Admission Document - BrainJuicer

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Notes to the financial information 1 Basis of preparation The interim financial information has been prepared on the same basis and using the same accounting policies as used in the audited financial statements for the year ended 31 December 2005. The <strong>BrainJuicer</strong> UK Group has expenditure which has been capitalised as fixed assets in the period and has been depreciated accordingly. 2 Segmental reporting Turnover is attributable to market research and is split between the UK and overseas as follows: 6 months 6 months ended ended 30 June 30 June 2005 2006 £’000 £’000 United Kingdom 944 1,220 Overseas 424 629 ––––––––– ––––––––– 1,368 1,849 ––––––––– ––––––––– 3 Tax on (loss)/profit on ordinary activities The tax charge for the period is £50,000 (2005: £nil). The tax charge is based on the (loss)/profit for the period and represents: 6 months 6 months ended ended 30 June 30 June 2005 2006 £’000 £’000 (Loss)/profit before taxation (44) 126 Expected corporation tax on (loss)/profit at 30% (2005: 30%) (13) 38 Effects of: Expenses not deductible for tax purposes 9 20 Difference between depreciation and capital allowances 2 (5) Creation of tax losses 2 – Difference between UK and overseas tax rates – (4) Prior year adjustment in respect of R&D tax credit – 1 ––––––––– ––––––––– Current tax charge for the period – 50 ––––––––– ––––––––– 4 Dividends No dividends have been declared in respect of the period ended 30 June 2006 (2005: nil). 47
5 (Loss)/earnings per share 6 months 6 months ended ended 30 June 2005 30 June 2006 (Loss)/profit attributable to shareholders (£’000) (44) 76 Weighted average number of shares 102,400 103,364 Dilutive effect of A Preferred Shares 80,000 Dilutive effect of options 8,001 ––––––––– Diluted weighted average number of shares 191,365 ––––––––– Basic (loss)/earnings per share (pence per share) (43) 74 Diluted (loss)/earnings per share (pence per share) (43) 40 ––––––––– ––––––––– The share options and A Preferred shares in issue in 2005 are considered to be anti-dilutive. 6 Capital and reserves Share Profit and premium Other loss account reserve account Total £’000 £’000 £’000 £’000 At 1 January 2006 555 10 (182) 383 Premium on allotment during the period 14 – – 14 Profit for the period – – 76 76 Stock option charge – 17 – 17 Exchange differences – – 2 2 ––––––––– ––––––––– ––––––––– ––––––––– At 30 June 2006 569 27 (104) 492 ––––––––– ––––––––– ––––––––– ––––––––– Share capital at 30 June 2006 amounted to £182 7 Reconciliation of operating (loss)/profit to net cash (outflow)/inflow from operating activities 6 months 6 months ended ended 30 June 30 June 2005 2006 £’000 £’000 Operating (loss)/profit (24) 142 Depreciation – 3 Decrease in stock 4 12 Decrease/(increase) in debtors 34 (305) (Decrease)/increase in creditors (68) 187 Stock option charge 4 17 Exchange differences – 2 ––––––––– ––––––––– Net cash (outflow)/inflow from operating activities (50) 58 ––––––––– ––––––––– 48
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 and 34: 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: Unaudited Consolidated Statement of
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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