Annual Report 30 June 2007 - One Horizon Group

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4 BOARD OF DIRECTORS Richard Vos, Non-Executive Chairman Richard has extensive knowledge of the satellite and international telecommunications world with over 35 years experience of working in the industry. Current positions include Non-Executive Director of Avanti Screenmedia Group Plc, Avanti Communications Group Plc and of the National Space Science Centre Operations Ltd and Chairman of the British National Space Centre Telecommunications and Navigation Advisory Board. Previously Richard was Chairman of Inmarsat Ventures Plc and Inmedia Communications Limited. Richard is Chairman of the Remuneration Committee and a member of the Audit Committee. Mark White, Chief Executive Officer Mark is the CEO and founder of SatCom. He has been in the satellite communications business since 1995 and has been involved in the distribution of electronic equipment since 1990. Mark joined Cetrek Limited, a maritime autopilot manufacturer as sales manager, in 1984 and became sales director in 1988. In 1990 he left Cetrek to form Euro Marine Group Limited, a European distributor of US electronic marine equipment, including Garmin GPS products. In 1992, Mark was appointed Chief Executive of Garmin (Europe) Limited, bringing with him Euro Marine’s distribution business. Having successfully established Garmin’s distribution network, he then left Garmin to form Next Destination Limited, the European distributor of Magellen GPS and satellite communication products. In 1997 Mark sold Next Destination, but continued to work in the satellite communications industry and in 2001 established SatCom with Alexandra Johnson and Adam Thompson. Martin Ward, Chief Financial Officer Martin qualified as a Chartered Accountant in 1983 before joining PricewaterhouseCoopers (“PwC”) where he progressed to audit manager. In 1987, he left PwC to become a partner in Langdowns DFK a midsize professional firm based in Southampton. In 1990 he started acting for Mark White, advising him in the areas of business development and acquisition strategy. In 2004 Martin joined SatCom to oversee the financial aspects of running a global business and to assist with acquisitions. Alexandra (Sandy) Johnson, Chief Operations Officer Sandy is a co-founder of SatCom with Mark White and has been in the industry since 1995 when she joined Next Destination Limited as Finance and Operations Manager. Sandy has played a key role in the implementation of SatCom’s proprietary billing system, online technical support and airtime services websites. She has responsibility for the Sales performance and Operations in the Group. Stephen Austin, Non-Executive Director Stephen practised corporate law for ten years prior to moving into corporate finance in 2001. He was a Director of Corporate Finance at Teather & Greenwood Limited before moving to Libertas Capital Group plc, where he was Head of Corporate Broking. Stephen has now formed a specialist corporate broker called Hybridan LLP. Stephen is Chairman of the Audit Committee and a member of the Remuneration Committee.
DIRECTORS, OFFICERS AND ADVISERS Directors Richard Vos (Non-Executive Chairman) Mark White (Chief Executive Officer) Martin Ward FCA (Chief Financial Officer) Alexandra Johnson (Chief Operations Officer) Stephen Austin (Non-Executive Director) Secretary Martin Ward FCA Registered number 5066838 Registered office Unit 3, The Woodford Centre Old Sarum Park Lysander Way Old Sarum Salisbury Wiltshire SP4 6BU Principal trading Unit 3, The Woodford Centre address Old Sarum Park Lysander Way Old Sarum Salisbury Wiltshire SP4 6BU Corporate finance Ernst & Young LLP adviser 1 More London Place London SE1 2AF Nominated adviser Landsbanki Securities UK Limited and broker Beaufort House 15 St Botolph Street London EC3A 7QR Auditors Chantrey Vellacott DFK LLP Russell Square House 10 – 12 Russell Square London WC1B 5LF Principal bankers HSBC Bank Plc Southern Corporate Banking Centre Nelson Gate Commercial Road Southampton SO15 1GX Solicitors to the Shoosmiths Company (UK) Apex Plaza Forbury Road Reading RG1 1SH Attorneys to the Farrell Fritz P.C. Company (US) 1320 Reckson Plaza West Tower Uniondale New York 11556 Financial press Abchurch Communications Limited relations 100 Cannon St London EC4N 6EU Registrars Capita IRG plc Northern House Woodsome Park Fenay Bridge Huddersfield HD8 0LA 5
Page 1 and 2: Annual Report 30 June 2007 SatCom G
Page 3 and 4: CONTENTS Chairman’s statement 2 C
Page 5: CHIEF EXECUTIVE’S STATEMENT Highl
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 and 16: GROUP BALANCE SHEET As at 30 June 2
Page 17 and 18: GROUP CASH FLOW STATEMENT Year ende
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

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