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UTW Utilitywise

1.903
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Utilitywise LSE:UTW London Ordinary Share GB00B6WVD707 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.903 1.806 2.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Utilitywise plc Half Yearly Report -4-

21/04/2015 7:01am

UK Regulatory


Condensed consolidated statement of financial position - Unaudited

 
 
                               31 January   31 January    31 July 
                                  2015         2014         2014 
                                             restated 
                                  GBP          GBP          GBP 
                              -----------  -----------  ----------- 
 Non-current assets 
 Property, plant 
  and equipment                 6,577,151    4,755,316    4,837,532 
 Goodwill                      14,851,149   14,281,743   14,851,149 
 Intangible assets              6,556,389    6,501,600    7,075,202 
 Trade and other 
  receivables                  18,408,579   10,965,406   13,068,221 
 Total non-current 
  assets                       46,393,268   36,504,065   39,832,104 
                              -----------  -----------  ----------- 
 
 Current assets 
 Inventories                       85,323      118,966       97,983 
 Trade and other 
  receivables                  16,699,496   11,703,081   14,717,485 
 Cash and cash equivalents      8,247,395    4,853,908   15,823,137 
 Total current assets          25,032,214   16,675,955   30,638,605 
                              -----------  -----------  ----------- 
 
 
 Total assets                  71,425,482   53,180,020   70,470,709 
                              -----------  -----------  ----------- 
 
 Current liabilities 
 Trade and other 
  payables                     15,169,339   13,625,753   17,564,007 
 Loans and borrowings             199,673            -            - 
 Corporation tax 
  liability                     2,132,344    1,141,298      303,200 
 Current provisions               390,556            -      750,639 
                                           -----------  ----------- 
 Total current liabilities     17,891,912   14,767,051   18,617,846 
                              -----------  -----------  ----------- 
 
 Non-current liabilities 
 Trade and other 
  payables                      5,678,137    3,491,821    7,918,457 
 Loans and other 
  borrowings                    6,399,347    5,000,000    6,000,000 
 Deferred tax liability         1,171,931      599,766    1,132,642 
 Non-current provision            682,874            -      443,256 
 Total non-current 
  liabilities                  13,932,289    9,091,587   15,494,355 
                              -----------  -----------  ----------- 
 
 Total liabilities             31,824,201   23,858,638   34,112,201 
                              -----------  -----------  ----------- 
 Net assets                    39,601,281   29,321,382   36,358,508 
                              -----------  -----------  ----------- 
 
 
 
 Equity attributable 
  to equity holders 
  of the company 
 Called up share 
  capital                     74,734       72,445       74,514 
 Share premium            12,738,290   11,256,678   12,477,889 
 Merger reserve            5,783,427    5,684,693    5,783,427 
 Share option reserve      1,099,809    1,757,626    1,231,434 
 Foreign currency 
  reserve                     82,333            -     (77,308) 
 Retained earnings        19,822,688   10,549,940   16,868,552 
 Total equity             39,601,281   29,321,382   36,358,508 
                         -----------  -----------  ----------- 
 
 

Condensed consolidated statement of changes in equity - Unaudited

 
                                                                Share                    Foreign 
                         Share       Share        Merger        option     Retained      currency 
                         capital     premium      reserve      reserve      earnings      reserve       Total 
                          GBP         GBP           GBP          GBP          GBP          GBP           GBP 
                       ---------  -----------  ------------  ----------  ------------  -----------  ------------ 
 
 
 At 1 August 
  2013                    71,858   10,864,765     5,684,693     228,916     8,460,326            -    25,310,558 
 Profit 
  for the 
  period                       -            -             -           -     9,266,038            -     9,266,038 
 Other comprehensive 
  income                       -            -             -           -             -     (77,308)      (77,308) 
                       ---------  -----------  ------------  ----------  ------------  -----------  ------------ 
 Total comprehensive 
  income                       -            -             -           -     9,266,038     (77,308)     9,188,730 
 
 Dividends 
  paid                         -            -             -           -   (2,158,341)            -   (2,158,341) 
 Share option 
  expense                      -            -             -     737,117             -            -       737,117 
 Deferred 
  tax on 
  share options                -            -             -     617,249             -            -       617,249 
 Equity 
  portion 
  of taxation 
  on share 
  options 
  exercised                    -            -             -           -       948,681            -       948,681 
 Issue of 
  shares                   2,656    1,613,124        98,734           -             -            -     1,714,514 
 Reserve 
  transfer 
  relating 
  to share 
  based payments               -            -             -   (351,848)       351,848            -             - 
                       ---------  -----------  ------------  ----------  ------------  -----------  ------------ 
 
 Equity 
  as at 31 
  July 2014               74,514   12,477,889     5,783,427   1,231,434    16,868,552     (77,308)    36,358,508 
 
 At 1 August 
  2013                    71,858   10,864,765     5,684,693     228,916     8,460,326            -    25,310,558 
 
 Profit 
  for the 
  period                       -            -             -           -     3,393,619            -     3,393,619 
 Other comprehensive           -            -             -           -             -                          - 
  income                                                                                         - 
                       ---------  -----------  ------------  ----------  ------------  -----------  ------------ 
 Total comprehensive 
  income                       -            -             -           -     3,393,619            -     3,393,619 
 
 Dividends 
  paid                         -            -             -           -   (1,304,005)            -   (1,304,005) 
 Share option 
  expense                      -            -             -     411,231             -            -       411,231 
 Deferred 
  tax on 
  share options                -            -             -   1,117,479             -            -     1,117,479 
 Issue of 
  shares                     587      391,913             -           -             -            -       392,500 
 Equity 
  as at 31 
  January 
  2014                    72,445   11,256,678     5,684,693   1,757,626    10,549,940            -    29,321,382 
 
 At 1 August 
  2014                    74,514   12,477,889     5,783,427   1,231,434    16,868,552     (77,308)    36,358,508 
 
 Profit 
  for the 
  period                       -            -             -           -     4,972,943            -     4,972,943 
 Other comprehensive 
  income                       -            -             -           -             -      159,641       159,641 
                       ---------  -----------  ------------  ----------  ------------  -----------  ------------ 
 Total comprehensive 
  income                       -            -             -           -     4,972,943      159,641     5,132,584 
 
 Dividends 
  paid                         -            -             -           -   (2,071,887)            -   (2,071,887) 
 Share option 
  expense                      -            -             -     365,624             -            -       365,624 
 Deferred 
  tax on 
  share options                -            -             -   (444,169)             -            -     (444,169) 
 Issue of 
  shares                     220      260,401             -           -             -            -       260,621 
 Reserve 
  transfer 
  relating 
  to share 
  based payments               -            -             -    (53,080)        53,080            -             - 
 
 Equity 
  as at 31 
  January 
  2015                    74,734   12,738,290     5,783,427   1,099,809    19,822,688       82,333    39,601,281 
 

Condensed consolidated cash flow statement - Unaudited

 
                                   Six months          Six months            Year ended 
                                      ended               ended 
                                   31 January          31 January             31 July 
                                      2015                 2014                 2014 
                                         GBP                  GBP                  GBP 
                              -------------------  ------------------  --------------------- 
 Operating activities 
 Profit before tax                      6,390,261           4,048,049             11,367,963 
 
 Interest paid                            261,397             174,582                476,393 
 Interest received                       (50,709)             (4,453)              (103,697) 
 Depreciation of property, 
  plant and equipment                     380,838             332,558                715,256 
 Share option expense                     365,624             411,231                737,117 
 Grant income                            (18,000)            (18,000)               (36,000) 
 Amortisation of intangible 
  assets                                  540,211             455,841                946,391 
                              -------------------  ------------------ 
                                        7,869,622           5,399,808             14,103,423 
 (Increase)/Decrease 
  in trade and other 
  receivables                         (7,322,369)         (6,844,178)           (11,961,397) 

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