formerly Motion Media PLC - Scotty Tele-Transport Corporation

SCOTTY GROUP PLC
(formerly Motion Media PLC)
NOTES TO THE FINANCIAL STATEMENTS
For the period from 1 January 2004 to 6 August 2004
12. ACQUISITION OF SUBSIDIARY UNDERTAKINGS (continued)
SCOTTY earned a profit after taxation of £250,000 in the year ended 31 December 2003. The summarised
profit and loss account for the period from 1 January 2004 to 28 July 2004 is as follows:
Profit and loss account £’000
Turnover 1,353
Cost of sales (1,238)
_____________
Gross profit 115
Administrative expenses (2,437)
Other operating income 156
_____________
Operating loss (2,166)
Interest payable and similar charges (73)
_____________
Loss on ordinary activities before tax (2,239)
Tax credit on loss on ordinary activities (12)
_____________
Loss for the period (2,251)
_____________
There were no other recognised gains and losses for the SCOTTY business in the periods disclosed above.
The post acquisition results and cashflows for the acquired SCOTTY business between 28 July 2004 and 6
August 2004 are not material and have not been disclosed separately.
13. STOCKS Group Company
6 August 31 December 6 August 31 December
2004 2003 2004 2003
£’000 £’000 £’000 £’000
Raw materials and consumables 1,147 1,265 - -
Work in progress 276 216 - -
Finished good and goods for resale 923 545 - -
_________ _________ _________ _________
2,346 2,026 - -
_________ _________ _________ _________
There is no material difference between the balance sheet value of goods and their replacement value.
14. DEBTORS Group Company
6 August 31 December 6 August 31 December
2004 2003 2004 2003
£’000 £’000 £’000 £’000
Trade debtors 550 590 - -
Other debtors 313 343 6 15
Prepayments and accrued income 287 542 13 3
_________ _________ _________ _________
1,150 1,475 19 18
_________ _________ _________ _________
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