ZOO DIGITAL GROUP
CONSOLIDATED PROFIT AND LOSS ACCOUNT
 
YEAR ENDED 31 DECEMBER 2002
 
 
 2002 2001
 £'000 £'000
 
Turnover
Continuing operations 618 724
Acquisitions 1,264 -
  __________ __________
 1,882 724
 
Cost of sales
 (1,581) (199)
 
 __________ __________
Gross profit 301 525
Other operating income  40 -
Other operating expenses
- other (2,215) (2,426)
 
Loss before interest, tax, depreciation,  (1,874) (1,901)
amortisation and exceptional items
- depreciation (98) (238)
- amortisation of goodwill (403) (532)
- exceptional impairment charges - (5,553)
 __________ __________
  (2,716) (8,749)
 __________ __________
Operating loss
 
Continuing operations (2,307)  (8,224)
Acquisitions (68) -
 __________ __________
  (2,375) (8,224)
 
Costs of fundamental reorganisation - (972)
Investment income 35 233
  __________ __________
Loss on ordinary activities before taxation (2,340) (8,963)
Tax on loss on ordinary activities  134 -
 __________ __________
Retained loss for the financial year (2,206) (8,963)
  __________ __________
 
 
Loss per share
Basic (1.46p) (8.15p)
Diluted  (1.46p) (8.15p)
 __________ __________
 
 
 
CONSOLIDATED STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
 
 
 
 
  2002 2001
 £'000
 £'000
Loss for the financial year (2,206) (8,963)
Currency (loss)/gain on net overseas investment (6) 34
 __________ __________
Total gains and losses recognised during the year (2,212) (8,929)
 __________ __________
 
 
 
 
 
CONSOLIDATED BALANCE SHEET
 
YEAR ENDED 31 DECEMBER 2002
 
 
 
 
 2002 2001
 £'000 £'000
Fixed assets
Intangible assets 3,756 3,043
Tangible assets 210 241
Other investments  228 228
 __________ __________
 4,194 3,512
  __________ __________
Current assets
Stock 363 -
Debtors  1,435 144
Cash at bank and in hand 1,306 3,323
 __________ __________
  3,104 3,467
Creditors: Amounts falling due within one year (2,595) (890)
 __________ __________
Net current assets 509 2,577
 __________ __________
Total assets less current liabilities 4,703 6,089
Creditors: Amounts falling due after more than one year (757) (763)
 __________ __________
Net assets 3,946 5,326
 __________ __________
 
Capital and reserves
Called-up share capital  315 278
Share premium account 11,961 11,166
Other reserves 8,598  8,598
Profit and loss account (16,928) (14,716)
 __________ __________
Shareholders' funds (all equity)  3,946 5,326
 __________ __________
 
 
 
CONSOLIDATED CASH FLOW STATEMENT
 
FOR THE YEAR ENDED 31 DECEMBER 2002
 
 
  2002 2001
 
 £'000 £'000
 
Net cash outflow from operating activities (2,583) (3,625)
Returns on investments and servicing of finance 66 233
Capital expenditure and financial investment (45) (199)
Acquisitions and disposals  (6) (736)
 __________ __________
Cash outflow before financing (2,568) (4,327)
 
Financing 551 812
 __________ __________
Decrease in cash in the year  (2,017) (3,515)
 __________ __________