19th Jul 2005 07:00
NCC Group PLC19 July 2005 Consolidated profit and loss accountfor the year ended 31 May 2005 Note Before Before goodwill Goodwill goodwill Goodwill amortisation amortisation Total amortisation amortisation Total 2005 2005 2005 2004 2004 2004 £000 £000 £000 £000 £000 £000Turnover before movementin deferred income 18,786 - 18,786 15,316 - 15,316Deferred income (815) - (815) (797) - (797) Turnover from continuingoperations 2 17,971 - 17,971 14,519 - 14,519Cost of sales 4 (9,118) - (9,118) (7,634) - (7,634) Gross profit 8,853 - 8,853 6,885 - 6,885Administrative expenses 4 (2,752) (1,500) (4,252) (2,079) (1,505) (3,584) Operating profit fromcontinuing operations 6,101 (1,500) 4,601 4,806 (1,505) 3,301 Interest receivable 6 162 104Interest payable andsimilar charges 6 (534) (2,002) Exceptional finance costs 3 (861) - Profit on ordinaryactivities beforetaxation 3,368 1,403Tax on profit on ordinary activities 7 (1,473) (893) Profit on ordinaryactivities aftertaxation 1,895 510Dividends 8 (816) (4) Retained profit for thefinancial year 1,079 506 Earnings per shareBasic 9 6.1p 2.6pDiluted 9 6.0p 2.6p Adjusted for the impactof goodwill amortisationand exceptional itemsBasic 9 12.8p 10.3pDiluted 9 12.6p 10.3p There are no recognised gains or losses in the year other than the profit for each year. Consolidated balance sheetFor the year ended 31 May 2005 Note 2005 2005 2004 2004 £000 £000 £000 £000Fixed assetsIntangible assets 10 25,901 27,401Tangible assets 11 1,002 546 26,903 27,947Current assetsDebtors 12 3,672 3,524Cash at bank and in hand 5,103 4,278 8,775 7,802Creditors: amounts falling due within one year 13 (3,722) (2,778)Net current assets 5,053 5,024 Total assets less current liabilities 31,956 32,971 Accruals and deferred income 14 (6,225) (5,583) Creditors: amounts falling dueafter more than one year 15 (4,004) (26,566) Net assets 21,727 822 Capital and reservesCalled up share capital 17 326 100Share premium account 18 19,819 219Profit and loss account 18 1,605 526Shareholders' funds 21,750 845 Minority interest 19 (23) (23)Net assets 21,727 822 Shareholders' funds analysed asEquity 21,750 776Non-equity - 69 21,750 845 Company balance sheetFor the year ended 31 May 2005 Note £000 £000 £000 £000 2005 2005 2004 2004Fixed assetsInvestments 29,145 29,145 29,145 29,145Current assetsDebtors 12 207 134Cash at bank and in hand 512 309 719 443Creditors: amounts falling due within one year 13 (1,771) (1,426)Net current liabilities (1,052) (983)Total assets less current liabilities 28,093 28,162Accruals and deferred income 14 (142) (586)Creditors: amounts falling due after more than one year 15 (3,882) (26,566)Net assets 24,069 1,010 Capital and reservesCalled up share capital 17 326 100Share premium account 18 19,819 219Profit and loss account 18 3,924 691Equity shareholders' funds 24,069 1,010 Consolidated cash flow statementfor the year ended 31 May 2005 Note 2005 2004 £000 £000 Net cash inflow from operating activities 22 a 7,661 5,218 Returns on investments and servicing offinanceInterest received 123 104Receipt on disposal of interest rate swap 39 -Interest paid (1,020) (1,297)Exceptional finance cost (35) -Preference dividend (4) -Net cash outflow from returns on investment and servicing of finance (897) (1,193) TaxationCorporation tax paid (1,041) (924) Capital expenditureReceipt from sale of fixed assets 34 55Purchase of fixed assets (834) (203)Net cash outflow for capital expenditure (800) (148) Equity dividends paid (245) - Net cash inflow before financing 4,678 2,953 FinancingReceipt of bank loans 5,975 -Repayment of bank loans (12,875) (1,400)Repayment of loan notes (16,779) (1,363)Issue of ordinary share capital 19,826 223Net cash outflow from financing (3,853) (2,540) Increase in cash 22 b 825 413 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ncc