REG - MS International PLC - Half Yearly Report <Origin Href="QuoteRef">MSTL.L</Origin> - Part 3

MS InternationalAnnouncement

01/12/2015 07:11

- Part 3: For the preceding part double click  ID:nRSA4498Hb 

                                                                                                    
     Per cash flow                                                                       2,608  
                                                                                                       
                                                                                                       
                                                                                                       
     The information required in order to identify and value the acquired     
     goodwill and intangible assets was not available for the purposes of the 
     interim accounts as certain information required to complete the         
     valuation of intangibles, such as financial forecasts, have not been     
     previously prepared by the acquired business. As such, the intangible    
     assets have not been separately identified and instead a total balance   
     for intangibles, including goodwill, has been disclosed. As such no      
     amortisation of intangible assets has been charged for the period to 31st 
     October 2015. The process to prepare the required information is ongoing 
     and will be completed in advance of the year end. Accordingly, this will 
     be updated for the year end financial statements.                        
     From the date of acquisition, Petrol Sign BV has contributed £3,012,000  
     of revenue and a profit of £495,000 to the profit before tax from        
     continuing operations of the Group. If the combination had taken place at 
     the beginning of the year, Group revenue from continuing operations would 
     have been £24,008,000 and the profit before tax from continuing          
     operations for the Group would have been £405,000.                       
 
 
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