Our financial strategy focuses on strong balance sheet and cash generation. We ensure prudent investment in our products and services in line with the prevailing market conditions.

20152014201320122011
12m to Dec12m to Dec12m to Dec12m to Dec18m to Dec
Results £’000(restated) (as reported)(as reported)(as reported)
Revenue
Software15,26015,17216,31815,77923,448
Discontinued operations1,4001,31216,14418,39860,413
Operating Profit before amortisation of intangible assets and exceptional items
Software1,6211,4161,3571,2611,567
Continuing operations1,6211,4161,357 1,261 1,051
Amortisation of intangible assets(495)(372)(376)(419)(908)
Exceptionals-(138)-(152)(365)
Operating profit/(loss)1,126906981690(222)
Finance expenses(120)(220)(357)(223)(708)
Profit/(loss) before taxation1,006686624467(930)
Taxation(204)(173)(174)(69)(279)
Profit/(loss) after taxation802513450398(1,209)
EBITDA (Continuing operations)1,7951,4651,5791,343n/a
Operating cash flow1,640(353)373(1,976)(7,076)
Non-current assets12,56512,82914,28923,52525,903
Working capital(3,646)(3,799)(4,705)(1,188)(2,358)
Net borrowings(803)(2,035)(4,780)(7,069)(4,577)
Shareholders equity/(deficit)7,8936,722(2,353)8,85014,155
Ratios
Net borrowings % shareholder equity10%30%n/a80%32%
Current assets/current liabilities0.620.570.530.640.85
per Ordinary Share (pence)
Basic earnings per share (continuing operations)1.10.80.80.7n/a
Net assets/(deficit) per share9.410.1(3.9)14.823.7
Dividends per share -----