- Part 2: For the preceding part double click ID:nRSU3215Xa
for the year
ended 30
June 2016,
as described
in those
financial
statements.
Taxes on
income in
the interim
periods are
accrued
using the
tax rate
that would
be
applicable
to expected
total
earnings.
4. SEGMENTAL
REPORTING
The Group's
single line
of business
is the
provision of
web based
marketing
services.
The chief
operating
decision
maker
considers
the Group's
only
reportable
segment to
be by
geographical
location
this being
UK, US and
rest of the
world
("RoW")
operations
are shown
below:
6 months to 31 December 2016
UK US RoW
Operations Operations Operations Total
£'000s £'000s £'000s £'000s
Income
statement
Revenue 11,747 1,839 1,397 14,983
Gross profit 10,273 1,554 1,201 13,028
Profit 2,852 512 918 4,282
before
income tax
Total
comprehensiv
e income
attributable 2,360 356 911 3,627
to the
owners of
the parent
dotdigital Group Plc
Notes to interim financial statements
For the six months ended 31 December 2016
4. SEGMENTAL
REPORTING
(cont…)
UKOperations£'000s USOperations£'000s RoWOperations£'000s Total£'000s
Financial
position
Total assets 31,119 1,483 418 33,020
Net current 21,109 1,099 316 22,524
assets
6 months to 31 December 2015 UK US RoW Operations
Operations Operations Total £'000s £'000s £'000s £'000s
Income statement Revenue 10,757 1,355 739 12,851 Gross
profit 9,680 1,330 483 11,493 Profit before income tax
2,775 329 209 3,313 Total comprehensive income
attributable to the owners of the parent 2,456 329 183
2,968 Financial position Total assets 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 2016
4. SEGMENTAL REPORTING (cont…) 12 months to 30 June 2016 UK US RoW Operations Operations Operations Total £'000s £'000s £'000s £'000s Income statement Revenue 22,056 3,022 1,848 26,926 Gross profit 19,298 2,565 1,668 23,531 Profit before income tax 4,244 504 1,467 6,215 Total comprehensive income attributable to the owners of the parent 3,398 539 1,442 5,379 Financial position Total assets 27,410 1,014 530 28,954 Net current assets 17,791 756 443 18,990
5. DIVIDENDS
The proposed dividend of £2,477,272 for the year ended
30 June 2016 of 0.84p per share was paid on 31 January
2017.
£'000s
Income statement
Revenue
10,757
1,355
739
12,851
Gross profit
9,680
1,330
483
11,493
Profit before income tax
2,775
329
209
3,313
Total comprehensive income
attributable to the owners of the parent
2,456
329
183
2,968
Financial position
Total assets
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 2016
dotdigital Group Plc
Notes to interim financial statements
For the six months ended 31 December 2016
4. SEGMENTAL REPORTING (cont…)
12 months to 30 June 2016
UK US RoW
Operations Operations Operations Total
£'000s £'000s £'000s £'000s
Income statement
Revenue 22,056 3,022 1,848 26,926
Gross profit 19,298 2,565 1,668 23,531
Profit before income tax 4,244 504 1,467 6,215
Total comprehensive income
attributable to the owners of the parent 3,398 539 1,442 5,379
Financial position
Total assets 27,410 1,014 530 28,954
Net current assets 17,791 756 443 18,990
5. DIVIDENDS
The proposed dividend of £2,477,272 for the year ended 30 June 2016 of 0.84p
per share was paid on 31 January 2017.
dotdigital Group Plc
Notes to interim financial statements
For the six months ended 31 December 2016
6. EARNINGS PER SHARE
6 months 6 months 12 months
to 31 Dec 2016 to 31 Dec 2015 to 30 June 2016
Unaudited Unaudited Audited
Continuing operations
Earnings per Ordinary share:
Basic (pence) 1.24 1.04 1.83
Diluted (pence) 1.23 1.03 1.83
6 months 6 months 12 months
to 31 Dec 2016 to 31 Dec 2015 to 30 June 2016
Unaudited Unaudited Audited
£'000s £'000s £'000s
Profit for the period from continuing
operations for the purpose of basic earnings
per share excluding discontinued operations 3,655 2,994 5,368
Weighted average number of shares in issue as follows:
6 months 6 months 12 months
to 31 Dec 2016 to 31 Dec 2015 to 30 June 2016
Unaudited Unaudited Audited
Weighted average number
Basic 294,981,963 288,046,571 293,095,257
Diluted 296,251,618 290,951,657 294,072,812
dotdigital Group Plc
Notes to interim financial statements
For the six months ended 31 December 2016
7. RECONCILIATION OF PROFIT BEFORE CORPORATION TAX TO NET CASH GENERATED FROM OPERATIONS
6 months 6 months 12 months
to 31 Dec 2016 to 31 Dec 2015 to 30 June 2016
Unaudited Unaudited Audited
£'000s £'000s £'000s
Profit before income tax from all operations 4,282 3,313 6,215
Adjustments for:
Depreciation and amortisation 1,003 879 1,787
Share based payments 84 51 199
Unpaid share capital 5 - -
Finance income (14) (24) (51)
Currency revaluation (28) (26) 11
Decrease/(Increase) in trade and other receivables (2,298) 114 (878)
Increase/(Decrease) in trade and other payables 79 (768) 714
Net cash from operations 3,113 3,539 7,997
8. CALLED UP SHARE CAPITAL
During the period ended 31 December 2016, 788,696 Ordinary Shares of £0.005 per share (31 December 2015: 7,182,724 Ordinary Shares of £0.005 per share, 30 June 2016: 7,782,724 Ordinary Shares of £0.005 per share) were issued.
The issued share capital as at 31 December 2016 was 295,573,485 Ordinary Shares of £0.005 per share
(31 December 2015: 294,184,789 Ordinary Shares of £0.005 per share, 30 June 2016: 294,784,789 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 2016
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 nominal
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.
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 2016 to 31 Dec 2015 to 30 June 2016
Unaudited Unaudited Audited
£'000s £'000s £'000s
Remuneration and other short term benefits 301 368 858
Ex-gratia payment - - 137
Share based payments - 9 114
Pension cost 24 22 46
325 399 1,155
dotdigital Group Plc
Notes to interim financial statements
For the six months ended 31 December 2016
10. RELATED PARTY NOTE (CONTINUED)
6 months 6 months 12 months
to 31 Dec 2016 to 31 Dec 2015 to 30 June 2016
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:
Cloudcall - Email marketing services 10 - -
Cadence Performance Ltd - Email marketing services 1 2 2
11 2 2
Year end balances arising from the sale of services
Entities controlled by non-executive directors of the Group:
Cloudcall - Email marketing services 1 - -
1 - -
11. SUBSEQUENT EVENTS TO 31 DECEMBER 2016
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.
This information is provided by RNS
The company news service from the London Stock Exchange