Notes to the consolidated financial statements for the year ended 31 December 2016 (continued)
19 Provisions for liabilities – Group
Onerous Provision £’000
Total
£’000
2,571
At 1 January 2016 Utilised in the year At 31 December 2016
2,571
(1,221)
(1,221)
1,350
1,350
The onerous provision relates to the termination of certain operating leases and will be utilised in 2017. The company had no deferred tax provision at 31 December 2016 (2015: £nil).
20Called up share capital – Group and Company
Allotted and fully paid
2016
2015
Number
£’000
Number
£’000
50,147,152
50,147
50,147,152 (2015: 50,147,152)
50,147,152
50,147
ordinary shares of £1 each (2015: £1 each)
There is a single class of ordinary shares and there are no restrictions on the distribution of dividends and the repayment of capital.
21 Notes to consolidated statement of cash flows
2016
2015
£’000
£’000
Profit / (loss) for the financial year
7,317
(15,711)
Adjustments for: Tax on profit / (loss) Net interest expense
1,637
(3,046)
584
290
Operating profit / (loss)
9,538 1,789
(18,467)
Amortisation of intangible fixed assets Impairment of intangible fixed assets Depreciation of tangible fixed assets
2,521 2,021 3,153
-
1,928
-
Impairment of tangible fixed assets
5,117
386
Loss on disposal of fixed assets
419
Working capital movements: - Decrease/ (increase) in debtors - Increase/ (decrease) in payables Cash from operating operations
2,350
3,841
(3,258) 12,733
949
(446)
Analysis of changes in net cash:
At 1 Jan 2016
Cash flows
At 31 Dec 2016
£’000
£’000
£’000
22,903 22,903 22,903
Cash at bank and in hand Cash and cash equivalents
14,414 14,414 14,414
8,489 8,489 8,489
Total
46
Financials | Whistl Annual Report 2016
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