REG - Tribal Group PLC - Half-year Report <Origin Href="QuoteRef">TRBG.L</Origin> - Part 3

TribalAnnouncement

15/09/2016 07:06

- Part 3: For the preceding part double click  ID:nRSO8818Jb 

a maximum of a 3 year period ending on 29 June 2019. 
 
The performance conditions for the awards to Ian Bowles, and Mark Pickett,
correspond to a target share price on the third anniversary of the date of the
grant. The amount of awards that vest will range between 0% and 100% of those
granted based upon target share price between 60p and 80p. 
 
The remuneration of the key management personnel of the Group is set out below
in aggregate for each of the categories specified in IAS 24 'Related Party
Disclosures'. The members of the Group Board and the Group's Executive Board
are considered to be the key management personnel of the Group. 
 
                               30 June2016£'000  30 June2015£'000  31 December2015£'000  
 Short-term employee benefits  1,211             1,094             2,227                 
 Share-based payments1         170               (141)             (141)                 
                               1,381             953               2,086                 
 
 
1Remuneration in respect of share based payments reflects the IFRS2
charge/(credit) to the income statement during the relevant period in respect
of the directors' outstanding share options and share matching plans. 
 
22.          Seasonality 
 
Our profits in 2016 are expected to be weighted towards the second half of the
year, as we see the H1 cost savings actions flowing through, improved
utilisation in the Implementation teams, and seasonal skewing of results in
PBS. 
 
Statement of Directors' Responsibilities 
 
The directors' confirm that these condensed interim financial statements have
been prepared in accordance with International Accounting Standard 34,
'Interim Financial Reporting', as adopted by the European Union and that the
interim management report includes a fair review of the information required
by DTR 4.2.7 and DTR 4.2.8, namely: 
 
• An indication of important events that have occurred during the first six
months and their impact on the condensed set of financial statements, and a
description of the principal risks and uncertainties for the remaining six
months of the financial year; and 
 
• Material related-party transactions in the first six months and any material
changes in the related-party transactions described in the last annual report 
 
The directors of Tribal Group plc are listed in the Tribal Group plc Report
and accounts for the 12 month period ended 31 December 2015. A list of current
directors is maintained on the Tribal Group plc website: www.tribalgroup.com. 
 
The directors are responsible for the maintenance and the integrity of the
Group's website. Legislation in the United Kingdom governing the preparation
and dissemination of financial statements may differ from legislation in other
jurisdictions. 
 
By order of the Board 
 
Ian Bowles                                                                    
                        Mark Pickett 
 
Chief Executive                                                               
                     Group Finance Director 
 
15th September 2016 
 
Independent review report to Tribal Group plc 
 
Report on the condensed consolidated financial information 
 
Our conclusion 
 
We have reviewed Tribal Group plc's condensed consolidated financial
information (the "interim financial statements") in the half-yearly financial
report of Tribal Group plc for the 6 month period ended 30 June 2016. Based on
our review, nothing has come to our attention that causes us to believe that
the interim financial statements are not prepared, in all material respects,
in accordance with International Accounting Standard 34, 'Interim Financial
Reporting', as adopted by the European Union and the AIM Rules for Companies. 
 
What we have reviewed 
 
The interim financial statements comprise: 
 
·              the condensed consolidated balance sheet as at 30 June 2016; 
 
·              the condensed consolidated income statement and condensed
consolidated statement of comprehensive income and expense for the period then
ended; 
 
·              the condensed consolidated cash flow statement for the period
then ended; 
 
·              the condensed consolidated statement of changes in equity for
the period then ended; and 
 
·              the explanatory notes to the interim financial statements. 
 
The interim financial statements included in the half-yearly financial report
have been prepared in accordance with International Accounting Standard 34,
'Interim Financial Reporting', as adopted by the European Union and the AIM
Rules for Companies. 
 
As disclosed in note 2 to the interim financial statements, the financial
reporting framework that has been applied in the preparation of the full
annual financial statements of the Group is applicable law and International
Financial Reporting Standards (IFRSs) as adopted by the European Union. 
 
Responsibilities for the interim financial statements and the review 
 
Our responsibilities and those of the directors 
 
The half-yearly financial report, including the interim financial statements,
is the responsibility of, and has been approved by, the directors. The
directors are responsible for preparing the half-yearly financial report in
accordance with the AIM Rules for Companies which require that the financial
information must be presented and prepared in a form consistent with that
which will be adopted in the company's annual financial statements. 
 
Our responsibility is to express a conclusion on the interim financial
statements in the half-yearly financial report based on our review. This
report, including the conclusion, has been prepared for and only for the
company for the purpose of complying with the AIM Rules for Companies and for
no other purpose.  We do not, in giving this conclusion, accept or assume
responsibility for any other purpose or to any other person to whom this
report is shown or into whose hands it may come save where expressly agreed by
our prior consent in writing. 
 
What a review of interim financial statements involves 
 
We conducted our review in accordance with International Standard on Review
Engagements (UK and Ireland) 2410, 'Review of Interim Financial Information
Performed by the Independent Auditor of the Entity' issued by the Auditing
Practices Board for use in the United Kingdom. A review of interim financial
information consists of making enquiries, primarily of persons responsible for
financial and accounting matters, and applying analytical and other review
procedures. 
 
A review is substantially less in scope than an audit conducted in accordance
with International Standards on Auditing (UK and Ireland) and, consequently,
does not enable us to obtain assurance that we would become aware of all
significant matters that might be identified in an audit. Accordingly, we do
not express an audit opinion. 
 
We have read the other information contained in the half-yearly financial
report and considered whether it contains any apparent misstatements or
material inconsistencies with the information in the interim financial
statements. 
 
PricewaterhouseCoopers LLP 
 
Chartered Accountants 
 
Reading 
 
15th September 2016 
 
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