REG - OMG PLC - Interim Results <Origin Href="QuoteRef">OMG1.L</Origin> - Part 2
16/07/2015 10:02
- Part 2: For the preceding part double click ID:nRSI5765Pa
379 420 631
North America 1,649 2,073 7,179
Discontinued operations 2,028 2,493 7,810
OMG Group 13,344 14,335 33,441
Six months ended 31 March 2015 (unaudited) Six months ended 31 March 2014 (unaudited) Year ended 30 September 2014 (audited)
£'000 £'000 £'000
Vicon revenue by market
Engineering 2,075 1,400 3,177
Entertainment 1,939 1,988 4,329
Life sciences 3,641 4,839 9,676
Vicon Group 7,655 8,227 *17,182
*This additional information is provided to the Chief Operating Decision
Maker. Further analysis by market is not available.
Six months ended 31 March 2015 (unaudited) Six months ended 31 March 2014 restated (unaudited) Year ended 30 September 2014 restated (audited)
Adjusted profit/(loss) before tax Adjusting items Group recharges Profit/(loss) before tax Adjusted profit/(loss) before tax Adjusting items Group recharges Profit/(loss) before tax Adjusted profit/(loss) before tax Adjusting items Group recharges Profit/(loss) before tax
£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000
Vicon UK 973 (30) 313 1,256 1,315 (17) 144 1,442 2,373 (8) 1,359 3,724
Vicon USA 816 - (672) 144 979 - (849) 130 2,607 - (2,054) 553
Vicon Group 1,789 (30) (359) 1,400 2,294 (17) (705) 1,572 4,980 (8) (695) 4,277
Yotta UK (247) (60) (155) (462) (360) (80) (222) (662) 56 (114) (306) (364)
Yotta Mayrise 744 (212) (150) 382 652 (212) - 440 1,487 (424) (301) 762
Yotta Group 497 (272) (305) (80) 292 (292) (222) (222) 1,543 (538) (607) 398
OMG Life UK (1,702) (491) (352) (2,545) (2,061) (19) (79) (2,159) (4,208) 14 (402) (4,596)
OMG Life US (30) (137) - (167) - - - - (138) - - (138)
Life Group (1,732) (628) (352) (2,712) (2,061) (19) (79) (2,159) (4,346) 14 (402) (4,734)
Unallocated (1,217) (88) 1,344 39 (1,089) (106) 1,178 (17) (2,170) (159) 2,333 4
Continuing operations (663) (1,018) 328 (1,353) (564) (434) 172 (826) 7 (691) 629 (55)
House of Moves (93) - - (93) (265) - - (265) (373) (616) - (989)
2d3 UK 60 (7) (198) (145) 223 (10) (97) 116 241 (11) (376) (146)
2d3 USA (1,005) (127) (130) (1,262) (908) (123) (75) (1,106) 1,092 (233) (253) 606
2d3 Group (945) (134) (328) (1,407) (685) (133) (172) (990) 1,333 (244) (629) 460
Discontinued operations (1,038) (134) (328) (1,500) (950) (133) (172) (1,255) 960 (860) (629) (529)
OMG Group (1,701) (1,152) - (2,853) (1,514) (567) - (2,081) 967 (1,551) - (584)
Non-current assets Additions to non-current assets Carrying amount of segment assets Carrying amount of segment liabilities Segment depreciation and amortisation
Six months ended 31 March 2015 Six months ended 31 March 2014 Year ended 30 September 2014 (audited) Six months ended 31 March 2015 Six months ended 31 March 2014 Year ended 30 September 2014 (audited) Six months ended 31 March 2015 Six months ended 31 March 2014 Year ended 30 September 2014 (audited) Six months ended 31 March 2015 Six months ended 31 March 2014 Year ended 30 September 2014 (audited) Six months ended 31 March 2015 Six months ended 31 March 2014 Year ended 30 September 2014 (audited)
(unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited)
£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000
Vicon UK 2,960 2,657 2,748 743 750 1,552 12,179 7,422 8,459 (2,409) (2,094) (2,346) 440 426 863
Vicon USA 1,190 1,182 701 8 29 43 4,211 3,843 4,321 (1,032) (1,233) (1,561) 13 27 45
Vicon Group 4,150 3,839 3,449 751 779 1,595 16,390 11,265 12,780 (3,441) (3,327) (3,907) 453 453 908
Yotta UK 4,489 4,851 4,477 245 210 407 11,172 8,757 10,497 (1,892) (1,887) (1,702) 319 294 594
Yotta Mayrise 4,361 4,817 4,586 6 21 23 9,834 10,000 9,371 (1,603) (1,667) (1,833) 226 229 458
Yotta Group 8,850 9,668 9,063 251 231 430 21,006 18,757 19,868 (3,495) (3,554) (3,535) 545 523 1,052
OMG Life UK 1,308 1,916 1,633 543 403 862 (3,915) (152) (2,470) (467) (1,104) (777) 461 568 1,137
OMG Life USA - - - - - - 209 - 380 (1) - (2) - - -
Life Group 1,308 1,916 1,633 543 403 862 (3,706) (152) (2,090) (468) (1,104) (779) 461 568 1,137
Unallocated 504 262 303 24 16 17 (684) 128 (400) (414) (292) (622) 11 9 20
Continuing operations 14,812 15,685 14,448 1,569 1,429 2,904 33,006 29,998 30,158 (7,818) (8,277) (8,843) 1,470 1,553 3,117
Yotta USA - - - - - - 28 25 26 (5) (4) (5) - - -
House of Moves - 845 - - 19 26 - 1,449 720 - (244) (45) - 15 27
2d3 UK - 12 11 - - 2 297 2,131 2,353 (126) (74) (48) 3 2 4
2d3 USA - 4,519 4,297 - 71 313 5,231 5,991 8,665 (1,508) (1,238) (2,163) 244 187 390
2d3 Group - 4,531 4,308 - 71 315 5,528 8,122 11,018 (1,634) (1,312) (2,211) 247 189 394
Discontinued operations - 5,376 4,308 - 90 341 5,556 9,596 11,764 (1,639) (1,560) (2,261) 247 204 421
OMG Group 14,812 21,061 18,756 1,569 1,519 3,245 38,562 39,594 41,922 (9,457) (9,837) (11,104) 1,717 1,757 3,538
3. Reconciliation of adjusted (loss)/profit before tax
Six months ended 31 March 2015 Six months ended 31 March 2014 Restated Year ended 30 September2014 Restated
(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Loss before tax - continuing operations (1,353) (826) (55)
Share based payments - equity settled 112 176 166
Amortisation of intangibles arising on acquisition 258 258 516
Costs associated with termination of contract manufacturer 540 - -
Redundancy costs 108 - 9
Reapportion Group overheads (328) (172) (629)
Adjusted (loss)/profit before tax - continuing operations (663) (564) 7
Profit before tax - discontinued operations (1,500) (1,255) (529)
Share based payments - equity settled 15 22 24
Amortisation of intangibles arising on acquisition 119 111 220
Impairment of goodwill - - 616
Reapportion Group overheads 328 172 629
Adjusted (loss)/profit before tax - discontinued operations (1,038) (950) 960
Total adjusted (loss)/profit before tax - all operations (1,701) (1,514) 967
Redundancy costs in the six months ended 31 March 2015 relate to the
restructuring of the Vicon, Yotta and OMG Life businesses (year ended 30
September 2014 costs relate to the restructuring of the 2d3 UK business).
Costs associated with termination of contract manufacturer relate to
agreements to manufacture the Autographer in volume that were not fulfilled
together with settlement of supply chain commitments. The cash impact in the
previous financial year except for £106,000 which impacted the first half of
this financial year.
4. Taxation
The Group's consolidated effective tax rate for the six months ended 31 March
2015 was 31.1% (for the six months ended 31 March 2014: 28.7%; for the year
ended 30 September 2014: 2.4%).
In accordance with IAS 34 the tax charge for the half year is calculated on
the basis of the estimated full year tax rate.
5. Loss per share
The calculation of the basic earnings per share is based on the earnings
attributable to ordinary shareholders divided by the weighted average number
of shares in issue during the period. The calculation of diluted earnings per
share is based on the basic earnings per share, adjusted to allow for the
issue of shares on the assumed conversion of all dilutive options.
31 March 2015 (unaudited) 31 March 2014 restated (unaudited) 30 September 2014 restated (audited)
Earnings/(loss) Weighted average number of shares Per share amount Earnings/(loss) Weighted average number of shares Per share amount Earnings/(loss) Weighted average number of shares Per share amount
£'000 (pence) £'000 (pence) £'000 (pence)
Continuing operations
Basic loss per share
Earnings attributable to ordinary shareholders (578) 113,357,814 (0.51) (677) 109,288,622 (0.62) (104) 111,334,397 (0.09)
Dilutive effect of employee share options - - - - - - - - -
Diluted loss per share (578) 113,357,814 (0.51) (677) 109,288,622 (0.62) (104) 111,334,397 (0.09)
Discontinued operations
Basic loss per share
Earnings attributable to ordinary shareholders (1,389) 113,357,814 (1.22) (806) 109,288,622 (0.74) (466) 111,334,397 (0.42)
Dilutive effect of employee share options - - - - - - - - -
Diluted loss per share (1,389) 113,357,814 (1.22) (806) 109,288,622 (0.74) (466) 111,334,397 (0.42)
Total operations
Basic loss per share
Loss attributable to ordinary shareholders (1,967) 113,357,814 (1.73) (1,483) 109,288,622 (1.36) (570) 111,334,397 (0.51)
Dilutive effect of employee share options - - - - - - - - -
Diluted loss per share (1,967) 113,357,814 (1.73) (1,483) 109,288,622 (1.36) (570) 111,334,397 (0.51)
111,334,397
(0.51)
6. Share capital
31 March 31 March 30 September
2015 2014 2014
(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Allotted, called up and fully paid
113,357,814 shares of 0.25p (31 March 2014: 113,357,814 shares of 0.25p and 30 September 2014: 113,357,814 shares of 0.25p) 283 283 283
During the six month period ended 31 March 2014 9,356,691 shares were issued
in relation to the contingent consideration payable for the acquisition of
Sensing Systems Inc.
There were no shares issued for cash in respect of share options exercised
(six month period ended 31 March 2014: no shares).
7. Dividends
The following dividends were recognised as distributions to equity holders in
the period:
31 March 31 March 30 September
2015 2014 2014
(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Final dividend for 2014 paid in 2015 - 0.50 pence per share 567 429 429
The final dividend for 2014 was paid to shareholders on 11 March 2015 at 0.50
pence per share, a total of £567,000.
8. Copies of the interim statement
Copies of the interim statement will be sent to shareholders. Further copies
will be available from the Company's registered office at 14 Minns Business
Park, West Way, Oxford OX2 0JB, and from the Company's website:
www.omgplc.com
This information is provided by RNS
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