Admission Document - BrainJuicer

9 Notes to the financial information (continued)
9.4 Operating (loss)/profit
Operating (loss)/profit is stated after charging:
Year ended Year ended Year ended
31 December 31 December 31 December
2003 2004 2005
£’000 £’000 £’000
Auditor’s remuneration:
Audit compliance fees 5 8 11
Tax services 2 2 2
Other advisory services 2 6 13
Operating lease costs:
Land and buildings 20 83 155
Amortisation 9 – –
Net loss on foreign currency translation – 18 20
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9.5 Interest receivable
Year ended Year ended Year ended
31 December 31 December 31 December
2003 2004 2005
£’000 £’000 £’000
Bank interest receivable 3
–––––––––
4
–––––––––
4
–––––––––
9.6 Interest payable and similar charges
Year ended Year ended Year ended
31 December 31 December 31 December
2003 2004 2005
£’000 £’000 £’000
––––––––– ––––––––– –––––––––
Other similar charges payable – – 44
This charge payable relates to the finance cost for the series A convertible preferred shares (“A
Preferred Shares”) accounted for under FRS25: Financial Instruments: Presentation and disclosure
as discussed in note 9.16.
9.7 Taxation on ordinary activities
(a)
(b)
There is no tax charge for the year 2005 (2004: £nil, 2003: £nil)
Factors affecting current tax charge
Year ended Year ended Year ended
31 December 31 December 31 December
2003 2004 2005
£’000 £’000 £’000
(Loss)/profit on ordinary activities before taxation (301)
–––––––––
191
–––––––––
(17)
–––––––––
(Loss)/profit on ordinary activities multiplied by
standard rate of tax of 19% (57) 36 (3)
Expenses not deductible for tax purposes 11 2 5
Difference between capital allowances and depreciation – 2 2
Utilisation of tax losses – (40) (4)
Unrelieved tax losses 46 – –
––––––––– ––––––––– –––––––––
Total current tax – – –
––––––––– ––––––––– –––––––––
33