Annual Report & Accounts 2004 - Harvey Nash
Annual Report & Accounts 2004 - Harvey Nash
Annual Report & Accounts 2004 - Harvey Nash
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39<br />
<strong>Harvey</strong> <strong>Nash</strong> Group plc<br />
<strong>Annual</strong> <strong>Report</strong> & <strong>Accounts</strong> <strong>2004</strong><br />
Notes to the Financial Statements continued<br />
for the year ended 31 January <strong>2004</strong><br />
20 Share Capital<br />
Group Group Company Company<br />
31 January 31 January 31 January 31 January<br />
<strong>2004</strong> 2003 <strong>2004</strong> 2003<br />
Authorised<br />
75,000,000 (2003: 75,000,000) ordinary shares of 5p each 3,750 3,750 3,750 3,750<br />
Allotted and fully paid<br />
59,682,847 ordinary shares of 5p each (2003: 56,023,176) 2,984 2,801 2,984 2,801<br />
Details of the shares issued in the year are given in the Directors’ <strong>Report</strong>.<br />
21 Reserves<br />
Share<br />
Profit<br />
Shares to premium Other and loss<br />
be issued account reserves account<br />
Group £’000 £’000 £’000 £’000<br />
1 February 2003 – 16,445 10,898 (485)<br />
Shares to be issued 1,648 – – –<br />
Premium on shares issued less share issue costs – 1,578 838 –<br />
Retained loss for the year – – – (4,867)<br />
Exchange gain – – – 414<br />
31 January <strong>2004</strong> 1,648 18,023 11,736 (4,938)<br />
Share<br />
Profit<br />
Shares to premium Capital Other and loss<br />
be issued account contribution reserves account<br />
Company £’000 £’000 £’000 £’000 £’000<br />
1 February 2003 – 16,445 20,000 9,156 (8,646)<br />
Shares to be issued 1,648 – – – –<br />
Premium on shares issued less share issue costs – 1,578 – 838 –<br />
Retained loss for the year – – – – 2,277<br />
31 January <strong>2004</strong> 1,648 18,023 20,000 9,994 (6,369)<br />
Shares to be issued relates to the value of the deferred consideration shares estimated to be issued under the terms of the sale and<br />
purchase agreement for the acquisition of Snowdogs LLC.<br />
22 Reconciliation of Operating Loss to Net Cash Inflow<br />
<strong>2004</strong> 2003<br />
£’000 £’000<br />
Group operating loss (3,652) (6,405)<br />
Depreciation 1,322 2,147<br />
Amortisation 2,123 1,972<br />
Loss on disposal of fixed assets 50 1,109<br />
Decrease in debtors 611 9,292<br />
Increase/(decrease) in creditors 1,436 (2,394)<br />
Net cash inflow from operating activities 1,890 5,721
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