IFRS

NCC Group PLC 17 January 2006 NCC Group Transition to International Financial Reporting Standards NCC Group plc, the provider of Escrow Solutions, Testing Solutions and Consultancy, has adopted International Financial Reporting Standards (IFRS) with effect from 1 June 2005 and will on Monday 23 January 2006 report its Interim Results for the six month period ended 30 November 2005 under IFRS basis. This statement explains the audited results of the Group restated from UK Generally Accepted Accounting Principles (UK GAAP) under IFRS for the year ended 31 May 2005. The key changes for the Group are: â€¢ the non-amortisation of goodwill, â€¢ the inclusion of fair value charge in relation to employee share schemes, and â€¢ the timing of dividend recognition. The net impact of these changes for the year ended 31 May 2005 was that Group Operating profit increased by Â£1,188,000 to Â£5,789,000 and basic earnings per share increased from 6.10p to 10.2p. Full details are annotated below. 17 January 2006 Enquiries: NCC Group (www.nccgroup.com) 0161 209 5200 Paul Edwards, Group Finance Director College Hill Adrian Duffield/Corinna Dorward 020 7457 2020 1. Introduction As a London Stock Exchange AIM listed company NCC Group plc will be required to prepare its consolidated accounts in accordance with International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) as adopted for use in the European Union (EU) from the 1 January 2007, having previously prepared its accounts using UK Generally Accepted Accounting Principles (UK GAAP). The group have adopted the standards early and therefore the NCC Group will report under IFRS for the year ended 31 May 2006. This report together with its appendices shows the impact of the transition to IFRS on NCC Group plc's reported performance and financial position and reconciles this to previously reported financial information with relevant explanations and reasons for the adjustments. The directors are responsible for the preparation of the restated financial information and the IFRS restatement report was approved by the board of directors on 16 January 2006. 2. Preliminary consolidated income statements for the year ended 31 May 2005 and six months ended 30 November 2004 May 2005 November 2004 Â£000 Â£000 Revenue 17,971 8,513 Cost of sales (9,415) (4,584) Gross profit 8,556 3,929 Administrative expenses (2,767) (1,307) Operating profit 5,789 2,622 Financial income 162 55 Financial expenses - Float related finance costs (861) (861) - Other financial expense (534) (365) Total financial expenses (1,395) (1,226) Net financing costs (1,233) (1,171) Profit before taxation 4,556 1,451 Income tax expense (1,379) (458) Profit for the period 3,177 993 Attributable to Equity holders of the company 3,177 993 Profit for the period 3,177 993 Earnings per share Basic earnings per share 10.2p 3.3p Diluted earnings per share 10.0p 3.3p 3. Preliminary consolidated balance sheets for years ended 31 May 2005, 1 June 2004 and six months ended 30 November 2004 31 May 30 November 1 June 2005 2004 2004 Â£000 Â£000 Â£000 Non current assets Property, plant and equipment 1,002 761 546 Intangible assets 27,401 27,401 27,401 Deferred tax assets 166 110 71 Total non-current assets 28,569 28,272 28,018 Current assets Trade and other receivables 3,595 3,815 3,453 Cash and cash equivalents 5,103 2,581 4,278 Total current assets 8,698 6,396 7,731 Total assets 37,267 34,668 35,749 Equity Issued capital 326 326 100 Share premium 19,819 19,824 219 Retained earnings 3,755 1,648 526 Total equity attributable to equity holders of the parent 23,900 21,798 845 Minority interest (23) (23) (23) Total equity 23,877 21,775 822 Non current liabilities Interest bearing loans 3,882 4,478 26,566 Lease incentives 137 69 - Total non current liabilities 4,019 4,547 26,566 Interest bearing loans 1,200 1,200 1,362 Trade and other payables 2,563 2,214 2,265 Deferred revenue 4,885 4,428 4,033 Current tax payable 723 504 701 Total current liabilities 9,371 8,346 8,361 Total liabilities 13,390 12,893 34,927 Total liabilities and equity 37,267 34,668 35,749 4. Statement of changes in equity Share Share P&L Total Minority Total Capital Premium Reserve Interest Equity Â£000 Â£000 Â£000 Â£000 Â£000 Â£000 Balance at 1 June 2004 100 219 526 845 (23) 822 Share based charges - - 129 129 - 129 Profit for the period - - 993 993 - 993 Shares issued 226 19,605 - 19,831 - 19,831 Balance at 30 November 2004 326 19,824 1,648 21,798 (23) 21,775 Balance at 1 June 2004 100 219 526 845 (23) 822 Share based charges - - 297 297 - 297 Profit for the period - - 3,177 3,177 - 3,177 Shares issued 226 19,600 - 19,826 - 19,826 Dividends to shareholders - - (245) (245) - (245) Balance at 31 May 2005 326 19,819 3,755 23,900 (23) 23,877 5. Preliminary consolidated cash flow statements for the year ended 31 May 2005 and the six months ended 30 November 2004. May November 2005 2004 Â£000 Â£000 Cash flows from operating activities Profit for the period 3,177 993 Adjustments for: Depreciation charge 354 150 Share based payments 297 129 Finance expense 1,233 1,171 Income tax expense 1,379 458 Operating cash flow before changes in working capital 6,440 2,901 Increase in receivables (142) (362) Increase in payables 1,374 500 Profit on sale of fixed assets (11) (5) Cash generated from operations before interest and tax 7,661 3,034 Interest paid (1,059) (894) Income taxes paid (1,041) (284) Net cash generated from operating activities 5,561 1,856 Cash flows from investing activities Interest received 123 55 Proceeds from the sale of plant and equipment 34 7 Acquisition of property, plant and equipment (834) (367) Net cash used in investing activities (677) (305) Cash flows from financing activities Proceeds from the issue of ordinary share capital 19,826 19,831 Proceeds from borrowings 5,975 5,975 Payment of bank loans (12,875) (12,275) Receipt on disposal of interest rate swap 39 - Payment of loan notes (16,779) (16,779) Equity dividends paid (245) - Net cash from financing activities (4,059) (3,248) Net increase / (decrease) in cash and cash equivalents 825 (1,697) Cash and cash equivalents at beginning of period 4,278 4,278 Cash and cash equivalents at end of period 5,103 2,581 6. Basis of preparation The restated information has been prepared on the basis of all International Financial Reporting Standards (IFRS), Standing Interpretations Committee (SIC), International Financial Reporting Interpretations Committee (IFRIC) and interpretations issued by the International Accounting Standards Board (IASB) that are either, endorsed by the EU and effective (or available for early adoption) or, are expected to be endorsed and effective (or available for early adoption) for the Group's first IFRS annual financial statements for the year ending 31 May 2006. Based on these IFRS standards, the directors have made assumptions about the accounting policies expected to be applied when the first annual IFRS consolidated accounts are prepared for the year ending 31 May 2006 (the first annual IFRS consolidated accounts). 7. Transitional arrangements The requirements for first time adoption of IFRS are set out in IFRS 1, first time adoption of International Financial Reporting Standards. In general, a company is required to define its IFRS accounting policies and apply these retrospectively to determine its opening balance sheet as at 1 June 2004. To assist companies in their transition to reporting under IFRS, IFRS1 sets out various exceptions and exemptions from this principle of full retrospective adoption. The exemptions that NCC Group plc has applied under IFRS are as follows: a) Business combinations (IFRS 3) The Group has elected to apply IFRS 3 from the date of transition to IFRS rather than to restate previous business combinations. b) Share based payments (IFRS 2) The Group has elected not to apply the provisions of IFRS2, Share based payments, to share options granted on or before 7 November 2002 which had not vested on or before 1 January 2005. c) Foreign exchange differences (IAS 21) The Group has elected to apply IAS 21 and deem the cumulative exchange differences to be zero at the date of transition. 8. Significant changes in accounting policies Significant changes in accounting policies, which have arisen from NCC Group's transition to IFRS, are discussed below. The impact of the changes in policy is quantified by each standard in the attached appendices. IFRS 2 Share-based payments IFRS 2 requires that an expense for all equity-settled share based payments is recognised. The expense is calculated with reference to the fair value of the award on the date of grant and is spread over the period during which the employee becomes unconditionally entitled to the award, adjusted to reflect actual and expected levels of vesting. Black-Scholes, Binomial and Monte Carlo simulation models have been used to calculate the fair values of options on their grant date for all options issued after 7 November 2002 which had not vested by 1 January 2005. The impact of this is to reduce profit for the year ended 31 May 2005 by Â£297,000 (six months ended 30 November 2004: Â£129,000) together with an associated tax credit of Â£89,000 (six months ended 30 November 2004: Â£39,000). 8. Significant changes in accounting policies (continued) IFRS 3 Business combinations Under UK GAAP, goodwill arising on acquisitions made post 1 January 1998 was capitalised and amortised, on a straight line basis, over its useful economic life. Under IFRS 3, positive goodwill is considered to have an indefinite life and consequently is not amortised, but instead is subject to impairment testing both annually and when there are indications that the carrying value may not be recoverable in full. As permitted by IFRS 1, NCC Group plc has applied IFRS 3 from the transition date, rather than restating all previous business combinations. The impact of IFRS 3 on NCC Group plc is that the amortisation of goodwill is reversed increasing profit for the year ended 31 May 2005 by Â£1.5m (six months ended 30 November 2004 Â£0.752m) IAS 10 Events after the balance sheet date Under UK GAAP, dividends declared after the period end are recognised as a liability of the company at the balance sheet date. Under IAS 10, dividends declared after the period end represent a non-adjusting post balance sheet event and therefore no liability is recognised at the balance sheet date. Consequently, there is an adjustment as at 31 May 2005 to remove the liability of Â£571,000 (30 November 2004 interim dividend Â£245,000) SIC 15 Leasehold incentives Under UK GAAP the policy was to defer the incentive of a year's rent free period up to the first break clause in the lease. Under SIC 15 leasehold incentives must be spread over the whole of the lease term. Consequently the effect is to reduce profit for the year ended 31 May 2005 by Â£15,000 (six months ended 30 November 2004: Â£8,000) together with an associated tax credit of Â£5,000 (six months ended 30 November 2004: Â£3,000). Presentation of financial information The layout of the primary financial information has been amended in accordance with IAS 1 'Presentation of Financial Statements' from that presented under UK GAAP. This format and presentation may require modification as practice and industry consensus develops. 9. Revised accounting policies under IFRS Basis of preparation The consolidated accounts have been prepared in accordance with the recognition and measurement requirements of International Financial Reporting Standards in issue that are either endorsed by the EU and effective (or available for early adoption) at 31 May 2006 or are expected to be endorsed and effective (or available for early adoption) at 31 May 2006, the Group's first annual reporting date at which IFRS are to be adopted. The preparation of this financial information resulted in changes to the accounting policies as compared with the most recent annual financial statements prepared under previous GAAP. The accounting policies set out below have been applied consistently to all periods presented in this financial information. 9. Revised accounting policies under IFRS (continued) Basis of consolidation (i) Subsidiaries Subsidiaries are entities controlled by the company. Control exists where the company has the power, directly or indirectly, to govern the financial and operating policies of an entity so as to obtain benefits from its activities. The financial statements of subsidiaries are included in the consolidated financial statements from the date control commences until the date that control ceases. (ii) Transactions eliminated on consolidation Intra-group balances, and any unrealised gains and losses or income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial information. Goodwill Goodwill represents the difference between the cost of acquisition and the fair value of net identifiable assets acquired. Goodwill arising on acquisitions is capitalised and subject to an impairment review, both annually and when there are indication that its carrying value may not be recoverable. Property, plant and equipment Items of property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. Depreciation is charged to the income statement to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows: Computer equipment 20% to 33% Plant and equipment 20% Fixtures and fittings 20% Motor vehicles 25% Revenue recognition Turnover represents the invoiced value of goods and services provided during the period, excluding VAT and after deferred income. The results of partially completed contracts whether fixed price or on a time and materials basis are dealt with on a percentage completion basis by including the profit or loss earned on work completed to the balance sheet date. Provisions are made for any losses on uncompleted contracts expected to be incurred after the balance sheet date. Maintenance and Escrow Solution agreement revenue is recognised on a straight-line basis over the life of the related agreement. Foreign currencies Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities in foreign currencies are translated at the rates of exchange ruling at the balance sheet date. The balance sheets of overseas undertakings are also translated at the rates of exchange ruling at the balance sheet date. Income statements of overseas undertakings are translated at the average rates of exchange for the accounting period. The exchange differences arising from the retranslation of the opening balance sheet amounts are dealt with through equity. All other exchange differences are dealt with through the income statement. Under IAS 21, exchange differences resulting from the translation of the opening net investment in foreign operations that arise after the transition date are recognised as a separate reserve. 9. Revised accounting policies under IFRS (continued) Leases Operating lease rentals are charged to the income statement on a straight-line basis over the period of the lease. Lease incentives received are recognised in the income statement as an integral part of the total lease expense. Pension benefits The Group operates a defined contribution pension scheme. The assets of the scheme are kept separately from those of the Group in an independently administered fund. The amount charged against profits represents the contributions payable to the scheme in respect of the accounting period. Share-based payments The fair value of equity instruments granted to employees is charged to the income statement with a corresponding increase in equity. The fair value is measured at grant date, using an appropriate valuation model, and spread over the period during which the employee becomes unconditionally entitled to an award. The charge is adjusted to reflect the actual number of shares or options that vest, except where forfeiture is due to a market based criteria. Taxation Tax for the period comprises current and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity, in which case it is recognised in equity. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years. Deferred tax is provided using the balance sheet liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amounts of assets and liabilities, using tax rates enacted at the balance sheet date. A deferred tax asset is only recognised to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. Deferred tax assets are reduced to the extent that it is probable that the related deferred tax benefit will be realised. Cash and cash equivalents Cash and cash equivalents, for the purpose of the cash flow statement, comprises cash in hand and deposits repayable on demand less overdrafts payable on demand. Appendix 1 - Reconciliation of consolidated income statement from UK GAAP to IFRS for the year ended 31 May 2005 Previously IFRS 2 Share IFRS 3 IAS 10 SIC 15 31 May reported based charges Goodwill Dividends Leasehold 2005 under UK Incentives IFRS GAAP Â£000 Â£000 Â£000 Â£000 Â£000 Â£000 Revenue 17,971 17,971 Cost of sales (9,118) (297) (9,415) Gross profit / 8,853 (297) 8,556 (loss) Administrative (4,252) 1,500 (15) (2,767) expenses Operating profit / 4,601 (297) 1,500 (15) 5,789 (loss) Float related (861) (861) finance costs Financial income 162 162 Financial expense (534) (534) Net financing costs (1,233) (1,233) Profit / (loss) on 3,368 (297) 1,500 (15) 4,556 ordinary activities before taxation Tax on profit / (1,473) 89 5 (1,379) (loss) on ordinary activities Profit / (loss) on 1,895 (208) 1,500 (10) 3,177 ordinary activities after taxation Dividends (816) 571 (245) Profit / (loss) for 1,079 (208) 1,500 571 (10) 2,932 the year Attributable to Equity holders 1,079 (208) 1,500 571 (10) 2,932 of the company Equity minority - - interest Profit / (loss) on 1,079 (208) 1,500 571 (10) 2,932 ordinary activities Earnings per share Basic earnings per 6.1p 10.2p share Diluted earnings per 6.0p 10.0p share Appendix 2 - Reconciliation of consolidated income statement from UK GAAP to IFRS for the period ended 30 November 2004 Previously IFRS 2 Share IFRS 3 IAS 10 SIC 15 30 November reported based Goodwill Dividends Leasehold 2004 under UK charges Incentives IFRS GAAP Â£000 Â£000 Â£000 Â£000 Â£000 Â£000 Revenue 8,513 8,513 Cost of sales (4,455) (129) (4,584) Gross profit / 4,058 (129) 3,929 (loss) Administrative (2,051) 752 (8) (1,307) expenses Operating profit / 2,007 (129) 752 (8) 2,622 (loss) Float related (861) (861) finance costs Financial income 55 55 Financial expense (365) (365) Net financing costs (1,171) (1,171) Profit / (loss) on 836 (129) 752 (8) 1,451 ordinary activities before taxation Tax on profit / (500) 39 3 (458) (loss) on ordinary activities Profit / (loss) on 336 (90) 752 (5) 993 ordinary activities after taxation Dividends (245) 245 - Profit / (loss) for 91 (90) 752 245 (5) 993 the period Attributable to Equity holders 91 (90) 752 245 (5) 993 of the company Equity minority - - interest Profit / (loss) on 91 (90) 752 245 (5) 993 ordinary activities Earnings per share Basic earnings per 1.1p 3.3p share Diluted earnings per 1.1p 3.3p share Appendix 3 - Reconciliation of consolidated balance sheet from UK GAAP to IFRS at 31 May 2005 31 May IAS 1 IFRS 2 IFRS 3 IAS 10 SIC 15 31 May 2005 Reclassification Share based Goodwill Dividends Leasehold 2005 UK GAAP adjustment charges incentives IFRS Â£000 Â£000 Â£000 Â£000 Â£000 Â£000 Â£000 Non current assets Property, plant and 1,002 1,002 equipment Intangible assets 25,901 1,500 27,401 Deferred tax assets - 77 89 166 Total non current 26,903 77 89 1,500 28,569 assets Current assets Trade and other 3,672 (77) 3,595 receivables Cash and cash 5,103 5,103 equivalents Total current assets 8,775 (77) 8,698 Total assets 35,678 89 1,500 37,267 Equity Issued capital 326 326 Share premium 19,819 19,819 Retained earnings 1,605 89 1,500 571 (10) 3,755 Shareholders' funds 21,750 89 1,500 571 (10) 23,900 Minority interest (23) (23) Total equity and 21,727 89 1,500 571 (10) 23,877 reserves Non current liabilities Interest bearing 3,900 3,900 loans Lease incentives 122 15 137 Issue costs (18) (18) Total non current 4,004 15 4,019 liabilities Interest bearing 1,200 1,200 loans Trade and other 2,563 2,563 payables Dividends payable 571 (571) - Deferred revenue 4,885 4,885 Current tax payable 728 (5) 723 Total current 9,947 (571) (5) 9,371 liabilities Total liabilities 13,951 (571) 10 13,390 Total liabilities 35,678 89 1,500 37,267 and equity Appendix 4 - Reconciliation of consolidated balance sheet from UK GAAP to IFRS at 30 November 2004 31 May 2005 IAS 1 IFRS 2 IFRS 3 IAS 10 SIC 15 30 November Reclassification Share based Goodwill Dividends Leasehold 2005 UK GAAP adjustment charges incentives IFRS Â£000 Â£000 Â£000 Â£000 Â£000 Â£000 Â£000 Non current assets Property, plant and 761 761 equipment Intangible assets 26,650 751 27,401 Deferred tax assets - 71 39 110 Total non current 27,411 71 39 751 28,272 assets Current assets Trade and other 3,886 (71) 3,815 receivables Cash and cash 2,581 2,581 equivalents Total current assets 6,467 (71) 6,396 Total assets 33,878 39 751 34,668 Equity Issued capital 326 326 Share premium 19,824 19,824 Retained earnings 618 39 751 245 (5) 1,648 Shareholders' funds 20,768 39 751 245 (5) 21,798 Minority interest (23) (23) Total equity and 20,745 39 751 245 (5) 21,775 reserves Non current liabilities Interest bearing 4,500 4,500 loans Lease incentives - 61 8 69 Issue costs (22) (22) Total non current 4,478 61 8 4,547 liabilities Interest bearing 1,200 1,200 loans Trade and other 2,275 (61) 2,214 payables Dividends payable 245 (245) - Deferred revenue 4,428 4,428 Current tax payable 507 (3) 504 Total current 8,655 (61) (245) (3) 8,346 liabilities Total liabilities 13,133 - (245) 5 12,893 Total liabilities 33,878 - 39 751 34,668 and equity Appendix 5 - Reconciliation of consolidated balance sheet from UK GAAP to IFRS at 1 June 2004 1 June IAS 1 Reclassification 1 June 2004 2004 adjustment IFRS UK GAAP Â£000 Â£000 Â£000 Non current assets Property, plant and equipment 546 546 Intangible assets 27,401 27,401 Deferred tax assets - 71 71 Total non-current assets 27,947 71 28,018 Current assets Trade and other receivables 3,524 (71) 3,453 Cash and cash equivalents 4,278 4,278 Total current assets 7,802 (71) 7,731 Total assets 35,749 35,749 Equity Issued capital 100 100 Share premium 219 219 Retained earnings 526 526 Shareholders' funds 845 845 Minority interest (23) (23) Total equity and reserves 822 822 Non current liabilities Interest bearing loans 27,354 27,354 Issue costs (788) (788) Total non current liabilities 26,566 26,566 Interest bearing loans 1,362 1,362 Trade and other payables 2,261 2,261 Dividends payable 4 4 Deferred revenue 4,033 4,033 Current tax payable 701 701 Total current liabilities 8,361 8,361 Total liabilities 34,927 34,927 Total liabilities and equity 35,749 35,749 Appendix 6 - Reconciliation of consolidated cash flow from UK GAAP to IFRS for the period ended 30 November 2004 30 November IFRS 2 Share IFRS 3 SIC 15 30 November 2004 based Goodwill Leasehold 2004 UK GAAP charges incentives IFRS Â£000 Â£000 Â£000 Â£000 Â£000 Cash flows from operating activities Profit for the period 336 (129) 752 (8) 951 Adjustments for: Depreciation charge 150 150 Amortisation of goodwill 752 (752) - Share based charges - 129 129 Finance expense 1,171 1,171 Income tax expense 500 500 Operating cash flow before changes in 2,909 (8) 2,901 working capital Increase in receivables (362) (362) Increase in payables 492 8 500 Profit on sale of fixed assets (5) (5) Cash generated from operations 3,034 3,034 Interest paid (894) (894) Income taxes paid (284) (284) Net cash generated from operating 1,856 1,856 activities Cash flows from investing activities Interest received 55 55 Receipt on disposal of interest rate swap - - Proceeds from the sale of plant and 7 7 equipment Acquisition of property, plant and (367) (367) equipment Net cash used in investing activities (305) (305) Cash flows from financing activities Proceeds from the issue of ordinary share 19,831 19,831 capital Proceeds from borrowings 5,975 5,975 Payment of bank loans (12,275) (12,275) Payment of loan notes (16,779) (16,779) Equity dividends paid - - Net cash from financing activities (3,248) (3,248) Net increase / (decrease) in cash and cash (1,697) (1,697) equivalents Cash and cash equivalents at beginning of 4,278 4,278 period Cash and cash equivalents at end of period 2,581 2,581 Cash and cash equivalents comprise: Cash at bank and in hand 2,581 2,581 Appendix 7 - Reconciliation of consolidated cash flow from UK GAAP to IFRS for the year ended 31 May 2005 31 May IFRS 2 Share IFRS 3 SIC 15 31 May 2005 2005 based Goodwill Leasehold UK GAAP charges incentives IFRS Â£000 Â£000 Â£000 Â£000 Â£000 Cash flows from operating activities Profit for the period 1,895 (297) 1,500 (15) 3,083 Adjustments for: Depreciation charge 354 354 Amortisation of goodwill 1,500 (1,500) - Share based charges - 297 297 Finance expense 1,233 1,233 Income tax expense 1,473 1,473 Operating cash flow before changes in working 6,455 (15) 6,440 capital Increase in receivables (142) (142) Increase in payables 1,359 15 1,374 Profit on sale of fixed assets (11) (11) Cash generated from operations 7,661 7,661 Interest paid (1,059) (1,059) Income taxes paid (1,041) (1,041) Net cash generated from operating activities 5,561 5,561 Cash flows from investing activities Interest received 123 123 Proceeds from the sale of plant and equipment (834) (834) Acquisition of property, plant and equipment 34 34 Net cash used in investing activities (677) (677) Cash flows from financing activities Proceeds from the issue of ordinary share 19,826 19,826 capital Proceeds from borrowings 5,975 5,975 Payment of bank loans (12,875) (12,875) Receipt on disposal of interest rate swap 39 39 Payment of loan notes (16,779) (16,779) Equity dividends paid (245) (245) Net cash from financing activities (4,059) (4,059) Net increase / (decrease) in cash and cash 825 825 equivalents Cash and cash equivalents at beginning of 4,278 4,278 period Cash and cash equivalents at end of period 5,103 5,103 Cash and cash equivalents comprise: Cash at bank and in hand 5,103 5,103 This information is provided by RNS The company news service from the London Stock Exchange

Companies

NCC Group (NCC)

Thursday, 21st November 2024

COMPANIES COVERED:

HLMA JD. ITH

JD Sports tanks after management tighten profit guidance towards the lower end of expectations, Halma finds support from strong earnings and capital return commitment cheers shareholders in Ithica Energy.

Full Archive

UK 100

Latest directors dealings

2 hours ago Alphawave IP Group
3 hours ago WH Smith
3 hours ago Staffline Group
4 hours ago Manchester & London Investment Trust
4 hours ago Associated British Foods

All directors dealings today