중간 결과
웨스트민스터 그룹 PLC
('웨스트민스터', '그룹' 또는 '회사')
31년 2023월 XNUMX일까지 XNUMX개월 동안의 중간 결과
웨스트민스터 그룹 PLC (AIM: WSG)는 매니지드 서비스 및 기술 기반 보안 솔루션 분야의 선두 공급업체로, announces its unaudited interim results for the six months ended 31 December 2023 (the 'Period') ("H2 2023").
하이라이트:
· Ratification process underway re 5 airports project in Democratic Republic of Congo (DRC).
· Progress made with other managed services opportunities.
· 전 세계 33개국에 제품과 서비스를 제공했습니다.
· Guarding business expanded.
· Group revenues of £2.9m (H1 2023: £3.5m; H2 2022: £5.6m).
· Gross margin at 57% (H1 2023: 64%; H2 2022: 56%).
· Administrative expenses (continuing) are down to £1.7m (H1 2023: £2.5m; H2 2022: £2.7m).
· Continuing business EBITDA profit of £44k (H1 2023: Loss £117k; H2 2022: Profit £340k).
· Continuing business Operating Loss £79k (H1 2023: Loss £293k; H2 2022: Profit £222k).
· Loss per share (with exceptional loss, and discontinued ops, included) of 0.58p (H1 2023: Loss 0.09p; H2 2022: Profit 0.23p).
결과와 현재 거래에 대해 Westminster Group의 CEO인 Peter Fowler는 다음과 같이 말했습니다.
"We continue to battle against probably one of the worst world economic and political backgrounds in recent times. I am pleased to report therefore that, despite the global uncertainty and economic challenges, our underlying business continues perform largely to expectations although revenues fell in this six-month period to £2.9m largely due to the economic climate delaying some capital-intensive orders. However, due to a cost cutting programme and careful resource management we have delivered a near break-even result for ongoing operations with an EBITDA profit of £44k.
"Our business development activities made significant progress in the period which, whilst not benefitting the period in question, will have a material impact in the current year. A key development being progress on the long-awaited ratification process, currently being completed, being the final part of the formal procurement procedure for the 10+ year contract signed in June 2021 for security services to 5 airports in the Democratic Republic of the Congo ('DRC'), Central Africa.
"We started 2024 with an order book of £1.1m and recurring revenues of £3.7m which provide a healthy start for the year. With DRC expected to come on stream and other potential projects in the pipeline we believe the months and year ahead will be transformative for the Group."
웨스트민스터 그룹 PLC | Walbrook PR을 통한 미디어 문의 |
Rt. 혼. 토니 볼드리 경 - 회장 | |
피터 파울러 - 최고 경영자 | |
Mark Hughes - 최고 재무 책임자 | |
| |
Strand Hanson Limited(재무 및 지명 고문) | |
제임스 해리스 | + 020 7409 3494 |
리치 발머 리처드 존슨
제우스 캐피털 리미티드(Broker) 루이자 와델 사이먼 존슨 |
+ 020 3829 5000 |
| |
Walbrook(투자 관계) | |
톰 쿠퍼 | + 020 7933 8780 |
폴 반 | |
닉 로마 |
배송 시 요청 사항:
Westminster Group plc는 50개 이상의 국가에서 에이전트와 사무실로 구성된 광범위한 국제 네트워크를 통해 전 세계적으로 운영되는 전문 보안 및 서비스 그룹입니다.
Westminster의 주요 활동은 광범위한 감시, 감지(발열 감지 포함), 추적 및 차단 기술과 관리 및 관리와 같은 장기 관리 서비스 제공을 포함하는 고급 기술 보안 솔루션의 설계, 공급 및 지속적인 지원입니다. 인력, 컨설팅 및 교육 서비스 제공과 함께 공항, 항구 및 기타 시설에서 완벽한 보안 서비스 및 솔루션 실행. 고객 기반의 대부분은 가치 기준으로 정부 및 정부 기관, 비정부 기구(NGO) 및 우량 기업으로 구성됩니다.
Westminster Group Foundation은 그룹의 사회적 책임 활동의 일부입니다. www.wg-foundation.org
재단의 목표는 지역 파트너 및 기타 기존 자선 단체와 협력하여 특히 개발 도상국의 빈곤 구제와 교육 및 의료 발전을 위한 상품 또는 서비스를 제공함으로써 그룹이 운영하는 지역 사회를 지원하는 것입니다.
웨스트민스터 그룹 재단(Westminster Group Foundation)은 자선 법인 CIO로 자선 위원회 번호 1158653으로 등록되어 있습니다.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR") WHICH IS PART OF UK LAW BY VIRTUE OF THE 유럽 연합 (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN
Chief Executive O?cer's Review
살펴보기
We continue to battle against probably one of the worst world economic and political backgrounds in recent times. I am pleased to report therefore that, despite the global uncertainty and economic challenges, our underlying business continues perform largely to expectations although revenues were down. However, due to a cost cutting programme and careful resource management we have delivered a near break-even result for ongoing operations.
Traditionally our business is weighted towards the second half of the calendar year as we complete and deliver projects secured during the earlier part of the year. H2 2023 was an anomaly in this respect largely due to delayed orders for some of our larger technology projects because of the global economic situation and not helped by a delayed stage payment of $847k from the European Investment Bank for a large airport project in Southeast Africa, now received, which meant that project could not be completed in 2023 as planned.
In December we settled our dispute with Scanport, Ghana regarding the discontinued port project receiving $500k USD in settlement. Whilst the figure is less than the carrying figure of £1.1m in our accounts, we considered the terms of the settlement to be favourable and timely given the expected development of the Group's managed services business in early 2024 as mentioned below.
Consequently in H2 2023 we achieved revenues of £2.9m (H1 2023 £3.5m; H2 2022: £5.6m). Gross Margins at 57% were in line with expectations (H1 2023: 64% H2 2022: 56%) leading to a near break-even result for ongoing operations with an EBITDA profit of £44k (H1 2023: Loss £117k; H2 2022: Profit £340k) and Loss £79k (H1 2023: Loss £293k; H2 2022: Profit £222k).
Our aviation security business continues to perform ahead of budget. Our West African airport operation and collaboration with Summa is working well and have been a positive development. During the period we continued to provide post pandemic aviation security (AVSEC) training to staff at a major UK airport and have secured contracts for AVSEC training in other airports around the world, expanding our network of potential managed services opportunities for the future. Our $1.7 million project to upgrade security at two airports in Southeast Africa, funded by the European Investment Bank (EIB), was delayed due to an administrative issue between the EIB and the country concerned. This meant progress on the project had to be halted whilst the payment issue was resolved and so was not completed in 2023 as planned. I am pleased to report the $847k payment has now been received and the project is back underway and will be completed in 2024.
I am pleased to report we have made significant strides forward with several of the large-scale, long-term managed services airports and ports opportunities, each of which would, when secured, provide multi-million-pound step changes in annual revenues. Foremost amongst these is our project in the Democratic Republic of the Congo (DRC) for which I am delighted to announce that the long-awaited ratification process is currently being completed, being the final part of the formal procurement procedure for the now 10+ year contract signed in June 2021 for security services to 5 airports in the Democratic Republic of the Congo ('DRC'), Central Africa. Arrangements are now being made for a senior Westminster team to travel to the DRC with a UK Government Trade delegation in April to hopefully finalise matters and to prepare for commencement of the project. We expect to make a further announcement after that visit.
DRC will be a key addition to our international aviation security services, and we believe the country has exciting growth potential. With a surface area equivalent to that of Western Europe it is, by area, the largest country in sub-Saharan Africa, the second largest in all of Africa, and the 11th-largest in the world. It is also the most-populous Francophone country in the world. Air travel is therefore an important and a necessary requirement within this vast country. The country is extremely rich in natural resources and has the potential for sizeable economic growth. I look forward to Westminster having a long-term presence in the country and in playing our part in the successful growth and security of the country's numerous airports.
In our 2022 Annual Report published in June 2023 we stated we could potentially secure one or maybe two new large-scale manage services contracts in 2023. The outcome and timing of these complex projects are never certain, particularly in a challenging world environment, however, whilst we did not manage to finalise contracts in 2023, we have made important progress and from current activity and discussions underway we do expect secure these and potentially other such contracts in 2024.
Our guarding business continues to perform well. The H2 2023 revenues are an increase over the first half of the year and new contracts have been secured. We are continuing to develop a strategy which sees both the quantity and quality of our guarding clients improving.
Our focus has been and will continue to be on expanding our international operations, predominantly in emerging markets, as we believe that is where we will see significant growth opportunities, particularly with our managed services opportunities. However, the ongoing global economic situation of the past year has created some challenges, not just with increasing costs but significantly with some economies suffering substantial currency devaluation, in turn, leading to currency restrictions and in some places civil unrest. This has understandably led to some order delays, particularly with larger capital-intensive projects. Not-with-standing these challenges in H2 2023, we delivered products and services to 33 countries around the world and we fully expect some if not all of the delayed orders to eventually be secured.
In addition to building our international operations and to provide some resilience against world events, we have been undertaking a strategy of developing a significant UK presence with an enviable blue-chip client base, such as the Palace or Westminster, Scottish Parliament, Tower of London, UK Border Force, UK Prisons, to name but a few, which provide resilient recurring revenue streams. We have previously reported on the opportunities for our business that we anticipate could arise from the long-expected Martyn's Law legislation and we were pleased to see that included in the Kings Speech on 7 November 2023 and expect it to become law this year. We have already assisted a number of key-customers and landmark buildings to become compliant ahead of the legislation and we are active in developing further opportunities and to be recognised as a leading provider of solutions under the legislation.
재정상의
Revenues were at £2.9 million (H1 2023: £3.5 million; H2 2022: £5.6 million) for the first half year. This decrease is represented primarily by the end of the Ghana port operation and lower Technology sales due to economic uncertainty in the world. H2 2022 benefited from a large solutions sale.
The Group generated a continuing gross profit of £1.6 million (H1 2023: £2.2 million; H2 2022: £2.9 million) which equates to a gross margin of 57% (H1 2023: 64%; H2 2022 56%). The increase in high margin services sales in H1 2023 changed the margin mix which reverted to a more normal mix in H2 2023.
Cost cutting and careful control over expenses reduced continuing administration from £2.7 million in H2 2022 and £2.5 million in H1 2023 to £1.7 million in H2 2023.
The continuing operating loss was £0.1 million (H1 2023: loss of £0.3 million; H2 2022: profit of £0.2 million). The reduction in the administration expenses was not enough to fully counter the drop in sales and change in the margin mix.
The RiverFort EPSA has been previously described in the 2020, 2021 and 2022 accounts. In 2020 the Company received a £1.5m mezzanine loan under the RiverFort EPSA. At the same time under the EPSA the Company issued 14m shares and booked a sundry debt of £1.75m. The loan was to be repaid and the sundry debt settled by selling down the shares. The mezzanine loan was fully repaid in December 2020. As at the 31 December 2023 there remained 4,300,696 Westminster shares, held to the Company's order equally by RiverFort & YAII, the proceeds of which, when sold, will be for the benefit of Westminster. If those shares had been sold at 31 December 2023, due to the low share price at that time, the Company would have received proceeds of £68,811.14 but would have incurred a book loss of £1.05m. Whilst the Company can choose to enact the sale of these shares at any time, it has not done so and there is no reason nor pressure to do so until the Company's share price has reached a target price of 26p. The Company believes that with imminent and expected new long-term contracts to be gained over the next 24 months the target price or higher can be achieved in due course at which time the shares can be sold for the benefit of the Company. In the meantime, for the sake of good governance it has been decided to mark to market the underlying shares as at 31 December 2023 and make a provision of £1.05m in Sundry Gains and Losses. This accounting treatment reflects the current fair value of the underlying shares. This provision will be assessed at each accounting reporting date against the market share price until such time as the shares are sold, should, as the board anticipates, the price be higher than the current market price with any profit from the reduction of the provision being recognised in future Profit & Loss statements.
Cash balance as at 31 December 2023 was: £0.2 million overdraft (30 June 2023: £0.1 million, 31 December 2022: £0.3 million). The Group also has overdraft facilities of £0.385 million which were partially unutilised at 31 December 2023. However, by 31 January 2024, the group had £0.85m in the bank. Working capital remains strong with receivables at £3.0m (H1 2023: £4.8m H2 2022: £4.8m) vs creditors of £1.8m (H1 2023: £1.9m H2 2022: £2.3m).
Earnings per share was a loss of 0.58 pence (H1 2023: 0.09p loss; H2 2022 0.23p profit).
Outlook
We started 2024 with and order book of £1.1m and recurring revenues of £3.7m which provide a healthy start for the year. With DRC expected to come on stream and other potential projects in the pipeline we believe the months and year ahead will be transformative for the Group.
Peter Fowler,
그룹 최고 경영자
월 27 2024
요약연결포괄손익계산서(미감사)
31년 2023월 XNUMX일로 종료되는 XNUMX개월 동안
주의 사항 | 31년 2023월 XNUMX일 종료된 XNUMX개월 | 30개월 종료 2023년 XNUMX월 XNUMX일 | 31년 2022월 XNUMX일 종료된 XNUMX개월 | |||||||
|
| 계속 | 단종 | 금액 | 계속 | 단종 | 금액 | 계속 | 단종 | 금액 |
|
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 |
|
|
|
|
| ||||||
수익 | 5 | 2,904 | - | 2,904 | 3,393 | 89 | 3,482 | 5,225 | 387 | 5,612 |
매출원가 | (1,257) | - | (1,257) | (1,183) | (58) | (1,241) | (2,319) | (140) | (2,459) | |
매출 총 이익 |
| 1,647 | - | 1,647 | 2,210 | 31 | 2,241 | 2,906 | 247 | 3,153 |
관리비 | (1,726) | (770) | (2,496) | (2,503) | (12) | (2,515) | (2,684) | (12) | (2,696) | |
영업이익 / (손실) | 6 | (79) | (770) | (849) | (293) | 19 | (274) | 222 | 235 | 457 |
기타 손익 | 7 | (1,045) | - | (1,045) | - | - | - | - | - | - |
|
| (1,124) | (770) | (1,894) | (293) | 19 | (274) | 222 | 235 | 457 |
| ||||||||||
영업 손실 분석 | (79) | (770) | (849) | (293) | 19 | (274) | 222 | 235 | 457 | |
감가상각비와 상각비를 다시 추가하세요. | 126 | - | 126 | 104 | - | 104 | 118 | - | 118 | |
공유 기준 비용 다시 추가 | (3) | - | (3) | 72 | - | 72 | - | - | - | |
EBITDA profit / loss from underlying operations | 44 | (770) | (726) | (117) | 19 | (98) | 340 | 235 | 575 | |
|
| |||||||||
금융 비용 | (16) | - | (16) | (13) | - | (13) | (35) | - | (35) | |
과세전 이익 / (손실) |
| (1,140) | (770) | (1,910) | (306) | 19 | (287) | 187 | 235 | 422 |
과세 | - | - | - | - | - | - | 354 | - | 354 | |
해당 기간의 총포괄손익/(손실) | (1,140) | (770) | (1,910) | (306) | 19 | (287) | 541 | 235 | 776 | |
|
|
|
|
| ||||||
Profit / (loss) and total comprehensive profit / (loss) attributable to: |
|
|
| |||||||
부모의 소유자 | (1,268) | (770) | (2,038) | (300) | 19 | (281) | 674 | 235 | 909 | |
비 지배 지분 | 128 | - | 128 | (6) | - | (6) | (133) | - | (133) | |
Profit / (loss) and total comprehensive profit / (loss) | (1,140) | (770) | (1,910) | (306) | 19 | (287) | 541 | 235 | 776 | |
주당 이익 / (손실) (펜스) | 8 | (0.58) |
| (0.09) | 0.23 |
요약 연결 대차대조표(미감사)
31년 2023월 XNUMX일 현재
31 년 2023 월 XNUMX 일 기준 | 30 년 2023 월 XNUMX 일 기준 | 31 년 2022 월 XNUMX 일 기준 | ||
주의 사항 | £'000 | £'000 | £'000 | |
친선 | 617 | 614 | 615 | |
기타 무형 자산 | 47 | 80 | 106 | |
재산, 식물 및 장비 | 1,775 | 1,817 | 1,825 | |
이연 세금 | 1,308 | 1,309 | 1,308 | |
총 비유동 자산 |
| 3,747 | 3,820 | 3,854 |
재고 | 374 | 459 | 485 | |
매출 채권 및 기타 채권 | 3, 149 | 4,818 | 4,808 | |
현금 및 현금성 자산 | (191) | 54 | 289 | |
총 유동 자산 |
| 3, 332 | 5,331 | 5,582 |
비유동 채권 | 10 | 363 | 369 | 593 |
총 자산 |
| 7, 442 | 9,520 | 10,029 |
소집된 자본금 | 11 | 331 | 331 | 331 |
공유 기반 지불 준비금 | 427 | 433 | 964 | |
재평가 적립금 | 139 | 139 | 139 | |
이익 잉여금 | 4, 599 | 6,899 | 6,503 | |
귀속자본 |
| |||
부모의 소유자 | 5, 496 | 7,802 | 7,937 | |
비 지배 지분 | (400) | (528) | (522) | |
Total Shareholders' |
| 5,096 | 7,274 | 7,415 |
비유동차입금 | 12 | 137 | 49 | 27 |
총 비유동 부채 |
| 137 | 49 | 27 |
현재 대출 | 12 | 316 | 182 | 194 |
계약상 부채 | 85 | 69 | 80 | |
매입 채무 및 기타 채무 | 1,808 | 1,946 | 2,313 | |
총 유동 부채 |
| 2,209 | 2,197 | 2,587 |
부채 |
| 2,346 | 2,246 | 2,614 |
총 부채 및 자본 |
| 7,442 | 9,520 | 10,029 |
연결자본변동표(미감사)
31년 2023월 XNUMX일로 종료되는 XNUMX개월 동안
소집된 자본금 | 프리미엄 계정 공유 | 합병 구제준비금 | 공유 기반 지불 준비금 | 재평가 적립금 | 이익 잉여금 | 금액 | 비 지배 지분 | 총 주주 자본 | |
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 |
| |||||||||
1시에st 2023년 XNUMX월 | 331 | - | - | 433 | 139 | 6,899 | 7,802 | (528) | 7,274 |
기간 동안의 손실 | - | - | - | - | - | (2,038) | (2,038) | 128 | (1,910) |
| |||||||||
해당 기간의 총포괄비용 | - | - | - | - | - | (2,038) | (2,038) | 128 | (1,910) |
| |||||||||
소유자 자격으로 소유자와의 거래: |
| ||||||||
공유옵션의 소멸/포기 | - | - | - | (6) | - | 5 | (1) | - | (1) |
자본의 환율 변동 | - | - | - | - | - | (267) | (267) | - | (267) |
소유자와의 거래 | - | - | - | (6) | - | (262) | (268) | - | (268) |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
30 년 2023 월 XNUMX 일 기준 | 331 | - | - | 427 | 139 | 4,599 | 5,496 | (400) | 5,096 |
30년 2023월 XNUMX일 종료된 XNUMX개월 동안
소집된 자본금 | 프리미엄 계정 공유 | 합병 구제준비금 | 공유 기반 지불 준비금 | 재평가 적립금 | 이익 잉여금 | 금액 | 비 지배 지분 | 총 주주 자본 | |
£'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |
1시에st 2023년 XNUMX월 | 331 | - | - | 964 | 139 | 6,503 | 7,937 | (522) | 7,415 |
기간 동안의 손실 | - | - | - | - | - | (281) | (281) | (6) | (287) |
해당 기간의 총포괄비용 | - | - | - | - | - | (281) | (281) | (6) | (287) |
소유자 자격으로 소유자와의 거래: | |||||||||
공유옵션의 소멸/포기 | - | - | - | (603) | - | 603 | - | - | - |
신규 신주인수권 발행 및 주식옵션 | - | - | - | 72 | - | - | 72 | - | 72 |
자본의 환율 변동 | - | - | - | - | - | 74 | 74 | 74 | |
소유자와의 거래 | - | - | - | (531) | - | 677 | 146 | - | 146 |
30년 2023월 XNUMX일 현재 | 331 | - | - | 433 | 139 | 6,899 | 7,802 | (528) | 7,274
|
31년 2022월 XNUMX일로 종료되는 XNUMX개월 동안
소집된 자본금 | 프리미엄 계정 공유 | 합병 구제준비금 | 공유 기반 지불 준비금 | 재평가 적립금 | 이익 잉여금 | 금액 | 비 지배 지분 | 금액 |
| ||||||||
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 |
| |||||||
|
| ||||||||||||||||
1년 2022월 XNUMX일 현재 | 331 | - | - | 1,007 | 139 | 5,589 | 7,066 | (390) | 6,676 |
| |||||||
| |||||||||||||||||
해당 기간 동안의 이익 | - | - | - | - | - | 909 | 909 | (133) | 776 |
| |||||||
| |||||||||||||||||
해당 기간 총 포괄 손익 | - | - | - | - | - | 909 | 909 | (133) | 776 |
| |||||||
소유자 자격으로 소유자와의 거래: | |||||||||||||||||
주식선택권의 소멸 | - | - | - | (43) | - | 43 | - | - | - |
| |||||||
기타 자본 움직임 | - | - | - | - | - | (38) | (38) | 1 | (37) |
| |||||||
소유자와의 거래 | - | - | - | (43) | - | 5 | (38) | 1 | (37) |
| |||||||
| |||||||||||||||||
31 년 2022 월 XNUMX 일 기준 | 331 | - | - | 964 | 139 | 6,503 | 7,937 | (522) | 7,415 |
| |||||||
연결현금흐름표(미감사)
31년 2023월 XNUMX일로 종료되는 XNUMX개월 동안
31년 2023월 XNUMX일 종료된 XNUMX개월 | 30개월 종료 2023년 XNUMX월 XNUMX일 | 31년 2022월 XNUMX일 종료된 XNUMX개월 | |||
금액 | 금액 | 금액 | |||
주의 사항 | £'000 | £'000 | £'000 | ||
과세 후 손실 |
| (1,910) | (287) | 776 | |
부가세 | - | - | (354) | ||
과세 전 손실 |
| (1,910) | (287) | 422 | |
비 현금 조정 | 9 | (118) | 230 | 116 | |
운전자본의 순변동 | 9 | 1,638 | (135) | (744) | |
영업활동으로 인한 현금유출 |
| (390) | (192) | (682) | |
투자 활동 |
| ||||
부동산, 플랜트 및 장비 구매 |
| (77) | (66) | 21 | |
무형 자산 매입 |
|
| - | (12) | |
투자활동으로 인한 현금유출 |
| (77) | (66) | 9 | |
| |||||
금융 활동 |
| ||||
부채 증가 | 168 | 36 | (50) | ||
금융 비용 |
| 54 | (4) | (37) | |
대출 축소 |
| - | (9) | 185 | |
이자 등 기타 대출금 상환 |
| - | - | (10) | |
재무활동으로 인한 현금유입 |
| 222 | 23 | 88 | |
해당 기간의 현금및현금성자산의 감소 |
| (245) | (235) | (109) | |
기초의 현금및현금성자산 |
| 54 | 289 | 398 | |
기말의 현금 및 현금등가물 |
| (191) | 54 | 289 | |
미감사재무제표에 대한 주석
31년 2023월 XNUMX일로 종료되는 XNUMX개월 동안
1. 일반 정보 및 운영 성격
This condensed consolidated interim financial report for the half-year reporting period ended 31 December 2023 has been prepared in accordance with Accounting Standard IAS 34 Interim Financial Reporting. These unaudited interim financial statements were approved by the board on 27 March 2024. The 31 December 2022 numbers are extracted from the Group's audited accounts.
중간 보고서에는 일반적으로 연간 재무 보고서에 포함되는 유형의 모든 메모가 포함되지 않습니다. 따라서 이 보고서는 31년 2022월 XNUMX일에 종료된 연도의 연례 보고서 및 중간 보고 기간 동안 Westminster Group Plc가 발표한 모든 공개 발표와 함께 읽어야 합니다.
Westminster Group Plc (the "Company") was incorporated on 7 April 2000 and is domiciled and incorporated in the United Kingdom and quoted on AIM. The Group's financial statements for the six-month period ended 31 December 2023 consolidate the individual financial information of the Company and its subsidiaries. The Group designs, supplies and provides advanced technology security solutions and services to governmental and non-governmental organisations on a global basis.
The Group does not show any distinct seasonality although traditionally the second half of the year is stronger than the first.
2. 현재 보고 기간의 중요한 변화
There were no major changes, however the Ghana contract has now been settled as explained in the Chief Executive Officers review.
3. 준비의 기초
This condensed consolidated interim financial report for the half-year reporting period ended 31 December 2023 has been prepared in accordance with Accounting Standard IAS 34 Interim Financial Reporting.
중간 보고서에는 일반적으로 연간 재무 보고서에 포함되는 유형의 모든 메모가 포함되지 않습니다. 따라서 이 보고서는 31년 2022월 XNUMX일에 종료된 연도의 연례 보고서 및 중간 보고 기간 동안 Westminster Group Plc가 발표한 모든 공개 발표와 함께 읽어야 합니다.
채택된 회계정책은 전년도 및 해당 중간보고기간의 회계정책과 일치하며 아래에 명시된 신규 및 개정 기준을 채택했습니다.
These consolidated interim financial statements for the six months ended 31 December 2023 have neither been audited nor formally reviewed by the Group's auditors. The financial information for the six months ended 31 December 2022 set out in this interim report does not constitute statutory accounts as defined in section 435 of the Companies Act 2006 but is derived from those accounts.
The statutory financial statements for the year ended 31 December 2022 have been reported on by the Company's auditors and delivered to the Registrar of Companies. A copy is available at https://www.wsg-corporate.com/investor-relations/publications/.
3(a) New and amended standards adopted by the Group
당기 보고기간 동안 그룹과 관련된 다음의 신규 또는 개정 기준이 적용되었습니다.
· IAS 1 - 재무제표 표시
· IAS 8 - 회계정책, 회계추정의 변경 및 오류
· 단일 거래에서 발생하는 자산 및 부채와 관련된 이연세 - IAS 12 개정
· IAS 16 - 유형자산
· IAS 37 - 충당부채, 우발부채 및 우발자산
· 소득세(IAS 12 개정)
그룹은 이러한 기준을 채택한 결과 회계정책을 변경하거나 소급하여 조정할 필요가 없었습니다.
3 (b) 발행되었지만 아직 기업이 적용하지 않은 표준의 영향
그룹은 이번 채택으로 인해 큰 영향을 받을 것으로 예상하지 않습니다. 표준이 발행되었지만 아직 적용되지 않았습니다.
4. 관심가는
The directors have considered the way the Group has continued to trade. Projections have demonstrated that the group has sufficient funds to perform its obligations. At the time of approving this interim report, and in view of the foregoing, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.
5. 세그먼트보고
영업 부문
이사회는 사업 단위별로 그룹을 고려합니다. 사업부별 보고서는 그룹 내 최고 의사결정자가 사용합니다. 해당 기간 동안 운영되는 사업 단위는 주요 운영 작업 흐름, 서비스 및 기술(제품 및 솔루션)입니다.
6년 31월 2023일까지 XNUMX개월 | 관리 서비스 | Technology | 단종 | 그룹 및 중앙 | 그룹 합계 | |
£'000 | £'000 | £'000 | £'000 | £'000 | ||
제품 공급 | - | 332 | - | - | 332 | |
공급 및 설치 계약 | - | - | - | - | - | |
유지보수 및 서비스 | 2,080 | 256 | - | - | 2,336 | |
교육 과정 | 189 | 47 | - | - | 236 | |
수익 |
| 2,269 | 635 | - | - | 2,904 |
| ||||||
세그먼트 기반 EBITDA | 149 | (86) | (770) | (19) | (726) | |
주식 기반 비용 | - | - | - | 3 | 3 | |
감가상각 및 상각 | (32) | (21) | - | (73) | (126) | |
부문별 운영결과 |
| 117 | (107) | (770) | (89) | (849) |
기타 손익 | - | - | - | (1,045) | (1,045) | |
금융 비용 | - | - | - | (16) | (16) | |
세전 이익/(손실) | 117 | (107) | (770) | (1,150) | (1,910) | |
소득세 부과금 | - | - | - | - | ||
해당 회계연도의 이익/(손실) |
| 117 | (107) | (770) | (1,150) | (1,910) |
|
| |||||
세그먼트 자산 | 4,001 | 1,306 | - | 2,135 | 7,442 | |
부문 부채 | 1,022 | 1,329 | - | (5) | 2,346 | |
자본 지출 | 128 | - | - | 15 | 143 |
6년 30월 2023일까지 XNUMX개월 | 관리 서비스 | Technology | 단종 | 그룹 및 중앙 | 그룹 합계 |
£'000 | £'000 | £'000 | £'000 | £'000 | |
제품 공급 | - | 379 | - | - | 379 |
공급 및 설치 계약 | - | 13 | - | - | 13 |
유지보수 및 서비스 | 2,673 | 147 | 89 | - | 2,820 |
교육 과정 | 263 | 6 | - | - | 269 |
수익 | 2,936 | 456 | 89 | - | 3,482 |
|
| ||||
세그먼트 기반 EBITDA | 1,705 | (128) | 19 | (1,694) | (98) |
주식 기반 비용 | - | - | - | (72) | (72) |
감가상각 및 상각 | (72) | (2) | - | (30) | (104) |
부문별 운영결과 | 1,633 | (130) | 19 | (1,796) | (274) |
금융 비용 | - | (1) | - | (12) | (13) |
세전 이익/(손실) | 1,633 | (131) | 19 | (1,808) | (287) |
소득세 부과금 | - | - | - | - | - |
해당 회계연도의 이익/(손실) | 1,633 | (131) | 19 | (1,808) | (287) |
세그먼트 자산 | 5,740 | 1,217 | 1,090 | 2,563 | 9,520 |
부문 부채 | 1,155 | 550 | - | 541 | 2,246 |
자본 지출 | 51 | - | - | 15 | 66 |
6년 31월 2022일까지 XNUMX개월 | 관리 서비스 | Technology | 단종 | 그룹 및 중앙 | 그룹 합계 |
£'000 | £'000 | £'000 | £'000 | £'000 | |
6년 2023월까지 XNUMX개월 |
| ||||
제품 공급 | - | 1,194 | - | - | 1,194 |
공급 및 설치 계약 | - | 1,080 | - | - | 1,080 |
유지보수 및 서비스 | 2,453 | 183 | 387 | - | 3,023 |
교육 과정 | 293 | 22 | - | - | 315 |
수익 | 2,746 | 2,479 | 387 | - | 5,612 |
|
| ||||
세그먼트 기반 EBITDA | 693 | 31 | 235 | (384) | 575 |
주식 기반 비용 | - | - | - | - | - |
감가상각 및 상각 | (36) | (20) | - | (62) | (118) |
부문별 운영결과 | 657 | 11 | 235 | (446) | 457 |
기타 손익 | - | - | - | - | - |
금융 비용 | - | - | - | (35) | (35) |
세전 이익/(손실) | 657 | 11 | 235 | (481) | 422 |
소득세 부과금 | 40 | - | - | 314 | 354 |
해당 회계연도의 이익/(손실) | 697 | 11 | 235 | (167) | 776 |
| |||||
세그먼트 자산 | 4,886 | 1,453 | 1,090 | 2,600 | 10,029 |
부문 부채 | 878 | 1,387 | 1 | 348 | 2,614 |
자본 지출 | 113 | 1 | - | 39 | 153 |
The Discontinued segment follows the closure of our Ghana port operation.
지리적 영역
그룹의 국제 사업은 모든 주요 대륙에 대리점이 있는 글로벌 규모로 수행됩니다. 다음 표는 상품/서비스의 원산지와 상관없이 지역 시장별 그룹 매출 분석을 제공합니다.
31년 2023월 XNUMX일 종료된 XNUMX개월 | 30개월 종료 2023년 XNUMX월 XNUMX일 | 31년 2022월 XNUMX일 종료된 XNUMX개월 | |
£'000 | £'000 | £'000 | |
영국과 유럽 | 1,430 | 1,164 | 1,515 |
아프리카 | 1,474 | 2,203 | 3,994 |
중동 | - | 92 | 10 |
세계의 나머지 | - | 23 | 93 |
총 수익 | 2,904 | 3,482 | 5,612 |
6. Reconciliation of adjusted EBITDA
조정 EBITDA와 소득세 전 영업 이익의 조정은 다음과 같습니다.
|
| 31년 2023월 XNUMX일 종료된 XNUMX개월 | 30개월 종료 2023년 XNUMX월 XNUMX일
| Six month ended 31 December 2022 |
£'000 | £'000 | £'000 | ||
(Loss) from Operations | (849) | (274) | 457 | |
감가 상각, 상각 및 손상 비용 | 126 | 104 | 118 | |
보고된 EBITDA | (723) | (170) | 575 | |
주식 기반 비용 | (3) | 72 | - | |
조정된 EBTIDA(손실) | (726) | (98) | 575 |
Adjusted EBITDA is an alternative performance measure. For further details refer to the 31 December 2022 accounts.
7. 기타 손익
The RiverFort EPSA has previously described in the 2020, 2021 and 2022 accounts. In 2020 the company received a £1.5m mezzanine loan under the RiverFort EPSA. At the same time under the EPSA the company issued 14m shares and booked a sundry debt of £1.75m. The loan was to be repaid and the sundry debt settled by selling down the shares. The mezzanine loan was fully repaid in December 2020. As at the 31 December 2023 there remained 4,300,696 Westminster shares, held to the company's order equally by RiverFort & YAII, the proceeds of which, when sold, will be for the benefit of Westminster. If those shares had been sold at 31 December 2023, due to the low share price at that time, the company would have received proceeds of £68,811.14 but would have incurred a book loss of £1.05m. Whilst the company can choose to enact the sale of these shares at any time, it has not done so and there is no reason nor pressure to do so until the company's share price has reached a target price of 26p. The Company believes that with imminent and expected new long-term contracts to be gained over the next 24 months the target price or higher can be achieved in due course at which time the shares can be sold for the benefit of the Company. In the meantime, for the sake of good governance it has been decided to mark to market the underlying shares as at 31 December 2023 and make a provision of £1.05m in Sundry Gains and Losses. This accounting treatment reflects the current fair value of the underlying shares. This provision will be assessed at each accounting reporting date against the market share price until such time as the shares are sold, should, as the board anticipates, the price be higher than the current market price with any change in the provision being recognised in future Profit & Loss statements.
8. 손익계산서 정보
a. 중요 항목
Other than disclosed elsewhere, the loss for the half year to 31 December 2023 includes no items that are unusual because of their nature, size or incidence.
b. 소득세
Income tax expense is recognised based on management's estimate. The Group has significant tax losses in the UK brought forward from prior years and does not expect to have to provide any material amount for tax.
Deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. The Group's projections show the expectation of future profits, hence in 2018 a deferred tax asset was recognised. Reviews were performed in subsequent years which has confirmed those expectations.
c. 주당 손실
Earnings / Loss per share is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the Period. For diluted earnings per share the weighted average number of ordinary shares in issue is adjusted to assume conversion of all dilutive potential ordinary shares. Only those outstanding options that have an exercise price below the average market share price in the Period have been included. For each period, the issue of additional shares on exercise of outstanding share options would decrease the basic loss per share and therefore there is no dilutive effect.
가중평균보통주식수는 다음과 같이 계산됩니다.
31년 2023월 XNUMX일 종료된 XNUMX개월 | 30개월 종료 2023년 XNUMX월 XNUMX일 | Six month ended 31 December 2022 | |
'000 | '000 | '000 | |
기간초 발행보통주식수 | 330,515 | 330,515 | 330,515 |
해당 기간의 가중평균 기본주식수와 희석주식수 | 330,515 | 330,515 | 330,515 |
£'000 | £'000 | £'000 | |
손실 및 총포괄비용 | (1,910) | (287) | 776 |
| |||
주당 손실 | (0.58:XNUMX)p | (0.09:XNUMX)p | 0.23p |
9. 현금 흐름 조정 및 운전 자본의 변경
31년 2023월 XNUMX일 종료된 XNUMX개월 | 30개월 종료 2023년 XNUMX월 XNUMX일 | 31년 2022월 XNUMX일 종료된 XNUMX개월 | |
금액 | 금액 | 금액 | |
£'000 | £'000 | £'000 | |
비현금 항목 조정 |
| ||
비금융자산의 감가상각, 상각 및 손상 | 126 | 104 | 118 |
금융 비용 | 16 | 13 | 35 |
자산사용권의 이동 | 16 | 50 | (28) |
(이익) 비금융자산처분 | 8 | (5) | (4) |
IFRS 16 이자 조정 | - | (4) | (5) |
(Increase)/decrease in Deferred Tax Asset | 1 | - | - |
FX 효과 | (282) | - | - |
주식기준보상비용 | (3) | 72 | - |
총 조정 | (118) | 230 | 116 |
운전 자본의 순 변화: |
| ||
재고 감소/(증가) | 85 | 26 | 310 |
매출채권 및 기타수취채권의 감소/(증가) | 1,669 | (10) | (1,061) |
장기채권 감소/(증가) | 6 | 224 | (182) |
계약부채의 증가/(감소) | 16 | (11) | 11 |
거래 및 기타 채무의 증가/(감소) | (138) | (364) | 178 |
운전 자본의 총 증가 / (감소) | 1,638 | (135) | (744) |
10. Non-current Receivable
31 년 2023 월 XNUMX 일 기준 | 30 년 2023 월 XNUMX 일 기준 | 31 년 2022 월 XNUMX 일 기준 | |
Sierra Queen | 363 | 369 | 593 |
363 | 369 | 593 |
The Sierra Queen was a vessel owned by Sovereign Ferries which was sold in December 2019 into the Mediterranean leisure market. The pandemic and subsequent technical issues with the boat have meant that we have had to renegotiate the payment plan which now stretches out to May 2029. In order to secure this debt the Group had received cross guarantees from sister companies of the purchaser as well as a personal guarantee from the owner and reservation of title over the vessel. Whilst this is stretching out management consider that this is collectable.
11. 소집된 자본금
보통주 자본금 | 6 months to 31st December 2023 | 6년 30월 2023일까지 XNUMX개월 | 6 months to 31st December 2022 | |||
번호 | £'000 | 번호 | £'000 | 번호 | £'000 | |
기간 초에 | 330,514,660 | 331 | 330,514,660 | 331 | 330,514,660 | 331 |
주식선택권 및 신주인수권 행사로 인해 발생 | - | - | - | - | - | - |
기타 현금 문제 | - | - | - | - | - | - |
기간이 끝나면 | 330,514,660 | 331 | 330,514,660 | 331 | 330,514,660 | 331 |
12. 차입금
31년 2023월 XNUMX일 종료된 XNUMX개월 | 30개월 종료 2023년 XNUMX월 XNUMX일 | 6년 31월 2022일 종료된 XNUMX개월 | |
£'000 | £'000 | £'000 | |
현재 차입금(만기 < 1년) |
| ||
차관 | 280 | 112 | 132 |
임대부채 | 36 | 70 | 62 |
현재 차입금 합계 | 316 | 182 | 194 |
비유동 차입금(만기일 > 1년) |
| ||
임대부채 | 137 | 49 | 27 |
총 비유동차입금 | 137 | 49 | 27 |
총 차입금 | 453 | 231 | 221 |
13. 비상 사태
2021년 XNUMX월, Yorkshire Bank로 거래되는 Clydesdale Bank PLC는 그룹에 당좌 대월 및 기타 은행 시설을 제공했습니다. 이러한 편의의 조건으로 회사는 그룹 내 모든 회사의 은행 당좌차월 및 기타 편의와 관련하여 다자간 요금 및 보증을 체결했습니다.
14. 보고기간 이후의 사건
There are no significant events to report after the period end, other than as noted in the report.
15. 중간재무제표 사본
해당 중간재무제표 사본은 회사 홈페이지에서 확인하실 수 있습니다. www.wsg-corporate.com and from the Company Secretary at the company's registered office, Westminster House, Blacklocks Hill, Banbury, Oxfordshire, OX17 2BS.
RNS는 귀하의 IP 주소를 사용하여 약관 준수 여부를 확인하고, 귀하가 이 커뮤니케이션에 포함된 정보를 사용하는 방식을 분석하고, 그러한 분석을 익명으로 다른 사람과 상용 서비스의 일부로 공유할 수 있습니다. RNS와 런던 증권 거래소가 귀하가 제공한 개인 데이터를 사용하는 방법에 대한 자세한 내용은 개인 정보 보호 정책을 참조하십시오.