Preliminary Results -10-
30 Novembre 2011 - 8:01AM
UK Regulatory
9 Deferred tax
Accelerated Retirement
Share-based capital benefit Losses
payments allowances obligations and provisions Total
2011 GBPm GBPm GBPm GBPm GBPm
========================================= =========== =========== ============ =============== =====
Deferred tax assets
At 1 August 2010 2.4 6.6 14.8 2.7 26.5
Effect of reduction in future tax
rate to 25% (0.2) (0.5) (1.0) (0.2) (1.9)
Depreciation in excess of capital
allowances - 0.1 - - 0.1
Actuarial gain on pension scheme
valuations - - (2.6) - (2.6)
Timing differences on exceptional
items - - - (0.6) (0.6)
Special contributions to retirement
benefit schemes - - (2.4) - (2.4)
On curtailment of the Teesside Pension
Scheme deficit - - (0.5) - (0.5)
Recovered from carry back of share-based
payment charges to prior years (1.2) - - - (1.2)
Losses utilised in year (0.3) - - (1.4) (1.7)
Losses carried forward - - - 5.5 5.5
Deferred tax brought forward considered
irrecoverable - (6.2) - (0.7) (6.9)
At 31 July 2011 0.7 - 8.3 5.3 14.3
========================================= =========== =========== ============ =============== =====
Intangible
assets ESOP Total
GBPm GBPm GBPm
========================================= =========== =========== ============ =============== =====
Deferred tax liabilities
At 1 August 2010 (8.2) (0.1) (8.3)
Effect of reduction in future tax rate
to 25% 0.6 - 0.6
Amortisation of intangible assets 1.6 - 1.6
At 31 July 2011 (6.0) (0.1) (6.1)
========================================= =========== =========== ============ =============== =====
Accelerated Retirement
Share-based capital benefit Losses
payments allowances obligations and provisions Total
2010 GBPm GBPm GBPm GBPm GBPm
============================================= =========== =========== ============ =============== ======
Deferred tax assets
At 1 August 2009 3.6 - 16.5 8.7 28.8
Effect of reduction in future tax
rate to 27% (0.3) - (0.6) (0.3) (1.2)
Depreciation in excess of capital
allowances - 6.7 - - 6.7
Actuarial loss on pension scheme
valuations - - 0.2 - 0.2
Timing differences on exceptional
items - - - 0.9 0.9
Special contributions to retirement
benefit schemes - - (2.6) - (2.6)
Share-based payments (0.2) - - - (0.2)
Losses utilised in year - - - (6.4) (6.4)
Losses carried forward - - - 0.3 0.3
Reclassification (0.7) (0.1) 1.3 (0.5) -
At 31 July 2010 2.4 6.6 14.8 2.7 26.5
============================================= =========== =========== ============ =============== ======
Accelerated
Intangible capital Freehold
assets allowances ESOP property Total
GBPm GBPm GBPm GBPm GBPm
============================================= =========== =========== ============ =============== ======
Deferred tax liabilities
At 1 August 2009 (10.5) (1.1) (0.1) (0.6) (12.3)
Effect of reduction in future tax rate
to 27% 0.5 - - - 0.5
Amortisation of intangible assets 1.8 - - - 1.8
Depreciation in excess of capital allowances - 1.1 - - 1.1
Unwind of deferred tax liability - - - 0.6 0.6
At 31 July 2010 (8.2) - (0.1) - (8.3)
============================================= =========== =========== ============ =============== ======
Deferred tax assets have been recognised as the Directors
believe that there will be sufficient future profits within the
relevant subsidiary accounts for the asset to be recovered.
Management estimate that GBP3.9m (2010: GBP7.6m) of the Group's
deferred tax asset and GBP1.6m (2010: GBP2.1m) of the Group's
deferred tax liability will unwind within one year with the
remainder unwinding in more than one year.
Unrecognised deferred tax assets in relation to trading losses
total GBP20.2m (2010: GBP19.4m). In addition there are unrecognised
deferred tax assets in respect of non-trading losses and capital
allowances of GBP27.1m (2010: GBP3.6m). These unrecognised deferred
tax assets have no expiry date.
10 Trade and other receivables
Impairment Impairment
Gross provision Net Gross provision Net
2011 2011 2011 2010 2010 2010
GBPm GBPm GBPm GBPm GBPm GBPm
=============================== ===== ========== ===== ===== ========== =====
Trade receivables 77.6 (10.5) 67.1 74.4 (8.0) 66.4
Unbilled revenue 63.8 (30.0) 33.8 76.2 (26.0) 50.2
Other receivables 10.5 - 10.5 8.5 - 8.5
Prepayments and accrued income 9.4 - 9.4 16.0 - 16.0
=============================== ===== ========== ===== ===== ========== =====
161.3 (40.5) 120.8 175.1 (34.0) 141.1
=============================== ===== ========== ===== ===== ========== =====
Included within gross trade receivables and unbilled revenue is
72.5m AED (GBP12.0m) owed by the Department of Municipal Affairs in
Abu Dhabi. As detailed in note 3, this debt has been discounted to
recognise that the monies are not expected to be received until the
next calendar year. There can be no certainty to this.
11 Trade and other payables - current
2011 2010
GBPm GBPm
====================================== ===== =====
Trade payables 21.9 34.2
Tax and social security payable 13.5 14.8
Finance lease liability - 0.1
Other payables 14.7 8.9
Accruals 44.9 36.6
Deferred income and customer advances 29.6 23.9
====================================== ===== =====
124.6 118.5
====================================== ===== =====
The figure for trade payables as previously reported for 31 July
2010 was GBP47.7m which included GBP13.5m in respect of customer
advances. This has now been reclassified to deferred income to
reflect the more appropriate treatment and for consistency with the
31 July 2011 classification.
12 Borrowings
Grafico Azioni Mouchel (LSE:MCHL)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Mouchel (LSE:MCHL)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Mouchel Group (Borsa di Londra): 0 articoli recenti
Più Mouchel Articoli Notizie