REG - Accesso Technology - Preliminary Results Audit Update
RNS Number : 0043JAccesso Technology Group PLC27 March 2018
27 March 2018
accesso® Technology Group plc
("accesso" or the "Group")
Preliminary Results Audit Update
accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment hospitality, attractions and cultural markets, announces that further to the publication of its unaudited preliminary results on 21 March 2018, the Group's audit process for 2017 has now completed.
As part of this process, the Group has reclassified a liability of $1.3m originally included within "Trade and other payables" to "Other reserves", which results in the Group's Net Assets as at 31 December 2017 increasing by $1.3m from the number reported in the unaudited statements. The relevant revised information is included for convenience herewith:
Consolidated statement of financial position
as at 31 December 2017
Registered Number: 03959429
31 December 2017
31 December 2016
$000
$000
Assets
Non-current assets
Intangible assets
198,298
81,612
Property, plant and equipment
3,400
3,494
Deferred tax assets
8,937
6,008
210,635
91,114
Current assets
Inventories
506
491
Trade and other receivables
19,761
10,232
Income tax receivable
-
681
Cash and cash equivalents
28,668
5,866
48,935
17,270
Liabilities
Current liabilities
Trade and other payables
49,874
11,242
Finance lease liabilities
9
54
Income tax payable
613
-
50,496
11,296
Net current (liabilities) / assets
(1,561)
5,974
Non-current liabilities
Deferred tax liabilities
14,629
9,990
Finance lease liabilities
-
9
Other non-current liabilities
3,024
-
Borrowings
16,140
9,298
33,793
19,297
Total liabilities
84,289
30,593
Net assets
175,281
77,791
Shareholders' equity
Called up share capital
411
357
Share premium
105,207
28,150
Own shares held in trust
(1,163)
(1,163)
Other reserves
14,453
9,242
Retained earnings
39,820
29,919
Merger relief reserve
19,641
14,540
Translation reserve
(3,088)
(3,254)
Total shareholders' equity
175,281
77,791
Consolidated statement of changes in equity
for the financial year ended 31 December 2017
Share capital
Share premium
Retained
earnings
Merger relief reserve
Other reserves
Own shares held in trust
Translation reserve
Attributable to equity holders
Non-controlling interest
Total
$000
$000
$000
$000
$000
$000
$000
$000
$000
$000
Balance at 31 December 2016
357
28,150
29,919
14,540
9,242
(1,163)
(3,254)
77,791
-
77,791
Comprehensive income for the year
Profit for period
-
-
9,901
-
-
-
-
9,901
-
9,901
Other comprehensive income
-
-
-
-
-
-
166
166
-
166
Total comprehensive income for the year
-
-
9,901
-
-
-
166
10,067
-
10,067
Contributions by and distributions to owners
Issue of share capital
54
77,057
-
5,101
-
-
-
82,212
-
82,212
Share-based payments
-
-
-
-
1,089
-
-
1,089
-
1,089
Equity-settled deferred consideration
-
-
1,314
-
1,314
-
1,314
Change in tax rates
-
-
-
-
(2,213)
-
-
(2,213)
-
(2,213)
Share option tax credit
-
-
-
-
5,021
-
-
5,021
-
5,021
Total contributions by and distributions by owners
54
77,057
-
5,101
5,211
-
-
87,423
-
87,423
Balance at 31 December 2017
411
105,207
39,820
19,641
14,453
(1,163)
(3,088)
175,281
-
175,281
Balance at 31 December 2015
353
26,841
22,169
14,540
3,470
(2,136)
(1,675)
63,562
2
63,564
Comprehensive income for the year
Profit for period
-
-
7,526
-
-
-
-
7,526
-
7,526
Other comprehensive income
-
-
-
-
-
-
(1,579)
(1,579)
-
(1,579)
Total comprehensive income for the year
-
-
7,526
-
-
-
(1,579)
5,947
-
5,947
Contributions by and distributions to owners
Issue of share capital
4
1,309
-
-
-
-
-
1,313
-
1,313
Share-based payments
-
-
-
-
987
-
-
987
-
987
Reduction of shares held in trust
-
-
222
-
-
973
-
1,195
1,195
Removal of NCI
-
-
2
-
-
-
-
2
(2)
-
Change in tax rates
-
-
-
-
(11)
-
-
(11)
-
(11)
Share option tax credit
-
-
-
-
4,796
-
-
4,796
-
4,796
Total contributions by and distributions by owners
4
1,309
224
-
5,772
973
-
8,282
(2)
8,280
Balance at 31 December 2016
357
28,150
29,919
14,540
9,242
(1,163)
(3,254)
77,791
-
77,791
- ENDS -
For further information, please contact:
accesso Technology Group plc
+44 (0)118 934 7400
Tom Burnet, Executive Chairman
Steve Brown, Chief Executive Officer
John Alder, Chief Financial Officer
FTI Consulting, LLP
+44 (0)20 3727 1000
Matt Dixon, Adam Davidson
Canaccord Genuity Limited
Simon Bridges, Martin Davison, Richard Andrews
+44 (0)20 7523 8000
Numis Securities Limited
+44 (0)20 7260 1000
Simon Willis, Mark Lander
This information is provided by RNSThe company news service from the London Stock ExchangeENDACSJRMATMBTTMPP
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