ONE-OFF ALTERIAN RELATED ACQUISITION
COSTS 28,275 41,130
Alterian related acquisition costs (2,480) -
----------------------------------------------- ------ --------- --------
CASH GENERATED FROM OPERATIONS 25,795 41,130
Income tax paid (8,300) (8,517)
--------- --------
NET CASH FLOWS FROM OPERATING ACTIVITIES 17,495 32,613
CASH FLOWS FROM INVESTING ACTIVITIES
Payments to acquire property, plant &
equipment (5,404) (3,870)
Receipts from sale of property, plant
& equipment 13 88
Payments to acquire subsidiaries (69,747) (1,325)
Net cash acquired with subsidiaries 571 -
Receipts from sale of investment 740 -
Interest received 199 417
--------- --------
NET CASH FLOWS FROM INVESTING ACTIVITIES (73,628) (4,690)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from issue of ordinary share
capital 477 913
New borrowings 22,190 -
Repayment of borrowings (1,934) -
Dividend paid (4,638) (4,328)
Repayment of capital leases (747) (332)
Interest paid (399) (195)
NET CASH FLOWS FROM FINANCING ACTIVITIES 14,949 (3,942)
INCREASE IN CASH AND CASH EQUIVALENTS (41,184) 23,981
========= ========
MOVEMENT IN CASH AND CASH EQUIVALENTS
Cash and cash equivalents at the start
of year 70,408 46,628
Increase in cash and cash equivalents 8 (41,184) 23,981
Effect of exchange rates on cash and
cash equivalents 8 (772) (201)
NET CASH AND CASH EQUIVALENTS AT END
OF YEAR 8 28,452 70,408
========= ========
SDL plc
notes to the financial INFORMATION
1. BASIS OF ACCOUNTING
Basis of preparation
The financial information set out above does not constitute the
Group's statutory financial statements for the years ended 31
December 2012 or 2011. Statutory consolidated financial statements
for the Group for the year ended 31 December 2011, prepared in
accordance with adopted IFRS, have been delivered to the Registrar
of Companies. The auditors have reported on the 2011 accounts;
their report was (i) unqualified, (ii) did not include a reference
to any matters to which the auditors drew attention by way of any
emphasis without qualifying their opinion and (iii) did not contain
a statement under Section 498 (2) or (3) of the Companies Act
2006.
The financial information for the year ended 31 December 2012
has been prepared by the directors based upon the results and
position and position that are reflected in the consolidated
financial statements of the Group.
The consolidated financial statements of SDL plc and its
subsidiaries have been prepared in accordance with International
Financial Reporting Standards as adopted by the EU as relevant to
the financial statements of SDL plc.
Significant accounting policies
The accounting policies adopted in the preparation of the
condensed consolidated financial information are consistent with
those followed in preparation of the Group's annual financial
statements for the year ended 31 December 2011.
In line with UK Corporate Governance Code requirements the
Directors have made enquiries concerning the potential of the
business to continue as a going concern. Enquiries included a
review of performance in 2012, 2013 annual plans, a review of
working capital including the liquidity position and a review of
current indebtedness levels. The Directors confirm that they expect
strong underlying cash generation and therefore they have a
reasonable expectation that the Group has adequate resources to
continue in operational existence for the foreseeable future. Given
this expectation they have continued to adopt the going concern
basis in preparing the financial information.
2. SEGMENT INFORMATION
The Group operates in the Global Information Management
industry. For management purposes the Group is organised into
business units based on their products and services and has four
reportable operating segments as follows:
-- The Language Services segment is the provision of a
translation service to customers' multilingual content in multiple
languages.
-- The Language Technologies segment is the sale of enterprise,
desktop and statistical machine translation technology developed to
help automate and manage multilingual assets together with
associated consultancy and other services.
-- The Content Management Technologies segment is the sale of
content management technologies developed to help automate and
manage content to deliver a consistent, interactive and
personalised customer experience, in multiple languages, across
websites, documentation, multiple media and channels.
-- The Campaign Management, Analytics and Social Intelligence
segment is the sale of campaign management, social media monitoring
and marketing analytics technology together with associated
consultancy and services.
Management monitors the operating results of its business units
separately for the purpose of making decisions about resource
allocation and performance assessment prior to charges for tax,
deferred compensation related to business combinations and
amortisation.
Year ended 31 December 2012
Segment
profit before
taxation
External Total and
Revenue Revenue Depreciation amortisation
GBP'000 GBP'000 GBP'000 GBP'000
Language Services 151,047 151,047 1,076 23,222
Language Technologies 39,151 39,151 1,522 2,483
Content Management Technologies 57,790 57,790 624 10,431
Campaign Management, Analytics
and Social Intelligence 21,335 21,335 831 58
Adjustments and Eliminations* - - - (677)
--------- --------- ------------- ---------------
Total 269,323 269,323 4,053 35,517
--------- --------- -------------
Amortisation 8,120
---------------
Profit before taxation 27,397
===============
*Acquisition related costs
Year ended 31 December 2011
Segment
profit before
taxation
External Total and
Revenue Revenue Depreciation amortisation
GBP'000 GBP'000 GBP'000 GBP'000
Language Services 136,178 136,178 1,152 25,540
Language Technologies 40,096 40,096 1,397 5,246
Content Management Technologies 52,727 52,727 521 8,780
Campaign Management, Analytics
and Social Intelligence - - - -
Adjustments and Eliminations* - - - 98
--------- --------- ------------- ---------------
Total 229,001 229,001 3,070 39,664
--------- --------- -------------
Amortisation 5,903
---------------
Profit before taxation 33,761
===============
* Deferred compensation and contingent consideration relating to
acquisitions
Sdl (LSE:SDL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sdl (LSE:SDL)
Historical Stock Chart
From Jul 2023 to Jul 2024
