REG - Christie Group PLC - Interim Results for six months ended 30 June 2017 <Origin Href="QuoteRef">C3U.L</Origin> - Part 2

ChristieAnnouncement

18/09/2017 07:30

- Part 2: For the preceding part double click  ID:nRSR9608Qa 

                                
 - Taxation                                                                                    376                              202                              516                               
 - Finance costs                                                                               61                               47                               111                               
 - Past services cost                                                                          -                                -                                (1,328)                           
 - Depreciation                                                                                258                              216                              480                               
 - Amortisation of intangible assets                                                           157                              136                              277                               
 - Profit on sale of property, plant and equipment                                             -                                (9)                              (10)                              
 - Foreign currency translation                                                                (25)                             (102)                            18                                
 - Increase / (decrease) in provisions                                                         19                               (738)                            (879)                             
 - Movement in share option charge                                                             117                              117                              238                               
 - Retirement benefits                                                                         (317)                            (283)                            (578)                             
 Changes in working capital (excluding the effects of exchange differences on consolidation):                                                                                                      
 - Increase in inventories                                                                     13                               (2)                              (23)                              
 - Increase in trade and other receivables                                                     (1,322)                          (919)                            (1,203)                           
 - Increase / (decrease) in trade and other payables                                           1,509                            (31)                             76                                
 Cash generated from / (used in)  operations                                                   1,202                            (2,735)                          (1,016)                           
 
 
11. Cash and cash equivalents include the following for the purposes of the
cash flow statement: 
 
                            Half year to 30 June 2017£'000  Half year to 30 June 2016 £'000  Year ended 31 December 2016 £'000  
 Cash and cash equivalents  3,385                           2,348                            1,637                              
 Bank overdrafts            (4,976)                         (4,637)                          (4,570)                            
                            (1,591)                         (2,289)                          (2,933)                            
 
 
12. Related-party transactions 
 
There is no controlling interest in the Group's shares. 
 
During the period rentals of £393,000 (30 June 2016: £164,000; 31 December
2016: £287,000) 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. 
 
13. Publication of Interim Report 
 
The 2017 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