Half Yearly Report -2-
February 22 2011 - 2:00AM
UK Regulatory
UNAUDITED CONSOLIDATED CASH FLOW STATEMENT
6 months 6 months
to to Year to
30 November 30 November 31 May
2010 2009 2010
GBP'000 GBP'000 GBP'000
Cash flows from operating
activities
(Loss)/profit before tax (118) 37 (250)
Adjustments for:
Finance charges 4 - (4)
Depreciation and
amortisation 188 212 439
Foreign exchange
difference (13) - 28
Decrease/(increase) in
inventories 200 122 34
Decrease/(increase) in
trade receivables 559 396 130
Decrease in other
receivables 26 49 53
(Decrease)/increase in
trade payables (35) (33) 214
Decrease in other payables (225) (386) (284)
-------------- -------------- --------------
Net cash generated from
operating activities 586 397 360
-------------- -------------- --------------
Cash flows from investing
activities
Interest received - - 5
Purchase of tangible fixed
assets (35) (21) (122)
Purchase of intangible
assets (193) (225) (486)
-------------- -------------- --------------
Net cash used in investing
activities (228) (246) (603)
-------------- -------------- --------------
Cash flows from financing
activities
Interest paid (4) - (1)
-------------- -------------- --------------
Net cash generated from
financing activities (4) - (1)
-------------- -------------- --------------
Net movement in cash and
cash equivalents 354 151 (244)
Cash and cash equivalents
at beginning of period 25 269 269
-------------- -------------- --------------
Cash and cash equivalents
at end of period 379 420 25
======= ======= =======
NOTES TO THE UNAUDITED INTERIM REPORT
1. BASES OF PREPARATION
The consolidated interim financial statements have been prepared
in accordance with the recognition and measurement principles
of International Financial Reporting Standards as endorsed
by the European Union ("IFRS") and expected to be effective
at the year end of 31 May 2011. The accounting policies are
unchanged from the financial statements for the year ended
31 May 2010.
The information set out in this interim report for the six
months ended 30 November 2010 does not comprise statutory
accounts within the meaning of section 434 of The Companies
Act 2006. The results for the period ended 31 May 2010 are
based on the published accounts for that period on which
the auditors gave a report which did not contain statements
under section 498 of the Companies Act 2006. The accounts
for the period ended 31 May 2010 have been filed with the
Registrar of Companies.
This interim report was approved by the directors on 17 February
2011.
2. EARNINGS PER SHARE
The earnings per share for the six months ended 30 November
2010 is based on the Group loss on ordinary activities after
taxation of GBP136,000 (2009: profit GBP25,000) attributed
to the weighted average of 109,146,176 Ordinary Shares (2009:
109,146,746), being the weighted average number of shares
in issue.
INDEPENDENT REVIEW REPORT TO FEEDBACK PLC
Introduction
We have been engaged by the Company to review the condensed set
of financial statements in the interim financial report for the six
months ended 30 November 2010 which comprises the Consolidated
Income Statement, the Consolidated Statement of Total Recognised
Income and Expense, the Consolidated Balance Sheet, the
Consolidated Cash Flow Statement and the Notes to the Unaudited
Interim Report. We have read the other information contained in the
interim financial report and considered whether it contains any
apparent misstatements or material inconsistencies with the
information in the condensed set of financial statements.
This report, including the conclusion, has been prepared for and
only for the Company for the purpose of meeting the requirements of
the AIM Rules for Companies and for no other purpose. We do not,
therefore, in producing this report, accept or assume
responsibility for any other purpose or to any other person to whom
this report is shown or into whose hands it may come save where
expressly agreed by our prior consent in writing.
Directors' Responsibilities
The interim financial report, is the responsibility of, and has
been approved by the directors. The directors are responsible for
preparing and presenting the interim financial report in accordance
with the AIM Rules for Companies.
As disclosed in note 1, the annual financial statements of the
Group are prepared in accordance with International Financial
Reporting Standards and International Financial Reporting
Interpretations Committee ("IFRIC") pronouncements as adopted by
the European Union. The condensed set of financial statements
included in this interim financial report has been prepared in
accordance with the measurement and recognition criteria of
International Financial Reporting Standards and International
Financial Reporting Interpretations Committee ("IFRIC")
pronouncements, as adopted by the European Union.
Our Responsibility
Our responsibility is to express to the Group a conclusion on
the condensed set of financial statements in the interim financial
report based on our review.
Scope of Review
We conducted our review in accordance with International
Standard on Review Engagements (UK and Ireland) 2410, "Review of
Interim Financial Information Performed by the Independent Auditor
of the Entity" issued by the Auditing Practices Board for use in
the United Kingdom. A review of interim financial information
consists of making enquiries, primarily of persons responsible for
financial and accounting matters, and applying analytical and other
review procedures. A review is substantially less in scope than an
audit conducted in accordance with International Standards on
Auditing (UK and Ireland) and consequently does not enable us to
obtain assurance that we would become aware of all significant
matters that might be identified in an audit. Accordingly, we do
not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that
causes us to believe that the condensed set of financial statements
in the interim financial report for the six months ended 30
November 2010 is not prepared, in all material respects, in
accordance with the measurement and recognition criteria of
International Financial Reporting Standards and International
Financial Reporting Interpretations Committee ("IFRIC")
pronouncements as adopted by the European Union, and the AIM Rules
for Companies.
haysmacintyre
Chartered Accountants
Fairfax House
15 Fulwood Place
London
WC1V 6AY
21(st) February 2011
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR TTMRTMBATMBB
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