Admission Document - BrainJuicer

PART VI
UNAUDITED PRO FORMA STATEMENT OF NET ASSETS
ON THE GROUP
Set out below is the pro forma statement of net assets of the Group, prepared on the basis of the notes set out
below, to illustrate how the proposed Placing might have affected the consolidated net assets of the Group if
it had taken place on 19 September 2006. This statement has been prepared for illustrative purposes only,
and because of its nature, it may not give a true and fair picture of the financial position of the Group.
BrainJuicer
Pro forma
Group plc BrainJuicer net
At 19 Limited assets at
September At 30 19 September
2006 June 2006 Adjustments 2006
Note (1) Note (2) Note (3) Note (4) Note (5)
£’000 £’000 £’000 £’000 £’000
Fixed assets
Tangible assets –
–––––––––
72
–––––––––
–
–––––––––
–
–––––––––
72
–––––––––
– 72
Current assets
Stocks – 1 1
Debtors – 1,093 – – 1,093
Cash at bank and in hand –
–––––––––
61
–––––––––
–
–––––––––
1,006
–––––––––
1,067
–––––––––
1,155 – 1,006 2,161
Creditors: amounts falling
due within one year –
–––––––––
(685)
–––––––––
–
–––––––––
–
–––––––––
(685)
–––––––––
Net current assets – 470 – 1,006 1,476
Total assets less current
liabilities –
–––––––––
542
–––––––––
–
–––––––––
1,006
–––––––––
1,548
–––––––––
Creditors: amounts falling
due within one year – (50) – – (50)
––––––––– ––––––––– ––––––––– ––––––––– –––––––––
Net assets – 492 – 1,006 1,498
––––––––– ––––––––– ––––––––– ––––––––– –––––––––
Capital and reserves
Share capital – – 111 14 125
Share premium – 569 (569) 1,398 1,398
Other reserve – 27 – – 27
Merger reserve – – 458 – 458
Profit and loss account – (104) – (406) (510)
––––––––– ––––––––– ––––––––– ––––––––– –––––––––
– 492 – 1,006 1,498
––––––––– ––––––––– ––––––––– ––––––––– –––––––––
Notes:
(1) Based on the balance sheet at incorporation of BrainJuicer Group PLC, extracted without material adjustment from the financial
information set out in Part III of this document.
(2) Based on the consolidated balance sheet of BrainJuicer UK as at 30 June 2006, extracted without material adjustment from the
unaudited financial information set out in Part V of this document.
(3) The share-for-share exchange between BrainJuicer Group PLC and BrainJuicer UK is accounted for as a group reconstruction
and the difference between the nominal value of shares issued by BrainJuicer Group PLC and the share capital and share premium
of BrainJuicer UK has been transferred to a merger reserve.
(4) Represents the proceeds from the Placing of 1,388,900 Ordinary Shares of one pence each at a price of 108 pence per share net
of £494,000 expenses associated with the proposed Placing and admission to AIM, a market operated by London Stock Exchange
plc.
(5) The pro-forma financial information does not constitute statutory accounts within the meaning of section 240 of the Act. The
pro-forma statement of net assets of the Group does not take into account the effect of changes in trading or working capital of
the Group since 30 June 2006.
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