REG - dotDigital Group plc - Interim Results <Origin Href="QuoteRef">DOTD.L</Origin> - Part 2
23/02/2016 07:11
- Part 2: For the preceding part double click ID:nRSW7755Pa
24,198 1,189 25,387
Net current assets 17,038 292 17,330
dotdigital Group Plc
Notes to interim financial statements
For the six months ended 31 December 2015
4. SEGMENTAL REPORTING (cont…)
6 months to 31 December 2014
UK RoW
Operations Operations Total
£'000s £'000s £'000s
Income statement
Revenue 8,697 1,295 9,992
Gross profit 7,827 999 8,826
Profit before income tax 2,174 366 2,540
Total comprehensive income attributable to the
owners of the parent 1,821 394 2,215
Financial position
Total assets 18,539 515 19,054
Net current assets 11,344 465 11,809
12 months to 30 June 2015
UK RoW
Operations Operations Total
£'000s £'000s £'000s
Income statement
Revenue 18,274 3,092 21,366
Gross profit 16,676 2,398 19,074
Profit before income tax 3,476 1,767 5,243
Total comprehensive income attributable to the
owners of the parent 2,895 1,764 4,659
Financial position
Total assets 21,591 819 22,410
Net current assets 12,964 660 13,624
dotdigital Group Plc
Notes to interim financial statements
For the six months ended 31 December 2015
5. DIVIDENDS
The proposed final dividend of £1,056,689 for the year ended 30 June 2015 of 0.36p per share was paid on the 29 January 2016.
6. EARNINGS PER SHARE
6 months 6 months 12 months
to 31 Dec 2015 to 31 Dec 2014 to 30 June 2015
Unaudited Unaudited Audited
Continuing operations
Earnings per Ordinary share:
Basic (pence) 1.04 0.77 1.63
Diluted (pence) 1.03 0.75 1.61
6 months 6 months 12 months
to 31 Dec 2015 to 31 Dec 2014 to 30 June 2015
Unaudited Unaudited Audited
£'000s £'000s £'000s
Profit for the period from continuing
operations for the purpose of basic earnings
per share excluding discontinued operations 2,994 2,187 4,656
dotdigital Group Plc
Notes to interim financial statements
For the six months ended 31 December 2015
6. EARNINGS PER SHARE (cont..)
Weighted average number of shares in issue as follows:
6 months 6 months 12 months
to 31 Dec 2015 to 31 Dec 2014 to 30 June 2015
Unaudited Unaudited Audited
Weighted average number
Basic 288,046,571 284,907,065 284,804,914
Diluted 290,951,657 292,274,982 289,806,680
7. RECONCILIATION OF PROFIT BEFORE CORPORATION TAX TO NET CASH GENERATED FROM OPERATIONS
6 months 6 months 12 months
to 31 Dec 2015 to 31 Dec 2014 to 30 June 2015
Unaudited Unaudited Audited
£'000s £'000s £'000s
Profit before income tax from all operations 3,313 2,540 5,243
Adjustments for:
Depreciation and amortisation 879 724 1,556
Loss on disposal of fixed assets - - (1)
Share based payments 51 47 106
Finance income (24) (12) (27)
Currency revaluation (26) 28 3
Decrease/(Increase) in trade and other receivables 114 (890) (1,666)
(Decrease)/Increase in trade and other payables (768) (950) 453
Net cash from operations 3,539 1,487 5,667
8. CALLED UP SHARE CAPITAL
During the period ended 31 December 2015, 7,182,724 Ordinary Shares of £0.005 per share (31 December 2014: 2,430,000 Ordinary Shares of £0.005 per share, 30 June 2015: 4,220,000 Ordinary Shares of £0.005 per share) were issued.
The issued share capital as at 31 December 2015 was 294,184,789 Ordinary Shares of £0.005 per share
(31 December 2014: 285,212,065 Ordinary Shares of £0.005 per share, 30 June 2015: 287,002,065 Ordinary
Shares of £0.005 per share as per the audited accounts).
dotdigital Group Plc
Notes to interim financial statements
For the six months ended 31 December 2015
9. RETAINED EARNINGS
In the 6 months to December 2014, 285,000
£0.005 Ordinary Shares with an aggregate
nominal value of £1,425 were purchased and are
held in treasury. A further 375,000 £0.005
Ordinary Shares with an aggregate value of
£1,875 were purchased in the 6 months to 30
June 2015 and are held in treasury. As a
result, 660,000 Ordinary shares are now held
in treasury and distributable reserves have
been reduced by £212,475, being the
consideration paid for these shares. The
interim figures for the 6 months to 31
December 2014 have been restated to reflect
this transaction.
10. RELATED PARTY NOTE
Transactions between the company and its
subsidiaries, who are related parties, have
been eliminated on
consolidation and are not disclosed in this
note.
Key management remuneration:
Key management include Directors and non
-executive Directors
The remuneration paid for key management for
employee services are as follows:
6 months 6 months 12 months
to 31 Dec 2015 to 31 Dec 2014 to 30 June 2015
Unaudited Unaudited Audited
£'000s £'000s £'000s
Remuneration and other short term benefits 368 384 1,002
Share based payments 9 - 20
Pension cost 22 28 60
399 412 1,082
dotdigital Group Plc
Notes to interim financial statements
For the six months ended 31 December 2015
10. RELATED PARTY NOTE (cont….)
6 months 6 months 12 months
to 31 Dec 2015 to 31 Dec 2014 to 30 June 2015
Unaudited Unaudited Audited
£'000s £'000s £'000s
The following transactions were carried out with related parties
Sale of services
Entities controlled by non - executive director of the Group:
Coms.com - Email marketing services - - 4
Cadence Performance Ltd - Email marketing services 2 2 3
2 2 7
Purchase of services
Entities controlled by non-executive directors of the Group:
Barretts of Old Limited - 3 8
- 3 8
11. SUBSEQUENT EVENTS TO 31 DECEMBER 2015
As at the date of these statements and the date they were approved by the Board of Directors there were no such events to report.
Copies of this interim statement are available form the Company at its registered office at, No 1 London Bridge London, SE1 9BG. The interim financial information document will also be available on the Company's website www.dotdigitalgroup.com.
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