Final Results pt 2

NCC Group PLC
19 July 2005

Consolidated profit and loss account
for the year ended 31 May 2005

                         Note       Before                               Before      
                                  goodwill      Goodwill               goodwill      Goodwill    
                              amortisation  amortisation    Total  amortisation  amortisation    Total             
                                      2005          2005     2005          2004          2004     2004
                                      £000          £000     £000          £000          £000     £000
Turnover before movement
in deferred income                  18,786             -   18,786        15,316              -  15,316
Deferred income                       (815)            -     (815)         (797)             -    (797)

Turnover from continuing
operations                2         17,971             -   17,971        14,519              -  14,519
Cost of sales             4         (9,118)            -   (9,118)       (7,634)             -  (7,634)

Gross profit                         8,853             -    8,853         6,885              -   6,885
Administrative expenses   4         (2,752)       (1,500)  (4,252)       (2,079)       (1,505)  (3,584)

Operating profit from
continuing operations                6,101        (1,500)   4,601         4,806        (1,505)   3,301

Interest receivable       6                                   162                                  104
Interest payable and
similar charges           6                                  (534)                              (2,002)
                        
Exceptional finance      
costs                     3                                  (861)                                    -

Profit on ordinary
activities before
taxation                                                    3,368                                1,403
Tax on profit on          
ordinary activities       7                                (1,473)                                (893)

Profit on ordinary
activities after
taxation                                                    1,895                                  510
Dividends                 8                                  (816)                                  (4)

Retained profit for the
financial year                                              1,079                                  506
                                                           
Earnings per share
Basic                     9                                   6.1p                                 2.6p
Diluted                   9                                   6.0p                                 2.6p

Adjusted for the impact
of goodwill amortisation
and exceptional items
Basic                     9                                  12.8p                                10.3p
Diluted                   9                                  12.6p                                10.3p

There are no recognised gains or losses in the year other than the profit for each year.



Consolidated balance sheet
For the year ended 31 May 2005

                                      Note          2005        2005          2004        2004
                                                    £000        £000          £000        £000
Fixed assets
Intangible assets                      10                     25,901                    27,401
Tangible assets                        11                      1,002                       546

                                                              26,903                    27,947
Current assets
Debtors                                12          3,672                     3,524
Cash at bank and in hand                           5,103                     4,278

                                                   8,775                     7,802
Creditors: amounts falling due       
within one year                        13         (3,722)                   (2,778)
Net current assets                                             5,053                     5,024

Total assets less current                               
liabilities                                                   31,956                    32,971

Accruals and deferred income           14                     (6,225)                   (5,583)


Creditors: amounts falling due
after more than one year               15                     (4,004)                  (26,566)
                                       
Net assets                                                    21,727                       822

Capital and reserves
Called up share capital                17                        326                       100
Share premium account                  18                     19,819                       219
Profit and loss account                18                      1,605                       526
Shareholders' funds                                           21,750                       845

Minority interest                      19                        (23)                      (23)
Net assets                                                    21,727                       822

Shareholders' funds analysed as
Equity                                                        21,750                       776
Non-equity                                                         -                        69
                                                              21,750                       845



Company balance sheet
For the year ended 31 May 2005

                                           Note   £000        £000      £000          £000
                                                  2005        2005      2004          2004
Fixed assets
Investments                                                   29,145                29,145

                                                              29,145                29,145
Current assets
Debtors                                     12    207                   134
Cash at bank and in hand                          512                   309

                                                  719                   443
Creditors: amounts falling due within one   
year                                        13 (1,771)               (1,426)
Net current liabilities                                       (1,052)                 (983)
Total assets less current liabilities                         28,093                28,162
Accruals and deferred income                14                  (142)                 (586)
Creditors: amounts falling due after more  
than one year                               15                (3,882)              (26,566)
Net assets                                                    24,069                 1,010

Capital and reserves
Called up share capital                     17                   326                   100
Share premium account                       18                19,819                   219
Profit and loss account                     18                 3,924                   691
Equity shareholders' funds                                    24,069                 1,010



Consolidated cash flow statement
for the year ended 31 May 2005
                                               Note                        2005          2004
                                                                           £000          £000

Net cash inflow from operating activities      22 a                       7,661         5,218

Returns on investments and servicing of
finance
Interest received                                                           123           104
Receipt on disposal of interest rate swap                                    39             -
Interest paid                                                            (1,020)       (1,297)
Exceptional finance cost                                                    (35)            -
Preference dividend                                                          (4)            -
Net cash outflow from returns on investment and servicing of              
finance                                                                    (897)       (1,193)

Taxation
Corporation tax paid                                                     (1,041)         (924)

Capital expenditure
Receipt from sale of fixed assets                                            34            55
Purchase of fixed assets                                                   (834)         (203)
Net cash outflow for capital expenditure                                   (800)         (148)

Equity dividends paid                                                      (245)            -

Net cash inflow before financing                                          4,678         2,953

Financing
Receipt of bank loans                                                     5,975             -
Repayment of bank loans                                                 (12,875)       (1,400)
Repayment of loan notes                                                 (16,779)       (1,363)
Issue of ordinary share capital                                          19,826           223
Net cash outflow from financing                                          (3,853)       (2,540)

Increase in cash                               22 b                         825           413




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