REG - Aeorema Comms Plc - Final Results <Origin Href="QuoteRef">AEO.L</Origin> - Part 2

Aeorema CommunicationsAnnouncement

10/11/2017 11:15

- Part 2: For the preceding part double click  ID:nRSJ1795Wa 

flow on a regular basis. At the
year end, the Group has sufficient liquid resources to meets its obligations
of £1,540,698 (2016: £1,296,626). 
 
Market risk 
 
Market risk arises from the Group's use of interest bearing financial
instruments. It is the risk that the fair value of future cash flows of a
financial instrument will fluctuate. At the year end, the cash and cash
equivalents of the Group was £1,897,212 (2016: £1,427,723). The Group ensures
that its cash deposits earn interest at a reasonable rate. 
 
Capital risk 
 
The Group's objectives when managing capital are to safeguard the Group's
ability to continue as a going concern while maximising the return to
stakeholders. The capital structure of the Group consists of equity
attributable to equity holders of the parent, comprising issued share capital,
reserves and retained earnings as disclosed in the Group Statement of Changes
in Equity. At the year end, total equity was £1,657,515 (2016: £1,626,922). 
 
25 Pension costs defined contribution 
 
The Group makes pre-defined contributions to employees' personal pension
plans. Contributions payable by the Group for the year were £44,263 (2016:
£59,575). At the end of the reporting period £nil (2016: £12,880) of
contributions were due in respect of the period. 
 
26 Dividends 
 
On the 25 November 2016 a final dividend of 2 pence per share (total dividend
£181,010) was paid to holders of fully paid ordinary shares. 
 
In respect of the current year, the directors propose that a final dividend of
0.5 pence per share be paid to shareholders on 12 January 2018. The dividends
are subject to approval by shareholders at the Annual General Meeting and have
not been included as liabilities in these consolidated financial statements.
The proposed dividends are payable to all shareholders on the Register of
Members on 15 December 2017. The total estimated dividend to be paid is
£45,253. The payment of this dividend will not have any tax consequences for
the Group. 
 
27 Contingent Liability 
 
Company 
 
The company is a member of a group VAT registration with all other companies
in the Aeorema Communications group and, under the terms of the registration,
is jointly and severally liable for the VAT payable by all members of the
group.  At 30 June 2017 the company had no potential liability under the terms
of the registration. 
 
29 Control 
 
There is no overall controlling party. 
 
This information is provided by RNS
The company news service from the London Stock Exchange