REG - Plexus Holdings Plc - Final Results <Origin Href="QuoteRef">PLEX.L</Origin> - Part 3
28/10/2015 07:01
- Part 3: For the preceding part double click ID:nRSb6344Db
(27) (27)
Deferred tax liability/(asset) at end of year 212 (751)
212
(751)
(iv) Deferred tax liability/(asset) balance
The deferred tax liability/(asset) balance is made up of the following items:
Difference between depreciation and capital allowances
1,600
1,232
Share based payments
(1,361)
(1,956)
Tax losses
(27)
(27)
Deferred tax liability/(asset) at end of year
212
(751)
5. Dividends
2015 2014
£'000 £'000
Ordinary Shares
Interim paid for the period to31 December 2014 of 0.48p (2014: 0.44p) per share 433 407
Ordinary Shares
Final dividend for the year ended30 June 2015 of 1.75p (2014: 0.62p) per share 1,564 526
The proposed final dividend has not been accrued at the statement of financial
position date in accordance with IFRS.
6. Earnings per share
2015 2014
£'000 £'000Asrestated
Profit attributable to shareholders 5,429 4,571
Number Number
Weighted average number of shares in issue 84,896,300 83,991,918
Dilution effects of share schemes 3,205,091 3,728,098
Diluted weighted average number of shares in issue 88,101,391 87,720,016
Basic earnings per share 6.40p 5.44p
Diluted earnings per share 6.16p 5.21p
Basic earnings per share is calculated on the results attributable to ordinary shares divided by the weighted average number of shares in issue during the year.
Diluted earnings per share calculations include additional shares to reflect the dilutive effect of employee share schemes and share option schemes. The comparative year EPS has been restated in accordance with note 1.
7. Intangible fixed assets
IntellectualProperty£'000 Patent andOtherDevelopment£'000 ComputerSoftware£'000 Total£'000
Cost
As at 1 July 2013 6,440 5,353 190 11,983
Additions - 2,367 36 2,403
As at 30 June 2014 6,440 7,720 226 14,386
Additions - 3,473 68 3,541
As at 30 June 2015 6,440 11,193 294 17,927
Amortisation
As at 1 July 2013 2,362 781 149 3,292
Charge for the year 330 308 19 657
As at 30 June 2014 2,692 1,089 168 3,949
Charge for the year 329 454 28 811
As at 30 June 2015 3,021 1,543 196 4,760
Net Book ValueAs at 30 June 2015 3,419 9,650 98 13,167
As at 30 June 2014 3,748 6,631 58 10,437
Patent and other development costs are internally generated.
8. Investment in associate
The summary financial information of the Group's associate, extracted on a
100% basis from the accounts prepared under IFRS for the year ended 30 June
are as follows:
11 Months to31 May 2015£'000 11 Months to30 June 2014£'000
Non-current Assets N/A 5,223
Current Assets N/A 3,241
Non-current Liabilities N/A 2,561
Current Liabilities N/A 2,476
Revenue 8,394 8,158
Profit and total comprehensive income 944 862
Value of associate investment £'000
Investment in associate at 30 June 2014 941
Share of profit of associate in the year 236
Dividend received from associate (37)
Gain on disposal of associate 352
Proceeds from disposal of associate (1,492)
Investment in associate at 30 June 2015 -
The interest in associate was purchased on 22 July 2013 and disposed of on 25
June 2015, hence 11 months results are disclosed.
9. Property, plant and equipment
Buildings £'000 TenantImprovements£'000 Equipment £'000 Assetsunder Construction£'000 MotorVehicles£'000 Total£'000
Cost
As at 1 July 2013 972 353 22,594 659 42 24,620
Additions 2 77 430 2,505 2 3,016
Transfers - - 2,904 (2,904) - -
Disposals - - (535) - - (535)
As at 30 June 2014 974 430 25,393 260 44 27,101
Additions 3,405 2 1,544 2,054 11 7,016
Transfers - - 2,140 (2,140) - -
Disposals - - (533) - (7) (540)
As at 30 June 2015 4,379 432 28,544 174 48 33,577
Depreciation
As at 1 July 2013 325 76 11,028 - 23 11,452
Charge for the year 80 50 2,612 - 6 2,748
On disposals - - (383) - - (383)
As at 30 June 2014 405 126 13,257 - 29 13,817
Charge for the year 153 56 2,854 - 7 3,070
On disposals - - (461) - (3) (464)
As at 30 June 2015 558 182 15,650 - 33 16,423
Net book valueAs at 30 June 2015 3,821 250 12,894 174 15 17,154
As at 30 June 2014 569 304 12,136 260 15 13,284
10. Share Capital
2015 2014
£'000 £'000
Authorised:
Equity: 110,000,000 (2014: 110,000,000) Ordinary shares of 1p each 1,100 1,100
Allotted, called up and fully paid:
Equity: 84,902,196 (2014: 84,892,673) Ordinary shares of 1p each 849 849
Share issue during the year:
Numberof shares Sharecapital£'000 Sharepremium£'000 Total£'000
At 30 June 2014 84,892,673 849 20,138 20,987
On 12 February 2015 9,523 - 3 3
At 30 June 2015 84,902,196 849 20,141 20,990
During the period the Group issued new shares as a result of the following
transactions:
Aggregate Total
Number of Price per nominal aggregate
shares share value value
£ £
12 February 2015
- Share options 9,523 38.50p 95 3,666
The excess net proceeds have been credited to the share premium account.
11. Reconciliation of net cash flow to movement in net cash/(debt)
2015 2014
£'000 £'000
(Decrease)/increase in cash in the year (3,025) 3,744
Cash inflow from increase in net debt (2,275) -
Movement in net cash/(debt) in year (5,300) 3,744
Net cash/(debt) at start of year 2,353 (1,391)
Net (debt)/cash at end of year (2,947) 2,353
12. Analysis of net cash/(debt)
Atbeginningof year£'000 Cash flow£'000 Atendof year£'000
Cash in hand and at bank 2,609 3,744 6,353
Bank loans (4,000) - (4,000)
Total (1,391) 3,744 2,353
13. Post balance sheet events
Subsequent to the year end, the Company entered into a Subscription Agreement
with Jereh International (Hong Kong) Co. Ltd. ("Jereh") dated 1st July 2015.
Under the Subscription Agreement, Jereh subscribed for 5% of the enlarged
share capital of the Company; the number of shares subscribed for was
4,468,537 at a price of 180p per share. The total number of shares in issue
following this subscription, and as at the date of this report, is
89,370,733.
The financial information above does not constitute the company's statutory
accounts for the year ended 30 June 2015 but is derived from those
statements.
The statutory financial statements and this preliminary statement for the year
ended 30 June 2015 were approved by the Board on 27 October 2015. On the same
date the company's auditors, Crowe Clark Whitehill LLP issued an unqualified
report on those financial statements. The audit report did not include
reference to any matters to which the auditor drew attention by way of
emphasis without qualifying the report or contain a statement under section
498(2) or (3) of the Companies Act 2006. The financial information for the
year ended 30 June 2014 is derived from the statutory accounts for that year
which have been delivered to the Registrar of Companies. The auditors reported
on those accounts; their report was unqualified and did not draw attention to
any matters be way of emphasis and not contain a statement under s498(2) or
(3) of the Companies Act 2006 or equivalent preceding legislation. The
Company's financial statements have been prepared in accordance with
International Financial Reporting Standards, as adopted by the EU. A copy of
the statutory accounts will be delivered to the Registrar of Companies in due
course.
The Annual Report will be circulated to all shareholders and thereafter,
copies will be available from the registered office of the company, 42-50
Hersham Road, Walton-on-Thames, Surrey, KT12 1RZ.
This information is provided by RNS
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