REG - Oxford Metrics PLC - Interim Results <Origin Href="QuoteRef">OMG1.L</Origin> - Part 2
06/06/2017 07:05
- Part 2: For the preceding part double click ID:nRSF1947Ha
related services 3,276 2,724 5,775
Surveying services - - 143
Yotta Group - Continuing 3,276 2,724 5,918
Surveying services 973 1,180 3,165
Yotta Group - Discontinued 973 1,180 3,165
Yotta Group - Total 4,249 3,904 9,083
*This additional information is provided to the Chief Operating Decision
Maker. Further analysis by market is not available.
Six months ended 31 March 2017 (unaudited) Six months ended 31 March 2016 (unaudited) Year ended 30 September 2016 (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 296 - 679 975 879 (1) 288 1,166 1,544 - 2,360 3,904
Vicon USA 1,835 - (1,417) 418 1,383 - (905) 478 4,375 - (3,774) 601
Vicon Group 2,131 - (738) 1,393 2,262 (1) (617) 1,644 5,919 - (1,414) 4,505
Yotta UK (574) - (201) (775) (331) - (92) (423) (527) (29) (505) (1,061)
Yotta Mayrise 1,150 (221) (326) 603 984 (212) (346) 426 1,949 (424) (347) 1,178
Yotta Group 576 (221) (527) (172) 653 (212) (438) 3 1,422 (453) (852) 117
Unallocated (1,136) 123 1,265 252 (1,157) (32) 1,194 5 (2,237) (64) 2,530 229
Continuing operations 1,571 (98) - 1,473 1,758 (245) 139 1,652 5,104 (517) 264 4,851
OMG Life Group (102) (44) - (146) (798) (25) (139) (962) (1,079) (1,673) (264) (3,016)
Yotta surveying (162) - - (162) (108) - - (108) 538 - - 538
Discontinued operations (264) (44) - (308) (906) (25) (139) (1,070) (541) (1,673) (264) (2,478)
Oxford Metrics Group 1,307 (142) - 1,165 852 (270) - 582 4,563 (2,190) - 2,373
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 2017 Six months ended 31 March 2016 Year ended 30 September 2016 (audited) Six months ended 31 March 2017 Six months ended 31 March 2016 Year ended 30 September 2016 (audited) Six months ended 31 March 2017 Six months ended 31 March 2016 Year ended 30 September 2016 (audited) Six months ended 31 March 2017 Six months ended 31 March 2016 Year ended 30 September 2016 (audited) Six months ended 31 March 2017 Six months ended 31 March 2016 Year ended 30 September 2016 (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 3,646 3,707 3,381 796 704 1,094 10,908 10,945 10,949 (3,260) (3,424) (3,587) 526 483 1,002
Vicon USA 823 806 860 16 1 17 6,690 5,147 6,342 (1,754) (1,543) (2,042) 12 7 27
Vicon Group 4,469 4,513 4,241 812 705 1,061 17,598 16,092 17,291 (5,014) (4,967) (5,629) 538 490 1,029
Yotta UK 3,436 3,635 3,365 227 181 361 8,090 8,016 7,487 (1,644) (922) (1,667) 111 102 198
Yotta Mayrise 3,968 4,031 4,094 118 54 350 12,025 11,226 11,211 (1,977) (1,317) (1,884) 245 224 456
Yotta Group 7,404 7,666 7,459 345 235 711 20,115 19,242 18,698 (3,621) (2,239) (3,551) 356 326 654
Unallocated 470 291 254 3 34 37 4,123 1,943 6,184 (731) (1,068) (1,114) 12 14 28
Continuing operations 12,343 12,470 11,954 1,160 974 1,809 41,836 37,277 42,173 (9,366) (8,274) (10,294) 906 830 1,711
OMG Life Group 13 1,537 35 - - - (6,040) (4,074) (5,709) (41) (443) (120) - 4 1,642
Yotta surveying - 583 377 - - - 1,081 1,334 1,251 (454) (1,244) (472) 95 148 297
Discontinued operations 13 2,120 412 - - - (4,959) (2,740) (4,458) (495) (1,687) (592) 95 152 1,939
Oxford Metrics Group 12,356 14,590 12,366 1,160 974 1,809 36,877 34,537 37,715 (9,861) (9,961) (10,886) 1,001 982 3,650
3. Reconciliation of adjusted profit/(loss) before tax
Six months ended 31 March 2017 Six months ended 31 March 2016 Year ended 30 September2016
(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Profit before tax - continuing operations 1,473 1,652 4,851
Share based payments - equity settled 46 33 64
Amortisation of intangibles arising on acquisition 212 212 424
Income from transfer of IP to equity accounted associate (208) - -
Share of post-tax loss of equity accounted associate 39 - -
Redundancy costs 9 - -
Reapportion Group overheads - (139) (264)
Adjusted profit before tax - continuing operations 1,571 1,758 5,075
Loss before tax - discontinued operations (308) (1,070) (2,478)
Share based payments - equity settled (11) 25 39
Impairment of intangibles - - 1,634
Redundancy costs 55 - 29
Reapportion Group overheads - 139 264
Adjusted loss before tax - discontinued operations (264) (906) (512)
Total adjusted profit before tax - all operations 1,307 852 4,563
Redundancy costs in the period ended 31 March 2017 and year ended 30 September
2016 relate to the restructuring of the Yotta and OMG Life business segments.
4. Taxation
The Group's consolidated effective tax rate for the six months ended 31 March
2017 was 29.9% (for the six months ended 31 March 2016: 61.7%; for the year
ended 30 September 2016: 4.3%).
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. Earnings 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 2017 (unaudited) 31 March 2016 (unaudited) 30 September 2016 (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 '000 (pence) £'000 '000 (pence) £'000 '000 (pence)
Continuing operations
Basic earnings/(loss) per share
Earnings attributable to ordinary shareholders 1,540 122,354 1.26 1,287 119,511 1.08 4,202 120,354 3.48
Dilutive effect of employee share options - 2,246 (0.02) - 2,473 (0.03) - 1,717 (0.05)
Diluted earnings/(loss) per share 1,540 124,600 1.24 1,287 121,984 1.05 4,202 122,071 3.43
Discontinued operations
Basic earnings/(loss) per share
Earnings attributable to ordinary shareholders (726) 122,354 (0.59) (1,064) 119,511 (0.89) (1,931) 120,354 (1.59)
Dilutive effect of employee share options - 2,246 - - 2,473 - - 1,717 -
Diluted earnings/(loss) per share (726) 124,600 (0.59) (1,064) 121,984 (0.89) (1,931) 122,071 (1.59)
Total operations
Basic earnings/(loss) per share
Loss attributable to ordinary shareholders 814 122,354 0.67 223 119,511 0.19 2,271 120,354 1.89
Dilutive effect of employee share options - 2,246 (0.02) - 2,473 (0.01) - 1,717 (0.03)
Diluted earnings/(loss) per share 814 124,600 0.65 223 121,984 0.18 2,271 122,071 1.86
122,071
1.86
6. Share capital
31 March 31 March 30 September
2017 2016 2016
(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Allotted, called up and fully paid
123,052,402 shares of 0.25p (31 March 2016: 120,951,475 shares of 0.25p and 30 September 2016: 121,327,208 shares of 0.25p) 308 302 303
During the six month period ended 31 March 2017 1,676,174 shares were issued
relating to share options that were exercised.
There were 3,516,676 shares issued in respect of share options exercised
during the six months ended 31 March 2016 (year ended 30 September 2016:
3,892,409).
7. Dividends
The following dividends were recognised as distributions to equity holders in
the period:
31 March 31 March 30 September
2017 2016 2016
(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Final dividend for 2016 paid in 2017 - 1.00 pence per share 1,224 - -
Final dividend for 2015 paid in 2016 - 0.65 pence per share - 784 784
Special paid in 2016 - 3.75 pence per share - 4,520 4,520
1,224 5,304 5,304
The final dividend for 2016 was paid to shareholders on 9 March 2017 at 1.00
pence per share, a total of £1,224,000.
8. Copies of the interim statement
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.oxfordmetrics.com.
This information is provided by RNS
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