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.

20162015201420132012
12m to Dec12m to Dec12m to Dec12m to Dec12m to Dec
Results £’000(as reported)(restated)(as reported)(as reported)
Revenue
Software17,79515,26015,17216,31815,779
Discontinued operations-1,4001,31216,14418,398
Operating Profit before amortisation of intangible assets and exceptional items
Software2,8671,6211,4161,3571,261
Continuing operations2,8671,6211,4161,3571,261
Amortisation of intangible assets(631)(495)(372)(376)(419)
Exceptionals-(138)-(152)
Operating profit/(loss)1,5941,126906981690
Finance expenses(90)(120)(220)(357)(223)
Profit/(loss) before taxation1,5041,006686624467
Taxation(261)(204)(173)(174)(69)
Profit/(loss) after taxation1,243802513450398
EBITDA (Continuing operations)2,4321,7951,4651,5791,343
Operating cash flow2,4221,640(353)373(1,976)
Non-current assets15,65812,56512,82914,28923,525
Working capital(4,005)(3,646)(3,799)(4,705)(1,188)
Net borrowings(1,304)(803)(2,035)(4,780)(7,069)
Shareholders equity/(deficit)9,7167,8936,722(2,353)8,850
Ratios
Net borrowings % shareholder equity13%10%30%n/a80%
Current assets/current liabilities0.700.620.570.530.64
per Ordinary Share (pence)
Basic earnings per share (continuing operations)1.71.10.80.80.7
Net assets/(deficit) per share12.69.410.1(3.9)14.8
Dividends per share0.40----