REG - Tristel PLC - Final Results <Origin Href="QuoteRef">TSTL.L</Origin> - Part 2

TristelAnnouncement

12/10/2015 07:00

- Part 2: For the preceding part double click  ID:nRSL8785Ba 

4,863    4,706  
 Rest of the World   101      126      Animal Healthcare      2,510    2,510  
                                       Contamination Control  272      365    
                                                                              
 Non-current assets  7,645    7,581                           7,645    7,581  
 
 
4.         TAXATION 
 
The taxation charge represents: 
 
                                                      2015     2014   
                                                      £'000    £'000  
 Current taxation-                                                    
 Corporation tax                                      363      248    
 Adjustment in respect of earlier years               (10)     (125)  
 Double taxation relief                               (113)    -      
 Foreign taxation                                     119      -      
 Total current tax                                    359      123    
 Deferred tax-                                                        
 Origination and reversal of temporary differences    (22)     428    
 Total deferred tax                                   (22)     428    
 Total tax charge in Income Statement                 337      551    
                                                                      
 
 
Factors affecting the tax charge: 
 
The tax assessed for the year differs from the standard rate of corporation
tax in the UK. The difference is explained below: 
 
                                                                  2015     2014   
                                                                  £'000    £'000  
                                                                                  
 Profit on ordinary activities before tax                         2,552    1,823  
                                                                                  
 Profit on ordinary activities                                                    
 multiplied by the standard rate of corporation tax                               
 in the UK of 20.75% (2014: 22.50%)                               530      410    
                                                                                  
 Effects of:                                                                      
 Expenses not deductible for tax purposes                         52       139    
 Tax rate differences                                             11       1      
 Enhanced relief on qualifying scientific research expenditure    (82)     (93)   
 Foreign tax credits                                              6        -      
 Adjustment in respect of prior years                             -        (125)  
 Income not taxable                                               -        (11)   
 Tax losses not utilised and other timing differences             (180)    230    
 Total tax charge for year                                        337      551    
                                                                                  
 
 
5.         DIVIDENDS 
 
                                                                                            2015     2014   
 Amounts recognised as distributions to equity holders in the year:                         £'000    £'000  
 Ordinary shares of 1p each                                                                                 
 Final dividend for the year ended 30 June 2014 of 1.26p                                                    
 (2013:  0.32p) per share                                                                   513      128    
 Interim dividend for the year ended 30 June 2015 of 0.585p                                                 
 (2014:  0.36p) per share                                                                   239      144    
                                                                                            752      272    
                                                                                                            
 Special dividend of 3p per share paid on the 3 August 2015                                 1,242    -      
 Proposed final dividend for the year ended 30 June 2015of 2.14p (2014: 1.26p) per share    884      507    
                                                                                                            
 Dividend received from subsidiary                                                          (800)    -      
 
 
6.         EARNINGS PER SHARE 
 
The calculations of earnings per share are based on the following profits and
numbers of shares: 
 
                                                                                           2015                 2014               
                                                                                           £'000                £'000              
 Retained profit for the financial year attributable to equity holders of the parent       2,215                1,298              
                                                                                                                                   
                                                                                           Shares '000Number    Shares '000Number  
 Weighted average number of ordinary shares for the purpose of basic earnings per share    40,705               39,989             
 Share options                                                                             1,614                -                  
                                                                                           42,319               39,989             
                                                                                                                                   
 Earnings per ordinary share                                                                                                       
 Basic                                                                                     5.44p                3.25p              
 Diluted                                                                                   5.23p                3.25p              
 
 
The calculation of diluted earnings per share includes no outstanding options
of ordinary shares at 30 June 2015 (30 June 2014: nil). All outstanding share
options are dilutive at 30 June 2015, but antidilutive at 30 June 2014. 
 
7.       CALLED UP SHARE CAPITAL 
 
 Allotted, issued and fully paid  Number:         £'000  
 30 June 2014                     40,234,701      402    
 Issued during the year           1,157,500       12     
 30 June 2015                     41,392,201      414    
 
 
8.                     ANNUAL REPORT 
 
The annual report and financial statements will be available on the company's
website www.tristel.com from 12 October 2015.  Printed copies will be posted
to shareholders prior to the Company's Annual General Meeting taking place on
15 December 2015 in Snailwell, Newmarket. 
 
This information is provided by RNS
The company news service from the London Stock Exchange