REG - Mission Marketing - Interim Results <Origin Href="QuoteRef">TMMG.L</Origin> - Part 2

MissionAnnouncement

24/09/2015 07:00

- Part 2: For the preceding part double click  ID:nRSX0199Aa 

                                                                               10,431        9,370         11,000            
 Less: Amount due for settlement within 12 months (shown under current liabilities)  (1,500)       (2,286)       (11,000)          
 Amount due for settlement after 12 months                                           8,931         7,084         -                 
 
 
11.  Acquisition Obligations 
 
The terms of an acquisition may provide that the value of the purchase
consideration, which may be payable in cash or shares or other securities at a
future date, depends on uncertain future events such as the future performance
of the acquired company. The Directors estimate that the liability for
payments that may be due is as follows: 
 
                                                   Cash£'000  Shares£'000  Total£'000  
 30 June 2014Less than one year                    482        -            482         
 Between one and two years                         621        40           661         
 In more than two years but less than three years  437        -            437         
                                                   1,540      40           1,580       
 
 
 31 December 2014Less than one year                 1,219  -   1,219  
 Between one and two years                          1,368  40  1,408  
 In more than two years but less than three years   1,113  -   1,113  
 In more than three years but less than four years  277    -   277    
 In more than four years but less than five years   548    -   548    
 In more than five years                            547    -   547    
                                                    5,072  40  5,112  
 
 
 30 June 2015Less than one year                     1,995  100  2,095  
 Between one and two years                          926    -    926    
 In more than two years but less than three years   379    -    379    
 In more than three years but less than four years  548    -    548    
 In more than four years but less than five years   547    -    547    
                                                    4,395  100  4,495  
 
 
12.  Contribution of Newly Acquired/Commenced Ventures to the Results of the
Group 
 
Proof Communications Ltd, Splash Interactive Pte. Ltd, Speed Communications
Agency Ltd and Brandon Hill Communications Ltd were all acquired in the second
half of 2014. In addition, The Weather Print and Digital Communications Ltd
was acquired on 13 February 2015 and also in the first half of 2015 the Group
commenced pre-launch activities in connection with its new Sports Marketing
venture. These entities contributed turnover of £4.0m, operating income of
£3.3m and headline operating profit of £0.3m to the results of the Group for
the six month period ended 30 June 2015, although it is almost impossible to
establish exactly how much of this contribution arose from the entities in
their own standalone right and how much arose from new business activity and
referrals generated from other Group Agencies as part of our efforts to
optimise collaboration and concinnity. 
 
13.  Post Balance Sheet Events 
 
There were no material post balance sheet events. 
 
This information is provided by RNS
The company news service from the London Stock Exchange