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.

201720162015201420132012
12m to Dec12m to Dec12m to Dec12m to Dec12m to Dec12m to Dec
Results £’000(as reported)(restated)(as reported)(as reported)
Revenue
Software19,99617,79515,26015,17216,31815,779
Discontinued operations--1,4001,31216,14418,398
Operating Profit before amortisation of intangible assets and exceptional items
Software3,3962,2251,6211,4161,3571,261
Continuing operations3,3962,2251,6211,4161,3571,261
Amortisation of intangible assets(1,035)(631)(495)(372)(376)(419)
Exceptionals---(138)-(152)
Operating profit/(loss)2,3611,5941,126906981690
Finance expenses(107)(90)(120)(220)(357)(223)
Profit/(loss) before taxation2,2541,5041,006686624467
Taxation(357)(261)(204)(173)(174)(69)
Profit/(loss) after taxation1,8971,243802513450398
EBITDA (Continuing operations)3,6432,5731,7951,4651,5791,343
Operating cash flow4,1672,4221,640(353)373(1,976)
Non-current assets15,96415,65812,56512,82914,28923,525
Working capital(4,867)(4,005)(3,646)(3,799)(4,705)(1,188)
Net borrowings(1,031)(1,304)(803)(2,035)(4,780)(7,069)
Shareholders equity/(deficit)11,4869,7167,8936,722(2,353)8,850
Ratios
Net borrowings % shareholder equity9%13%10%30%n/a80%
Current assets/current liabilities0.820.700.620.570.530.64
per Ordinary Share (pence)
Basic earnings per share (continuing operations)2.51.71.10.80.80.7
Net assets/(deficit) per share14.812.69.410.1(3.9)14.8
Dividends per share0.600.40----