ebookers plc
CONSOLIDATED QUARTERLY PROFIT AND LOSS ACCOUNT Quarter Quarter Quarter
UNAUDITED Ended Ended ended
30-Sep-04 30-Sep-03 30-Jun-04
[Prepared in accordance with UK GAAP] £'000 £'000 £'000
(restated
- note 5)
Gross Sales 159,149 144,928 135,568
Turnover before exceptional item 20,050 18,089 17,299
Exceptional item (note 3) - - (844)
Turnover 20,050 18,089 16,455
Gross margin before exceptional item 12.6% 12.5% 12.8%
Distribution costs:
Sales and marketing (10,063) (8,814) (9,247)
Administrative expenses:
Technology costs (1,208) (1,231) (1,314)
General administrative expenses (5,853) (6,782) (6,636)
Depreciation (1,415) (869) (1,353)
Stock compensation credit (cost) 59 (358) (103)
Amortisation of goodwill (1,927) (2,257) (1,961)
Exceptional items (note 3) (1,493) (993) (2,341)
Total administrative expenses (11,837) (12,490) (13,708)
Total operating expenses (21,900) (21,304) (22,955)
Operating loss (1,850) (3,215) (6,500)
Exceptional profit on disposal of business - - 113
Finance charges (net) (76) 44 (42)
Loss on ordinary activities before taxation (1,926) (3,171) (6,429)
Tax charge on loss on ordinary activities (91) (14) (66)
Loss on ordinary activities after taxation
for the financial period (2,017) (3,185) (6,495)
Equity minority interests (10) - (8)
Retained loss for the financial period transferred (2,027) (3,185) (6,503)
from reserves
Weighted basic average number of shares (in 65,089 64,293 64,984
thousands)
Weighted diluted average number of shares (in 65,089 64,293 64,984
thousands)
Basic and diluted profit (loss) per share (3.11)p (4.95)p (10.01)p
CONSOLIDATED BALANCE SHEET 30-Sep-04 30-Sep-03 30-Jun-04
UNAUDITED £'000 £'000 £'000
(restated
- note 5)
[Prepared in accordance with UK GAAP]
FIXED ASSETS
Intangible assets 44,752 53,463 46,676
Tangible assets 15,252 11,486 15,867
60,004 64,949 62,543
CURRENT ASSETS
Debtors 15,020 18,824 14,084
Cash at bank and in hand 56,694 65,007 49,507
71,714 83,831 63,591
CREDITORS: amounts falling due within one year
Interest bearing debt (5,168) (2,160) (5,163)
Trade and other (71,012) (84,479) (61,169)
(76,180) (86,639) (66,332)
NET CURRENT LIABILITIES (4,466) (2,808) (2,741)
TOTAL ASSETS LESS CURRENT LIABILITIES 55,538 62,141 59,802
CREDITORS: amounts falling due after more than one
year
Interest bearing debt (12,940) (13,059) (15,170)
Trade and other (426) (2,029) (426)
(13,366) (15,088) (15,596)
PROVISIONS FOR LIABILITIES AND CHARGES (1,855) (2,659) (2,093)
NET ASSETS 40,317 44,394 42,113
CAPITAL AND RESERVES
Called up share capital 9,113 9,028 9,103
Share premium account 115,722 114,151 115,581
Merger reserve 2,194 2,194 2,194
Shares to be issued 17,607 17,475 17,687
Profit and loss account (104,480) (98,454) (102,603)
EQUITY SHAREHOLDERS' FUNDS 40,156 44,394 41,962
Equity minority interests 161 - 151
TOTAL CAPITAL EMPLOYED 40,317 44,394 42,113
CONSOLIDATED CASHFLOW STATEMENT Quarter Quarter Quarter
UNAUDITED Ended Ended ended
30-Sep-04 30-Sep-03 30-Jun-04
[Prepared in accordance with UK GAAP] £'000 £'000 £'000
(restated
- note 5)
Net cash inflow (outflow) from operating activities 10,544 9,535 (1,106)
(note 2)
Returns on investment and servicing of finance
Interest received 374 340 332
Interest paid (450) (247) (385)
Net cash flow from returns on investment and (76) 93 (53)
servicing of finance
Overseas tax paid (53) (14) (20)
Capital expenditure and financial investment
Payments to acquire tangible fixed assets (1,220) (1,867) (1,116)
Proceeds from sale of tangible fixed assets 13 500 141
Net cash flow from capital expenditure and (1,207) (1,367) (975)
financial investment
Disposals
Proceeds from sale of business - - 179
- - 179
Net cash inflow (outflow) before financing 9,208 8,247 (1,975)
Financing
Issue of ordinary shares net of expenses 140 1,089 86
Capital element of finance lease repayments (217) (26) (180)
Loan repaid (1,944) - (75)
Loan received net of expenses - - 334
Net cash flow from financing (2,021) 1,063 165
Increase/(decrease) in cash in the period 7,187 9,310 (1,810)