REG - Trakm8 Holdings PLC - Final Results <Origin Href="QuoteRef">TKM8.L</Origin> - Part 2

Trakm8 HoldingsAnnouncement

06/09/2014 02:36

- Part 2: For the preceding part double click  ID:nRSG5553La 

market price. The
volatility has been based on historic share prices and the dividend yield has
been assumed to be £nil for all schemes. 
 
A reconciliation of option movements over the year to 31 March 2014 is shown
below; 
 
 Option Exercise Price  Balance as at 31 March 2013  Granted during year  Exercised during year  Expired/ forfeited during the year  Balance as at 31 March 2014  
 15.50p                 300,000                      -                    -                      (300,000)                           -                            
 12.50p                 100,000                      -                    -                      -                                   100,000                      
 13.00p                 1,225,000                    -                    (50,000)               -                                   1,175,000                    
 19.50p                 -                            400,000              -                      -                                   400,000                      
 17.00p                 -                            200,000              -                      -                                   200,000                      
 44.50p                 -                            625,000              -                      -                                   625,000                      
 45.25p                 -                            125,000              -                      -                                   125,000                      
 
 
The share price was 35.50p (2013: 13.50p) on 11 December 2013 being the date
of exercise of the above 50,000 options. The weighted average option price at
31 March 2014 was 23.31p (2013: 13.43p). The weighted average contract life of
the options outstanding at 31 March 2014 was 104 months (2013: 86 months). 
 
The Group charged £53,989 to the Statement of Comprehensive Income in respect
of Share-Based Payments for the financial year ended 31 March 2014 (2013:
£19,659). 
 
Share options exercisable at the 31 March 2014 were 100,000 (2013: 400,000). 
 
12.   CASH FLOWS 
 
                                                                                                                         2014                                 2013  
                                                                                                                         £                                    £     
   Reconciliation of profit before tax to net cash flow from operating activities:                                                                            
   Profit before tax                                                                396,523                              37,522                               
   Depreciation                                                                     118,967                              54,610                               
   Bank and other interest charges                                                  32,696                               2,055                                
   Amortisation of intangible assets                                                202,208                              219,852                              
   Capitalised development costs                                                    (614,551)                            (126,375)                            
   Share based payments                                                             53,989                               19,656                               
                                                                                    ---------------------------------    ---------------------------------    
   Operating cash flows before movement in working capital                          189,832                              207,320                              
   Movement on retranslation of overseas operations                                 (2,634)                              (1,446)                              
   Movement in inventories                                                          250,694                              (138,127)                            
   Movement in trade and other receivables                                          (1,041,130)                          139,203                              
   Movement in trade and other payables                                             1,848,741                            276,267                              
                                                                                    ----------------------------------   ----------------------------------   
   Cash generated from operations                                                   1,245,503                            483,217                              
                                                                                                                                                              
   Interest paid                                                                    (35,314)                             (4,478)                              
   Interest received                                                                2,618                                2,423                                
   Income taxes received                                                            111,521                              15,488                               
                                                                                    -----------------------------------  -----------------------------------  
   Net cash inflow from operating activities                                        1,324,328                            496,650                              
                                                                                    =====================                =====================                
                                                                                                                                                                      
 
 
Cash and cash equivalents comprise cash at bank, other short-term highly
liquid investments with a maturity of three months or less (together presented
as 'Cash and cash equivalents' on the face of the Statement of Financial
Position). 
 
This information is provided by RNS
The company news service from the London Stock Exchange