REG - MS International PLC - Final Results <Origin Href="QuoteRef">MSTL.L</Origin> - Part 5
10/06/2016 07:05
- Part 5: For the preceding part double click ID:nRSJ7832Ad
cal
segment
for the
periods
ended
30th
April,
2016 and
2nd May,
2015.
The
Group's
geographi
cal
segments
are based
on the
location
of the
Group's
assets.
Revenue
from
external
customers
is based
on the
geographi
cal
location
of its
customers
.
Europe North America Rest of the World Total
2016 2015 2016 2015 2016 2015 2016 2015
£000 £000 £000 £000 £000 £000 £000 £000
Revenue
External 39,238 36,255 3,935 4,810 6,109 4,438 49,282 45,503
Non-current assets 21,683 19,457 1,246 192 73 108 23,002 19,757
Current assets 27,544 34,063 1,483 1,432 672 201 29,699 35,696
Liabilities 22,675 26,876 1,531 259 435 19 24,641 27,154
Capital expenditure 1,261 698 1,069 135 - - 2,330 833
Information about major customers 2016 2015
Revenue from major customers arising from sales reported in the Defence segment: £000 £000
Customer 1 10,042 -
Customer 1 - 10,715
2 Employee Information 2016 2015
Number Number
The average number of employees, including executive directors, during the period was:
Production 237 210
Technical 68 65
Distribution 31 27
Administration 59 54
395 356
(a) Staff costs 2016 2015
Their, including executive directors, employment costs were as follows: £000 £000
Wages and salaries 11,558 11,967
Social Security costs 1,227 1,313
Other pension costs 412 506
13,197 13,786
2016 2015
(b) Directors' emoluments £000 £000
Aggregate directors' emoluments 1,130 1,141
3 Taxation
The charge for taxation comprises: 2016 2015
£000 £000
Current tax
United Kingdom corporation tax 83 19
Tax over provided in previous years (82) (5)
Foreign corporation tax 150 286
Group current tax 151 300
Deferred tax
Origination and reversal of temporary differences (54) (50)
Adjustments in respect of prior years 37 (62)
Impact of reduction in deferred tax rate to 18% (36) -
Group deferred tax (53) (112)
Tax on profit 98 188
Tax relating to items charged or credited to other comprehensive income
Deferred tax
Deferred tax on remeasurement losses on pension scheme current year (165) (193)
Impact of reduction in deferred tax rate to 18% 153 -
Income tax in the statement of comprehensive income (12) (193)
(b) Factors affecting the tax charge for the year
The tax assessed for the period differs to the standard rate of corporation tax in the UK (20%) (2015 - 21%). The differences are explained below:
2016 2015
£000 £000
Profit before tax 1,682 1,541
Profit multiplied by standard rate of corporation tax of 20% (2015 - 21%) 336 324
Expenses not deductible for tax purposes (157) (69)
Adjustment in respect of prior periods (45) (67)
Impact of reduction in deferred tax rate to 18% (36) -
Total tax charge for the period 98 188
4 Earnings per share
The calculation of basic earnings per share is based on:
(a) Profit for the period attributable to equity holders of the parent of £1,584,000 (2015 - £1,353,000).
(b) 16,504,691 (2015 - 16,504,691) Ordinary shares, being the weighted average number of Ordinary shares in issue.
This represents 18,396,073 (2015 - 18,396,073) being the weighted average number of Ordinary shares in issue less 1,891,382 (2015 - less 1,891,392) being the weighted average number of shares both held within the ESOT 245,048 (2015 - 245,048) and purchased by the Company 1,646,334 (2015 - 1,646,334).
5 Dividends paid and proposed 2016 2015
£000 £000
Declared and paid during the year
On Ordinary shares
Final dividend for 2015 : 6.50p (2014 - 6.50p) 1,073 1,073
Interim dividend for 2016 : 1.50p (2015 - 1.50p) 247 247
1,320 1,320
Proposed for approval by shareholders at the AGM
Final dividend for 2016 : 6.50p (2015 - 6.50p) 1,073 1,073
6 Trade and other receivables
Group Company
2016 2015 2016 2015
£000 £000 £000 £000
Trade receivables 7,744 7,772 6,578 6,646
Retentions on contracts 1,188 1,681 1,188 1,681
Amounts owed by subsidiary undertakings - - 1,874 924
Other receivables 64 1 15 1
8,996 9,454 9,655 9,252
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