Annual Report 30 June 2007 - One Horizon Group

Recommendations

Info

14 COMPANY BALANCE SHEET As at 30 June 2007 30 June 2007 30 June 2006 Note $000’s $000’s $000’s Fixed assets Investments 14 17,852 17,641 Current assets Debtors 16 4,097 505 Cash at bank and in hand 17 8,173 5,348 12,270 5,853 Creditors: Amounts falling due within one year 18 8,774 8,291 Net current assets/(liabilities) 3,496 (2,438) Total assets less current liabilities 21,348 15,203 Creditors: Amounts falling due after more than one year 19 7,237 5,141 14,111 10,062 Capital and reserves Called up share capital 24 6,053 5,250 Share premium account 25 4,845 723 Contingent share capital 26 500 714 Profit and loss account 25 2,713 3,375 Equity shareholder’s funds 14,111 10,062 These financial statements were approved by the Board and authorised for issue on 8 October 2007 and were signed on its behalf by: Mark White Martin Ward Chief Executive Officer Chief Financial Officer The notes on pages 16 to 32 form part of these financial statements.
GROUP CASH FLOW STATEMENT Year ended 30 June 2007 30 June 2007 30 June 2006 Note $000’s $000’s $000’s Net cash inflow/(outflow) from operating activities 28 1,660 (1,048) Returns on investments and servicing of finance Interest received 346 303 Interest paid (1,096) (740) Interest element of hire purchase (10) (8) Net cash outflow from returns on investments and servicing of finance (760) (445) Taxation (931) (751) Capital expenditure Payments to acquire intangible fixed assets (58) (657) Payments to acquire tangible fixed assets (1,144) (154) Net cash outflow from capital expenditure (1,202) (811) Acquisitions and disposals Cash paid to acquire subsidiary undertakings (2,223) (4,947) Net cash acquired with subsidiary undertakings (244) 867 Sale of subsidiary undertakings – 120 Net cash disposed of with subsidiary undertakings – (55) Net cash outflow from acquisitions and disposals (2,467) (4,015) Equity dividends paid (235) (78) Cash outflow before financing (3,935) (7,148) Financing Decrease in short term borrowing (356) (2,243) Issue of ordinary share capital (net of costs) 2,529 1,038 Issue of Convertible Unsecured Loan Stock (net of costs) 874 5,141 Capital element of hire purchase (54) (48) Net cash inflow from financing 2,993 3,888 Decrease in cash 30 (942) (3,260) The notes on pages 16 to 32 form part of these financial statements. 15
Page 1 and 2: Annual Report 30 June 2007 SatCom G
Page 3 and 4: CONTENTS Chairman’s statement 2 C
Page 5 and 6: CHIEF EXECUTIVE’S STATEMENT Highl
Page 7 and 8: DIRECTORS, OFFICERS AND ADVISERS Di
Page 9 and 10: Share options No Directors had inte
Page 11 and 12: ut not absolute, assurance with reg
Page 13 and 14: INDEPENDENT AUDITORS’ REPORT to t
Page 15: GROUP BALANCE SHEET As at 30 June 2
Page 19 and 20: 1. Accounting policies (continued)
Page 21 and 22: 4. Operating profit 30 June 2007 30
Page 23 and 24: 8. Earnings per share Basic earning
Page 25 and 26: 13. Tangible fixed assets Short Lea
Page 27 and 28: 15. Stocks Group Company 30 June 20
Page 29 and 30: 21. Deferred taxation The movement
Page 31 and 32: 24. Share capital Authorised share
Page 33 and 34: 27. Reconciliation of movements in
Page 35 and 36: HORIZON MOBILE COMMUNICATIONS HORIZ

Annual Report 30 June 2007 - One Horizon Group

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?