Advanced Computer Software Group plc Annual report 2013

Notes to the financial statementsof the Company continued7 Reconciliation of movement in shareholders’ fundsOrdinaryshare capital£’000Sharepremium£’000Mergerreserve£’000Share trustreserve£’000Retainedearnings£’000Opening balance 35,616 33,498 7,826 (1,777) 2,806 77,969 75,793Issue of share capitalFor cash 3,564 24,952 – – – 28,516 –In respect of the exerciseof the options 1,724 704 – – – 2,428 185Cost of issuing share capital – (790) – – – (790)Share-based payment – – – – 1,246 1,246 1,991Profit for the period – – – – – – –Closing balance 40,904 58,364 7,826 (1,777) 4,052 109,369 77,9692013Total£’0002012Total£’0008 Result for the yearThe result for the year was £nil (2012: £nil).74Advanced Computer Software Group plcAnnual Report 2013