Financial Performance
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.
201920182017201620152014
12m to Dec12m to Dec12m to Dec12m to Dec12m to Dec12m to Dec
Results £’000(as reported)(restated)(as reported)(as reported)(as reported)(restated)
Revenue
Software25,39822,22019,99617,79515,26015,172
Discontinued operations----1,4001,312
Operating Profit before amortisation of intangible assets and exceptional items
Software5,4004,4793,3962,2251,6211,416
Continuing operations5,4004,4793,3962,2251,6211,416
Amortisation of intangible assets(1,445)(1,124)(1,035)(631)(495)(372)
Exceptionals(143)(689)---(138)
Operating profit/(loss)3,8122,6662,3611,5941,126906
Finance expenses(339)(272)(107)(90)(120)(220)
Profit/(loss) before taxation3,4732,3942,2541,5041,006686
Taxation(772)(598)(357)(261)(204)(173)
Profit/(loss) after taxation2,7011,7961,8971,243802513
Adjusted EBITDA (continuing operations)6,3025,2573,6432,7531,7951,603
Operating cash flow6,6695,0174,1672,4221,640(353)
Non-current assets25,74026,77315,96415,65812,56512,829
Working capital5,0664,814(4,867)(4,005)(3,646)(3,799)
Net bank borrowings / (cash)(1,101)1,814(1,031)(1,304)(803)(2,035)
Shareholders equity / (deficit)17,92415,47911,4869,7167,8936,722
Ratios
Net borrowings / (cash) % shareholders equity6%12%9%13%10%30%
Current assets/current liabilities0.980.870.820.700.620.57
per Ordinary Share (pence)
Basic earnings per share (continuing operations)3.32.32.51.71.10.8
Net assets / (deficit) per share21.818.914.812.69.410.1
Dividends per share0.70.680.600.40--