| |
Note |
6 months
ended
31 December
2007
£000 |
6 months
ended
31 December
2006
£000 |
Year
ended
30 June
2007
£000 |
 |
| Revenue |
|
|
|
|
| License rentals |
|
1,543 |
1,744 |
3,347 |
| Maintenance |
|
7,332 |
6,984 |
14,178 |
|
| Recurring revenue |
|
8,875 |
8,728 |
17,525 |
|
| License sales |
|
3,587 |
4,610 |
9,441 |
| Agents' royalties |
|
640 |
690 |
1,404 |
| Prof. services
& other revenue |
|
991 |
905 |
1,910 |
|
| New business revenue |
|
5,218 |
6,205 |
12,755 |
|
| Total revenue |
6 |
14,093 |
14,933 |
30,280 |
 |
| Operating expenses before
amortisation
&
material one-off items |
7 |
(12,064) |
(11,689) |
(23,309) |
| Amortisation
of intangible assets |
7 |
(1,502) |
(1,535) |
(3,060) |
Redundancy costs (incl. legal &
prof. fees) |
8 |
(247) |
(140) |
(657) |
Compensation
for loss of office
for former director & replacement
costs
(incl. legal & prof. fees) |
8 |
(339) |
(317) |
(317) |
| Restructuring & strategy costs |
8 |
(128) |
(77) |
(140) |
|
| Total
operating expenses |
7 |
(14,280) |
(13,758) |
(27,483) |
| Other operating
income |
|
20 |
82 |
109 |
|
| Operating
(loss)/profit |
|
(167) |
1,257 |
2,906 |
| Interest receivable |
|
86 |
95 |
174 |
| Interest payable |
|
- |
(16) |
(38) |
|
| (Loss)/profit
before taxation |
|
(81) |
1,336 |
3,042 |
| Taxation |
10 |
87 |
(309) |
(444) |
|
| Profit for the period |
|
6 |
1,027 |
2,598 |
|
| |
|
|
|
|
| Earnings
per share |
|
|
|
|
| Basic |
12 |
0.0p |
4.6p |
11.7p |
|
| Diluted |
12 |
0.0p |
4.4p |
11.5p |
|
| |
|
|
|
|
| Dividend
per share |
11 |
2.5p |
2.5p |
7.5p |
|
Under IFRS these financial statements do not reflect the proposed dividend. The listing rules, however, require the dividend paid and proposed and the rates of dividends to be shown on the face of the Income Statement for the preliminary announcement.
| |
Per share |
6 months
ended
31 December
2007
£000 |
6 months
ended
31 December
2006
£000 |
Year
ended
30 June
2007
£000 |
|
FY2008
pence |
FY2007
pence |
|
| Ordinary shares of 5p each |
|
|
|
|
| Final paid |
5.25 |
5.0 |
1,167 |
1,110 |
1,110 |
| Interim proposed |
2.50 |
2.5 |
555 |
555 |
555 |
|
| |
7.75 |
7.5 |
1,722 |
1,665 |
1,665 |
|
Underlying Trading Profit
|
| |
6 months
ended
31 December
2007
£000 |
6 months
ended
31 December
2006
£000 |
Year
ended
30 June
2007
£000 |
|
| (Loss)/profit before taxation |
(81) |
1,336 |
3,042 |
Add: Amortisation of
intangible
assets |
7 |
1,502 |
1,535 |
3,060 |
| Add: Material one-off
items |
8 |
714 |
534 |
1,114 |
Add: Depreciation of
tangible
assets |
426 |
460 |
896 |
| Less: Net interest |
|
(86) |
(79) |
(136) |
|
Earnings before taxation, interest,
depreciation, amortisation &
material one-off items (EBITDae) |
|
2,475 |
3,786 |
7,976 |
| Less: Depreciation of tangible assets |
(426) |
(460) |
(896) |
| Add: Net interest |
|
86 |
79 |
136 |
|
Profit before taxation, amortisation
&
material one-off items |
|
2,135 |
3,405 |
7,216 |
| Add: IFRS2 share-based payments |
288 |
679 |
745 |
| Less: Capitalised product development costs |
(1,321) |
(1,361) |
(2,739) |
|
| Underlying Trading Profit |
|
1,102 |
2,723 |
5,222 |
|
|
