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Financials
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Whistl Annual Report 2016
19 Provisions for liabilities – Group
Onerous
Total
Provision
£’000
£’000
At 1 January 2016
2,571
2,571
Utilised in the year
(1,221)
(1,221)
At 31 December 2016
1,350
1,350
The onerous provision relates to the termination of certain operating leases and will be utilised in 2017.
The company had no deferred tax provision at 31 December 2016 (2015: £nil).
20Called up share capital – Group and Company
Allotted and fully paid
2016
2015
Number
£’000
Number
£’000
50,147,152 (2015: 50,147,152)
50,147,152
50,147
50,147,152
50,147
ordinary shares of £1 each (2015: £1 each)
There is a single class of ordinary shares and there are no restrictions on the distribution of dividends and the repayment of
capital.
21 Notes to consolidated statement of cash flows
2016
2015
£’000
£’000
Profit / (loss) for the financial year
7,317
(15,711)
Adjustments for:
Tax on profit / (loss)
1,637
(3,046)
Net interest expense
584
290
Operating profit / (loss)
9,538
(18,467)
Amortisation of intangible fixed assets
1,789
2,521
Impairment of intangible fixed assets
-
2,021
Depreciation of tangible fixed assets
1,928
3,153
Impairment of tangible fixed assets
-
5,117
Loss on disposal of fixed assets
386
419
Working capital movements:
- Decrease/ (increase) in debtors
2,350
3,841
- Increase/ (decrease) in payables
(3,258)
949
Cash from operating operations
12,733
(446)
Analysis of changes in net cash:
At 1 Jan 2016
Cash flows At 31 Dec 2016
£’000
£’000
£’000
Cash at bank and in hand
14,414
8,489
22,903
Cash and cash equivalents
14,414
8,489
22,903
Total
14,414
8,489
22,903
Notes to the consolidated financial statements for
the year ended 31 December 2016 (continued)