REG - Christie Group PLC - Half Yearly Report <Origin Href="QuoteRef">C3U.L</Origin> - Part 2

ChristieAnnouncement

29/10/2014 12:01

- Part 2: For the preceding part double click  ID:nRSP7330Ra 

operations                                                                                                                                                                             
 Profit / (loss) for the period                                                                327                              (796)                            190                               
 Adjustments for:                                                                                                                                                                                  
 - Taxation                                                                                    311                              67                               351                               
 - Finance costs                                                                               53                               60                               116                               
 - Depreciation                                                                                213                              285                              411                               
 - Amortisation of intangible assets                                                           60                               23                               153                               
 - Profit on sale of property, plant and equipment                                             (1)                              (28)                             (42)                              
 - Foreign currency translation                                                                10                               20                               102                               
 - Increase / (decrease) in provisions                                                         67                               (439)                            (672)                             
 - Movement in share option charge                                                             60                               43                               61                                
 - Retirement benefits                                                                         (332)                            (370)                            (365)                             
 - Decrease/ (increase) in non-current other receivables                                       34                               -                                (184)                             
 Changes in working capital (excluding the effects of exchange differences on consolidation):                                                                                                      
 - Decrease in inventories                                                                     -                                1                                1                                 
 - Decrease in trade and other receivables                                                     (1,653)                          (1,198)                          (9)                               
 - Increase /(decrease) in trade and other payables                                            106                              771                              (121)                             
 Cash used in continuing operations                                                            (745)                            (1,561)                          (8)                               
 Discontinued operations                                                                                                                                                                           
 (Loss) for the period                                                                         -                                (29)                             (29)                              
 Adjustments for:                                                                                                                                                                                  
 - Finance costs                                                                               -                                -                                -                                 
 - Depreciation                                                                                -                                -                                -                                 
 - Loss on sale of property, plant and equipment                                               -                                24                               24                                
 - Foreign currency translation                                                                -                                1                                1                                 
 Changes in working capital (excluding the effects of exchange differences on consolidation):                                                                                                      
 - Decrease in trade and other receivables                                                     -                                28                               28                                
 - Decrease in trade and other payables                                                        -                                (371)                            (371)                             
 Cash used in discontinued operations                                                          -                                (347)                            (347)                             
 Cash used in operations                                                                       (745)                            (1,908)                          (355)                             
 
 
12. Cash and cash equivalents include the following for the purposes of the
cash flow statement: 
 
                            Half year to 30 June 2014£'000  Half year to 30 June 2013 £'000  Year ended 31 December 2013 £'000  
 Cash and cash equivalents  421                             334                              1,747                              
 Bank overdrafts            (2,993)                         (3,358)                          (3,877)                            
                            (2,572)                         (3,024)                          (2,130)                            
 
 
13. Related-party transactions 
 
There is no controlling interest in the Group's shares. 
 
During the period rentals of £159,000 (30 June 2013: £155,000; 31 December
2013: £310,000) were paid to Carmelite Property Limited, a company
incorporated in England and Wales, and jointly owned by The Christie Group
Pension and Assurance Scheme, The Venners Retirement Benefit Fund and The
Fitzroy Square Pension Fund, by Christie Group plc in accordance with the
terms of a long-term lease agreement. 
 
14. Publication of Interim Report 
 
The 2014 Interim Financial Statements are available on the Company's website
www.christiegroup.com 
 
This information is provided by RNS
The company news service from the London Stock Exchange