Admission Document - BrainJuicer
Admission Document - BrainJuicer
Admission Document - BrainJuicer
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9 Notes to the financial information (continued)<br />
9.17 Reconciliation of movements in shareholders’ funds<br />
Year ended Year ended Year ended<br />
31 December 31 December 31 December<br />
2003 2004 2005<br />
£’000 £’000 £’000<br />
(Loss)/Profit for the financial year (301) 191 (17)<br />
Exchange differences – – 1<br />
Accrued A Preferred dividend (26) (28) –<br />
Accrued A Preferred dividend not declared 26 28 –<br />
––––––––– ––––––––– –––––––––<br />
Net (reduction)/addition to shareholders’ deficit (301) 191 (16)<br />
Opening shareholders’ funds (23) 242 433<br />
New equity share capital subscribed – – –<br />
Premium on new capital subscribed 566 – –<br />
Restatement at 1 January 2005:<br />
Reclassification of liability element of A Preferred<br />
shares (share premium) – – (11)<br />
Interest on liability element of A Preferred shares – – (33)<br />
Stock option charge – – 10<br />
––––––––– ––––––––– –––––––––<br />
Closing shareholders’ funds 242 433 383<br />
––––––––– ––––––––– –––––––––<br />
9.18 Reconciliation of operating (loss)/profit to net cash (outflow)/inflow from operating activities<br />
Year ended Year ended Year ended<br />
31 December 31 December 31 December<br />
2003 2004 2005<br />
£’000 £’000 £’000<br />
Operating (loss)/profit (304) 187 23<br />
Amortisation 9 – –<br />
Stock option charge – – 10<br />
Increase in stocks – (8) (5)<br />
Increase in debtors (209) (307) (222)<br />
Increase/(decrease) in creditors 103 201 (14)<br />
Exchange differences – – 1<br />
––––––––– ––––––––– –––––––––<br />
Net cash (outflow)/inflow from operating activities (401) 73 (207)<br />
––––––––– ––––––––– –––––––––<br />
9.19 Reconciliation of net cash flow to movement in net funds<br />
Year ended Year ended Year ended<br />
31 December 31 December 31 December<br />
2003 2004 2005<br />
£’000 £’000 £’000<br />
Increase/(decrease) in cash in the period 168 77 (203)<br />
Liability element of convertible preferred shares – – (88)<br />
Net funds at the start of the period 22 190 267<br />
––––––––– ––––––––– –––––––––<br />
Net funds at the end of the period 190 267 (24)<br />
––––––––– ––––––––– –––––––––<br />
39