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Results for the Year Ended 30 September 1997
Notes to the Accounts
1. Report and Accounts 1997
The financial information set out in this preliminary
results announcement does not constitute the Companys statutory
accounts for the years ended 30th September, 1997 or 30th September,
1996 but is derived from those accounts. Statutory accounts for 1995/1996
contained an unqualified audit report and have been delivered to the
Registrar of Companies. The statutory accounts for 1996/1997 will be
posted shortly, and delivered to the Registrar of Companies following
the Companys Annual General Meeting to be held on 28th January,
1998.
2. Earnings per share
Basic earnings per ordinary share for the year ended
30th September, 1997 is based on 17,852,021 ordinary shares, being the
weighted average number of ordinary shares in issue during the year.
The fully diluted earnings per ordinary share for the year ended 30th
September, 1997 takes account of share options in issue and is based
on a weighted average of 18,820,757 ordinary shares issued and issuable.
3. Dividends per share
The Directors have recommended the payment of a final
dividend of 7.2p (net) bringing the total dividend for the year to 9.5p
(net) per share. The final dividend is payable on 3rd February, 1998
to shareholders on the register on 5th December, 1997.
4. Net cash flow from operating activities
| £000 year ended: |
1997 |
1996 |
| Operating profit |
7,254 |
6,352 |
| Depreciation charge |
2,342 |
1,965 |
| Loss/(Profit) on sale of fixed assets |
131 |
(47) |
| Amortisation of intangible fixed assets |
51 |
- |
| (Increase)/Decrease in stock |
(331) |
1,219 |
| Increase in debtors |
(8,489) |
(2,504) |
| Increase in creditors |
8,604 |
1,288 |
| Net cash inflow from operating activities |
9,562 |
8,273 |
Press Releases
Copies of the Annual Report and Accounts may be obtained after the posting
date from the registered office of the Company at:
New Mill House, 183 Milton Park
Abingdon, Oxfordshire, OX14 4SE |