Aukett Swanke Group PLC Final Results -4-
January 29 2015 - 2:01AM
UK Regulatory
This acquisition has provided revenue enhancing opportunities in
a wider market place and significantly improved the Group's market
position in London and Moscow, as well as affording access to the
Turkish market. The goodwill acquired on the acquisition represents
the knowledge and experience of the assembled workforce in addition
to expected integration savings and economies of scale. The
goodwill is not considered deductible for income tax purposes.
The below table summarises the consideration paid for Swanke
Hayden Connell Europe Limited, the fair value of assets acquired
and liabilities assumed at the acquisition date.
Consideration at 18 December 2013 GBP'000
------------------------------------------ --------
Cash 209
Equity instruments (19,594,959 ordinary
shares) 1,372
------------------------------------------ --------
Total consideration transferred 1,581
Indemnification asset (110)
Total consideration 1,471
------------------------------------------ --------
Recognised amounts of identifiable
assets acquired and liabilities assumed
Cash and cash equivalents 152
Property, Plant and Equipment 69
Tradename (included in other intangible
assets) 415
Customer relationships (included in
other intangible assets) 249
Order book (included in other intangible
assets) 40
Amounts recoverable on contracts 470
Trade and other receivables 1,863
Deferred tax assets 172
Trade and other payables (2,017)
Provision for liabilities (292)
Contingent liabilities (110)
Deferred tax liabilities (145)
------------------------------------------ --------
Total identifiable net assets 866
------------------------------------------ --------
Goodwill 605
Total 1,471
------------------------------------------ --------
7 Status of final audited results
This announcement of final audited results was approved by the
Board of Directors on 28 January 2015.
The financial information presented in this announcement has
been extracted from the Group's audited statutory accounts for the
year ended 30 September 2014 which will be delivered to the
Registrar of Companies following the Company's Annual General
Meeting.
The auditor's report on these accounts was unqualified, did not
include references to any matters to which the auditors drew
attention by way of emphasis without qualifying their report, and
did not contain a statement under section 498 of the Companies Act
2006.
Statutory accounts for the year ended 30 September 2013 have
been delivered to the registrar of companies and the auditors'
report on these accounts was unqualified, did not include
references to any matters to which the auditors drew attention by
way of emphasis without qualifying their report, and did not
contain a statement under section 498 of the Companies Act
2006.
The financial information presented in this announcement of
final audited results does not constitute the Group's statutory
accounts for the year ended 30 September 2014.
8 Annual General Meeting
The Annual General Meeting of the Company will be held at
10:00am on Thursday 26 March 2015 at 25 Christopher Street, London,
EC2A 2BS.
9 Annual report and accounts
Copies of the 2014 audited accounts will be available today on
the Company's website (www.aukettswanke.com) for the purposes of
AIM rule 26 and will be posted to shareholders in due course.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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