Interim 1998 - Notes to the Interim Statements

Accounting Policies
The financial information contained in this statement does not constitute statutory accounts within the meaning of section 240 of the Companies Act 1985.
The unaudited consolidated profit and loss account and balance sheet for the half years ended 31 March 1997 and 31 March 1998 have been prepared on a basis consistent with the statutory accounts for the year ended 30 September 1997. Those accounts received an unqualified auditors report and have been filed with the Registrar of Companies.

Taxation
The tax charge for the half year ended 31 March 1998 has been provided at the estimated effective rate for the full year.

Dividends
The proposed interim dividend of 2.7p (net) per ordinary share will be paid on 19 June 1998 to shareholders on the register on 5 June 1998.

Earnings per share
Basic earnings per share for the half year ended 31 March 1998 is based on 18,056,589 ordinary shares, being the weighted average number of ordinary shares in issue during the half year ended 31 March 1998.

Notes to the consolidated cash flow statement

Ł000	Half year ended
	31 March 1998	31 March 1997
Operating profit	334	1,248
Depreciation charge	1,629	1,095
(Profit)/Loss on disposal of fixed assets	(35)	15
Decrease in stock	989	426
Decrease/(Increase) in debtors	978	(4,892)
(Decrease)/Increase in creditors	(1,588)	4,836

Net cash inflow from operating activities	2,307	2,728

A printed copy of this Interim Report will be sent directly to shareholders. Copies of this Interim Report can be obtained from the registered office of the Company at:

New Mill House, 183 Milton Park
Abingdon, Oxfordshire, OX14 4SE

Chairman's Statement | Profit & Loss | Balance Sheet | Cash Flow | Notes

Š RM plc 1998