formerly Motion Media PLC - Scotty Tele-Transport Corporation

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SCOTTY GROUP PLC (formerly Motion Media PLC) NOTES TO THE FINANCIAL STATEMENTS For the period from 1 January 2004 to 6 August 2004 1. ACCOUNTING POLICIES (continued) Research and development Research and development expenditure, including all software tools, is written off in the year in which it is incurred. Share issue costs Costs related to the issue of new shares are charged to the share premium account. 2. ANALYSIS OF TURNOVER, LOSS BEFORE TAX AND NET ASSETS The turnover and loss before tax are attributable to the one principal activity of the group. Turnover Loss before tax Net assets ____________________________________ ____________________________________ ______________________________________ Period from Period from 1 Jan 2004 Year ended 1 Jan 2004 Year ended At At to 6 Aug 2004 31 Dec 2003 to 6 Aug 2004 31 Dec 2003 6 Aug 2004 31 Dec 2003 £’000 £’000 £’000 £’000 £’000 £’000 Geographical analysis by origin: United Kingdom 314 1,015 (1,876) (2,691) 16,584 7,977 USA 375 896 (2,043) (933) 824 (3,793) Austria - - (34) - (1,335) - Asia - - - - 138 - _________ _________ _________ _________ __________ _________ 689 1,911 (3,953) (3,624) 16,211 4,184 _________ _________ _________ _________ __________ _________ Period from 1 January 2004 Year ended to 6 August 31 December 2004 2003 Geographical analysis of turnover by destination: £’000 £’000 United Kingdom 298 804 Other European countries 16 96 Rest of the World 375 1,011 _________ _________ 689 1,911 _________ _________ 26
SCOTTY GROUP PLC (formerly Motion Media PLC) NOTES TO THE FINANCIAL STATEMENTS For the period from 1 January 2004 to 6 August 2004 3. OTHER OPERATING INCOME Period from 1 January 2004 Year ended to 6 August 31 December 2004 2003 £’000 £’000 Grant receivable - 99 Rent receivables 301 - Foreign exchange gains 77 - _________ _________ 378 99 _________ _________ 4. OPERATING LOSS Period from 1 January 2004 Year ended to 6 August 31 December 2004 2003 Operating loss is arrived at after charging/(crediting): £’000 £’000 Depreciation - owned assets 167 277 Amortisation of intangible assets 10 16 Auditors’ remuneration: - group audit fees 45 16 - company audit fees 5 5 - non-audit services 18 18 Operating leases - land and buildings 285 450 Profit on disposal of tangible fixed assets - (2) Research and development costs 819 1,072 _________ _________ Research and development costs include the costs of staff employed in those activities. In addition to the amounts disclosed above, the auditors’ remuneration for 2004 includes £90,000 of non-audit fees in relation to the recent share issue and acquisition of SCOTTY Tele-transport AG, which were charged against the share premium account and cost of acquisition. Included in auditors’ remuneration for non-audit work is £18,000 (2003: £18,000) in respect of taxation advice and compliance. 5. EXCEPTIONAL ITEMS INCLUDED WITHIN ADMINISTRATIVE EXPENSES Period from 1 January 2004 Year ended to 6 August 31 December 2004 2003 Within other operating expenses are exceptional items as follows: £’000 £’000 Restructuring costs 322 141 Provision against obsolete stock components 618 - Provision against specific old debtors 84 - Provision against prepaid licences for discontinued products 218 - _________ _________ 1,242 141 _________ _________ 27
Page 1 and 2: Company Registration Number 2908288
Page 3 and 4: SCOTTY GROUP PLC (formerly Motion M
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Page 43 and 44: NOTICE OF ANNUAL GENERAL MEETING SC
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Page 47 and 48: FORM OF PROXY SCOTTY GROUP plc (the

formerly Motion Media PLC - Scotty Tele-Transport Corporation

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