Advanced Computer Software Group plc Annual report 2013

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Notes to the consolidatedfinancial statements continued13 Property, plant and equipmentYear ended 28 February 2013Property£’000Officeequipment& furniture£’000Computerequipment£’000CostBalance at 1 March 2012 1,632 3,376 14,547 19,555Additions in the year 421 41 2,338 2,800Assets acquired as part of business combinations – 9 516 525At 28 February 2013 2,053 3,426 17,401 22,880Total£’000DepreciationBalance at 1 March 2012 283 2,850 11,832 14,965Depreciation charge for the year 186 131 1,380 1,697Assets acquired as part of business combinations – 5 276 281At 28 February 2013 469 2,986 13,488 16,943Net book valueAt 28 February 2013 1,584 440 3,913 5,937Net book valueAt 29 February 2012 1,349 526 2,715 4,590The net book value of computer equipment includes an amount of £0.8m (2012: £0.6m) in respect of assets heldunder finance leases.Year ended 29 February 2012Property£’000Officeequipment &furniture£’000Computerequipment£’000CostBalance at 1 March 2011 1,489 5,821 10,693 18,003Reclassification 143 (2,661) 2,395 (123)Additions in the year – 335 2,012 2,347Assets acquired as part of business combinations – 12 4 16Disposals – (131) (557) (688)At 29 February 2012 1,632 3,376 14,547 19,555Total£’000DepreciationBalance at 1 March 2011 166 4,749 9,467 14,382Reclassification 47 (2,022) 1,852 (123)Depreciation charge for the year 78 212 929 1,219Disposals (8) (89) (416) (513)At 29 February 2012 283 2,850 11,832 14,965Net book valueAt 29 February 2012 1,349 526 2,715 4,590Net book valueAt 28 February 2011 1,323 1,072 1,226 3,62158Advanced Computer Software Group plcAnnual Report 2013
14 InventoriesFinished goods 397 221Work in progress 2,495 1,3202,892 1,54115 Trade and other receivablesTrade receivables 28,571 22,688Other receivables 964 109Prepayments 6,181 4,493Accrued income 1,109 66536,825 27,955Trade receivables include a provision of £1.2m (2012: £0.7m) for bad debts.2013£’0002013£’0002012£’0002012£’000Overview Business review Governance Financials16 Cash and cash equivalentsCash at bank 33,408 9,937Bank short term deposits 11 112013£’0002012£’00033,419 9,94817 Trade and other payables: currentTrade payables 3,753 2,491Taxation and social security 5,457 4,487Accruals 12,617 10,443Other payables 233 732013£’0002012£’00022,060 17,494Advanced Computer Software Group plcAnnual Report 201359
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ProfileAdvanced Computer Software G
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Revenue£26.2m(2012: £22.7m)EBITDA
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During the year Advanced commenced
Page 9 and 10: Strand Technology, with annual reve
Page 11 and 12: OverviewAdvanced 365 Managed Servic
Page 13: Operating reviewOverviewThe rolling
Page 18 and 19: Financial review continuedFinancing
Page 21 and 22: The Group actively participates in
Page 23 and 24: 1 2Michael JacksonChairmanMichael b
Page 25 and 26: Directors’ reportPrincipal activi
Page 27 and 28: employment from disabled people and
Page 29 and 30: The table below shows the number of
Page 32 and 33: Audit Committee report continuedExt
Page 34 and 35: Directors’ remuneration reportcon
Page 36 and 37: Independent auditor’s reportto th
Page 38 and 39: Consolidated statement ofcomprehens
Page 40 and 41: Consolidated cash flow statementfor
Page 42 and 43: Notes to the consolidatedfinancial
Page 74 and 75: Notes to the financial statementsof
Page 76 and 77: Notes to the financial statementsof
Page 78 and 79: Notes76Advanced Computer Software G
Page 80: Advanced Computer Software Group pl
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Advanced Computer Software Group plc Annual report 2013

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