﻿<?xml version="1.0" encoding="utf-8"?><rss version="2.0"><channel><title>MediaCorp Plc - Press</title><link>http://www.mediacorpplc.com</link><description>Media Corp is a leading internet media and advertising company focused on search, publishing and media sales.</description><language>en-gb</language><pubDate>Mon, 30 Jan 2012 17:08:00 GMT</pubDate><lastBuildDate>Mon, 30 Jan 2012 17:08:00 GMT</lastBuildDate><generator>MDC RSS Generator</generator><docs>http://blogs.law.harvard.edu/tech/rss</docs><copyright>MediaCorp Plc, 2012</copyright><item><title>Publication of Report and Accounts and Notice of AGM - Replacement</title><description><![CDATA[<body> <p> </p> <p> The following replaces the announcement released on 30 January 2012 (under RNS number 130005738). </p> <p> The change to the announcement is that the AGM date should be <b>Thursday 16th February 2012</b> and not Monday 16<sup>th</sup> February 2012 as previously stated. </p> <p> The full text of the amended announcement can be read below. </p> <p> </p> <p> <b>30th January 2012</b> </p> <p class="bwalignc"> <b>Media Corporation Plc </b><br></br>("<b>Media Corp</b>" or the "<b>Group</b>") </p> <p class="bwalignc"> <b>Publication of Report and Accounts and Notice of AGM</b> </p> <p> Media Corporation plc last week published its Annual Report and Accounts for the year ended 30 September 2011 and Notice of Annual General Meeting, for the meeting scheduled to take place on Thursday 16<sup>th</sup> February 2012 at 11.00 a.m. at the offices of Northland Capital Partners Limited, 60 Gresham Street, London, EC2V 7BB. </p> <p> These documents have been distributed to shareholders. Both documents are now available from the Company's website, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50149768&lan=en-US&anchor=www.mediacorpplc.com&index=1&md5=80b93c242bf9090c3c8454ed870a966b">www.mediacorpplc.com</a> </p> <p class="bwalignc"> --ENDS-- </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Media Corporation Plc</b> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Northland Capital Partners Limited</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>XCAP Securities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> John Grant / Karen Kelly (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=50149768&lan=en-US&anchor=www.purplelounge.com&index=2&md5=7508259e9f321df81f24b18ded99fc3e">www.purplelounge.com</a> a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=50149768&lan=en-US&anchor=www.eyeconomy.co.uk&index=3&md5=90d6256b81383ab598ac4ff13e22e77f">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50149768&lan=en-US&anchor=www.mediacorpplc.com&index=4&md5=26fd1840fb5882e1b82313ff8f3323eb">www.mediacorpplc.com</a> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20120130006091r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2012</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=19843338</link><pubDate>Mon, 30 Jan 2012 17:08:00 GMT</pubDate></item><item><title>Publication of Report and Accounts and Notice of AGM</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignc"> Media Corporation Plc<br></br>("Media Corp" or the "Group") </p> <p class="bwalignc"> Publication of Report and Accounts and Notice of AGM </p> <p> Media Corporation plc last week published its Annual Report and Accounts for the year ended 30 September 2011 and Notice of Annual General Meeting, for the meeting scheduled to take place on Monday 16<sup>th</sup> February 2012 at 11.00 a.m. at the offices of Northland Capital Partners Limited, 60 Gresham Street, London, EC2V 7BB. </p> <p> These documents have been distributed to shareholders. Both documents are now available from the Company's website, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50149415&lan=en-US&anchor=www.mediacorpplc.com&index=1&md5=07ac803e391923e467f577c3fafe42d1">www.mediacorpplc.com</a> </p> <p class="bwalignc"> --ENDS-- </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Media Corporation Plc</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Northland Capital Partners Limited</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>XCAP Securities</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> John Grant / Karen Kelly (Joint Broker) </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=50149415&lan=en-US&anchor=www.purplelounge.com&index=2&md5=85f16e9f42a22c5b7fd173b7f0888195">www.purplelounge.com</a> a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=50149415&lan=en-US&anchor=www.eyeconomy.co.uk&index=3&md5=cb7f44749bfae2a0cf5911c91373c92d">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50149415&lan=en-US&anchor=www.mediacorpplc.com&index=4&md5=51af9c335bdf6c8d184ca38ae592a089">www.mediacorpplc.com</a> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20120130005738r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2012</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=19842558</link><pubDate>Mon, 30 Jan 2012 13:07:00 GMT</pubDate></item><item><title>Joint venture with the Hippodrome Casino ("Hippodrome") and placing of 32,400,000 shares at a price of 1.1p per share</title><description><![CDATA[<body> <p> </p> <p> 26th January 2012 </p> <p class="bwalignc"> Media Corporation Plc<br></br>("Media Corp" or the "Group") </p> <p class="bwalignc"> <b>Joint venture with the Hippodrome Casino ("Hippodrome") and placing of</b> <b>32,400,000 shares at a price of 1.1p per share</b> </p> <p> <b>Media Corp to provide online gaming to the new Hippodrome Casino</b> </p> <p> Media Corp, a leading gaming and advertising Group, is pleased to announce that it has today signed a contract with the Hippodrome, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.hippodromecasino.com&esheet=50145739&lan=en-US&anchor=www.hippodromecasino.com&index=1&md5=3ae444acf0a3749fd957e65b6a8fcbcf">www.hippodromecasino.com</a> to provide a suite of online gaming products, including online casino and poker games to the soon to be launched Hippodrome Casino. The Hippodrome Casino is a £40 million redevelopment of an iconic and historic venue to create a 90,000 square foot "international style casino" in the heart of London's West End. The new venue will have three gaming floors, a restaurant run by the One Group, 5 bars, a 2 tier smoking terrace and poker room as well as a 200 seat cabaret theatre and is anticipated to receive approximately 1 million visitors in its first year of operation. </p> <p> The joint online venture which is on a revenue sharing basis is forecast to generate approximately 100,000 new customers per annum. Cash deposits in the first year of the contract are forecast to be circa £12 million in the first 12 months from launch on April 1<sup>st</sup> 2012. </p> <p> The contract stipulates that Media Corp will provide a Hippodrome Casino branded online offering initially providing an online casino and poker. Further gaming products including Sports betting and Bingo will be added through the course of the year. Media Corp will maintain the software, all financial transactions and 24/7 customer support for the new venture. In addition, Hippodrome Casino customers will be able to make cash deposits and withdrawals from their online accounts through the actual Casino venue and the Directors believe this is a unique service in the UK casino market. </p> <p> The new service will be heavily promoted by the Hippodrome Casino across a wide range of the Media, which will include outdoor, television and printed Media. In addition, there will on-site promotional vouchers and media at the physical casino offering extensive promotions to sign up and play online, and the casino will host off line finals for the online tournaments and offer a clubhouse for online customers. </p> <p> In addition, the Company is also pleased to announce the placing of 32,400,000 ordinary shares of 1p shares at a price of 1.1p per share (the "Placing") raising a total of £356,400. The proceeds of this will be used to fund the initial set up costs of the Hippodrome Casino joint venture. </p> <p> Included in the above placing, Justin Drummond, CEO of Media Corporation Plc acquired 2,400,000 Ordinary 1 Pence shares at 1.1p per share. Following the Placing Justin Drummond will have the following interest in the Company. </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Director </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> Total number <p class="bwcellpmargin"> of shares </p> <p class="bwcellpmargin"> held </p> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> Percentage of <p class="bwcellpmargin"> issued share </p> <p class="bwcellpmargin"> capital held </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond, CEO *** </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 26,903,907 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 7.55% </td> </tr> </table> <p> <i>***Justin Drummond's holding comprises a direct holding of 24,117,241 ordinary shares and an indirect holding of 2,786,666 ordinary shares held by his wife</i> </p> <p> F<i>ollowing the issue of the new ordinary shares, the enlarged issued ordinary share capital of the Company is 356,516,039 ordinary shares of 1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.</i> </p> <p> Application will be made for the Placing shares to be admitted to trading on AIM. It is expected that Admission will be effective and that dealing in the shares will commence on 31 January 2012. </p> <p> Justin Drummond, CEO, Media Corporation plc, commented: </p> <p> <i>"This is a major deal for Media Corp, which will see the scale of Media Corp's online gaming business grow enormously. Whilst we already have a sizeable business in online poker, growth of our online casino business has been a particular focus for the Group. The deal will major step change for Media Corp as we build a significant presence in the UK and international online gaming market</i>. <i>The Board is also delighted that the placing to the maximum amount of the share authority was oversubscribed, demonstrating the belief that investors have in our continued growth."</i> </p> <p> Simon Thomas, Chairman, Hippodrome Casino: </p> <p> "We are very excited about working with Media Corporation. We are creating something special with the Hippodrome that should start a new era in gambling led entertainment in the UK. We needed an online partner that was doing something special with online casinos, who reflected our standards and desire to do the basics superbly, but add a layer of fun and flair and we are proud to have Media Corporation as our online partner. Together we should be able to create something larger than the sum of the parts and give a new dimension to both businesses." </p> <p class="bwalignc"> --ENDS-- </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Media Corporation Plc</b> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Northland Capital Partners Limited</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>XCAP Securities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> John Grant / Karen Kelly (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=50145739&lan=en-US&anchor=www.purplelounge.com&index=2&md5=8695fcba94199009630e72eee7112571">www.purplelounge.com</a> a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=50145739&lan=en-US&anchor=www.eyeconomy.co.uk&index=3&md5=ac4d9d9ad8573c171fbb6e228a1f9267">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50145739&lan=en-US&anchor=www.mediacorpplc.com&index=4&md5=64724158d7e2f1326e55badef5c3b75e">www.mediacorpplc.com</a> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20120125006406r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2012</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=19834188</link><pubDate>Thu, 26 Jan 2012 07:00:00 GMT</pubDate></item><item><title>Change of Registered Office</title><description><![CDATA[<body> <p> </p> <p> 23 January 2012 </p> <p class="bwalignc"> <b>Media Corporation Plc</b> </p> <p class="bwalignc"> <b>("Media Corp" or the "Group")</b> </p> <p class="bwalignc"> Change of Registered Address </p> <p> Media Corp, a leading advertising network and online gaming Group is pleased to announce that it has changed its registered office to No1 Poultry, London EC2R 8JR with immediate effect. </p> <p class="bwalignc"> --ENDS-- </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Media Corporation Plc</b> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Northland Capital Partners Limited</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>XCAP Securities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> John Grant / Karen Kelly (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> mediacorp@bishopsgatecommunications.com </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://www.purplelounge.com">www.purplelounge.com</a> a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=50140521&lan=en-US&anchor=www.eyeconomy.co.uk&index=1&md5=6ee1f6a0de3167a9e3ba0eb58f8e6a08">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50140521&lan=en-US&anchor=www.mediacorpplc.com&index=2&md5=b9601cc2b783ac0aff9969963676288f">www.mediacorpplc.com</a> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20120122005010r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2012</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=19825555</link><pubDate>Mon, 23 Jan 2012 07:00:00 GMT</pubDate></item><item><title>Launch of Forexspace.com</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignr"> <b>18th January 2012</b> </p> <p class="bwalignc"> <b>Media Corporation Plc</b> </p> <p class="bwalignc"> <b>("Media Corp" or the "Group")</b> </p> <p class="bwalignc"> <b>Launch of Forexspace.com</b> </p> <p> <b>Media Corp's wholly owned subsidiary, Eyeconomy Limited ("Eyeconomy"), launches Forexspace.com to further capitalise on the huge demand for Foreign Exchange ("Forex") related advertising.</b> </p> <p> Media Corp, a leading advertising network and online gaming Group, is pleased to announce that its wholly owned subsidiary, Eyeconomy, the online advertising solutions provider, has today launched <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.forexspace.com&esheet=50136265&lan=en-US&anchor=www.forexspace.com&index=1&md5=b246399ddc7d33342af9ca560219e045">www.forexspace.com</a>, to further capitalise on the huge demand for Forex trading based online advertising that Eyeconomy has seen during the past year. The website will launch with an initial advertising sponsorship contract worth £45,000 per month and, in addition, Eyeconomy is in advanced talks with a number of further advertisers to generate additional revenues for the site. The site was developed within the existing cost base and team and will be immediately cash generative for Eyeconomy. </p> <p> Forexspace.com is a new Forex portal that offers all Forex content including live charts, technological and fundamental analysis on real time quotes. In addition, the site will offer users e-books, webinars, charts, economic calendar, tools and daily articles that can be used to follow all the processes of daily trading. </p> <p> The site aims to build a Forex based community where people can share their own personal trading techniques. Expert analysts and traders will provide professional advice and their own view about market trends and the impact of economic news. Impartially reviewed and vetted online trading platforms will also be available to improve trading performance. </p> <p> This is part of Eyeconomy's continued goal to grow its site representation division, through exclusive deals and ownership of sites that significantly increase its market reach. This division of Media Corp was significantly enhanced in June 2011 with the addition of the site representation contract with Digital Sports Group ("DSG") the owner a network of over 50 leading websites; including football.co.uk, cricket.co.uk, tennis.co.uk, boxing.co.uk, golf.co.uk and motorsport.co.uk. In addition, DSG owns the <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.footymad.net&esheet=50136265&lan=en-US&anchor=www.footymad.net&index=2&md5=49fcffe6571254dd4fe036c52e2bfe0a">www.footymad.net</a>, a leading fan based website. The combined monthly traffic generated by DSG is 6 million unique users and 150 million page impressions, which doubled the size of Eyeconomy's exclusive banner advertising network and has been earnings enhancing from the commencement of the contract on 1st August 2011. </p> <p> Justin Drummond, CEO, Media Corporation plc, commented: </p> <p> <i>"</i>2011 was a fantastic year for Eyeconomy with revenues rising to £7.3 million and a return to profitability. The launch of <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.forexspace.com&esheet=50136265&lan=en-US&anchor=www.forexspace.com&index=3&md5=e5751d81f056660a6168b54ba35b1b95">www.forexspace.com</a> resulted from huge demand from Forex related advertisers and the need for more impartial Forex related destination websites for traders and consumers. We are aggressively expanding Eyeconomy and will look to sign more exclusive partnerships with publishers as we seek to expand the size and scope of the Eyeconomy advertising network". </p> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=50136265&lan=en-US&anchor=www.purplelounge.com&index=4&md5=d9898d08e51e7e7f69dfdaeff9c02cf5">www.purplelounge.com</a> a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=50136265&lan=en-US&anchor=www.eyeconomy.co.uk&index=5&md5=221bab667bb9046cb6e8a1e3e69f1c51">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50136265&lan=en-US&anchor=www.mediacorpplc.com&index=6&md5=9ac06d12926b265d0dcbd08c50cbca93">www.mediacorpplc.com</a> </p> <p> <b>Media Corporation Plc</b><br></br>Justin Drummond, +44 20 7618 9000<br></br><i>CEO</i><br></br>or<br></br>Nilesh Jagatia, +44 20 7618 9000<br></br><i>Group Finance Director</i><br></br>or<br></br><b>Northland Capital Partners Limited</b><br></br>Luke Cairns / Rod Venables, + 44 20 7796 8800<br></br><i>Nomad</i><br></br>or<br></br>Katie Shelton, + 44 20 7796 8800<br></br><i>Joint Broker</i><br></br>or<br></br><b>XCAP Securities</b><br></br>John Grant/Karen Kelly, + 44 207 101 7070<br></br><i>Joint Broker</i><br></br>or<br></br><b>Bishopsgate Communications</b><br></br>Deepali Schneider/Natalie Quinn, + 44 20 7562 3350<br></br><a href="mailto:mediacorp@bishopsgatecommunications.com"><span class="bwuline">mediacorp@bishopsgatecommunications.com</span></a> </p> <p> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20120117006973r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2012</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=19639426</link><pubDate>Wed, 18 Jan 2012 07:00:00 GMT</pubDate></item><item><title>Annual Financial Report</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignr"> <b>17 January 2012</b> </p> <p class="bwalignc"> <b>Media Corporation plc</b> </p> <p class="bwalignc"> <b>("Media Corp" or the "Group")</b> </p> <p class="bwalignc"> <b>Final Results for the Year Ended 30 September 2011</b> </p> <p> Media Corporation plc, a leading AIM quoted media and online gaming group, is pleased to announce its audited results for the year ended 30 September 2011. </p> <p> <b>Highlights</b> </p> <p> <b>Financial highlights</b> </p> <ul> <li class="bwlistitemmargb"> Group Revenue of £35m ( 2010: £ 24m) an increase of 46% </li> <li class="bwlistitemmargb"> Gross Profit of £5.7m (2010: £5m) an increase of 14% </li> <li class="bwlistitemmargb"> Operating loss before exceptional costs £1.38m (2010:£1.40m) </li> <li class="bwlistitemmargb"> Exceptional costs of £1.4m, resulting in an operating loss of £2.9m (2010: £1.4m) </li> <li class="bwlistitemmargb"> Adjusted EBITDA * Loss £0.98m ( 2010: Loss £1.20m) </li> <li class="bwlistitemmargb"> Cash Balances at the year-end of £2m (2010: £2.2m) </li> <li class="bwlistitemmargb"> Wholly owned subsidiary Purple Lounge revenues of £27.5 million (2010: £21.3 million) an increase of 29% </li> <li class="bwlistitemmargb"> Wholly owned subsidiary Eyeconomy revenues of £7.3 million (2010: £2.8 million) an increase of 160% </li> </ul> <p> *"Adjusted EBITDA" (Adjusted net income before interest income, exceptional costs, provision for income taxes expense, depreciation and amortization and gaming software levy) </p> <p> <b>Operational highlights</b> </p> <ul> <li class="bwlistitemmargb"> Purple Lounge achieved significant revenue growth during the year with registered customer numbers reaching 120,000 (2010: 100,000) by the year end </li> <li class="bwlistitemmargb"> Eyeconomy signed a partnership deal with Digital Sports Group adding a further 150 million monthly impressions and doubled the scale of Eyeconomy's exclusive site representation business from August 2011 </li> <li class="bwlistitemmargb"> Eyeconomy signed an extension to its contract with Express Newspapers in December 2011 </li> <li class="bwlistitemmargb"> The sale of Gambling.com and Sport.co.uk for £1.5m net during the financial year </li> </ul> <p> The Directors continue to consider appropriate bolt on, profitable and cash generative acquisitions, particularly in the online gaming arena. </p> <p> Commenting on the results, Justin Drummond, Chief Executive, of Media Corp, commented: </p> <p> "This is another year of impressive growth for Media Corp, where the Group has made progress across all of its key financial metrics. The Group's wholly owned subsidiaries, Purple Lounge and Eyeconomy have made considerable progress during the year, with Purple Lounge adding 20,000 new customers and Eyeconomy achieving a number of new client wins and supplier contracts. The Group will continue to pursue organic growth and seek further earnings enhancing acquisitions during the 2012 financial year" </p> <p> The full report and accounts for the period ended 30 September 2011 together with the notice of annual general meeting (to be held 11am on 16 February 2012 at the offices of Northland Capital Partners Limited, 60 Gresham Street, London, EC2V 7BB) will be forwarded to the registered shareholders of the Company. A further announcement will be made when the report and accounts has been posted. </p> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=50134361&lan=en-US&anchor=www.purplelounge.com&index=1&md5=4daf9f03389317cd19517105205742b5">www.purplelounge.com</a> a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=50134361&lan=en-US&anchor=www.eyeconomy.co.uk&index=2&md5=7b346619156a5ce7d7fad89462b8906d">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50134361&lan=en-US&anchor=www.mediacorpplc.com&index=3&md5=b58a7f2b2a89b49b6c81c849a68f62ec">www.mediacorpplc.com</a> </p> <p> <b>Chairman's Statement</b> </p> <p> The Group grew revenues considerably during 2011, and continues the stated aim of restoring profitability. Eyeconomy, the Group's wholly owned advertising network had an excellent year with record revenues and returned to profitability. Purple Lounge has demonstrated significant growth in both revenues and player numbers. </p> <p> The Group operating loss includes £0.225m increased costs in relation to some of its software suppliers/ gaming levy; these costs will reduce substantially in the next financial year. </p> <p> As announced during the year, the Group successfully completed the sale of some of underperforming publishing assets, namely Gambling.com and Sport.co.uk for a net amount of £1.5million. Both of these businesses had been loss making for some time and the completion of the sales will reduce costs going forward and contribute to a return to profitability for the Group. </p> <p> During the current financial year there has, overall, been a marked improvement in both Company specific and wider market conditions and in particular we have benefited from a very strong performance from Eyeconomy. We continue to feel very positive about the outlook and we look forward to providing further updates during the course of the year. </p> <p> Jason Drummond </p> <p> 16 January 2012 </p> <p> <b>Business review for the year ended 30 September 2011</b> </p> <p> Throughout 2011, Media Corporation continued consolidating its on-going strategy of investing in the Group's growth and streamlined costs within the business. This investment resulted in revenue growth and more efficient operations with a significantly reduced cost base during the financial year. </p> <p> The Group now has three principal divisions: Internet Gaming, Advertising Network and Internet Publishing: </p> <p> <b>Internet Gaming</b> </p> <p> Purple Lounge is an internet gaming company which was established in 2005 with a gaming licence in Malta. Purple Lounge was acquired during the 2010 financial year and the Group used its in-depth expertise in developing and monetising the brand which offers poker, card and casino games. </p> <p> <b>Advertising Network</b> </p> <p> The Advertising Network business, Eyeconomy, was established in 1996 and is a separate operating division of Media Corporation. Eyeconomy specialises in online media planning as well as buying and managing online media campaigns for clients including AOL, Dell, T-Mobile and American Express. </p> <p> The division currently: </p> <ul> <li class="bwlistitemmargb"> produces dynamic and engaging online advertising solutions and has recently launched a new online advertising division </li> <li class="bwlistitemmargb"> offers clients access to 50 million unique users every month, from over 850 quality host sites in all major channels including Finance, Travel, Motors, Sport, Male/Female, Student/Youth, Property, Entertainment, Film, Music and TV, Mobile/Gadget and Recruitment </li> <li class="bwlistitemmargb"> produces in-house creative media </li> <li class="bwlistitemmargb"> boasts a brand team whose successful contract wins include the Express Newspaper Group </li> <li class="bwlistitemmargb"> is seeing strong ROI on an increasing market presence </li> </ul> <p> <b>Internet Publishing</b> </p> <p> Media Corporation has a diverse publishing division specialising in premium destinations and portals. </p> <p> Our impressive portfolio of websites includes a number of market-leading sites including Onthebox.com (UK's definitive TV listings and entertainment guide with over 2 million unique visitors per month, Flightcomparison.co.uk (a leading flight booking portal and Creditcardexpert.co.uk (a credit card comparison website). </p> <p> <b>Financial Overview</b> </p> <p> The audited results for the year ended 30 September 2011 show increased revenues in line with the Company's growth strategy, with total Group revenues £35.1m (2010: £24.3m)<b>. </b>The gross profit increased by 14% to £5.7m (2010: £5m) and the cash at the end of the financial year was £2m (2010:£2.2m). The operating loss includes £0.225m increased costs in relation to some of its software suppliers/ gaming levy; these costs will reduce substantially in the next financial year. The exceptional losses, as previously communicated in April 2011 were primarily down to the sale of gambling.com, a non-cash item relating to the write-down of goodwill. </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> <p class="bwcellpmargin"> <b>Key Performance Indicators</b><br></br><b>(KPI's)</b> </p> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> <b>FY2011</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> <b>FY2010</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom" rowspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom" rowspan="2"> <p class="bwcellpmargin"> £million </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom" rowspan="2"> <p class="bwcellpmargin"> £million </p> </td> </tr> <tr> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> <p class="bwcellpmargin"> Revenue - Continuing<br></br>Operations </p> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 35.1 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 3.0 </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> <p class="bwcellpmargin"> Revenue - Acquired<br></br>Operations </p> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 21.3 </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> <b>Total Revenue</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>35.1</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>24.3</b> </td> </tr> <tr> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Gross Profit </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 5.7 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 5.0 </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> <p class="bwcellpmargin"> Operating Loss <span class="bwuline">before</span> exceptional costs </p> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (1.4) </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (1.4) </td> </tr> <tr> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignt bwsinglebottom"> <p class="bwcellpmargin"> Operating Loss <span class="bwuline">after</span> exceptional costs** </p> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (2.9) </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (1.4) </td> </tr> <tr> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Net Assets </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 2.7 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 5.6 </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Cash </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 2.0 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 2.2 </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Other non-financial KPI </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Employees - Number </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 37 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 38 </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> **Non-cash item </p> <p> <b>Current trading and prospects</b> </p> <p> The Board is aiming for continued growth during 2012, as we seek to maximize the potential of the Group's Internet Gaming, Publishing and Advertising businesses and is targeting a return to profitability. It is the Board's strategy to focus on the online gaming and there will continue to be considerable opportunities to reduce fixed costs in the short term as well as exciting organic and acquisitive growth prospects. </p> <p> Justin Drummond Nilesh Jagatia </p> <p> Chief Executive Group Finance Director </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl" colspan="15"> <p class="bwcellpmargin"> <b>Consolidated Income Statement for the year ended 30 September 2011</b> </p> </td> </tr> <tr> <td colspan="15"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt" rowspan="3"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <b>Total</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <b>Total</b> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>Notes</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2011</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2010</b> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Revenue</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Acquisition during the year </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>21,266</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Continuing operations </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 35,145 </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2,985 </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Total revenue</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>35,145</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>24,251</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Cost of sales</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Acquisition during the year </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (17,161 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Continuing operations </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (29,416 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (2,057 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Gross profit</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>5,729</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>5,032</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Selling and distribution costs </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (3,801 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (3,118 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Selling and distribution gaming software levy </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (225 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Administrative expenses </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (3,316 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (3,318 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Total Operating costs </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (7,342 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (6,436 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Operating loss before Exceptional Costs</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,378</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,404</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Exceptional loss </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (1,488 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(2,866</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,404</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Operating loss after Exceptional Costs</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Finance income </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 1 </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 6 </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Loss before income tax</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(2,865</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,398</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Income tax expense </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwnowrap bwpadr0 bwvertalignt bwalignl"> <p class="bwcellpmargin"> <b>Loss from continuing activities attributable</b><br></br><b>to equity holder of the company</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(2,865</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> <b>)</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignt bwalignl"> <p class="bwcellpmargin"> </p> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(1,398</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> <b>)</b> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignt"> <p class="bwcellpmargin"> <b>Loss earnings per share attributable to</b><br></br><b>equity holders of the company</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <p class="bwcellpmargin"> <b>6</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <p class="bwcellpmargin"> <b>Pence</b><br></br><b>per</b><br></br><b>share</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <p class="bwcellpmargin"> <b>Pence</b><br></br><b>per</b><br></br><b>share</b> </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Basic </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (0.87p </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (0.43p </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignt"> Diluted </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignt bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (0.88p </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (0.43p </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> The Company has elected to take exemption under section 408 of the Companies Act 2006 to not present the parent Company income statement. The loss for the Company is shown in the Statement of changes in shareholders' equity. </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl" colspan="25"> <p class="bwcellpmargin"> <b>Balance Sheets as at 30 September 2011</b> </p> </td> </tr> <tr> <td colspan="25"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>Group</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>Group</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>Company</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>Company</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2011</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2010</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2011</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2010</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Notes</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£000</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£000</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£000</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Assets</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Non current assets</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> Property, plant and equipment </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 18 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 44 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 16 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 47 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Intangibles </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 3,038 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6,073 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 74 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 209 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Investments </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 191 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 188 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6,532 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6,532 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignl"> Deferred tax asset </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>3,247</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>6,305</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>6,622</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>6,788</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Current assets</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> Trade and other receivables </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 913 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 670 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2,642 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2,585 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignl"> Cash at bank and in hand </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2,032 </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2,153 </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 1,119 </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 276 </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>2,945</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>2,823</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>3,761</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>2,861</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Total assets</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>6,192</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>9,128</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>10,383</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>9,649</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Liabilities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Current liabilities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Trade and other payables </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (3,495 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (3,440 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (2,835 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (1,272 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Current tax liabilities </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(3,495</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(3,440</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(2,835</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(1,272</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Total liabilities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(3,495</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(3,440</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(2,835</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(1,272</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>Total assets less liabilities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>2,697</b> </td> <td class="bwdoublebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,688</b> </td> <td class="bwdoublebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>7,548</b> </td> <td class="bwdoublebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>8,377</b> </td> <td class="bwdoublebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Equity</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share capital </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>7</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 5,088 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 5,088 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 5,088 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 5,088 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share premium </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 13,118 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 13,118 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 13,118 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 13,118 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Other Reserves </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,422 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,422 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,422 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,422 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Translation reserve </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 368 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 497 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Retained Earnings </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (17,299 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (14,437 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (12,080 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (11,251 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>Total shareholders equity</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>2,697</b> </td> <td class="bwdoublebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,688</b> </td> <td class="bwdoublebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>7,548</b> </td> <td class="bwdoublebottom"> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>8,377</b> </td> <td class="bwdoublebottom"> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> </table> <p> The financial statements were approved by the Board on 16 January 2012 and were signed on its behalf by: </p> <p> Justin Drummond Nilesh Jagatia </p> <p> Chief Executive Officer Group Finance Director </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl" colspan="28"> <p class="bwcellpmargin"> <b>Consolidated Statement of changes in shareholders' equity for the year ended 30 September 2011</b> </p> </td> </tr> <tr> <td colspan="28"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Group</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Share capital</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Share premium</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr" colspan="2"> <p class="bwcellpmargin"> <b>Currency</b><br></br><b>translation</b><br></br><b>reserve</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Other reserves</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr" colspan="2"> <p class="bwcellpmargin"> <b>Retained</b><br></br><b>earnings</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr" colspan="2"> <b>Total</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom" colspan="2"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom" colspan="2"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom" colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2008</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>4,773</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>12,927</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(305</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>1,422</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(10,924</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>7,893</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the year </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (2,645 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(2,645</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 27 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>27</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Currency translation differences </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 841 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>841</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of own shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (222 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(222</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 25 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 16 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>41</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2009</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>4,798</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>12,943</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>536</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>1,422</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(13,764</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>5,935</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the year </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (1,398 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,398</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>6</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Currency translation differences </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (39 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(39</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Sale of own shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 154 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 719 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>873</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 290 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 21 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>311</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2010</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>5,088</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>13,118</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>497</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>1,422</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(14,437</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>5,688</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the year </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (2,865 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(2,865</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 3 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>3</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Currency translation differences </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (129 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(129</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Sale of own shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>-</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>At 30 September 2011</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,088</b> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>13,118</b> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>368</b> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>1,422</b> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(17,299</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> <b>)</b> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>2,697</b> </td> <td class="bwdoublebottom"> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl" colspan="23"> <p class="bwcellpmargin"> <b>Parent Company Statement of changes in shareholders' equity for the year ended 30 September 2011</b> </p> </td> </tr> <tr> <td colspan="23"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Parent company</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Share capital</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Share premium</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Other reserves</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr" colspan="2"> <p class="bwcellpmargin"> <b>Retained</b><br></br><b>earnings</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr" colspan="2"> <b>Total</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr" colspan="2"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom" colspan="2"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom" colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2008</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>4,773</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>12,927</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>1,422</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(9,766</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>9,356</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the year </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (923 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (923 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Other adjustments </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (5 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (5 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of own shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (222 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (222 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 27 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 27 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 25 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 16 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 41 </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2009</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>4,798</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>12,943</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>1,422</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(10,889</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>8,274</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the year </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (1,087 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (1,087 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Sale of own shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 154 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 719 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 873 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 290 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 21 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 311 </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2010</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>5,088</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>13,118</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>1,422</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(11,251</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>8,377</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the year </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (829 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (829 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Sale of own shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>At 30 September 2011</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>5,088</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>13,118</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>1,422</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(12,080</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>7,548</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignt bwalignl" colspan="9"> <p class="bwcellpmargin"> <b>Consolidated statement of recognised income and expenses for the year ended 30 September 2011</b> </p> </td> </tr> <tr> <td colspan="9"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt" rowspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2011</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2010</b> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Currency translation differences </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (129) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (39) </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Total income recognised directly in equity</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(129)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(39)</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Loss for the year </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (2,865) </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (1,398) </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignt"> <b>Total recognised expense for the year</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(2,994)</b> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(1,437)</b> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> All amounts attributable to equity holders of the company </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl" colspan="11"> <p class="bwcellpmargin"> <b>Consolidated Cash Flow Statement for the year ended 30 September 2011</b> </p> </td> </tr> <tr> <td colspan="11"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> <b>2011</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> <b>2010</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Operating activities</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Operating loss </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (1,378 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (1,404 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Depreciation and amortisation </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 186 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 201 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> (Increase) / decrease in receivables </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (243 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 5 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Increase in payables </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 55 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2,080 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Other cash movements </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (49 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 58 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Taxes paid </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 15 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 6 </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Net cash used in operating activities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(1,429</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>961</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Investing activities</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Interest received </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of property, plant and equipment </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (5 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (27 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of intangibles </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (161 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (171 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Disposal of Domain names -net sales proceeds </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,515 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Acquisition of subsidiary undertaking - Net Assets </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (2,017 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Acquisition of subsidiary undertaking -net cash acquired </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 827 </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Net cash used in investing activities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>1,350</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(1,382</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Financing activities</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Issue of share capital from exercised warrants </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 278 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Sale /(purchase) of treasury shares </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 719 </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Net cash used in financing activities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>-</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>997</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Net decrease in cash and cash equivalents</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(79</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>576</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Cash and cash equivalents at beginning of period </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2,153 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,697 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Effects on exchange movements </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (42 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (120 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Cash and cash equivalents at end of period</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>2,032</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>2,153</b> </td> <td class="bwsinglebottom"> </td> </tr> </table> <p> <b>Notes to the Financial Statements for the year ended 30 September 2011</b> </p> <p> <b>1.</b> <b>General Information</b> </p> <p> Media Corporation plc ("the Company") and its subsidiaries (together "the Group") is engaged in Internet advertising, internet gaming and internet publishing. The Company is a public limited company which is listed on the AIM Market of the London Stock Exchange and is incorporated and domiciled in the United Kingdom. The address of the registered office is No1 Poultry, London EC2R 8JR. </p> <p> The registered number of the Company is 4058698. </p> <p> These financial statements are presented in pounds sterling because that is the currency of the primary economic environment in which the Group operates. Media Corporation has the following subsidiaries: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Name of Company</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>Proportion Held</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>Class of shareholding</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Nature of Business</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Subsidiary undertakings</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Xworks Limited </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Publishing </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Eyeconomy Limited </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Advertising </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Search Focus Limited * </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Publishing </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Newbold Publications Limited * </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 51% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Publishing </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Result Online Limited </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Publishing </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Flight Comparison Limited </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Publishing </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purple Lounge Limited </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Gaming </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purple Lounge (Malta ) Limited ** </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Gaming </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purple Lounge N.V. * </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Gaming </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Career Plus Limited </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> IT recruitment agency </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Interactive Consulting Limited /TA Nash Digital </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Advertising </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Gaming Corp(Curacao) Limited*** </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Internet Publishing </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Gambling.com Limited * </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> Ordinary </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> Dormant </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> The holder of the minority interest in Newbold Publications Limited is not liable for the losses incurred. Therefore no amount is attributed to the minority interest in the financial statement. </p> <p> Most of the subsidiaries above are incorporated in England and Wales, except for </p> <p> * Jersey </p> <p> **Malta </p> <p> ***Curacao </p> <p> <b>2.</b> <b>Financial Information</b> </p> <p> The financial information relating to the year ended 30 September 2011 set out in this announcement does not constitute statutory accounts as defined in Section 435 of the Companies Act 2006, but has been extracted from the statutory accounts, which received an unqualified auditors' report and which have not yet been filed with the Registrar of Companies. The financial information relating to the period ended 30 September 2010 is extracted from the statutory accounts, which incorporated an unqualified audit report and which has been filed with the Registrar of Companies. </p> <p> <b>3.</b> <b>Accounting policies</b> </p> <p> <b>Basis of preparation</b> </p> <p> The annual report and accounts of Media Corporation plc have been prepared in accordance with IFRS as adopted by the European Union, IFRIC interpretations, the Companies Act 2006 applicable to companies reporting under IFRS and the AIM listing rules. The annual report and accounts have been prepared under the historic cost convention as modified by available for sale financial assets and financial assets and financial liabilities at fair value through profit or loss. </p> <p> The annual report and accounts have been prepared on a going concern basis in accordance with the Group's accounting policies set out below which are based on the recognition and measurement principles of IFRS. </p> <p> The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are shown below. </p> <p> <b>Fundamental accounting concept - going concern</b> </p> <p> The financial statements have been prepared on the assumption that the Group is a going concern. The accounts of the Group for the year ended 30 September 2011 show a loss including exceptional items for the year of £2.9 million. </p> <p> At the date of these financial statements the Group's ability to continue as a going concern reflects the net funds of £2 million cash available to the Group at the year end and the forecasts for the Group for the current financial year. On this basis, in the opinion of the Directors, the financial statements have been properly prepared on the assumption that the Group is a going concern. </p> <p> <b>Basis of consolidation</b> </p> <p> <b>Subsidiaries</b> </p> <p> Subsidiaries are all entities over which the Group (directly or indirectly) has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of the voting rights. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are excluded from the consolidation from the date on which control ceases. </p> <p> The Group uses the purchase method of accounting to account for the acquisition of subsidiaries. The cost of an acquisition is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the acquisition. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date, irrespective of the extent of any minority interest. The excess of the cost of acquisition over the fair value of the Group's share of the identifiable net assets acquired is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognised directly in the income statement for the year. </p> <p> Intra-group transactions, balances and unrealised gains on intra-group transactions are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Subsidiaries' accounting policies have been changed where necessary to ensure </p> <p> consistency with the policies adopted by the Group. </p> <p> <b>Transactions and Minority Interests</b> </p> <p> The Group applies a policy of treating transactions with minority interests as transactions with parties external to the Group. Disposals to minority interests result in gains and losses for the Group that are recorded in the income statement. Purchases from minority interests result in goodwill, being the difference between any consideration paid and the relevant share acquired of the carrying value of the net assets of the subsidiary. </p> <p> <b>Segmental reporting</b> </p> <p> A business segment is a group of assets and operations engaged in providing products or services that are subject to risks and returns that are different from those of other business segments. A geographical segment is engaged in providing products or services within a particular economic environment that are subject to risks and return that are different from those in segments operating in other economic environments. </p> <p> <b>Foreign currency</b> </p> <p> The individual financial statements of each Group Company are presented in the currency of the primary economic environment in which it operates (its functional currency). For the purpose of the consolidated financial statements, the results and financial position of each Group Company are expressed in Pounds sterling, which is the functional currency of the Company, and the presentation currency for the consolidated financial statements. </p> <p> In preparing the financial statements of the individual companies, transactions in currencies other than the entity's functional currency (foreign currencies) are recorded at rates of exchange prevailing on the dates of the transactions. At the balance sheet date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the balance sheet date. </p> <p> Non-monetary items carried at fair value that are denominated in foreign currencies are translated at the rates prevailing at the date when the fair value was determined. Non-monetary items that are measured in terms of historical cost in foreign currency are not retranslated. </p> <p> Exchange differences arising on the settlement of monetary items, and on the retranslation of monetary items, are included in profit or loss for the period. Exchange differences arising on the retranslation of non-monetary items carried at fair value are included in the profit and loss account for the period except for differences arising on the retranslation of non-monetary items in respect of which gains and losses are recognised directly in equity. For such monetary items, any exchange component of the gain or loss is also recognised directly in equity. </p> <p> For the purpose of presenting consolidated financial statements, the assets and liabilities of the Group's foreign operations are translated at exchange rates prevailing on the balance sheet date. </p> <p> Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during the period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are classified as equity and transferred to the Group's translation reserve. Such translation differences are recognised as income and expense in the period in which the operation is disposed of. </p> <p> Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing rates. </p> <p> <b>Revenue recognition</b> </p> <p> Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. </p> <p> Sales of goods are recognised when goods are delivered and title has passed. </p> <p> Sales of services are recognised when the service has been completed and invoiced to the customer. </p> <p> Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount. </p> <p> <b>Leased assets</b> </p> <p> Where the assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable over the term of the lease. The corresponding leasing commitments are shown as a liability. Where a finance lease has been awarded to a group entity at a non-commercial interest rate is applied. Depreciation on the relevant assets is charged to the income statement. </p> <p> All other leases are treated as operating leases. Their annual rentals are charged to the income statement on a straight line basis over the term of the lease. </p> <p> <b>Property, plant and equipment</b> </p> <p> Property, plant and equipment are stated at cost less accumulated depreciation and any recognised impairment loss. </p> <p> The cost of property, plant and equipment includes those costs which are directly attributable to purchasing the assets and bringing them into working condition. The Group does not capitalise interest as part of the cost of property, plant and equipment. </p> <p> Subsequent costs are included in the asset's carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred. </p> <p> Depreciation is provided on the following tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value based on prices prevailing at the date of acquisition or revaluation, of each asset evenly over its expected useful life as follows: </p> <p> Fixtures and fittings 25% reducing balance </p> <p> Office equipment 25% reducing balance </p> <p> Computer equipment 33.3% per annum </p> <p> Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'Operating expenses' in the Income Statement. </p> <p> The Group reviews its depreciation rates regularly to take account of any changes in circumstances. When setting useful economic lives, the principal factors the Group takes into account are the expected rate of technological developments and the intensity at which the assets are expected to be used. </p> <p> The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date. </p> <p> <b>Intangible assets</b> </p> <p> <b>Goodwill</b> </p> <p> Goodwill represents the excess of the cost of an acquisition over the fair value of the Group's share of the net identifiable assets of the acquired subsidiary at the acquisition date. Goodwill on acquisition of subsidiaries is included in goodwill and intangible assets. Goodwill is tested annually for impairment and carried at cost less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. </p> <p> Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation is made to those cash generating units that are expected to benefit from the business combination in which the goodwill arose. </p> <p> In accordance with IFRS 3 'Business Combinations', any excess of acquirer's interest in the fair value of acquiree's identifiable net assets is immediately recognised in the income statement. </p> <p> <b>Computer software</b> </p> <p> Acquired computer software licenses are capitalised on the basis of the costs incurred to acquire and bring into use the specific software. These costs are amortised over their useful economic lives (3 to 5 years). Costs associated with developing and maintaining computer software programmes are recognised as an expense when incurred, subject to the capitalization criteria of IAS 38. </p> <p> <b>Trade names/Domain names</b> </p> <p> Acquired trade names/domain names are recognised where their fair value can be reliably measured. These assets are considered to have finite lives and are tested annually for impairment and carried at cost less accumulated impairment losses. </p> <p> <b>Website costs</b> </p> <p> Acquired websites are capitalised where their fair value can be reliably measured. Development of these websites are also capitalised as long as there are considered generating revenues. These assets are considered to have finite lives and are amortised on a straight line basis over their useful economic lives of 3 years. </p> <p> <b>Impairment of non current assets</b> </p> <p> The carrying amount of the Group's assets, other than deferred income tax assets, are reviewed at each </p> <p> balance sheet date to determine whether there is any indication of impairment. Assets that have an indefinite economic life are not subject to amortisation and are tested annually for impairment. </p> <p> If an indicator of a possible impairment is noted, the need for any asset impairment provision is assessed by comparing the carrying value of the asset against the higher of fair value less costs to sell or value in use (recoverable amount). An impairment loss is recognised whenever the carrying amount of an asset exceeds its recoverable amount. Impairment losses are recognised in the income statement. For the purposes of assessing impairment, the assets are grouped at the lowest levels for which they have separately identifiable cash flows (cash generating units). </p> <p> Impairment losses recognised in the income statement in respect of cash-generating units are allocated first to reduce the carrying amount of any goodwill allocated to cash-generating units (groups of units) and then, to reduce the carrying amount of the other assets of the unit (group of units) on a pro rata basis. </p> <p> Impairment charges are included in the administrative expenses line item in the income statement, except to the extent they reverse gains previously recognised in the statement of recognised income and expenses. </p> <p> <b>Financial instruments</b> </p> <p> Financial assets and financial liabilities are recognised on the Group's balance sheet when the Group becomes a party to the contractual provisions of the instrument. </p> <p> <b>Cash and cash equivalents</b> </p> <p> Cash and cash equivalents are carried in the balance sheet at cost. Cash and cash equivalents comprise cash on hand, deposits held on call with banks and other short-term highly liquid investments with original maturities of three months or less. </p> <p> <b>Trade and other receivables</b> </p> <p> Trade receivables are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, less provision for impairment. A provision for impairment of trade receivables is established when there is objective evidence that the Group will not be able to collect all amounts due according to the original term of the receivable. The amount of the provision is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the original effective interest rate. The carrying amount of the asset is reduced through the use of an allowance account, and the amount of the loss is recognised in the income statement within 'Operating expenses'. When a trade receivable is uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited to 'Operating expenses' within the income statement. </p> <p> <b>Loans and receivables</b> </p> <p> Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for maturities greater than 12 months after the balance sheet date. Loans and receivables are initially recognised at cost, being the fair value of consideration together with any associated issue costs. After initial recognition, interest bearing loans are subsequently measured at amortised cost using the effective interest method. Amortised cost is calculated taking into account any issue costs and discount or premium on settlement. </p> <p> <b>Share capital</b> </p> <p> Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of equity instruments are shown in equity as a deduction from the proceeds, net of tax. </p> <p> Where any Group company purchases the Company's equity share capital (treasury shares), the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the Company's equity holders until the shares are cancelled or reissued. Where such shares are subsequently reissued, any consideration received, net of any directly attributable incremental costs (net of income taxes), is included in equity attributable to the Company's equity holders </p> <p> <b>Trade payables</b> </p> <p> Trade payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method. </p> <p> <b>Borrowings</b> </p> <p> Borrowings are recognised initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognised in the income statement over the period of the borrowings using the effective interest method. </p> <p> Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date. </p> <p> Borrowing costs are expensed to the income statement unless used to fund a qualifying asset as described by IAS 23. </p> <p> <b>Current and deferred income tax</b> </p> <p> The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Group's subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. </p> <p> Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. However, if the deferred income tax arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss, it is not accounted for. </p> <p> Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled. </p> <p> Deferred income tax assets are recognised to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. </p> <p> Deferred income tax is provided on temporary differences arising on investments in subsidiaries and associates, except where the Group controls the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. </p> <p> <b>Share based payments Transactions</b> </p> <p> Employees (including Directors) of the Group receive remuneration in the form of share-based payment transactions, whereby employees render services as consideration for equity instruments ('equity-settled transactions'). In situations where equity instruments are issued and some or all of the goods or services received by the entity as consideration cannot be specifically identified, they are measured as the difference between the fair value of the share-based payment and the fair value of any identifiable goods or services received at the grant date. </p> <p> The cost of equity-settled transactions with employees is measured by reference to the fair value at the date on which they are granted. The fair value is determined by using an appropriate pricing model. </p> <p> The cost of equity-settled transactions is recognised, together with a corresponding increase in equity, over the period in which the performance and/or service conditions are fulfilled, ending on the date on which the relevant employees become fully entitled to the award ('the vesting date'). The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group's best estimate of the number of equity instruments that will ultimately vest. The profit or loss charge or credit for a period represents the movement in cumulative expense recognised as at the beginning and end of that period. </p> <p> No expense is recognised for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition, which are treated as vesting irrespective of whether or not the market condition is satisfied, provided that all other performance and/or service conditions are satisfied. Where the terms of an equity-settled award are modified, the minimum expense recognised is the expense as if the terms had not been modified. An additional expense is recognised for any modification, which increases the total fair value of the share-based payment arrangement, or is otherwise beneficial to the employee as measured at the date of modification. Where an equity-settled award is cancelled, it is treated as if it had vested on the date of cancellation, and any expense not yet recognised for the award is recognised immediately. However, if a new award is substituted for the cancelled award, and designated as a replacement award on the date that it is granted, the cancelled and new awards are treated as if they were a modification of the original award, as described in the previous paragraph. </p> <p> The dilutive effect of outstanding options is reflected as additional share dilution in the computation of earnings per share. </p> <p> <b>Research and development costs</b> </p> <p> Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. </p> <p> <b>Significant judgments, key assumptions and estimates</b> </p> <p> In the course of the preparation of the financial statements, the Group has made the following significant estimates: </p> <ul> <li class="bwlistitemmargb"> Estimates of the future cash flows of the Group's subsidiaries upon which goodwill is carried, in order to arrive at whether an impairment provision is required. These have been based on each subsidiary's budgets for 2011 and projections for 2012 and 2013 with expected growth rates and discount rates. </li> <li class="bwlistitemmargb"> Judgements made on the estimates of the useful life of property, plant and equipment, as set out in the relevant accounting policies above. </li> </ul> <p> <b>4.</b> <b>Operating loss</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl" colspan="9"> <p class="bwcellpmargin"> Operating loss has been arrived at after charging: </p> </td> </tr> <tr> <td colspan="9"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2011</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2010</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Staff costs (see note 5) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,684 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,538 </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Depreciation of property, plant and equipment </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 169 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 201 </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Additional selling and distribution levy from gaming operator </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 224 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payment </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 3 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6 </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Operating lease expenditure: </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> - property </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 31 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 123 </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Auditors' remuneration: </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> - statutory audit </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 40 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 59 </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> - Tax compliance services </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>3</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>3</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Exceptional Loss</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2011</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2010</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss on the sale of Gambling.com </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,253 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Impairment of Domain name </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 235 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>1,488</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>-</b> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>5.</b> <b>Segmental analysis</b> </p> <p> As at 30 September 2011, the Group's continuing business is classified by management into three main segments. </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl" colspan="21"> <p class="bwcellpmargin"> The primary segment results for the year ended 30 September 2011 are as follows: </p> </td> </tr> <tr> <td colspan="21"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc" colspan="2"> <p class="bwcellpmargin"> <b>Advertising</b><br></br><b>Network</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc" colspan="2"> <p class="bwcellpmargin"> <b>Internet</b><br></br><b>Publishing</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc" colspan="2"> <p class="bwcellpmargin"> <b>Internet</b><br></br><b>Gaming</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc" colspan="2"> <p class="bwcellpmargin"> <b>Group</b> </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£'000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£'000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£'000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc" colspan="2"> <b>£'000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Revenue</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Total segment revenue </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>7,240</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>275</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>27,630</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>35,145</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Operating Profit /(loss)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>115</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,210</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(283</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,378</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Exceptional Loss on asset disposal/ impairment</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(235</b> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,253</b> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(1,488</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Operating loss after exceptional costs</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(2,866</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Net finance income </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 1 </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Loss before income tax expense</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(2,865</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Income tax expense </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwsinglebottom" colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Loss from continuing activities</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(2,865</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Balance sheet</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Assets </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 927 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 4,243 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,022 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6,192 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Liabilities </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (1,933 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 965 </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (2,527 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (3,495 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>Net assets/(liabilities)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(1,006</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,208</b> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(1,505</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> <b>)</b> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>2,697</b> </td> <td class="bwdoublebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Other information</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> Depreciation and amortisation </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (30 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (109 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (30 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (169 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl" colspan="21"> <p class="bwcellpmargin"> The segment results for the year ended 30 September 2010 are as follows: </p> </td> </tr> <tr> <td colspan="21"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc" colspan="2"> <p class="bwcellpmargin"> <b>Advertising</b><br></br><b>Network</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc" colspan="2"> <p class="bwcellpmargin"> <b>Internet</b><br></br><b>Publishing</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc" colspan="2"> <p class="bwcellpmargin"> <b>Internet</b><br></br><b>Gaming</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc" colspan="2"> <b>Group</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£'000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£'000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£'000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc" colspan="2"> <b>£'000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Revenue</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Total segment revenue </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>2,856</b> </td> <td class="bwsinglebottom"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>130</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>21,265</b> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>24,251</b> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Operating loss</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(40</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,329</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(35</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,404</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Net finance income </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 6 </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Loss before income tax expense</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(1,398</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Income tax expense </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwsinglebottom" colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Loss from continuing activities</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(1,398</b> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> <b>)</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Balance sheet</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Assets </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 695 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 5,495 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2,938 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 9,128 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Liabilities </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (478 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (282 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (2,680 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (3,440 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>Net assets/(liabilities)</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>217</b> </td> <td class="bwdoublebottom"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,213</b> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>258</b> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,688</b> </td> <td class="bwdoublebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Other information</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> Depreciation and amortisation </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (38 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (145 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (18 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwdoublebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (201 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> </tr> </table> <p> The above disclosures are consistent with how management reports information internally for the purpose of evaluating the Group's performance and for making decisions about future allocations of resources to the Group. </p> <p> Under the definitions contained in IAS 14 the only material geographic segment that the Group operates in is the UK. </p> <p> <b>6.</b> <b>Loss earnings per share attributable to equity holders of the company</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2011</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2010</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> Loss for the purpose of basic and diluted earnings per share </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (2,865 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> (1,398 </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> <b>Numbers</b> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> <p class="bwcellpmargin"> Weighted average number of ordinary shares for the purpose of<br></br>basic earnings per share </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 323,445,648 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 323,445,648 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> Effective of dilutive potential ordinary shares: </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> Share warrants </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,900,000 </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 3,900,000 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb"> </td> <td> </td> <td> </td> <td> </td> <td class="bwsinglebottom" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td class="bwsinglebottom" colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <p class="bwcellpmargin"> Weighted average number of ordinary shares for the purpose<br></br>of diluted earnings per share </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> 325,345,648 </td> <td class="bwdoublebottom"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> 327,345,648 </td> <td class="bwdoublebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td colspan="2"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> Pence </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr" colspan="2"> Pence </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss per share - basic </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (0.87p </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (0.43p </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss per share - diluted </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (0.88p </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (0.43p </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> Basic loss per share has been calculated by dividing loss for the year by the weighted average number of ordinary shares in issue during the year. </p> <p> Diluted loss per share has been calculated by dividing loss for the year by the weighted average number of ordinary shares in issue during the year adjusted to assume conversion of all dilutive potential options/warrants. Losses are not subject to dilution. </p> <p> <b>7.</b> <b>Share Capital</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2011</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2011</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2010</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2010</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>Number</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>£000</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>Number</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> </tr> <tr> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>Allotted, called up and fully paid</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Ordinary shares of 1p each </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 323,445,648 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 3,234 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 323,445,648 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 3,234 </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Deferred shares of 4p each </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignr"> 46,358,400 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 1,854 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignr"> 46,358,400 </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 1,854 </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,088</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,088</b> </td> </tr> </table> <p> <b>Share warrants</b> </p> <p> No additional warrants were issued during the financial year ended 30 September 2011. Unsubscribed share warrants at the date of this financial report consist of 1.9m warrants with an excise price of 2.25p </p> <p> <b>8.</b> <b>Events after balance sheet date</b> </p> <p> None </p> <p> <b>9.</b> <b>AGM Notice and availability of accounts</b> </p> <p> The notice of annual general meeting and proxy materials will be posted to shareholders with the 2011 Annual Report and Accounts early January 2011. The AGM will be held 11am on 16 February 2012 at the offices of Northland Capital Partners Limited, 60 Gresham Street, London, EC2V 7BB. Further information will also be available from 20 January 2012 at the Company's registered office and website, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50134361&lan=en-US&anchor=www.mediacorpplc.com&index=4&md5=08637dcd141e3e26d60e333544ad43d6">www.mediacorpplc.com</a>. </p> <p> <b>Media Corporation Plc</b><br></br>Justin Drummond, +44 20 7618 9000<br></br><i>CEO</i><br></br>or<br></br>Nilesh Jagatia, +44 20 7618 9000<br></br><i>Group Finance Director</i><br></br>or<br></br><b>Northland Capital Partners Limited</b><br></br>Luke Cairns / Rod Venables, + 44 20 7796 8800<br></br><i>Nomad</i><br></br>or<br></br>Katie Shelton, + 44 20 7796 8800<br></br><i>Joint Broker</i><br></br>or<br></br><b>XCAP Securities</b><br></br>John Grant/Karen Kelly, + 44 207 101 7070<br></br><i>Joint Broker</i><br></br>or<br></br><b>Bishopsgate Communications</b><br></br>Deepali Schneider/Natalie Quinn, + 44 20 7562 3350<br></br><a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> <p> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20120116005850r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2012</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=18440777</link><pubDate>Tue, 17 Jan 2012 07:00:00 GMT</pubDate></item><item><title>Contract with Express Newspapers</title><description><![CDATA[<body> <p> </p> <p class="bwalignc"> Media Corporation Plc<br></br>("Media Corp" or the "Group") </p> <p class="bwalignc"> <b>Contract with Express Newspapers</b> </p> <p class="bwalignc"> <b>Media Corp renews contract with Express Newspapers</b> </p> <p> Media Corp, a leading advertising network and online gaming Group, is pleased to announce that its wholly owned subsidiary, Eyeconomy Limited ("Eyeconomy"), the online advertising solutions provider, has extended its partnership with Express Newspapers ("Express") after signing a one year extension to the exclusive site representation agreement. This contract will commence on 1st February 2012, and continues its existing three year contract that commenced in February 2009. The contract has been historically worth £1 million per annum in revenue and is expected to generate similar revenues going forward. </p> <p> Under the terms of the agreement, Eyeconomy will manage all third party online advertising for Express. As well as banner adverts, Eyeconomy will be seeking sponsorships and long-term partners for the site. </p> <p> Express, owned by Northern & Shell Plc, operates a wide variety of media titles in the UK that include the Daily Express, Daily Star, Sunday Express, Daily Star Sunday, OK magazine, New! magazine and Star magazine. The deal will see Eyeconomy continue to sell and manage all advertising formats across the Group's entire UK network of leading websites. </p> <p> The sites included are: <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dailyexpress.co.uk&esheet=50094997&lan=en-US&anchor=www.dailyexpress.co.uk&index=1&md5=db3d46508d7d53746469992d9ccbcfde">www.dailyexpress.co.uk</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dailystar.co.uk&esheet=50094997&lan=en-US&anchor=www.dailystar.co.uk&index=2&md5=47fadf642ec9ff3a3c0b26cfcb651939">www.dailystar.co.uk</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.OK.co.uk&esheet=50094997&lan=en-US&anchor=www.OK.co.uk&index=3&md5=49711f3103e96c7a370007e0eac53ea0">www.OK.co.uk</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.new-magazine.co.uk&esheet=50094997&lan=en-US&anchor=www.new-magazine.co.uk&index=4&md5=47dc0175e6dc14a8a80cf5c8ea18a052">www.new-magazine.co.uk</a> and <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.star-magazine.co.uk&esheet=50094997&lan=en-US&anchor=www.star-magazine.co.uk&index=5&md5=ed001b282ec0baa9c9c8d19a215800f5">www.star-magazine.co.uk</a>. </p> <p> This is part of Eyeconomy's on-going goal to grow its site representation division, through exclusive deals that significantly increase its market reach. This division of Media Corp was significantly enhanced in June 2011 with the addition of the site representation contract with Digital Sports Group ("DSG") the owner of a network of over 50 leading websites; including football.co.uk, cricket.co.uk, tennis.co.uk, boxing.co.uk, golf.co.uk and motorsport.co.uk. In addition, DSG owns the <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.footymad.net&esheet=50094997&lan=en-US&anchor=www.footymad.net&index=6&md5=4c9bf22ea409c30f77141e43fc7b5029">www.footymad.net</a>, a leading fan based website. The combined monthly traffic generated by DSG is 6 million unique users and 150 million page impressions, which doubled the size of Eyeconomy's exclusive banner advertising network and has been earnings enhancing from the commencement of the contract on 1st August 2011. </p> <p> Justin Drummond, CEO, Media Corporation plc, commented: </p> <p> "This is another major contract renewal for Media Corp and a cornerstone contract for the Group's advertising network. This exclusive deal with Express Newspapers continues to demonstrate our ability to deliver targeted advertising to mass audiences. </p> <p> "Express Newspapers' variety of market leading titles cover broad sections of society across a variety of target markets and provide media buyers and planners with the opportunity to achieve millions of impressions with their campaigns. Express Newspapers Group is a well-respected, highly successful publication house and we look forward to further continuing long-term, mutually beneficial partnership with them". </p> <p> "Eyeconomy has had a record year in 2011 and the Board remain very positive about the outlook for this division". </p> <p> Farzad Jamal, Group Internet Controller, Express Newspapers, commented: </p> <p> "We have renewed the contract with Eyeconomy as they are a well-established advertising network with an impressive track record. They consistently deliver results and have significantly broadened the advertising base across our market leading publications. </p> <p> "With their expertise and impressive relationships with direct advertisers and the largest agencies, we are confident they will continue to be the best advertising network to deliver our required performance targets." </p> <p class="bwalignc"> --ENDS-- </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Media Corporation Plc</b> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Northland Capital Partners Limited</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>XCAP Securities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> John Grant / Karen Kelly (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> mediacorp@bishopsgatecommunications.com </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=50094997&lan=en-US&anchor=www.purplelounge.com&index=7&md5=674cdebcc670da677956c12c015eb40b">www.purplelounge.com</a> a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=50094997&lan=en-US&anchor=www.eyeconomy.co.uk&index=8&md5=8b9383a2ef94cbb44c0bc6c1b71dab87">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50094997&lan=en-US&anchor=www.mediacorpplc.com&index=9&md5=dec31ff3975cb3d4db8ceee7189ecea8">www.mediacorpplc.com</a> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20111205006070r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=5186601</link><pubDate>Tue, 06 Dec 2011 07:00:00 GMT</pubDate></item><item><title>Trading Statement</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignc"> Media Corporation Plc </p> <p class="bwalignc"> ("Media Corp" or the "Group") </p> <p class="bwalignc"> <b>Unaudited full year trading update</b> </p> <p> The Board of Media Corp, a leading advertising network and online gaming Group, is pleased to announce a trading update for the period ended 30th September 2011. The Group's full audited accounts are expected to be released in December 2011. </p> <p> Despite challenging market conditions the Group has continued to grow its top line revenues with particularly strong growth in Eyeconomy. Unaudited group revenues are up 46% and gross profit up 16%. On a like for like basis before exceptional items we expect losses to reduce compared to 2010. As mentioned at the time of the sale of Gambling.com, there will be a one off exceptional accounting loss for the year following this sale which will see the Group's loss increase by approximately £1.1m. </p> <p> Unaudited Financial Highlights </p> <ul> <li class="bwlistitemmargb"> <b>Group revenues of £35 million (2010: £24 million) an increase of 46%</b> </li> <li class="bwlistitemmargb"> <b>Eyeconomy revenues of £7.3 million (2010: £2.8 million) an increase of 160%</b> </li> <li class="bwlistitemmargb"> <b>Purple Lounge revenues of £27.5 million (2010: £21.3 million) an increase of 29%</b> </li> <li class="bwlistitemmargb"> <b>Group gross profit of £5.8 million (2010: £5.0 million) an increase of 16%</b> </li> <li class="bwlistitemmargb"> <b>Cash balances of £2.2 million (September 2010: £2.2 million)</b> </li> </ul> <p> Other Highlights </p> <ul> <li class="bwlistitemmargb"> <b>Purple Lounge achieved significant revenue growth during the year with registered customer numbers reaching 120,000 (2010: 100,000) by the year end.</b> </li> <li class="bwlistitemmargb"> <b>Eyeconomy signs partnership deal with Digital Sports Group adding a further 150 million monthly impressions and doubled the scale of Eyeconomy's exclusive site representation business from August 2011.</b> </li> <li class="bwlistitemmargb"> <b>The sale of Gambling.com and Sport.co.uk for £1.5m net.</b> </li> <li class="bwlistitemmargb"> <b>The Directors continue to consider appropriate bolt on acquisitions, particularly in the online gaming arena.</b> </li> </ul> <p> Justin Drummond, CEO of Media Corp, commented: </p> <p> "This is a pleasing performance for the financial year as the turnaround continues in key areas of the Group. Eyeconomy has experienced strong growth across all of its business divisions in 2011. Growth should continue as we add new publishers and advertisers to Eyeconomy's fast growing advertising network. </p> <p> Purple Lounge has had another strong year against industry wide declines in online gaming revenues. The Group is continuing to successfully test a number of innovative online marketing techniques which the Directors believe will significantly increase customer signups, active players and revenues in the coming months. </p> <p> We continue to explore earnings enhancing acquisitions and look forward to providing further updates as and when appropriate". </p> <p class="bwalignc"> --ENDS- </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Media Corporation Plc</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Northland Capital Partners Limited</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>XCAP Securities</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> John Grant / Karen Kelly (Joint Broker) </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=50025140&lan=en-US&anchor=www.purplelounge.com&index=1&md5=8739216921fd55d603246db9d06ce826">www.purplelounge.com</a> a leading European online poker casino operator. With over a 120,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=50025140&lan=en-US&anchor=www.eyeconomy.co.uk&index=2&md5=52a482f7f6a86ccb164e95d3ef790d74">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50025140&lan=en-US&anchor=www.mediacorpplc.com&index=3&md5=cf7d80fca5d9f191c645caceab63bacc">www.mediacorpplc.com</a> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20111011006554r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4578701</link><pubDate>Wed, 12 Oct 2011 07:00:00 GMT</pubDate></item><item><title>Directorate Change</title><description><![CDATA[<body> <p> </p> <p class="bwalignc"> <b>MEDIA CORPORATION PLC</b> </p> <p class="bwalignc"> ("<b>Media Corp</b>" or the "<b>Company</b>") </p> <p class="bwalignc"> Directorate Changes </p> <p> Media Corporation Plc, the AIM quoted leading advertising network and online gaming group, announces that Stephen Pettman joins the Board of Media Corp as a Non-Executive Director with immediate effect. </p> <p> Stephen is a shareholder of Aldersgate Investment Managers Limited where he provides consultancy services in relation to trading capital within equity in the US, UK and European markets. He has had a 30 year career in the Financial Services industry in which time he has worked for a number of City firms including Greenwell Montagu Securities, Hoare Govett Securities (part of the ABN Amro Group) and Credit Suisse First Boston primarily in the Securities Trading arena. </p> <p> Stephen's appointment will broaden the range of skills and expertise available to the Board particularly in relation to his City experience. </p> <p> Stephen holds 13,500,000 ordinary shares in the Company representing 3.99 per cent of the Company's issued share capital. In addition,1,900,000 ordinary shares in the Company are held by Stephen's father, Graham Pettman in his SIPP(0.56 per cent of the Company's issued share capital) and a further 10,000,000 ordinary shares in the Company are held by Aldersgate Investment Managers Limited, a company which Stephen is a shareholder of. </p> <p> Stephen is also a director of Aercon Wiring Systems Limited. </p> <p> Justin Drummond, CEO, Commented: </p> <p> <b>"Stephen brings with him a wealth of experience and knowledge gained from a 30 year career in the city, and his experience and contacts are of particular value to the Company.</b> </p> <p> <b>"The Company has ambitious plans through on-going growth and via acquisition to create a market leader in gaming and digital media. We face complex decisions as an organisation, and as such we are very pleased that Media Corp can attract such an influential and experienced person to our Board of Directors."</b> </p> <p> There is no further information to be disclosed in relation to Stephen Pettman in accordance with the requirements of Schedule Two (g) of the AIM Rules. </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Media Corporation Plc</b> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Northland Capital Partners Limited</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>XCAP Securities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> John Grant / Karen Kelly (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=50011164&lan=en-US&anchor=www.purplelounge.com&index=1&md5=c94fa14225a0c64effb1990d26aba911">www.purplelounge.com</a> a leading European online poker casino operator. With over a 100,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Acquired in 2004, Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express. </p> <p> <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=50011164&lan=en-US&anchor=www.eyeconomy.co.uk&index=2&md5=eb417af356afba5fbc9cedc9f750ebf2">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=50011164&lan=en-US&anchor=www.mediacorpplc.com&index=3&md5=6489fa7047d0cf368ccabd079e2f9ad0">www.mediacorpplc.com</a> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110928006156r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4547006</link><pubDate>Thu, 29 Sep 2011 07:00:00 GMT</pubDate></item><item><title>Issue of Equity</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignc"> <b>Media Corporation Plc</b><br></br><b>("Media Corp" or the "Company")</b> </p> <p class="bwalignc"> <b>Issue of Equity</b> </p> <p> Media Corp, the AIM quoted leading internet media and advertising group, announces that 670,391 ordinary shares of 1p each have been issued, in lieu of cash, to Rivington Street Holdings ("RSH") pursuant to contractual obligations for services provided to the Company. </p> <p> Application has been made to the London Stock Exchange for the 670,391 new ordinary shares of 1p each to be admitted to trading on AIM. Admission is expected to occur and dealings are expected to commence at 8.00am on 1st September 2011. </p> <p> Following the issue of the new ordinary shares and as a result of the increase of shares in issue, the shareholdings of the Directors of Media Corp and their interests in the issued ordinary share capital are as follows: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Director </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> Total number <p class="bwcellpmargin"> of shares </p> <p class="bwcellpmargin"> held </p> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> Percentage of <p class="bwcellpmargin"> issued share </p> <p class="bwcellpmargin"> capital held </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Jason Drummond, Chairman </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 22,907,000 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 6.75% </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond, CEO *** </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 24,503,907 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 7.22% </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Nilesh Jagatia, Finance Director </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 840,345 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 0.25% </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Chris Gorman OBE, Non Executive Director </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 563,157 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 0.17% </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> John Palmer, Non Executive Director </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 650,000 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> 0.19% </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <i>***Justin Drummond's holding comprises a direct holding of 21,717,241 ordinary shares and an indirect holding of 2,786,666 ordinary shares held by his wife</i> </p> <p> Following the issue of the new ordinary shares, the enlarged issued ordinary share capital of the Company is 339,218,767 ordinary shares of 1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules. </p> <p> <b>--END--</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Media Corporation Plc</b> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Northland Capital Partners Limited</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>XCAP Securities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> John Grant / Karen Kelly (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=6842036&lan=en-US&anchor=www.purplelounge.com&index=1&md5=783a4fa302353ca4696844fbbf13b161">www.purplelounge.com</a> a leading European online poker casino operator. With over a 100,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Acquired in 2004, Eyeconomy specializes in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express. </p> <p> <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=6842036&lan=en-US&anchor=www.eyeconomy.co.uk&index=2&md5=7e121b9718eaefbaad25d50f29641676">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the Company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=6842036&lan=en-US&anchor=www.mediacorpplc.com&index=3&md5=9461ce992c1e072009da072b5d893534">www.mediacorpplc.com</a> </p> <p> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110826005273r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4467093</link><pubDate>Fri, 26 Aug 2011 11:57:00 GMT</pubDate></item><item><title>Holding(s) in Company</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignc"> <b>MEDIA CORPORATION PLC</b> </p> <p class="bwalignc"> <b>(AIM:MDC)</b> </p> <p class="bwalignc"> <b>("Media Corp" or the "Company")</b> </p> <p class="bwalignc"> <b>Holdings in the Company</b> </p> <p> The Board of Media Corp has today been informed that on 12<sup>th</sup> August 2011, Mr S Pettman purchased 10,000,000 ordinary shares ("Ordinary Shares") in the Company and now holds 13,500,000 ordinary shares, representing approximately 3.99% of the Company's issued share capital. </p> <p> The issued share capital of Media Corp comprises 338,548,376 ordinary shares of 1 penny each </p> <p class="bwalignc"> <b>--END-</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Media Corporation Plc</b> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Northland Capital Partners limited</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=6833852&lan=en-US&anchor=www.purplelounge.com&index=1&md5=d14a1006e78e402610cf4c3a6cf09b76">www.purplelounge.com</a> a leading European online poker casino operator. With over a 100,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Acquired in 2004, Eyeconomy specializes in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express. </p> <p> <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=6833852&lan=en-US&anchor=www.eyeconomy.co.uk&index=2&md5=c06715854f3cd6dbcb4ba428f34a9b0b">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=6833852&lan=en-US&anchor=www.mediacorpplc.com&index=3&md5=ac3eca0e2d3d858e38042d6c9ae67261">www.mediacorpplc.com</a> </p> <p> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110817006578r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4446391</link><pubDate>Thu, 18 Aug 2011 07:00:00 GMT</pubDate></item><item><title>Trading Update</title><description><![CDATA[<body> <p class="bwalignc"> </p> <p class="bwalignc"> <b>Media Corporation Plc</b><br></br><b>("Media Corp" or the "Group")</b> </p> <p class="bwalignc"> <b>Trading Update</b> </p> <p> Media Corporation plc, a leading AIM quoted media and online gaming Group, is pleased to announce a 3<sup>rd</sup> quarter trading update. </p> <p> <b>Third Quarter 2011 - Unaudited Trading Highlights (3 months):</b> </p> <p> Group Revenues of £11.4 million (Q3 2010: £11.8 million) </p> <p> Eyeconomy revenues of £1.9 million (Q3 2010: £0.7 million) </p> <p> Purple Lounge revenues of £9.5 million (Q3 2010: £11.0 million) </p> <p> <b>Year to 30</b><sup><b>th</b></sup><b> June 2011 - Unaudited Trading highlights (9 months):</b> </p> <p> Group Revenues of £24.7 million (2010: £21.7 million) </p> <p> Eyeconomy revenues of £5.1 million (2010: £2.6 million) </p> <p> Purple Lounge revenues of £19.5 million (2010: £18.8 million) </p> <p> Cash of £2.6 million as at 30<sup>th</sup> June 2011 </p> <p> <b>Other Highlights</b> </p> <p> During the quarter Eyeconomy signed a partnership deal with Digital Sports Group adding a further 150 million monthly impressions and doubling the scale of Eyeconomy's exclusive site representation business from August 2011. </p> <p> In addition, the Group secured significant new customers for Eyeconomy include Groupon Inc resulting in a record quarter for this part of the Group. </p> <p> Sale of Sport.co.uk for 0.2million as the Group continues its strategy of disposing of loss making internet publishing assets. </p> <p> Purple Lounge acquired a further 4,500 customers in the 3 month period and as at 30 June now has over 115,000 registered customers. </p> <p> Justin Drummond, Media Corporation's CEO, commented: </p> <p> "This is another very positive performance for the first three months of the second half of the financial year. Eyeconomy has had a record quarter with profitable growth across all of its business divisions. Growth at Eyeconomy should continue in the 4<sup>th</sup> quarter of 2011 as we add Gaming Media's impressive portfolio of sites to our exclusive site represent network. </p> <p> Purple Lounge has had another good quarter against industry wide declines in online poker revenue. The group is continuing to successfully test a number of innovative online marketing techniques which the Directors believe will significantly increase customer signups, active players and revenues in the coming months. </p> <p> The Group is now well funded following the sale of Gambling.com and Sport.co.uk at the beginning of the financial year and we continue to consider a number of earning's enhancing acquisition opportunities that will enhance both the scale and profitability of the Group. </p> <p> The Board remains positive about the outlook for the year and we look forward to providing further updates in the near future." </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Media Corporation Plc</b> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Northland Capital Partners limited</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>XCAP Securities</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> John Grant / Karen Kelly (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading online gaming and media group. </p> <p> The Group has two principal divisions: </p> <p> Online Gaming - Media owns Purple Lounge, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=6786639&lan=en-US&anchor=www.purplelounge.com&index=1&md5=7aeb95b478987d3d3f3632775ebe235f">www.purplelounge.com</a> a leading European online poker casino operator. With over a 100,000 registered customers, Purple Lounge provides an excellent user experience through a combination of the latest technology and best in class customer service. </p> <p> Advertising Network - Acquired in 2004, Eyeconomy specializes in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express. </p> <p> <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=6786639&lan=en-US&anchor=www.eyeconomy.co.uk&index=2&md5=7e4bce91e53d728e3403202a2dacc0cd">www.eyeconomy.co.uk</a> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=6786639&lan=en-US&anchor=www.mediacorpplc.com&index=3&md5=ec0c1775923f54c1aa771794107ff446">www.mediacorpplc.com</a> </p> <p> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110707006800r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4345116</link><pubDate>Fri, 08 Jul 2011 07:00:00 GMT</pubDate></item><item><title>Digital Sports Group selects Media Corp for representation partnership</title><description><![CDATA[<body></head><body> <p class="bwalignl"> </p> <p class="bwalignc"> <b>Media Corporation Plc</b> </p> <p class="bwalignc"> <b>(AIM: MDC)</b> </p> <p class="bwalignc"> <b>("Media Corp" or the "Group")</b> </p> <p class="bwalignc"> <b>Digital Sports Group selects Media Corp for representation partnership</b> </p><p>http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10893412</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4234309</link><pubDate>Thu, 16 Jun 2011 07:00:00 GMT</pubDate></item><item><title>Directors’ Dealings and Shareholdings</title><description><![CDATA[<body></head><body> <p class="bwalignl"> </p> <p class="bwalignc"> <b>Media Corporation Plc</b> </p> <p class="bwalignc"> <b>(AIM: MDC)</b> </p> <p class="bwalignc"> <b>("Media Corp" or the "Group")</b> </p> <p class="bwalignc"> <b>Directors Dealings and Shareholdings</b> </p><p>http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10894649</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4234310</link><pubDate>Thu, 16 Jun 2011 07:00:00 GMT</pubDate></item><item><title>Sale of Sport.co.uk and Contract</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignc"> <b>Media Corporation Plc</b> </p> <p class="bwalignc"> <b>(AIM: MDC)</b> </p> <p class="bwalignc"> <b>("Media Corp" or the "Group")</b> </p> <p class="bwalignc"> <b>Sale of Sport.co.uk and Contract</b> </p> <p> The Board of Media Corp, a leading online gaming and media group, further to our stated strategy of selling our underperforming publishing assets and acquiring profitable online gaming and advertising businesses, is pleased to announce that it has successfully completed the sale of <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sport.co.uk&esheet=6723845&lan=en-US&anchor=www.sport.co.uk&index=1&md5=cefd7f3a34f5d4747f1bfdc03cc1b9ba">www.sport.co.uk</a> for £200,000 in cash. </p> <p> The acquisition of Sport.co.uk is comprised of an upfront payment of £135,000 to Media Corp and a further payment of £65,000 over the next 12 months. In addition Eyeconomy Limited, the Group's wholly owned online advertising division, will continue to manage the sales function for the Sport.co.uk website going forward on a revenue sharing basis. </p> <p> In the year to September 2010, Sport.co.uk generated revenues of £62,000 and losses of £107,000. As at 30 September 2010 Sport.co.uk was valued on the Group's balance sheet at £135,000, meaning that the sale will result in a one off profit in the profit and loss account for the current financial year of £65,000. </p> <p> Justin Drummond, CEO, Media Corporation plc, commented: </p> <p> <i><b>"The sale of Sport.co.uk brings another boost to cash reserves and removes another loss making asset from our diverse online publishing business. The Group's trading performance will continue to improve as we sell loss making assets and re-focus the Group on our profitable and fast growing businesses."</b></i> </p> <p class="bwalignc"> <b>--ENDS--</b> </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm"> <b>Media Corporation Plc</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Justin Drummond - CEO </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <b>Northland Capital Partners limited</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <b>Tel: + 44 20 7796 8800</b> </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <b>XCAP Securities</b> </p> <p class="bwcellpmargin"> John Grant / Karen Kelly (Joint Broker) </p> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <b>Bishopsgate Communications</b> </p> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <b>Tel: + 44 20 7562 3350</b> </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Deepali Schneider / Natalie Quinn / Duncan McCormick </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading media and online gaming group. </p> <p> The Group has two principal divisions: </p> <p> Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express. </p> <p> <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=6723845&lan=en-US&anchor=www.eyeconomy.co.uk&index=2&md5=1d4d3b6a869ee96057d326bc8fd5cb9d">www.eyeconomy.co.uk</a> </p> <p> Website Publishing - Media Corp has a diversified publishing division specialising in online media and gaming. The impressive portfolio of websites includes a number of market leading websites, such as <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purple-lounge.com&esheet=6723845&lan=en-US&anchor=www.purple-lounge.com&index=3&md5=4ddf3a7418b38a012c6acfaa09de06e2">www.purple-lounge.com</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.onthebox.com&esheet=6723845&lan=en-US&anchor=www.onthebox.com&index=4&md5=004b9b18b13c1781291865d0542b9969">www.onthebox.com</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.creditcardexpert.co.uk&esheet=6723845&lan=en-US&anchor=www.creditcardexpert.co.uk&index=5&md5=801f7b018c7a3de7eef6f210eca7b893">www.creditcardexpert.co.uk</a> and <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.flightcomparison.co.uk&esheet=6723845&lan=en-US&anchor=www.flightcomparison.co.uk&index=6&md5=3462cd3bd76d273928e1706c46edeff6">www.flightcomparison.co.uk</a>. </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=6723845&lan=en-US&anchor=www.mediacorpplc.com&index=7&md5=25c772fcf98d80ee77921468ee723003">www.mediacorpplc.com</a> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110515005030r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4234305</link><pubDate>Mon, 16 May 2011 07:00:00 GMT</pubDate></item><item><title>Half-yearly Report</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignr"> <b>11 May 2011</b> </p> <p class="bwalignc"> <b>Media Corporation Plc</b> </p> <p class="bwalignc"> <b>("Media Corp" or the "Group")</b> </p> <p class="bwalignc"> <b>Interim results for the six months ended 31 March 2011</b> </p> <p> The Board of Media Corp, a leading advertising network and gaming operator, is pleased to announce its interim results for the period ended 31 March 2011. </p> <p> <b>Financial Highlights</b> </p> <ul> <li class="bwlistitemmargb"> Revenues of £13.3 million (2010: £9.9 million*) </li> <li class="bwlistitemmargb"> Gross profit of £2.6 million (2010: £2.6 million*) </li> <li class="bwlistitemmargb"> Loss before tax of £437,000 (2010: loss £241,000*) </li> <li class="bwlistitemmargb"> Operating Profit of £80,000 in March 2011 as Group performance continues to improve </li> <li class="bwlistitemmargb"> Cash of £1.5 million (March 2010: £2.3 million) enhanced by a further £1.5 million in April from the Sale of Gambling.com. </li> <li class="bwlistitemmargb"> Sale of loss making publishing assets planned to generate further cash for the Group </li> </ul> <p> <b>*</b>Note- The comparative results for March 2010 have been restated as described in Note 1 to the Financial Statements </p> <p> <b>Trading Highlights</b> </p> <ul> <li class="bwlistitemmargb"> New £1 million contract with Express Newspapers signed by wholly owned subsidiary, Eyeconomy Limited </li> <li class="bwlistitemmargb"> Purple Lounge achieves milestone of 100,000 registered customers </li> </ul> <p> Justin Drummond, CEO of Media Corp, commented: </p> <p> <i>"The Group has continued to make progress during the first half of the year having grown revenues significantly once more. The sale of Gambling.com was completed in April 2011 for £1.5 million doubling the Group's cash balances"</i> </p> <p> <i>"It is anticipated that Group cash balances will be further enhanced in the coming months through the combination of an improving trading performance and further cash receipts from the sale of underperforming publishing assets"</i> </p> <p> <i>"The Group is in a very strong financial position and will be pursuing earnings enhancing acquisitions in the coming months"</i> </p> <p class="bwalignc"> --ENDS-- </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> <b>Media Corporation Plc</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Justin Drummond, CEO </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Nilesh Jagatia, Finance Director </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> <b>Northland Capital Partners Limited</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Luke Cairns / Rod Venables (<i>Nomad</i>) </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Katie Shelton (Broking) </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> <b>XCAP Securities </b>(<i>Joint Broker</i>) </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl"> <b>Tel: + 44 20 7101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> John Grant / Karen Kelly </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> <b>Bishopsgate Communications</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> DuncanMcCormick/Deepali Schneider/Natalie Quinn </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Consolidated Unaudited Income Statement</b> </p> <p> <i><b>for the six months ended 31 March 2011</b></i> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Restated </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Year Ended </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31st March 2011 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31st March 2010 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 30th September 2010 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> (unaudited) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> (unaudited) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>(audited)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Total revenue</b> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>13,329</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>9,936</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>24,251</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> <b>Cost of sales</b> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (10,750) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (7,380) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (19,219) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Gross profit</b> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>2,579</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>2,556</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>5,032</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Administrative expenses </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (3,017) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (2,798) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (6,436) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignr bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Analysis of administrative expenses: </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Distribution costs </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (1,492) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (1,512) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (3,118) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Administrative expenses </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (1,525) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (1,286) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (3,318) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignr bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <i>(3,017)</i> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <i>(2,798)</i> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <i>(6,436)</i> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Operating loss</b> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(438)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(242)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(1,404)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Finance income </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 1 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 1 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 6 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Loss before income tax</b> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(437)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(241)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(1,398)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Income tax expense </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> <b>Loss from continuing activities attributable to equity holder of the company.</b> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(437)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(241)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(1,398)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Loss per share attributable to equity holders of the company</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>Pence per share</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>Pence per share</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>Pence per share</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Basic </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.14p) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.09p) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.43p) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Diluted </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.14p) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.08p) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.43p) </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Consolidated unaudited statement of recognised income and expense</b> </p> <p> <i><b>for the six months ended 31 March 2011</b></i> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Restated </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Year Ended </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31st March 2011 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31st March 2010 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 30th September 2010 </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> (unaudited) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> (unaudited) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>(audited)</b> </td> <td> </td> </tr> <tr> <td rowspan="2"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Currency translation differences </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 150 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 77 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (39) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> <b>Total income/(expense) recognised directly in equity</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 150 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 77 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(39)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignl"> Loss for the period </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (437) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (241) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (1,398) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignt bwalignl"> <b>Total recognised (expense)/income for the year</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(287)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(164)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(1,437)</b> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Consolidated unaudited balance sheet</b> </p> <p> <i><b>as at 31 March 2011</b></i> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Restated </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Year Ended </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31st March 2011 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31st March 2010 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2010 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> (unaudited) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> (unaudited) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>(audited)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Assets</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Non current assets</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Property, plant and equipment </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 342 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 44 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Intangibles </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6,153 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 4,768 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6,073 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Investments </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 188 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 188 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>6,441</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>5,110</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>6,305</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Current assets</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Trade and other receivables </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,999 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 734 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 670 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Cash at bank and in hand </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 1,437 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2,302 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2,153 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>3,436</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>3,036</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>2,823</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Total assets</b> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>9,877</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>8,146</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>9,128</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Liabilities</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Current liabilities</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Trade and other payables </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (4,476) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (3,738) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (3,440) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Current tax liabilities </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(4,476)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(3,738)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(3,440)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Total liabilities</b> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(4,476)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(3,738)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(3,440)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>Total assets less liabilities</b> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,401</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>4,408</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,688</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Equity</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share capital </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 5,088 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 4,798 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 5,088 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share premium </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 13,118 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 12,943 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 13,118 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Other Reserves </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,422 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,422 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,422 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Ordinary shares in treasury </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (372) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Translation reserves </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 647 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 310 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 497 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Retained Earnings </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (14,874) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (14,693) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (14,437) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>Total shareholders equity</b> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,401</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>4,408</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,688</b> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Consolidated unaudited statement of changes in shareholders' equity</b> </p> <p> <i><b>for the six months ended 31 March 2011</b></i> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Group</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Share capital</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Share premium</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Currency translation reserve</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Other reserves</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Retained earnings</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Total</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignr"> <b>£000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2008</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>4,773</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>12,927</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(305)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>1,422</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(10,924)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>7,893</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the period </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (2,645) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (2,645) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 27 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 27 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Currency translation differences </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 841 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 841 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of own shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (222) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (222) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 25 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 16 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 41 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2009</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>4,798</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>12,943</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>536</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>1,422</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(13,764)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>5,935</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the period </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (1,398) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (1,398) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Currency translation differences </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (39) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (39) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Sale of own shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>154</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 719 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 873 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 290 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 21 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 311 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2010</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>5,088</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>13,118</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>497</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>1,422</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(14,437)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>5,688</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the period </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (437) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (437) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Currency translation differences </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <ul> <li> </li> </ul> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 150 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 150 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>At 31 March 2011</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,088</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>13,118</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>647</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>1,422</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>(14,874)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom"> <b>5,401</b> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Consolidated unaudited cash flow statements</b> </p> <p> <i><b>for the six months ended 31 March 2011</b></i> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Restated </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Year Ended </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31st March 2011 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31st March 2010 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2010 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> (unaudited) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> (unaudited) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>(audited)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£'000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Operating activities</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Operating (loss)/profit </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (438) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (242) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (1,404) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Depreciation and amortisation </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 185 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (179) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 201 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Impairment of intangibles </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Decrease/(increase) in receivables </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <i>(1,330)</i> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <i>(61)</i> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 5 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Increase/(decrease) in payables </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <i>1,038</i> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <i>1,378</i> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2,080 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Other cash movements </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 26 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 58 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Taxes Paid </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 15 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 6 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Net cash (used in)/generated by operating activities</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(519)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>896</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>961</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Investing activities</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Interest received </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of property, plant and equipment </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (56) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (214) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (27) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of intangibles </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (80) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (421) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (171) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Acquisition of subsidiary undertaking </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (2,017) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Acquisition of subsidiary undertaking (net cash acquired) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 827 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Net cash (used in)/generated by investing activities</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(135)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(634)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(1,382)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Financing activities</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Issue of share capital </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 278 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Purchase / Sale of treasury shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>420</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 719 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Net cash used in financing activities</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>420</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>997</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Net (decrease)/increase in cash and cash equivalents</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>(654)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>682</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>576</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Cash and cash equivalents at beginning of period </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2,153 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,697 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,697 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Effects on exchange movements </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (62) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (77) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (120) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Cash and cash equivalents at end of period</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>1,437</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>2,302</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>2,153</b> </td> <td> </td> </tr> </table> <p> Note: In addition to the above cash balance, the Group sold Gambling.com on 27 April 2011 and the sales proceeds were $2.5m (£1.5m). </p> <p> <b>Notes to the accounts</b> </p> <p> <b>1.</b> <b>Basis of preparation</b> </p> <p> These consolidated interim financial statements of the Company and its subsidiaries ("the Group") for the six months ended 31 March 2011 have been prepared using accounting policies consistent with International Financial Reporting Standards (IFRSs). The same accounting policies, presentation and methods of computation are followed in the consolidated set of financial statements as applied in the Group's latest audited financial statements for the year ended 30 September 2010. </p> <p> These consolidated interim financial statements do not constitute Statutory Accounts under the Companies Act 2006, have not been audited, and do not include all of the information required for full annual financial statements. They should be read in conjunction with the Group's consolidated annual financial statements for the year ended 30 September 2010. The auditors' opinion on those Statutory Accounts was unqualified and did not draw attention to any other matters required by the Companies Act 2006. The Statutory Accounts for the year ended 30 September 2010 have been delivered to the Registrar of Companies. </p> <p> The comparative figures presented are for the six months ended 31 March 2010 and the year ended 30 September 2010 </p> <p> <i>Revenue</i> </p> <p> Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. Sales of goods are recognised when goods are delivered and title has passed. Sales of services are recognised when the service has been completed and invoiced to the customer. </p> <p> <i>Goodwill</i> </p> <p> The directors undertake an impairment review of goodwill at the end of each annual reporting period. </p> <p> <i>Prior Year Adjustment</i> </p> <p> The comparative figures for March 2010 have been restated to reflect the correct income recognition policy of the group and as a result, the revenues for March 2010 have reduced by £398,000, the profit for the period of £157,000 has been restated as a loss of £241,000, and net assets have reduced by £398,000. These changes which relate to March 2010 have no impact on the audited accounts for the year ended 30 September. </p> <p> <b>2. Segmental analyses</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Restated </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> The group's primary segment information is based on its operating divisions: </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Year Ended </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31st March 2011 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31st March 2010 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2,010 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£'000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Turnover analysis by business segment:</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Advertising Network </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 3,182 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,922 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>2,856</b> </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Gaming </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 10,006 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 7,714 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> <b>21,265</b> </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Internet Publishing </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 142 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 300 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>130</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Total continuing operations</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>13,329</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>9,936</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>24,251</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Trading profit</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Advertising Network </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 109 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 203 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (40) </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Gaming </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 12 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (8) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (35) </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Publishing </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (559) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (437) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (1,329) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Operating (loss)/profit</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(438)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(242)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(1,404)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Net finance income </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 6 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Loss before income tax expense</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(437)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(241)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(1,398)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Income tax expense </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Loss from continuing activities</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(437)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(241)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> <b>(1,398)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Balance Sheet</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Assets </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Advertising Network </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,011 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 937 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 695 </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Gaming </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2,286 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,230 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2,938 </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Internet Publishing </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 6,580 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 5,979 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 5495 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 9,877 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 8,146 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 9,128 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Liabilities </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Advertising Network </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (871) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (676) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (478) </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Gaming </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (3,344) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (2,102) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> (2,680) </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Internet Publishing </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (261) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (960) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (282) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (4,476) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (3,738) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> (3,440) </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>3.</b> <b>Taxation</b> </p> <p> There is no provision for UK Corporation tax due to tax losses. </p> <p> Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Recognition of the deferred tax asset is limited to the extent that the company anticipates making sufficient taxable profits in the future to absorb the reversal of the underlying timing differences. The deferred tax balance has not been discounted. The Group has a deferred tax asset of £Nil (2010: £Nil). </p> <p> <b>4.</b> <b>Earnings / (loss) per share</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <p class="bwcellpmargin"> Restated </p> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Six Months ended </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Year Ended </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31March 2011 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 31March 2010 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> 30 September 2010 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>(unaudited)</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>(unaudited)</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>(audited)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> Loss for the purpose of basic and diluted earnings per share </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (437) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (241) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (1,398) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> <b>Numbers</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> Weighted average number of ordinary shares for the purpose of basic earnings per share </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 323,445,648 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 278,364,396 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 323,445,648 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> Effective of dilutive potential ordinary shares: </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> Share warrants </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 3,900,000 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 25,084,931 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 3,900,000 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> Weighted average number of ordinary shares for the purpose of diluted earnings per share </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> 327,345,648 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> 303,449,327 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> 327,345,648 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Pence </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Pence </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Pence </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss per share - basic </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.14p) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.09p) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.43p) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss per share - diluted </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.14p) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.08p) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.43p) </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>5.</b> <b>Dividends</b> </p> <p> The Directors do not recommend the payment of a dividend. </p> <p> <b>6.</b> <b>Copies of interim results</b> </p> <p> Copies of the interim results are available at the Group´s web site at www.mediacorpplc.com. Copies of the interim results may also be obtained from the Group´s registered office: Media Corporation plc, Ground Floor, 77 Queen Victoria Street, London EC4V 4AY. </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110510007696r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4225210</link><pubDate>Wed, 11 May 2011 07:43:00 GMT</pubDate></item><item><title>Result of AGM</title><description><![CDATA[<body> <p> </p> <p class="bwalignc"> <b>Media Corporation Plc</b> </p> <p class="bwalignc"> <b>("Media Corp" or the "Company")</b> </p> <p class="bwalignc"> <b>Result of AGM</b> </p> <p> The Board of Media Corp, a leading AIM quoted media and online gaming group, announces that at the Annual General Meeting held today all resolutions were duly passed. </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> <b>Media Corporation Plc</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> Justin Drummond, CEO </td> <td> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> Nilesh Jagatia, Finance Director </td> <td> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> <b>Northland Capital Partners Limited</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> <b>Tel: + 44 20 7796 8800</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> Luke Cairns / Shane Gallwey (<i>Nomad</i>) </td> <td> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> Katie Shelton (Broking) </td> <td> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> <b>XCAP Securities </b>(<i>Joint Broker</i>) </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> John Grant / Karen Kelly </td> <td> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> <b>Bishopsgate Communications</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom"> DuncanMcCormick/Deepali Schneider/Natalie Quinn </td> <td> </td> <td class="bwsinglebottom"> </td> </tr> </table> <p> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110504006323r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4211416</link><pubDate>Wed, 04 May 2011 15:12:00 GMT</pubDate></item><item><title>Sale of Gambling.com domain</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignc"> Media Corporation Plc </p> <p class="bwalignc"> (AIM: MDC) </p> <p class="bwalignc"> ("Media Corp" or the "Group") </p> <p class="bwalignc"> <b>Sale of Gambling.com domain</b> </p> <p> The Board of Media Corp, a leading advertising network and online gaming group, is pleased to announce that it has successfully completed the sale of <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.gambling.com&esheet=6700003&lan=en-US&anchor=www.gambling.com&index=1&md5=536d884fb65110d1fcf4324d4f11fb5e">www.gambling.com</a> for $2.5 million (£1.5 million) in cash. </p> <p> Following an extensive auction process that was handled by Sedo, the World's leading domain marketplace, the transaction formally completed on 27 April with the receipt of funds and transfer of the domain name. </p> <p> Since its acquisition, Gambling.com has generated significant revenues and earnings as set out below: </p> <p> <b>Search Focus Ltd (a wholly owned subsidiary and the owner of Gambling.com), Profit and Loss accounts. (USD's)</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <i><b>Audited</b></i> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <i><b>Audited</b></i> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <i><b>Audited</b></i> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <i><b>Audited</b></i> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <i><b>Audited</b></i> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <i><b>Unaudited</b></i> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <i><b>Total</b></i> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <p class="bwcellpmargin"> <b>Year ended</b><br></br><b>Sep</b> </p> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <p class="bwcellpmargin"> <b>Year ended</b><br></br><b>Sep</b> </p> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <p class="bwcellpmargin"> <b>Year ended</b><br></br><b>Sep</b> </p> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <p class="bwcellpmargin"> <b>Year ended</b><br></br><b>Sep</b> </p> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <p class="bwcellpmargin"> <b>Year ended</b><br></br><b>Sep</b> </p> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <p class="bwcellpmargin"> <b>Year ended</b><br></br><b>Sep</b> </p> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Year</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2005 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2006 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2007 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2008 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2009 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2010 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>$'000</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>$'000</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>$'000</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>$'000</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>$'000</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>$'000</b> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl1 bwvertalignb bwalignl"> <b>Turnover</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2,490 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 5,771 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2,096 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 817 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 833 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 1180 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 13,187 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl1 bwpadb1 bwvertalignb bwalignl"> <b>EBITDA</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 1,772 </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 5,308 </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 1,687 </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (308) </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (605) </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (40) </td> <td class="bwsinglebottom"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 7,814 </td> <td> </td> </tr> </table> <p> Overall, considering the impact on both the profitability and the value of Gambling.com resulting from the US online gaming ban, to have generated $13.2 million (£8 million) in revenues and a further $2.5 million (£1.5 million) for the sale of the domain, taken together the Directors consider the sale and realisation of cash to be a satisfactory result. </p> <p> As at 30 September 2010 Gambling.com was valued on the Group's balance sheet at $4.25 million (£2.6 million), meaning that the sale will result in a one off loss in the profit and loss account for the current financial year of $1.75 million (£1.1 million). </p> <p> The transaction includes only the Gambling.com domain name and website. The Group has retained ownership of a number of significant assets relating to the business of Gambling.com including intellectual property, customer databases and infrastructure. It is anticipated that these assets will be of significant economic benefit to <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purplelounge.com&esheet=6700003&lan=en-US&anchor=www.purplelounge.com&index=2&md5=0a91b4827b5001c0f9a63ff8df001ea5">www.purplelounge.com</a>, the Group's online gaming business. </p> <p> Justin Drummond, CEO, Media Corporation plc, commented: </p> <p> <b>"The sale of Gambling.com brings a significant boost to the Group's already substantial cash reserves; we have recently seen a number of exciting acquisition opportunities in the online gaming and online advertising space. The successful sale of </b><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.gambling.com&esheet=6700003&lan=en-US&anchor=www.gambling.com&index=3&md5=2270e2ddc896d5b1c32c1afe46bdb1ee"><b>www.gambling.com</b></a><b> has given the Group more than adequate financial resources to pursue these acquisition opportunities aggressively."</b> </p> <p> Liesbeth Mack-de-Boer, CSO at Sedo, commented, </p> <p> <b>"The high sale price paid for Gambling.com is a real confidence booster for the global domain name industry and demonstrates the value companies are still prepared to place on their digital assets."</b> </p> <p class="bwalignc"> <b>--ENDS--</b> </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm"> <b>Media Corporation Plc</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Justin Drummond - CEO </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <b>Northland Capital Partners limited</b> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <b>Tel: + 44 20 7796 8800</b> </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <p class="bwcellpmargin"> <b>XCAP Securities</b> </p> <p class="bwcellpmargin"> John Grant / Karen Kelly (Joint Broker) </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt"> <b>Tel: + 44 207 101 7070</b> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <b>Bishopsgate Communications</b> </p> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <b>Tel: + 44 20 7562 3350</b> </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Duncan McCormick / Deepali Schneider / Natalie Quinn </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading media and online gaming group. </p> <p> The Group has two principal divisions: </p> <p> Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express.<br></br><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=6700003&lan=en-US&anchor=www.eyeconomy.co.uk&index=4&md5=82e62f439bde684a5d64e0873aaa9337">www.eyeconomy.co.uk</a> </p> <p> Website Publishing - Media Corp has a diversified publishing division specialising in online media and gaming. The impressive portfolio of websites includes a number of market leading websites, such as <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purple-lounge.com&esheet=6700003&lan=en-US&anchor=www.purple-lounge.com&index=5&md5=b94e83c881b5be58ec6bab0e0087c804">www.purple-lounge.com</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.onthebox.com&esheet=6700003&lan=en-US&anchor=www.onthebox.com&index=6&md5=262e30d7bd40f3b3049d9b6cb387b6e3">www.onthebox.com</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sport.co.uk&esheet=6700003&lan=en-US&anchor=www.sport.co.uk&index=7&md5=9c5f34a20a658e17da8b192e38c56365">www.sport.co.uk</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.creditcardexpert.co.uk&esheet=6700003&lan=en-US&anchor=www.creditcardexpert.co.uk&index=8&md5=621b9977788d8efcf1927e2a7ed41012">www.creditcardexpert.co.uk</a> and <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.flightcomparison.co.uk&esheet=6700003&lan=en-US&anchor=www.flightcomparison.co.uk&index=9&md5=aa4eb1b60d590b883dfc19a4b566d10f">www.flightcomparison.co.uk</a>. </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=6700003&lan=en-US&anchor=www.mediacorpplc.com&index=10&md5=9eeaadb6c09c2052fc06823892477bab">www.mediacorpplc.com</a> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110427006892r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4199210</link><pubDate>Thu, 28 Apr 2011 07:00:00 GMT</pubDate></item><item><title>Final Results</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignc"> <b>Media Corporation plc</b> </p> <p class="bwalignc"> <b>("Media Corp" or the "Group")</b> </p> <p class="bwalignc"> <b>Final RESULTS</b> </p> <p class="bwalignc"> <b>FOR THE YEAR ENDED 30 SEPTEMBER 2010</b> </p> <p> Media Corporation plc, a leading AIM quoted media and online gaming group, announces its audited results for the year ended 30 September 2010. </p> <p> <b>Operational Highlights</b> </p> <p> <b>Financial highlights</b> </p> <ul> <li class="bwlistitemmargb"> Group Revenue £ 24.3m ( 2009: £3.5m) - Increased by 594% </li> <li class="bwlistitemmargb"> Gross Profit £5m (2009: £0.9m) - Increased by 456% </li> <li class="bwlistitemmargb"> Operating Loss £1.4m ( 2009: 2.7m) - reduced by 47% </li> <li class="bwlistitemmargb"> Cash Balances at the year end £2.2m (2009: £1.7m) </li> </ul> <p> <b>Business highlights</b> </p> <ul> <li class="bwlistitemmargb"> Acquisition of Purple Lounge, a leading online poker and casino operator </li> <li class="bwlistitemmargb"> Removal of the Gambling.com Google penalty </li> <li class="bwlistitemmargb"> Upgraded Ad-serving capability for Eyeconomy, the Group's advertising network </li> <li class="bwlistitemmargb"> Re-launch of Gambling.com website </li> <li class="bwlistitemmargb"> Purple Lounge reached milestone of 100,000 registered customers </li> <li class="bwlistitemmargb"> Eyeconomy signed new contract with Express Newspapers </li> </ul> <p> Commenting on the results, Justin Drummond, Chief Executive, of Media Corp, said: </p> <p> "The Board is pleased with the progress that Media Corp has made during 2010. During the year the Group made a significant step forward with the acquisition of internet gaming business Purple Lounge. The acquisition provided a huge increase in revenues for the Group as a whole; in addition this has brought a well established and scalable business which has benefited from the Group's extensive online marketing expertise". </p> <p> The 2010 Annual Report and Accounts together with the notice of annual general meeting and proxy materials have today been sent to shareholders. These are also be available at the Company's registered office and website, <a href="http://www.mediacorpplc.com">www.mediacorpplc.com</a>. Further information can be found on the company's website, at <a href="http://www.mediacorpplc.com"><b>www.mediacorpplc.com</b></a> or by contacting: </p> <p> Contacts: </p> <p> <b>ENQUIRES</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm"> <b>Media Corporation Plc</b> </td> <td class="bwpadl0 bwvertalignm"> </td> <td class="bwpadl0 bwvertalignm"> <b>Tel: +44 20 7618 9000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Justin Drummond - CEO </td> <td> </td> <td class="bwpadl0 bwvertalignm"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Nilesh Jagatia - Finance Director </td> <td> </td> <td class="bwpadl0 bwvertalignm"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <b>Northland Capital Partners limited</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> <b>Tel: + 44 20 7492 4750</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td class="bwpadl0 bwvertalignm"> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> Katie Shelton (Joint Broker) </td> <td> </td> <td class="bwpadl0 bwvertalignm"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <b>Bishopsgate Communications</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> <b>Tel: + 44 20 7562 3350</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> Duncan McCormick/Deepali Schneider/Natalie Quinn </p> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignm"> <p class="bwcellpmargin"> <a href="mailto:mediacorp@bishopsgatecommunications.com">mediacorp@bishopsgatecommunications.com</a> </p> </td> <td> </td> <td class="bwpadl0 bwvertalignm"> </td> </tr> </table> <p> <b>Chairman's Statement</b> </p> <p> 2010 has been a mixed year for Media Corporation. The Group made a significant step forward with the acquisition of Purple Lounge which provided a huge increase in revenues for the Group as a whole, Eyeconomy has had a positive year of revenue growth but the online publishing business has proved disappointing and contributed in a like for like fall in revenues for the continuing operations. </p> <p> <b>Purple Lounge</b> </p> <p> The acquisition of Purple Lounge Limited ("Purple Lounge") brought an already sizeable and completely scalable business into the Group and one which could benefit from the Group's extensive online marketing experience. Purple Lounge has continued to grow throughout the year and this trend has continued into the first few months of this financial year. </p> <p> This strong performance at Purple Lounge has been driven by a number of new marketing initiatives that have gained momentum since the acquisition in October 2009. Whilst direct marketing has been a priority, the Purple Lounge team has also strengthened its team with the addition of a very experienced poker and casino manager's and a multilingual customer support and customer re-activation team covering four languages. </p> <p> In addition, Purple Lounge has agreed over 300 new affiliate contracts during the year. As a result of these initiatives daily customer registrations and player activity have escalated rapidly and it is anticipated that this trend will continue during the course of 2011. </p> <p> In addition, when the Group acquired Purple Lounge in October 2009, it had 77,475 registered users and by utilising our online advertising and marketing expertise we grew this database to over 100,000 registered users in August last year, an increase of over 29% from when we acquired it. Furthermore, the conversion to cash depositors on the day of registration is currently running at over 30% which is significantly higher than the industry average. </p> <p> <b>Eyeconomy</b> </p> <p> Eyeconomy had another year of revenue growth and built the foundations necessary for sustained profitability going forward. The new lead generation division has performed exceptionally well to the Directors are optimistic for its growth in the coming year. </p> <p> In addition, during the year the Group made a planned upgrade to the advertising delivery system at Eyeconomy. This upgrade provides Eyeconomy with greater capacity to deliver its proprietary advertising formats ("Sub Sites") as well as making enhanced reporting tools available to advertisers to track campaigns. Previously, peak advert distribution volume was estimated at 30 million Sub Sites per month. Following completion of the upgrade, the Directors estimate that peak capacity has increased to approximately 150 million Sub Sites per month. Current run-rate figures are estimated at over 50 million Sub Sites which includes over 100 individual campaigns for leading brands including Vodafone, UPS and PKR.com. </p> <p> This increased capacity and functionality will allow Eyeconomy to deliver larger campaigns whilst also servicing a greater number of clients simultaneously. The Directors also believe that the increased system functionality will lead to decreased CPA (cost per acquisition) resulting in the ability to achieve higher sales margins. </p> <p> <b>Online Publishing</b> </p> <p> The business of the publishing division has continued to be challenging during the year. As announced post year end we are undertaking an auction for the sale of Gambling.com. There have been a number of bidders and the Directors anticipate the auction process to be nearing completion at which point an announcement will be made. The Board is also considering the sale of other underperforming publishing assets and this review will continue through 2011. </p> <p> During the current financial year there has, overall, been a material shift in the Group's fortunes and in particular we have benefited from a strong performance by Purple Lounge and Eyeconomy. We feel very positive about the outlook and we look forward to providing further updates over the course of the year. </p> <p> Jason Drummond </p> <p> 31 March 2011 </p> <p> <b>Business Review</b> </p> <p> <b>For the year ended 30 September 2010</b> </p> <p> Throughout 2010, Media Corporation continued consolidating its ongoing strategy to invest in the Group's growth and streamline costs within the business. This investment took place in the acquisition of Purple Lounge, personnel and technology and resulted in more efficient operations during the financial year. </p> <p> The Group now has three principal divisions: Internet Gaming, Advertising Network and Internet Publishing: </p> <p> <b>Internet Gaming</b> </p> <p> Purple Lounge is an internet gaming company which was established in 2005 with a gaming Licence in Malta. Purple Lounge was acquired during the financial year and the Group used its in-depth expertise in developing and monetising the brand which offers poker, card and casino games. </p> <p> <b>Advertising Network</b> </p> <p> The Advertising Network business, Eyeconomy, was established in 1996 and is a separate operating division of Media Corporation. Eyeconomy specialises in online media planning as well as buying and managing online media campaigns for clients including AOL, Dell, T-Mobile and American Express. </p> <p> The division currently: </p> <ul> <li class="bwlistitemmargb"> produces dynamic and engaging online advertising solutions including exit traffic (Sub Sites), rich-media floating toolbar (Sub Lines) and has recently launched a new online advertising division </li> <li class="bwlistitemmargb"> offers a total reach of 50 million unique users every month, from over 850 quality host sites in all major channels including Finance, Travel, Motors, Sport, Male/Female, Student/Youth, Property, Entertainment, Film, Music and TV, Mobile/Gadget and Recruitment </li> <li class="bwlistitemmargb"> produces in-house creative media </li> <li class="bwlistitemmargb"> boasts a Brand team whose successful contract wins include the Express Newspaper Group </li> <li class="bwlistitemmargb"> is seeing return value on significant presence at trade shows and in trade PR </li> </ul> <p> <b>Internet Publishing</b> </p> <p> Media Corporation has a diverse publishing division specialising in premium destinations and portals. </p> <p> Our impressive portfolio of websites includes a number of market-leading sites including Onthebox.com (UK's definitive TV listings and entertainment guide with over 2 million unique visitors per month), Sport.co.uk (sport content site with 2 million unique visitors), Flightcomparison.co.uk (a leading flight booking portal), Gambling.com (a comprehensive gambling and sports portal providing industry news, tips and strategies) and Creditcardexpert.co.uk (a credit card comparison website). </p> <p> <b>Financial Overview</b> </p> <p> The audited results for the year ended 30 September 2010 show a better overall performance for the business than the previous year with turnover having increased by 594% to £24.3m (2009: £3.5m). The gross profit increased by 456% to £5m (2009: £0.9m). Operating loss reduced by 47% to £1.4m (2009: £2.7m) Net assets were £5.6m (2009: £5.9m) and cash at the end of the financial year was £2.2m (2009: £1.7m). </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> <b>Key Performance Indicators (KPI's)</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> <b>FY2010</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> <b>FY2009</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom" rowspan="2"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom" rowspan="2"> £million </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom" rowspan="2"> £million </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Revenue - Continuing Operations </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 3.0 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 3.5 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Revenue - Acquired Operations </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 21.3 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> <b>Total Revenue</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>24.3</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>3.5</b> </td> <td> </td> </tr> <tr> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Gross Profit </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 5.0 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 0.9 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Operating Loss </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (1.4) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (2.7) </td> <td> </td> </tr> <tr> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> <td class="bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Net Assets </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 5.6 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 5.9 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Cash </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 2.2 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 1.7 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Other non-financial KPI </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwsinglebottom"> Employees - Number </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 38 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 37 </td> <td> </td> </tr> </table> <p> <b>Current trading and prospects</b> </p> <p> The Board is aiming for continued growth during 2011, as we seek to maximize the potential of the Group's Internet Gaming, Publishing and Advertising businesses and is targeting a return to profitability. Following the successful acquisition of Purple Lounge it is the Board's strategy to focus on the online gaming sector and the Board will continue to look to strengthen the business further by strategic acquisitions in the current year. </p> <p> The Directors are hopeful of a successful conclusion to the auction process for gambling.com which should strengthen the cash position and balance sheet of the Company and provide capital for further expansions. </p> <p> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Justin Drummond </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl"> Nilesh Jagatia </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Chief Executive </td> <td> </td> <td> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl"> Group Finance Director </td> </tr> </table> <p> </p> <p> <b>Consolidated Income Statement</b> </p> <p> <b>For the year ended 30 September 2010</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt" rowspan="3"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>Total</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc" rowspan="3"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>Total</b> </td> <td> </td> </tr> <tr> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>Notes</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2010</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2009</b> </td> <td> </td> </tr> <tr> <td> </td> <td class="bwpadl0 bwvertalignt bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£000</b> </td> <td> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Revenue</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Acquisition during the year </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 21,266 </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Continuing operations </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 2,985 </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 3,507 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Total revenue</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>24,251</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>3,507</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Cost of sales</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Acquisition during the year </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (17,161) </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Continuing operations </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (2,057) </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (2,617) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Gross profit</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>5,032</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>890</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Selling and distribution costs </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (3,118) </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (276) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Administrative expenses </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (3,318) </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (2,914) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Exceptional loss </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>4</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (398) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Total Operating costs </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (6,436) </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (3,588) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Operating loss</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>4</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(1,404)</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(2,698)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Finance income </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>7</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 6 </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 39 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Loss before income tax</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(1,398)</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(2,659)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Income tax expense </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>8</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 14 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignt bwalignl"> <b>Loss from continuing activities attributable to equity holder of the company.</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>(1,398)</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>(2,645)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Loss earnings per share attributable to equity holders of the company</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>9</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>Pence per share</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>Pence per share</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Basic </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.43p) </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.90p) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignt"> Diluted </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (0.43p) </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (0.83p) </td> <td> </td> </tr> </table> <p> The Company has elected to take exemption under section 408 of the Companies Act 2006 to not present the parent Company income statement. The loss for the Company is shown in the Statement of changes in shareholders' equity. </p> <p> <b>Balance Sheets</b> </p> <p> <b>As at 30 September 2010</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Group</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Group</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Company</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Company</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2010</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2009</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2010</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2009</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Notes</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Assets</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Non current assets</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Property, plant and equipment </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>10</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 44 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 85 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 47 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 80 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Intangibles </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>11</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 6,073 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 4,830 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 209 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 229 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Investments </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>12</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 188 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 6,530 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 6,530 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Deferred tax asset </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>17</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 8 </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 8 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>6,305</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>4,923</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>6,786</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>6,847</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Current assets</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Trade and other receivables </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>13</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 670 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 675 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2,585 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2,167 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Cash at bank and in hand </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>14</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 2,153 </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 1,697 </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 276 </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 187 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>2,823</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>2,372</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>2,861</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>2,354</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Total assets</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>9,128</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>7,295</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>9,647</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>9,201</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Liabilities</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Current liabilities</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Trade and other payables </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>15</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (3,440) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (1,342) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (1,364) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (927) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Current tax liabilities </td> <td> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>15</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (18) </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(3,440)</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(1,360)</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(1,364)</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(927)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Total liabilities</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(3,440)</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(1,360)</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(1,364)</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(927)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>Total assets less liabilities</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,688</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,935</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>8,283</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>8,274</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Equity</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share capital </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>18</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 5,088 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 4,798 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 5,088 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 4,798 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share premium </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 13,118 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 12,943 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 12,964 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 12,943 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Other reserves </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 1,422 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 1,422 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 1,422 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 1,422 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Translation reserve </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 497 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 536 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Retained earnings </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (14,437) </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (13,764) </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (11,189) </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (10,889) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>Total shareholders equity</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,688</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,935</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>8,285</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>8,274</b> </td> <td> </td> </tr> </table> <p> Company registration number 4058698 </p> <p> The financial statements were approved by the Board on 31 March 2011 and were signed on its behalf by: </p> <p> Justin Drummond Nilesh Jagatia </p> <p> Chief Executive Officer Group Finance Director </p> <p> <b>Consolidated Statement of changes in shareholders' equity</b> </p> <p> <b>for the year ended 30 September 2010</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignm bwalignl"> <b>Group</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Share capital</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Share premium</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Currency translation reserve</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Other reserves</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Retained earnings</b> </td> <td> </td> <td class="bwpadl0 bwvertalignm bwalignr"> <b>Total</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 1 October 2007</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>4,764</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>12,917</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(471)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>1,422</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>852</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>19,484</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the year </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (11,279) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (11,279) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Currency translation differences </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 166 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 166 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of own shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (497) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (497) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 9 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 10 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 19 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2008</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>4,773</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>12,927</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(305)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>1,422</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(10,924)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>7,893</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the year </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (2,645) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (2,645) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 27 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 27 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Currency translation differences </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 841 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 841 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of own shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (222) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (222) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 25 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 16 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 41 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>At 30 September 2009</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>4,798</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>12,943</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>536</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>1,422</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(13,764)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>5,935</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss for the year </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (1,398) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (1,398) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 6 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 6 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Currency translation differences </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (39) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (39) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Sale of own shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>-</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 719 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 719 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Issue of shares </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 290 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 175 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 465 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>At 30 September 2010</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,088</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>13,118</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>497</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>1,422</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>(14,437)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,688</b> </td> <td> </td> </tr> </table> <p> <b>Parent Company Statement of changes in shareholders' equity for the year ended 30 September 2010</b> </p> <p> <b>[OBJECT OMITTED]</b> </p> <p> <b>Consolidated statement of recognised income and expenses</b> </p> <p> <b>for the year ended 30 September 2010</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt" rowspan="2"> </td> <td class="bwpadl0 bwvertalignt" rowspan="2"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2010</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2009</b> </td> <td> </td> </tr> <tr> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignt bwalignc"> <b>£000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> Currency translation differences </td> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (39) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 841 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt"> <b>Total income recognised directly in equity</b> </td> <td class="bwpadl0 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(39)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>841</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignt"> Loss for the year </td> <td class="bwpadl0 bwpadb1 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (1,398) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (2,645) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignt"> <b>Total recognised expense for the year</b> </td> <td class="bwpadl0 bwpadb3 bwvertalignt"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>(1,437)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>(1,804)</b> </td> <td> </td> </tr> </table> <p> All amounts attributable to equity holders of the company </p> <p> <b>Consolidated Cash Flow Statement</b> </p> <p> <b>for the year ended 30 September 2010</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2010</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2009</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Operating activities</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Operating loss </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (1,404) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (2,698) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Depreciation and amortisation </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 201 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 255 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Decrease in receivables </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 5 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 78 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Increase in payables </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2,172 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 107 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Other cash movements </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 58 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Taxes paid </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 15 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Share based payments </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 6 </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 68 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Net cash used in operating activities</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>1,053</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(2,190)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Investing activities</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Interest received </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 6 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 39 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of property, plant and equipment </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (27) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (34) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Purchase of intangibles </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (171) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (82) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Acquisition of subsidiary undertaking - Net Assests </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (2,017) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Acquisition of subsidiary undertaking -net cash acquired </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 827 </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Net cash used in investing activities</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(1,382)</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(77)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Financing activities</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Issue of share capital from exercised warrants </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 278 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> - </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Sale /(purchase) of treasury shares </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 719 </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (222) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Net cash used in financing activities</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>997</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(222)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Net increase /(decrease) in cash and cash equivalents</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>668</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(2,488)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Cash and cash equivalents at beginning of period </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 1,697 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 3,809 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Effects on exchange movements </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (212) </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 376 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Cash and cash equivalents at end of period</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>2,153</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>1,697</b> </td> <td> </td> </tr> </table> <p> <b>Notes to the Financial Statements</b> </p> <p> <b>for the year ended 30 September 2010</b> </p> <p> <b>1.</b> <b>General Information</b> </p> <p> Media Corporation plc ("the Company") and its subsidiaries (together "the Group") is engaged in Internet advertising, internet gaming and internet publishing. The Company is a public limited company which is listed on the AIM Market of the London Stock Exchange and is incorporated and domiciled in the United Kingdom. The address of the registered office is 77 Queen Victoria Street, London EC4V 4AY. </p> <p> The registered number of the Company is 4058698. </p> <p> These financial statements are presented in pounds sterling because that is the currency of the primary economic environment in which the Group operates. Media Corporation has the following subsidiaries: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> <b>Name of Company</b> </td> <td> </td> <td class=" bwvertalignb bwalignr"> <b>Proportion Held</b> </td> <td> </td> <td class=" bwvertalignb bwalignc"> <b>Class of shareholding</b> </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> <b>Nature of Business</b> </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> <b>Subsidiary undertakings</b> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Xworks Limited </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Publishing </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Eyeconomy Limited </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Advertising </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Search Focus Limited </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Publishing </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Newbold Publications Limited </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 51% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Publishing </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Result Online Limited </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Publishing </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Flight Comparison Limited </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Publishing </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Purple Lounge Limited </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Gaming </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Purple Lounge (Malta ) Limited </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Gaming </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Purple Lounge N.V. </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Gaming </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Career Plus Limited * </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> IT Recruitment Agency </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Interactive Consulting Limited T/A Nash Digital </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Advertising </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Gambling.com Limited </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Dormant </td> <td> </td> </tr> <tr> <td class="bwpadl3 bwvertalignb bwalignl"> Gaming Corporation (Curacao) Limited </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 100% </td> <td> </td> <td class=" bwvertalignb bwalignc"> Ordinary </td> <td> </td> <td class="bwpadl3 bwvertalignb bwalignl"> Internet Publishing </td> <td> </td> </tr> </table> <p> * - Indirectly held </p> <p> <b>2.</b> <b>Financial Information</b> </p> <p> The financial information relating to the year ended 30 September 2010 set out in this announcement does not constitute statutory accounts as defined in Section 435 of the Companies Act 2006, but has been extracted from the statutory accounts, which received an unqualified auditors' report and which have not yet been filed with the Registrar of Companies. The financial information relating to the period ended 30 September 2009 is extracted from the statutory accounts, which incorporated an unqualified audit report and which has been filed with the Registrar of Companies. </p> <p> <b>3.</b> <b>Accounting policies</b> </p> <p> <b>Basis of preparation</b> </p> <p> The annual report and accounts of Media Group plc have been prepared in accordance with IFRS as adopted by the European Union, IFRIC interpretations, the Companies Act 2006 applicable to companies reporting under IFRS and the AIM listing rules. The annual report and accounts have been prepared under the historic cost convention as modified by available for sale financial assets and financial assets and financial liabilities at fair value through profit or loss. </p> <p> The annual report and accounts have been prepared on a going concern basis in accordance with the Group's accounting policies set out below which are based on the recognition and measurement principles of IFRS. </p> <p> The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are shown below. </p> <p> <b>Fundamental accounting concept - going concern</b> </p> <p> The financial statements have been prepared on the assumption that the Group is a going concern. The accounts of the Group for the year ended 30 September 2010 show a loss including exceptional items for the year of £1.5 million. </p> <p> At the date of these financial statements the Group's ability to continue as a going concern reflects the net funds of £2.2 million cash available to the Group at the year end and the forecasts for the Group for the current financial year. On this basis, in the opinion of the Directors, the financial statements have been properly prepared on the assumption that the Group is a going concern. </p> <p> <b>Basis of consolidation</b> </p> <p> <b>Subsidiaries</b> </p> <p> Subsidiaries are all entities over which the Group (directly or indirectly) has the power to govern the financial and operating policies generally accompanying a shareholding of more than one half of the voting rights. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are excluded from the consolidation from the date on which control ceases. </p> <p> The Group uses the purchase method of accounting to account for the acquisition of subsidiaries. The cost of an acquisition is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the acquisition. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date, irrespective of the extent of any minority interest. The excess of the cost of acquisition over the fair value of the Group's share of the identifiable net assets acquired is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognised directly in the income statement for the year. </p> <p> Intra-group transactions, balances and unrealised gains on intra-group transactions are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Subsidiaries' accounting policies have been changed where necessary to ensure </p> <p> consistency with the policies adopted by the Group. </p> <p> <b>Transactions and Minority Interests</b> </p> <p> The Group applies a policy of treating transactions with minority interests as transactions with parties external to the Group. Disposals to minority interests result in gains and losses for the Group that are recorded in the income statement. Purchases from minority interests result in goodwill, being the difference between any consideration paid and the relevant share acquired of the carrying value of the net assets of the subsidiary. </p> <p> <b>Segmental reporting</b> </p> <p> A business segment is a group of assets and operations engaged in providing products or services that are subject to risks and returns that are different from those of other business segments. A geographical segment is engaged in providing products or services within a particular economic environment that are subject to risks and return that are different from those in segments operating in other economic environments. </p> <p> <b>Foreign currency</b> </p> <p> The individual financial statements of each Group Company are presented in the currency of the primary economic environment in which it operates (its functional currency). For the purpose of the consolidated financial statements, the results and financial position of each Group Company are expressed in Pounds sterling, which is the functional currency of the Company, and the presentation currency for the consolidated financial statements. </p> <p> In preparing the financial statements of the individual companies, transactions in currencies other than the entity's functional currency (foreign currencies) are recorded at rates of exchange prevailing on the dates of the transactions. At the balance sheet date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the balance sheet date. </p> <p> Non-monetary items carried at fair value that are denominated in foreign currencies are translated at the rates prevailing at the date when the fair value was determined. Non-monetary items that are measured in terms of historical cost in foreign currency are not retranslated. </p> <p> Exchange differences arising on the settlement of monetary items, and on the retranslation of monetary items, are included in profit or loss for the period. Exchange differences arising on the retranslation of non-monetary items carried at fair value are included in the profit and loss account for the period except for differences arising on the retranslation of non-monetary items in respect of which gains and losses are recognised directly in equity. For such monetary items, any exchange component of the gain or loss is also recognised directly in equity. </p> <p> For the purpose of presenting consolidated financial statements, the assets and liabilities of the Group's foreign operations are translated at exchange rates prevailing on the balance sheet date. </p> <p> Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during the period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are classified as equity and transferred to the Group's translation reserve. Such translation differences are recognised as income and expense in the period in which the operation is disposed of. </p> <p> Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing rates. </p> <p> <b>Revenue recognition</b> </p> <p> Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. </p> <p> Sales of goods are recognised when goods are delivered and title has passed. </p> <p> Sales of services are recognised when the service has been completed and invoiced to the customer. </p> <p> Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount. </p> <p> <b>Leased assets</b> </p> <p> Where the assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable over the term of the lease. The corresponding leasing commitments are shown as a liability. Where a finance lease has been awarded to a group entity at a non-commercial interest rate is applied. Depreciation on the relevant assets is charged to the income statement. </p> <p> All other leases are treated as operating leases. Their annual rentals are charged to the income statement on a straight line basis over the term of the lease. </p> <p> <b>Property, plant and equipment</b> </p> <p> Property, plant and equipment are stated at cost less accumulated depreciation and any recognised impairment loss. </p> <p> The cost of property, plant and equipment includes those costs which are directly attributable to purchasing the assets and bringing them into working condition. The Group does not capitalise interest as part of the cost of property, plant and equipment. </p> <p> Subsequent costs are included in the asset's carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred. </p> <p> Depreciation is provided on the following tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value based on prices prevailing at the date of acquisition or revaluation, of each asset evenly over its expected useful life as follows: </p> <p> Fixtures and fittings 25% reducing balance </p> <p> Office equipment 25% reducing balance </p> <p> Computer equipment 33.3% per annum </p> <p> Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'Operating expenses' in the Income Statement. </p> <p> The Group reviews its depreciation rates regularly to take account of any changes in circumstances. When setting useful economic lives, the principal factors the Group takes into account are the expected rate of technological developments and the intensity at which the assets are expected to be used. </p> <p> The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date. </p> <p> <b>Intangible assets</b> </p> <p> <b>Goodwill</b> </p> <p> Goodwill represents the excess of the cost of an acquisition over the fair value of the Group's share of the net identifiable assets of the acquired subsidiary at the acquisition date. Goodwill on acquisition of subsidiaries is included in goodwill and intangible assets. Goodwill is tested annually for impairment and carried at cost less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. </p> <p> Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation is made to those cash generating units that are expected to benefit from the business combination in which the goodwill arose. </p> <p> In accordance with IFRS 3 'Business Combinations', any excess of acquirer's interest in the fair value of acquiree's identifiable net assets is immediately recognised in the income statement. </p> <p> <b>Computer software</b> </p> <p> Acquired computer software licenses are capitalised on the basis of the costs incurred to acquire and bring into use the specific software. These costs are amortised over their useful economic lives (3 to 5 years). Costs associated with developing and maintaining computer software programmes are recognised as an expense when incurred, subject to the capitalization criteria of IAS 38. </p> <p> <b>Trade names/Domain names</b> </p> <p> Acquired trade names/domain names are recognised where their fair value can be reliably measured. These assets are considered to have finite lives and are tested annually for impairment and carried at cost less accumulated impairment losses. </p> <p> <b>Website costs</b> </p> <p> Acquired websites are capitalised where their fair value can be reliably measured. Development of these websites are also capitalised as long as there are considered generating revenues. These assets are considered to have finite lives and are amortised on a straight line basis over their useful economic lives of 3 years. </p> <p> <b>Impairment of non current assets</b> </p> <p> The carrying amount of the Group's assets, other than deferred income tax assets, are reviewed at each </p> <p> balance sheet date to determine whether there is any indication of impairment. Assets that have an indefinite economic life are not subject to amortisation and are tested annually for impairment. </p> <p> If an indicator of a possible impairment is noted, the need for any asset impairment provision is assessed by comparing the carrying value of the asset against the higher of fair value less costs to sell or value in use (recoverable amount). An impairment loss is recognised whenever the carrying amount of an asset exceeds its recoverable amount. Impairment losses are recognised in the income statement. For the purposes of assessing impairment, the assets are grouped at the lowest levels for which they have separately identifiable cash flows (cash generating units). </p> <p> Impairment losses recognised in the income statement in respect of cash-generating units are allocated first to reduce the carrying amount of any goodwill allocated to cash-generating units (groups of units) and then, to reduce the carrying amount of the other assets of the unit (group of units) on a pro rata basis. </p> <p> Impairment charges are included in the administrative expenses line item in the income statement, except to the extent they reverse gains previously recognised in the statement of recognised income and expenses. </p> <p> <b>Financial instruments</b> </p> <p> Financial assets and financial liabilities are recognised on the Group's balance sheet when the Group becomes a party to the contractual provisions of the instrument. </p> <p> <b>Cash and cash equivalents</b> </p> <p> Cash and cash equivalents are carried in the balance sheet at cost. Cash and cash equivalents comprise cash on hand, deposits held on call with banks and other short-term highly liquid investments with original maturities of three months or less. </p> <p> <b>Trade and other receivables</b> </p> <p> Trade receivables are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, less provision for impairment. A provision for impairment of trade receivables is established when there is objective evidence that the Group will not be able to collect all amounts due according to the original term of the receivable. The amount of the provision is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the original effective interest rate. The carrying amount of the asset is reduced through the use of an allowance account, and the amount of the loss is recognised in the income statement within 'Operating expenses'. When a trade receivable is uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited to 'Operating expenses' within the income statement. </p> <p> <b>Loans and receivables</b> </p> <p> Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for maturities greater than 12 months after the balance sheet date. Loans and receivables are initially recognised at cost, being the fair value of consideration together with any associated issue costs. After initial recognition, interest bearing loans are subsequently measured at amortised cost using the effective interest method. Amortised cost is calculated taking into account any issue costs and discount or premium on settlement. </p> <p> <b>Share capital</b> </p> <p> Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of equity instruments are shown in equity as a deduction from the proceeds, net of tax. </p> <p> Where any Group company purchases the Company's equity share capital (treasury shares), the consideration paid, including any directly attributable incremental costs (net of income taxes) is deducted from equity attributable to the Company's equity holders until the shares are cancelled or reissued. Where such shares are subsequently reissued, any consideration received, net of any directly attributable incremental costs (net of income taxes), is included in equity attributable to the Company's equity holders </p> <p> <b>Trade payables</b> </p> <p> Trade payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method. </p> <p> <b>Borrowings</b> </p> <p> Borrowings are recognised initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognised in the income statement over the period of the borrowings using the effective interest method. </p> <p> Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date. </p> <p> Borrowing costs are expensed to the income statement unless used to fund a qualifying asset as described by IAS 23. </p> <p> <b>Current and deferred income tax</b> </p> <p> The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Group's subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. </p> <p> Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. However, if the deferred income tax arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss, it is not accounted for. </p> <p> Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realised or the deferred income tax liability is settled. </p> <p> Deferred income tax assets are recognised to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. </p> <p> Deferred income tax is provided on temporary differences arising on investments in subsidiaries and associates, except where the Group controls the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. </p> <p> <b>Share based payments Transactions</b> </p> <p> Employees (including Directors) of the Group receive remuneration in the form of share-based payment transactions, whereby employees render services as consideration for equity instruments ('equity-settled transactions'). In situations where equity instruments are issued and some or all of the goods or services received by the entity as consideration cannot be specifically identified, they are measured as the difference between the fair value of the share-based payment and the fair value of any identifiable goods or services received at the grant date. </p> <p> The cost of equity-settled transactions with employees is measured by reference to the fair value at the date on which they are granted. The fair value is determined by using an appropriate pricing model, further details of which are given in note 23. </p> <p> The cost of equity-settled transactions is recognised, together with a corresponding increase in equity, over the period in which the performance and/or service conditions are fulfilled, ending on the date on which the relevant employees become fully entitled to the award ('the vesting date'). The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group's best estimate of the number of equity instruments that will ultimately vest. The profit or loss charge or credit for a period represents the movement in cumulative expense recognised as at the beginning and end of that period. </p> <p> No expense is recognised for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition, which are treated as vesting irrespective of whether or not the market condition is satisfied, provided that all other performance and/or service conditions are satisfied. Where the terms of an equity-settled award are modified, the minimum expense recognised is the expense as if the terms had not been modified. An additional expense is recognised for any modification, which increases the total fair value of the share-based payment arrangement, or is otherwise beneficial to the employee as measured at the date of modification. Where an equity-settled award is cancelled, it is treated as if it had vested on the date of cancellation, and any expense not yet recognised for the award is recognised immediately. However, if a new award is substituted for the cancelled award, and designated as a replacement award on the date that it is granted, the cancelled and new awards are treated as if they were a modification of the original award, as described in the previous paragraph. </p> <p> The dilutive effect of outstanding options is reflected as additional share dilution in the computation of earnings per share (further details are given in note 9). </p> <p> <b>Research and development costs</b> </p> <p> Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. </p> <p> <b>Accounting Standards issued but not yet effective and/ or adopted.</b> </p> <p> At the date of authorisation of these consolidated financial statements, the IASB and IFRIC have issued the following standards and interpretations which are effective for annual accounting periods beginning on or after the stated effective date. These standards and interpretations are not effective for and have not been applied in the preparation of these consolidated financial statements: </p> <p> <b>IAS 27:</b> Consolidated and Separate Financial Statements (Amended) (effective as of 1 July 2010). </p> <p> <b>IFRS 3:</b> Business Combinations (Revised) (effective as of 1 July 2010) includes an amendment to the treatment of minority interests (renamed non-controlling interests), amendments to the calculation of goodwill, a change to the method of accounting for acquisitions in stages, amendment to the accounting for contingent consideration and changes to the recognition and measurement of certain assets and liabilities. </p> <p> <b>IFRS 9:</b> Financial instruments (issued November 2009) </p> <p> <b>IFRIC Interpretation 13</b>: Customer Loyalty Programmes (effective as of 1 July 2010). </p> <p> <b>IFRIC Interpretation 14</b>: The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction (effective as of 1 July 2010). </p> <p> <b>Amendment to IFRIC 14</b>: Prepayments of a Minimum Funding Requirement (effective as of 1 January 2011) </p> <p> <b>IFRIC Interpretation 16</b>: Hedges of a Net Investment in a Foreign Operation (effective as of 1 October 2010). </p> <p> <b>IFRIC Interpretation 17:</b> Distributions of non-cash assets to owners (effective 1 July 2010). </p> <p> <b>IFRIC Interpretation 18:</b> Transfers of assets from customers (effective 1 July 2010) </p> <p> <b>IFRIC Interpretation 19</b>: Extinguishing Financial Liabilities with Equity Instruments (effective as of 1 July 2010) </p> <p> <b>Eligible Hedged Items (Amendment to IAS 39 Financial Instruments</b>: Recognition and Measurement). Entities shall apply the amendment retrospectively for annual periods beginning on or after 1 July 2010. </p> <p> Amendments to IFRIC 9 and IAS 39: Embedded Derivatives (effective as of 30 June 2010) </p> <p> Improvements to IFRSs (effective date is various, earliest is as of 1 January 2010, not yet endorsed by the EU). </p> <p> <b>Amendment to IFRS 2:</b> Group Cash-settled Share-based Payment Transactions (effective as of 1 January 2010). </p> <p> <b>Amendment to IFRS 1:</b> Additional Exemptions for First-Time Adopters (effective as of 1 January 2010). </p> <p> <b>Amendment to IAS 32:</b> Classification of Rights Issues (effective as of 1 February 2010). </p> <p> <b>Revised IAS 24</b>: Related-Party Transactions (revised) (effective as of 1 November 2011). </p> <p> The directors anticipate that the adoption of these standards and interpretations will not have a material impact on the Group's financial statements in the period of initial adoption with the exception of IFRS 3: Business Combinations (Revised), which will require transaction costs arising on business combinations to be expensed to the income statement as opposed to the existing treatment of capitalisation, in the event that acquisitions are undertaken. </p> <p> <b>Significant judgments, key assumptions and estimates</b> </p> <p> In the course of the preparation of the financial statements, the Group has made the following significant estimates: </p> <ul> <li class="bwlistitemmargb"> Estimates of the future cash flows of the Group's subsidiaries upon which goodwill is carried, in order to arrive at whether an impairment provision is required. These have been based on each subsidiary's budgets for 2011 and projections for 2012 and 2013 with expected growth rates and discount rates. </li> <li class="bwlistitemmargb"> Judgements made on the estimates of the useful life of property, plant and equipment, as set out in the relevant accounting policies above. </li> </ul> <p> <b>4.</b> <b>Segmental analysis</b> </p> <p> As at 30 September 2010, the Group's continuing business is classified by management into three main segments. </p> <p> The primary segment results for the year ended 30 September 2010 are as follows: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>Advertising Network</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>Internet Publishing</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>Internet Gaming</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignr"> <b>Group</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£'000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Revenue</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Total segment revenue </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>2,856</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>130</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>21,266</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>24,251</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Operating loss</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(34)</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(1,421)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(35)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(1,490)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Net finance income </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 6 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Loss before income tax expense</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(1,484)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Income tax expense </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Loss from continuing activities</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(1,484)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Balance sheet</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Assets </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 695 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 5,495 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2,938 </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 9,128 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Liabilities </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (478) </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (374) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (2,680) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (3,532) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>Net assets/(liabilities)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>217</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,121</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>258</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,596</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Other information</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> Depreciation and amortisation </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (38) </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (146) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (18) </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (201) </td> <td> </td> </tr> </table> <p> The segment results for the year ended 30 September 2009 are as follows: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Advertising Network</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Internet Publishing</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Group</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£'000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£'000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Revenue</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Total segment revenue </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>2,602</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>905</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>3,507</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Operating loss</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(521)</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(2,177)</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(2,698)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Net finance income </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 39 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Loss before income tax expense</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>(2,659)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Income tax expense </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 14 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> <b>Loss from continuing activities</b> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> <b>(2,645)</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Balance sheet</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Assets </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 1,072 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 6,223 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 7,295 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Liabilities </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (634) </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (726) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> (1,360) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> <b>Net assets/(liabilities)</b> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>438</b> </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,497</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwdoublebottom"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,935</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Other information</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> Depreciation and amortisation </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (37) </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (218) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwdoublebottom"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (255) </td> <td> </td> </tr> </table> <p> The above disclosures are consistent with how management reports information internally for the purpose of evaluating the Group's performance and for making decisions about future allocations of resources to the Group. </p> <p> Under the definitions contained in IAS 14 the only material geographic segment that the Group operates in is the UK. </p> <p> <b>5.</b> <b>Loss per share</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2010</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2009</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> Loss for the purpose of basic and diluted earnings per share </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (1,398) </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> (2,645) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> <b>Numbers</b> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> Weighted average number of ordinary shares for the purpose of basic earnings per share </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 323,445,648 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 293,467,124 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> Effect of dilutive potential ordinary shares: </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> Share warrants </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 3,900,000 </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 25,084,931 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td> </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> Weighted average number of ordinary shares for the purpose of diluted earnings per share </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> 327,345,648 </td> <td> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> 318,552,055 </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Pence </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> Pence </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss per share - basic </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.43p) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.90p) </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Loss per share - diluted </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.43p) </td> <td> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> (0.83p) </td> <td> </td> </tr> </table> <p> Basic loss per share has been calculated by dividing loss for the year by the weighted average number of ordinary shares in issue during the year. </p> <p> Diluted loss per share has been calculated by dividing loss for the year by the weighted average number of ordinary shares in issue during the year adjusted to assume conversion of all dilutive potential options/warrants. Losses are not subject to dilution. </p> <p> <b>6.</b> <b>Share Capital</b> </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2010</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2010</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2009</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> <b>2009</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Number</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>Number</b> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> <b>£000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Authorised</b> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Ordinary shares of 1p each </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 814,566,400 </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 8,146 </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 814,566,400 </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 8,146 </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Deferred shares of 4p each </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignc"> 46,358,400 </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 1,854 </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignc"> 46,358,400 </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 1,854 </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>10,000</b> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>10,000</b> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> <b>Allotted, called up and fully paid</b> </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignb bwalignl"> Ordinary shares of 1p each </td> <td class="bwpadl0 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 323,445,648 </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 3,234 </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 294,436,389 </td> <td class="bwpadl0 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc"> 2,944 </td> </tr> <tr> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Deferred shares of 4p each </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignc"> 46,358,400 </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 1,854 </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwpadb1 bwnowrap bwpadr0 bwvertalignb bwalignc"> 46,358,400 </td> <td class="bwpadl0 bwpadb1 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom"> 1,854 </td> </tr> <tr> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignl"> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>5,088</b> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwpadb3 bwvertalignb bwalignc"> </td> <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwdoublebottom"> <b>4,798</b> </td> </tr> </table> <p> 1,259,259 Ordinary shares were issued on 20 August 2010 to Rivington Street Holdings pursuant to contractual obligations for services provided to the Company and the average price of the shares at the issue date was 2.7 pence. </p> <p> <b>Share warrants</b> </p> <p> During the year 1,400,000 warrants exercisable at 2.25p per share were granted on 26 May 2010 to employees and directors. The warrants give right to subscribe for new shares for a period of three years from the grant date. </p> <p> <b>7.</b> <b>Events after balance sheet date</b> </p> <p> None </p> <p> <b>8.</b> <b>AGM notice and availability of accounts</b> </p> <p> The annual general meeting will be held at 11am on Wednesday 4<sup>th</sup> May 2011 at the Company's registered office of 77 Queen Victoria Street, London EC4V 4AY. The notice of annual general meeting and proxy materials will be posted to shareholders with the 2010 Annual Report and Accounts on 31 March 2011. These will also be available at the Company's registered office and website, www.mediacorpplc.com. </p> <p> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110331006235r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4146111</link><pubDate>Thu, 31 Mar 2011 16:41:00 GMT</pubDate></item><item><title>Trading Update</title><description><![CDATA[<body> <p class="bwalignl"> </p> <p class="bwalignc"> <b>Media Corporation Plc</b><br></br><b>("Media Corp" or the "Group")</b> </p> <p class="bwalignc"> <b>Trading Update</b> </p> <p> Media Corporation plc, a leading AIM quoted media and online gaming Group, is pleased to announce that, ahead of the release of the final results for the year to 30 September 2010 expected in March 2011, it has had another strong start to the current financial year. </p> <p> <b>First Quarter 2011* Unaudited Trading Highlights:</b> </p> <p> *1 October 2010 - 31 December 2010 </p> <ul> <li class="bwlistitemmargb"> <b>Group revenues increased to £5.6m (Q1 2010: £4.6.m) an increase of 21.7%</b> </li> <li class="bwlistitemmargb"> <b>Purple Lounge revenues increased to £3.8m (Q1 2010: £3.3m) an increase of 15.1%</b> </li> <li class="bwlistitemmargb"> <b>Eyeconomy Revenues increased to £1.6m (Q1 2010: £1.2m) an increase of 33%</b> </li> <li class="bwlistitemmargb"> <b>Both Purple Lounge and Eyeconomy have traded profitably in the period</b> </li> <li class="bwlistitemmargb"> <b>Ongoing negotiations with a number of potential purchasers of Gambling.com</b> </li> </ul> <p> Strong year on year growth has continued at Purple Lounge Limited, the Group's online poker and casino business and at Eyeconomy, the Group's wholly owned advertising network. In addition the Group is in ongoing negotiations with a number of parties for the sale of gambling.com. It is anticipated that the sale should complete during the second quarter of the financial year. </p> <p> Justin Drummond, Media Corporation's CEO, commented: </p> <p> <b>"This is another strong performance for the first three months of the new financial year. We are extremely positive about the outlook for the year and we look forward to providing further updates in the near future."</b> </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=6590404&lan=en-US&anchor=www.mediacorpplc.com&index=1&md5=6aead9dd1d6781d6205e7c52f4e7a69c"><b>www.mediacorpplc.com</b></a> or by contacting: </p> <p> Contacts: </p> <table cellspacing="0" class="bwtablemarginb"> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> <p class="bwcellpmargin"> <b>Media Corporation Plc</b> </p> </td> <td class="bwpadl0 bwvertalignt bwalignl"> </td> <td class="bwpadl0 bwvertalignt bwalignl"> <p class="bwcellpmargin"> <b>Tel: +44 20 7618 9000</b> </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Justin Drummond - CEO </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Nilesh Jagatia - Group Finance Director </td> <td> </td> <td> </td> </tr> <tr> <td colspan="3"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> <p class="bwcellpmargin"> <b>Northland Capital Partners limited</b> </p> </td> <td class="bwpadl0 bwvertalignt bwalignl"> </td> <td class="bwpadl0 bwvertalignt bwalignl"> <p class="bwcellpmargin"> <b>Tel: + 44 20 7492 4750</b> </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Luke Cairns / Rod Venables (Nomad) </td> <td> </td> <td> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Katie Shelton (Joint Broker) </td> <td> </td> <td> </td> </tr> <tr> <td colspan="3"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> <p class="bwcellpmargin"> <b>XCAP Securities</b> </p> </td> <td class="bwpadl0 bwvertalignt bwalignl"> </td> <td class="bwpadl0 bwvertalignt bwalignl"> <p class="bwcellpmargin"> <b>Tel: + 44 207 101 7070</b> </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> John Grant / Karen Kelly (Joint Broker) </td> <td> </td> <td> </td> </tr> <tr> <td colspan="3"> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> <p class="bwcellpmargin"> <b>Bishopsgate Communications</b> </p> </td> <td class="bwpadl0 bwvertalignt bwalignl"> </td> <td class="bwpadl0 bwvertalignt bwalignl"> <p class="bwcellpmargin"> <b>Tel: + 44 20 7562 3350</b> </p> </td> </tr> <tr> <td class="bwpadl0 bwvertalignt bwalignl"> Duncan McCormick/Deepali Schneider/Natalie Quinn </td> <td> </td> <td> </td> </tr> </table> <p> <b>Notes to editors:</b> </p> <p> Quoted on the AIM market of the London Stock Exchange, Media Corp is a leading media and online gaming group. </p> <p> The Group has two principal divisions: </p> <p> Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to up to 50 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express.<br></br><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eyeconomy.co.uk&esheet=6590404&lan=en-US&anchor=www.eyeconomy.co.uk&index=2&md5=7e689fc225fbdde0a73498ab7346ac4b">www.eyeconomy.co.uk</a> </p> <p> Website Publishing - Media Corp has a diversified publishing division specialising in online media and gaming. The impressive portfolio of websites includes a number of market leading websites, such as <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.purple-lounge.com&esheet=6590404&lan=en-US&anchor=www.purple-lounge.com&index=3&md5=e0e981672ab7391023899c850da5f2b4">www.purple-lounge.com</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.gambling.com&esheet=6590404&lan=en-US&anchor=www.gambling.com&index=4&md5=e9f77b243a34af2db3cb165ca5e4df6b">www.gambling.com</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.onthebox.com&esheet=6590404&lan=en-US&anchor=www.onthebox.com&index=5&md5=40893faa8f2d5e5c8e8ae8f4b79b6224">www.onthebox.com</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sport.co.uk&esheet=6590404&lan=en-US&anchor=www.sport.co.uk&index=6&md5=b5d6939da8dfbc4fb9b8ce0e6a4f24cb">www.sport.co.uk</a>, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.creditcardexpert.co.uk&esheet=6590404&lan=en-US&anchor=www.creditcardexpert.co.uk&index=7&md5=c03bfeb25c6fd775d569556100f99d89">www.creditcardexpert.co.uk</a> and <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.flightcomparison.co.uk&esheet=6590404&lan=en-US&anchor=www.flightcomparison.co.uk&index=8&md5=d9b5241d2ee1d3ef4a70337b3b9cb3e1">www.flightcomparison.co.uk</a>. </p> <p> Further information can be found on the company's website, at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.mediacorpplc.com&esheet=6590404&lan=en-US&anchor=www.mediacorpplc.com&index=9&md5=c29b72cfdcb1fab6d26f0bb1ba49b1c3">www.mediacorpplc.com</a> </p> <p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110130005068r1&sid=ukdig&distro=nx"></img><span class="bwct31415"></span></p><p>Copyright Business Wire 2011</p></body>]]></description><link>http://www.mediacorpplc.com/pages/press.aspx?id=4009741</link><pubDate>Mon, 31 Jan 2011 07:00:00 GMT</pubDate></item></channel></rss>
