |
| Cash
outflow before management of liquid resources and financing |
(11,064) |
(32,563) |
| Management
of liquid resources |
(2,300) |
13,278 |
| Financing
|
24,597 |
15,792 |
|
–––––––– |
–––––––– |
| Increase/(Decrease)
in cash in the year |
11,233 |
(3,493) |
|
======= |
======= |
|