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excel
version |
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Note |
6 months
ended
31 December
2007
£000 |
6 months
ended
31 December
2006
£000 |
Year
ended
30 June
2007
£000 |
 |
| Cash
flows from operating activities |
| Profit
after taxation |
6 |
1,027 |
2,598 |
| Adjustments
for: |
|
|
|
Depreciation of tangible assets |
7 |
426 |
460 |
896 |
|
Amortisation of intangible assets |
249 |
315 |
617 |
|
Amortisation of product development |
1,253 |
1,220 |
2,443 |
|
Share option charge/(credit) |
7 |
(14) |
11 |
| EDSIP charge |
311 |
678 |
734 |
|
Foreign exchange adjustment |
101 |
6 |
6 |
|
Loss on sale of fixed assets |
1 |
- |
7 |
|
Interest receivable |
(86) |
(95) |
(174) |
|
Interest payable |
- |
16 |
38 |
|
Taxation (credit)/charge |
10 |
(87) |
309 |
444 |
|
Cash
generated from operations
before changes in working capital |
2,181 |
3,922 |
7,620 |
| Decrease/(increase)
in trade & other receivables |
321 |
(1,670) |
(139) |
| (Decrease)/increase
in deferred income |
(1,030) |
(440) |
368 |
| Decrease
in trade & other payables |
(860) |
(945) |
(862) |
|
| Cash
generated from operations |
612 |
867 |
6,987 |
| Income
tax received/(paid) |
257 |
(275) |
(571) |
|
| Net
cash generated from operating activities |
869 |
592 |
6,416 |
 |
| Cash
flows from investing activities |
Purchase
of property, plant
& equipment |
(227) |
(324) |
(564) |
| Proceeds
from sale of property, plant & equipment |
2 |
- |
- |
| Purchase
of intangible assets |
(121) |
(637) |
(1,093) |
Payment
of deferred consideration on
intangible assets |
- |
(1,314) |
(1,542) |
| Capitalised
product development costs |
(1,321) |
(1,361) |
(2,739) |
| Interest received |
86 |
95 |
174 |
|
| Net
cash used in investing activities |
(1,581) |
(3,541) |
(5,764) |
|
| Cash
flows from financing activities |
| Dividends
paid |
(1,216) |
(1,188) |
(1,669) |
| Purchase
of own shares |
(147) |
(1,328) |
(1,328) |
| Interest paid |
- |
(16) |
(38) |
| Scrip dividend legal costs written
off share premium account |
(5) |
(13) |
(12) |
| Cash paid in lieu for unapproved share option schemes |
(7) |
(111) |
(303) |
| Share
option cash received |
19 |
12 |
58 |
|
| Net
cash used in financing activities |
(1,356) |
(2,644) |
(3,292) |
|
| Net decrease
in cash & cash equivalents |
(2,068) |
(5,593) |
(2,640) |
| Cash
& cash equivalents at the beginning of period |
6,560 |
9,452 |
9,452 |
| Effect
of exchange rate fluctuations in cash held |
217 |
(180) |
(252) |
|
| Cash
& cash equivalents at end of period |
|
4,709 |
3,679 |
6,560 |
|
Interim Results - Further
Details
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