REG - Andrews Sykes Group - Half-year Report <Origin Href="QuoteRef">ANSY.L</Origin> - Part 2

Andrews SykesAnnouncement

28/09/2017 09:30

- Part 2: For the preceding part double click  ID:nRSb9855Ra 

Called up share capital 
 
                                                                                                                                 30 June 2017    30 June 2016    31 December 2016  
                                                                                                                                 £'000           £'000           £'000             
 Issued and fully paid:                                                                                                                                                            
 42,262,082 ordinary shares of one pence each (30 June 2016 and 31 December 2016: 42,262,082 ordinary shares of one pence each)  423             423             423               
 
 
The company did not buy back any shares for cancellation during the 6 months
ended 30 June 2017 or either of the comparative periods. The company did not
issue any shares in the period or either of the comparative periods. No share
options were granted, forfeited or expired during any of the periods and there
were no share options outstanding at any period end. 
 
The company has one class of ordinary shares which carry no right to fixed
income. 
 
9       Cash generated from operations 
 
                                                                                   6 monthsended30 June2017    6 monthsended30 June2016    12 monthsended31 December 2016  
                                                                                   £'000                       £'000                       £'000                           
                                                                                                                                                                           
 Profit for the period attributable to equity shareholders                         6,570                       6,195                       14,473                          
 Adjustments for:                                                                                                                                                          
 Taxation charge                                                                   1,540                       1,334                       3,068                           
 Finance costs                                                                     59                          73                          150                             
 Finance income                                                                    (49)                        (145)                       (308)                           
 Inter-company foreign exchange gains and losses                                   51                          (1,062)                     (1,567)                         
 Profit on the sale of property, plant and equipment                               (292)                       (298)                       (462)                           
 Depreciation                                                                      3,013                       2,702                       5,310                           
                                                                                                                                                                           
 EBITDA*                                                                           10,892                      8,799                       20,664                          
                                                                                                                                                                           
 Excess of pension contributions compared with service andadministration expenses  (458)                       (326)                       (814)                           
 Workings capital movements:                                                                                                                                               
 Stocks                                                                            (728)                       (2,195)                     (2,251)                         
 Trade and other receivables                                                       (402)                       508                         (1,876)                         
 Trade and other payables                                                          (698)                       325                         1,970                           
 Cash generated from operations                                                    8,606                       7,111                       17,693                          
                                                                                                                                                                           
 
 
* Earnings Before Interest, Taxation, Depreciation, profit on the sale of
property, plant and equipment, Amortisation and non-recurring items. 
 
10     Analysis of net funds 
 
                                                    30 June 2017    30 June2016    31 December 2016  
                                                    £'000           £'000          £'000             
                                                                                                     
 Cash and cash equivalents per cash flow statement  22,453          20,590         22,819            
                                                                                                     
 Bank loans                                         (4,964)         (4,985)        (4,995)           
 Obligations under finance leases                   (86)            (213)          (151)             
 Gross debt                                         (5,050)         (5,198)        (5,146)           
 Net funds                                          17,403          15,392         17,673            
 
 
11     Distribution of interim financial statements 
 
Following a change in regulations in 2008, the company is no longer required
to circulate this half year report to shareholders. This enables us to reduce
costs associated with printing and mailing and to minimise the impact of these
activities on the environment. A copy of the interim financial statements is
available on the company's website, www.andrews-sykes.com. 
 
This information is provided by RNS
The company news service from the London Stock Exchange