REG - Scholium Group PLC - Preliminary Results <Origin Href="QuoteRef">SCHOS.L</Origin> - Part 2

ScholiumAnnouncement

07/07/2017 07:06

- Part 2: For the preceding part double click  ID:nRSG3695Ka 

                                                                                                                                                                                                                      £000     
 At 7 January 2014                                                                                                                                                                                                                                                    
 Nominal value of shares issued                                                                                                                                                                                                                              28       
 Fair-value adjustment take to merger reserve                                                                                                                                                                                                                2,809    
 Deferred consideration                                                                                                                                                                                                                                      2,363    
                                                                                                                                                                                                                                                                      
 At 31 March 2014,  31 March 2015, 31 March 2016 and 31 March 2017                                                                                                                                                                                  5,200  
                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                      
 The investments in Group undertakings are recorded at cost which is the fair-value of the consideration paid.                                                                                                                                
                                                                                                                                                                                                                                                                      
 The principal subsidiaries of the Company, all of which have been included in the consolidated financial information, are as follows: Shapero Rare Books Ltd, Scholium Trading Ltd and Scholium (Titan) Ltd,  all of which are wholly owned  
 
 
11        Deferred Corporation Tax 
 
                                                            31 Mar  31 Mar  
                                                            2017    2016    
                                                            Group   Group   
                                                            £000    £000    
                                                                            
 Balance at the beginning of the year                       (277)   (280)   
 Income statement                                           -       3       
 Balance at the end of the year                             (277)   (277)   
                                                            -       -       
 The deferred tax asset comprises:                          -       -       
                                                            -       -       
 Origination and reversal of temporary differences          (277)   (277)   
 
 
Deferred tax is calculated in full on temporary differences under the
liability method using the tax rates expected for future periods of 19%. The
deferred tax asset has arisen due to the availability of trading losses The
Group has unutilised tax allowances, at expected tax rates in future periods,
of £357,000 (2016: £352,000) of which £277,000 has been recognised (2016
£277,000 recognised). 
 
12        Inventories 
 
                                              31 Mar  31 Mar  
                                              2017    2016    
                                              Group   Group   
                                              £000    £000    
                                                              
 Finished goods                               7,873   7,550   
 Finished goods expensed in the year          4,215   4,840   
 
 
13        Trade & other receivables 
 
                                         31 Mar  31 Mar  31 Mar   31 Mar   
                                         2017    2016    2017     2016     
                                         Group   Group   Company  Company  
                                         £000    £000    £000     £000     
                                                                           
 Trade debtors                           1,779   1,577   -        -        
 Other debtors                           30      15      1        4        
 Amounts due from Group undertaking      0       0       6,509    6,306    
 Prepayments and accrued income          241     442     14       12       
                                         2,050   2,034   6,524    6,322    
 
 
 The age profile trade and other receivables comprise:            £000   
                                                                         
 Current                                                          905    
 One month past due                                               256    
 Two months past due                                              35     
 Over three months past due                                       583    
 Provision for doubtful debts                                     -      
                                                                  1,779  
                                                                         
 
 
14        Share Capital 
 
                                                                                        
 Number of shares                                        31 Mar             31 Mar      
                                                         2017               2016        
                                      Group and Company  Group and Company  
 Ordinary shares of £0.01 each                           Number             Number      
                                                                                        
 At the end of the year                                  13,600,000         13,600,000  
                                                                                        
                                
 
 
This information is provided by RNS
The company news service from the London Stock Exchange