TIDMOMIP 
 
23 March 2017 
 
                            One Media IP Group Plc 
 
                         ("One Media" or the "Group") 
 
                      Final Results and Notice of A.G.M. 
 
One Media iP (AIM: OMIP), the digital media content provider which exploits 
intellectual digital property rights around music, video and spoken word, is 
pleased to announce its Final Results for the year ended 31 October 2016. 
 
Financial Highlights 
 
  * Revenue GBP2,045,652 (2015: GBP2,519,330); 
  * EBITDA  GBP242,326 (2015: GBP670,804); 
  * Operating profit GBP28,959 (2015: GBP445,312); 
  * Cash balances of GBP335,664 at 31 October 2016 (2015: GBP816,249), and; 
  * Dividends paid in year ending 31 October 2016, totalling GBP100,896 (2015: GBP 
    100,647). The first on 20 November 2015 at 0.071p per share and on 22 July 
    2016 a further dividend of 0.071p per share. 
 
Operational Highlights 
 
  * Pursuant to the Half-Year ending 30 April 2016, an interim dividend of 
    0.071p per share announced. 
 
  * Philip Miles appointed to the Main Group PLC board to spearhead TCAT and 
    other OMIP technical developments. 
 
  * Nigel Smethers retires and Steve Gunning is appointed Company Secretary and 
    Financial Controller. 
 
  * Filming of a video pilot for a new Men & Motors series to be pitched to all 
    major broadcasters both in the UK and on the international broadcast 
    market. 
 
  * The Group's You Tube channels have achieved 2 billion viewed minutes to 
    date. 
 
  * Exclusive long-term digital exploitation license agreement with HiBrow 
    Productions on TV & music content. 
 
  * Acquired the exclusive ownership to the Owl Music Catalogue on a complete 
    buy-out basis. 
 
One Media CEO & Chairman, Michael Infante, commented 
 
"Our continued fall in turnover and profitability continues to challenge the 
Group. Brexit and the Sterling drop have not helped us in the year under 
review.. We are improving the way we market the Group's new activities which 
have broadened over the last year, all of which are more clearly defined on the 
Company's new web sites. As our Technical Copyright Analysis Tool (TCAT) 
develops we will become much more than just an audio-visual content business. 
We intend this technology (TCAT) to meet the changes that we have outlined over 
the last year by becoming a supplier of 'data intel' to the music industry. The 
shifting audio market continues to take its toll on our audio content sales but 
as the shift in monetising our music from downloading to streaming gains 
further traction we anticipate a levelling and repositioning looking ahead. We 
remain profitable with an EBITDA of GBP242,000 on a turnover of GBP2.05m 
maintaining a gross margin of 44.3%. The uplift in our video viewing on YouTube 
progresses and our channel management is encouraging with approximately 2 
billion minutes of video being viewed from our 25 You Tube channels since 2013. 
Streaming in both video and audio is now the dominant force with 'subscription' 
and 'ad-funded' revenue models. We have entered a different world of music 
sales, which continues to challenge our previous monetisation model.  My 
confidence however is high, as this shift comes as no surprise to the Group, as 
stated previously.  Streaming delivers a continued revenue source on every 
'play' of the Group's content. In other words, we generate revenue every time a 
consumer listens to our music. With the growth of digital stores like Spotify 
and Apple Music opening new territories globally, this will be good for us in 
the long term. Previously, when a track was downloaded we received a 'one off' 
payment, with streaming we receive payment every time the recording is played, 
effectively a digital pension. 
 
The report of the auditor in the Report and Financial Statements for the year 
ended 31 October 2016 is unqualified and the results announcement can be viewed 
on the company's website, http://www.onemediaip.com/, with effect from 
Wednesday 23 March 2017. Notice of the Annual General Meeting, to be held at 
11.00 a.m. on Friday 21 April 2017 will be posted to shareholders on or by 
Thursday 30 March 2017. 
 
For further information, please contact: 
 
One Media IP Group Plc 
 
Michael Infante                     Chairman and Chief Executive 
                                    Tel: +44 (0)175 378 5500 
 
Alice Dyson-Jones                   Corporate Communications 
                                    Tel: +44 (0)175 378 5501 
 
Cairn Financial Advisers LLP        Nominated Adviser 
 
Liam Murray / Jo Turner             Tel: +44 (0)20 7213 0880 
 
Panmure Gordon (UK) Ltd             Broker 
 
Karri Vuori                         Tel: +44 (0)20 7886 2500 
 
 
 
 
CEO & Chairman's Statement 
 
If I am in danger of beginning to sound like a worn out record that is being 
played at 45 rpm to 33 rpm then I fully admit maybe I am. No CEO & Chairman can 
take pleasure in reporting negative growth and receding profit especially one 
so invested. This is a storm. And not one for the faint-hearted investor that 
wants instant results. But continue to invest I do. My time, money and my 
enthusiasm. 
 
So why the drop? 
 
I have spoken in my previous statements about the 'long term'. Who is in charge 
of the 'long term' and how can I speed up the change and what do I mean by 
'long term'. The definition of 'long-term' according to an online dictionary is 
"evolving, maturing after, or being in effect for a long term" it does not 
state a period of time. A long-term mortgage can be greater than 25 years, a 
long-term marriage can suffer an 'itch' after 7 years! I am pleased to say that 
my long-term plans reflect neither of these two time scales. 
 
The drop was expected and predicted and indeed outlined by a Panmure Gordon's 
'brokers note' at the beginning of the year under review. Unfortunately, 
currency issues and Brexit have added to our pain, as we do after all pay 
royalties on a US Dollar basis. Currency is a big part of our world as dealing 
in over 120 territories globally everything ends up getting converted to US 
dollars and then back to British Sterling, even our UK sales. Our royalty 
Advance-recouping process (monies received in US dollars from our US based 
distributor) has contributed largely to us incurring a foreign exchange loss of 
GBP59,081. In addition, we have made cautious provisions for some non-material 
bad debts and carried the expense of employee change with the associated costs. 
 
At the end of calendar year 2016 the music industry proudly announced that it 
was on the mend. Global figures stated by the British Phonographic Industry 
(BPI) saw a rise to $15bn in global sales. Let's not forget that back in 2002 
(pre digital monetisation) this was $42bn. Of course this figure was entirely 
based on the physical medium of CD and cassettes being manufactured and 
distributed for every track of music sold. Now digital sales are outselling 
physical for the first time with 55% of UK sales in digital format. Physical 
sales have been given a boost by the occasional flash back to nostalgic vinyl 
LPs in which you are being led to believe is a 'new musical coming'. I will 
believe that when I see a record player in every new Tesla sold. 
 
My market overview below will provide a greater in-depth look at the state of 
the global music market. 
 
Our acquisition program has definitely slowed by design. We have signed several 
new deals and renewed certain exclusive licenses that have come up for review. 
We are renewing deals in line with digital store policy to meet the 
ever-increasing quality assurance store guidelines as laid down by our primary 
retail partners. The Group is well equipped to meet the meticulous 'meta-data' 
requirements carried out by our team of Creative Technicians with whom the 
Group trains in all the best practices of digital ingestion. We maintain our 
corporate YouTube partner accreditation for which our team participate in an 
annual exam to remain current and accredited. 
 
On YouTube, our content has exceeded 2 billion minutes of all time viewing. 
This (ad-funded) business model continues to grow for the Group. Our Creative 
Technicians are all trained in YouTube best practices to grow this emerging 
content exploitation and monetisation. 
 
Being based at Pinewood Studios we continue to focus on exploiting our music on 
both TV and film.  In the year under review our music has featured in TV shows 
such as 'Mozart of the Jungle', 'Agents of Shield', 'Sleepy Hollow', 'The 
Discovery', 'Code Black', 'Nashville', 'Pure Genius', 'Falling Water' and 
'Westworld' to name just a few. 
 
During the year under review TCAT (Technical Copyright Analysis Tool) has seen 
us continue investment in developing the 'Software as a Service' (SAAS) tool. 
It has been presented to a careful selection of major record labels and trials 
continue. The evolution of this software is gradual and the Group is now 
dedicating further financial resource and personnel to its continued 
development. We have identified initial client requirements during the last 
year, working with and testing TCAT with a few chosen major labels. We have 
made significant advances in TCATs ability to 'crawl' music sites and handle 
millions of lines of data, which is expanding its role as a tool for the music 
industry. We have produced a trade video for the purpose of demonstration, 
which outlines the many facets that TCAT can offer. The TCAT service is we 
believe, both unique and a first. Copyright control on legitimate digital 
stores has been widely overlooked by the industry with all eyes on global 
piracy, which is an ever-moving target. We have chosen to create a tool that 
focuses on content policing and auditing on the most popular legitimate stores 
such as iTunes, Apple Music and Spotify. During 2017 & 2018 the Group will 
continue with its chosen major label partners to test TCAT's services. I will 
keep you informed as to further developments as the Group pioneers ground 
breaking data research to further TCAT's future as a copyright control and 

audio exploitation analysis tool. Full details of this service can be found at 
http://www.tcat.media/. 
 
Financial Overview 
 
This has been, as predicted, a difficult year for us and as a consequence we 
have seen our revenue fall  with a final reported figure of GBP2,045,652, a 
decrease of 18.8% on the GBP2,519,330 from last year, but in line with market 
expectation.  Despite the decline in revenue we have been able to hold our 
gross margins at 44.3%, 7.0% behind 2015. Operating profit before tax is 
reported at GBP28,959, compared to the equivalent 2015 figure of GBP445,312. Aware 
of the fall in revenue we have kept strict control of our overheads, reporting 
at GBP876,742 and achieving a minimal increase of GBP29,925 on the GBP846,817 
reported for 2015. This was achieved despite incurring a foreign exchange loss 
of GBP59,081 down GBP36,527 on the 2015 figure of GBP95,608. This demonstrates the 
operational leverage within our business whilst maintaining tight control of 
administrative costs. 
 
A profit after tax attributable to equity shareholders of GBP62,871 is reported 
for the financial year. Down from the GBP356,738 in 2015 and due to the combined 
effects of the revenue fall and reduced margin. The corporation tax credit of GBP 
32,852 in the period (2015: charge of GBP92,031) is mainly as a result of the 
Research and Development allowances available to the Group (GBP38,812 prior year 
and GBP43,200 current year) and fixed asset timing differences, meaning a 
deferred tax liability of GBP5,960 has been recognised. 
 
EBITDA, calculated on profit from continuing activities before interest, tax, 
depreciation and amortisation is GBP242,326 (2015: GBP670,804). 
 
At the end of the year our cash position is reported at GBP335,664 (2015: GBP 
816,249). Due to the uncertainties in our business, mentioned elsewhere in this 
report, we have been careful over the investment in content and rights with 
this year showing a spend of only GBP280,176, reduced from the GBP325,568 for 2015. 
However, we maintained our dividend policy with total dividends virtually 
unchanged at GBP100,896 (2015: GBP100,647). 
 
We continue to operate a steady, considered approach with our acquisition 
programme. We will broaden our search for IP content and technical development, 
considering forums, avenues and methods of exploitation outside of the 
traditional music platforms. 
 
Content Update and Rights Acquisition 
 
We continue to make content acquisitions and strategic distribution deals. As 
we have in the audio business we look to acquire legacy content in the video 
market. This is a 'fit' with our growing YouTube channel initiative. 
 
On the 15 March 2016 we entered an exclusive digital exploitation agreement 
with the "Associated Rediffusion Television, Archive footage of 1954 to 1968" 
controlled by Archbuild Ltd.  The distribution agreement includes thousands of 
hours of television footage, broadcast by Rediffusion from the 1950s through to 
the 1960s. Many of the programs have not been seen for over 50 years but will 
prove to be of great historical importance as this archive reflects the 
development of independent television which revolutionised TV broadcast as we 
know it today. Programs include TV classics such as: The Frost Program, This 
Week (over 500 hours of international current affairs from the era covering the 
post war changes across the world), Various Popular TV Quiz Shows from the 
period, Children's of Other Lands, Half Hour Story, Intertel, The Levin 
Interviews, Man of our Times, Peace Keepers, No Hiding Place (crime dramas), 
Play of the Week, Something to Say (interviews with the great leaders and 
celebrities of the time) Do Not Adjust your set, At last the 1948 Show, World 
of Crime series and over a hundred of 'one-off' documentaries from the time 
period including, the Ideal Home, The Queens Speech, Harrods a Shopping Guide, 
The Harlem Globetrotters, British Communism, The Derby in the 60's, The Budget 
1962 and the British Academy Awards to name just a few selected titles. It is a 
vast historic collection of TV history memorabilia. The library is archived 
with the British Film Institute (BFI) and we have been in active discussions as 
to how we best digitally transpose this most historical collection from their 
original format into a digital format for distribution. 
 
On the 28 June 2016 we entered an exclusive long-term digital exploitation 
license agreement with HiBrow Production's TV & music catalogue for an Advance 
of GBP21,000 ($26,000 USD) recoupable against future royalties.  The film 
director Don Boyd founded Hibrow Productions in 2008. It gathered a wide 
eclectic range of prestigious professionals from within the international arts 
industries (the Hibrow 'Curators') in order to create high quality arts 
content. The company's experienced film-making teams have produced over 200 
hours of original 'high-definition' broadcast quality digital videos featuring 
numerous internationally acclaimed artists, authors, Hollywood actors, dancers, 
choreographers, conductors, musicians, directors and designers. It has enjoyed 
successful associations and partnerships with broadcasters including the BBC 
and Sky Arts where its content was regularly broadcast.  One Media will further 
exploit the Hibrow content primarily via its digital audio and video routes to 
market such as YouTube, Amazon and its 600 digital stores such as iTunes, 
Spotify, Deezer and Google Play. 
 
On the 24 August 2016 we acquired the exclusive rights and ownership to the Owl 
Music Catalogue on a complete buy-out basis for EUR21,000 (twenty one thousand 
Euros). The Owl catalogue comprises of over 1,100 original Irish folk and 
Celtic music recordings. The tracks have been marketed by One Media since 2008 
on a royalty sharing basis. Owl Records, was established in 1997. It developed 
a diverse catalogue of over 90 albums, mainly in the Celtic folk, traditional 
and new age genres. Original percussive arrangements of best-loved classical 
compositions are also included in the catalogue. There is additionally a varied 
range of Christmas albums. Unique to the catalogue is the 'Counties of Ireland' 
series, a 350 strong collection of songs drawn from the 32 counties of Ireland. 
Dagda's four Celtic new age albums spent over 100 weeks in the American New Age 
radio charts and provided the trailer sound track for an Oscar winning film. 
Their only dance album is 'Raverdance ­Celtic Clubland'. Rob Strong, father of 
Commitments star Andrew Strong has two albums in the catalogue which also 
includes some childrens' story collections. Each of Owl's six Mystical Ireland 
albums reached gold or platinum status in Ireland. Artists include Owl's 
founder and director Reg Keating, who is also the man behind Dagda, soul singer 
Rob Strong, popular Irish crooner Sonny Knowles, New Ireland Orchestra and 
balladeer/troubadour Tom Donovan. All Owl recordings were produced in its own 
studio in Ireland. 
 
Synchronisation, the placing of music in films, TV shows and video, has seen an 
increasing number of 'tune placings' over the last year. We have been 
successful in placing music from our own library, and that of our strategic 
partners, in some high profile broadcast opportunities, including adverts for 
BMW and Toyota. From the world of TV and Film, we have had placings in the 
Minions Movie, a track in the American series 'Nashville', 'The Messengers', 
'The Originals', 'Flash', 'Stereotypically You', 'Anitra's Dance', 'Looking' 
and a show on Fox/FX Networks called 'Wayward Pines' among many others. 
Monetising music through Film & TV is a strong way to get our content noticed 
and it assists in our digital exploitation opportunities via music stores, 
especially if the tracks are relatively unknown. 
 
The Men and Motors TV content that we acquired from Granada/ITV has continued 
to be exploited via YouTube and some minor third party licensing. During the 
year under review the Group invested a further GBP25,000 in the preparation of a 
new TV format trailer. In October 2016, we attended the Mip Com exhibition to 
present our newly formatted vision for a new Men & Motors TV show to 
broadcasters. Continued interest is expressed and any deals will be announced 
as they occur. Additionally we continue to offer the 3,400 archived shows to 
potential broadcast partners running legacy channels. Men & Motors now has over 
70,000 subscribers and receives circa 500,000 views a week on its dedicated 
YouTube channel operated by the Group and is monetised via ad-funded revenues. 
We remain positive that the brand has value and will suit broadcast in the 
future. 
 
Market Overview 
 
The British Phonographic Industry (BPI) stated that underlining the growing 
ascendancy of streams as the format of choice for many fans, December 2016 
witnessed the key milestone of one billion UK based audio streams taking place 
for the first time in a single week. To set this growth in context, weekly 
streams totalled less than 200 million at the start of 2014.  As a result of 
this dramatic increase, audio streaming now accounts for well over a third 
(36.4 per cent) of all UK music consumption. Downloaded albums and singles 
continued their downward trend as streaming takes over as the main digital 
platform, now accounting for just over a fifth (22.6 per cent) of music 
consumption volume in the UK. 
 
The International Federation of the Phonographic Industry (IFPI) reported that 
digital sales now contribute 45 per cent of the global industry revenue, this 
has overtaken physical's 39 per cent market share. Streaming revenues globally 
are up 45.2 per cent, helping to drive 3.2 per cent global growth. The global 
music market achieved a key milestone in 2015 when digital became the primary 
revenue stream for recorded music, overtaking sales of physical formats for the 
first time. This growth of 3.2 percent led to the industry's first significant 
year-on-year growth in nearly two decades, taking revenue to US$ 15.0 billion. 
Digital revenues now account for more than half the recorded music consumed in 

19 markets. However, The IFPI reports that there is a fundamental weakness 
underlying this recovery. Music is being consumed at record levels, but this 
explosion in consumption is not returning a fair remuneration to artists and 
record labels at this time. This is because of a market distortion resulting in 
a "value gap" which is depriving artists and labels of a fair return for their 
work. Streaming remains the industry's fastest-growing revenue source. Helped 
by the spread of smartphones, increased availability of high-quality 
subscription services and connected fans migrating onto licensed music 
services, streaming has grown to represent 19 per cent of global industry 
revenues, up from 14 per cent in 2014. Streaming now accounts for 43 per cent 
of digital revenues and is close to overtaking downloads (45 per cent) to 
become the industry's primary digital revenue stream. Premium subscription 
services have seen a dramatic expansion in recent years with an estimated 68 
million people now paying a music subscription where available. This figure is 
up from 41 million in 2014 and just eight million when data was first compiled 
in 2010. 
 
So when I talk of the long-term, we are amidst the change that will see a 
return to value moving forward as the market continues to shift to streaming. 
This is a global market with currently over 3.2 billion people now using the 
Internet via all routes of connection whether mobile or static according to the 
United Nations agency that oversees international communications. 
 
Employees 
 
Our headcount as of 31 October 2016 was 13 including all executive and 
non-executive directors (Group and Subsidiaries) and one technical consultant. 
The Group would like to thank all the directors and staff for their hard work 
during the year under review. The board will be undertaking a strategic review 
to ensure that the correct skill sets are in place in line with the changing 
trends of the market. 
 
Litigation 
 
In May 2015 the Group announced it had filed proceedings in the USA pursuant to 
its belief that its music rights had been exploited without authorisation. The 
Nashville Court ruled in the Group's favour with regard to the actions by HHO 
Licensing Ltd, Henry Hadaway Organisation Ltd and Henry Hadaway personally. One 
Media announced that this litigation was concluded. On 17 September 2015 the 
Federal Court in Nashville Tennessee issued a judgment in the sum of $781,846 
USD against Henry Hadaway, HHO Licensing Ltd and Henry Hadaway Organisation Ltd 
(which includes costs of $9,929 USD) for the wilful infringement of 1,466 
recordings from the Point Classics catalogue owned exclusively by One Media. On 
the 7 February 2017 after an application from the Hadaway defendants the Group 
was informed that the Nashville Court had retracted its jurisdiction over the 
Hadaway defendants and vacated its judgement. The Group has therefore decided 
to return the monies received to date from the original Nashville judgement to 
HHO Licensing Ltd, Henry Hadaway Organisation Ltd and Henry Hadaway pending an 
appeal. The Group will consider its position and issue a statement once it has 
further reviewed the situation. 
 
Outlook 
 
We have a continued period of change ahead of us as the remodelling from 
downloading to streaming revenues fully matures. I look forward to us 
developing our new technical initiatives and monetising them.   In addition, I 
believe that the market will begin to perceive us as more than just an audio 
distribution content business. Our video, brands and technical creativeness 
will be playing a greater role for the Group in the future. They say you have 
to move with the times, our challenge is to move ahead of the times. This we 
can do. We will be strengthening, investing and marketing certain Group 
activities during 2017. This is to align us with the changing landscape and to 
make the Group better understood within the space that we occupy. My team of 
directors and I remain committed to delivering value and will continue to meet 
the challenges that our industry faces. Thank you for your continued support. 
 
Michael Infante JP 
Chairman and CEO 
23 March 2017 
 
Consolidated Statement of Comprehensive Income 
For the year ended 31 October 2016 
 
                                               Year ended        Year ended 
                                               31 October        31 October 
                                                     2016              2015 
 
                                                        GBP                 GBP 
 
Revenue                                         2,045,652         2,519,330 
 
Cost of sales                                 (1,139,951)       (1,227,201) 
 
Gross profit                                      905,701         1,292,129 
 
Administration expenses                         (876,742)         (846,817) 
 
Operating profit                                   28,959           445,312 
 
Finance income                                      1,060             3,457 
 
Profit on ordinary activities before               30,019           448,769 
taxation 
 
Tax credit / (expense)                             32,852          (92,031) 
 
Profit for period attributable to 
equity shareholders and total                      62,871           356,738 
comprehensive income for the year 
 
Basic earnings per share 
                                                    0.09p             0.50p 
 
Diluted earnings per share                          0.08p             0.47p 
 
The Consolidated Statement of Comprehensive Income has been prepared on the 
basis that all operations are continuing activities. 
 
Consolidated Statement of Changes in Equity 
For the year ended 31 October 2016 
 
                    Share         Share      Share    Share  Retained     Total 
                  Capital    redemption    premium    based  earnings    equity 
                                reserve             payment 
                                                    reserve 
 
                        GBP             GBP          GBP        GBP         GBP         GBP 
 
At 1 November     353,518       239,546  1,452,895   21,215 1,091,911 3,159,085 
2014 
 
Proceeds from                         -      4,750        -         -     6,500 
the issue of new    1,750 
shares 
 
Share based             -             -          -   22,282         -    22,282 
payment charge 
 
Profit for the          -             -          -        -   356,738   356,738 
year 
 
Dividends               -             -          -        - (100,647) (100,647) 
 
At 1 November     355,268       239,546  1,457,645   43,497 1,348,002 3,443,958 
2015 
 
Share based             -             -          -   30,943         -    30,943 
payment charge 
 
Profit for the          -             -          -        -    62,871    62,871 
year 
 
Dividends               -             -          -        - (100,896) (100,896) 
 
At 31 October     355,268       239,546  1,457,645   74,440 1,309,977 3,436,876 
2016 
 
 
As detailed in note 15 Share capital the following transactions were 
undertaken: 
 
For the year ending 31 October 2015: 
 
  * On 12 May 2015 one employee exercised options on 100,000 ordinary shares of 
    0.5p each at 2.75p per share. The difference between the total 
    consideration received of GBP2,750 and the nominal value of the shares issued 
    of GBP500 has been transferred to the share premium account. 
 
  * On 27 July 2015 an employee exercised their right to convert 250,000 1.5p 
    warrants in ordinary shares of 0.5p each. The difference between the amount 
    raised of GBP3,750 and the nominal value of the shares issued of GBP1,250 has 
    been transferred to the share premium account. 
 
 
 
 
Consolidated Statement of Financial Position at 31 October 2016 
 
                                                       At                 At 
                                               31 October         31 October 
                                                     2016               2015 
 
                                                        GBP                  GBP 
 
Assets 
 
Non-current assets 
 
Intangible assets                               3,394,134          3,323,323 
 
Property, plant and                                 6,452              8,017 
equipment 
 
                                                3,400,586          3,331,340 
 
Current assets 
 
Trade and other receivables                       463,574            440,252 
 
Cash and cash equivalents                         335,664            816,249 
 
Total current assets                              799,238          1,256,501 
 
Total assets                                    4,199,824          4,587,841 
 
Liabilities 
 
Current liabilities 
 
Trade and other payables                          756,988          1,143,883 
 
Deferred tax                                        5,960                  - 
 
Total liabilities                                 762,948          1,143,883 
 
Equity 
 
Called up share capital                           355,268            355,268 
 
Share redemption reserve                          239,546            239,546 
 
Share premium account                           1,457,645          1,457,645 
 
Share based payment reserve                        74,440             43,497 
 
Retained earnings                               1,309,977          1,348,002 
 
Total equity                                    3,436,876          3,443,958 
 
Total equity and liabilities                    4,199,824          4,587,841 
 
 
Consolidated Cash Flow Statement 
For the year ended at 31 October 2016 
 
                       Year ended     Year ended     Year ended    Year ended 
                       31 October             31             31            31 
                             2016        October        October       October 
                            Group           2015           2016          2015 
                                           Group        Company       Company 
 

                                GBP              GBP              GBP             GBP 
 
Cash flows from 
operating activities 
 
Operating profit           30,019        448,769        262,899       280,657 
before tax 
 
Amortisation              209,365        216,989              -             - 
 
Depreciation                4,002          8,503              -             - 
 
Share based payments       30,943         22,282         30,943        22,282 
 
Finance income            (1,060)        (3,457)          (174)         (765) 
 
Decrease/(increase)      (23,320)         77,003      (276,743)     (362,391) 
in receivables 
 
Increase/(decrease)     (290,186)      (734,154)          4,509       (4,575) 
in payables 
 
Corporation tax paid     (57,900)       (17,686)              -             - 
 
Net cash inflow          (98,137)         18,249         21,434      (64,792) 
(outflow) from 
operating activities 
 
Cash flows from 
investing activities 
 
Investment in           (280,176)      (325,568)              -             - 
intellectual property 
rights 
 
Investment in             (2,436)        (5,208)              -             - 
property, plant and 
equipment 
 
Finance income              1,060          3,457            174           765 
 
Net cash used in        (281,552)                           174           765 
investing activities                   (327,319) 
 
Cash flows from 
financing activities 
 
Proceeds from the               -          6,500              -         6,500 
issue of new shares 
 
Share issue costs               -              -              -             - 
 
Dividends paid          (100,896)      (100,647)      (100,896)     (100,647) 
 
Net cash inflow         (100,896)       (94,147)      (100,896)      (94,147) 
(outflow) from 
financing activities 
 
Net change in cash      (480,585)      (403,217)       (79,288)     (158,174) 
and cash equivalents 
 
Cash at the beginning     816,249      1,219,466        110,771       268,945 
of the year 
 
Cash at the end of        335,664        816,249         31,483       110,771 
the year 
 
Notes to the Preliminary Results 
 
Basis of preparation 
 
The Company is a public limited company incorporated and domiciled in England 
under the Companies Act 2006. The board has adopted and complied with 
International Financial Reporting Standards (IFRS) as adopted by the European 
Union. The Company's shares are listed on the AIM Market (a share trading 
platform of the London Stock exchange). 
 
Taxation 
 
                                                   Year ended      Year ended 
                                                   31 October      31 October 
                                                         2016            2015 
 
                                                            GBP               GBP 
 
Analysis of the charge for the year 
 
Adjustments to tax charge in respect                 (38,812)         (5,801) 
of prior years 
 
UK corporation tax charge                                   -          97,832 
 
Deferred tax                                            5,960               - 
 
                                                     (32,852)          92,031 
 
 
The standard rate of tax for the year, based on the UK standard rate of 
corporation tax is 20% (2015: 20%). The actual tax charge for the periods is 
different than the standard rate for the reasons set out in the following 
reconciliation: 
 
Reconciliation of current tax charge                    Year ended     Year ended 
                                                   31 October 2016     31 October 
                                                                             2015 
 
                                                                 GBP              GBP 
 
Profit on ordinary activities before                        30,019        448,769 
tax 
 
Tax on profit on ordinary activities                         6,004         89,754 
at 20% (2015: 20%) 
 
Effects of: 
 
Non-deductible expenses                                      8,942 
                                                                            8,954 
 
Adjustments to tax charge in respect                      (38,812) 
of previous periods                                                       (5,801) 
 
Fixed asset timing differences                              34,499 
                                                                                - 
 
Depreciation in excess of capital 
allowances                                       (285)                      3,174 
 
Share scheme deduction                                           - 
                                                                          (4,050) 
 
Research and development                                  (43,200) 
                                                                                - 
 
Total tax (credit) / charge                               (32,852)         92,031 
 
 
Earnings per share 
 
The weighted average number of shares in issue for the basic earnings per share 
calculations is 71,053,698 (2015: 70,817,534) and for the diluted earnings per 
share assuming the exercise of all warrants and share options is 77,035,890 
(2015: 75,595,068). 
 
The calculation of basic earnings per share is based on the profit for the 
period of GBP62,871 (2015: GBP356,738). Based on the weighted average number of 
shares in issue during the year of 71,053,698 (2015: 70,817,534) the basic 
earnings per share is 0.09p (2015: 0.50p). The diluted earnings per share is 
based on 77,035,890 shares (2015: 75,595,068) and is 0.08p (2015: 0.47p). 
 
EBITDA 
 
Profit from continuing activities before interest, tax, depreciation and 
amortisation for the twelve months ended 31 October 2016 was GBP242,326 (2015: GBP 
670,804). 
 
Directors' responsibilities 
 
The Annual Report, including the financial information contained therein, is 
the responsibility of, and was approved by the directors on 22 March 2017. 
 
Availability of Report and Accounts and Notice of the Annual General Meeting 
 
Copies of the Company's Report and Accounts together with the Notice of the 
Annual General Meeting, to be held at 11.00 a.m. on Friday 21 April 2017 will 
be posted to shareholders on or by Thursday 30 March 2017. Copies of the 
Company's Report and Accounts will also be available at the registered office 
of the Company and can be viewed on the company's website, http:// 
www.onemediaip.com/. 
 
623 East Props 
Building 
 
Pinewood Studios 
 
Pinewood Road 
 
Iver Heath 
 
Buckinghamshire 
 
SL0 0NH 
 
 
 
END 
 

(END) Dow Jones Newswires

March 23, 2017 03:00 ET (07:00 GMT)