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Report and Accounts 1998
The financial information set out in this preliminary results announcement does not constitute the Company’s statutory accounts for the years ended 30th September, 1998 or 30th September, 1997 but is derived from those accounts. Statutory accounts for 1996/1997 contained an unqualified audit report and have been delivered to the Registrar of Companies. The statutory accounts for 1997/1998 will be posted shortly, and delivered to the Registrar of Companies following the Company’s Annual General Meeting to be held on the 27th January, 1999.
Share subdivision
The Group effected a 5 for 1 subdivision of each ordinary share of 10p
into 5 ordinary shares of 2p on 29th June 1998. Earnings per share and
dividend per share information for 1998 and prior years have therefore
been divided by five as if the split had taken place prior to the start
of the relevant period.
Earnings per share
Basic earnings per ordinary share for the year ended 30th September,
1998 is based on 90,425,021 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,
1998 takes account of share options in issue and is based on a weighted
average of 95,517,010 ordinary shares issued and issuable.
Dividends per share
The Directors have recommended the payment of a final dividend of 1.8p
(net) bringing the total dividend for the year to 2.34p (net) per share.
The final dividend is payable on 3rd February, 1999 to shareholders
on the register on 4th December, 1998.
Net cash flow from operating activities
| £000 | Year ended | |
| 30 Sept 1998 | 30 Sept 1997 | |
| Operating profit | 9,522 | 7,254 |
| Depreciation charge | 2,818 | 2,342 |
| Amortisation of intangible fixed assets | 804 | 51 |
| (Profit)/Loss on disposal of fixed assets | (92) | 131 |
| Increase in stock | (2,560) | (331) |
| Increase in Debtors | (7,388) | (8,489) |
| Increase in Creditors | 15,482 | 8,604 |
| Net cash inflow from operating activities | 18,586 | 9,562 |
A printed copy of this Annual Report and Accounts will be sent directly to shareholders after the posting date. Copies 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
Chairman's Statement | Review of Operations | Profit & Loss | Balance Sheet | Cash Flow | Notes
© RM plc 1998
