REG - Frontier Dev PLC - Interim Results <Origin Href="QuoteRef">FDEV.L</Origin> - Part 2

Frontier DevelopmentsAnnouncement

06/02/2018 07:05

- Part 2: For the preceding part double click  ID:nRSF9348Da 

     1,511       
 Charge for the period               11                           114                       -                             -                                           125         
 At 30 November 2016                 224                          1,408                     4                             -                                           1,636       
 Charge for the period               3                            112                       -                             -                                           115         
 Disposals                           (121)                        (916)                     (4)                           -                                           (1,041)     
 At 31 May 2017                      106                          604                       -                             -                                           710         
 Charge for the period               1                            122                       -                             -                                           123         
 At 30 November 2017                 107                          726                       -                             -                                           833         
                                                                                                                                                                                  
 Net book value at 30 November 2017  8                            338                       -                             3,187                                       3,533       
 Net book value at 31 May 2017       9                            293                       -                             394                                         696         
 Net book value at 30 November 2016  11                           264                       -                             -                                           275         
 Net book value at 31 May 2016       22                           282                       -                             -                                           304         
                                                                                                                                                                                  
 
 
 10. SHARE CAPITAL                                                            
                                                                              
                                                 Number      Nominal Value £  
 At 1 June 2016                                  34,096,781  170,484          
 Shares issued on option exercises and warrants  15,748      79               
 At 30 November 2016                             34,112,529  170,563          
 Shares issued on option exercises and warrants  118,000     590              
 At 31 May 2017                                  34,230,529  171,153          
 Shares issued to Tencent Holdings Limited       3,386,252   16,931           
 Shares issued on option exercises and warrants  839,367     4,197            
 At 30 November 2017                             38,456,148  192,281          
 
 
11.   FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS 
 
Foreign Currency Forward Contracts 
 
The Group used foreign exchange forward contracts to mitigate exchange rate
exposure arising from forecast sales in US Dollars. The forward contracts are
considered by management to be part of economic hedge arrangements but have
not been formally designated. 
 
All forward contracts are held at fair value through the profit and loss by
reference to the exchange rate at the balance sheet date. 
 
                                                  30 Nov 2017  31 May 2017  30 Nov 2016  
                                                  £'000        £'000        £'000        
 Forward exchange contracts - held for trading    205          (70)         (1,339)      
 
 
This information is provided by RNS
The company news service from the London Stock Exchange