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ACSO Accesso Technology Group Plc

636.00
8.00 (1.27%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Accesso Technology Group Plc LSE:ACSO London Ordinary Share GB0001771426 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.00 1.27% 636.00 630.00 640.00 636.00 616.00 616.00 20,612 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Integrated Sys Design 139.73M 10.06M 0.2395 26.30 264.56M

Accesso Technology Group PLC Preliminary Results Audit Update (0043J)

27/03/2018 7:01am

UK Regulatory


Accesso Technology (LSE:ACSO)
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From Apr 2019 to Apr 2024

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TIDMACSO

RNS Number : 0043J

Accesso Technology Group PLC

27 March 2018

27 March 2018

accesso(R) Technology Group plc

("accesso" or the "Group")

Preliminary Results Audit Update

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment hospitality, attractions and cultural markets, announces that further to the publication of its unaudited preliminary results on 21 March 2018, the Group's audit process for 2017 has now completed.

As part of this process, the Group has reclassified a liability of $1.3m originally included within "Trade and other payables" to "Other reserves", which results in the Group's Net Assets as at 31 December 2017 increasing by $1.3m from the number reported in the unaudited statements. The relevant revised information is included for convenience herewith:

Consolidated statement of financial position

as at 31 December 2017

 
                                        31 December   31 December 
 Registered Number: 03959429                   2017          2016 
                                               $000          $000 
 ------------------------------------  ------------  ------------ 
 Assets 
 Non-current assets 
 Intangible assets                          198,298        81,612 
 Property, plant and equipment                3,400         3,494 
 Deferred tax assets                          8,937         6,008 
                                       ------------  ------------ 
                                            210,635        91,114 
                                       ------------  ------------ 
 
 Current assets 
 Inventories                                    506           491 
 Trade and other receivables                 19,761        10,232 
 Income tax receivable                            -           681 
 Cash and cash equivalents                   28,668         5,866 
                                       ------------  ------------ 
                                             48,935        17,270 
                                       ------------  ------------ 
 
 Liabilities 
 Current liabilities 
 Trade and other payables                    49,874        11,242 
 Finance lease liabilities                        9            54 
 Income tax payable                             613             - 
                                       ------------  ------------ 
                                             50,496        11,296 
                                       ------------  ------------ 
 
 Net current (liabilities) / assets         (1,561)         5,974 
                                       ------------  ------------ 
 
 Non-current liabilities 
 Deferred tax liabilities                    14,629         9,990 
 Finance lease liabilities                        -             9 
 Other non-current liabilities                3,024             - 
 Borrowings                                  16,140         9,298 
                                       ------------  ------------ 
                                             33,793        19,297 
                                       ------------  ------------ 
 
 Total liabilities                           84,289        30,593 
                                       ------------  ------------ 
 
 Net assets                                 175,281        77,791 
                                       ============  ============ 
 
 Shareholders' equity 
 Called up share capital                        411           357 
 Share premium                              105,207        28,150 
 Own shares held in trust                   (1,163)       (1,163) 
 Other reserves                              14,453         9,242 
 Retained earnings                           39,820        29,919 
 Merger relief reserve                       19,641        14,540 
 Translation reserve                        (3,088)       (3,254) 
                                       ------------  ------------ 
 
 Total shareholders' equity                 175,281        77,791 
                                       ============  ============ 
 

Consolidated statement of changes in equity

for the financial year ended 31 December 2017

 
                                                                            Own 
                                                                         shares                 Attributable 
                                                    Merger                 held                           to 
                      Share     Share   Retained    relief      Other        in   Translation         equity   Non-controlling 
                    capital   premium   earnings   reserve   reserves     trust       reserve        holders          interest     Total 
                       $000      $000       $000      $000       $000      $000          $000           $000              $000      $000 
                   --------  --------  ---------  --------  ---------  --------  ------------  -------------  ----------------  -------- 
 Balance 
  at 31 
  December 
  2016                  357    28,150     29,919    14,540      9,242   (1,163)       (3,254)         77,791                 -    77,791 
 
 Comprehensive income 
  for the year 
 Profit 
  for 
  period                  -         -      9,901         -          -         -             -          9,901                 -     9,901 
 Other 
  comprehensive 
  income                  -         -          -         -          -         -           166            166                 -       166 
                   --------  --------  ---------  --------  ---------  --------  ------------  -------------  ----------------  -------- 
 Total 
  comprehensive 
  income 
  for 
  the 
  year                    -         -      9,901         -          -         -           166         10,067                 -    10,067 
                   --------  --------  ---------  --------  ---------  --------  ------------  -------------  ----------------  -------- 
 
 Contributions by and distributions 
  to owners 
 Issue 
  of share 
  capital                54    77,057          -     5,101          -         -             -         82,212                 -    82,212 
 Share-based 
  payments                -         -          -         -      1,089         -             -          1,089                 -     1,089 
 Equity-settled 
  deferred 
  consideration           -                    -                1,314                       -          1,314                 -     1,314 
 Change 
  in tax 
  rates                   -         -          -         -    (2,213)         -             -        (2,213)                 -   (2,213) 
 Share 
  option 
  tax 
  credit                  -         -          -         -      5,021         -             -          5,021                 -     5,021 
 Total 
  contributions 
  by and 
  distributions 
  by owners              54    77,057          -     5,101      5,211         -             -         87,423                 -    87,423 
 
 Balance 
  at 31 
  December 
  2017                  411   105,207     39,820    19,641     14,453   (1,163)       (3,088)        175,281                 -   175,281 
                   ========  ========  =========  ========  =========  ========  ============  =============  ================  ======== 
 
 Balance 
  at 31 
  December 
  2015                  353    26,841     22,169    14,540      3,470   (2,136)       (1,675)         63,562                 2    63,564 
 
 Comprehensive income for 
  the year 
 Profit 
  for 
  period                  -         -      7,526         -          -         -             -          7,526                 -     7,526 
 Other 
  comprehensive 
  income                  -         -          -         -          -         -       (1,579)        (1,579)                 -   (1,579) 
                   --------  --------  ---------  --------  ---------  --------  ------------  -------------  ----------------  -------- 
 Total 
  comprehensive 
  income 
  for 
  the 
  year                    -         -      7,526         -          -         -       (1,579)          5,947                 -     5,947 
                   --------  --------  ---------  --------  ---------  --------  ------------  -------------  ----------------  -------- 
 
 Contributions by and distributions 
  to owners 
 Issue 
  of share 
  capital                 4     1,309          -         -          -         -             -          1,313                 -     1,313 
 Share-based 
  payments                -         -          -         -        987         -             -            987                 -       987 
 Reduction 
  of shares 
  held 
  in trust                -         -        222         -          -       973             -          1,195                       1,195 
 Removal 
  of NCI                  -         -          2         -          -         -             -              2               (2)         - 
 Change 
  in tax 
  rates                   -         -          -         -       (11)         -             -           (11)                 -      (11) 
 Share 
  option 
  tax 
  credit                  -         -          -         -      4,796         -             -          4,796                 -     4,796 
 Total 
  contributions 
  by and 
  distributions 
  by owners               4     1,309        224         -      5,772       973             -          8,282               (2)     8,280 
 
 Balance 
  at 31 
  December 
  2016                  357    28,150     29,919    14,540      9,242   (1,163)       (3,254)         77,791                 -    77,791 
                   ========  ========  =========  ========  =========  ========  ============  =============  ================  ======== 
 
 

-S -

For further information, please contact:

 
accesso Technology Group plc                      +44 (0)118 934 7400 
Tom Burnet, Executive Chairman 
 Steve Brown, Chief Executive Officer 
John Alder, Chief Financial Officer 
 
FTI Consulting, LLP                               +44 (0)20 3727 1000 
Matt Dixon, Adam Davidson 
 
Canaccord Genuity Limited 
 Simon Bridges, Martin Davison, Richard Andrews   +44 (0)20 7523 8000 
 
  Numis Securities Limited                          +44 (0)20 7260 1000 
Simon Willis, Mark Lander 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACSJRMATMBTTMPP

(END) Dow Jones Newswires

March 27, 2018 02:01 ET (06:01 GMT)

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