KBC Advanced Technologies plc Half Yearly Report -5-

6. Earnings per share

 
                                    6 months       6 months    Year ended 
                                       ended          ended   31 December 
                                30 June 2014   30 June 2013          2013 
                                      GBP000         GBP000        GBP000 
-----------------------------  -------------  -------------  ------------ 
Numerator - earnings 
Earnings for the purpose 
 of basic EPS                          1,760          2,883         5,537 
Effect of dilutive potential               -              -             - 
 ordinary shares 
-----------------------------  -------------  -------------  ------------ 
Earnings for the purpose 
 of diluted EPS                        1,760          2,883         5,537 
-----------------------------  -------------  -------------  ------------ 
Denominator - number of 
 shares 
Weighted average number 
 of ordinary shares used 
 in basic EPS                         61,219         58,382        58,442 
Effect of dilutive potential 
 ordinary shares                       2,412            310         1,532 
-----------------------------  -------------  -------------  ------------ 
Weighted average number 
 of ordinary shares for 
 the purposes of diluted 
 EPS                                  63,631         58,692        59,974 
-----------------------------  -------------  -------------  ------------ 
Basic earnings per share                2.9p           4.9p          9.5p 
Diluted earnings per share              2.8p           4.9p          9.2p 
-----------------------------  -------------  -------------  ------------

7. Adjusted profit before tax

 
                                          6 months  6 months    Year ended 
                                             ended     ended   31 December 
                                           30 June   30 June          2013 
                                              2014      2013        GBP000 
                                            GBP000    GBP000 
----------------------------------------  --------  --------  ------------ 
Operating profit                             3,235     3,184         7,389 
Amortisation of acquisition 
 intangibles                                   752       843         1,424 
Development costs carried 
 forward                                     (728)     (544)       (1,334) 
Amortisation of development 
 costs carried forward                         704       593         1,078 
Exceptional amounts recoverable 
 on contracts provision                          -       136           136 
Arbitration costs payable/(recoverable)          -        46         (521) 
Share-based payments                           300       150           530 
Redundancy and reorganisation 
 costs/(income)                                111        97          (28) 
----------------------------------------  --------  --------  ------------ 
Adjusted operating profit                    4,374     4,505         8,674 
Finance revenue                                 46        58           208 
Finance cost                                 (393)     (293)         (476) 
----------------------------------------  --------  --------  ------------ 
Adjusted profit before tax                   4,027     4,270         8,406 
Tax expense                                (1,277)   (1,714)       (2,876) 
----------------------------------------  --------  --------  ------------ 
Adjusted profit after tax                    2,750     2,556         5,530 
----------------------------------------  --------  --------  ------------

8. Cash and cash equivalents

 
                                 6 months   6 months     Year ended 
                                    ended      ended    31 December 
                                  30 June    30 June           2013 
                                     2014       2013         GBP000 
                                   GBP000     GBP000 
 Cash and cash equivalents 
  per the balance sheet            25,375     12,151         11,960 
 Overdrafts                         (971)      (572)           (29) 
 Revolving credit facility              -    (2,000)        (2,000) 
 Advance contract payments              -    (1,537)              - 
------------------------------  ---------  ---------  ------------- 
 Cash and cash equivalents 
  per the cash flow statement      24,404      8,042          9,931 
------------------------------  ---------  ---------  -------------

This information is provided by RNS

The company news service from the London Stock Exchange

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