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

Trakm8 HoldingsAnnouncement

16/07/2015 14:09

- Part 2: For the preceding part double click  ID:nRSF2049Sa 

                   
 Acquisition costs  -                                         365,512                                   
 Integration costs  -                                         67,839                                    
                    ________________________________________  ________________________________________  
                    -                                         433,351                                   
                    ===================                       ===================                       
 
 
The acquisition costs related to the purchase of BOX Telematics Limited in
October 2013.  The integration costs related to the reorganisation of
management following the acquisition.  These costs have been included as part
of Administration costs. 
 
7.     FINANCE COSTS 
 
                         2015                 2014                 
                         £                    £                    
                                                                   
 Interest on bank loans  58,439               35,314               
                         ===================  ===================  
 
 
8.     EARNINGS PER ORDINARY SHARE 
 
The earnings per Ordinary share have been calculated using the profit for the
year and the weighted average number of Ordinary shares in issue during the
year as follows: 
 
                                                                                           2015                            2014                          
                                                                                           £                               £                             
                                                                                                                                                         
 Earnings for the year after taxation                                                      1,689,065                       471,478                       
                                                                                           ==============================  ========================      
                                                                                                                                                         
                                                                                           No.                             No.                           
                                                                                                                                                         
 Number of Ordinary shares of 1p each                                                      28,973,821                      28,873,821                    
                                                                                                                                                         
 Basic weighted average number of Ordinary shares of 1p each                               28,944,151                      23,476,997                    
 Basic weighted average number of Ordinary shares of 1p each (diluted)                     30,823,153                      24,767,077                    
                                                                                                                           =                             
 Basic Earnings per share                                                                  5.84p                           2.01p                         
 Adjust for effects of:Exceptional costsShare based paymentsAdjusted earnings per share    -0.40p6.24p                     1.84p0.23p4.08p               
 Diluted earnings per share                                                                5.48p                           1.90p                         
                                                                                           ======================    ==    ======================    ==  
 
 
======================    == 
 
======================    == 
 
9.     SHARE CAPITAL 
 
                                  2015                      2014                      
                                  No's '000's               £                         No's '000's               £                         
 Authorised                                                                                                                               
 Ordinary shares of 1p each       200,000                   2,000,000                 200,000                   2,000,000                 
                                  ========================  ========================  ========================  ========================  
 Allotted, issued and fully paid                                                                                                          
 Ordinary shares of 1p each       28,974                    289,738                   28,874                    288,738                   
                                  ========================  ========================  ========================  ========================  
 
 
======================== 
 
Movement in share capital: 
 
                                        2015  2014    
                      £        £        
 As at 1 April 2014   288,738  194,147        
 New shares issued    1,000    94,591         
 As at 31 March 2015  289,738  288,738  
                                                        
 
 
The Company currently holds 75,000 Ordinary shares in treasury representing
0.5% of the Company's issued share capital.  The number of 1 pence Ordinary
shares that the Company has in issue less the total number of Treasury shares
is 28,898,821. 
 
10.   CASH GENERATED FROM OPERATIONS 
 
                                                                                                                         2015                                 2014  
                                                                                                                         £                                    £     
   Reconciliation of profit before tax to net cash flow from operating activities:                                                                            
   Profit before tax                                                                1,702,306                            396,523                              
   Depreciation                                                                     202,159                              118,967                              
   Bank and other interest                                                          58,051                               32,696                               
   Amortisation of intangible assets                                                517,125                              202,208                              
   Share based payments                                                             116,932                              53,989                               
                                                                                    ---------------------------------    ---------------------------------    
   Operating cash flows before movement in working capital                          2,596,573                            804,383                              
   Movement on retranslation of overseas operations                                 (3,764)                              (2,634)                              
   Movement in inventories                                                          (212,808)                            250,694                              
   Movement in trade and other receivables                                          (1,641,882)                          (1,041,130)                          
   Movement in trade and other payables                                             394,829                              1,848,741                            
   Movement in provisions                                                           (21,073)                             -                                    
                                                                                    ----------------------------------   ----------------------------------   
   Cash generated from operations                                                   1,111,875                            1,860,055                            
                                                                                                                                                              
   Interest paid                                                                    (58,439)                             (35,314)                             
   Income taxes received                                                            74,205                               111,521                              
                                                                                    -----------------------------------  -----------------------------------  
   Net cash inflow from operating activities                                        1,127,641                            1,936,262                            
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