최종 결과
목표: KBT
본 발표에는 7년 유럽연합(철회)법("MAR")에 따라 영국 국내법의 일부를 구성하는 시장 남용 규정(EU) 596/2014 2018조의 목적에 따른 내부 정보가 포함되어 있으며 공개됩니다. MAR 제17조에 따른 회사의 의무에 따라
K3 비즈니스 기술 그룹 PLC
("K3" 또는 "그룹" 또는 "회사")
패션 및 의류 브랜드에 초점을 맞춘 비즈니스 핵심 소프트웨어 솔루션 제공업체입니다.
Final results for the year to 30 November 2023
키 포인트
|
| 재 작성 | |
| FY 2023 | FY 2022 | |
계속영업수익 | £ 43.8m | £ 47.2m | |
매출 총 이익 | £ 27.1m | £ 27.9m | |
? | 매출 총 이익 | 62% | 59% |
조정영업이익/(손실)1 | £ 1.3m | (0.6만 파운드) | |
계속영업으로 인한 세전손실 | (1.8만 파운드) | (4.1만 파운드) | |
순 현금1 | £ 8.3m | £ 7.1m | |
보고된 주당 손실 | (5.4p) | (9.5p) | |
Adjusted gain/(loss) per share for continuing operations | 1.0p | (4.6p) | |
1참고 10 참조
재정상의
· Stronger financial position, with improved cash generation and tighter cost discipline supporting increased net cash at financial year end of £8.3m (30 November 2022: £7.1m).
· Total revenue decreased by 8% to £43.8m (2022: £47.2m) mainly reflecting lower revenue from Global Accounts. Approx £0.4m (2022: £0.3m) of income was not recognised as a result of the new revenue recognition policy for K3 fashion and apparel products (income from contracts is now recognised over the term of the contract, instead of upfront).
· Total annual recurring revenue ("ARR") increased to £24.7m (2022: £22.4m), including double-digit ARR growth from K3 fashion and apparel products and from the NexSys business unit.
· Encouraging return to profitability with adjusted operating profit of £1.3m (2022: loss of £0.6m)
o adjusted operating profit/loss metric has replaced adjusted EBITDA as a key performance indicator, being a better proxy for cash generation.
· Benefits of further cost reduction measures implemented in the second half will be felt in FY 2024 and beyond.
조작상의
· Move to new business unit structure at financial year end establishes a better platform for the Group as the Board focuses on driving cash and value.
· K3 Products division - continued strong sales growth from fashion and apparel offering ("Fashion portfolio").
o Revenue of £13.1m (2022: £12.6m); gross profit of £10.4m (2022: £9.8m), which is after £0.4m of Fashion portfolio revenue not booked (2022: £0.3m), in line with new revenue recognition policy.
o Gross profit margin of 79% (2022: 78%).
o Fashion portfolio increased ARR by 28% to £5.8m at period-end, driven by both new customer wins and existing customers expanding their software licences.
o New dedicated management team at Retail Solutions has delivered benefits.
o Strategic decision to integrate K3 ViJi capabilities within Fashion portfolio's existing corporate social responsibility functionalities rather than maintain it as stand-alone product.
· Third-party Solutions division - results impacted by downturn in activity at Global Accounts, which offset strong growth in the NexSys business unit.
o Revenue of £30.7m (2022: £34.7m) and gross profit of £16.7m (2022: £18.1m).
o Gross profit margin of 55% (2022: 52%) - reflected revenue mix and reduced overheads.
o NexSys (formerly known as SYSPRO); performed strongly with average deal size increased and a number of large new contracts secured.
o Global Accounts; significant slowdown in second half; remedial action taken to reduce cost base.
현재 거래 및 전망
· The Board remains focused on the transition to higher quality recurring earnings, as well as cash generation, cost discipline and additional operational simplification, which will help to drive further shareholder value.
· Group trading in the first quarter of the new financial year is in line with budget, and K3 has a stronger balance sheet than in FY22, which should continue to strengthen. While the markets that K3 serves remain challenging, the Board believes that both divisions have good growth opportunities.
· Overall, the Board expects cash generation to continue to improve in FY24 and the Group to deliver a higher adjusted operating profit result.
Tom Crawford, Executive Chairman of K3 Business Technology Group plc, said:
"We made good progress in a number of important areas and achieved some significant financial and strategic milestones against a challenging trading environment. In particular, the Group's balance sheet has strengthened. Our Fashion portfolio performed well and has attractive growth opportunities. Third-party Solutions contended with a slowdown at Global Accounts, however the NexSys operations grew strongly and continues to generate dependable and significant cash flows from software licence and maintenance and support renewals from its large user base.
"The transition to a unit structure will support our drive to generate value for shareholders and we remain disciplined in our focus on cash generation, costs and the shift to higher quality earnings. As we move through the new financial year, we expect K3 to generate increased cash and deliver a further improvement in adjusted operating profit."
문의 :
K3 비즈니스 테크놀로지 그룹 plc www.k3btg.com | 톰 크로포드(Tom Crawford) 회장 Eric Dodd, 최고 재무 책임자 | T: 020 31786378 (today) |
T : 0161 876 4498
| ||
핀캡 리미티드 (노마드 & Broker) | 줄리안 블런트/댄 호킨슨 (기업 금융) 수닐라 데 실바(기업 중개) | T : 020 7220 0500 |
KTZ 커뮤니케이션즈 | 케이티 줄리아디스/로버트 모튼 | T : 020 3178 6378 |
집행위원장 성명
살펴보기
We made good progress over the year in a number of important areas and, against a challenging trading backdrop, K3 has achieved some significant financial and strategic milestones.
The Group has continued to strengthen its financial position, with improved cash generation raising net cash at the financial year-end to £8.3m from £7.1m This was helped by tightening cost discipline across the Group, as well as further actions to address overheads.
Operationally, we are seeing encouraging progress with our strategic products for the fashion and apparel market ("Fashion portfolio") in the K3 Products division. The Fashion portfolio delivered 28% growth in annualised recurring revenue ("ARR") to £5.8m from £4.5m in the prior year. K3 Fashion, our flagship product, which is globally endorsed by Microsoft, performed particularly strongly and its growth potential remains exciting. In addition a new dedicated management team at the Retail Solutions unit has driven meaningful performance improvements, including higher margins and customer retention.
Within the Third-party Solutions division, the NexSys operation, which makes up 68% of the division's revenues and drives the division's significant cash generation, grew strongly. The unit increased its extensive installed customer base with new larger customer wins, in line with strategy. Importantly, software licence and support and maintenance contract renewals at NexSys remained very high at 98% (2022: 98%) and its net revenue retention was 109%. Against this, Global Accounts, also part of the division, contended with a slowdown in activity. The slowdown, which was apparent in the first half, was sharper in the second half, and we responded with steps to address the resource base.
While overall Group revenue decreased by 8% to £43.8m, the Group significantly improved other key performance measures year-on-year. Total annual recurring software revenue increased to £24.7m from £22.4m last year, with the Fashion portfolio and NexSys both generating double-digit ARR growth. Adjusted operating profit1 moved from a loss of £0.6m in the prior financial year to a profit of £1.3m. Gross profit margin increased significantly to 62% from 59% in the prior year, and gross margin at both K3 Products and Third-party Solutions divisions was higher year-on-year, at 79% and 55% respectively (2022: 78% and 52%%). Free cash flow1 is a key performance measure for the Board, and this improved from an outflow of £1.8m in 2022 to an inflow of £1.1m in 2023, which is a £2.9m turnaround.
Looking ahead, we expect further progress in the new financial year as software revenues grow and we maintain a disciplined approach to development allocation and cost base control. Our strategic decision to incorporate the nascent K3 ViJi product capability into our Fashion portfolio products, rather than maintain it as a standalone offering, will help here.
At the K3 Products division, the Fashion portfolio, which is sold via our business partner network, has good growth prospects. The new team at Retail Solutions is confident of lifting net revenue retention, which is now at 103%, and has refined the account management and sales strategy.
At the Third-party Solutions division, we have ambitious targets for NexSys, supported by a good new business pipeline. The slowdown in customer activity at Global Accounts is expected to continue in the short to medium term, but the resource base is now more appropriately sized.
재무 결과
Total revenue for the year ended 30 November 2023 decreased by 8% to £43.8m (2022: £47.2m). On a constant currency basis, total revenue was 7% lower year-on-year. The reduction mainly reflected lower revenue from Global Accounts, whose customers pulled back on expansion and project spend from the levels seen prior to summer 2023. As reported with interim results, the Group's revenue recognition policy for the Fashion portfolio was changed in this financial year. Revenue from fashion product contracts is now recognised over the term of the contract rather than proportionally upfront after the completion of software installation, and matches revenue to cash collection. The change in policy has reduced revenue by £0.4m (2022: £0.3m).
Gross profit was £27.1m (2022: £27.9m), reflecting lower revenue and deferred gross profit of £0.4m from the Fashion portfolio following the implementation of the new revenue recognition policy. Nonetheless, gross margin was higher at 62% (2022: 59%), with both Divisions actively working to improve gross margins.
A key performance measure for the Group previously was adjusted EBITDA. As reported with interim results, we have now replaced this measure with adjusted operating profit/(loss)1, since the Board believes it is a better proxy for understanding underlying profitability and cash requirements. This has resulted in revised administration expenses, which now include depreciation and amortisation being shown in the comparative 2022 data.
We are pleased to report that the Group has delivered an adjusted operating profit of £1.3m for the financial year compared to a loss in the prior year (2022: loss of £0.6m measured on the same basis). This £1.9m turnaround in performance was supported by higher gross margins and lower costs. It is also after the change in our revenue recognition policy for fashion and apparel software sales.
The table below provides the reconciliation between adjusted operating profit in the financial year and adjusted EBITDA in the prior year.
| 재 작성 |
| ||
FY 2023 £'000 | FY 2022 £'000 | 변화 % | ||
Adjusted EBITDA (as previously reported for FY 2022) | 3,497 | 5,064 | -31 % | |
- | 감가상각 및 상각 | (2,234) | (5,383) | -58 % |
- | Impact of change in revenue recognition on FY22 | NA | (280) | NA |
조정영업이익/(손실) | 1,263 | (599) | 311% |
Amortisation decreased year-on-year due to lower capitalisation of development costs in FY23 and the impact of impairments in FY22.
The reported loss from operations reduced to £1.4m (2022: loss of £3.8m), an improvement of £2.4m. The major factor driving this improvement was a significant reduction in overheads, with £2.7m taken out of the Group's cost base. The reported loss from operations is stated after £4.2m of impairment and reorganisation costs, and historical acquisition credit of £0.3m resulting from reversal of contingent consideration, partly offset by a credit resulting from a £1.1m reversal of share-based payment charges (2022: £2.3m of impairment, reorganisation and acquisition costs, and share-based payment charges of £0.9m).
Reported adjusted administrative expenses decreased by 10% to £25.9m (2022: £28.4m), helped by our tighter focus on costs in the second half, a discipline that continues to yield savings.
The reported loss before tax decreased to £1.8m (2022: loss of £4.1m), a £2.3m advancement. This mainly reflects our actions over the cost base, as stated above. Net finance expenses were £0.4m (2022: £0.3m).
Adjusted earnings per share shows a significant improvement at 1.0p from the prior year (2022: loss of 4.9p). Adjusted gain/(loss) per share excludes exceptional reorganisation costs, exceptional impairment costs, acquisition costs/credit and share-based charges/credit and is net of the related tax credit of £0.2m (2022: charge £1.0m). The reported loss per share, 중단된 활동으로 인한 이익을 포함합니다. also improved at 5.4p (2022: 9.5p).
대차대조표 및 현금흐름
The Group balance sheet remains strong, with cash and cash equivalents of £8.3m (2022: £7.1m) and net cash of £8.3m (2022: £7.1m). K3 has banking facilities with Barclays, which provides for the drawdown of up to £3.0m to support seasonal cash movements. This facility agreement was extended in March 2024 on standard terms for a further two years until March 2026, with optional future renewals. The extension was based on a facility maximum of £2.8m. At 30 November 2023, £nil was drawn down (2022: £nil).
Group cash flow is weighted towards the second half of the financial year. This reflects the significant cash inflows that fall due in this period from annual software licence and maintenance and support contract renewals. A large proportion of these renewals are for NexSys software, where renewals remained very high at 98%, which was in line with prior years, as expected.
Cash inflow from operations increased to £3.5m (2022: £2.4m). Net cash used in investing activities decreased significantly at £1.4m (2022: £2.7m). This resulted from our more disciplined approach to development expenditure as well as actions to simplify the business. The £1.4m included spend on property, plant and equipment of £0.6m (2022: £0.8m), lower development expenditure capitalised at £0.7m (2022: £1.7m) and ViJi acquisition-related outflow of £0.1m (2022: £0.2m).
성장 전략
The Board's focus is on driving cash generation and shareholder value. In practise, this means that we are concentrating on the growth of those software products and solutions that are differentiated in their market verticals and provide demonstratable benefits to customers.
The K3 Products division continues to offer the opportunity of significantly higher-margin growth. This reflects the fact that its solutions are based on K3 intellectual property ("IP"). A key focus is the development and growth of our core strategic fashion and apparel products and, in particular, the K3 Fashion product. Microsoft has endorsed K3 Fashion as its 'go to' embedded solution for the fashion and apparel sector. We believe that its growth opportunity is significant and our route-to-market remains our network of business partners. We are now further enhancing our Fashion portfolio with additional sustainability functionality from our ViJi product and are working with Microsoft and our business partners to move fashion brands to our specialist offering in the cloud.
NexSys (formerly K3 SYSPRO), which delivers and supports ERP solutions for manufacturers and distributors in the UK, generates significant recurring revenue and strong predictable cash flows. Our focus with NexSys is to target larger, higher-value projects, as well as moving into attractive adjacent verticals. The Global Accounts business, which also makes up the Third-party Solutions division, is a long-established partner to the overseas franchisees of the Inter IKEA Concept. While the expansion of IKEA stores by franchisees has slowed, leading to a significantly weaker performance, Global Accounts, nonetheless, remains a key support and services partner to this network.
운영 검토
The Group's segmental results for the financial year ended 30 November 2023 and comparatives for 2022 are summarised in the tables below. Reporting is divided between the K3 Products division and the Third-party Solutions division. K3 Products encompasses K3's own products and includes strategic fashion and apparel products, for which the revenue recognition change had a one-off impact in this year's results, and Retail Solutions. The Third-party Solutions division consists of NexSys and Global Accounts, and revenues comprise a mix of recurring revenue (from software licence renewals, and support and maintenance contracts), and revenues from systems integration and professional services, as well as one-off software licences.
30월 XNUMX일 종료 | 수익(백만 파운드) | 총 이익 | 매출 총 이익 | |||
2023 | 2022 회복 | 2023 | 2022 회복 | 2023 | 2022 회복 | |
K3 제품 | 13.1 | 12.6 | 10.4 | 9.8 | 79% | 78% |
타사 솔루션 | 30.7 | 34.7 | 16.7 | 18.1 | 55% | 52% |
금액 | 43.8 | 47.2 | 27.1 | 27.9 | 62% | 59% |
|
K3 Products - K3 Fashion portfolio | 2023 | 전년 대비 변화 |
연간 환산 Recurring Revenue (ARR) | £ 5.8m | 28% |
K3 제품
이 사업부는 자체 IP를 기반으로 하는 소프트웨어 제품과 솔루션을 제공합니다. 이는 다음으로 구성됩니다:
? | strategic products focused on fashion and apparel markets (the Fashion portfolio); |
? | solutions for the visitor attraction market; and other stand-alone point-of-sale retail solutions and apps ("Retail Solutions"). |
£ m | 2023 | 2022 회복 |
수익 | 13.1 | 12.6 |
매출 총 이익 | 10.4 | 9.8 |
매출 총 이익 (%) | 79% | 78% |
조정 된 운영 손실 | (4.8) | (6.9) |
|
Our Fashion portfolio, which includes our Microsoft-endorsed flagship product, K3 Fashion, continued to grow strongly, and its annualised recurring revenue increased by 28% over the year to £5.8m. Total divisional revenue increased by 4% to £13.1m (2022: £12.6m). The implementation of the new revenue recognition policy for fashion products meant that £0.4m of revenue was not recognised in the financial year under review, but will be recognised in future years. Similarly, the revenue figure for the 2022 financial year has been restated to take account of the new policy. This resulted in £0.3m of revenue being deferred into future years. The Division's overall performance was also impacted by high development expenditure on K3 ViJi and K3 Imagine. We reviewed the commercial opportunity for both these two products, and have addressed cost base accordingly. Further commentary is below.
Gross profit for the year increased to £10.4m (2022: £9.8m). This figure and the last year's comparative are both stated after the effect of the new revenue recognition policy. Gross margin improved to 79% (2022: 78%). The rise reflected the higher margin revenue mix, together with pricing and actions at Retail Solutions, where the new dedicated management team addressed the cost base and implemented other initiatives.
Sales of our K3 Fashion flagship product were extremely encouraging and mainly drove the 28% rise in total annualised recurring revenue in the Fashion portfolio, with a contribution of £1.2m to incremental ARR in the financial year. A total of five significant new customers were added, and existing customers continued to expand their software licence estate with us. As we previously announced, in the first half of the financial year, the business partner network secured the largest global deployment of K3 Fashion to date, with a major global jewellery/watches retailer. This contract is worth c. £1.4m over three years. Other significant signings included: a c. £1.0m, three-year contract with a Swedish outdoor sports fashion brand; a c. £0.5m five-year contract with a major Swiss outdoor brand; and a five-year contract with a European golf brand. Existing customers took up further software licences for K3 Fashion, with these including a music mail-order and merchandising retailer and a major wedding apparel designer. Each added an additional c. £0.2m of annual recurring revenue to the Fashion portfolio.
As these incremental software licence orders demonstrate, new customer wins have the potential to grow over time. The typical pathway is for new customers to buy software licences for centralised functions, including purchasing, catalogue management and pricing management, and then to take up additional software licences as they progressively roll-out our software across their operations in distribution centres and stores.
K3 Fashion continues to be globally endorsed by Microsoft as its recommended embedded solution for the fashion and apparel vertical, and our business partner network remains the main route-to-market for the Fashion portfolio. We continued to invest in supporting our business partner network though our channel partner and centre of excellence team.
The new dedicated management team at Retail Solutions is driving improvements in adjusted operating profit, net revenue retention and customer satisfaction. Net revenue retention is now above 100% and the new business unit leader has refocused account management and sales activities.
We came to a difficult judgement at the end of the financial year, which was to withdraw further investment in our standalone sustainability product for fashion retailers, K3 ViJi, acquired in January 2022. The decision was taken after a strategic and commercial assessment. While the market for sustainability solutions is emerging and evolving legislative drivers will promote greater focus in this area by fashion retailers, we concluded that, in the current, challenging retail environment, the required return on investment within our desired timeframe for a standalone product, was not likely to be met. We are therefore concentrating on integrating K3 ViJi's capabilities within K3 Fashion's existing corporate social responsibility functionalities, and will promote our sustainability offering as features within our existing Fashion portfolio.
타사 솔루션
Third-party Solutions comprises two units:
? | NexSys, which is a high-margin, value-added reseller and systems integrator of SYSPRO ERP enriched with K3 IP and partner modules. Its solutions address the needs of manufacturers and distributors, and are typically 'on-premise'. Revenues are generated from implementations, software licence sales (including renewals), and maintenance and support contracts. With over 40 years' experience in providing innovative ERP solutions for its chosen markets, NexSys has a large installed base of UK customers. |
? | Global Accounts, which provides specialist services and support, predominantly to the Inter IKEA Concept overseas franchisee network. |
£ m | 2023 | 2022 회복 |
수익 | 30.7 | 34.7 |
매출 총 이익 | 16.7 | 18.1 |
총 마진 % | 55% | 52% |
조정 된 영업 이익 | 8.3 | 8.1 |
|
The Division's revenue and profit performance was significantly affected by the downturn in activity at Global Accounts, which mainly provides its specialist services to the overseas franchisees of the Inter IKEA Concept. This offset the strong growth at NexSys, which performed very well.
Total revenue was down by 11.5% to £30.7m year-on-year (2022: £34.7m) and gross profit decreased by 8% to £16.7m (2022: £18.1m). However, gross margin increased to 55% (2022: 52.%). This improvement reflected the revenue mix, and specifically the higher proportion of software licence and maintenance and support income, as well as the actions taken to adjust the Global Accounts resource base.
The beginnings of a slowdown in activity that we reported in the first half at Global Accounts materialised strongly in the second half of financial year. As highlighted with interim results, we have taken remedial action to adjust the contractor resource base in light of more subdued activity, with limited new IKEA store openings. We continue to assist franchisees with our specialist services, focusing on support and developing new ways of working in response to franchisee needs. However, we expect a lower-level of activity in the short to medium term.
The NexSys business (the new name for our K3 SYSPRO operations), which provides business-critical ERP solutions for the UK manufacturing and distribution markets, continued to perform very well. Against the difficult backdrop of higher energy costs for the sector, which prompted some prospects to defer decisions, NexSys secured six major new wins over the financial year, including larger contracts, in line with strategy. New contracts included a c. £0.6m deal with a manufacturer of automotive plastic components, a c. £0.4m win with a bicycle manufacturer, a c. £0.4m order with a leading metal fabricator of trailers and towing parts, and a c.£0.3m agreement with a manufacturer of products for the farming industry. These order values are made up of the first year's software licence, the first year's support, and initial services. The services back-log remains healthy, and we are pleased with the new business pipeline.
중앙 비용
During the year, we took the decision to devolve greater responsibility and accountability over resource allocation to our Business Unit heads. This related in particular to HR, IT and finance functions. The result has been a significant reduction in overall costs, with the Business Units prioritising sales and profitability. The full benefits of this will be more apparent in the new financial year and beyond.
The unallocated Central Support costs that were not matched to revenue generation, which include our PLC costs, were £2.2m (2022: £1.8m).
이사회와 직원
On behalf of the Board, I would like to thank all our staff for their hard work and efforts over the year. It has been a challenging year in many respects and our people have responded with great commitment and energy.
The Board's strategy to further simplify operations, more effectively address the opportunities within market sectors, and to drive cash generation and shareholder value has led to some significant organisational changes during the year. We are very grateful for everyone's contribution to this as we continue to make progress towards achieving our strategic goals.
On 3 April 2023, Eric Dodd joined the Board as Chief Financial Officer, taking over from Rob Price, the previous Chief Financial Officer. 가입 이후, Eric has focused rigorously on cash, costs, and further operational simplification. He has also implemented the new revenue recognition policy at the Fashion portfolio.
On 30 October 2023, Marco Vergani stepped down as Chief Executive Officer of the Company, in line with the decentralisation strategy. Accordingly, the Group's business unit heads now report directly to the Board, with each head taking greater responsibility and accountability for their respective operations. We wish Marco well in his future endeavours.
요약 및 전망
The new business unit structure has established a better platform for the Group, as the Board focuses on driving value for shareholders. It provides clear focus, greater accountability, and further opportunity to reduce historical overhead.
The two divisions, K3 Products and K3 Third-party Solutions, both have growth opportunities while also managing challenges. The growth opportunity with the Fashion portfolio remains clear and will drive high-margin, recurring income, while we expect NexSys to continue to generate significant high-quality cash flows with leading margins. We have responded to the sharp slowdown in activity at Global Accounts, and although we expect trading at the unit to remain subdued, we continue to engage closely with IKEA and its overseas franchisees.
K3 has started the new financial year with a stronger balance sheet than at the same point last year. It will also benefit from the cost reduction measures taken in the latter part of 2023 coming through more fully over the course of the current financial year and next year. The Board is pleased to report that Group trading in the first quarter is in line with budget and it remains confident that K3 will continue to improve cash generation and deliver higher adjusted operating profit.
톰 크로포드
집행 위원장
재무 검토
살펴보기
The Group's reported segments are 'K3 Products' and 'Third-party Solutions', with Central Support costs stated separately, as previously. This aligns segmental reporting with the Group's growth strategy.
Focus on value creation for shareholders
The Board's main focus is on value creation for shareholders. Driving cash generation and growing annual recurring revenues ("ARR") is central to this.
We completed some important steps during the financial year in line with these goals. Late in the second half of the year, we moved in full to a Business Unit structure. Decentralising the business has established a better platform from which to realise value creation for shareholders. It has increased accountability while also driving significant reductions in IT, HR and finance expenditure.
We further tightened our approach to expenditure on new product development activities, which has helped to support a meaningful improvement in cash generation. Specifically, we have allocated expenditure according to where market, pipelines and margins indicated the highest probability of cash returns over the medium term, withdrawing or reducing expenditure elsewhere. We also identified unnecessary cost burdens, such as certain structures and financing arrangements that did not offer tangible benefit to the Company. We are continuing to exit these arrangements and to work on further simplifying the business in order to establish the most appropriate cost base.
Since we believe that the closest metric to understanding cash generation is adjusted operating profit/(loss), we have adopted it as the key measure of the Company's performance. It replaces earnings before interest, tax, depreciation and amortisation ("EBITDA"), which was used previously.
The Group's products for the fashion and apparel market offer the highest-margin, highest growth opportunity, and ARR in the fashion portfolio grew by over 28% in 2023.
핵심 성과 지표
이사들은 부문별 그룹 성과를 측정하는 핵심 성과 지표를 다음과 같이 고려합니다.
o 수익;
o 총 이익;
o gross profit margin;
o adjusted operating profit/(loss);
o free cashflow; and
o annual recurring revenue.
30년 2023월 2022일까지의 연말 그룹 실적은 XNUMX년 같은 기간의 비교 결과와 함께 아래 표에 요약되어 있습니다.
계속 활동 | 수익 | |
| 2023 £ m | 2022 £ m |
수익 | 43.8 | 47.2 |
심한 이익 | 27.1 | 27.9 |
심한 이익 한계 | 62% | 59% |
조정 운영 이익/(손실) | 1.3 | (0.6) |
무료 현금 흐름 | 1.1 | (1.8) |
연간 회원 반복 revenue - Fashion | 5.8 | 4.5 |
*회복 |
Overall Group revenue decreased by 8% or £3.5m to £43.8m (2022: £47.2m). This was mainly due to a reduction in revenue at the Third-party Solutions division of £3.4m.
We updated the Group's revenue recognition policy for K3 Fashion and K3 Pebblestone contracts in the year under review and now recognise the revenue of a K3 Fashion and K3 Pebblestone contract evenly over its lifetime. This approach makes it easier to manage the business and use benchmarks for activities, including sales & marketing expenditure, customer acquisition costs and customer churn. This will improve business understanding and further support capital allocation and other decision-making processes. The change has also simplified the balance sheet by lowering accrued income and matching revenue recognition more closely to cash collection. For the year under review, the shift to this new revenue recognition policy has reduced revenue and operating profit by £0.4m respectively (FY2022: £0.3m).
ARR from the combination of K3 Fashion and K3 Pebblestone increased by 28% to £5.8m (2022: £4.5m), driven by both new customers and existing customer expansion.
Gross profit decreased by £0.8m or 4% to £27.1m (2022: £27.9m). However, gross profit margin increased by three percentage points to 62%, reflecting the change in sales mix.
Encouragingly, the Group moved to an adjusted operating profit of £1.3m in 2023 from a loss in 2022 (2022: loss of£0.6m). This was driven by lower amortisation and more disciplined overhead expenditure.
Following the Company's transition to a Business Unit structure, impairments of £2.1m (2022: £1.6m) relating to goodwill and capitalised Group-wide IT projects were identified as no longer justifiable. A total of £2.1m in reorganisation costs were incurred (2022: £0.6m) and related primarily to the cost of people leaving the business. There is a credit resulting from historical acquisitions of £0.4m due to reversal contingent consideration obligation The departure of several senior staff members lead to lapses of outstanding share options, which led to a credit of £1.1m (2022: £0.9m debit).
주당 순이익
The Group generated adjusted earnings per share of 1.0p from Continuing operations (2022: loss of 4.9p). Reported loss per share, which includes profit from discontinued activities, was 5.4p (2022: loss of 9.5p).
배당
30년 2023월 2022일에 종료된 연도(XNUMX년: 없음)에는 배당금이 선언되지 않습니다.
과세
The corporation tax charge for the financial year was £0.5 million (2022: nil charge). This comprised a credit for current taxation of £0.1 million (2022: charge of £0.1m), which related to the non-UK businesses, and a charge for deferred taxation of £0.4 million (2022: credit of £0.1 million).
대차 대조표
Non-current assets reduced by £3.5m to £28.9m, which reflected a more disciplined approach to the capitalisation of development expenditure and also the impact of impairment of intangible and tangible assets of circa £2.1m.
Current assets decreased by £2.3m to £16.1m (2022: £18.5m). Receivables reduced by £1.9m to £5.4m (2022: £7.3m) due to improved collection procedures and the receivables ageing is excellent, with little unprovided exposure over 60 days. The change in the revenue recognition policy has led to a reduction in 'Contract Assets' and this should remain low in the future. Trade & other payables reduced to £15.9m (2022: £16.9m). We expect this balance to rise as we increase sales of fashion and apparel products, especially K3 Fashion, and we invoice annually and quarterly in advance.
At the financial year end, cash balances stood at £8.3m (30 November 2022: £7.2m). The Group has a bank facility with Barclays, its long-standing bankers, which provides for the draw down of up to £2.8m to support seasonal cash movements. At the year-end, £nil was drawn down (2022: £nil). After the financial year end, the facility agreement was extended for further two years, until March 2026.
현금 흐름
The Group's cash performance continued its improving trend. There were a number of large movements in working capital, the two most significant being the £3.5m reduction in receivables (including stock) and the £1.1m reduction in payables. Net cash inflow from operating activities increased by £1.1m to £3.5m (2022: £2.4m).
The more disciplined capital allocation and the ongoing corporate simplification process have begun to deliver tangible benefits. Both investing expenditure and financing cost have almost halved to £1.4 million and
£1.0 million respectively (2022: investing expenditure of £2.7 million and financing cost of £1.4 million). A specific illustration is the 30% reduction in lease liability payments, which mainly related to properties and vehicles, to £0.7 million.
The £1.1 million improvement in operating cashflow together with the £1.3 million reduction in development expenditure and £0.7 million reduction in financing costs combined to deliver a £2.8 million improvement in free cashflow. As a result, the cash outflow in 2022 of £1.7m was converted to a cash inflow of £1.1m in 2023. The Group's closing cash balance at 30 November 2023 was £8.3m (2022: £7.1m).
에릭 도드
최고 재무담당자(CFO)
K3 비즈니스 테크놀로지 그룹 plc
Consolidated Income Statement
30년 2023월 XNUMX일에 종료된 연도 동안
|
|
연말 11월 30 | 재 작성 연말 11월 30 |
| 2023 £'000 | 2022 £'000 | |
수익 | 43,779 | 47,252 | |
비용 판매 | (16,639) | (19,382) | |
심한 이익 | 27,140 | 27,870 | |
조정 관리 경비 | (25,523) | (28,367) | |
손상 사상자 수 on 금융 자산 | (354) | (102) | |
조정 운영 이익/(손실) | 1,263 | (599) | |
예외적 인 손상 | (2,070) | (1,603) | |
예외적 인 개편 와 취득 비용 | (2,129) | (595) | |
예외적 인 acquisition/disposal 관련 credit/(costs) | 406 | (98) | |
공유 기반 지불 신용/(요금) | 1,126 | (855) | |
손실 운영 | (1,404) | (3,750) | |
재무 비용 | (417) | (338) | |
손실 전에 과세 에 지속 운영 | (1,821) | (4,088) | |
부가세 비용 | (564) | (208) | |
Loss after taxation from continuing 운영 | (2,385) | (4,296) | |
이익 시간 내에 과세 에 중단 운영 | - | 108 | |
손실 for 전에, year | (2,385) | (4,188) | |
All 전에, (손실)/이익 for 전에, year is 기여할 수있는 에 공평 주주 of 전에, 부모의. | |||
당 손실 몫 | |||
출간연도 | 재 작성 출간연도 | ||
| 종료 11월 30 2023 £'000 | 종료 11월 30 2022 £'000 | |
Basic 와 희석 된 | (5.4:XNUMX)p | (9.5:XNUMX)p | |
Basic 와 희석되지 않은 에 계속 운영 | (5.4:XNUMX)p | (9.8:XNUMX)p |
연결재무제표 포괄 소득 |
| ||
30년 2023월 XNUMX일에 종료된 연도 동안 | |||
재 작성 | |||
출간연도 | 출간연도 | ||
종료 | 종료 | ||
11월 30 | 11월 30 | ||
2023 | 2022 | ||
£'000 | £'000 | ||
손실 for 전에, year | (2,385) | (4,188) | |
기타 포괄적 인 수입 | |||
교환 차이 on 번역 of 외국의 운영 | 76 | 69 | |
기타 포괄적 인 수입 | 76 | 69 | |
금액 포괄적 인 비용 for 전에, year | (2,309) | (4,119) | |
금액 포괄적 인 비용 is 기여할 수있는 에 공평 홀더 of 전에, 부모의. | |||
All 전에, other 포괄적 인 수입 의지 be 재 분류 된 그후 에 이익 or 오프 언제 구체적인 조건 are 만났다. 없음 of 전에, items within other comprehensive income/(expense) had a tax impact.
연결 재무 상태 표
30년 2023월 XNUMX일 현재
재 작성 | 재 작성 | |||
2023 £'000 | 2022 £'000 | 2021 £'000 | ||
자산 | ||||
비유류 자산 | ||||
속성, 식물 와 장비 | 1,323 | 1,766 | 1,551 | |
사용권 자산 | 1,025 | 801 | 1,709 | |
친선 | 24,911 | 25,022 | 24,772 | |
기타 무형자산 자산 | 1,533 | 3,394 | 6,648 | |
연기 된 세 자산 | 77 | 1,551 | 1,636 | |
금액 전류가 흐르지 않는 자산 | 28,869 | 32,534 | 36,316 | |
Current 자산 | ||||
재고 | 276 | 484 | 467 | |
거래 와 other 채권 | 7,555 | 10,764 | 8,100 | |
앞으로 통화 계약 | - | 110 | - | |
현금 및 단기 매장 | 8,304 | 7,113 | 9,146 | |
금액 current 자산 | 16,135 | 18,471 | 17,713 | |
금액 자산 | 45,004 | 51,005 | 54,029 | |
부채 | ||||
비유류 부채 | ||||
임대 부채 | 37 | 79 | 135 | |
식량 | 105 | 179 | 1,129 | |
연기 된 세 부채 | 91 | 1,119 | 1,288 | |
금액 전류가 흐르지 않는 부채 | 233 | 1,377 | 2,552 | |
Current 부채 | ||||
거래 와 other 미지급금 | 15,946 | 16,882 | 14,456 | |
현재 세금 부채 | 285 | 372 | 509 | |
임대 부채 | 947 | 802 | 1,623 | |
차입금 | 12 | 50 | 113 | |
식량 | 305 | 968 | 854 | |
금액 current 부채 | 17,495 | 19,074 | 17,555 | |
금액 부채 | 17,728 | 20,451 | 20,107 | |
주식 | ||||
공유 자본 | 11,183 | 11,183 | 11,183 | |
공유 프리미엄 계정 | 31,451 | 31,451 | 31,451 | |
기타 준비금 | 11,151 | 11,151 | 11,151 | |
번역 비축 | 1,683 | 1,607 | 1,538 | |
누적 된 사상자 수 | (28,192) | (24,838) | (21,401) | |
금액 공평 기여할 수있는 에 공평 홀더 of 전에, 부모의 | 27,276 | 30,554 | 33,922 | |
금액 공평 와 부채 | 45,004 | 51,005 | 54,029 |
연결 현금 흐름표 |
| ||
30년 2023월 XNUMX일에 종료된 연도 동안 | |||
출간연도 |
재 작성 출간연도 | ||
| 종료 11월 30 2023 £'000 | 종료 11월 30 2022 £'000 | |
현금 흐름 에 운영 방과 후 액티비티 | |||
손실 기간 | (2,385) | (4,188) | |
조정 용 : |
| ||
재무 비용 | 417 | 336 | |
부가세 비용 | 564 | 20 | |
감가 상각 of 재산, 식물 와 장비 | 552 | 636 | |
Impairment of property, plant and 장비 | 464 | - | |
사용권의 감가상각 자산 | 591 | 981 | |
Amortisation of intangible assets and development 지출 | 1,091 | 3,767 | |
손상 of 만질 수없는 자산 (를 포함하여 goodwill) | 1,606 | 1,603 | |
(이득)/손실 on 판매 of 재산, 식물 와 장비 | 11 | 10 | |
공유 기반 결제 (크레딧)/요금 | (969) | 751 | |
그물 현금 흐름 에 식량 | (740) | (717) | |
그물 현금 흐름 에 재고 | 208 | 17 | |
그물 현금 흐름 에 교환 와 other 채권 | 3,319 | (2,774) | |
그물 현금 흐름 에 교환 와 other 미지급금 | (1,104) | 2,380 | |
현금 생성 에 운영 | 3,625 | 2,822 | |
수입 세금 지급 | (82) | (395) | |
그물 현금 에 운영 방과 후 액티비티 | 3,543 | 2,427 | |
현금 흐름 에 투자 방과 후 액티비티 | |||
개발 지출 대문자 | (734) | (1,725) | |
획득 of a 자회사, 그물 of 현금 획득한 | (86) | (178) | |
매수 of 재산, 식물 와 장비 | (588) | (845) | |
그물 현금 에 투자 방과 후 액티비티 | (1,408) | (2,748) | |
현금 흐름 에 자금 조달 방과 후 액티비티 |
| ||
수입 에 대출 와 차입금 | 3,500 | 3,000 | |
반환 of 대출 와 차입금 | (3,536) | (3,111) | |
반환 of 임차권 부채 | (708) | (1,073) | |
관심 지급 on 임차권 부채 | (126) | (132) | |
금융비용 지급 | (163) | (150) | |
그물 현금 에 자금 조달 방과 후 액티비티 | (1,033) | (1,466) | |
그물 이전 단계로 돌아가기 in 현금 와 현금 등가물 | 1,102 | (1,787) | |
현금 와 현금 등가물 at 스타트 of year | 7,113 | 9,033 | |
교환 이득/(손실) on 현금 와 현금 등가물 | 89 | (133) | |
현금 와 현금 등가물 at end of year | 8,304 | 7,113 | |
통합 성명서 of 자본 변동
for 전에, year 종료 30 십일월 2023
주식 자본 | 프리미엄 공유 | 기타 준비금 | 번역 비축 | 재 작성 누적 된 사상자 수 | 재 작성 총 자본 | |
£'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |
At 30 십일월 2021 | 11,183 | 31,451 | 11,151 | 1,538 | (19,522) | 35,801 |
이전에 기간 다시 진술 | - | - | - | - | (1,879) | (1,879) |
At 30 십일월 2021 - 재 작성 | 11,183 | 31,451 | 11,151 | 1,538 | (21,401) | 33,922 |
변경 in 공평 for year 종료 30 11월 2022 손실 year |
- |
- |
- |
- |
(4,188) |
(4,188) |
기타 포괄 손익 year | - | - | - | 69 | - | 69 |
금액 포괄적 인 수입/(비용) | - | - | - | 69 | (4,188) | (4,119) |
주식 기준 지불 | - | - | - | - | 751 | 751 |
At 30 십일월 2022 - 재 작성 | 11,183 | 31,451 | 11,151 | 1,607 | (24,838) | 30,554 |
변경 in 공평 for year 종료 30 11월 2023 손실 year |
- |
- |
- |
- |
(2,385) |
(2,385) |
기타 포괄 손익 year | - | - | - | 76 | - | 76 |
금액 포괄적 인 수입/(비용) | - | - | - | 76 | (2,385) | (2,309) |
공유 기반 지불 | - | - | - | - | (969) | (969) |
At 30 십일월 2023 | 11,183 | 31,451 | 11,151 | 1,683 | (28,192) | 27,276 |
Within the Share Capital reserve there are own shares held by a wholly owned subsidiary, K3 Business Technology Group Trustees 기업 정보 제한된, as 보관 위원 of 전에, 여러 떼 종업원 몫 소유권 계획. 소유 주식 대표 26,809 (2022 : 26,809) 주식 아래에 개최 an 종업원 몫 소유권 계획 어느 의지 be 발행 에 전에, 직원 언제 그들 선택 에 철수 그들. XNUMXD덴탈의 시장 value of these shares as at 30 November 2023 was £30,294 (2022: £34,181).
노트
1 준비의 기초
준수 성명
These group financial statements have been prepared in accordance with UK endorsed IFRS in conformity with the requirements of the Companies Act 2006 ("IFRS") ("UK Adopted internal accounting standards"). The company financial statements have been prepared in accordance with Financial Reporting Standard 101, Reduced Disclosure Framework ("FRS101").
재무제표는 역사적원가를 기준으로 작성되었습니다. 역사적 원가는 일반적으로 재화와 용역의 교환으로 제공된 대가의 공정가치를 기준으로 합니다.
본 최종 결과표에 포함된 재무 정보는 IFRS의 인식 및 측정 기준에 따라 작성되었으나, 본 발표 자체에는 IFRS를 준수하기에 충분한 정보가 포함되어 있지 않습니다.
본 발표에 제시된 재무 정보가 추출된 30년 2023월 XNUMX일에 종료된 연도의 그룹 법정 재무제표는 그룹 연차 보고서에 명시된 주요 회계 정책에 공개된 회계 정책을 사용하여 작성되었습니다. 이러한 정책은 제시된 모든 연도에 일관되게 적용되었습니다.
IFRS에 따라 재무제표를 작성하려면 재무제표 작성일 현재 보고된 자산 및 부채 금액과 보고 기간 동안 보고된 수익 및 비용 금액에 영향을 미치는 추정 및 가정을 사용해야 합니다. 이러한 추정은 금액, 사건 또는 조치에 대한 경영진의 최선의 지식을 바탕으로 작성되었지만 궁극적으로 실제 결과는 이러한 추정과 다를 수 있습니다.
이 최종 결과 명세서는 30년 회사법 2023항의 의미 내에서 30년 2022월 435일과 2006년 XNUMX월 XNUMX일에 종료된 연도에 대한 회사의 법정 계정을 구성하지 않지만 해당 법정 계정에서 파생됩니다.
30년 2022월 2023일에 종료된 연도의 그룹 법정 계정은 회사 등록 기관에 제출되었으며, 2023년 계정은 회사의 연례 총회 후에 전달될 예정입니다. 감사인은 2022년과 2023년 법정 계정에 대해 보고했습니다. 498년 보고서는 (i) 적합하지 않았고, (ii) 중대한 불확실성을 포함하지 않았으며, (iii) 2(498)항 또는 3(2006)항에 따른 진술을 포함하지 않았습니다. ) 재무제표와 관련된 회사법 XNUMX의 내용입니다.
관심가는
The Group closely reviews its funding position throughout the year, including monitoring compliance with covenants and available facilities to ensure it has sufficient headroom to fund operations. The Group has extended its current Banking Facilities arrangements with its long-term Bank, Barclays, for a further two years to 31 March 2026, on a simplified standard bank terms basis with facility level consistent with 2023.
The capital structure of the Group has materially changed in the last three years with the disposal of the Starcom and Sage businesses for a combined £16.2m and the conversion of £3.0m shareholder loans to equity. The Group therefore ended the year ended 30 November 2023 with a Net Cash position of £8.3m (2022: £7.1m).
The Group has prepared cashflow forecast for a period of at least 12 months from the date of approval of the financial statements which show that the Group will have reasonably significant headroom and be in compliance with covenants. The forecast has undergone sensitivity analysis and stress testing and the Directors have concluded that there is no worst-case scenario that is likely which would mean the group would run out of cash or breach covenants.
The Directors therefore have a reasonable expectation that there are no material uncertainties that cast significant doubt about the Group's ability to continue in operation and meet its liabilities as they fall due for the foreseeable future, being a period of at least 12 months from the date of approval of the financial statements. For these reasons the financial statements have been prepared on a going concern basis
2 Key Accounting policies for the Group financial statements
친선
영업권은 처음에 위에 명시된 대로 인식 및 측정됩니다.
영업권은 상각되지 않지만 적어도 매년 손상 검토를 받습니다. 손상검사를 위해 영업권은 결합의 시너지로부터 이익을 얻을 것으로 예상되는 연결실체의 각 종속기업이나 현금창출단위(또는 현금창출단위집단)에 배분됩니다. 영업권이 배분된 현금창출단위에 대해서는 매년 손상검사를 실시하며, 손상 징후가 있는 경우에는 더 자주 손상검사를 수행합니다. 현금창출단위의 회수가능액이 장부금액보다 작은 경우, 손상차손은 먼저 현금창출단위에 배분된 영업권의 장부금액을 감소시키기 위해 배분하고 그 다음 비례적으로 현금창출단위의 다른 자산에 배분합니다. 단위 내 각 자산의 장부금액을 기준으로 합니다. 영업권에 대해 인식한 손상차손은 후속기간에 환입되지 않습니다.
종속기업이나 현금창출단위를 처분하는 경우 영업권의 귀속순장부가액은 처분손익 결정에 포함됩니다.
수익 인식
그룹은 IFRS 15 수익 인식에 영향을 미치는 다양한 계약 형태와 배포 방법으로 제품과 서비스에 대한 계약을 체결합니다. 여기에는 다음이 포함됩니다.
o Reselling of 3rd party products for which following contracting the Group has no continuing performance obligations for software and the customer controls the software. These are usually perpetual licences with customer on premise installations. Since the Group is reselling these all already functional products, services are unbundled. Customers can also choose to take maintenance and support for these products or indeed obtain services, support, and maintenance from different suppliers.
o K3 bolt on own software IP (Intellectual Property) that adds incremental vertical functionality and bolts onto Microsoft Dynamics products and that is either sold directly to customer or via a channel partner. There is an ongoing performance obligation to maintain the product to ensure the functionality continues to bolt onto Microsoft Dynamics products.
o K3는 K3가 통제하고 지속적인 이행의무를 갖는 제품을 소유하고 있습니다. 이러한 제품은 일반적으로 고객이 지속적으로 기능을 사용할 때 액세스할 수 있는 권한을 포함하는 SaaS(Software as a Service) 기반 구독 제품입니다. 제품 제안은 소프트웨어 액세스, 유지 관리 및 지원이 포함된 일반적인 번들입니다. 계약은 일반적으로 서비스 수준이 낮습니다.
Software licence revenue:
Software licences for 3rd party products are recognised at a point in time, on contract and issue of the initial licence key which is contemporaneous.
K3 bolt on own software IP is recognised over time. See note 11 for more details.
K3 own products which is SaaS based is recognised over time and not in software but rather in maintenance and support for the purposes of revenue disaggregation disclosures. Revenue is recognised over time as K3 controls the product, the licence is not distinct, and the customer continually receives benefits.
Services revenues:
Services are linked to implementation and set up of K3 own and 3rd party products, rather than product functionality build. Services are contracted for on a time and materials basis, the customer takes ownership of the work delivered and revenue is recognized as it is performed.
하드웨어:
Hardware is peripheral to a number of contract implementations; the revenue is recognized when the customer takes control of the asset on delivery.
유지 관리 및 지원 :
유지 관리는 제품의 유지 관리와 업그레이드 권한 보장을 의미하며, 지원은 헬프 데스크 액세스 등 지속적인 고객 지원을 의미합니다.
타사 제품 유지 관리는 제품 작성자가 제공합니다. K3는 수행 의무가 없으며 K3를 통해 마진을 받고 판매됩니다. 수익은 계약기간 동안 계약이 체결되는 시점에 인식됩니다. 타사 제품에 대한 지원은 계약 기간 동안 K3에서 제공합니다.
자체 소프트웨어 IP의 K3 볼트는 일반적으로 지원을 제공하는 채널 파트너를 통해 재판매됩니다. K3는 제품의 유지관리에 대해 지속적인 수행의무를 갖고 있으며 시간이 지남에 따라 이와 관련된 수익의 일부를 인식합니다.
K3 own SaaS/subscription products and usually hosted by K3 and typically a bundled offer of maintenance and support is provided to customers which are both performance obligations for K3 and revenue is recognised over time.
거래가격 할당:
거래가격은 고객과의 계약에 명시된 대가, 해당되는 경우 아직 합의되지 않은 계약 수정과 관련된 대가의 최선의 추정치를 기준으로 측정됩니다. 배송지연에 따른 위약금 등 고객에게 지급될 것으로 예상되는 금액은 대가에서 차감됩니다. 여러 이행의무 사이에 거래 가격을 배분해야 하는 경우, 이는 일반적으로 표준 정가 판매 가격이나 추정 비용 방법론을 사용하여 각각에 대해 총 가격의 일부를 배분함으로써 달성됩니다.
중요한 회계 추정 및 판단
이상으로 그룹의 회계정책을 적용함에 있어서 이사들은 인식된 금액에 유의적인 영향을 미치는 판단(추정과 관련된 판단 제외)을 해야 하며, 회계상으로는 쉽게 드러나지 않는 자산과 부채의 장부금액에 대한 추정과 가정을 해야 합니다. 다른 소스. 추정 및 관련 가정은 역사적 경험과 관련성이 있다고 간주되는 기타 요소를 기반으로 합니다. 실제 결과는 이러한 추정치와 다를 수 있습니다.
추정 및 기본 가정은 지속적으로 검토됩니다. 회계추정의 수정은 수정이 해당 기간에만 영향을 미치는 경우 추정이 수정되는 기간에 인식하고, 개정이 현재 및 미래 기간에 모두 영향을 미치는 경우 수정 및 미래 기간에 인식합니다.
The directors are of the opinion that there are no significant judgements to be disclosed. The key sources of estimation that have a significant impact on the carrying value of assets and liabilities are discussed below:
영업권 및 기타 무형자산의 손상
Determining whether goodwill is impaired requires an estimation of the value in use of the cash generating units to which goodwill has been allocated. The value in use calculation requires an entity to estimate the future cash flows expected to arise from the cash generating unit. It also requires judgement as to a suitable discount rate in order to calculate present value, i.e., the directors' current best estimate of the weighted average cost of capital ("WACC"). Other intangibles are assessed annually for impairment as well as when triggers of impairment arise. An impairment review has been performed at the reporting date. More details including carrying values are included in note 6.
Capitalised development expenditure and subsequent amortization
Where such expenditure meets the relevant criteria, the group is required to capitalise development expenditure. In order to assess whether the criteria are met the Board is required to make estimates in relation to likely income generation and financial and technical viability of the relevant development projects and the period over which the group is likely to benefit from such expenditure. Development projects are subject to an investment appraisal process with the product managers to assess the status of the development and the expected commercial opportunities. Development costs are assessed for impairment which requires an estimation of the future expected revenues to be generated from each product. This methodology, which is similar to that used to assess any impairment of goodwill, is discussed further in note 6. Expenditure is only capitalised when the investment appraisal process has assessed that the product is likely to benefit the Group in the future. More details including carrying values are included in note 6.
3 세그먼트 정보
The group operates a streamlined organisation with management resource and central services focused on working across the group in a more unified manner to increase the strategic focus on the level of our own product sales.
Reporting is based on product split between K3 own products ('K3 Products') and Third-party reseller activities ('Third-party Solutions') across revenue and gross margin. Global Accounts and Third Party Products continue to be merged into Third-party Solutions. Overheads and administrative expenses are included as a central cost given resource works across these three segments. The activities and products and services of the operating segments are detailed in the Strategic Report on pages 10 to 14.
Transactions between operating segments are on an arms-length basis. The CODM (Chief Operating Decision Maker, the Board) primarily assesses the performance of the operating segments based on product revenue, gross margin and group adjusted operating profit/(loss). The segment results for the year ended 30 November 2023 and for the year ended 30 November 2022, reconciled to loss for the year.
출간연도 종료 30 십일월 2023 | |||||
| K3 제품 | 타사 솔루션 | 중앙 비용 | 금액
| |
| £'000 | £'000 | £'000 | £'000 | |
외부 수익 | 13,085 | 30,694 | - | 43,779 | |
비용 판매 | (2,728) | (13,911) | - | (16,639) | |
심한 이익 | 10,357 | 16,783 | - | 27,140 | |
심한 한계 | 79.15% | 54.68% | - | 61.99% | |
조정 관리 경비 | (15,187) | (8,475) | (2,215) | (25,877) | |
조정 운영 이익/(손실) | (4,830) | 8,308 | (2,215) | 1,263 | |
예외적 인 손상 | - | - | (2,070) | (2,070) | |
예외적 인 개편 비용 | - | - | (2,129) | (2,129) | |
Acquisition/disposal credit/(costs) | - | - | 406 | 406 | |
공유 기반 지불 신용/(요금) | - | - | 1,126 | 1,126 | |
(손실)/이익 에 운영 | (4,830) | 8,308 | (4,882) | (1,404) | |
재무 비용 | - | - | (417) | (417) | |
(손실)/이익 전에 세 와 중단 운영 | (4,830) | 8,308 | (5,299) | (1,821) | |
부가세 비용 이익/(손실) 에 중단 운영 |
| - - | - - | (564) - | (564) - |
(손실)/이익 for 전에, year | (4,830) | 8,308 | (5,863) | (2,385) |
출간연도 종료 30 십일월 2022 (다시 말함) | |||||
| K3 제품 | 타사 솔루션
| 중앙 비용
| 금액
| |
| £'000 | £'000 | £'000 | £'000 | |
외부 수익 | 12,588 | 34,664 | - | 47,252 | |
비용 판매 | (2,792) | (16,590) | - | (19,382) | |
심한 이익 | 9,796 | 18,074 | - | 27,870 | |
심한 한계 | 77.81% | 52.14% | - | 58.98% | |
조정 관리 경비 | (16,705) | (10,004) | (1,760) | (28,469) | |
조정 운영 이익/(손실) | (6,909) | 8,070 | (1,760) | (599) | |
예외적 인 손상 | - | - | (1,603) | (1,603) | |
예외적 인 개편 비용 | - | - | (595) | (595) | |
Acquisition/disposal credit/(costs) | - | - | (98) | (98) | |
공유 기반 지불 신용/(요금) | - | - | (855) | (855) | |
(손실)/이익 에 운영 | (6,909) | 8,070 | (4,911) | (3,750) | |
재무 비용 | - | - | (338) | (338) | |
(손실)/이익 전에 세 와 중단 운영 | (6,909) | 8,070 | (5,249) | (4,088) | |
부가세 비용 | - | - | (208) | (208) | |
이익/(손실) 에 중단 운영 | - | - | 108 | 108 | |
(손실)/이익 for 전에, year | (6,909) | 8,070 | (5,349) | (4,188) | |
*FY2022 restated. |
구획 자산 와 분절 부채 are 검토 by 전에, CODM in a 통합 성명서 of 금융 위치. 따라서, 이 information is replicated in the Group consolidated statement of financial position on page 51. As no measure of assets or liabilities for individual segments is reviewed regularly by the CODM, no disclosure of total assets or liabilities has been made, in accordance with the amendment to paragraph 23 of IFRS 8.
XNUMXD덴탈의 회계 정책 of 전에, 운영 세그먼트 are 전에, 같은 as 그 기술 된 in 전에, 개요 of 상당한 회계 policies. Transactions between segments are accounted for at cost.
XNUMXD덴탈의 그룹 이 한 고객 관계 어느 계정 42 % (2022 : 46의 %) of 외부 그룹 수익.
Analysis of 전에, 여러 떼 외부 수익 (기준 고객 geography) 와 전류가 흐르지 않는 자산 by 지리적 위치 are 상세한 아래 :
외부 수익 by end 고객 지리
외부 수익 재 작성 | 비유동 자산 | |||
연말 11월 30 2023 | 연말 11월 30 2022 |
2023 |
2022 | |
£'000 | £'000 | £'000 | £'000 | |
미국 왕국 | 16,279 | 16,323 | 21,911 | 22,461 |
네덜란드 | 5,762 | 6,203 | 5,913 | 5,749 |
아일랜드 | 110 | 631 | - | 1,650 |
휴식 of 유럽 | 8,223 | 7,166 | 974 | 2,323 |
중간 동쪽 | 2,142 | 1,807 | - | - |
아시아 | 6,200 | 8,882 | 68 | 181 |
USA | 221 | 820 | 3 | 3 |
휴식 of 세계 | 4,842 | 5,420 | - | - |
43,779 | 47,252 | 28,869 | 32,367 | |
% of non-UK 수익 | 63% | 65% |
외부 수익 by 사업 단위 지리 | |||||
외부 수익 재 작성 | |||||
연말 11월 30 2023 | 연말 11월 30 2022 | ||||
£'000 | £'000 | ||||
미국 왕국 | 16,820 | 16,883 | |||
네덜란드 | 23,657 | 27,255 | |||
아일랜드 | 727 | 316 | |||
휴식 of 유럽 | 2,575 | 2,770 | |||
휴식 of 세계 | - | 28 | |||
43,779 | 47,252 | ||||
% of non-UK 수익 | 62% | 65% | |||
수익 인정받은 와 포함 이내 계약 자산 be 화해 as 다음과 같습니다 : | |||||
| 2023 £'000 | ||||
At 1 XNUMX월 2022 - as 이전에 정해진 | 5,512 | ||||
금액 회복 두 에 이전 단계로 돌아가기 in 회계 정책 | (2,785) | ||||
At 1 XNUMX월 2022 - 회복 | 2,727 | ||||
Transfers in the period from contract assets to trade 채권 | (2,727) | ||||
초과 of 수익 인정받은 위에 현금 (또는 권리 에 현금) 존재 인정받은 ...동안 전에, 기간 | 1,286 | ||||
At 30 십일월 2023 | 1,286 | ||||
수익 인정받은 와 포함 이내 계약 부채 be 화해 as 다음과 같습니다 : | |||||
2023 £'000 | |||||
At 1 XNUMX월 2022 | 5,312 | ||||
금액 포함 in 계약 부채 그 였다 인정받은 as 수익 ...동안 전에, 기간 | (5,312) | ||||
현금 접수 in 전진 of 성능 와 지원 인정받은 as 수익 ...동안 전에, 기간 | 7,454 | ||||
At 30 십일월 2023 | 7,454 | ||||
4 Tax expense/(charge) | ||
재 작성 | ||
2023 | 2022 | |
£'000 | £'000 | |
당기법인세비용/(대변) |
| |
해당 기간의 이익/(손실)에 대한 해외사업법인세 | 597 | 203 |
이전 기간에 대한 조정 | (479) | (100) |
총 현재 세금 비용 | 118 | 103 |
이연법인세(신용)/비용 |
| |
일시적 차이의 발생과 반전 | 180 | (61) |
세율 변경의 영향 | - | 10 |
이전 기간에 대한 조정 | 266 | (32) |
이연법인세비용 합계/(대변) | 446 | (83) |
해당 연도의 총 세금 비용 | 564 | 20 |
계속영업에 따른 법인세비용 | 564 | 208 |
중단영업에 따른 법인세(세액공제) | - | (188) |
564 | 20 | |
Deferred tax balances as at 30 November 2023 have been measured at 25% (FY2022: 25%). |
해당 기간의 실제 부과된 세금과 해당 연도의 이익/(손실)에 적용되는 영국 법인세 표준 세율의 차이가 발생하는 이유는 다음과 같습니다.
2023 £'000 |
% | 2022 £'000 |
% | |
계속영업으로 인한 과세전손실 | (1,821) | (4,088) | ||
중단영업으로 인한 세전손실 | - | (80) | ||
세전 손실 | (1,821) | (4,168) | ||
법인세표준세율에 따른 예상세액/(세액공제) | (419) | 23.0 | (792) | 19.0 |
효과: 세금 목적으로 공제되지 않는 항목 |
(64) |
439 | ||
과세되지 않는 소득 | (369) | (496) | ||
이전 기간에 대한 세금 조정 | 647 | (132) | ||
이연법인세 변동은 인식되지 않습니다. | 531 | 1,149 | ||
해외 세율의 차이 | 125 | (136) | ||
이연세율 차이의 영향 | 83 | (12) | ||
Total tax expense in current period | 564 | 34.6 | 20 | 48.7 |
2023 회계연도에 자본에 직접 인식된 이연 법인세는 £nil(2022년: £nil)이었습니다. 2023회계연도에 자본으로 인식된 현재 세금은 £nil(2022년: £nil)이었습니다. 연결포괄손익계산서상의 기타포괄손익 항목 중 세무비용이나 세무수익으로 발생한 항목은 없습니다.
5 (Loss)/earnings per share
XNUMXD덴탈의 계산 of (손실)/수익 용 몫 are 기반으로 on 전에, 이익/(손실) for 전에, year 와 전에, 수행원 숫자 of 주식:
2023 주식수 | 2022 주식수 | |
Denominator | ||
가중 평균 번호 of 주식 익숙한 in 기본 와 희석 된 EPS | 44,090,074 | 44,090,074 |
어떤 종업원 옵션 와 영장 있다 지원 된 포함 in 전에, 계산 of 희석 된 EPS 때문에 그들의 운동 is 할당량 on the satisfaction of certain criteria that had not been met at the end of the year.
기본 및 희석 | ||
2023 £'000 | 2022 £'000 | |
Loss after tax from continuing 운영 | (2,385) | (4,296) |
이익 시간 내에 과세 에 중단 운영 | - | 108 |
(손실)/이익 기여할 수있는 에 보통주 공평 홀더 of 전에, 부모의 for 기본 와 희석 된 수입 용 몫 |
(2,385) |
(4,188) |
XNUMXD덴탈의 대안 수입 용 몫 계산 있다 된 계산 된 때문에 전에, 이사 고려 그 그들 are 유용 에 shareholders and investors. These are based on the following profits/(losses) and the above number of shares.
Basic and diluted before other items | ||
2023 | 2022 | |
£'000 | £'000 | |
Loss after tax from continuing 운영 | (2,385) | (4,296) |
추가 뒤로 other 항목 : | ||
예외적 인 개편 비용 | 2,129 | 595 |
예외적 인 손상 비용 | 2,070 | 1,603 |
공유 기반 지불 (크레딧)/요금 | (1,126) | 855 |
Acquisition/disposal 관련 (credit)/costs | (406) | 98 |
부가세 credit/ (charge) 관련 에 other 항목 | 175 | (1,015) |
이익/(손실) 기여할 수있는 에 보통주 공평 홀더 of 전에, 부모의 for 기본 와 희석 된 | ||
earnings from continuing operations before other 항목 | 457 | (2,177) |
| 2023 펜스 | 2022 펜스 |
이익/(손실) 용 몫 | ||
Basic 와 희석 된 수입/(손실) 용 몫 | (5.4) | (9.5) |
Basic 와 희석 된 수입/(손실) 용 몫 에 지속 운영 | (5.4) | (9.8) |
Basic 와 희석 된 수입/(손실) 용 몫 에 중단 운영 | - | (0.2) |
조정 수입 용 몫 | ||
Basic 와 희석 된 수입/(손실) 용 몫 에 지속 운영 전에 other 항목 | 1.0 | (4.9) |
6 영업권과 손상
사업결합으로 취득한 영업권은 취득시 해당 사업결합으로 이익을 얻을 것으로 예상되는 현금창출단위(“CGU”)에 배분됩니다.
During the year, IBS CGU was merged with that of NexSys CGU as IBS entity merged with NexSys entity to drive operational efficiency.
모든 CGU에 대한 영업권의 장부금액은 다음과 같습니다. 이는 해당 연도의 사용가치 계산이나 매각예정 CGU에 대한 순공정가치에 의해 완전히 뒷받침됩니다.
영업권 장부 금액
2023
£'000
NexSys and Integrated Business Solutions (IBS) | 14,448 |
글로벌 계정 | 9,366 |
월튼 | 1,097 |
ViJi | - |
24,911 | |
영업권 장부 금액 2022 £'000 | |
NexSys (previously "Syspro") | 13,677 |
글로벌 계정 | 9,371 |
Walton & IBS | 1,868 |
ViJi | 106 |
25,022 |
그룹은 영업권 및 CGU의 관련 무형자산과 유형자산에 대해 매년 손상 여부를 테스트하며, 손상이 필요할 수 있다는 징후가 있는 경우에는 더 자주 테스트합니다.
The recoverable amounts of the remaining CGUs are determined from value in use calculations. The key assumptions for these calculations are discount rates, sales growth, gross margin, and admin expense growth rates. The assumptions for these calculations reflect the current economic environment. The discount rate represents the current market assessment of the risks specific
to the Group, taking into consideration the time value of money and individual risks of the underlying assets that have not been incorporated in the cash flow estimates. The discount rate calculation is based on the specific circumstances of the Group and its operating segments and is derived from the weighted average cost of capital (WACC). Other assumptions used are based on external data and management's best estimates.
For all the CGUs where the recoverable amount is determined from value in use, the Group performs impairment reviews by forecasting cash flows based upon the Annual Budget starting in the 2024, which anticipates sales, gross margin and admin cost growth based on management's best estimates. A projection of sales and cash flows based upon a blended inflation rate (2.1%) is then made for a further four years.
예상 세전 현금 흐름을 할인하는 데 사용된 비율은 14.0%(2022년: 17.4%)이며 가중 평균 자본 비용("WACC")에 대한 이사의 현재 최선의 추정치를 나타냅니다. 이사들은 CGU별로 WACC에 중요한 차이가 없다고 생각합니다.
7 이연법인세 | ||
연말 기준 순이연법인세자산·부채는 다음과 같이 분석됩니다. | ||
2023 £'000 | 재 작성 2022 £'000 | |
이연 법인세 자산 |
| |
지속적인 운영 | 77 | 1,551 |
이연 법인세 부채 |
| |
지속적인 운영 | (91) | (1,119) |
(14) | 432 |
인식된 이연법인세 자산과 부채는 다음과 같습니다.
그물 |
| |||||||||||
2023 |
2023 |
2022 |
2023 | 재 작성 2022 |
| |||||||
£'000 | £'000 | £'000 | £'000 | £'000 |
| |||||||
공장 및 장비 | - | - | (1) | - | 110 |
| ||||||
기타 일시적인 차이 | - | (91) | (1,118) | (91) | 241 |
| ||||||
손실 | 77 | - | - | 77 | 23 |
| ||||||
사업결합 | - | - | - | - | 58 |
| ||||||
이연법인세자산/(부채) | 77 | (91) | (1,119) | (14) | 432 |
| ||||||
| ||||||||||||
재 작성 1 12월 |
에서 인식됨 |
11월 30 | ||||||||||
2022 £'000 | 수입 £'000 | 처분 £'000 | 2023 £'000 | |||||||||
공장 및 장비 | 110 | (110) | - | - | ||||||||
기타 일시적인 차이 | 241 | (332) | - | (91) | ||||||||
손실 | 23 | 54 | - | 77 | ||||||||
사업결합 | 58 | (58) | - | - | ||||||||
이연법인세자산/(부채) | 432 | (446) | - | (14) | ||||||||
그룹은 회복에 대한 불확실성으로 인해 이월된 무형 고정 자산 시기 차이와 3.6만 파운드(2022년: 1.8만 파운드)의 세무 손실에 대해 이연 법인세 자산을 인식하지 않았습니다.
그룹이 이러한 일시적 차이의 소멸 시기를 통제할 수 있고 31년에 소멸되지 않을 가능성이 높기 때문에 해외 자회사의 미지급 이익과 관련된 £2022(23년: £XNUMX)의 일시적 차이에 대해서는 이연 법인세 부채가 인식되지 않습니다. 가까운 미래.
8 Notes to the cash flow statement | ||
현금 및 현금성 자산 | ||
2023 £'000 | 2022 £'000 | |
요청 시 현금 및 은행 잔고 이용 가능 | 8,304 | 7,113 |
은행 초과 인출 | - | - |
8,304 | 7,113 |
현금 및 현금등가물은 요청 시 이용 가능한 현금 및 은행 잔고로 구성됩니다. 이들 자산의 장부금액은 공정가치와 거의 동일합니다. 연결현금흐름표에 표시된 보고기간말 현금및현금성자산은 위와 같이 연결보고위치의 관련 항목으로 조정될 수 있습니다.
비현금 거래
Additions to buildings, motor vehicles and equipment during the year amounting to £610k (2022: £233k) were financed by new leases.
9 자본금
발행 및 전액 지불 | ||||
2023 | 2022 | |||
번호 | £'000 | 번호 | £'000 | |
보통의 주식 of 25p 마다 |
|
| ||
At beginning and end of the year | 44,732,379 | 11,183 | 44,732,379 | 11,183 |
All 주식 있다 같은 투표 권리 와 가 are 아니 제한 on 전에, 분포 of 배당 or 반환 of 자본.
아니 주식 했다 할당 아래에 전에, 종업원 몫 선택권 계획들 ...동안 전에, 년.
2023 번호 | 2022 번호 | |
보유 주식 보유 | 26,809 | 26,809 |
소유 주식 are 개최 by a 전적으로 소유 자회사, K3 근무지에서 발생 Technology 그룹 관리위원회 기업 정보 제한된, as 보관 위원 of 전에, group's employee share ownership plan.
1,200,000 영장 for 보통주 주식 of 25p 했다 발행 on 31 삼월 2020 수행원 전에, 영수증 by 전에, 그룹 of £3,000,000 in shareholders loans. The warrants are split as follows:
- | CA Fastigheter AB | 300,000 |
- | Johannes Plan Fastigheter AB | 300,000 |
- | Kestrel Partners LLP discretionary clients | 600,000 |
XNUMXD덴탈의 영장 are 위에 보통주 주식 of 25p, are 양도 가능한 과 a 하다 가격 of 25p 와 만료 on 31 삼월 2030. At 30 십일월 2023 없음 of 이들 영장 했다 된 운동. On 7 XNUMX월 2021 전에, £3,000,000 주주 차관 였다 변환 에 equity with the issue of 1,785,714 nominal shares.
At 30 십일월 2023 (그리고 30 십일월 2022) 모든 세이 옵션 있다 지나간.
LTIP
K3 Business Technology Group plc operates an equity-settled share-based remuneration scheme for employees: the K3 Long Term Incentive Plan ("LTIP") for certain senior management including executive directors.
As at 30 십일월 2023, an 골재 of 437,500 (2022년: 1,675,000) LTIP 옵션 위에 보통주 주식 in 전에, 기업 정보 남은 in issue.
10 Notes to the strategic report
*1 Adjusted operating profit/(loss) - is the profit/(loss) from continuing activities adjusted to exclude exceptional impairment costs, exceptional re-organisation cost and exceptional acquisition costs/(income) and share-based payment charges/(credit).
*2 Recurring revenue - contracted support, maintenance and annual licence, as % of total revenue.
*3 K3 Products revenue as a percentage of total Group revenue.
*4 K3 Products gross profit as a percentage of total gross profit.
*5 Net debt comprises Bank Loans, Shareholder Loans and Overdrafts less Cash and cash equivalents, including Cash and cash equivalents held for sale. It excludes lease liabilities associated with Right-of-use assets under IFRS16.
*6 Adjusted loss/earnings per share - basic profit /(loss) per share from continuing operations adjusted to exclude exceptional impairment costs, exceptional re-organisation cost and exceptional acquisition costs/(income) and share-based payment charges/ (credit), net of the related tax charge.
*7 Adjusted administrative expense - administrative expenses adjusted to exclude exceptional impairment costs, exceptional re-organisation cost and exceptional acquisition costs/(income) and share-based payment charges/(credit).
*8 Free cash flow -Calculated as delta between cash and cash equivalents balances between two periods, excluding exchange gain/(loss) on cash and cash equivalents.
*9 Net cash -Calculated as cash and cash equivalents balances less bank borrowings.
11 Prior period adjustment
시 전에, year 전에, 회사의 이사 검토 전에, 신청 of IFRS 15 in 점 of 전에, 회사의 패션 와 Pebblestone revenue contracts. As a result of this review the Directors determined that IFRS 15 had been incorrectly applied when accounting for the Company's contracts with customers. The historical application had determined that there were multiple performance obligations within the contracts and revenue were recognised at specified milestones.
그러나, ...에 reassessment, it 였다 결정된 그 전에, 계약 영상을 지원 be 세분화 된 와 대표 단일 성능 obligation. The Directors determined that licences provided under these contracts are dependent on updates for ongoing functionality, therefore determined to recognise revenue based on time elapsed and thus rateably over the term of the contract.
XNUMXD덴탈의 오용 of IFRS 15 in 이전에 미문 지도 에 초기의 수익 와 비용 인식. XNUMXD덴탈의 정정 of 이 오류 영향을 금융 문 for 전에, 년 2020 을 통하여 2022. XNUMXD덴탈의 충격 of 이들 조정 for 이들 미문 are 상세한 아래.
The Group has corrected this error from 1 December 2020 which has resulted in adjustments to the amounts recognised in the Consolidated Financial Statements. In accordance with IAS 8, the Group has restated FY2022. The overall net impact of adjustments was a debit to retained earnings of £1.9 million as at 1 November 2022.
럭셔리 비교 가능성 목적, 전에, 수행원 테이블 제공 전에, 충격 of 전에, 수정 회계 정책 on 전에, 통합 잔액 시트 and Consolidated Income Statement for the year ended 30 November 2022 by showing what the results would have been had they been prepared under the previous accounting policies.
11 Prior period adjustment (continued)
통합 수입 성명서 | |||
| 보도 된 바와 같이 연말 11월 30 2022 | 조정하다- ment | 재 작성 연말 11월 30 2022 |
| £'000 | £'000 | £'000 |
수익 | 47,532 | (280) | 47,252 |
비용 판매 | (19,382) | - | (19,382) |
심한 이익 | 28,150 | (280) | 27,870 |
행정 경비 | (28,367) | - | (28,367) |
손상 사상자 수 on 금융 자산 | (102) | - | (102) |
조정 운영 이익/(손실) | (319) | (280) | (599) |
예외적 인 손상 | (1,603) | - | (1,603) |
예외적 인 개편 와 취득 비용 | (693) | - | (693) |
공유 기반 지불 요금 | (855) | - | (855) |
손실 운영 | (3,470) | (280) | (3,750) |
재무 비용 | (338) | - | (338) |
손실 전에 과세 에 지속 운영 | (3,808) | (280) | (4,088) |
부가세 비용 | (278) | 70 | (208) |
Loss after taxation from continuing 운영 | (4,086) | (210) | (4,296) |
이익 시간 내에 과세 에 중단 운영 | 108 | - | 108 |
손실 for 전에, year | (3,978) | (210) | (4,188) |
The adjustment of £0.3 million to revenue is due to change in revenue recognition in FY2023 (see note 11). FY2022 revenue would have been £0.3m lower if the change in accounting policy was applied in FY2022. The tax impact of this adjustment is £0.1 million.
11 Prior period adjustment (continued)
통합 재정상의 위치 | |||
| 보도 된 바와 같이 2022 | 조정 2022 | 재 작성 2022 |
| £'000 | £'000 | £'000 |
자산 | |||
비유류 자산 | |||
속성, 식물 와 장비 | 1,766 | - | 1,766 |
사용권 자산 | 801 | - | 801 |
친선 | 25,022 | - | 25,022 |
기타 무형자산 자산 | 3,394 | - | 3,394 |
연기 된 세 자산 | 855 | 696 | 1,551 |
금액 전류가 흐르지 않는 자산 | 31,838 | 696 | 32,534 |
Current 자산 | |||
재고 | 484 | - | 484 |
거래 와 other 채권 | 13,549 | (2,785) | 10,764 |
앞으로 통화 계약 | 110 | - | 110 |
현금 및 단기 매장 | 7,113 | - | 7,113 |
금액 current 자산 | 21,256 | (2,785) | 18,471 |
금액 자산 | 53,094 | (2,089) | 51,005 |
부채 | |||
비유류 부채 | |||
임대 부채 | 79 | - | 79 |
식량 | 179 | - | 179 |
연기 된 세 부채 | 1,119 | - | 1,119 |
금액 전류가 흐르지 않는 부채 | 1,377 | - | 1,377 |
Current 부채 | |||
거래 와 other 미지급금 | 16,882 | - | 16,882 |
현재 세금 부채 | 372 | - | 372 |
임대 부채 | 802 | - | 802 |
차입금 | 50 | - | 50 |
식량 | 968 | - | 968 |
금액 current 부채 | 19,074 | - | 19,074 |
금액 부채 | 20,451 | - | 20,451 |
주식 | |||
공유 자본 | 11,183 | - | 11,183 |
공유 프리미엄 계정 | 31,451 | - | 31,451 |
기타 준비금 | 11,151 | - | 11,151 |
번역 비축 | 1,607 | - | 1,607 |
누적 된 사상자 수 | (22,749) | (2,089) | (24,838) |
금액 공평 기여할 수있는 에 공평 홀더 of 전에, 부모의 | 32,643 | (2,089) | 30,554 |
금액 공평 와 부채 | 53,094 | (2,089) | 51,005 |
11 Prior period adjustment (continued)
통합 재정상의 위치 | |||
| 보도 된 바와 같이 2021 | 조정 2021 | 재 작성 2021 |
| £'000 | £'000 | £'000 |
자산 | |||
비유류 자산 | |||
속성, 식물 와 장비 | 1,551 | - | 1,551 |
사용권 자산 | 1,709 | - | 1,709 |
친선 | 24,772 | - | 24,772 |
기타 무형자산 자산 | 6,648 | - | 6,648 |
연기 된 세 자산 | 1,010 | 626 | 1,636 |
금액 전류가 흐르지 않는 자산 | 35,690 | 626 | 36,316 |
Current 자산 | |||
재고 | 467 | - | 467 |
거래 와 other 채권 | 10,605 | (2,505) | 8,100 |
앞으로 통화 계약 | - | - | - |
현금 및 단기 매장 | 9,146 | - | 9,146 |
금액 current 자산 | 20,218 | (2,505) | 17,713 |
금액 자산 | 55,908 | (1,879) | 54,029 |
부채 | |||
비유류 부채 | |||
임대 부채 | 135 | - | 135 |
식량 | 1,129 | - | 1,129 |
연기 된 세 부채 | 1,288 | - | 1,288 |
금액 전류가 흐르지 않는 부채 | 2,552 | - | 2,552 |
Current 부채 | |||
거래 와 other 미지급금 | 14,456 | - | 14,456 |
현재 세금 부채 | 509 | - | 509 |
임대 부채 | 1,623 | - | 1,623 |
차입금 | 113 | - | 113 |
식량 | 854 | - | 854 |
금액 current 부채 | 17,555 | - | 17,555 |
금액 부채 | 20,107 | - | 20,107 |
주식 | |||
공유 자본 | 11,183 | - | 11,183 |
공유 프리미엄 계정 | 31,451 | - | 31,451 |
기타 준비금 | 11,151 | - | 11,151 |
번역 비축 | 1,538 | - | 1,538 |
누적 된 사상자 수 | (19,522) | (1,879) | (21,401) |
금액 공평 기여할 수있는 에 공평 홀더 of 전에, 부모의 | 35,801 | (1,879) | 33,922 |
금액 공평 와 부채 | 55,908 | (1,879) | 54,029 |
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.