ARC International plc Announces Unaudited Preliminary Results For the Year Ended December 31, 2007
Consolidated statements of recognized income and expense
for the year ended December 31, 2007
Year ended Year ended
December 31 December 31
2007 2006
(unaudited) (audited)
Notes GBP '000 GBP '000
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Loss for the period (2,504) (1,133)
Currency translation difference 4 (54) (267)
Change in value of ESOP reserve 4 75 40
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Total recognised expense for the period (2,483) (1,360)
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Consolidated balance sheets
as at December 31, 2007
December 31 December 31
2007 2006
(unaudited) (audited)
Notes GBP '000 GBP '000
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Assets
Non current assets
Intangible assets 7,506 843
Property, plant and equipment 1,537 424
Investment in associate 414 -
Trade and other receivables 417 372
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9,874 1,639
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Current assets
Inventory 72 203
Trade and other receivables 4,241 2,959
Current corporation tax receivable 1,368 700
Short term investments 11,145 13,500
Cash and cash equivalents 10,100 18,146
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26,926 35,508
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Total assets 36,800 37,147
Liabilities
Current liabilities
Trade and other payables 5,729 4,762
Deferred tax liabilities 143 -
Provision 5 163 306
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6,035 5,068
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Net current assets 20,891 30,440
Non-current liabilities
Other payables 126 -
Deferred tax liabilities 346 -
Provision 5 20 38
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492 38
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Net assets 30,273 32,041
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Shareholders' equity
Ordinary shares 4 153 151
Share premium 4 3,683 3,256
Other reserves 4 61,037 60,751
Cumulative translation adjustment 4 (511) (457)
Retained earnings 4 (34,089) (31,660)
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Total shareholders' equity 30,273 32,041
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