REG - Trakm8 Holdings PLC - Half-year Report <Origin Href="QuoteRef">TKM8.L</Origin> - Part 2

Trakm8 HoldingsAnnouncement

28/11/2016 07:06

- Part 2: For the preceding part double click  ID:nRSb2376Qa 

                                                                                                                                                                                                                                               £'000                                                   
                                                                                                                                                                                                                                                                                                                              
 Intangible assets                                                                                                                                                                                                                                                    100                                                     
 Tangible assets                                                                                                                                                                                                                                                      100                                                     
 Inventories                                                                                                                                                                                                                                                          38                                                      
 Debtors                                                                                                                                                                                                                                                              62                                                      
 Creditors                                                                                                                                                                                                                                                            (187)                                                   
 Net assets acquired                                                                                                                                                                                                                                                  113                                                     
                                                                                                                                                                                                                                                                                                                              
 Goodwill                                                                                                                                                                                                                                                             665                                                     
 Total consideration                                                                                                                                                                                                                                                  778                                                     
                                                                                                                                                                                                                                                                                                                              
 Satisfied by:-                                                                                                                                                                                                                                                                                                               
 Fair value of shares in the Company                                                                                                                                                                                                                                  15                                                      
 Cash                                                                                                                                                                                                                                                                 763                                                     
                                                                                                                                                                                                                                                                      778                                                     
                                                                                                                                                                                                                                                                                                                              
 9.          Reconciliation of cash flows from operating activities:                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                      Six months to  Six months to  Year to   
                                                                                                                                                                                                                                                                                      30 September   30 September   31 March  
                                                                                                                                                                                                                                                                                      2016           2015           2016      
                                                                                                                                                                                                                                                                                      Unaudited      Unaudited      Audited   
                                                                                                                                                                                                                                                                                      £'000          £'000          £'000     
                                                                                                                                                                                                                                                                                                                              
 Net profit before taxation                                                                                                                                                                                                                                                           282            1,241          3,003     
 Adjustments for:                                                                                                                                                                                                                                                                                                             
 Depreciation                                                                                                                                                                                                                                                                         158            120            232       
 Bank and other interest charges                                                                                                                                                                                                                                                      80             41             107       
 Amortisation of intangible assets                                                                                                                                                                                                                                                    481            282            656       
 Share based payment expense                                                                                                                                                                                                                                                          131            78             198       
                                                                                                                                                                                                                                                                                                                              
 Operating cashflows before movement in working capital                                                                                                                                                                                                                        1,132  1,762          4,196          
                                                                                                                                                                                                                                                                                                                              
 Retranslation of overseas operations                                                                                                                                                                                                                                                 -              1              3         
 Movement in inventories                                                                                                                                                                                                                                                              (245)          (360)          (39)      
 Movement in trade and other receivables                                                                                                                                                                                                                                              (35)           443            (1,211)   
 Movement in trade and other payables                                                                                                                                                                                                                                                 (867)          (510)          1,486     
 Movement in provisions                                                                                                                                                                                                                                                               -              -              12        
 Cash generated from operations                                                                                                                                                                                                                                                       (15)           1,336          4,447     
 Income taxes received                                                                                                                                                                                                                                                                143            -              -         
 Net cash inflow from operating activities                                                                                                                                                                                                                                            128            1,336          4,447     
                                                                                                                                                                                                                                                                                                                              
 10.            Copies of the report are available on the Group's website www.trakm8.com and also from the registered office of Trakm8 Holdings PLC.  The address of the registered office is: Lydden House, Wincombe Business Park, Shaftesbury, Dorset, SP7 9QJ.  
 
 
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