Admission Document - BrainJuicer

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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 ––––––––– ––––––––– ––––––––– 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
9 Notes to the financial information (continued) 9.8 (Loss)/earnings per share Year ended Year ended Year ended 31 December 31 December 31 December 2003 2004 2005 (Loss)/profit attributable to shareholders (£’000) (301) 191 (17) Accrued dividend on A Preferred Shares (26) (28) – ––––––––– ––––––––– ––––––––– (327) 163 (17) ––––––––– ––––––––– ––––––––– Weighted average number of shares 102,400 102,400 102,400 Dilutive effect of A Preferred Shares 80,000 Dilutive effect of options 10,711 ––––––––– Diluted weighted average number of shares 193,111 ––––––––– Basic (loss)/earnings per share (pence per share) (319) 159 (17) Diluted (loss)/earnings per share (pence per share) (319) 99 (17) ––––––––– ––––––––– ––––––––– The share options and A Preferred Shares in issue in 2003 and 2005 are considered to be anti-dilutive. 9.9 Investments BrainJuicer UK owns 100 per cent. of the issued share capital of BrainJuicer Inc, a company incorporated in the United States of America in 2005. BrainJuicer Inc was dormant throughout the year. 9.10 Stocks As at As at As at 31 December 31 December 31 December 2003 2004 2005 £’000 £’000 £’000 ––––––––– ––––––––– ––––––––– Work in progress – 8 13 9.11 Debtors As at As at As at 31 December 31 December 31 December 2003 2004 2005 £’000 £’000 £’000 Trade debtors 209 460 695 Other debtors 19 34 27 Prepayments and accrued income 31 72 66 ––––––––– ––––––––– ––––––––– 259 566 788 ––––––––– ––––––––– ––––––––– 34
Page 1 and 2: Placing & Admission to AIM by Teath
Page 3 and 4: CONTENTS Page Definitions 3 Glossar
Page 5 and 6: “London Stock Exchange” “New
Page 7 and 8: PLACING STATISTICS Placing Price 10
Page 9 and 10: KEY INFORMATION THE FOLLOWING INFOR
Page 11 and 12: PART I INFORMATION ON THE GROUP Int
Page 13 and 14: • what questions should be includ
Page 15 and 16: 2000 2001 2002 2003 2004 2005 $bn $
Page 17 and 18: Simon Cedric Valentine Godfrey (age
Page 19 and 20: There are other conditions the Grou
Page 21 and 22: Investment Strategy • There can b
Page 23 and 24: Further Funding Requirements • Th
Page 25 and 26: • on 16 November 2006,22,825 Ordi
Page 27 and 28: OPINION In our opinion, the financi
Page 29 and 30: uling at the date of the transactio
Page 31 and 32: 6 Consolidated balance sheet As at
Page 33: 9 Notes to the financial informatio
Page 37 and 38: 9 Notes to the financial informatio
Page 43 and 44: OPINION In our opinion, the histori
Page 45 and 46: Unaudited Consolidated Balance Shee
Page 47 and 48: Unaudited Consolidated Statement of
Page 49 and 50: 5 (Loss)/earnings per share 6 month
Page 51 and 52: PART VI UNAUDITED PRO FORMA STATEME
Page 53 and 54: defined in section 94 of the Act) t
Page 55 and 56: share scheme (as defined in section
Page 57 and 58: 4. Articles of Association The Arti
Page 59 and 60: liability to the holders of shares
Page 61 and 62: (A) (B) the necessary quorum shall
Page 63 and 64: (iv) (v) (vi) (vii) Disposal of for
Page 65 and 66: and he may hold and be remunerated
Page 67 and 68: (vii) Election of two or more direc
Page 69 and 70: Pre-emption rights that apply on th
Page 71 and 72: agreement can be terminated upon si
Page 73 and 74: (m) Subject to the provisions of th
Page 75 and 76: (b) (c) Special circumstances inclu
Page 77 and 78: amendments regarding the limits on
Page 79 and 80: (e) Pursuant to the exchange of opt
Page 81 and 82: Other reliefs • Section 574 relie
Page 83: (ii) (iii) securities in the Compan

Admission Document - BrainJuicer

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