Admission Document - BrainJuicer

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