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MMC Management Consulting Group Plc

0.23
0.00 (0.00%)
08 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Management Consulting Group Plc LSE:MMC London Ordinary Share GB0001979029 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.23 0.16 0.30 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Management Consulting Group PLC Final Results -6-

05/03/2015 7:02am

UK Regulatory


--------------------------------------------  --------  -------  -------  ------- 
 
 
                                                                 Rest of 
                                              Americas   Europe    World    Group 
--------------------------------------------  --------  -------  -------  ------- 
Year ended 31 December 2013                    GBP'000  GBP'000  GBP'000  GBP'000 
--------------------------------------------  --------  -------  -------  ------- 
Revenue - continuing operations                108,426  129,662   19,216  257,304 
Profit from operations before non-recurring 
 expenses and amortisation of acquired 
 intangibles                                    13,079    6,268    1,833   21,180 
Non-recurring expenses and amortisation 
 of acquired intangibles                       (1,239)  (2,447)        -  (3,686) 
--------------------------------------------  --------  -------  -------  ------- 
Profit from operations                          11,840    3,821    1,833   17,494 
--------------------------------------------  --------  -------  -------  ------- 
Investment income                                                             121 
Finance costs                                                             (3,595) 
--------------------------------------------  --------  -------  -------  ------- 
Profit before tax                                                          14,020 
--------------------------------------------  --------  -------  -------  ------- 
 

(ii) Net assets by geography

 
                                                         Rest of 
                                    Americas    Europe     World      Group 
At 31 December 2014                  GBP'000   GBP'000   GBP'000    GBP'000 
----------------------------------  --------  --------  --------  --------- 
Assets 
Intangibles, including goodwill      115,286   139,964     3,292    258,542 
Other segment assets                  46,905    55,144     4,325    106,374 
----------------------------------  --------  --------  --------  --------- 
                                     162,191   195,108     7,617    364,916 
Unallocated corporate assets                                          1,779 
----------------------------------  --------  --------  --------  --------- 
Consolidated total assets                                           366,695 
----------------------------------  --------  --------  --------  --------- 
Liabilities 
Segment liabilities                 (75,478)  (85,693)   (5,461)  (166,632) 
Unallocated corporate liabilities                                   (2,398) 
----------------------------------  --------  --------  --------  --------- 
Consolidated total liabilities                                    (169,030) 
----------------------------------  --------  --------  --------  --------- 
Net assets                                                          197,665 
----------------------------------  --------  --------  --------  --------- 
 
 
                                                         Rest of 
                                    Americas    Europe     World      Group 
At 31 December 2013                  GBP'000   GBP'000   GBP'000    GBP'000 
----------------------------------  --------  --------  --------  --------- 
Assets 
Intangibles, including goodwill      110,426   153,089     3,291    266,806 
Other segment assets                  43,913    55,586     5,708    105,207 
----------------------------------  --------  --------  --------  --------- 
                                     154,339   208,675     8,999    372,013 
Unallocated corporate assets                                          1,766 
----------------------------------  --------  --------  --------  --------- 
Consolidated total assets                                           373,779 
----------------------------------  --------  --------  --------  --------- 
Liabilities 
Segment liabilities                 (66,661)  (87,065)   (6,261)  (159,987) 
Unallocated corporate liabilities                                   (2,926) 
----------------------------------  --------  --------  --------  --------- 
Consolidated total liabilities                                    (162,913) 
----------------------------------  --------  --------  --------  --------- 
Net assets                                                          210,866 
----------------------------------  --------  --------  --------  --------- 
 

(iii) Capital additions, depreciation and amortisation by geography

 
                                                     Rest of 
                                  Americas   Europe    World    Group 
Year ended 31 December 2014        GBP'000  GBP'000  GBP'000  GBP'000 
--------------------------------  --------  -------  -------  ------- 
Capital additions                      714      380       42    1,136 
Unallocated corporate additions                                    23 
--------------------------------  --------  -------  -------  ------- 
Total capital additions                                         1,159 
--------------------------------  --------  -------  -------  ------- 
Depreciation and amortisation        2,214      573       84    2,871 
--------------------------------  --------  -------  -------  ------- 
 
 
                                                     Rest of 
                                  Americas   Europe    World    Group 
Year ended 31 December 2013        GBP'000  GBP'000  GBP'000  GBP'000 
--------------------------------  --------  -------  -------  ------- 
Capital additions                    1,907      387      231    2,525 
Unallocated corporate additions                                    21 
--------------------------------  --------  -------  -------  ------- 
Total capital additions                                         2,546 
--------------------------------  --------  -------  -------  ------- 
Depreciation and amortisation        2,631    2,340       91    5,062 
--------------------------------  --------  -------  -------  ------- 
 

(b) Revenue and underlying operating profit by operating segment

The two operating segments are combined into one reportable segment owing to similar underlying economic characteristics across the practices.

Not all significant non-recurring items and financial items can be allocated to the practices and are therefore disclosed for the reportable segment as a whole. Assets and liabilities by practice are not reviewed by the Board and are therefore not disclosed.

 
                                             Alexander 
                                             Proudfoot     Kurt Salmon     Total 
 Year ended 31 December 2014                   GBP'000         GBP'000   GBP'000 
-----------------------------------------  -----------  --------------  -------- 
 Revenue - continuing operations                60,884         181,890   242,774 
-----------------------------------------  -----------  --------------  -------- 
 Underlying operating (loss)/profit            (1,619)          13,437    11,818 
-----------------------------------------  -----------  --------------  -------- 
 Non-recurring expenses and amortisation 
  of acquired intangibles                                                (3,699) 
 Profit from operations                                                    8,119 
 Investment income                                                            69 
 Finance costs                                                           (3,254) 
-----------------------------------------  -----------  --------------  -------- 
 Profit before tax                                                         4,934 
-----------------------------------------  -----------  --------------  -------- 
 

(b) Revenue and underlying operating profit by operating segment (continued)

 
                                             Alexander 
                                             Proudfoot     Kurt Salmon     Total 
 Year ended 31 December 2013                   GBP'000         GBP'000   GBP'000 
-----------------------------------------  -----------  --------------  -------- 
 Revenue - continuing operations                68,760         188,544   257,304 
-----------------------------------------  -----------  --------------  -------- 
 Underlying operating profit                     7,352          13,828    21,180 
-----------------------------------------  -----------  --------------  -------- 
 Non-recurring expenses and amortisation 
  of acquired intangibles                                                (3,686) 
 Profit from operations                                                   17,494 
 Investment income                                                           121 
 Finance costs                                                           (3,595) 
-----------------------------------------  -----------  --------------  -------- 
 Profit before tax                                                        14,020 
-----------------------------------------  -----------  --------------  -------- 
 
   5.    Profit before tax 

Profit before tax has been arrived at after charging/ (crediting) the following:

 
                                                         2014     2013 
                                                Note  GBP'000  GBP'000 
----------------------------------------------  ----  -------  ------- 
Net foreign exchange losses/(gains)                       203    (269) 
Amortisation of intangible assets                       2,041    4,073 
Depreciation of property, plant and equipment             830      989 
Gain on disposal of fixed assets                        (341)    (116) 
Non--recurring items                                    2,912    1,525 
Staff costs                                        7  150,502  159,816 
----------------------------------------------  ----  -------  ------- 
 

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