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.
201820172016201520142013
12m to Dec12m to Dec12m to Dec12m to Dec12m to Dec12m to Dec
Results £’000(as reported)(restated)(as reported)
Revenue
Software22,22019,99617,79515,26015,17216,318
Discontinued operations---1,4001,31216,144
Operating Profit before amortisation of intangible assets and exceptional items
Software4,4323,3962,2251,6211,4161,357
Continuing operations4,4323,3962,2251,6211,4161,357
Amortisation of intangible assets(1,124)(1,035)(631)(495)(372)(376)
Exceptionals(689)---(138)-
Operating profit/(loss)2,6192,3611,5941,126906981
Finance expenses(192)(107)(90)(120)(220)(357)
Profit/(loss) before taxation2,4272,2541,5041,006686624
Taxation(598)(357)(261)(204)(173)(174)
Profit/(loss) after taxation1,8291,8971,243802513450
Adjusted EBITDA (Continuing operations)4,6953,6432,7531,7951,6031,579
Operating cash flow4,4554,1672,4221,640(353)373
Non-current assets24,62415,96415,65812,56512,82914,289
Working capital(5,345)(4,867)(4,005)(3,646)(3,799)(4,705)
Net borrowings/(cash)2,109(1,031)(1,304)(803)(2,035)(4,780)
Shareholders equity/(deficit)15,67411,4869,7167,8936,722(2,353)
Ratios
Net borrowings % shareholder equity13%9%13%10%30%n/a
Current assets/current liabilities0.920.820.700.620.570.53
per Ordinary Share (pence)
Basic earnings per share (continuing operations)2.42.51.71.10.80.8
Net assets/(deficit) per share19.214.812.69.410.1(3.9)
Dividends per share0.680.600.40---