Robinson PLC Half Yearly Report (Replacement) -2-
August 21 2013 - 9:57AM
UK Regulatory
(732) (1,746) (711)
---------------- --------- ---------------
Total liabilities (4,764) (6,441) (5,710)
---------------- --------- ---------------
Net assets 24,081 23,245 22,582
---------------- --------- ---------------
Equity
Share capital 80 80 80
Share premium 526 419 419
Capital redemption reserve 216 216 216
Translation reserve 240 84 296
Revaluation reserve 4,371 4,568 4,580
Retained earnings 18,648 17,878 16,991
---------------- --------- ---------------
Equity attributable to shareholders 24,081 23,245 22,582
---------------- --------- ---------------
Robinson plc
Group Statement of Cash Flows
Six months Six months Year
to 30.06.13 to 30.06.12 to 31.12.12
GBP'000 GBP'000 GBP'000
------------- ------------- -------------
Cash flows from operating activities
Profit for the period 1,899 373 2,095
Adjustments for:
Impairment of investment in associates - 550 -
Depreciation of property, plant and
equipment 476 431 892
Profit on disposal of other plant and
equipment (5) - (148)
Decrease in provisions - - (2)
Other finance income in respect of
pension fund (128) (237) (474)
Finance income 1 4 9
Taxation charged 310 275 723
Non-cash items:
Pension current service cost 128 116 188
Cost of share options 24 30 63
------------- ------------- -------------
Operating cash flows before movements
in working capital 2,705 1,542 3,346
Increase in inventories (350) (211) (229)
(Increase)/Decrease in trade and other
receivables (882) 664 341
(Decrease)/Increase in trade and other
payables (587) 200 417
------------- ------------- -------------
Cash generated by operations 886 2,195 3,875
UK corporation tax paid (367) (291) (643)
Interest paid (2) (5) (11)
------------- ------------- -------------
Net cash generated by operating activities 517 1,899 3,221
------------- ------------- -------------
Cash flows from investing activities
Investment in an associate - (100) -
Acquisition of property, plant and
equipment (565) (505) (902)
Disposal of other plant and equipment 28 - 254
------------- ------------- -------------
Net cash used in investing activities (537) (605) (648)
------------- ------------- -------------
Cash flows from financing activities
Loans paid (307) (167) (335)
Dividends paid (361) (288) (558)
------------- ------------- -------------
Net cash used in financing activities (668) (455) (893)
------------- ------------- -------------
Net (decrease)/increase in cash and
cash equivalents (688) 839 1,680
Cash and cash equivalents at 1 January 1,743 63 63
------------- ------------- -------------
Cash and cash equivalents at end of
period 1,055 902 1,743
------------- ------------- -------------
Cash 1,055 902 1,743
------------- ------------- -------------
Cash and cash equivalents at end of
period 1,055 902 1,743
------------- ------------- -------------
Robinson plc
Notes to the Interim Report
1. Basis of preparation
The interim report for the six month period to 30 June 2013 was
approved by the directors on 21 August 2013. The interim financial
information is not audited.
The interim financial statements have been prepared in
accordance with the recognition and measurement criteria of
International Financial Reporting Standards (IFRSs). These should
be read in conjunction with the Group's annual financial statements
for the year ended 31 December 2012, which have been prepared in
accordance with applicable IFRSs. The information for the year
ended 31 December 2012 does not constitute statutory accounts as
defined in section 434 of the Companies Act 2006. A copy of the
statutory accounts for that year has been delivered to the
Registrar of Companies. The auditors reported on those accounts:
their report was unqualified, did not draw attention to any matters
by way of emphasis and did not contain a statement under sections
498 (2) or (3) respectively of the Companies Act 2006.
2. Taxation
The taxation charge for the six months to 30 June 2013 has been
calculated on the basis of the estimated effective tax rate on
profits before tax for the year to 31 December 2013.
3. Dividends
Six months Six months Year
to 30.06.13 to 30.06.12 to 31.12.12
Ordinary: GBP'000 GBP'000 GBP'000
------------- ------------- -------------
Final 361 288 296
Interim - - 262
------------- ------------- -------------
361 288 558
------------- ------------- -------------
4. Earnings per share
The calculation of basic and diluted earnings per ordinary share
for continuing operations shown on the income statement is based on
the profit after taxation of GBP1,899,000 divided by the weighted
average number of shares in issue, net of treasury shares of
16,193,501: for diluted earnings per share 16,853,501.The
calculation of basic and diluted earnings per ordinary share for
continuing operations excluding exceptional items is based on a
profit of GBP845,000 being the profit after taxation of
GBP1,899,000 less the exceptional item of GBP1,054,000.
5. Going concern
The directors have considered the cash flow forecasts for the
Group and the availability of facilities. As at the date of this
report, the directors have a reasonable expectation that the Group
has adequate resources to continue in business for the foreseeable
future. Thus they continue to adopt the going concern basis of
accounting.
6. Interim report
Copies of the interim report are available from Robinson plc's
registered office: Field House, Wheatbridge, Chesterfield, S40 2AB,
UK or from its website at www.robinsonpackaging.com.
...ends
This information is provided by RNS
The company news service from the London Stock Exchange
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