Preliminary Results -4-

8. RECONCILIATION OF OPERATING PROFIT TO CASH GENERATED FROM OPERATIONS

 
                                                       2010          2009 
                                                        GBP           GBP 
 
 Operating profit for the year                      600,868        82,277 
 
 Adjustments for: 
 Depreciation of property, plant and 
  equipment                                         161,552       184,531 
 Loss on sale of tangible assets                     22,488           319 
 Amortisation of intangibles                        110,959       256,472 
 Goodwill write off                                 102,180             - 
 Fixed asset write off                               77,900             - 
 Revaluation of deferred share consideration       (23,394)             - 
 
 
 Operating cash inflow before movements 
  in working capital                              1,052,553       523,599 
 
 Decrease in inventories                              4,120       199,840 
 Decrease in trade and other receivables          1,930,654     1,013,357 
 (Decrease) in trade and other payables         (2,532,959)   (1,749,870) 
 
 
 Cash inflow/(outflow) generated from 
  operations                                        454,368      (13,074) 
 
 

9. AVAILABILITY OF THIS ANNOUNCEMENT

The financial information set out in this preliminary announcement does not constitute statutory accounts as defined in section 423 of the Companies Act 2006.

Copies of this announcement are available from the Company's registered office and from its website, at www.ycogroup.com.

The report and accounts for the year ended 31 December 2010 will be posted to shareholders in due course and will be available from the Company's registered office and from its website, at www.ycogroup.com.

- ENDS -

This information is provided by RNS

The company news service from the London Stock Exchange

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